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%17.6%
1 years$86,708$85,936$85,182$84,447$83,728$81,146
2 years$42,925$42,125$41,351$40,599$39,871$37,291
3 years$28,332$27,529$26,757$26,012$25,296$22,800
4 years$21,037$20,237$19,472$18,740$18,041$15,649
5 years$16,662$15,866$15,111$14,394$13,715$11,432
6 years$13,745$12,956$12,212$11,511$10,852$8,681
7 years$11,663$10,880$10,148$9,464$8,825$6,766
8 years$10,102$9,326$8,606$7,939$7,322$5,373
9 years$8,889$8,120$7,413$6,762$6,166$4,325
10 years$7,919$7,158$6,463$5,829$5,254$3,518
11 years$7,125$6,372$5,690$5,073$4,518$2,885
12 years$6,465$5,719$5,049$4,450$3,915$2,382
13 years$5,906$5,168$4,511$3,929$3,414$1,976
14 years$5,428$4,698$4,053$3,487$2,993$1,646
15 years$5,014$4,292$3,660$3,110$2,635$1,376
16 years$4,652$3,938$3,318$2,785$2,329$1,153
17 years$4,333$3,626$3,019$2,502$2,065$969
18 years$4,049$3,351$2,756$2,255$1,836$816
19 years$3,796$3,106$2,523$2,037$1,637$688
20 years$3,569$2,886$2,316$1,845$1,462$581
21 years$3,363$2,688$2,130$1,675$1,308$491
22 years$3,176$2,509$1,963$1,523$1,173$415
23 years$3,006$2,347$1,813$1,387$1,053$352
24 years$2,850$2,199$1,676$1,265$946$298
25 years$2,707$2,063$1,553$1,155$851$252
26 years$2,575$1,939$1,440$1,056$767$214
27 years$2,453$1,825$1,337$967$691$182
28 years$2,340$1,720$1,243$886$624$154
29 years$2,235$1,622$1,157$812$563$131
30 years$2,137$1,532$1,077$745$509$111
31 years$2,046$1,448$1,004$685$460$94
32 years$1,961$1,371$937$629$416$80
33 years$1,880$1,298$875$579$377$68
34 years$1,805$1,230$818$532$341$58
35 years$1,734$1,167$764$490$309$49
36 years$1,668$1,107$715$451$280$42
37 years$1,605$1,052$669$416$254$36
38 years$1,545$1,000$627$383$230$30
39 years$1,489$951$587$353$209$26
40 years$1,436$904$550$326$189$22
41 years$1,385$861$516$301$172$19
42 years$1,337$820$484$278$156$16
43 years$1,291$781$454$256$141$13
44 years$1,248$745$426$237$128$11
45 years$1,206$710$400$218$116$10
46 years$1,167$677$376$202$106$8
47 years$1,129$646$353$186$96$7
48 years$1,093$617$332$172$87$6
49 years$1,058$589$312$159$79$5
50 years$1,025$563$293$147$72$4

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 $4,656 every year, while hoping to spend $37,822 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: 53/39/8 Blend
29$1,050,000$1,050,000$1,050,000$1,050,000
30$1,161,903$1,106,253$1,089,978$1,220,955
31$1,240,174$1,120,217$1,086,250$1,275,492
32$1,325,162$1,133,597$1,081,129$1,330,277
33$1,417,511$1,146,326$1,074,529$1,388,975
34$1,517,931$1,158,330$1,066,360$1,451,964
35$1,627,203$1,169,531$1,056,525$1,519,660
36$1,746,185$1,179,845$1,044,926$1,592,522
37$1,875,823$1,189,185$1,031,459$1,671,058
38$2,017,157$1,197,455$1,016,013$1,755,828
39$2,171,332$1,204,555$998,474$1,847,450
40$2,339,609$1,210,379$978,724$1,946,606
41$2,523,374$1,214,813$956,636$2,054,051
42$2,724,154$1,217,735$932,080$2,170,615
43$2,943,631$1,219,017$904,918$2,297,217
44$3,183,656$1,218,523$875,007$2,434,870
45$3,446,266$1,216,108$842,196$2,584,693
46$3,733,705$1,211,617$806,330$2,747,921
47$4,048,445$1,204,888$767,244$2,925,916
48$4,393,206$1,195,747$724,766$3,120,183
49$4,770,985$1,184,011$678,718$3,332,383
50$5,185,082$1,169,484$628,911$3,564,347
51$5,639,131$1,151,960$575,151$3,818,099
52$6,137,137$1,131,220$517,233$4,095,869
53$6,683,508$1,107,033$454,943$4,400,122
54$7,283,101$1,079,153$388,059$4,733,574
55$7,941,265$1,047,319$316,347$5,099,225
56$8,663,894$1,011,258$239,564$5,500,384
57$9,457,478$970,677$157,457$5,940,703
58$10,329,169$925,268$69,760$6,424,210
59$11,286,843$874,705$0$6,955,350
60$12,339,180$818,644$0$7,541,061
61$13,495,739$756,720$0$8,191,206
62$14,767,052$688,548$0$8,905,818
63$16,164,725$613,720$0$9,691,506
64$17,701,539$531,805$0$10,555,563
65$19,391,582$442,349$0$11,506,028
66$21,250,370$344,870$0$12,551,767
67$23,295,001$238,862$0$13,702,560
68$25,544,313$123,789$0$14,969,189
69$28,019,061$0$0$16,363,544
70$30,742,114$0$0$17,899,133
71$33,738,670$0$0$19,647,534
72$37,036,491$0$0$21,571,836
73$40,666,170$0$0$23,689,906
74$44,661,412$0$0$26,021,427
75$49,059,358$0$0$28,588,091
76$53,900,933$0$0$31,413,797
77$59,231,231$0$0$34,524,882
78$65,099,939$0$0$37,950,364
79$71,561,811$0$0$41,722,220
80$78,677,176$0$0$45,875,683
81$86,512,514$0$0$50,449,581
82$95,141,080$0$0$55,486,695
83$104,643,595$0$0$61,034,170
84$115,109,007$0$0$67,143,954
85$126,635,332$0$0$73,873,291
86$139,330,576$0$0$81,285,261
87$153,313,756$0$0$89,449,374
88$168,716,022$0$0$98,442,227
89$185,681,892$0$0$108,348,225
90$204,370,622$0$0$119,260,378
91$224,957,701$0$0$131,281,181
92$247,636,513$0$0$144,523,578
93$272,620,157$0$0$159,112,029
94$300,143,461$0$0$175,183,683
95$330,465,198$0$0$192,889,676
96$363,870,526$0$0$212,396,554
97$400,673,680$0$0$233,887,846
98$441,220,939$0$0$257,565,795
99$485,893,893$0$0$283,653,269
100$535,113,044$0$0$312,395,862