Can I retire at age 30 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$90,011$89,209$88,427$87,664$86,918$83,602
2 years$44,560$43,730$42,926$42,146$41,390$38,087
3 years$29,412$28,578$27,776$27,003$26,259$23,075
4 years$21,839$21,008$20,214$19,454$18,728$15,687
5 years$17,296$16,470$15,687$14,943$14,237$11,345
6 years$14,269$13,449$12,677$11,950$11,265$8,526
7 years$12,108$11,295$10,535$9,825$9,162$6,574
8 years$10,487$9,682$8,934$8,242$7,600$5,161
9 years$9,228$8,430$7,695$7,020$6,401$4,107
10 years$8,220$7,430$6,709$6,051$5,454$3,301
11 years$7,397$6,615$5,906$5,267$4,690$2,674
12 years$6,711$5,937$5,242$4,619$4,065$2,179
13 years$6,131$5,365$4,683$4,078$3,544$1,785
14 years$5,635$4,877$4,208$3,620$3,107$1,467
15 years$5,205$4,455$3,799$3,229$2,736$1,210
16 years$4,829$4,088$3,444$2,891$2,418$1,001
17 years$4,498$3,765$3,134$2,597$2,144$829
18 years$4,204$3,479$2,861$2,341$1,906$688
19 years$3,941$3,224$2,619$2,115$1,699$572
20 years$3,705$2,996$2,404$1,916$1,518$476
21 years$3,491$2,790$2,211$1,739$1,358$396
22 years$3,297$2,605$2,038$1,581$1,217$330
23 years$3,121$2,436$1,882$1,440$1,093$275
24 years$2,959$2,283$1,740$1,313$982$230
25 years$2,810$2,142$1,612$1,199$884$192
26 years$2,673$2,013$1,495$1,096$796$160
27 years$2,547$1,895$1,388$1,004$718$134
28 years$2,429$1,785$1,290$919$648$112
29 years$2,320$1,684$1,201$843$585$94
30 years$2,219$1,591$1,119$774$528$78
31 years$2,124$1,504$1,043$711$478$65
32 years$2,035$1,423$973$653$432$55
33 years$1,952$1,347$908$601$391$46
34 years$1,874$1,277$849$553$354$38
35 years$1,800$1,211$794$509$321$32
36 years$1,731$1,150$742$469$291$27
37 years$1,666$1,092$695$432$263$22
38 years$1,604$1,038$651$398$239$19
39 years$1,546$987$610$367$217$16
40 years$1,490$939$571$338$196$13
41 years$1,438$894$536$312$178$11
42 years$1,388$851$503$288$162$9
43 years$1,340$811$472$266$147$8
44 years$1,295$773$443$246$133$6
45 years$1,252$737$416$227$121$5
46 years$1,211$703$390$210$110$5
47 years$1,172$671$367$194$100$4
48 years$1,134$641$345$179$91$3
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,090,000, adding $4,796 every year, while hoping to spend $57,443 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: 75/8/17 Blend
29$1,090,000$1,090,000$1,090,000$1,090,000
30$1,206,127$1,148,357$1,131,462$1,291,600
31$1,268,033$1,143,508$1,108,247$1,343,969
32$1,334,328$1,136,495$1,082,329$1,393,786
33$1,405,400$1,127,154$1,053,557$1,446,858
34$1,481,672$1,115,306$1,021,773$1,503,495
35$1,563,611$1,100,764$986,811$1,564,037
36$1,651,729$1,083,331$948,498$1,628,859
37$1,746,586$1,062,795$906,654$1,698,377
38$1,848,799$1,038,933$861,088$1,773,048
39$1,959,047$1,011,511$811,604$1,853,378
40$2,078,072$980,277$757,996$1,939,925
41$2,206,692$944,968$700,046$2,033,304
42$2,345,807$905,303$637,529$2,134,196
43$2,496,403$860,987$570,210$2,243,351
44$2,659,567$811,706$497,843$2,361,596
45$2,836,492$757,129$420,170$2,489,846
46$3,028,491$696,906$336,923$2,629,109
47$3,237,009$630,666$247,822$2,780,499
48$3,463,633$558,018$152,573$2,945,246
49$3,710,112$478,549$50,872$3,124,703
50$3,978,366$391,820$0$3,320,369
51$4,270,512$297,372$0$3,544,353
52$4,588,876$194,716$0$3,798,546
53$4,936,022$83,337$0$4,075,784
54$5,314,767$0$0$4,378,351
55$5,728,215$0$0$4,712,047
56$6,179,782$0$0$5,084,564
57$6,673,228$0$0$5,491,673
58$7,212,694$0$0$5,936,793
59$7,802,738$0$0$6,423,693
60$8,448,378$0$0$6,956,518
61$9,155,141$0$0$7,539,836
62$9,929,112$0$0$8,178,677
63$10,776,993$0$0$8,878,576
64$11,706,163$0$0$9,645,635
65$12,724,752$0$0$10,486,568
66$13,841,709$0$0$11,408,775
67$15,066,897$0$0$12,420,403
68$16,411,173$0$0$13,530,427
69$17,886,500$0$0$14,748,733
70$19,506,054$0$0$16,086,209
71$21,284,350$0$0$17,554,851
72$23,237,375$0$0$19,167,871
73$25,382,742$0$0$20,939,826
74$27,739,854$0$0$22,886,750
75$30,330,086$0$0$25,026,309
76$33,176,985$0$0$27,377,964
77$36,306,495$0$0$29,963,155
78$39,747,197$0$0$32,805,504
79$43,530,580$0$0$35,931,035
80$47,691,337$0$0$39,368,421
81$52,267,691$0$0$43,149,250
82$57,301,756$0$0$47,308,330
83$62,839,933$0$0$51,884,009
84$68,933,345$0$0$56,918,539
85$75,638,324$0$0$62,458,475
86$83,016,934$0$0$68,555,114
87$91,137,563$0$0$75,264,974
88$100,075,563$0$0$82,650,334
89$109,913,960$0$0$90,779,813
90$120,744,241$0$0$99,729,021
91$132,667,210$0$0$109,581,274
92$145,793,945$0$0$120,428,373
93$160,246,839$0$0$132,371,474
94$176,160,759$0$0$145,522,044
95$193,684,314$0$0$160,002,905
96$212,981,258$0$0$175,949,399
97$234,232,038$0$0$193,510,660
98$257,635,487$0$0$212,851,024
99$283,410,709$0$0$234,151,577
100$311,799,141$0$0$257,611,864