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

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$87,534$86,754$85,993$85,251$84,526$82,853
2 years$43,334$42,527$41,744$40,986$40,250$38,572
3 years$28,602$27,792$27,011$26,260$25,537$23,905
4 years$21,238$20,430$19,657$18,919$18,213$16,641
5 years$16,820$16,017$15,255$14,532$13,845$12,337
6 years$13,876$13,079$12,328$11,621$10,955$9,513
7 years$11,774$10,984$10,245$9,554$8,909$7,533
8 years$10,199$9,415$8,688$8,015$7,391$6,080
9 years$8,974$8,198$7,483$6,827$6,225$4,978
10 years$7,994$7,226$6,524$5,885$5,304$4,121
11 years$7,193$6,433$5,744$5,122$4,561$3,440
12 years$6,526$5,774$5,097$4,492$3,953$2,892
13 years$5,963$5,218$4,554$3,966$3,447$2,445
14 years$5,480$4,743$4,092$3,521$3,021$2,076
15 years$5,062$4,333$3,695$3,140$2,660$1,770
16 years$4,696$3,975$3,350$2,811$2,351$1,514
17 years$4,374$3,661$3,048$2,526$2,085$1,298
18 years$4,088$3,383$2,782$2,276$1,854$1,115
19 years$3,832$3,135$2,547$2,057$1,652$960
20 years$3,603$2,913$2,338$1,863$1,476$828
21 years$3,395$2,714$2,150$1,691$1,321$715
22 years$3,206$2,533$1,982$1,537$1,184$618
23 years$3,035$2,369$1,830$1,400$1,063$535
24 years$2,877$2,220$1,692$1,277$955$464
25 years$2,733$2,083$1,567$1,166$859$402
26 years$2,600$1,958$1,454$1,066$774$349
27 years$2,477$1,843$1,350$976$698$302
28 years$2,363$1,736$1,255$894$630$263
29 years$2,256$1,638$1,168$820$569$228
30 years$2,158$1,547$1,088$753$514$198
31 years$2,065$1,462$1,014$691$465$172
32 years$1,979$1,384$946$635$420$150
33 years$1,898$1,310$883$584$380$130
34 years$1,822$1,242$825$537$344$113
35 years$1,751$1,178$772$495$312$99
36 years$1,684$1,118$722$456$283$86
37 years$1,620$1,062$676$420$256$75
38 years$1,560$1,009$633$387$232$65
39 years$1,503$960$593$357$211$57
40 years$1,449$913$556$329$191$49
41 years$1,398$869$521$304$173$43
42 years$1,350$828$489$280$157$37
43 years$1,303$789$459$259$143$33
44 years$1,259$752$430$239$130$28
45 years$1,218$717$404$221$118$25
46 years$1,178$684$380$204$107$21
47 years$1,140$653$357$188$97$19
48 years$1,103$623$335$174$88$16
49 years$1,068$595$315$161$80$14
50 years$1,035$568$296$149$73$12

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 $5,733 every year, while hoping to spend $58,691 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: 46/42/12 Blend
29$1,060,000$1,060,000$1,060,000$1,060,000
30$1,174,034$1,117,854$1,101,424$1,223,821
31$1,231,338$1,110,182$1,075,875$1,251,210
32$1,292,521$1,100,167$1,047,502$1,274,434
33$1,357,915$1,087,632$1,016,151$1,298,318
34$1,427,887$1,072,390$981,656$1,322,945
35$1,502,836$1,054,243$943,847$1,348,408
36$1,583,204$1,032,979$902,544$1,374,817
37$1,669,472$1,008,376$857,561$1,402,294
38$1,762,171$980,199$808,701$1,430,980
39$1,861,880$948,196$755,761$1,461,034
40$1,969,239$912,105$698,525$1,492,637
41$2,084,947$871,645$636,773$1,525,993
42$2,209,776$826,519$570,269$1,561,334
43$2,344,571$776,416$498,770$1,598,921
44$2,490,260$721,004$422,022$1,639,046
45$2,647,867$659,933$339,760$1,682,041
46$2,818,512$592,832$251,704$1,728,278
47$3,003,431$519,312$157,567$1,778,175
48$3,203,980$438,958$57,045$1,832,199
49$3,421,653$351,334$0$1,890,877
50$3,658,091$255,978$0$1,961,229
51$3,915,100$152,404$0$2,045,693
52$4,194,666$40,098$0$2,137,738
53$4,498,974$0$0$2,238,233
54$4,830,431$0$0$2,385,804
55$5,191,681$0$0$2,566,950
56$5,585,639$0$0$2,764,613
57$6,015,509$0$0$2,980,417
58$6,484,819$0$0$3,216,147
59$6,997,455$0$0$3,473,772
60$7,557,692$0$0$3,755,456
61$8,170,238$0$0$4,063,584
62$8,840,276$0$0$4,400,780
63$9,573,514$0$0$4,769,936
64$10,376,234$0$0$5,174,234
65$11,255,358$0$0$5,617,180
66$12,218,506$0$0$6,102,635
67$13,274,071$0$0$6,634,851
68$14,431,296$0$0$7,218,509
69$15,700,360$0$0$7,858,767
70$17,092,478$0$0$8,561,307
71$18,619,997$0$0$9,332,386
72$20,296,522$0$0$10,178,897
73$22,137,038$0$0$11,108,432
74$24,158,049$0$0$12,129,355
75$26,377,739$0$0$13,250,879
76$28,816,138$0$0$14,483,156
77$31,495,311$0$0$15,837,366
78$34,439,568$0$0$17,325,830
79$37,675,689$0$0$18,962,117
80$41,233,177$0$0$20,761,181
81$45,144,538$0$0$22,739,495
82$49,445,584$0$0$24,915,208
83$54,175,770$0$0$27,308,317
84$59,378,567$0$0$29,940,853
85$65,101,870$0$0$32,837,092
86$71,398,452$0$0$36,023,778
87$78,326,454$0$0$39,530,381
88$85,949,942$0$0$43,389,371
89$94,339,503$0$0$47,636,525
90$103,572,913$0$0$52,311,264
91$113,735,870$0$0$57,457,025
92$124,922,802$0$0$63,121,669
93$137,237,756$0$0$69,357,933
94$150,795,379$0$0$76,223,929
95$165,722,001$0$0$83,783,688
96$182,156,821$0$0$92,107,768
97$200,253,224$0$0$101,273,915
98$220,180,228$0$0$111,367,800
99$242,124,073$0$0$122,483,826
100$266,289,982$0$0$134,726,017