Can I retire at age 30 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$83,405$82,662$81,937$81,230$80,539$79,139
2 years$41,290$40,521$39,775$39,053$38,352$36,947
3 years$27,253$26,481$25,737$25,021$24,332$22,965
4 years$20,236$19,466$18,730$18,027$17,354$16,035
5 years$16,027$15,262$14,535$13,846$13,192$11,925
6 years$13,222$12,462$11,747$11,073$10,438$9,225
7 years$11,219$10,466$9,762$9,104$8,489$7,330
8 years$9,717$8,971$8,279$7,637$7,043$5,937
9 years$8,550$7,811$7,130$6,505$5,931$4,878
10 years$7,617$6,885$6,216$5,607$5,053$4,053
11 years$6,854$6,129$5,473$4,880$4,346$3,397
12 years$6,219$5,501$4,857$4,280$3,766$2,867
13 years$5,681$4,972$4,339$3,779$3,284$2,433
14 years$5,221$4,519$3,899$3,355$2,879$2,075
15 years$4,823$4,128$3,520$2,992$2,535$1,776
16 years$4,475$3,788$3,192$2,679$2,240$1,525
17 years$4,168$3,488$2,904$2,407$1,986$1,313
18 years$3,895$3,223$2,651$2,169$1,766$1,134
19 years$3,652$2,987$2,427$1,960$1,574$980
20 years$3,433$2,776$2,227$1,775$1,406$849
21 years$3,235$2,586$2,049$1,611$1,258$737
22 years$3,055$2,414$1,888$1,465$1,128$640
23 years$2,891$2,257$1,743$1,334$1,013$556
24 years$2,742$2,115$1,612$1,217$910$484
25 years$2,604$1,985$1,493$1,111$819$422
26 years$2,477$1,865$1,385$1,016$738$368
27 years$2,360$1,756$1,286$930$665$321
28 years$2,251$1,654$1,196$852$600$280
29 years$2,150$1,561$1,113$781$542$244
30 years$2,056$1,474$1,036$717$490$213
31 years$1,968$1,393$966$659$443$186
32 years$1,886$1,318$901$605$400$163
33 years$1,809$1,248$842$557$362$142
34 years$1,736$1,183$786$512$328$124
35 years$1,668$1,122$735$471$297$109
36 years$1,604$1,065$688$434$269$95
37 years$1,544$1,012$644$400$244$83
38 years$1,486$962$603$369$221$73
39 years$1,432$914$565$340$201$64
40 years$1,381$870$529$314$182$56
41 years$1,332$828$496$289$165$49
42 years$1,286$789$466$267$150$43
43 years$1,242$751$437$246$136$37
44 years$1,200$716$410$228$123$33
45 years$1,160$683$385$210$112$29
46 years$1,122$652$362$194$102$25
47 years$1,086$622$340$179$92$22
48 years$1,051$594$319$166$84$19
49 years$1,018$567$300$153$76$17
50 years$986$541$282$142$69$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,010,000, adding $2,870 every year, while hoping to spend $50,960 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: 51/20/29 Blend
29$1,010,000$1,010,000$1,010,000$1,010,000
30$1,115,980$1,062,450$1,046,795$1,163,634
31$1,175,589$1,060,289$1,027,642$1,195,032
32$1,239,570$1,056,315$1,006,139$1,223,834
33$1,308,316$1,050,383$982,154$1,254,163
34$1,382,256$1,042,344$955,548$1,286,188
35$1,461,864$1,032,036$926,176$1,320,098
36$1,547,658$1,019,290$893,887$1,356,102
37$1,640,208$1,003,925$858,522$1,394,437
38$1,740,142$985,749$819,915$1,435,364
39$1,848,146$964,561$777,892$1,479,177
40$1,964,978$940,146$732,272$1,526,200
41$2,091,469$912,276$682,867$1,576,798
42$2,228,533$880,712$629,477$1,631,373
43$2,377,176$845,199$571,896$1,690,376
44$2,538,502$805,467$509,909$1,754,308
45$2,713,726$761,233$443,288$1,823,723
46$2,904,188$712,194$371,800$1,899,240
47$3,111,356$658,033$295,196$1,981,545
48$3,336,851$598,413$213,222$2,071,401
49$3,582,452$532,978$125,607$2,169,653
50$3,850,119$461,351$32,072$2,277,240
51$4,142,010$383,136$0$2,395,204
52$4,460,498$297,912$0$2,545,661
53$4,808,196$205,237$0$2,720,883
54$5,187,979$104,641$0$2,912,453
55$5,603,016$0$0$3,122,046
56$6,056,790$0$0$3,352,472
57$6,553,141$0$0$3,629,807
58$7,096,294$0$0$3,933,395
59$7,690,903$0$0$4,265,849
60$8,342,092$0$0$4,630,047
61$9,055,504$0$0$5,029,160
62$9,837,353$0$0$5,466,678
63$10,694,483$0$0$5,946,446
64$11,634,433$0$0$6,472,699
65$12,665,505$0$0$7,050,100
66$13,796,844$0$0$7,683,788
67$15,038,522$0$0$8,379,421
68$16,401,635$0$0$9,143,233
69$17,898,405$0$0$9,982,091
70$19,542,295$0$0$10,903,559
71$21,348,136$0$0$11,915,970
72$23,332,268$0$0$13,028,506
73$25,512,691$0$0$14,251,279
74$27,909,233$0$0$15,595,432
75$30,543,741$0$0$17,073,239
76$33,440,284$0$0$18,698,226
77$36,625,378$0$0$20,485,292
78$40,128,238$0$0$22,450,855
79$43,981,053$0$0$24,613,000
80$48,219,287$0$0$26,991,657
81$52,882,014$0$0$29,608,784
82$58,012,286$0$0$32,488,573
83$63,657,540$0$0$35,657,680
84$69,870,041$0$0$39,145,478
85$76,707,380$0$0$42,984,328
86$84,233,012$0$0$47,209,891
87$92,516,854$0$0$51,861,457
88$101,635,948$0$0$56,982,322
89$111,675,185$0$0$62,620,192
90$122,728,104$0$0$68,827,634
91$134,897,775$0$0$75,662,570
92$148,297,772$0$0$83,188,827
93$163,053,242$0$0$91,476,735
94$179,302,086$0$0$100,603,793
95$197,196,261$0$0$110,655,399
96$216,903,210$0$0$121,725,654
97$238,607,446$0$0$133,918,253
98$262,512,288$0$0$147,347,459
99$288,841,779$0$0$162,139,184
100$317,842,807$0$0$178,432,178