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

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$89,185$88,391$87,616$86,859$86,121$83,131
2 years$44,151$43,329$42,532$41,759$41,010$38,029
3 years$29,142$28,316$27,521$26,756$26,018$23,140
4 years$21,638$20,815$20,028$19,276$18,557$15,802
5 years$17,138$16,319$15,543$14,806$14,106$11,483
6 years$14,138$13,326$12,561$11,840$11,162$8,672
7 years$11,997$11,191$10,438$9,735$9,078$6,721
8 years$10,391$9,593$8,852$8,166$7,531$5,305
9 years$9,143$8,352$7,625$6,956$6,342$4,245
10 years$8,145$7,362$6,647$5,996$5,404$3,431
11 years$7,329$6,554$5,852$5,218$4,647$2,796
12 years$6,650$5,883$5,194$4,577$4,027$2,292
13 years$6,075$5,316$4,640$4,041$3,512$1,889
14 years$5,583$4,832$4,169$3,587$3,078$1,563
15 years$5,157$4,414$3,764$3,199$2,711$1,297
16 years$4,785$4,050$3,413$2,864$2,396$1,080
17 years$4,457$3,730$3,106$2,574$2,124$900
18 years$4,165$3,447$2,835$2,319$1,889$752
19 years$3,905$3,194$2,595$2,096$1,683$630
20 years$3,671$2,968$2,382$1,898$1,504$527
21 years$3,459$2,765$2,191$1,723$1,346$442
22 years$3,267$2,581$2,019$1,566$1,206$371
23 years$3,092$2,414$1,864$1,426$1,083$312
24 years$2,932$2,262$1,724$1,301$973$262
25 years$2,784$2,122$1,597$1,188$876$220
26 years$2,649$1,995$1,481$1,086$789$185
27 years$2,523$1,877$1,375$994$711$156
28 years$2,407$1,769$1,279$911$642$131
29 years$2,299$1,669$1,190$835$579$111
30 years$2,198$1,576$1,108$767$524$93
31 years$2,104$1,490$1,033$704$473$78
32 years$2,017$1,410$964$647$428$66
33 years$1,934$1,335$900$595$387$56
34 years$1,857$1,265$841$548$351$47
35 years$1,784$1,200$786$504$318$40
36 years$1,715$1,139$736$464$288$33
37 years$1,651$1,082$688$428$261$28
38 years$1,589$1,028$645$394$237$24
39 years$1,531$978$604$364$215$20
40 years$1,477$930$566$335$195$17
41 years$1,424$885$531$309$177$14
42 years$1,375$843$498$285$160$12
43 years$1,328$803$467$264$145$10
44 years$1,283$766$439$243$132$9
45 years$1,241$730$412$225$120$7
46 years$1,200$697$387$208$109$6
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$4
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 $4,122 every year, while hoping to spend $27,938 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: 52/42/6 Blend
29$1,080,000$1,080,000$1,080,000$1,080,000
30$1,194,412$1,137,172$1,120,432$1,254,617
31$1,286,516$1,163,167$1,128,240$1,321,904
32$1,387,078$1,189,500$1,135,374$1,391,645
33$1,496,932$1,216,158$1,141,781$1,466,811
34$1,616,995$1,243,125$1,147,407$1,547,917
35$1,748,277$1,270,387$1,152,193$1,635,532
36$1,891,889$1,297,923$1,156,079$1,730,281
37$2,049,056$1,325,716$1,159,003$1,832,853
38$2,221,127$1,353,743$1,160,896$1,944,007
39$2,409,585$1,381,980$1,161,689$2,064,579
40$2,616,066$1,410,400$1,161,309$2,195,489
41$2,842,370$1,438,975$1,159,678$2,337,752
42$3,090,480$1,467,673$1,156,716$2,492,486
43$3,362,580$1,496,461$1,152,337$2,660,922
44$3,661,077$1,525,300$1,146,454$2,844,416
45$3,988,618$1,554,151$1,138,971$3,044,464
46$4,348,123$1,582,971$1,129,793$3,262,712
47$4,742,807$1,611,712$1,118,816$3,500,976
48$5,176,210$1,640,323$1,105,934$3,761,257
49$5,652,234$1,668,749$1,091,033$4,045,758
50$6,175,176$1,696,932$1,073,997$4,356,909
51$6,749,771$1,724,808$1,054,702$4,697,387
52$7,381,233$1,752,309$1,033,020$5,070,143
53$8,075,308$1,779,361$1,008,815$5,478,430
54$8,838,326$1,805,887$981,947$5,925,830
55$9,677,261$1,831,801$952,268$6,416,295
56$10,599,796$1,857,014$919,624$6,954,178
57$11,614,397$1,881,429$883,853$7,544,277
58$12,730,389$1,904,943$844,786$8,191,881
59$13,958,050$1,927,447$802,248$8,902,820
60$15,308,701$1,948,821$756,052$9,683,519
61$16,794,816$1,968,941$706,008$10,541,058
62$18,430,141$1,987,673$651,913$11,483,242
63$20,229,820$2,004,874$593,557$12,518,675
64$22,210,540$2,020,391$530,719$13,656,838
65$24,390,688$2,034,063$463,171$14,908,182
66$26,790,523$2,045,717$390,672$16,284,226
67$29,432,369$2,055,169$312,972$17,797,665
68$32,340,823$2,062,225$229,810$19,462,494
69$35,542,990$2,066,677$140,911$21,294,135
70$39,068,735$2,068,304$45,992$23,309,589
71$42,950,968$2,066,873$0$25,527,593
72$47,225,950$2,062,133$0$27,972,337
73$51,933,641$2,053,822$0$30,666,416
74$57,118,072$2,041,659$0$33,631,990
75$62,827,762$2,025,346$0$36,896,733
76$69,116,175$2,004,570$0$40,491,141
77$76,042,225$1,978,994$0$44,448,828
78$83,670,833$1,948,266$0$48,806,840
79$92,073,536$1,912,009$0$53,606,006
80$101,329,166$1,869,827$0$58,891,324
81$111,524,591$1,821,298$0$64,712,388
82$122,755,533$1,765,976$0$71,123,853
83$135,127,478$1,703,389$0$78,185,961
84$148,756,665$1,633,039$0$85,965,098
85$163,771,183$1,554,396$0$94,534,435
86$180,312,184$1,466,902$0$103,974,610
87$198,535,212$1,369,965$0$114,374,496
88$218,611,671$1,262,961$0$125,832,039
89$240,730,443$1,145,228$0$138,455,184
90$265,099,673$1,016,069$0$152,362,899
91$291,948,728$874,744$0$167,686,296
92$321,530,366$720,475$0$184,569,872
93$354,123,122$552,436$0$203,172,875
94$390,033,933$369,759$0$223,670,810
95$429,601,040$171,523$0$246,257,097
96$473,197,178$0$0$271,144,899
97$521,233,091$0$0$298,589,125
98$574,161,416$0$0$328,916,076
99$632,480,951$0$0$362,332,309
100$696,741,363$0$0$399,152,801