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%13%
1 years$88,360$87,573$86,805$86,055$85,323$84,257
2 years$43,742$42,928$42,138$41,373$40,630$39,557
3 years$28,872$28,054$27,266$26,508$25,777$24,731
4 years$21,438$20,622$19,843$19,097$18,385$17,373
5 years$16,979$16,168$15,399$14,669$13,976$13,002
6 years$14,007$13,203$12,445$11,731$11,059$10,124
7 years$11,885$11,088$10,341$9,644$8,994$8,098
8 years$10,295$9,504$8,770$8,090$7,461$6,605
9 years$9,058$8,275$7,554$6,891$6,283$5,466
10 years$8,070$7,294$6,586$5,940$5,354$4,574
11 years$7,261$6,493$5,798$5,170$4,604$3,862
12 years$6,588$5,828$5,146$4,535$3,990$3,285
13 years$6,019$5,267$4,597$4,003$3,479$2,810
14 years$5,531$4,788$4,131$3,554$3,050$2,415
15 years$5,109$4,373$3,729$3,169$2,685$2,085
16 years$4,741$4,013$3,381$2,838$2,373$1,805
17 years$4,415$3,695$3,077$2,550$2,104$1,568
18 years$4,127$3,415$2,809$2,298$1,871$1,365
19 years$3,869$3,165$2,571$2,076$1,668$1,191
20 years$3,637$2,941$2,360$1,880$1,490$1,041
21 years$3,427$2,739$2,171$1,707$1,333$911
22 years$3,237$2,557$2,000$1,552$1,195$799
23 years$3,063$2,392$1,847$1,413$1,073$701
24 years$2,904$2,241$1,708$1,289$964$616
25 years$2,759$2,103$1,582$1,177$868$541
26 years$2,624$1,976$1,467$1,076$781$476
27 years$2,500$1,860$1,363$985$705$420
28 years$2,385$1,753$1,267$903$636$370
29 years$2,278$1,653$1,179$828$574$326
30 years$2,178$1,561$1,098$760$519$287
31 years$2,085$1,476$1,024$698$469$254
32 years$1,998$1,397$955$641$424$224
33 years$1,916$1,323$892$590$384$198
34 years$1,840$1,254$833$543$348$174
35 years$1,767$1,189$779$499$315$154
36 years$1,699$1,129$729$460$285$136
37 years$1,635$1,072$682$424$259$120
38 years$1,575$1,019$639$391$234$106
39 years$1,517$969$598$360$213$94
40 years$1,463$922$561$332$193$83
41 years$1,411$877$526$306$175$73
42 years$1,362$835$493$283$159$65
43 years$1,316$796$463$261$144$57
44 years$1,271$759$435$241$131$51
45 years$1,229$724$408$223$119$45
46 years$1,189$690$383$206$108$40
47 years$1,150$659$360$190$98$35
48 years$1,113$629$338$176$89$31
49 years$1,078$600$318$162$81$28
50 years$1,045$574$299$150$73$24

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 $2,969 every year, while hoping to spend $51,494 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: 44/49/7 Blend
29$1,070,000$1,070,000$1,070,000$1,070,000
30$1,182,203$1,125,493$1,108,908$1,231,747
31$1,247,998$1,125,852$1,091,267$1,266,679
32$1,318,779$1,124,504$1,071,309$1,298,985
33$1,394,999$1,121,310$1,048,903$1,332,807
34$1,477,157$1,116,122$1,023,909$1,368,300
35$1,565,801$1,108,786$996,184$1,405,640
36$1,661,534$1,099,137$965,577$1,445,024
37$1,765,015$1,087,000$931,929$1,486,671
38$1,876,973$1,072,189$895,075$1,530,826
39$1,998,206$1,054,509$854,842$1,577,764
40$2,129,593$1,033,750$811,049$1,627,790
41$2,272,100$1,009,692$763,508$1,681,246
42$2,426,789$982,102$712,020$1,738,513
43$2,594,829$950,732$656,381$1,800,015
44$2,777,505$915,322$596,373$1,866,227
45$2,976,232$875,593$531,772$1,937,675
46$3,192,564$831,254$462,343$2,014,946
47$3,428,213$781,993$387,839$2,098,693
48$3,685,065$727,484$308,006$2,189,644
49$3,965,191$667,381$222,573$2,288,605
50$4,270,874$601,316$131,263$2,396,475
51$4,604,625$528,902$33,782$2,514,253
52$4,969,210$449,731$0$2,643,046
53$5,367,672$363,371$0$2,789,333
54$5,803,362$269,364$0$2,952,266
55$6,279,972$167,229$0$3,130,862
56$6,801,562$56,457$0$3,326,829
57$7,372,607$0$0$3,542,058
58$7,998,033$0$0$3,812,882
59$8,683,265$0$0$4,143,084
60$9,434,278$0$0$4,505,117
61$10,257,652$0$0$4,902,169
62$11,160,635$0$0$5,337,753
63$12,151,207$0$0$5,815,736
64$13,238,162$0$0$6,340,380
65$14,431,183$0$0$6,916,379
66$15,740,939$0$0$7,548,901
67$17,179,179$0$0$8,243,643
68$18,758,849$0$0$9,006,878
69$20,494,208$0$0$9,845,518
70$22,400,966$0$0$10,767,178
71$24,496,428$0$0$11,780,245
72$26,799,659$0$0$12,893,962
73$29,331,665$0$0$14,118,511
74$32,115,586$0$0$15,465,108
75$35,176,919$0$0$16,946,113
76$38,543,752$0$0$18,575,143
77$42,247,033$0$0$20,367,201
78$46,320,862$0$0$22,338,816
79$50,802,806$0$0$24,508,202
80$55,734,262$0$0$26,895,427
81$61,160,838$0$0$29,522,601
82$67,132,787$0$0$32,414,089
83$73,705,481$0$0$35,596,733
84$80,939,933$0$0$39,100,114
85$88,903,368$0$0$42,956,825
86$97,669,862$0$0$47,202,777
87$107,321,036$0$0$51,877,544
88$117,946,829$0$0$57,024,729
89$129,646,343$0$0$62,692,382
90$142,528,778$0$0$68,933,445
91$156,714,465$0$0$75,806,260
92$172,335,997$0$0$83,375,112
93$189,539,479$0$0$91,710,841
94$208,485,910$0$0$100,891,505
95$229,352,700$0$0$111,003,121
96$252,335,341$0$0$122,140,473
97$277,649,254$0$0$134,408,009
98$305,531,821$0$0$147,920,823
99$336,244,623$0$0$162,805,746
100$370,075,912$0$0$179,202,536