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

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$84,231$83,480$82,748$82,034$81,336$79,532
2 years$41,698$40,922$40,169$39,439$38,732$36,923
3 years$27,523$26,743$25,992$25,269$24,573$22,816
4 years$20,436$19,659$18,916$18,205$17,526$15,835
5 years$16,186$15,413$14,679$13,983$13,323$11,703
6 years$13,353$12,586$11,863$11,182$10,542$8,994
7 years$11,330$10,569$9,858$9,194$8,573$7,098
8 years$9,814$9,060$8,361$7,712$7,112$5,709
9 years$8,635$7,888$7,201$6,569$5,990$4,658
10 years$7,692$6,953$6,278$5,663$5,103$3,841
11 years$6,922$6,190$5,527$4,928$4,389$3,195
12 years$6,280$5,556$4,905$4,323$3,804$2,675
13 years$5,738$5,021$4,382$3,816$3,317$2,253
14 years$5,273$4,564$3,938$3,388$2,907$1,905
15 years$4,871$4,169$3,555$3,021$2,560$1,617
16 years$4,519$3,825$3,223$2,705$2,262$1,377
17 years$4,209$3,523$2,933$2,431$2,006$1,176
18 years$3,934$3,255$2,677$2,190$1,784$1,006
19 years$3,688$3,017$2,451$1,979$1,590$862
20 years$3,467$2,803$2,249$1,793$1,420$740
21 years$3,267$2,611$2,069$1,627$1,271$636
22 years$3,085$2,438$1,907$1,479$1,139$548
23 years$2,920$2,280$1,761$1,347$1,023$472
24 years$2,769$2,136$1,628$1,229$919$407
25 years$2,630$2,005$1,508$1,122$827$351
26 years$2,502$1,884$1,399$1,026$745$303
27 years$2,383$1,773$1,299$939$672$262
28 years$2,273$1,671$1,208$860$606$226
29 years$2,171$1,576$1,124$789$547$195
30 years$2,076$1,488$1,047$724$494$169
31 years$1,988$1,407$976$665$447$146
32 years$1,905$1,331$910$611$404$126
33 years$1,827$1,261$850$562$366$109
34 years$1,754$1,195$794$517$331$95
35 years$1,685$1,133$743$476$300$82
36 years$1,620$1,076$695$438$272$71
37 years$1,559$1,022$650$404$246$61
38 years$1,501$971$609$372$223$53
39 years$1,446$923$570$343$203$46
40 years$1,395$879$535$317$184$40
41 years$1,345$836$501$292$167$35
42 years$1,299$796$470$270$151$30
43 years$1,254$759$441$249$137$26
44 years$1,212$723$414$230$125$22
45 years$1,172$690$389$212$113$19
46 years$1,133$658$365$196$103$17
47 years$1,097$628$343$181$93$15
48 years$1,061$599$323$167$85$13
49 years$1,028$572$303$155$77$11
50 years$996$547$285$143$70$10

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 $6,967 every year, while hoping to spend $48,547 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: 66/25/9 Blend
29$1,020,000$1,020,000$1,020,000$1,020,000
30$1,131,226$1,077,166$1,061,356$1,203,379
31$1,194,958$1,078,294$1,045,258$1,253,390
32$1,263,563$1,077,850$1,026,994$1,301,607
33$1,337,487$1,075,705$1,006,439$1,353,038
34$1,417,221$1,071,725$983,464$1,407,991
35$1,503,301$1,065,763$957,934$1,466,809
36$1,596,320$1,057,667$929,707$1,529,867
37$1,696,926$1,047,275$898,634$1,597,581
38$1,805,835$1,034,414$864,561$1,670,412
39$1,923,831$1,018,900$827,324$1,748,868
40$2,051,777$1,000,542$786,755$1,833,510
41$2,190,622$979,133$742,675$1,924,958
42$2,341,411$954,456$694,900$2,023,897
43$2,505,292$926,281$643,236$2,131,086
44$2,683,528$894,365$587,481$2,247,359
45$2,877,509$858,450$527,423$2,373,642
46$3,088,764$818,263$462,841$2,510,953
47$3,318,977$773,516$393,504$2,660,421
48$3,569,998$723,905$319,173$2,823,290
49$3,843,867$669,105$239,594$3,000,935
50$4,142,827$608,777$154,506$3,194,874
51$4,469,349$542,560$63,635$3,406,784
52$4,826,149$470,072$0$3,638,515
53$5,216,223$390,912$0$3,895,314
54$5,642,865$304,654$0$4,182,964
55$6,109,704$210,849$0$4,497,871
56$6,620,735$109,022$0$4,842,814
57$7,180,359$0$0$5,220,864
58$7,793,420$0$0$5,635,769
59$8,465,254$0$0$6,123,383
60$9,201,737$0$0$6,657,985
61$10,009,343$0$0$7,244,282
62$10,895,198$0$0$7,887,457
63$11,867,156$0$0$8,593,221
64$12,933,863$0$0$9,367,861
65$14,104,846$0$0$10,218,306
66$15,390,600$0$0$11,152,187
67$16,802,682$0$0$12,177,909
68$18,353,828$0$0$13,304,733
69$20,058,064$0$0$14,542,861
70$21,930,845$0$0$15,903,530
71$23,989,196$0$0$17,399,123
72$26,251,873$0$0$19,043,279
73$28,739,540$0$0$20,851,026
74$31,474,963$0$0$22,838,922
75$34,483,225$0$0$25,025,208
76$37,791,961$0$0$27,429,981
77$41,431,619$0$0$30,075,386
78$45,435,745$0$0$32,985,819
79$49,841,303$0$0$36,188,163
80$54,689,017$0$0$39,712,037
81$60,023,761$0$0$43,590,075
82$65,894,978$0$0$47,858,236
83$72,357,146$0$0$52,556,142
84$79,470,292$0$0$57,727,451
85$87,300,561$0$0$63,420,265
86$95,920,831$0$0$69,687,593
87$105,411,412$0$0$76,587,839
88$115,860,791$0$0$84,185,362
89$127,366,476$0$0$92,551,077
90$140,035,908$0$0$101,763,128
91$153,987,482$0$0$111,907,621
92$169,351,655$0$0$123,079,439
93$186,272,183$0$0$135,383,135
94$204,907,475$0$0$148,933,921
95$225,432,086$0$0$163,858,750
96$248,038,365$0$0$180,297,520
97$272,938,269$0$0$198,404,387
98$300,365,363$0$0$218,349,225
99$330,577,023$0$0$240,319,226
100$363,856,865$0$0$264,520,665