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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$85,056$84,299$83,560$82,838$82,134$79,954
2 years$42,107$41,323$40,563$39,826$39,111$36,930
3 years$27,793$27,005$26,247$25,517$24,814$22,700
4 years$20,637$19,852$19,101$18,384$17,697$15,667
5 years$16,344$15,564$14,823$14,120$13,453$11,512
6 years$13,484$12,709$11,979$11,292$10,645$8,794
7 years$11,441$10,673$9,955$9,284$8,657$6,898
8 years$9,910$9,149$8,443$7,788$7,182$5,512
9 years$8,720$7,966$7,272$6,634$6,048$4,467
10 years$7,768$7,021$6,339$5,718$5,154$3,659
11 years$6,990$6,251$5,581$4,977$4,432$3,022
12 years$6,342$5,610$4,953$4,365$3,841$2,513
13 years$5,794$5,070$4,425$3,854$3,349$2,100
14 years$5,325$4,609$3,976$3,421$2,936$1,763
15 years$4,918$4,210$3,590$3,051$2,585$1,485
16 years$4,563$3,863$3,255$2,732$2,285$1,255
17 years$4,250$3,557$2,962$2,454$2,026$1,063
18 years$3,972$3,287$2,704$2,212$1,801$902
19 years$3,724$3,046$2,475$1,999$1,605$767
20 years$3,501$2,831$2,272$1,810$1,434$653
21 years$3,299$2,637$2,089$1,643$1,283$556
22 years$3,116$2,461$1,926$1,494$1,150$475
23 years$2,949$2,302$1,778$1,360$1,033$405
24 years$2,796$2,157$1,644$1,241$928$347
25 years$2,655$2,024$1,523$1,133$835$296
26 years$2,526$1,902$1,413$1,036$752$254
27 years$2,407$1,790$1,312$948$678$217
28 years$2,296$1,687$1,219$869$612$186
29 years$2,193$1,592$1,135$797$553$159
30 years$2,097$1,503$1,057$731$499$136
31 years$2,007$1,421$985$672$451$117
32 years$1,923$1,344$919$617$408$100
33 years$1,845$1,273$858$568$370$86
34 years$1,771$1,207$802$522$335$74
35 years$1,701$1,145$750$481$303$63
36 years$1,636$1,086$701$443$275$54
37 years$1,574$1,032$657$408$249$47
38 years$1,516$981$615$376$226$40
39 years$1,461$932$576$347$205$34
40 years$1,408$887$540$320$186$29
41 years$1,359$844$506$295$168$25
42 years$1,311$804$475$272$153$22
43 years$1,266$766$446$251$139$19
44 years$1,224$730$418$232$126$16
45 years$1,183$697$393$214$114$14
46 years$1,144$664$369$198$104$12
47 years$1,107$634$347$183$94$10
48 years$1,072$605$326$169$86$9
49 years$1,038$578$306$156$78$7
50 years$1,006$552$288$144$71$6

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 $4,946 every year, while hoping to spend $47,078 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: 41/42/17 Blend
29$1,030,000$1,030,000$1,030,000$1,030,000
30$1,140,162$1,085,572$1,069,607$1,181,006
31$1,206,368$1,088,674$1,055,348$1,213,539
32$1,277,749$1,090,351$1,039,034$1,243,771
33$1,354,783$1,090,482$1,020,545$1,275,496
34$1,437,996$1,088,941$999,759$1,308,877
35$1,527,965$1,085,592$976,544$1,344,091
36$1,625,325$1,080,293$950,765$1,381,338
37$1,730,772$1,072,892$922,281$1,420,841
38$1,845,075$1,063,228$890,941$1,462,851
39$1,969,077$1,051,130$856,591$1,507,645
40$2,103,704$1,036,417$819,069$1,555,535
41$2,249,977$1,018,897$778,203$1,606,868
42$2,409,019$998,367$733,817$1,662,029
43$2,582,064$974,611$685,724$1,721,449
44$2,770,469$947,403$633,731$1,785,608
45$2,975,731$916,499$577,635$1,855,039
46$3,199,494$881,646$517,224$1,930,336
47$3,443,568$842,572$452,277$2,012,159
48$3,709,946$798,993$382,562$2,101,241
49$4,000,821$750,604$307,839$2,198,399
50$4,318,608$697,087$227,855$2,304,538
51$4,665,965$638,103$142,347$2,420,664
52$5,045,819$573,295$51,041$2,547,894
53$5,461,391$502,285$0$2,687,467
54$5,916,230$424,674$0$2,849,175
55$6,414,242$340,040$0$3,036,552
56$6,959,731$247,938$0$3,242,079
57$7,557,432$147,896$0$3,467,687
58$8,212,566$39,418$0$3,715,516
59$8,930,878$0$0$3,987,931
60$9,718,697$0$0$4,323,604
61$10,582,996$0$0$4,711,985
62$11,531,452$0$0$5,138,324
63$12,572,523$0$0$5,606,439
64$13,715,528$0$0$6,120,537
65$14,970,728$0$0$6,685,255
66$16,349,429$0$0$7,305,697
67$17,864,085$0$0$7,987,488
68$19,528,418$0$0$8,736,825
69$21,357,542$0$0$9,560,535
70$23,368,109$0$0$10,466,138
71$25,578,465$0$0$11,461,922
72$28,008,822$0$0$12,557,015
73$30,681,447$0$0$13,761,476
74$33,620,876$0$0$15,086,387
75$36,854,140$0$0$16,543,958
76$40,411,020$0$0$18,147,642
77$44,324,331$0$0$19,912,262
78$48,630,228$0$0$21,854,150
79$53,368,549$0$0$23,991,302
80$58,583,187$0$0$26,343,547
81$64,322,505$0$0$28,932,733
82$70,639,795$0$0$31,782,933
83$77,593,775$0$0$34,920,673
84$85,249,146$0$0$38,375,184
85$93,677,199$0$0$42,178,671
86$102,956,493$0$0$46,366,625
87$113,173,587$0$0$50,978,150
88$124,423,864$0$0$56,056,339
89$136,812,426$0$0$61,648,672
90$150,455,088$0$0$67,807,473
91$165,479,467$0$0$74,590,396
92$182,026,187$0$0$82,060,975
93$200,250,210$0$0$90,289,217
94$220,322,290$0$0$99,352,267
95$242,430,588$0$0$109,335,135
96$266,782,448$0$0$120,331,497
97$293,606,352$0$0$132,444,580
98$323,154,076$0$0$145,788,134
99$355,703,063$0$0$160,487,509
100$391,559,047$0$0$176,680,832