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%14%
1 years$85,882$85,117$84,371$83,642$82,931$81,557
2 years$42,516$41,724$40,957$40,213$39,491$38,111
3 years$28,062$27,267$26,502$25,765$25,055$23,711
4 years$20,837$20,044$19,286$18,562$17,869$16,573
5 years$16,503$15,715$14,967$14,257$13,584$12,338
6 years$13,615$12,832$12,096$11,402$10,748$9,555
7 years$11,552$10,777$10,052$9,374$8,741$7,601
8 years$10,006$9,238$8,524$7,864$7,252$6,163
9 years$8,804$8,043$7,342$6,698$6,107$5,070
10 years$7,843$7,089$6,401$5,774$5,204$4,218
11 years$7,058$6,311$5,635$5,025$4,475$3,539
12 years$6,403$5,665$5,001$4,408$3,878$2,991
13 years$5,850$5,119$4,468$3,891$3,382$2,542
14 years$5,376$4,653$4,015$3,454$2,964$2,170
15 years$4,966$4,251$3,625$3,081$2,610$1,860
16 years$4,608$3,900$3,286$2,758$2,307$1,600
17 years$4,292$3,592$2,991$2,478$2,045$1,380
18 years$4,011$3,319$2,730$2,233$1,819$1,192
19 years$3,760$3,076$2,499$2,018$1,621$1,033
20 years$3,535$2,858$2,294$1,828$1,448$896
21 years$3,331$2,662$2,110$1,659$1,296$778
22 years$3,146$2,485$1,944$1,508$1,161$677
23 years$2,977$2,324$1,795$1,374$1,043$590
24 years$2,823$2,178$1,660$1,253$937$514
25 years$2,681$2,044$1,538$1,144$843$448
26 years$2,551$1,921$1,426$1,046$760$391
27 years$2,430$1,808$1,324$958$685$342
28 years$2,318$1,703$1,231$877$618$299
29 years$2,214$1,607$1,146$805$558$261
30 years$2,117$1,518$1,067$738$504$229
31 years$2,027$1,435$995$678$456$200
32 years$1,942$1,357$928$623$412$175
33 years$1,862$1,286$867$573$373$153
34 years$1,788$1,218$810$527$338$134
35 years$1,718$1,156$757$485$306$118
36 years$1,652$1,097$708$447$277$103
37 years$1,589$1,042$663$412$251$90
38 years$1,530$990$621$380$228$79
39 years$1,475$941$582$350$207$69
40 years$1,422$896$545$323$187$61
41 years$1,372$853$511$298$170$53
42 years$1,324$812$480$275$154$47
43 years$1,279$774$450$254$140$41
44 years$1,236$738$422$234$127$36
45 years$1,195$703$397$216$115$31
46 years$1,155$671$372$200$105$28
47 years$1,118$640$350$185$95$24
48 years$1,082$611$329$171$86$21
49 years$1,048$584$309$158$78$19
50 years$1,015$558$291$146$71$16

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 $5,633 every year, while hoping to spend $30,294 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: 63/7/30 Blend
29$1,040,000$1,040,000$1,040,000$1,040,000
30$1,151,890$1,096,770$1,080,650$1,214,851
31$1,237,151$1,118,280$1,084,620$1,279,812
32$1,330,092$1,139,827$1,087,706$1,346,955
33$1,431,466$1,161,384$1,089,849$1,419,664
34$1,542,100$1,182,916$1,090,984$1,498,490
35$1,662,905$1,204,389$1,091,042$1,584,041
36$1,794,882$1,225,765$1,089,953$1,676,988
37$1,939,135$1,247,002$1,087,641$1,778,073
38$2,096,879$1,268,058$1,084,029$1,888,109
39$2,269,451$1,288,883$1,079,035$2,007,998
40$2,458,324$1,309,428$1,072,572$2,138,731
41$2,665,120$1,329,637$1,064,550$2,281,402
42$2,891,625$1,349,452$1,054,875$2,437,219
43$3,139,806$1,368,809$1,043,448$2,607,510
44$3,411,827$1,387,642$1,030,165$2,793,742
45$3,710,075$1,405,878$1,014,917$2,997,534
46$4,037,177$1,423,441$997,591$3,220,667
47$4,396,027$1,440,247$978,068$3,465,109
48$4,789,812$1,456,209$956,224$3,733,027
49$5,222,043$1,471,233$931,927$4,026,811
50$5,696,586$1,485,219$905,042$4,349,097
51$6,217,703$1,498,060$875,426$4,702,790
52$6,790,086$1,509,642$842,930$5,091,095
53$7,418,905$1,519,844$807,398$5,517,542
54$8,109,854$1,528,538$768,666$5,986,026
55$8,869,208$1,535,585$726,566$6,500,841
56$9,703,879$1,540,840$680,917$7,066,718
57$10,621,481$1,544,149$631,535$7,688,876
58$11,630,405$1,545,345$578,224$8,373,067
59$12,739,894$1,544,254$520,782$9,125,633
60$13,960,131$1,540,690$458,996$9,953,564
61$15,302,336$1,534,455$392,644$10,864,568
62$16,778,871$1,525,341$321,495$11,867,138
63$18,403,358$1,513,125$245,307$12,970,642
64$20,190,803$1,497,570$163,827$14,185,401
65$22,157,742$1,478,428$76,793$15,522,798
66$24,322,395$1,455,434$0$16,995,374
67$26,704,836$1,428,307$0$18,622,110
68$29,327,184$1,396,749$0$20,439,664
69$32,213,814$1,360,447$0$22,440,327
70$35,391,580$1,319,066$0$24,642,718
71$38,890,075$1,272,254$0$27,067,355
72$42,741,906$1,219,638$0$29,736,848
73$46,983,003$1,160,823$0$32,676,112
74$51,652,957$1,095,390$0$35,912,602
75$56,795,393$1,022,899$0$39,476,571
76$62,458,383$942,881$0$43,401,360
77$68,694,899$854,843$0$47,723,706
78$75,563,310$758,262$0$52,484,096
79$83,127,938$652,587$0$57,727,141
80$91,459,659$537,235$0$63,502,006
81$100,636,575$411,590$0$69,862,868
82$110,744,749$275,002$0$76,869,427
83$121,879,019$126,782$0$84,587,474
84$134,143,891$0$0$93,089,510
85$147,654,526$0$0$102,458,031
86$162,537,827$0$0$112,789,255
87$178,933,634$0$0$124,170,499
88$196,996,048$0$0$136,708,747
89$216,894,880$0$0$150,521,892
90$238,817,258$0$0$165,739,846
91$262,969,390$0$0$182,505,770
92$289,578,511$0$0$200,977,424
93$318,895,030$0$0$221,328,651
94$351,194,889$0$0$243,751,028
95$386,782,168$0$0$268,455,662
96$425,991,961$0$0$295,675,193
97$469,193,530$0$0$325,665,984
98$516,793,795$0$0$358,710,540
99$569,241,178$0$0$395,120,180
100$627,029,828$0$0$435,237,970