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%19.5%
1 years$83,405$82,662$81,937$81,230$80,539$77,466
2 years$41,290$40,521$39,775$39,053$38,352$35,292
3 years$27,253$26,481$25,737$25,021$24,332$21,382
4 years$20,236$19,466$18,730$18,027$17,354$14,535
5 years$16,027$15,262$14,535$13,846$13,192$10,513
6 years$13,222$12,462$11,747$11,073$10,438$7,900
7 years$11,219$10,466$9,762$9,104$8,489$6,091
8 years$9,717$8,971$8,279$7,637$7,043$4,782
9 years$8,550$7,811$7,130$6,505$5,931$3,805
10 years$7,617$6,885$6,216$5,607$5,053$3,059
11 years$6,854$6,129$5,473$4,880$4,346$2,478
12 years$6,219$5,501$4,857$4,280$3,766$2,019
13 years$5,681$4,972$4,339$3,779$3,284$1,654
14 years$5,221$4,519$3,899$3,355$2,879$1,360
15 years$4,823$4,128$3,520$2,992$2,535$1,121
16 years$4,475$3,788$3,192$2,679$2,240$927
17 years$4,168$3,488$2,904$2,407$1,986$768
18 years$3,895$3,223$2,651$2,169$1,766$637
19 years$3,652$2,987$2,427$1,960$1,574$530
20 years$3,433$2,776$2,227$1,775$1,406$441
21 years$3,235$2,586$2,049$1,611$1,258$367
22 years$3,055$2,414$1,888$1,465$1,128$306
23 years$2,891$2,257$1,743$1,334$1,013$255
24 years$2,742$2,115$1,612$1,217$910$213
25 years$2,604$1,985$1,493$1,111$819$178
26 years$2,477$1,865$1,385$1,016$738$149
27 years$2,360$1,756$1,286$930$665$124
28 years$2,251$1,654$1,196$852$600$104
29 years$2,150$1,561$1,113$781$542$87
30 years$2,056$1,474$1,036$717$490$72
31 years$1,968$1,393$966$659$443$61
32 years$1,886$1,318$901$605$400$51
33 years$1,809$1,248$842$557$362$42
34 years$1,736$1,183$786$512$328$35
35 years$1,668$1,122$735$471$297$30
36 years$1,604$1,065$688$434$269$25
37 years$1,544$1,012$644$400$244$21
38 years$1,486$962$603$369$221$17
39 years$1,432$914$565$340$201$15
40 years$1,381$870$529$314$182$12
41 years$1,332$828$496$289$165$10
42 years$1,286$789$466$267$150$9
43 years$1,242$751$437$246$136$7
44 years$1,200$716$410$228$123$6
45 years$1,160$683$385$210$112$5
46 years$1,122$652$362$194$102$4
47 years$1,086$622$340$179$92$3
48 years$1,051$594$319$166$84$3
49 years$1,018$567$300$153$76$2
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 $3,298 every year, while hoping to spend $35,733 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: 69/12/19 Blend
29$1,010,000$1,010,000$1,010,000$1,010,000
30$1,116,422$1,062,892$1,047,237$1,188,061
31$1,192,277$1,076,954$1,044,300$1,250,356
32$1,274,672$1,090,507$1,040,066$1,313,981
33$1,364,236$1,103,490$1,034,456$1,382,719
34$1,461,662$1,115,834$1,027,384$1,457,069
35$1,567,710$1,127,468$1,018,760$1,537,586
36$1,683,219$1,138,317$1,008,491$1,624,878
37$1,809,112$1,148,299$996,480$1,719,618
38$1,946,403$1,157,328$982,624$1,822,546
39$2,096,210$1,165,311$966,816$1,934,480
40$2,259,763$1,172,150$948,943$2,056,321
41$2,438,414$1,177,741$928,888$2,189,060
42$2,633,655$1,181,973$906,529$2,333,795
43$2,847,126$1,184,728$881,736$2,491,731
44$3,080,634$1,185,880$854,374$2,664,201
45$3,336,166$1,185,297$824,304$2,852,673
46$3,615,915$1,182,836$791,378$3,058,766
47$3,922,291$1,178,347$755,441$3,284,264
48$4,257,950$1,171,671$716,334$3,531,135
49$4,625,817$1,162,640$673,887$3,801,549
50$5,029,113$1,151,072$627,926$4,097,900
51$5,471,387$1,136,779$578,266$4,422,824
52$5,956,546$1,119,559$524,715$4,779,230
53$6,488,894$1,099,197$467,074$5,170,324
54$7,073,172$1,075,469$405,131$5,599,643
55$7,714,603$1,048,134$338,670$6,071,085
56$8,418,938$1,016,938$267,462$6,588,946
57$9,192,516$981,614$191,267$7,157,965
58$10,042,315$941,876$109,838$7,783,365
59$10,976,027$897,424$22,913$8,470,905
60$12,002,124$847,940$0$9,226,934
61$13,129,939$793,087$0$10,072,612
62$14,369,755$732,510$0$11,007,372
63$15,732,899$665,833$0$12,035,130
64$17,231,853$592,657$0$13,165,326
65$18,880,368$512,562$0$14,408,362
66$20,693,593$425,106$0$15,775,703
67$22,688,221$329,818$0$17,279,980
68$24,882,644$226,203$0$18,935,116
69$27,297,125$113,738$0$20,756,453
70$29,953,991$0$0$22,760,897
71$32,877,843$0$0$24,968,155
72$36,095,787$0$0$27,414,023
73$39,637,690$0$0$30,106,192
74$43,536,462$0$0$33,069,684
75$47,828,363$0$0$36,332,071
76$52,553,351$0$0$39,923,734
77$57,755,452$0$0$43,878,149
78$63,483,179$0$0$48,232,203
79$69,789,990$0$0$53,026,543
80$76,734,789$0$0$58,305,958
81$84,382,483$0$0$64,119,800
82$92,804,596$0$0$70,522,453
83$102,079,940$0$0$77,573,843
84$112,295,360$0$0$85,340,005
85$123,546,557$0$0$93,893,705
86$135,938,983$0$0$103,315,126
87$149,588,844$0$0$113,692,627
88$164,624,188$0$0$125,123,573
89$181,186,123$0$0$137,715,255
90$199,430,137$0$0$151,585,905
91$219,527,577$0$0$166,865,808
92$241,667,256$0$0$183,698,532
93$266,057,240$0$0$202,242,285
94$292,926,811$0$0$222,671,406
95$322,528,626$0$0$245,178,009
96$355,141,111$0$0$269,973,802
97$391,071,077$0$0$297,292,075
98$430,656,626$0$0$327,389,912
99$474,270,334$0$0$360,550,611
100$522,322,772$0$0$397,086,360