Can I retire at age 30 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$85,882$85,117$84,371$83,642$82,931$80,052
2 years$42,516$41,724$40,957$40,213$39,491$36,620
3 years$28,062$27,267$26,502$25,765$25,055$22,283
4 years$20,837$20,044$19,286$18,562$17,869$15,217
5 years$16,503$15,715$14,967$14,257$13,584$11,058
6 years$13,615$12,832$12,096$11,402$10,748$8,351
7 years$11,552$10,777$10,052$9,374$8,741$6,472
8 years$10,006$9,238$8,524$7,864$7,252$5,109
9 years$8,804$8,043$7,342$6,698$6,107$4,088
10 years$7,843$7,089$6,401$5,774$5,204$3,304
11 years$7,058$6,311$5,635$5,025$4,475$2,692
12 years$6,403$5,665$5,001$4,408$3,878$2,208
13 years$5,850$5,119$4,468$3,891$3,382$1,819
14 years$5,376$4,653$4,015$3,454$2,964$1,505
15 years$4,966$4,251$3,625$3,081$2,610$1,249
16 years$4,608$3,900$3,286$2,758$2,307$1,040
17 years$4,292$3,592$2,991$2,478$2,045$867
18 years$4,011$3,319$2,730$2,233$1,819$724
19 years$3,760$3,076$2,499$2,018$1,621$606
20 years$3,535$2,858$2,294$1,828$1,448$508
21 years$3,331$2,662$2,110$1,659$1,296$426
22 years$3,146$2,485$1,944$1,508$1,161$358
23 years$2,977$2,324$1,795$1,374$1,043$300
24 years$2,823$2,178$1,660$1,253$937$252
25 years$2,681$2,044$1,538$1,144$843$212
26 years$2,551$1,921$1,426$1,046$760$179
27 years$2,430$1,808$1,324$958$685$150
28 years$2,318$1,703$1,231$877$618$127
29 years$2,214$1,607$1,146$805$558$107
30 years$2,117$1,518$1,067$738$504$90
31 years$2,027$1,435$995$678$456$76
32 years$1,942$1,357$928$623$412$64
33 years$1,862$1,286$867$573$373$54
34 years$1,788$1,218$810$527$338$45
35 years$1,718$1,156$757$485$306$38
36 years$1,652$1,097$708$447$277$32
37 years$1,589$1,042$663$412$251$27
38 years$1,530$990$621$380$228$23
39 years$1,475$941$582$350$207$19
40 years$1,422$896$545$323$187$16
41 years$1,372$853$511$298$170$14
42 years$1,324$812$480$275$154$12
43 years$1,279$774$450$254$140$10
44 years$1,236$738$422$234$127$8
45 years$1,195$703$397$216$115$7
46 years$1,155$671$372$200$105$6
47 years$1,118$640$350$185$95$5
48 years$1,082$611$329$171$86$4
49 years$1,048$584$309$158$78$3
50 years$1,015$558$291$146$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,040,000, adding $2,233 every year, while hoping to spend $50,194 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: 53/24/23 Blend
29$1,040,000$1,040,000$1,040,000$1,040,000
30$1,148,383$1,093,263$1,077,143$1,201,838
31$1,212,112$1,093,427$1,059,822$1,239,079
32$1,280,660$1,091,917$1,040,237$1,274,203
33$1,354,463$1,088,597$1,018,262$1,311,377
34$1,434,005$1,083,325$993,760$1,350,814
35$1,519,814$1,075,948$966,591$1,392,752
36$1,612,470$1,066,305$936,607$1,437,454
37$1,712,613$1,054,225$903,655$1,485,214
38$1,820,945$1,039,527$867,572$1,536,357
39$1,938,236$1,022,018$828,190$1,591,247
40$2,065,334$1,001,496$785,333$1,650,284
41$2,203,173$977,744$738,817$1,713,917
42$2,352,777$950,534$688,448$1,782,640
43$2,515,275$919,625$634,025$1,857,004
44$2,691,907$884,760$575,339$1,937,620
45$2,884,037$845,669$512,168$2,025,163
46$3,093,168$802,066$444,285$2,120,385
47$3,320,951$753,647$371,449$2,224,118
48$3,569,205$700,093$293,409$2,337,283
49$3,839,931$641,064$209,905$2,460,902
50$4,135,330$576,203$120,664$2,596,107
51$4,457,828$505,131$25,400$2,744,150
52$4,810,093$427,448$0$2,906,419
53$5,195,061$342,732$0$3,103,167
54$5,615,969$250,537$0$3,325,244
55$6,076,375$150,392$0$3,568,373
56$6,580,202$41,797$0$3,834,717
57$7,131,767$0$0$4,126,665
58$7,735,823$0$0$4,466,864
59$8,397,606$0$0$4,851,769
60$9,122,882$0$0$5,273,706
61$9,918,000$0$0$5,736,383
62$10,789,956$0$0$6,243,883
63$11,746,450$0$0$6,800,703
64$12,795,969$0$0$7,411,797
65$13,947,857$0$0$8,082,622
66$15,212,409$0$0$8,819,187
67$16,600,964$0$0$9,628,115
68$18,126,014$0$0$10,516,698
69$19,801,318$0$0$11,492,972
70$21,642,038$0$0$12,565,789
71$23,664,871$0$0$13,744,899
72$25,888,217$0$0$15,041,047
73$28,332,344$0$0$16,466,069
74$31,019,584$0$0$18,033,004
75$33,974,538$0$0$19,756,219
76$37,224,312$0$0$21,651,544
77$40,798,772$0$0$23,736,417
78$44,730,820$0$0$26,030,055
79$49,056,709$0$0$28,553,628
80$53,816,385$0$0$31,330,464
81$59,053,859$0$0$34,386,264
82$64,817,623$0$0$37,749,349
83$71,161,110$0$0$41,450,923
84$78,143,193$0$0$45,525,368
85$85,828,744$0$0$50,010,570
86$94,289,241$0$0$54,948,274
87$103,603,447$0$0$60,384,476
88$113,858,149$0$0$66,369,863
89$125,148,975$0$0$72,960,284
90$137,581,300$0$0$80,217,280
91$151,271,237$0$0$88,208,663
92$166,346,732$0$0$97,009,158
93$182,948,771$0$0$106,701,105
94$201,232,710$0$0$117,375,235
95$221,369,740$0$0$129,131,532
96$243,548,504$0$0$142,080,168
97$267,976,871$0$0$156,342,547
98$294,883,904$0$0$172,052,450
99$324,522,016$0$0$189,357,296
100$357,169,354$0$0$208,419,535