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%15.3%
1 years$83,405$82,662$81,937$81,230$80,539$78,784
2 years$41,290$40,521$39,775$39,053$38,352$36,593
3 years$27,253$26,481$25,737$25,021$24,332$22,623
4 years$20,236$19,466$18,730$18,027$17,354$15,709
5 years$16,027$15,262$14,535$13,846$13,192$11,616
6 years$13,222$12,462$11,747$11,073$10,438$8,932
7 years$11,219$10,466$9,762$9,104$8,489$7,053
8 years$9,717$8,971$8,279$7,637$7,043$5,677
9 years$8,550$7,811$7,130$6,505$5,931$4,634
10 years$7,617$6,885$6,216$5,607$5,053$3,824
11 years$6,854$6,129$5,473$4,880$4,346$3,182
12 years$6,219$5,501$4,857$4,280$3,766$2,667
13 years$5,681$4,972$4,339$3,779$3,284$2,247
14 years$5,221$4,519$3,899$3,355$2,879$1,902
15 years$4,823$4,128$3,520$2,992$2,535$1,616
16 years$4,475$3,788$3,192$2,679$2,240$1,377
17 years$4,168$3,488$2,904$2,407$1,986$1,176
18 years$3,895$3,223$2,651$2,169$1,766$1,007
19 years$3,652$2,987$2,427$1,960$1,574$864
20 years$3,433$2,776$2,227$1,775$1,406$742
21 years$3,235$2,586$2,049$1,611$1,258$638
22 years$3,055$2,414$1,888$1,465$1,128$550
23 years$2,891$2,257$1,743$1,334$1,013$474
24 years$2,742$2,115$1,612$1,217$910$409
25 years$2,604$1,985$1,493$1,111$819$353
26 years$2,477$1,865$1,385$1,016$738$305
27 years$2,360$1,756$1,286$930$665$264
28 years$2,251$1,654$1,196$852$600$228
29 years$2,150$1,561$1,113$781$542$197
30 years$2,056$1,474$1,036$717$490$171
31 years$1,968$1,393$966$659$443$148
32 years$1,886$1,318$901$605$400$128
33 years$1,809$1,248$842$557$362$111
34 years$1,736$1,183$786$512$328$96
35 years$1,668$1,122$735$471$297$83
36 years$1,604$1,065$688$434$269$72
37 years$1,544$1,012$644$400$244$62
38 years$1,486$962$603$369$221$54
39 years$1,432$914$565$340$201$47
40 years$1,381$870$529$314$182$41
41 years$1,332$828$496$289$165$35
42 years$1,286$789$466$267$150$31
43 years$1,242$751$437$246$136$27
44 years$1,200$716$410$228$123$23
45 years$1,160$683$385$210$112$20
46 years$1,122$652$362$194$102$17
47 years$1,086$622$340$179$92$15
48 years$1,051$594$319$166$84$13
49 years$1,018$567$300$153$76$11
50 years$986$541$282$142$69$10

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 $6,469 every year, while hoping to spend $38,672 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: 63/27/10 Blend
29$1,010,000$1,010,000$1,010,000$1,010,000
30$1,119,693$1,066,163$1,050,508$1,187,358
31$1,192,755$1,077,258$1,044,553$1,244,475
32$1,271,973$1,087,601$1,037,103$1,301,737
33$1,357,934$1,097,114$1,028,066$1,363,285
34$1,451,285$1,105,713$1,017,347$1,429,534
35$1,552,735$1,113,312$1,004,847$1,500,941
36$1,663,065$1,119,815$990,461$1,578,013
37$1,783,135$1,125,124$974,079$1,661,306
38$1,913,892$1,129,132$955,587$1,751,435
39$2,056,375$1,131,726$934,866$1,849,079
40$2,211,730$1,132,785$911,789$1,954,985
41$2,381,218$1,132,183$886,225$2,069,980
42$2,566,227$1,129,785$858,038$2,194,974
43$2,768,283$1,125,445$827,084$2,330,973
44$2,989,068$1,119,013$793,212$2,479,085
45$3,230,434$1,110,325$756,265$2,640,534
46$3,494,419$1,099,211$716,080$2,816,668
47$3,783,266$1,085,489$672,485$3,008,978
48$4,099,446$1,068,965$625,300$3,219,105
49$4,445,681$1,049,436$574,339$3,448,861
50$4,824,966$1,026,684$519,406$3,700,246
51$5,240,603$1,000,481$460,296$3,975,464
52$5,696,224$970,585$396,795$4,276,948
53$6,195,832$936,737$328,681$4,607,381
54$6,743,837$898,666$255,722$4,969,722
55$7,345,092$856,085$177,673$5,367,237
56$8,004,947$808,689$94,281$5,803,526
57$8,729,294$756,157$5,281$6,282,561
58$9,524,620$698,147$0$6,808,723
59$10,398,076$634,300$0$7,396,414
60$11,357,535$564,236$0$8,042,614
61$12,411,672$487,553$0$8,752,669
62$13,570,046$403,826$0$9,533,093
63$14,843,184$312,607$0$10,391,069
64$16,242,685$213,421$0$11,334,516
65$17,781,328$105,768$0$12,372,162
66$19,473,192$0$0$13,513,634
67$21,333,789$0$0$14,772,774
68$23,380,208$0$0$16,192,311
69$25,631,279$0$0$17,753,891
70$28,107,746$0$0$19,471,916
71$30,832,469$0$0$21,362,254
72$33,830,633$0$0$23,442,388
73$37,129,986$0$0$25,731,584
74$40,761,106$0$0$28,251,067
75$44,757,681$0$0$31,024,226
76$49,156,833$0$0$34,076,830
77$53,999,466$0$0$37,437,277
78$59,330,650$0$0$41,136,854
79$65,200,046$0$0$45,210,038
80$71,662,377$0$0$49,694,820
81$78,777,942$0$0$54,633,061
82$86,613,183$0$0$60,070,888
83$95,241,316$0$0$66,059,128
84$104,743,016$0$0$72,653,790
85$115,207,183$0$0$79,916,592
86$126,731,777$0$0$87,915,541
87$139,424,743$0$0$96,725,578
88$153,405,031$0$0$106,429,283
89$168,803,716$0$0$117,117,652
90$185,765,235$0$0$128,890,962
91$204,448,750$0$0$141,859,709
92$225,029,651$0$0$156,145,658
93$247,701,209$0$0$171,882,985
94$272,676,399$0$0$189,219,550
95$300,189,913$0$0$208,318,286
96$330,500,371$0$0$229,358,741
97$363,892,766$0$0$252,538,770
98$400,681,148$0$0$278,076,403
99$441,211,591$0$0$306,211,903
100$485,865,461$0$0$337,210,033