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%15.2%
1 years$84,231$83,480$82,748$82,034$81,336$79,596
2 years$41,698$40,922$40,169$39,439$38,732$36,987
3 years$27,523$26,743$25,992$25,269$24,573$22,878
4 years$20,436$19,659$18,916$18,205$17,526$15,894
5 years$16,186$15,413$14,679$13,983$13,323$11,759
6 years$13,353$12,586$11,863$11,182$10,542$9,047
7 years$11,330$10,569$9,858$9,194$8,573$7,148
8 years$9,814$9,060$8,361$7,712$7,112$5,756
9 years$8,635$7,888$7,201$6,569$5,990$4,702
10 years$7,692$6,953$6,278$5,663$5,103$3,882
11 years$6,922$6,190$5,527$4,928$4,389$3,233
12 years$6,280$5,556$4,905$4,323$3,804$2,711
13 years$5,738$5,021$4,382$3,816$3,317$2,286
14 years$5,273$4,564$3,938$3,388$2,907$1,936
15 years$4,871$4,169$3,555$3,021$2,560$1,646
16 years$4,519$3,825$3,223$2,705$2,262$1,403
17 years$4,209$3,523$2,933$2,431$2,006$1,200
18 years$3,934$3,255$2,677$2,190$1,784$1,028
19 years$3,688$3,017$2,451$1,979$1,590$883
20 years$3,467$2,803$2,249$1,793$1,420$759
21 years$3,267$2,611$2,069$1,627$1,271$653
22 years$3,085$2,438$1,907$1,479$1,139$563
23 years$2,920$2,280$1,761$1,347$1,023$486
24 years$2,769$2,136$1,628$1,229$919$419
25 years$2,630$2,005$1,508$1,122$827$362
26 years$2,502$1,884$1,399$1,026$745$313
27 years$2,383$1,773$1,299$939$672$271
28 years$2,273$1,671$1,208$860$606$235
29 years$2,171$1,576$1,124$789$547$203
30 years$2,076$1,488$1,047$724$494$176
31 years$1,988$1,407$976$665$447$152
32 years$1,905$1,331$910$611$404$132
33 years$1,827$1,261$850$562$366$115
34 years$1,754$1,195$794$517$331$99
35 years$1,685$1,133$743$476$300$86
36 years$1,620$1,076$695$438$272$75
37 years$1,559$1,022$650$404$246$65
38 years$1,501$971$609$372$223$56
39 years$1,446$923$570$343$203$49
40 years$1,395$879$535$317$184$42
41 years$1,345$836$501$292$167$37
42 years$1,299$796$470$270$151$32
43 years$1,254$759$441$249$137$28
44 years$1,212$723$414$230$125$24
45 years$1,172$690$389$212$113$21
46 years$1,133$658$365$196$103$18
47 years$1,097$628$343$181$93$16
48 years$1,061$599$323$167$85$14
49 years$1,028$572$303$155$77$12
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 $3,957 every year, while hoping to spend $36,398 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: 60/17/23 Blend
29$1,020,000$1,020,000$1,020,000$1,020,000
30$1,128,122$1,074,062$1,058,252$1,188,688
31$1,204,463$1,087,963$1,054,976$1,244,172
32$1,287,371$1,101,327$1,050,370$1,300,373
33$1,377,477$1,114,086$1,044,352$1,360,893
34$1,475,477$1,126,173$1,036,835$1,426,159
35$1,582,133$1,137,513$1,027,727$1,496,641
36$1,698,287$1,148,028$1,016,932$1,572,858
37$1,824,865$1,157,634$1,004,352$1,655,384
38$1,962,884$1,166,240$989,880$1,744,850
39$2,113,465$1,173,753$973,408$1,841,956
40$2,277,842$1,180,071$954,821$1,947,471
41$2,457,373$1,185,085$933,998$2,062,246
42$2,653,552$1,188,682$910,815$2,187,219
43$2,868,026$1,190,739$885,139$2,323,425
44$3,102,607$1,191,127$856,833$2,472,007
45$3,359,289$1,189,708$825,752$2,634,225
46$3,640,269$1,186,336$791,748$2,811,470
47$3,947,966$1,180,857$754,662$3,005,277
48$4,285,046$1,173,106$714,329$3,217,339
49$4,654,440$1,162,908$670,579$3,449,524
50$5,059,381$1,150,078$623,231$3,703,893
51$5,503,426$1,134,420$572,098$3,982,719
52$5,990,496$1,115,727$516,984$4,288,510
53$6,524,907$1,093,778$457,683$4,624,033
54$7,111,415$1,068,341$393,983$4,992,340
55$7,755,256$1,039,167$325,659$5,396,797
56$8,462,202$1,005,996$252,478$5,841,117
57$9,238,607$968,550$174,196$6,329,395
58$10,091,474$926,537$90,560$6,866,149
59$11,028,514$879,648$1,304$7,456,359
60$12,058,225$827,553$0$8,105,520
61$13,189,968$769,908$0$8,842,747
62$14,434,056$706,344$0$9,653,507
63$15,801,850$636,475$0$10,544,920
64$17,305,869$559,892$0$11,525,192
65$18,959,902$476,161$0$12,603,362
66$20,779,144$384,826$0$13,789,396
67$22,780,338$285,403$0$15,094,275
68$24,981,927$177,383$0$16,530,105
69$27,404,236$60,227$0$18,110,226
70$30,069,656$0$0$19,849,342
71$33,002,859$0$0$21,776,125
72$36,231,031$0$0$23,909,163
73$39,784,126$0$0$26,256,996
74$43,695,149$0$0$28,841,443
75$48,000,468$0$0$31,686,551
76$52,740,153$0$0$34,818,814
77$57,958,361$0$0$38,267,424
78$63,703,746$0$0$42,064,551
79$70,029,920$0$0$46,245,642
80$76,995,957$0$0$50,849,754
81$84,666,954$0$0$55,919,929
82$93,114,642$0$0$61,503,591
83$102,418,061$0$0$67,653,002
84$112,664,309$0$0$74,425,747
85$123,949,362$0$0$81,885,286
86$136,378,979$0$0$90,101,542
87$150,069,700$0$0$99,151,572
88$165,149,947$0$0$109,120,284
89$181,761,233$0$0$120,101,245
90$200,059,500$0$0$132,197,562
91$220,216,585$0$0$145,522,851
92$242,421,851$0$0$160,202,315
93$266,883,964$0$0$176,373,923
94$293,832,867$0$0$194,189,711
95$323,521,951$0$0$213,817,217
96$356,230,442$0$0$235,441,063
97$392,266,041$0$0$259,264,698
98$431,967,824$0$0$285,512,316
99$475,709,444$0$0$314,430,974
100$523,902,658$0$0$346,292,922