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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$88,360$87,573$86,805$86,055$85,323$83,362
2 years$43,742$42,928$42,138$41,373$40,630$38,665
3 years$28,872$28,054$27,266$26,508$25,777$23,870
4 years$21,438$20,622$19,843$19,097$18,385$16,550
5 years$16,979$16,168$15,399$14,669$13,976$12,218
6 years$14,007$13,203$12,445$11,731$11,059$9,380
7 years$11,885$11,088$10,341$9,644$8,994$7,394
8 years$10,295$9,504$8,770$8,090$7,461$5,941
9 years$9,058$8,275$7,554$6,891$6,283$4,841
10 years$8,070$7,294$6,586$5,940$5,354$3,987
11 years$7,261$6,493$5,798$5,170$4,604$3,312
12 years$6,588$5,828$5,146$4,535$3,990$2,770
13 years$6,019$5,267$4,597$4,003$3,479$2,329
14 years$5,531$4,788$4,131$3,554$3,050$1,967
15 years$5,109$4,373$3,729$3,169$2,685$1,668
16 years$4,741$4,013$3,381$2,838$2,373$1,418
17 years$4,415$3,695$3,077$2,550$2,104$1,209
18 years$4,127$3,415$2,809$2,298$1,871$1,033
19 years$3,869$3,165$2,571$2,076$1,668$884
20 years$3,637$2,941$2,360$1,880$1,490$758
21 years$3,427$2,739$2,171$1,707$1,333$650
22 years$3,237$2,557$2,000$1,552$1,195$559
23 years$3,063$2,392$1,847$1,413$1,073$481
24 years$2,904$2,241$1,708$1,289$964$414
25 years$2,759$2,103$1,582$1,177$868$356
26 years$2,624$1,976$1,467$1,076$781$307
27 years$2,500$1,860$1,363$985$705$265
28 years$2,385$1,753$1,267$903$636$228
29 years$2,278$1,653$1,179$828$574$197
30 years$2,178$1,561$1,098$760$519$170
31 years$2,085$1,476$1,024$698$469$147
32 years$1,998$1,397$955$641$424$127
33 years$1,916$1,323$892$590$384$110
34 years$1,840$1,254$833$543$348$95
35 years$1,767$1,189$779$499$315$82
36 years$1,699$1,129$729$460$285$71
37 years$1,635$1,072$682$424$259$61
38 years$1,575$1,019$639$391$234$53
39 years$1,517$969$598$360$213$46
40 years$1,463$922$561$332$193$40
41 years$1,411$877$526$306$175$34
42 years$1,362$835$493$283$159$30
43 years$1,316$796$463$261$144$26
44 years$1,271$759$435$241$131$22
45 years$1,229$724$408$223$119$19
46 years$1,189$690$383$206$108$17
47 years$1,150$659$360$190$98$14
48 years$1,113$629$338$176$89$12
49 years$1,078$600$318$162$81$11
50 years$1,045$574$299$150$73$9

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 $3,999 every year, while hoping to spend $38,040 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: 64/14/22 Blend
29$1,070,000$1,070,000$1,070,000$1,070,000
30$1,183,265$1,126,555$1,109,970$1,252,025
31$1,263,484$1,141,282$1,106,680$1,313,562
32$1,350,610$1,155,456$1,102,004$1,376,131
33$1,445,308$1,169,009$1,095,857$1,443,616
34$1,548,308$1,181,869$1,088,147$1,516,504
35$1,660,416$1,193,961$1,078,780$1,595,328
36$1,782,515$1,205,201$1,067,656$1,680,679
37$1,915,579$1,215,504$1,054,670$1,773,205
38$2,060,680$1,224,776$1,039,714$1,873,625
39$2,218,997$1,232,918$1,022,672$1,982,730
40$2,391,829$1,239,825$1,003,426$2,101,393
41$2,580,604$1,245,385$981,849$2,230,577
42$2,786,896$1,249,479$957,811$2,371,345
43$3,012,436$1,251,980$931,175$2,524,867
44$3,259,132$1,252,754$901,796$2,692,438
45$3,529,082$1,251,658$869,525$2,875,482
46$3,824,600$1,248,540$834,205$3,075,572
47$4,148,229$1,243,239$795,672$3,294,443
48$4,502,775$1,235,584$753,753$3,534,008
49$4,891,325$1,225,394$708,271$3,796,379
50$5,317,279$1,212,477$659,036$4,083,881
51$5,784,381$1,196,629$605,854$4,399,082
52$6,296,757$1,177,633$548,519$4,744,813
53$6,858,951$1,155,261$486,819$5,124,197
54$7,475,965$1,129,270$420,529$5,540,676
55$8,153,313$1,099,404$349,416$5,998,049
56$8,897,067$1,065,391$273,238$6,500,501
57$9,713,916$1,026,943$191,739$7,052,651
58$10,611,228$983,755$104,654$7,659,591
59$11,597,119$935,506$11,707$8,326,936
60$12,680,534$881,854$0$9,060,876
61$13,871,323$822,439$0$9,888,776
62$15,180,339$756,881$0$10,801,893
63$16,619,541$684,775$0$11,805,851
64$18,202,102$605,696$0$12,909,877
65$19,942,536$519,195$0$14,124,142
66$21,856,834$424,795$0$15,459,854
67$23,962,616$321,995$0$16,929,365
68$26,279,294$210,264$0$18,546,287
69$28,828,257$89,042$0$20,325,622
70$31,633,070$0$0$22,283,905
71$34,719,702$0$0$24,445,867
72$38,116,761$0$0$26,840,446
73$41,855,773$0$0$29,476,157
74$45,971,475$0$0$32,377,496
75$50,502,139$0$0$35,571,458
76$55,489,942$0$0$39,087,784
77$60,981,352$0$0$42,959,249
78$67,027,577$0$0$47,221,965
79$73,685,039$0$0$51,915,726
80$81,015,914$0$0$57,084,380
81$89,088,709$0$0$62,776,244
82$97,978,919$0$0$69,044,560
83$107,769,730$0$0$75,947,996
84$118,552,808$0$0$83,551,200
85$130,429,163$0$0$91,925,411
86$143,510,101$0$0$101,149,129
87$157,918,275$0$0$111,308,858
88$173,788,843$0$0$122,499,918
89$191,270,739$0$0$134,827,349
90$210,528,086$0$0$148,406,900
91$231,741,735$0$0$163,366,120
92$255,110,980$0$0$179,845,566
93$280,855,433$0$0$198,000,122
94$309,217,099$0$0$218,000,467
95$340,462,659$0$0$240,034,684
96$374,885,986$0$0$264,310,033
97$412,810,921$0$0$291,054,910
98$454,594,326$0$0$320,521,001
99$500,629,454$0$0$352,985,654
100$551,349,660$0$0$388,754,505