Can I retire at age 30 with 1,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$82,579$81,843$81,126$80,425$79,741$76,699
2 years$40,881$40,119$39,381$38,666$37,972$34,942
3 years$26,983$26,218$25,482$24,774$24,091$21,170
4 years$20,036$19,273$18,545$17,848$17,182$14,391
5 years$15,868$15,111$14,391$13,709$13,061$10,409
6 years$13,091$12,339$11,630$10,963$10,335$7,822
7 years$11,108$10,362$9,665$9,013$8,405$6,031
8 years$9,621$8,882$8,197$7,561$6,973$4,735
9 years$8,466$7,734$7,060$6,440$5,872$3,768
10 years$7,542$6,817$6,155$5,552$5,003$3,028
11 years$6,786$6,069$5,419$4,832$4,303$2,453
12 years$6,157$5,447$4,809$4,238$3,729$1,999
13 years$5,625$4,922$4,296$3,742$3,252$1,637
14 years$5,170$4,474$3,860$3,321$2,850$1,346
15 years$4,775$4,087$3,485$2,962$2,510$1,110
16 years$4,430$3,750$3,160$2,652$2,218$918
17 years$4,126$3,454$2,875$2,383$1,967$761
18 years$3,857$3,191$2,625$2,148$1,749$631
19 years$3,615$2,958$2,403$1,940$1,559$525
20 years$3,399$2,748$2,205$1,757$1,392$436
21 years$3,203$2,560$2,029$1,595$1,246$364
22 years$3,025$2,390$1,870$1,450$1,117$303
23 years$2,863$2,235$1,726$1,321$1,002$253
24 years$2,714$2,094$1,596$1,205$901$211
25 years$2,578$1,965$1,479$1,100$811$176
26 years$2,453$1,847$1,371$1,006$730$147
27 years$2,336$1,738$1,273$921$658$123
28 years$2,229$1,638$1,184$844$594$103
29 years$2,129$1,545$1,102$774$537$86
30 years$2,036$1,459$1,026$710$485$72
31 years$1,949$1,380$957$652$438$60
32 years$1,867$1,305$893$599$396$50
33 years$1,791$1,236$833$551$359$42
34 years$1,719$1,172$779$507$325$35
35 years$1,652$1,111$728$467$294$29
36 years$1,588$1,055$681$430$267$25
37 years$1,528$1,002$637$396$242$21
38 years$1,472$952$597$365$219$17
39 years$1,418$905$559$337$199$14
40 years$1,367$861$524$310$180$12
41 years$1,319$820$492$286$163$10
42 years$1,273$781$461$264$148$8
43 years$1,230$744$433$244$135$7
44 years$1,188$709$406$225$122$6
45 years$1,149$676$381$208$111$5
46 years$1,111$645$358$192$101$4
47 years$1,075$616$336$178$91$3
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$2
50 years$976$536$279$140$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,000,000, adding $4,070 every year, while hoping to spend $31,700 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/38/6 Blend
29$1,000,000$1,000,000$1,000,000$1,000,000
30$1,106,198$1,053,198$1,037,698$1,166,504
31$1,185,302$1,071,076$1,038,733$1,225,460
32$1,271,412$1,088,768$1,038,739$1,285,736
33$1,365,209$1,106,231$1,037,650$1,350,598
34$1,467,443$1,123,419$1,035,394$1,420,488
35$1,578,938$1,140,283$1,031,896$1,495,891
36$1,700,604$1,156,771$1,027,078$1,577,340
37$1,833,439$1,172,825$1,020,859$1,665,426
38$1,978,543$1,188,387$1,013,151$1,760,797
39$2,137,128$1,203,392$1,003,865$1,864,171
40$2,310,526$1,217,770$992,906$1,976,336
41$2,500,207$1,231,447$980,176$2,098,164
42$2,707,787$1,244,347$965,570$2,230,614
43$2,935,045$1,256,384$948,980$2,374,746
44$3,183,942$1,267,469$930,294$2,531,725
45$3,456,637$1,277,508$909,391$2,702,839
46$3,755,506$1,286,398$886,148$2,889,507
47$4,083,168$1,294,032$860,435$3,093,294
48$4,442,507$1,300,295$832,115$3,315,926
49$4,836,698$1,305,065$801,046$3,559,304
50$5,269,239$1,308,211$767,079$3,825,526
51$5,743,985$1,309,597$730,060$4,116,907
52$6,265,180$1,309,075$689,825$4,435,997
53$6,837,498$1,306,490$646,204$4,785,609
54$7,466,091$1,301,676$599,020$5,168,845
55$8,156,632$1,294,458$548,087$5,589,125
56$8,915,372$1,284,650$493,211$6,050,220
57$9,749,196$1,272,054$434,190$6,556,288
58$10,665,691$1,256,462$370,812$7,111,915
59$11,673,214$1,237,650$302,857$7,722,155
60$12,780,972$1,215,386$230,093$8,392,584
61$13,999,109$1,189,418$152,279$9,129,348
62$15,338,803$1,159,484$69,166$9,939,224
63$16,812,367$1,125,305$0$10,829,682
64$18,433,368$1,086,584$0$11,810,212
65$20,216,755$1,043,010$0$12,893,452
66$22,178,997$994,251$0$14,085,003
67$24,338,242$939,957$0$15,395,923
68$26,714,485$879,757$0$16,838,404
69$29,329,758$813,261$0$18,425,887
70$32,208,336$740,053$0$20,173,188
71$35,376,968$659,697$0$22,096,639
72$38,865,127$571,731$0$24,214,244
73$42,705,289$475,665$0$26,545,851
74$46,933,239$370,983$0$29,113,336
75$51,588,408$257,139$0$31,940,817
76$56,714,246$133,559$0$35,054,878
77$62,358,629$0$0$38,484,822
78$68,574,315$0$0$42,263,104
79$75,419,437$0$0$46,485,618
80$82,958,053$0$0$51,136,046
81$91,260,751$0$0$56,257,948
82$100,405,316$0$0$61,899,324
83$110,477,459$0$0$68,113,067
84$121,571,631$0$0$74,957,461
85$133,791,911$0$0$82,496,736
86$147,252,989$0$0$90,801,665
87$162,081,247$0$0$99,950,240
88$178,415,954$0$0$110,028,404
89$196,410,577$0$0$121,130,862
90$216,234,231$0$0$133,361,978
91$238,073,277$0$0$146,836,755
92$262,133,074$0$0$161,681,921
93$288,639,925$0$0$178,037,132
94$317,843,207$0$0$196,056,278
95$350,017,727$0$0$215,908,948
96$385,466,316$0$0$237,782,020
97$424,522,683$0$0$261,881,432
98$467,554,573$0$0$288,434,121
99$514,967,229$0$0$317,690,170
100$567,207,221$0$0$349,925,162