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%14.4%
1 years$89,185$88,391$87,616$86,859$86,121$84,555
2 years$44,151$43,329$42,532$41,759$41,010$39,438
3 years$29,142$28,316$27,521$26,756$26,018$24,489
4 years$21,638$20,815$20,028$19,276$18,557$17,082
5 years$17,138$16,319$15,543$14,806$14,106$12,691
6 years$14,138$13,326$12,561$11,840$11,162$9,807
7 years$11,997$11,191$10,438$9,735$9,078$7,783
8 years$10,391$9,593$8,852$8,166$7,531$6,297
9 years$9,143$8,352$7,625$6,956$6,342$5,168
10 years$8,145$7,362$6,647$5,996$5,404$4,288
11 years$7,329$6,554$5,852$5,218$4,647$3,589
12 years$6,650$5,883$5,194$4,577$4,027$3,025
13 years$6,075$5,316$4,640$4,041$3,512$2,564
14 years$5,583$4,832$4,169$3,587$3,078$2,184
15 years$5,157$4,414$3,764$3,199$2,711$1,867
16 years$4,785$4,050$3,413$2,864$2,396$1,601
17 years$4,457$3,730$3,106$2,574$2,124$1,376
18 years$4,165$3,447$2,835$2,319$1,889$1,186
19 years$3,905$3,194$2,595$2,096$1,683$1,024
20 years$3,671$2,968$2,382$1,898$1,504$886
21 years$3,459$2,765$2,191$1,723$1,346$768
22 years$3,267$2,581$2,019$1,566$1,206$666
23 years$3,092$2,414$1,864$1,426$1,083$578
24 years$2,932$2,262$1,724$1,301$973$502
25 years$2,784$2,122$1,597$1,188$876$437
26 years$2,649$1,995$1,481$1,086$789$380
27 years$2,523$1,877$1,375$994$711$331
28 years$2,407$1,769$1,279$911$642$288
29 years$2,299$1,669$1,190$835$579$251
30 years$2,198$1,576$1,108$767$524$219
31 years$2,104$1,490$1,033$704$473$191
32 years$2,017$1,410$964$647$428$167
33 years$1,934$1,335$900$595$387$145
34 years$1,857$1,265$841$548$351$127
35 years$1,784$1,200$786$504$318$111
36 years$1,715$1,139$736$464$288$97
37 years$1,651$1,082$688$428$261$84
38 years$1,589$1,028$645$394$237$74
39 years$1,531$978$604$364$215$64
40 years$1,477$930$566$335$195$56
41 years$1,424$885$531$309$177$49
42 years$1,375$843$498$285$160$43
43 years$1,328$803$467$264$145$38
44 years$1,283$766$439$243$132$33
45 years$1,241$730$412$225$120$29
46 years$1,200$697$387$208$109$25
47 years$1,161$665$363$192$99$22
48 years$1,124$635$341$177$90$19
49 years$1,088$606$321$164$81$17
50 years$1,054$579$302$151$74$15

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 $3,910 every year, while hoping to spend $28,858 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: 25/49/26 Blend
29$1,080,000$1,080,000$1,080,000$1,080,000
30$1,194,193$1,136,953$1,120,213$1,214,183
31$1,285,296$1,161,959$1,127,036$1,255,991
32$1,384,725$1,187,223$1,133,119$1,298,061
33$1,493,297$1,212,728$1,138,409$1,342,561
34$1,611,914$1,238,453$1,142,847$1,389,716
35$1,741,570$1,264,377$1,146,373$1,439,770
36$1,883,355$1,290,476$1,148,921$1,492,996
37$2,038,472$1,316,725$1,150,425$1,549,693
38$2,208,247$1,343,095$1,150,815$1,610,193
39$2,394,137$1,369,555$1,150,016$1,674,862
40$2,597,748$1,396,073$1,147,951$1,744,104
41$2,820,849$1,422,611$1,144,538$1,818,366
42$3,065,387$1,449,130$1,139,692$1,898,143
43$3,333,508$1,475,589$1,133,322$1,983,978
44$3,627,574$1,501,941$1,125,337$2,076,474
45$3,950,187$1,528,136$1,115,636$2,176,296
46$4,304,213$1,554,123$1,104,117$2,284,179
47$4,692,810$1,579,842$1,090,672$2,400,934
48$5,119,455$1,605,233$1,075,189$2,527,458
49$5,587,980$1,630,229$1,057,547$2,664,740
50$6,102,603$1,654,760$1,037,625$2,813,873
51$6,667,975$1,678,749$1,015,291$2,976,064
52$7,289,216$1,702,116$990,411$3,152,646
53$7,971,969$1,724,772$962,843$3,345,090
54$8,722,449$1,746,625$932,437$3,555,021
55$9,547,504$1,767,575$899,039$3,784,232
56$10,454,678$1,787,515$862,486$4,034,705
57$11,452,285$1,806,333$822,608$4,308,624
58$12,549,480$1,823,906$779,229$4,608,404
59$13,756,356$1,840,105$732,161$4,936,708
60$15,084,027$1,854,794$681,212$5,296,475
61$16,544,744$1,867,825$626,178$5,690,951
62$18,152,001$1,879,042$566,849$6,123,716
63$19,920,669$1,888,278$503,002$6,598,723
64$21,867,132$1,895,358$434,407$7,120,332
65$24,009,442$1,900,094$360,822$7,693,357
66$26,367,492$1,902,285$281,997$8,323,106
67$28,963,199$1,901,720$197,666$9,015,439
68$31,820,714$1,898,173$107,557$9,776,820
69$34,966,649$1,891,405$11,382$10,614,381
70$38,430,326$1,881,163$0$11,535,989
71$42,244,056$1,867,177$0$12,575,639
72$46,443,443$1,849,161$0$13,722,606
73$51,067,717$1,826,813$0$14,984,380
74$56,160,109$1,799,812$0$16,372,706
75$61,768,255$1,767,818$0$17,900,533
76$67,944,646$1,730,470$0$19,582,134
77$74,747,124$1,687,387$0$21,433,250
78$82,239,426$1,638,165$0$23,471,230
79$90,491,789$1,582,376$0$25,715,205
80$99,581,606$1,519,567$0$28,186,264
81$109,594,164$1,449,260$0$30,907,654
82$120,623,442$1,370,947$0$33,905,007
83$132,773,004$1,284,094$0$37,206,578
84$146,156,968$1,188,133$0$40,843,514
85$160,901,093$1,082,465$0$44,850,152
86$177,143,955$966,457$0$49,264,345
87$195,038,265$839,439$0$54,127,818
88$214,752,301$700,705$0$59,486,568
89$236,471,503$549,507$0$65,391,298
90$260,400,219$385,056$0$71,897,900
91$286,763,637$206,518$0$79,067,983
92$315,809,904$13,014$0$86,969,457
93$347,812,477$0$0$95,677,182
94$383,072,695$0$0$105,379,562
95$421,922,632$0$0$116,077,775
96$464,728,222$0$0$127,865,615
97$511,892,722$0$0$140,854,174
98$563,860,510$0$0$155,165,873
99$621,121,287$0$0$170,935,619
100$684,214,693$0$0$188,312,079