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%16.9%
1 years$87,534$86,754$85,993$85,251$84,526$82,149
2 years$43,334$42,527$41,744$40,986$40,250$37,874
3 years$28,602$27,792$27,011$26,260$25,537$23,235
4 years$21,238$20,430$19,657$18,919$18,213$16,004
5 years$16,820$16,017$15,255$14,532$13,845$11,735
6 years$13,876$13,079$12,328$11,621$10,955$8,945
7 years$11,774$10,984$10,245$9,554$8,909$7,000
8 years$10,199$9,415$8,688$8,015$7,391$5,581
9 years$8,974$8,198$7,483$6,827$6,225$4,512
10 years$7,994$7,226$6,524$5,885$5,304$3,687
11 years$7,193$6,433$5,744$5,122$4,561$3,037
12 years$6,526$5,774$5,097$4,492$3,953$2,518
13 years$5,963$5,218$4,554$3,966$3,447$2,099
14 years$5,480$4,743$4,092$3,521$3,021$1,757
15 years$5,062$4,333$3,695$3,140$2,660$1,476
16 years$4,696$3,975$3,350$2,811$2,351$1,244
17 years$4,374$3,661$3,048$2,526$2,085$1,050
18 years$4,088$3,383$2,782$2,276$1,854$889
19 years$3,832$3,135$2,547$2,057$1,652$753
20 years$3,603$2,913$2,338$1,863$1,476$639
21 years$3,395$2,714$2,150$1,691$1,321$543
22 years$3,206$2,533$1,982$1,537$1,184$462
23 years$3,035$2,369$1,830$1,400$1,063$393
24 years$2,877$2,220$1,692$1,277$955$335
25 years$2,733$2,083$1,567$1,166$859$286
26 years$2,600$1,958$1,454$1,066$774$244
27 years$2,477$1,843$1,350$976$698$208
28 years$2,363$1,736$1,255$894$630$178
29 years$2,256$1,638$1,168$820$569$152
30 years$2,158$1,547$1,088$753$514$129
31 years$2,065$1,462$1,014$691$465$111
32 years$1,979$1,384$946$635$420$94
33 years$1,898$1,310$883$584$380$81
34 years$1,822$1,242$825$537$344$69
35 years$1,751$1,178$772$495$312$59
36 years$1,684$1,118$722$456$283$50
37 years$1,620$1,062$676$420$256$43
38 years$1,560$1,009$633$387$232$37
39 years$1,503$960$593$357$211$32
40 years$1,449$913$556$329$191$27
41 years$1,398$869$521$304$173$23
42 years$1,350$828$489$280$157$20
43 years$1,303$789$459$259$143$17
44 years$1,259$752$430$239$130$14
45 years$1,218$717$404$221$118$12
46 years$1,178$684$380$204$107$11
47 years$1,140$653$357$188$97$9
48 years$1,103$623$335$174$88$8
49 years$1,068$595$315$161$80$7
50 years$1,035$568$296$149$73$6

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 $5,623 every year, while hoping to spend $33,662 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: 79/9/12 Blend
29$1,060,000$1,060,000$1,060,000$1,060,000
30$1,173,920$1,117,740$1,101,310$1,263,585
31$1,257,844$1,136,693$1,102,388$1,342,275
32$1,349,200$1,155,447$1,102,374$1,423,677
33$1,448,710$1,173,956$1,101,195$1,512,013
34$1,557,170$1,192,171$1,098,777$1,607,963
35$1,675,455$1,210,041$1,095,039$1,712,273
36$1,804,527$1,227,509$1,089,899$1,825,766
37$1,945,447$1,244,516$1,083,269$1,949,349
38$2,099,383$1,260,996$1,075,058$2,084,021
39$2,267,618$1,276,883$1,065,171$2,230,881
40$2,451,567$1,292,103$1,053,506$2,391,143
41$2,652,787$1,306,576$1,039,959$2,566,140
42$2,872,993$1,320,220$1,024,420$2,757,345
43$3,114,074$1,332,946$1,006,773$2,966,379
44$3,378,108$1,344,659$986,898$3,195,029
45$3,667,385$1,355,257$964,669$3,445,261
46$3,984,426$1,364,633$939,954$3,719,246
47$4,332,009$1,372,672$912,614$4,019,373
48$4,713,193$1,379,252$882,505$4,348,276
49$5,131,346$1,384,242$849,476$4,708,857
50$5,590,179$1,387,505$813,369$5,104,313
51$6,093,779$1,388,895$774,019$5,538,169
52$6,646,648$1,388,255$731,252$6,014,308
53$7,253,746$1,385,419$684,889$6,537,011
54$7,920,536$1,380,212$634,741$7,110,992
55$8,653,036$1,372,448$580,610$7,741,451
56$9,457,876$1,361,929$522,291$8,434,114
57$10,342,360$1,348,444$459,569$9,195,295
58$11,314,535$1,331,772$392,218$10,031,948
59$12,383,265$1,311,676$320,005$10,951,742
60$13,558,317$1,287,907$242,684$11,963,125
61$14,850,450$1,260,200$159,999$13,075,407
62$16,271,521$1,228,274$71,684$14,298,851
63$17,834,590$1,191,834$0$15,644,764
64$19,554,049$1,150,564$0$17,128,499
65$21,445,753$1,104,132$0$18,770,885
66$23,527,172$1,052,187$0$20,577,909
67$25,817,555$994,356$0$22,566,294
68$28,338,111$930,245$0$24,754,467
69$31,112,211$859,439$0$27,162,733
70$34,165,602$781,497$0$29,813,467
71$37,526,657$695,954$0$32,731,326
72$41,226,639$602,319$0$35,943,480
73$45,299,995$500,072$0$39,479,868
74$49,784,683$388,664$0$43,373,485
75$54,722,528$267,516$0$47,660,687
76$60,159,618$136,016$0$52,381,539
77$66,146,735$0$0$57,580,190
78$72,739,840$0$0$63,305,937
79$80,000,595$0$0$69,626,377
80$87,996,947$0$0$76,587,195
81$96,803,770$0$0$84,253,572
82$106,503,570$0$0$92,697,335
83$117,187,263$0$0$101,997,635
84$128,955,034$0$0$112,241,688
85$141,917,278$0$0$123,525,603
86$156,195,650$0$0$135,955,289
87$171,924,204$0$0$149,647,449
88$189,250,664$0$0$164,730,689
89$208,337,813$0$0$181,346,725
90$229,365,035$0$0$199,651,721
91$252,530,001$0$0$219,817,767
92$278,050,540$0$0$242,034,499
93$306,166,693$0$0$266,510,891
94$337,142,975$0$0$293,477,224
95$371,270,878$0$0$323,187,263
96$408,871,615$0$0$355,920,650
97$450,299,157$0$0$391,985,544
98$495,943,572$0$0$431,721,528
99$546,234,705$0$0$475,502,816
100$601,646,237$0$0$523,741,785