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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$83,405$82,662$81,937$81,230$80,539$77,558
2 years$41,290$40,521$39,775$39,053$38,352$35,382
3 years$27,253$26,481$25,737$25,021$24,332$21,467
4 years$20,236$19,466$18,730$18,027$17,354$14,616
5 years$16,027$15,262$14,535$13,846$13,192$10,588
6 years$13,222$12,462$11,747$11,073$10,438$7,969
7 years$11,219$10,466$9,762$9,104$8,489$6,155
8 years$9,717$8,971$8,279$7,637$7,043$4,841
9 years$8,550$7,811$7,130$6,505$5,931$3,859
10 years$7,617$6,885$6,216$5,607$5,053$3,108
11 years$6,854$6,129$5,473$4,880$4,346$2,523
12 years$6,219$5,501$4,857$4,280$3,766$2,060
13 years$5,681$4,972$4,339$3,779$3,284$1,691
14 years$5,221$4,519$3,899$3,355$2,879$1,393
15 years$4,823$4,128$3,520$2,992$2,535$1,151
16 years$4,475$3,788$3,192$2,679$2,240$954
17 years$4,168$3,488$2,904$2,407$1,986$792
18 years$3,895$3,223$2,651$2,169$1,766$659
19 years$3,652$2,987$2,427$1,960$1,574$549
20 years$3,433$2,776$2,227$1,775$1,406$458
21 years$3,235$2,586$2,049$1,611$1,258$382
22 years$3,055$2,414$1,888$1,465$1,128$319
23 years$2,891$2,257$1,743$1,334$1,013$267
24 years$2,742$2,115$1,612$1,217$910$223
25 years$2,604$1,985$1,493$1,111$819$187
26 years$2,477$1,865$1,385$1,016$738$156
27 years$2,360$1,756$1,286$930$665$131
28 years$2,251$1,654$1,196$852$600$110
29 years$2,150$1,561$1,113$781$542$92
30 years$2,056$1,474$1,036$717$490$77
31 years$1,968$1,393$966$659$443$65
32 years$1,886$1,318$901$605$400$54
33 years$1,809$1,248$842$557$362$45
34 years$1,736$1,183$786$512$328$38
35 years$1,668$1,122$735$471$297$32
36 years$1,604$1,065$688$434$269$27
37 years$1,544$1,012$644$400$244$22
38 years$1,486$962$603$369$221$19
39 years$1,432$914$565$340$201$16
40 years$1,381$870$529$314$182$13
41 years$1,332$828$496$289$165$11
42 years$1,286$789$466$267$150$9
43 years$1,242$751$437$246$136$8
44 years$1,200$716$410$228$123$7
45 years$1,160$683$385$210$112$6
46 years$1,122$652$362$194$102$5
47 years$1,086$622$340$179$92$4
48 years$1,051$594$319$166$84$3
49 years$1,018$567$300$153$76$3
50 years$986$541$282$142$69$2

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 $4,239 every year, while hoping to spend $44,120 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: 65/27/8 Blend
29$1,010,000$1,010,000$1,010,000$1,010,000
30$1,117,393$1,063,863$1,048,208$1,188,012
31$1,184,423$1,069,048$1,036,379$1,240,736
32$1,256,812$1,073,010$1,022,676$1,292,699
33$1,335,060$1,075,640$1,006,988$1,348,321
34$1,419,715$1,076,826$989,201$1,407,954
35$1,511,383$1,076,446$969,196$1,471,987
36$1,610,726$1,074,375$946,847$1,540,850
37$1,718,476$1,070,475$922,022$1,615,016
38$1,835,435$1,064,602$894,584$1,695,008
39$1,962,486$1,056,605$864,390$1,781,405
40$2,100,602$1,046,321$831,289$1,874,843
41$2,250,851$1,033,578$795,124$1,976,028
42$2,414,408$1,018,194$755,732$2,085,736
43$2,592,569$999,977$712,940$2,204,826
44$2,786,757$978,721$666,569$2,334,244
45$2,998,538$954,211$616,431$2,475,038
46$3,229,639$926,217$562,332$2,628,362
47$3,481,957$894,497$504,065$2,795,489
48$3,757,583$858,793$441,417$2,977,828
49$4,058,818$818,835$374,166$3,176,930
50$4,388,194$774,335$302,077$3,394,511
51$4,748,501$724,989$224,908$3,632,461
52$5,142,810$670,475$142,404$3,892,869
53$5,574,502$610,453$54,300$4,178,039
54$6,047,301$544,565$0$4,490,514
55$6,565,307$472,431$0$4,836,490
56$7,133,038$393,650$0$5,220,841
57$7,755,466$307,797$0$5,642,369
58$8,438,071$214,426$0$6,104,871
59$9,186,884$113,063$0$6,612,535
60$10,008,553$3,209$0$7,169,981
61$10,910,397$0$0$7,782,302
62$11,900,479$0$0$8,489,481
63$12,987,683$0$0$9,267,148
64$14,181,791$0$0$10,121,356
65$15,493,584$0$0$11,059,826
66$16,934,936$0$0$12,091,062
67$18,518,927$0$0$13,224,432
68$20,259,968$0$0$14,470,259
69$22,173,938$0$0$15,839,914
70$24,278,327$0$0$17,345,924
71$26,592,407$0$0$19,002,094
72$29,137,410$0$0$20,823,629
73$31,936,730$0$0$22,827,286
74$35,016,141$0$0$25,031,525
75$38,404,040$0$0$27,456,685
76$42,131,717$0$0$30,125,178
77$46,233,647$0$0$33,061,697
78$50,747,815$0$0$36,293,448
79$55,716,076$0$0$39,850,411
80$61,184,548$0$0$43,765,618
81$67,204,044$0$0$48,075,466
82$73,830,557$0$0$52,820,059
83$81,125,783$0$0$58,043,589
84$89,157,704$0$0$63,794,750
85$98,001,229$0$0$70,127,196
86$107,738,901$0$0$77,100,052
87$118,461,675$0$0$84,778,465
88$130,269,774$0$0$93,234,224
89$143,273,636$0$0$102,546,433
90$157,594,958$0$0$112,802,261
91$173,367,837$0$0$124,097,760
92$190,740,044$0$0$136,538,774
93$209,874,409$0$0$150,241,938
94$230,950,364$0$0$165,335,775
95$254,165,633$0$0$181,961,912
96$279,738,097$0$0$200,276,414
97$307,907,850$0$0$220,451,259
98$338,939,467$0$0$242,675,957
99$373,124,497$0$0$267,159,343
100$410,784,215$0$0$294,131,543