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%15.7%
1 years$85,056$84,299$83,560$82,838$82,134$80,213
2 years$42,107$41,323$40,563$39,826$39,111$37,187
3 years$27,793$27,005$26,247$25,517$24,814$22,947
4 years$20,637$19,852$19,101$18,384$17,697$15,901
5 years$16,344$15,564$14,823$14,120$13,453$11,733
6 years$13,484$12,709$11,979$11,292$10,645$9,003
7 years$11,441$10,673$9,955$9,284$8,657$7,093
8 years$9,910$9,149$8,443$7,788$7,182$5,695
9 years$8,720$7,966$7,272$6,634$6,048$4,638
10 years$7,768$7,021$6,339$5,718$5,154$3,818
11 years$6,990$6,251$5,581$4,977$4,432$3,169
12 years$6,342$5,610$4,953$4,365$3,841$2,649
13 years$5,794$5,070$4,425$3,854$3,349$2,226
14 years$5,325$4,609$3,976$3,421$2,936$1,879
15 years$4,918$4,210$3,590$3,051$2,585$1,592
16 years$4,563$3,863$3,255$2,732$2,285$1,352
17 years$4,250$3,557$2,962$2,454$2,026$1,152
18 years$3,972$3,287$2,704$2,212$1,801$984
19 years$3,724$3,046$2,475$1,999$1,605$841
20 years$3,501$2,831$2,272$1,810$1,434$721
21 years$3,299$2,637$2,089$1,643$1,283$618
22 years$3,116$2,461$1,926$1,494$1,150$531
23 years$2,949$2,302$1,778$1,360$1,033$456
24 years$2,796$2,157$1,644$1,241$928$392
25 years$2,655$2,024$1,523$1,133$835$338
26 years$2,526$1,902$1,413$1,036$752$291
27 years$2,407$1,790$1,312$948$678$250
28 years$2,296$1,687$1,219$869$612$216
29 years$2,193$1,592$1,135$797$553$186
30 years$2,097$1,503$1,057$731$499$161
31 years$2,007$1,421$985$672$451$139
32 years$1,923$1,344$919$617$408$120
33 years$1,845$1,273$858$568$370$103
34 years$1,771$1,207$802$522$335$89
35 years$1,701$1,145$750$481$303$77
36 years$1,636$1,086$701$443$275$66
37 years$1,574$1,032$657$408$249$57
38 years$1,516$981$615$376$226$50
39 years$1,461$932$576$347$205$43
40 years$1,408$887$540$320$186$37
41 years$1,359$844$506$295$168$32
42 years$1,311$804$475$272$153$28
43 years$1,266$766$446$251$139$24
44 years$1,224$730$418$232$126$21
45 years$1,183$697$393$214$114$18
46 years$1,144$664$369$198$104$15
47 years$1,107$634$347$183$94$13
48 years$1,072$605$326$169$86$11
49 years$1,038$578$306$156$78$10
50 years$1,006$552$288$144$71$9

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 $3,324 every year, while hoping to spend $42,389 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: 30/49/21 Blend
29$1,030,000$1,030,000$1,030,000$1,030,000
30$1,138,489$1,083,899$1,067,934$1,165,087
31$1,209,513$1,091,908$1,058,608$1,193,652
32$1,286,361$1,098,889$1,047,549$1,220,334
33$1,369,582$1,104,747$1,034,654$1,248,149
34$1,459,780$1,109,381$1,019,816$1,277,223
35$1,557,619$1,112,682$1,002,921$1,307,695
36$1,663,829$1,114,536$983,852$1,339,722
37$1,779,214$1,114,822$962,485$1,373,480
38$1,904,657$1,113,412$938,691$1,409,168
39$2,041,129$1,110,166$912,335$1,447,006
40$2,189,702$1,104,941$883,275$1,487,243
41$2,351,550$1,097,582$851,364$1,530,158
42$2,527,969$1,087,925$816,446$1,576,059
43$2,720,385$1,075,797$778,360$1,625,295
44$2,930,367$1,061,013$736,937$1,678,252
45$3,159,640$1,043,378$692,000$1,735,364
46$3,410,106$1,022,686$643,364$1,797,112
47$3,683,857$998,718$590,837$1,864,033
48$3,983,197$971,242$534,217$1,936,727
49$4,310,662$940,013$473,293$2,015,861
50$4,669,047$904,770$407,845$2,102,176
51$5,061,426$865,240$337,644$2,196,500
52$5,491,185$821,131$262,449$2,299,748
53$5,962,055$772,135$182,011$2,412,944
54$6,478,143$717,928$96,066$2,537,220
55$7,043,973$658,166$4,344$2,673,837
56$7,664,527$592,484$0$2,824,192
57$8,345,292$520,500$0$3,010,799
58$9,092,314$441,806$0$3,216,820
59$9,912,249$355,974$0$3,443,262
60$10,812,432$262,550$0$3,692,316
61$11,800,942$161,057$0$3,966,406
62$12,886,677$50,988$0$4,268,214
63$14,079,441$0$0$4,600,705
64$15,390,035$0$0$5,003,930
65$16,830,356$0$0$5,477,453
66$18,413,511$0$0$5,998,114
67$20,153,941$0$0$6,570,685
68$22,067,557$0$0$7,200,422
69$24,171,885$0$0$7,893,116
70$26,486,239$0$0$8,655,151
71$29,031,894$0$0$9,493,557
72$31,832,293$0$0$10,416,081
73$34,913,267$0$0$11,431,259
74$38,303,274$0$0$12,548,497
75$42,033,670$0$0$13,778,157
76$46,139,005$0$0$15,131,658
77$50,657,349$0$0$16,621,583
78$55,630,647$0$0$18,261,794
79$61,105,118$0$0$20,067,569
80$67,131,689$0$0$22,055,740
81$73,766,478$0$0$24,244,854
82$81,071,316$0$0$26,655,349
83$89,114,339$0$0$29,309,748
84$97,970,623$0$0$32,232,864
85$107,722,896$0$0$35,452,045
86$118,462,319$0$0$38,997,422
87$130,289,340$0$0$42,902,199
88$143,314,650$0$0$47,202,966
89$157,660,219$0$0$51,940,040
90$173,460,451$0$0$57,157,850
91$190,863,452$0$0$62,905,355
92$210,032,425$0$0$69,236,503
93$231,147,212$0$0$76,210,745
94$254,405,989$0$0$83,893,591
95$280,027,136$0$0$92,357,232
96$308,251,301$0$0$101,681,219
97$339,343,664$0$0$111,953,214
98$373,596,445$0$0$123,269,819
99$411,331,663$0$0$135,737,485
100$452,904,166$0$0$149,473,519