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%12.3%
1 years$87,534$86,754$85,993$85,251$84,526$83,713
2 years$43,334$42,527$41,744$40,986$40,250$39,431
3 years$28,602$27,792$27,011$26,260$25,537$24,737
4 years$21,238$20,430$19,657$18,919$18,213$17,439
5 years$16,820$16,017$15,255$14,532$13,845$13,099
6 years$13,876$13,079$12,328$11,621$10,955$10,238
7 years$11,774$10,984$10,245$9,554$8,909$8,221
8 years$10,199$9,415$8,688$8,015$7,391$6,732
9 years$8,974$8,198$7,483$6,827$6,225$5,594
10 years$7,994$7,226$6,524$5,885$5,304$4,702
11 years$7,193$6,433$5,744$5,122$4,561$3,987
12 years$6,526$5,774$5,097$4,492$3,953$3,406
13 years$5,963$5,218$4,554$3,966$3,447$2,927
14 years$5,480$4,743$4,092$3,521$3,021$2,528
15 years$5,062$4,333$3,695$3,140$2,660$2,192
16 years$4,696$3,975$3,350$2,811$2,351$1,907
17 years$4,374$3,661$3,048$2,526$2,085$1,665
18 years$4,088$3,383$2,782$2,276$1,854$1,457
19 years$3,832$3,135$2,547$2,057$1,652$1,277
20 years$3,603$2,913$2,338$1,863$1,476$1,122
21 years$3,395$2,714$2,150$1,691$1,321$987
22 years$3,206$2,533$1,982$1,537$1,184$870
23 years$3,035$2,369$1,830$1,400$1,063$768
24 years$2,877$2,220$1,692$1,277$955$678
25 years$2,733$2,083$1,567$1,166$859$599
26 years$2,600$1,958$1,454$1,066$774$530
27 years$2,477$1,843$1,350$976$698$470
28 years$2,363$1,736$1,255$894$630$416
29 years$2,256$1,638$1,168$820$569$369
30 years$2,158$1,547$1,088$753$514$327
31 years$2,065$1,462$1,014$691$465$290
32 years$1,979$1,384$946$635$420$258
33 years$1,898$1,310$883$584$380$229
34 years$1,822$1,242$825$537$344$203
35 years$1,751$1,178$772$495$312$181
36 years$1,684$1,118$722$456$283$161
37 years$1,620$1,062$676$420$256$143
38 years$1,560$1,009$633$387$232$127
39 years$1,503$960$593$357$211$113
40 years$1,449$913$556$329$191$100
41 years$1,398$869$521$304$173$89
42 years$1,350$828$489$280$157$79
43 years$1,303$789$459$259$143$71
44 years$1,259$752$430$239$130$63
45 years$1,218$717$404$221$118$56
46 years$1,178$684$380$204$107$50
47 years$1,140$653$357$188$97$44
48 years$1,103$623$335$174$88$39
49 years$1,068$595$315$161$80$35
50 years$1,035$568$296$149$73$31

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 $6,298 every year, while hoping to spend $43,045 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: 59/15/26 Blend
29$1,060,000$1,060,000$1,060,000$1,060,000
30$1,174,616$1,118,436$1,102,006$1,235,323
31$1,248,628$1,127,440$1,093,124$1,286,461
32$1,328,746$1,135,443$1,082,501$1,337,066
33$1,415,547$1,142,349$1,070,035$1,391,353
34$1,509,668$1,148,059$1,055,616$1,449,689
35$1,611,805$1,152,465$1,039,130$1,512,481
36$1,722,727$1,155,454$1,020,459$1,580,178
37$1,843,279$1,156,904$999,478$1,653,277
38$1,974,389$1,156,688$976,056$1,732,327
39$2,117,079$1,154,669$950,057$1,817,935
40$2,272,476$1,150,702$921,338$1,910,770
41$2,441,815$1,144,633$889,750$2,011,574
42$2,626,460$1,136,300$855,136$2,121,164
43$2,827,909$1,125,529$817,334$2,240,444
44$3,047,814$1,112,137$776,172$2,370,413
45$3,287,989$1,095,930$731,471$2,512,173
46$3,550,435$1,076,702$683,047$2,666,942
47$3,837,353$1,054,234$630,703$2,836,065
48$4,151,167$1,028,296$574,236$3,021,027
49$4,494,546$998,642$513,432$3,223,467
50$4,870,428$965,014$448,071$3,445,196
51$5,282,050$927,138$377,919$3,688,212
52$5,732,975$884,723$302,735$3,954,722
53$6,227,126$837,463$222,265$4,247,161
54$6,768,827$785,033$136,245$4,568,217
55$7,362,838$727,089$44,399$4,920,858
56$8,014,400$663,270$0$5,308,358
57$8,729,289$593,190$0$5,749,204
58$9,513,866$516,446$0$6,246,622
59$10,375,136$432,607$0$6,792,770
60$11,320,818$341,223$0$7,392,592
61$12,359,413$241,815$0$8,051,541
62$13,500,287$133,877$0$8,775,627
63$14,753,756$16,878$0$9,571,471
64$16,131,188$0$0$10,446,376
65$17,645,102$0$0$11,426,503
66$19,309,295$0$0$12,507,079
67$21,138,964$0$0$13,695,199
68$23,150,853$0$0$15,001,747
69$25,363,409$0$0$16,438,717
70$27,796,958$0$0$18,019,322
71$30,473,893$0$0$19,758,120
72$33,418,888$0$0$21,671,152
73$36,659,126$0$0$23,776,090
74$40,224,562$0$0$26,092,409
75$44,148,197$0$0$28,641,563
76$48,466,397$0$0$31,447,194
77$53,219,227$0$0$34,535,352
78$58,450,838$0$0$37,934,739
79$64,209,876$0$0$41,676,982
80$70,549,943$0$0$45,796,930
81$77,530,102$0$0$50,332,983
82$85,215,436$0$0$55,327,454
83$93,677,657$0$0$60,826,967
84$102,995,788$0$0$66,882,897
85$113,256,903$0$0$73,551,858
86$124,556,951$0$0$80,896,229
87$137,001,661$0$0$88,984,752
88$150,707,539$0$0$97,893,174
89$165,802,965$0$0$107,704,961
90$182,429,407$0$0$118,512,092
91$200,742,754$0$0$130,415,918
92$220,914,787$0$0$143,528,126
93$243,134,800$0$0$157,971,788
94$267,611,386$0$0$173,882,522
95$294,574,404$0$0$191,409,776
96$324,277,149$0$0$210,718,233
97$356,998,744$0$0$231,989,371
98$393,046,768$0$0$255,423,167
99$432,760,167$0$0$281,239,993
100$476,512,446$0$0$309,682,692