Can I retire at age 30 with 1,060,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,060,000?

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$87,534$86,754$85,993$85,251$84,526$83,470
2 years$43,334$42,527$41,744$40,986$40,250$39,188
3 years$28,602$27,792$27,011$26,260$25,537$24,500
4 years$21,238$20,430$19,657$18,919$18,213$17,211
5 years$16,820$16,017$15,255$14,532$13,845$12,881
6 years$13,876$13,079$12,328$11,621$10,955$10,029
7 years$11,774$10,984$10,245$9,554$8,909$8,022
8 years$10,199$9,415$8,688$8,015$7,391$6,543
9 years$8,974$8,198$7,483$6,827$6,225$5,415
10 years$7,994$7,226$6,524$5,885$5,304$4,532
11 years$7,193$6,433$5,744$5,122$4,561$3,826
12 years$6,526$5,774$5,097$4,492$3,953$3,254
13 years$5,963$5,218$4,554$3,966$3,447$2,784
14 years$5,480$4,743$4,092$3,521$3,021$2,393
15 years$5,062$4,333$3,695$3,140$2,660$2,065
16 years$4,696$3,975$3,350$2,811$2,351$1,788
17 years$4,374$3,661$3,048$2,526$2,085$1,553
18 years$4,088$3,383$2,782$2,276$1,854$1,352
19 years$3,832$3,135$2,547$2,057$1,652$1,180
20 years$3,603$2,913$2,338$1,863$1,476$1,031
21 years$3,395$2,714$2,150$1,691$1,321$903
22 years$3,206$2,533$1,982$1,537$1,184$791
23 years$3,035$2,369$1,830$1,400$1,063$694
24 years$2,877$2,220$1,692$1,277$955$610
25 years$2,733$2,083$1,567$1,166$859$536
26 years$2,600$1,958$1,454$1,066$774$472
27 years$2,477$1,843$1,350$976$698$416
28 years$2,363$1,736$1,255$894$630$366
29 years$2,256$1,638$1,168$820$569$323
30 years$2,158$1,547$1,088$753$514$285
31 years$2,065$1,462$1,014$691$465$251
32 years$1,979$1,384$946$635$420$222
33 years$1,898$1,310$883$584$380$196
34 years$1,822$1,242$825$537$344$173
35 years$1,751$1,178$772$495$312$153
36 years$1,684$1,118$722$456$283$135
37 years$1,620$1,062$676$420$256$119
38 years$1,560$1,009$633$387$232$105
39 years$1,503$960$593$357$211$93
40 years$1,449$913$556$329$191$82
41 years$1,398$869$521$304$173$73
42 years$1,350$828$489$280$157$64
43 years$1,303$789$459$259$143$57
44 years$1,259$752$430$239$130$50
45 years$1,218$717$404$221$118$45
46 years$1,178$684$380$204$107$39
47 years$1,140$653$357$188$97$35
48 years$1,103$623$335$174$88$31
49 years$1,068$595$315$161$80$27
50 years$1,035$568$296$149$73$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,060,000, adding $6,272 every year, while hoping to spend $34,699 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: 84/7/9 Blend
29$1,060,000$1,060,000$1,060,000$1,060,000
30$1,174,590$1,118,410$1,101,980$1,271,324
31$1,257,478$1,136,292$1,101,976$1,353,362
32$1,347,659$1,153,888$1,100,810$1,438,131
33$1,445,838$1,171,147$1,098,405$1,530,167
34$1,552,794$1,188,013$1,094,682$1,630,181
35$1,669,383$1,204,430$1,089,559$1,738,951
36$1,796,548$1,220,335$1,082,946$1,857,339
37$1,935,325$1,235,661$1,074,755$1,986,292
38$2,086,857$1,250,337$1,064,888$2,126,851
39$2,252,400$1,264,288$1,053,245$2,280,165
40$2,433,339$1,277,431$1,039,723$2,447,501
41$2,631,195$1,289,681$1,024,209$2,630,251
42$2,847,647$1,300,946$1,006,590$2,829,951
43$3,084,542$1,311,126$986,746$3,048,291
44$3,343,912$1,320,119$964,549$3,287,136
45$3,627,998$1,327,811$939,868$3,548,538
46$3,939,265$1,334,085$912,564$3,834,758
47$4,280,429$1,338,815$882,495$4,148,289
48$4,654,482$1,341,866$849,508$4,491,874
49$5,064,718$1,343,096$813,445$4,868,539
50$5,514,766$1,342,354$774,142$5,281,616
51$6,008,622$1,339,480$731,426$5,734,777
52$6,550,689$1,334,302$685,116$6,232,070
53$7,145,817$1,326,640$635,025$6,777,951
54$7,799,346$1,316,301$580,954$7,377,333
55$8,517,162$1,303,083$522,699$8,035,631
56$9,305,748$1,286,769$460,044$8,758,808
57$10,172,243$1,267,130$392,765$9,553,438
58$11,124,517$1,243,924$320,627$10,426,765
59$12,171,236$1,216,894$243,386$11,386,770
60$13,321,948$1,185,769$160,786$12,442,248
61$14,587,175$1,150,259$72,561$13,602,893
62$15,978,506$1,110,061$0$14,879,384
63$17,508,710$1,064,851$0$16,285,566
64$19,191,859$1,014,289$0$17,839,908
65$21,043,452$958,013$0$19,549,755
66$23,080,569$895,641$0$21,430,891
67$25,322,029$826,769$0$23,500,705
68$27,788,566$750,970$0$25,778,360
69$30,503,026$667,794$0$28,284,971
70$33,490,582$576,763$0$31,043,804
71$36,778,970$477,373$0$34,080,497
72$40,398,753$369,093$0$37,423,303
73$44,383,606$251,358$0$41,103,353
74$48,770,636$123,577$0$45,154,952
75$53,600,729$0$0$49,615,902
76$58,918,940$0$0$54,529,006
77$64,774,914$0$0$59,949,415
78$71,223,352$0$0$65,918,246
79$78,324,536$0$0$72,491,298
80$86,144,887$0$0$79,730,058
81$94,757,599$0$0$87,702,277
82$104,243,323$0$0$96,482,615
83$114,690,936$0$0$106,153,341
84$126,198,371$0$0$116,805,110
85$138,873,547$0$0$128,537,820
86$152,835,384$0$0$141,461,551
87$168,214,925$0$0$155,697,609
88$185,156,575$0$0$171,379,665
89$203,819,460$0$0$188,655,018
90$224,378,932$0$0$207,685,988
91$247,028,222$0$0$228,651,444
92$271,980,263$0$0$251,748,494
93$299,469,700$0$0$277,194,342
94$329,755,104$0$0$305,228,344
95$363,121,413$0$0$336,114,259
96$399,882,621$0$0$370,142,745
97$440,384,741$0$0$407,634,099
98$485,009,072$0$0$448,941,280
99$534,175,794$0$0$494,453,241
100$588,347,940$0$0$544,598,601