Can I retire at age 30 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$88,360$87,573$86,805$86,055$85,323$82,198
2 years$43,742$42,928$42,138$41,373$40,630$37,516
3 years$28,872$28,054$27,266$26,508$25,777$22,773
4 years$21,438$20,622$19,843$19,097$18,385$15,512
5 years$16,979$16,168$15,399$14,669$13,976$11,243
6 years$14,007$13,203$12,445$11,731$11,059$8,468
7 years$11,885$11,088$10,341$9,644$8,994$6,544
8 years$10,295$9,504$8,770$8,090$7,461$5,150
9 years$9,058$8,275$7,554$6,891$6,283$4,108
10 years$8,070$7,294$6,586$5,940$5,354$3,310
11 years$7,261$6,493$5,798$5,170$4,604$2,689
12 years$6,588$5,828$5,146$4,535$3,990$2,197
13 years$6,019$5,267$4,597$4,003$3,479$1,804
14 years$5,531$4,788$4,131$3,554$3,050$1,487
15 years$5,109$4,373$3,729$3,169$2,685$1,230
16 years$4,741$4,013$3,381$2,838$2,373$1,020
17 years$4,415$3,695$3,077$2,550$2,104$848
18 years$4,127$3,415$2,809$2,298$1,871$706
19 years$3,869$3,165$2,571$2,076$1,668$588
20 years$3,637$2,941$2,360$1,880$1,490$491
21 years$3,427$2,739$2,171$1,707$1,333$410
22 years$3,237$2,557$2,000$1,552$1,195$343
23 years$3,063$2,392$1,847$1,413$1,073$287
24 years$2,904$2,241$1,708$1,289$964$240
25 years$2,759$2,103$1,582$1,177$868$201
26 years$2,624$1,976$1,467$1,076$781$169
27 years$2,500$1,860$1,363$985$705$141
28 years$2,385$1,753$1,267$903$636$118
29 years$2,278$1,653$1,179$828$574$99
30 years$2,178$1,561$1,098$760$519$83
31 years$2,085$1,476$1,024$698$469$70
32 years$1,998$1,397$955$641$424$59
33 years$1,916$1,323$892$590$384$49
34 years$1,840$1,254$833$543$348$41
35 years$1,767$1,189$779$499$315$35
36 years$1,699$1,129$729$460$285$29
37 years$1,635$1,072$682$424$259$24
38 years$1,575$1,019$639$391$234$21
39 years$1,517$969$598$360$213$17
40 years$1,463$922$561$332$193$14
41 years$1,411$877$526$306$175$12
42 years$1,362$835$493$283$159$10
43 years$1,316$796$463$261$144$9
44 years$1,271$759$435$241$131$7
45 years$1,229$724$408$223$119$6
46 years$1,189$690$383$206$108$5
47 years$1,150$659$360$190$98$4
48 years$1,113$629$338$176$89$4
49 years$1,078$600$318$162$81$3
50 years$1,045$574$299$150$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,070,000, adding $4,023 every year, while hoping to spend $53,364 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: 48/29/23 Blend
29$1,070,000$1,070,000$1,070,000$1,070,000
30$1,183,290$1,126,580$1,109,995$1,232,187
31$1,247,206$1,125,003$1,090,401$1,265,177
32$1,315,854$1,121,561$1,068,362$1,295,330
33$1,389,659$1,116,105$1,043,739$1,326,988
34$1,469,089$1,108,479$1,016,389$1,360,317
35$1,554,658$1,098,516$986,160$1,395,502
36$1,646,930$1,086,041$952,894$1,432,751
37$1,746,525$1,070,865$916,424$1,472,296
38$1,854,125$1,052,792$876,579$1,514,395
39$1,970,477$1,031,610$833,176$1,559,337
40$2,096,406$1,007,099$786,027$1,607,447
41$2,232,815$979,022$734,934$1,659,083
42$2,380,698$947,131$679,691$1,714,647
43$2,541,150$911,161$620,081$1,774,586
44$2,715,373$870,834$555,880$1,839,398
45$2,904,691$825,854$486,851$1,909,637
46$3,110,557$775,909$412,749$1,985,920
47$3,334,574$720,669$333,316$2,068,932
48$3,578,503$659,784$248,285$2,159,435
49$3,844,283$592,886$157,375$2,258,275
50$4,134,046$519,584$60,293$2,366,394
51$4,450,142$439,466$0$2,484,835
52$4,795,153$352,096$0$2,625,387
53$5,171,925$257,015$0$2,795,187
54$5,583,589$153,737$0$2,980,933
55$6,033,593$41,748$0$3,184,289
56$6,525,732$0$0$3,407,101
57$7,064,186$0$0$3,676,770
58$7,653,557$0$0$3,986,636
59$8,298,911$0$0$4,326,056
60$9,005,829$0$0$4,697,980
61$9,780,456$0$0$5,105,656
62$10,629,561$0$0$5,552,662
63$11,560,596$0$0$6,042,939
64$12,581,771$0$0$6,580,827
65$13,702,130$0$0$7,171,107
66$14,931,630$0$0$7,819,046
67$16,281,245$0$0$8,530,443
68$17,763,057$0$0$9,311,690
69$19,390,380$0$0$10,169,824
70$21,177,878$0$0$11,112,601
71$23,141,705$0$0$12,148,563
72$25,299,659$0$0$13,287,122
73$27,671,345$0$0$14,538,644
74$30,278,364$0$0$15,914,554
75$33,144,511$0$0$17,427,434
76$36,296,005$0$0$19,091,151
77$39,761,730$0$0$20,920,979
78$43,573,510$0$0$22,933,750
79$47,766,409$0$0$25,148,006
80$52,379,057$0$0$27,584,179
81$57,454,021$0$0$30,264,782
82$63,038,199$0$0$33,214,616
83$69,183,264$0$0$36,461,013
84$75,946,154$0$0$40,034,085
85$83,389,604$0$0$43,967,013
86$91,582,740$0$0$48,296,357
87$100,601,728$0$0$53,062,403
88$110,530,496$0$0$58,309,539
89$121,461,521$0$0$64,086,679
90$133,496,704$0$0$70,447,719
91$146,748,327$0$0$77,452,046
92$161,340,117$0$0$85,165,104
93$177,408,409$0$0$93,659,000
94$195,103,432$0$0$103,013,197
95$214,590,728$0$0$113,315,252
96$236,052,710$0$0$124,661,650
97$259,690,387$0$0$137,158,711
98$285,725,256$0$0$150,923,591
99$314,401,395$0$0$166,085,392
100$345,987,763$0$0$182,786,376