Can I retire at age 30 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$89,185$88,391$87,616$86,859$86,121$83,032
2 years$44,151$43,329$42,532$41,759$41,010$37,931
3 years$29,142$28,316$27,521$26,756$26,018$23,047
4 years$21,638$20,815$20,028$19,276$18,557$15,715
5 years$17,138$16,319$15,543$14,806$14,106$11,402
6 years$14,138$13,326$12,561$11,840$11,162$8,597
7 years$11,997$11,191$10,438$9,735$9,078$6,651
8 years$10,391$9,593$8,852$8,166$7,531$5,241
9 years$9,143$8,352$7,625$6,956$6,342$4,186
10 years$8,145$7,362$6,647$5,996$5,404$3,377
11 years$7,329$6,554$5,852$5,218$4,647$2,746
12 years$6,650$5,883$5,194$4,577$4,027$2,247
13 years$6,075$5,316$4,640$4,041$3,512$1,848
14 years$5,583$4,832$4,169$3,587$3,078$1,526
15 years$5,157$4,414$3,764$3,199$2,711$1,264
16 years$4,785$4,050$3,413$2,864$2,396$1,049
17 years$4,457$3,730$3,106$2,574$2,124$873
18 years$4,165$3,447$2,835$2,319$1,889$728
19 years$3,905$3,194$2,595$2,096$1,683$608
20 years$3,671$2,968$2,382$1,898$1,504$508
21 years$3,459$2,765$2,191$1,723$1,346$425
22 years$3,267$2,581$2,019$1,566$1,206$356
23 years$3,092$2,414$1,864$1,426$1,083$298
24 years$2,932$2,262$1,724$1,301$973$250
25 years$2,784$2,122$1,597$1,188$876$210
26 years$2,649$1,995$1,481$1,086$789$176
27 years$2,523$1,877$1,375$994$711$148
28 years$2,407$1,769$1,279$911$642$124
29 years$2,299$1,669$1,190$835$579$104
30 years$2,198$1,576$1,108$767$524$88
31 years$2,104$1,490$1,033$704$473$74
32 years$2,017$1,410$964$647$428$62
33 years$1,934$1,335$900$595$387$52
34 years$1,857$1,265$841$548$351$44
35 years$1,784$1,200$786$504$318$37
36 years$1,715$1,139$736$464$288$31
37 years$1,651$1,082$688$428$261$26
38 years$1,589$1,028$645$394$237$22
39 years$1,531$978$604$364$215$18
40 years$1,477$930$566$335$195$15
41 years$1,424$885$531$309$177$13
42 years$1,375$843$498$285$160$11
43 years$1,328$803$467$264$145$9
44 years$1,283$766$439$243$132$8
45 years$1,241$730$412$225$120$6
46 years$1,200$697$387$208$109$5
47 years$1,161$665$363$192$99$5
48 years$1,124$635$341$177$90$4
49 years$1,088$606$321$164$81$3
50 years$1,054$579$302$151$74$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,080,000, adding $6,843 every year, while hoping to spend $33,145 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: 78/14/8 Blend
29$1,080,000$1,080,000$1,080,000$1,080,000
30$1,197,219$1,139,979$1,123,239$1,288,739
31$1,284,069$1,160,571$1,125,601$1,370,383
32$1,378,667$1,181,063$1,126,932$1,454,914
33$1,481,768$1,201,412$1,127,161$1,546,645
34$1,594,204$1,221,576$1,126,216$1,646,279
35$1,716,889$1,241,510$1,124,021$1,754,588
36$1,850,830$1,261,162$1,120,494$1,872,425
37$1,997,136$1,280,480$1,115,552$2,000,728
38$2,157,027$1,299,407$1,109,106$2,140,530
39$2,331,846$1,317,881$1,101,064$2,292,969
40$2,523,074$1,335,836$1,091,329$2,459,299
41$2,732,338$1,353,203$1,079,799$2,640,902
42$2,961,432$1,369,906$1,066,368$2,839,300
43$3,212,332$1,385,864$1,050,924$3,056,169
44$3,487,211$1,400,993$1,033,352$3,293,357
45$3,788,466$1,415,201$1,013,528$3,552,899
46$4,118,733$1,428,390$991,326$3,837,038
47$4,480,919$1,440,456$966,610$4,148,245
48$4,878,224$1,451,289$939,242$4,489,243
49$5,314,171$1,460,771$909,075$4,863,031
50$5,792,644$1,468,776$875,957$5,272,918
51$6,317,918$1,475,170$839,726$5,722,544
52$6,894,704$1,479,813$800,216$6,215,926
53$7,528,193$1,482,552$757,251$6,757,487
54$8,224,099$1,483,227$710,649$7,352,102
55$8,988,720$1,481,669$660,219$8,005,144
56$9,828,994$1,477,695$605,762$8,722,532
57$10,752,565$1,471,115$547,068$9,510,792
58$11,767,851$1,461,725$483,919$10,377,113
59$12,884,130$1,449,307$416,089$11,329,419
60$14,111,622$1,433,634$343,339$12,376,441
61$15,461,588$1,414,463$265,421$13,527,803
62$16,946,434$1,391,535$182,076$14,794,110
63$18,579,828$1,364,578$93,033$16,187,048
64$20,376,832$1,333,304$0$17,719,498
65$22,354,038$1,297,405$0$19,405,824
66$24,529,731$1,256,559$0$21,269,984
67$26,924,055$1,210,422$0$23,321,295
68$29,559,208$1,158,632$0$25,578,783
69$32,459,646$1,100,804$0$28,063,413
70$35,652,320$1,036,533$0$30,798,292
71$39,166,922$965,389$0$33,808,879
72$43,036,173$886,918$0$37,123,233
73$47,296,125$800,640$0$40,772,272
74$51,986,506$706,047$0$44,790,071
75$57,151,091$602,604$0$49,214,176
76$62,838,114$489,744$0$54,085,968
77$69,100,729$366,869$0$59,451,044
78$75,997,504$233,346$0$65,359,657
79$83,592,978$88,509$0$71,867,182
80$91,958,268$0$0$79,034,646
81$101,171,740$0$0$86,939,830
82$111,319,748$0$0$95,661,916
83$122,497,451$0$0$105,269,064
84$134,809,707$0$0$115,851,403
85$148,372,064$0$0$127,508,256
86$163,311,852$0$0$140,349,068
87$179,769,383$0$0$154,494,444
88$197,899,274$0$0$170,077,287
89$217,871,905$0$0$187,244,048
90$239,875,033$0$0$206,156,113
91$264,115,555$0$0$226,991,325
92$290,821,469$0$0$249,945,657
93$320,244,019$0$0$275,235,069
94$352,660,070$0$0$303,097,543
95$388,374,720$0$0$333,795,327
96$427,724,179$0$0$367,617,412
97$471,078,943$0$0$404,882,261
98$518,847,290$0$0$445,940,813
99$571,479,134$0$0$491,179,795
100$629,470,273$0$0$541,025,374