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%13.6%
1 years$86,708$85,936$85,182$84,447$83,728$82,477
2 years$42,925$42,125$41,351$40,599$39,871$38,613
3 years$28,332$27,529$26,757$26,012$25,296$24,070
4 years$21,037$20,237$19,472$18,740$18,041$16,858
5 years$16,662$15,866$15,111$14,394$13,715$12,577
6 years$13,745$12,956$12,212$11,511$10,852$9,761
7 years$11,663$10,880$10,148$9,464$8,825$7,782
8 years$10,102$9,326$8,606$7,939$7,322$6,325
9 years$8,889$8,120$7,413$6,762$6,166$5,216
10 years$7,919$7,158$6,463$5,829$5,254$4,349
11 years$7,125$6,372$5,690$5,073$4,518$3,659
12 years$6,465$5,719$5,049$4,450$3,915$3,100
13 years$5,906$5,168$4,511$3,929$3,414$2,641
14 years$5,428$4,698$4,053$3,487$2,993$2,261
15 years$5,014$4,292$3,660$3,110$2,635$1,944
16 years$4,652$3,938$3,318$2,785$2,329$1,676
17 years$4,333$3,626$3,019$2,502$2,065$1,450
18 years$4,049$3,351$2,756$2,255$1,836$1,257
19 years$3,796$3,106$2,523$2,037$1,637$1,091
20 years$3,569$2,886$2,316$1,845$1,462$950
21 years$3,363$2,688$2,130$1,675$1,308$828
22 years$3,176$2,509$1,963$1,523$1,173$722
23 years$3,006$2,347$1,813$1,387$1,053$631
24 years$2,850$2,199$1,676$1,265$946$552
25 years$2,707$2,063$1,553$1,155$851$483
26 years$2,575$1,939$1,440$1,056$767$423
27 years$2,453$1,825$1,337$967$691$370
28 years$2,340$1,720$1,243$886$624$325
29 years$2,235$1,622$1,157$812$563$285
30 years$2,137$1,532$1,077$745$509$250
31 years$2,046$1,448$1,004$685$460$220
32 years$1,961$1,371$937$629$416$193
33 years$1,880$1,298$875$579$377$169
34 years$1,805$1,230$818$532$341$149
35 years$1,734$1,167$764$490$309$131
36 years$1,668$1,107$715$451$280$115
37 years$1,605$1,052$669$416$254$101
38 years$1,545$1,000$627$383$230$89
39 years$1,489$951$587$353$209$78
40 years$1,436$904$550$326$189$69
41 years$1,385$861$516$301$172$60
42 years$1,337$820$484$278$156$53
43 years$1,291$781$454$256$141$47
44 years$1,248$745$426$237$128$41
45 years$1,206$710$400$218$116$36
46 years$1,167$677$376$202$106$32
47 years$1,129$646$353$186$96$28
48 years$1,093$617$332$172$87$25
49 years$1,058$589$312$159$79$22
50 years$1,025$563$293$147$72$19

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 $2,664 every year, while hoping to spend $51,690 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: 57/20/23 Blend
29$1,050,000$1,050,000$1,050,000$1,050,000
30$1,159,848$1,104,198$1,087,923$1,218,604
31$1,223,155$1,103,306$1,069,371$1,258,141
32$1,291,186$1,100,638$1,048,464$1,295,476
33$1,364,370$1,096,052$1,025,071$1,335,058
34$1,443,175$1,089,398$999,050$1,377,117
35$1,528,117$1,080,516$970,256$1,421,909
36$1,619,762$1,069,239$938,537$1,469,717
37$1,718,732$1,055,385$903,732$1,520,857
38$1,825,710$1,038,766$865,674$1,575,678
39$1,941,447$1,019,180$824,189$1,634,570
40$2,066,769$996,415$779,093$1,697,962
41$2,202,583$970,243$730,197$1,766,332
42$2,349,888$940,427$677,300$1,840,210
43$2,509,782$906,713$620,195$1,920,182
44$2,683,471$868,833$558,663$2,006,900
45$2,872,284$826,505$492,477$2,101,084
46$3,077,681$779,428$421,399$2,203,532
47$3,301,270$727,285$345,182$2,315,129
48$3,544,820$669,742$263,566$2,436,855
49$3,810,277$606,445$176,280$2,569,793
50$4,099,782$537,018$83,043$2,715,143
51$4,415,695$461,066$0$2,874,234
52$4,760,609$378,171$0$3,052,574
53$5,137,381$287,892$0$3,269,760
54$5,549,156$189,761$0$3,507,270
55$5,999,397$83,287$0$3,767,173
56$6,491,916$0$0$4,051,755
57$7,030,910$0$0$4,370,590
58$7,621,002$0$0$4,739,807
59$8,267,280$0$0$5,144,272
60$8,975,350$0$0$5,587,503
61$9,751,384$0$0$6,073,378
62$10,602,182$0$0$6,606,165
63$11,535,229$0$0$7,190,564
64$12,558,774$0$0$7,831,756
65$13,681,899$0$0$8,535,443
66$14,914,610$0$0$9,307,909
67$16,267,928$0$0$10,156,074
68$17,753,994$0$0$11,087,564
69$19,386,180$0$0$12,110,776
70$21,179,220$0$0$13,234,962
71$23,149,342$0$0$14,470,316
72$25,314,427$0$0$15,828,065
73$27,694,172$0$0$17,320,580
74$30,310,278$0$0$18,961,491
75$33,186,653$0$0$20,765,812
76$36,349,636$0$0$22,750,087
77$39,828,249$0$0$24,932,542
78$43,654,466$0$0$27,333,259
79$47,863,515$0$0$29,974,363
80$52,494,209$0$0$32,880,233
81$57,589,316$0$0$36,077,729
82$63,195,956$0$0$39,596,446
83$69,366,048$0$0$43,468,995
84$76,156,798$0$0$47,731,305
85$83,631,240$0$0$52,422,967
86$91,858,829$0$0$57,587,606
87$100,916,094$0$0$63,273,290
88$110,887,361$0$0$69,532,983
89$121,865,548$0$0$76,425,048
90$133,953,043$0$0$84,013,794
91$147,262,664$0$0$92,370,084
92$161,918,729$0$0$101,572,003
93$178,058,223$0$0$111,705,593
94$195,832,095$0$0$122,865,666
95$215,406,678$0$0$135,156,698
96$236,965,258$0$0$148,693,816
97$260,709,808$0$0$163,603,881
98$286,862,886$0$0$180,026,687
99$315,669,739$0$0$198,116,277
100$347,400,617$0$0$218,042,403