Can I retire at age 30 with 1,030,000?

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 $1,030,000?

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$85,056$84,299$83,560$82,838$82,134$80,344
2 years$42,107$41,323$40,563$39,826$39,111$37,317
3 years$27,793$27,005$26,247$25,517$24,814$23,071
4 years$20,637$19,852$19,101$18,384$17,697$16,020
5 years$16,344$15,564$14,823$14,120$13,453$11,846
6 years$13,484$12,709$11,979$11,292$10,645$9,109
7 years$11,441$10,673$9,955$9,284$8,657$7,193
8 years$9,910$9,149$8,443$7,788$7,182$5,789
9 years$8,720$7,966$7,272$6,634$6,048$4,726
10 years$7,768$7,021$6,339$5,718$5,154$3,900
11 years$6,990$6,251$5,581$4,977$4,432$3,245
12 years$6,342$5,610$4,953$4,365$3,841$2,720
13 years$5,794$5,070$4,425$3,854$3,349$2,291
14 years$5,325$4,609$3,976$3,421$2,936$1,939
15 years$4,918$4,210$3,590$3,051$2,585$1,648
16 years$4,563$3,863$3,255$2,732$2,285$1,404
17 years$4,250$3,557$2,962$2,454$2,026$1,199
18 years$3,972$3,287$2,704$2,212$1,801$1,027
19 years$3,724$3,046$2,475$1,999$1,605$881
20 years$3,501$2,831$2,272$1,810$1,434$757
21 years$3,299$2,637$2,089$1,643$1,283$651
22 years$3,116$2,461$1,926$1,494$1,150$561
23 years$2,949$2,302$1,778$1,360$1,033$483
24 years$2,796$2,157$1,644$1,241$928$417
25 years$2,655$2,024$1,523$1,133$835$360
26 years$2,526$1,902$1,413$1,036$752$311
27 years$2,407$1,790$1,312$948$678$269
28 years$2,296$1,687$1,219$869$612$233
29 years$2,193$1,592$1,135$797$553$201
30 years$2,097$1,503$1,057$731$499$174
31 years$2,007$1,421$985$672$451$151
32 years$1,923$1,344$919$617$408$131
33 years$1,845$1,273$858$568$370$113
34 years$1,771$1,207$802$522$335$98
35 years$1,701$1,145$750$481$303$85
36 years$1,636$1,086$701$443$275$74
37 years$1,574$1,032$657$408$249$64
38 years$1,516$981$615$376$226$55
39 years$1,461$932$576$347$205$48
40 years$1,408$887$540$320$186$41
41 years$1,359$844$506$295$168$36
42 years$1,311$804$475$272$153$31
43 years$1,266$766$446$251$139$27
44 years$1,224$730$418$232$126$23
45 years$1,183$697$393$214$114$20
46 years$1,144$664$369$198$104$18
47 years$1,107$634$347$183$94$15
48 years$1,072$605$326$169$86$13
49 years$1,038$578$306$156$78$11
50 years$1,006$552$288$144$71$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,030,000, adding $6,048 every year, while hoping to spend $46,544 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: 46/35/19 Blend
29$1,030,000$1,030,000$1,030,000$1,030,000
30$1,141,299$1,086,709$1,070,744$1,187,349
31$1,208,189$1,090,435$1,057,091$1,223,872
32$1,280,341$1,092,784$1,041,421$1,258,343
33$1,358,245$1,093,639$1,023,617$1,294,765
34$1,442,434$1,092,876$1,003,557$1,333,340
35$1,533,499$1,090,363$981,113$1,374,293
36$1,632,087$1,085,962$956,151$1,417,876
37$1,738,909$1,079,523$928,531$1,464,367
38$1,854,747$1,070,889$898,107$1,514,076
39$1,980,463$1,059,895$864,725$1,567,349
40$2,117,003$1,046,362$828,226$1,624,569
41$2,265,408$1,030,104$788,442$1,686,162
42$2,426,823$1,010,922$745,198$1,752,602
43$2,602,508$988,607$698,311$1,824,415
44$2,793,849$962,934$647,590$1,902,183
45$3,002,373$933,669$592,835$1,986,556
46$3,229,758$900,562$533,838$2,078,251
47$3,477,852$863,348$470,381$2,178,067
48$3,748,689$821,749$402,235$2,286,885
49$4,044,510$775,468$329,164$2,405,688
50$4,367,777$724,194$250,918$2,535,561
51$4,721,206$667,595$167,240$2,677,707
52$5,107,784$605,322$77,857$2,833,460
53$5,530,800$537,005$0$3,004,297
54$5,993,878$462,255$0$3,195,407
55$6,501,007$380,658$0$3,422,121
56$7,056,579$291,780$0$3,670,706
57$7,665,432$195,159$0$3,943,445
58$8,332,894$90,310$0$4,242,860
59$9,064,833$0$0$4,571,736
60$9,867,712$0$0$4,942,116
61$10,748,651$0$0$5,386,791
62$11,715,490$0$0$5,874,951
63$12,776,867$0$0$6,410,972
64$13,942,295$0$0$6,999,676
65$15,222,256$0$0$7,646,373
66$16,628,295$0$0$8,356,915
67$18,173,132$0$0$9,137,746
68$19,870,777$0$0$9,995,967
69$21,736,668$0$0$10,939,401
70$23,787,810$0$0$11,976,667
71$26,042,940$0$0$13,117,259
72$28,522,700$0$0$14,371,639
73$31,249,831$0$0$15,751,333
74$34,249,392$0$0$17,269,041
75$37,548,987$0$0$18,938,753
76$41,179,036$0$0$20,775,886
77$45,173,051$0$0$22,797,427
78$49,567,959$0$0$25,022,090
79$54,404,446$0$0$27,470,498
80$59,727,342$0$0$30,165,372
81$65,586,043$0$0$33,131,749
82$72,034,977$0$0$36,397,216
83$79,134,116$0$0$39,992,170
84$86,949,541$0$0$43,950,107
85$95,554,067$0$0$48,307,934
86$105,027,930$0$0$53,106,318
87$115,459,537$0$0$58,390,074
88$126,946,309$0$0$64,208,580
89$139,595,594$0$0$70,616,250
90$153,525,680$0$0$77,673,041
91$168,866,912$0$0$85,445,025
92$185,762,920$0$0$94,005,004
93$204,371,976$0$0$103,433,206
94$224,868,485$0$0$113,818,034
95$247,444,630$0$0$125,256,906
96$272,312,189$0$0$137,857,171
97$299,704,527$0$0$151,737,120
98$329,878,803$0$0$167,027,107
99$363,118,394$0$0$183,870,776
100$399,735,569$0$0$202,426,417