Can I retire at age 30 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$84,231$83,480$82,748$82,034$81,336$80,320
2 years$41,698$40,922$40,169$39,439$38,732$37,709
3 years$27,523$26,743$25,992$25,269$24,573$23,576
4 years$20,436$19,659$18,916$18,205$17,526$16,561
5 years$16,186$15,413$14,679$13,983$13,323$12,395
6 years$13,353$12,586$11,863$11,182$10,542$9,651
7 years$11,330$10,569$9,858$9,194$8,573$7,720
8 years$9,814$9,060$8,361$7,712$7,112$6,296
9 years$8,635$7,888$7,201$6,569$5,990$5,210
10 years$7,692$6,953$6,278$5,663$5,103$4,361
11 years$6,922$6,190$5,527$4,928$4,389$3,682
12 years$6,280$5,556$4,905$4,323$3,804$3,131
13 years$5,738$5,021$4,382$3,816$3,317$2,679
14 years$5,273$4,564$3,938$3,388$2,907$2,303
15 years$4,871$4,169$3,555$3,021$2,560$1,987
16 years$4,519$3,825$3,223$2,705$2,262$1,721
17 years$4,209$3,523$2,933$2,431$2,006$1,495
18 years$3,934$3,255$2,677$2,190$1,784$1,301
19 years$3,688$3,017$2,451$1,979$1,590$1,135
20 years$3,467$2,803$2,249$1,793$1,420$992
21 years$3,267$2,611$2,069$1,627$1,271$869
22 years$3,085$2,438$1,907$1,479$1,139$761
23 years$2,920$2,280$1,761$1,347$1,023$668
24 years$2,769$2,136$1,628$1,229$919$587
25 years$2,630$2,005$1,508$1,122$827$516
26 years$2,502$1,884$1,399$1,026$745$454
27 years$2,383$1,773$1,299$939$672$400
28 years$2,273$1,671$1,208$860$606$352
29 years$2,171$1,576$1,124$789$547$311
30 years$2,076$1,488$1,047$724$494$274
31 years$1,988$1,407$976$665$447$242
32 years$1,905$1,331$910$611$404$213
33 years$1,827$1,261$850$562$366$188
34 years$1,754$1,195$794$517$331$166
35 years$1,685$1,133$743$476$300$147
36 years$1,620$1,076$695$438$272$130
37 years$1,559$1,022$650$404$246$115
38 years$1,501$971$609$372$223$101
39 years$1,446$923$570$343$203$90
40 years$1,395$879$535$317$184$79
41 years$1,345$836$501$292$167$70
42 years$1,299$796$470$270$151$62
43 years$1,254$759$441$249$137$55
44 years$1,212$723$414$230$125$48
45 years$1,172$690$389$212$113$43
46 years$1,133$658$365$196$103$38
47 years$1,097$628$343$181$93$34
48 years$1,061$599$323$167$85$30
49 years$1,028$572$303$155$77$26
50 years$996$547$285$143$70$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,020,000, adding $3,757 every year, while hoping to spend $20,601 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: 81/11/8 Blend
29$1,020,000$1,020,000$1,020,000$1,020,000
30$1,127,915$1,073,855$1,058,045$1,217,840
31$1,221,043$1,104,555$1,071,571$1,307,968
32$1,322,980$1,136,068$1,084,858$1,403,756
33$1,434,602$1,168,414$1,097,879$1,508,265
34$1,556,875$1,201,609$1,110,602$1,622,358
35$1,690,862$1,235,674$1,122,992$1,746,981
36$1,837,734$1,270,626$1,135,016$1,883,180
37$1,998,780$1,306,484$1,146,637$2,032,105
38$2,175,422$1,343,268$1,157,816$2,195,023
39$2,369,223$1,380,996$1,168,511$2,373,329
40$2,581,907$1,419,688$1,178,679$2,568,560
41$2,815,372$1,459,363$1,188,275$2,782,410
42$3,071,709$1,500,041$1,197,251$3,016,743
43$3,353,221$1,541,741$1,205,557$3,273,613
44$3,662,445$1,584,482$1,213,139$3,555,282
45$4,002,177$1,628,285$1,219,942$3,864,245
46$4,375,496$1,673,167$1,225,907$4,203,245
47$4,785,794$1,719,150$1,230,972$4,575,310
48$5,236,808$1,766,252$1,235,073$4,983,771
49$5,732,656$1,814,491$1,238,141$5,432,301
50$6,277,874$1,863,888$1,240,106$5,924,945
51$6,877,459$1,914,461$1,240,891$6,466,160
52$7,536,918$1,966,228$1,240,420$7,060,858
53$8,262,318$2,019,207$1,238,608$7,714,447
54$9,060,342$2,073,416$1,235,369$8,432,891
55$9,938,356$2,128,872$1,230,613$9,222,757
56$10,904,474$2,185,592$1,224,243$10,091,283
57$11,967,636$2,243,592$1,216,162$11,046,444
58$13,137,695$2,302,888$1,206,263$12,097,026
59$14,425,504$2,363,494$1,194,437$13,252,710
60$15,843,025$2,425,425$1,180,570$14,524,166
61$17,403,435$2,488,692$1,164,541$15,923,149
62$19,121,257$2,553,309$1,146,224$17,462,611
63$21,012,490$2,619,287$1,125,488$19,156,827
64$23,094,767$2,686,635$1,102,195$21,021,523
65$25,387,514$2,755,361$1,076,199$23,074,030
66$27,912,140$2,825,473$1,047,351$25,333,446
67$30,692,233$2,896,976$1,015,492$27,820,815
68$33,753,787$2,969,874$980,458$30,559,325
69$37,125,444$3,044,168$942,074$33,574,531
70$40,838,766$3,119,860$900,160$36,894,589
71$44,928,533$3,196,946$854,528$40,550,528
72$49,433,069$3,275,421$804,981$44,576,542
73$54,394,605$3,355,280$751,310$49,010,309
74$59,859,678$3,436,512$693,302$53,893,350
75$65,879,567$3,519,104$630,731$59,271,419
76$72,510,784$3,603,040$563,360$65,194,935
77$79,815,596$3,688,301$490,945$71,719,461
78$87,862,624$3,774,865$413,229$78,906,222
79$96,727,482$3,862,704$329,943$86,822,691
80$106,493,496$3,951,788$240,807$95,543,218
81$117,252,488$4,042,081$145,530$105,149,737
82$129,105,642$4,133,542$43,805$115,732,537
83$142,164,460$4,226,128$0$127,391,117
84$156,551,813$4,319,787$0$140,240,648
85$172,403,103$4,414,462$0$154,400,780
86$189,867,540$4,510,091$0$170,000,949
87$209,109,548$4,606,604$0$187,187,918
88$230,310,319$4,703,925$0$206,123,412
89$253,669,525$4,801,970$0$226,985,652
90$279,407,197$4,900,648$0$249,971,033
91$307,765,809$4,999,857$0$275,295,979
92$339,012,560$5,099,488$0$303,198,985
93$373,441,900$5,199,422$0$333,942,871
94$411,378,310$5,299,530$0$367,817,259
95$453,179,362$5,399,672$0$405,141,308
96$499,239,096$5,499,695$0$446,266,730
97$549,991,739$5,599,435$0$491,581,105
98$605,915,805$5,698,716$0$541,511,543
99$667,538,610$5,797,346$0$596,528,717
100$735,441,252$5,895,120$0$657,151,301