Can I retire at age 30 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$86,708$85,936$85,182$84,447$83,728$82,682
2 years$42,925$42,125$41,351$40,599$39,871$38,818
3 years$28,332$27,529$26,757$26,012$25,296$24,269
4 years$21,037$20,237$19,472$18,740$18,041$17,049
5 years$16,662$15,866$15,111$14,394$13,715$12,759
6 years$13,745$12,956$12,212$11,511$10,852$9,935
7 years$11,663$10,880$10,148$9,464$8,825$7,947
8 years$10,102$9,326$8,606$7,939$7,322$6,481
9 years$8,889$8,120$7,413$6,762$6,166$5,364
10 years$7,919$7,158$6,463$5,829$5,254$4,489
11 years$7,125$6,372$5,690$5,073$4,518$3,790
12 years$6,465$5,719$5,049$4,450$3,915$3,223
13 years$5,906$5,168$4,511$3,929$3,414$2,757
14 years$5,428$4,698$4,053$3,487$2,993$2,370
15 years$5,014$4,292$3,660$3,110$2,635$2,046
16 years$4,652$3,938$3,318$2,785$2,329$1,772
17 years$4,333$3,626$3,019$2,502$2,065$1,539
18 years$4,049$3,351$2,756$2,255$1,836$1,340
19 years$3,796$3,106$2,523$2,037$1,637$1,169
20 years$3,569$2,886$2,316$1,845$1,462$1,021
21 years$3,363$2,688$2,130$1,675$1,308$894
22 years$3,176$2,509$1,963$1,523$1,173$784
23 years$3,006$2,347$1,813$1,387$1,053$688
24 years$2,850$2,199$1,676$1,265$946$604
25 years$2,707$2,063$1,553$1,155$851$531
26 years$2,575$1,939$1,440$1,056$767$468
27 years$2,453$1,825$1,337$967$691$412
28 years$2,340$1,720$1,243$886$624$363
29 years$2,235$1,622$1,157$812$563$320
30 years$2,137$1,532$1,077$745$509$282
31 years$2,046$1,448$1,004$685$460$249
32 years$1,961$1,371$937$629$416$220
33 years$1,880$1,298$875$579$377$194
34 years$1,805$1,230$818$532$341$171
35 years$1,734$1,167$764$490$309$151
36 years$1,668$1,107$715$451$280$134
37 years$1,605$1,052$669$416$254$118
38 years$1,545$1,000$627$383$230$104
39 years$1,489$951$587$353$209$92
40 years$1,436$904$550$326$189$82
41 years$1,385$861$516$301$172$72
42 years$1,337$820$484$278$156$64
43 years$1,291$781$454$256$141$56
44 years$1,248$745$426$237$128$50
45 years$1,206$710$400$218$116$44
46 years$1,167$677$376$202$106$39
47 years$1,129$646$353$186$96$35
48 years$1,093$617$332$172$87$31
49 years$1,058$589$312$159$79$27
50 years$1,025$563$293$147$72$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,050,000, adding $5,121 every year, while hoping to spend $39,612 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: 54/32/14 Blend
29$1,050,000$1,050,000$1,050,000$1,050,000
30$1,162,382$1,106,732$1,090,457$1,220,598
31$1,238,798$1,118,815$1,084,841$1,272,894
32$1,321,681$1,130,163$1,077,708$1,325,093
33$1,411,649$1,140,697$1,068,968$1,381,006
34$1,509,381$1,150,334$1,058,522$1,440,994
35$1,615,624$1,158,987$1,046,269$1,505,459
36$1,731,201$1,166,561$1,032,102$1,574,842
37$1,857,017$1,172,956$1,015,910$1,649,634
38$1,994,066$1,178,064$997,577$1,730,372
39$2,143,445$1,181,774$976,981$1,817,654
40$2,306,360$1,183,964$953,992$1,912,139
41$2,484,136$1,184,506$928,479$2,014,553
42$2,678,236$1,183,264$900,301$2,125,700
43$2,890,266$1,180,094$869,311$2,246,468
44$3,121,997$1,174,843$835,356$2,377,836
45$3,375,377$1,167,347$798,278$2,520,886
46$3,652,553$1,157,434$757,908$2,676,814
47$3,955,887$1,144,922$714,071$2,846,939
48$4,287,980$1,129,616$666,585$3,032,717
49$4,651,698$1,111,311$615,259$3,235,756
50$5,050,194$1,089,788$559,893$3,457,833
51$5,486,944$1,064,818$500,280$3,700,907
52$5,965,773$1,036,155$436,201$3,967,142
53$6,490,897$1,003,542$367,428$4,258,927
54$7,066,957$966,703$293,725$4,578,896
55$7,699,065$925,351$214,844$4,929,961
56$8,392,854$879,177$130,526$5,315,333
57$9,154,527$827,858$40,500$5,738,554
58$9,990,917$771,051$0$6,203,535
59$10,909,551$708,393$0$6,722,895
60$11,918,722$639,502$0$7,300,087
61$13,027,565$563,971$0$7,934,357
62$14,246,143$481,372$0$8,631,550
63$15,585,545$391,254$0$9,398,109
64$17,057,983$293,139$0$10,241,145
65$18,676,916$186,521$0$11,168,494
66$20,457,169$70,868$0$12,188,800
67$22,415,077$0$0$13,311,596
68$24,568,637$0$0$14,566,540
69$26,937,677$0$0$15,974,615
70$29,544,045$0$0$17,523,865
71$32,411,812$0$0$19,228,614
72$35,567,502$0$0$21,104,643
73$39,040,336$0$0$23,169,340
74$42,862,516$0$0$25,441,865
75$47,069,520$0$0$27,943,329
76$51,700,442$0$0$30,696,994
77$56,798,358$0$0$33,728,491
78$62,410,732$0$0$37,066,064
79$68,589,865$0$0$40,740,833
80$75,393,386$0$0$44,787,090
81$82,884,798$0$0$49,242,623
82$91,134,074$0$0$54,149,067
83$100,218,321$0$0$59,552,306
84$110,222,500$0$0$65,502,897
85$121,240,236$0$0$72,056,549
86$133,374,694$0$0$79,274,653
87$146,739,558$0$0$87,224,857
88$161,460,099$0$0$95,981,703
89$177,674,357$0$0$105,627,335
90$195,534,448$0$0$116,252,269
91$215,207,993$0$0$127,956,252
92$236,879,704$0$0$140,849,197
93$260,753,125$0$0$155,052,228
94$287,052,553$0$0$170,698,814
95$316,025,156$0$0$187,936,037
96$347,943,300$0$0$206,925,974
97$383,107,129$0$0$227,847,229
98$421,847,386$0$0$250,896,619
99$464,528,545$0$0$276,291,028
100$511,552,243$0$0$304,269,461