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%11.4%
1 years$90,011$89,209$88,427$87,664$86,918$86,407
2 years$44,560$43,730$42,926$42,146$41,390$40,873
3 years$29,412$28,578$27,776$27,003$26,259$25,755
4 years$21,839$21,008$20,214$19,454$18,728$18,239
5 years$17,296$16,470$15,687$14,943$14,237$13,764
6 years$14,269$13,449$12,677$11,950$11,265$10,810
7 years$12,108$11,295$10,535$9,825$9,162$8,724
8 years$10,487$9,682$8,934$8,242$7,600$7,181
9 years$9,228$8,430$7,695$7,020$6,401$5,998
10 years$8,220$7,430$6,709$6,051$5,454$5,069
11 years$7,397$6,615$5,906$5,267$4,690$4,322
12 years$6,711$5,937$5,242$4,619$4,065$3,713
13 years$6,131$5,365$4,683$4,078$3,544$3,209
14 years$5,635$4,877$4,208$3,620$3,107$2,788
15 years$5,205$4,455$3,799$3,229$2,736$2,432
16 years$4,829$4,088$3,444$2,891$2,418$2,130
17 years$4,498$3,765$3,134$2,597$2,144$1,870
18 years$4,204$3,479$2,861$2,341$1,906$1,647
19 years$3,941$3,224$2,619$2,115$1,699$1,453
20 years$3,705$2,996$2,404$1,916$1,518$1,285
21 years$3,491$2,790$2,211$1,739$1,358$1,139
22 years$3,297$2,605$2,038$1,581$1,217$1,010
23 years$3,121$2,436$1,882$1,440$1,093$897
24 years$2,959$2,283$1,740$1,313$982$798
25 years$2,810$2,142$1,612$1,199$884$711
26 years$2,673$2,013$1,495$1,096$796$633
27 years$2,547$1,895$1,388$1,004$718$565
28 years$2,429$1,785$1,290$919$648$504
29 years$2,320$1,684$1,201$843$585$450
30 years$2,219$1,591$1,119$774$528$402
31 years$2,124$1,504$1,043$711$478$359
32 years$2,035$1,423$973$653$432$321
33 years$1,952$1,347$908$601$391$288
34 years$1,874$1,277$849$553$354$257
35 years$1,800$1,211$794$509$321$230
36 years$1,731$1,150$742$469$291$206
37 years$1,666$1,092$695$432$263$185
38 years$1,604$1,038$651$398$239$166
39 years$1,546$987$610$367$217$148
40 years$1,490$939$571$338$196$133
41 years$1,438$894$536$312$178$119
42 years$1,388$851$503$288$162$107
43 years$1,340$811$472$266$147$96
44 years$1,295$773$443$246$133$86
45 years$1,252$737$416$227$121$77
46 years$1,211$703$390$210$110$69
47 years$1,172$671$367$194$100$62
48 years$1,134$641$345$179$91$56
49 years$1,098$612$324$165$82$50
50 years$1,064$584$305$153$75$45

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 $4,820 every year, while hoping to spend $23,719 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: 59/29/12 Blend
29$1,090,000$1,090,000$1,090,000$1,090,000
30$1,206,152$1,148,382$1,131,487$1,273,502
31$1,303,942$1,179,416$1,144,155$1,350,464
32$1,410,913$1,211,175$1,156,452$1,431,263
33$1,527,974$1,243,671$1,168,342$1,518,799
34$1,656,130$1,276,913$1,179,783$1,613,721
35$1,796,485$1,310,912$1,190,736$1,716,746
36$1,950,256$1,345,677$1,201,156$1,828,664
37$2,118,784$1,381,216$1,210,996$1,950,342
38$2,303,544$1,417,540$1,220,208$2,082,737
39$2,506,162$1,454,656$1,228,742$2,226,902
40$2,728,428$1,492,572$1,236,542$2,383,997
41$2,972,315$1,531,294$1,243,553$2,555,298
42$3,239,993$1,570,830$1,249,715$2,742,214
43$3,533,857$1,611,185$1,254,964$2,946,294
44$3,856,542$1,652,365$1,259,237$3,169,244
45$4,210,950$1,694,372$1,262,463$3,412,946
46$4,600,281$1,737,210$1,264,569$3,679,470
47$5,028,058$1,780,882$1,265,481$3,971,100
48$5,498,163$1,825,387$1,265,117$4,290,349
49$6,014,871$1,870,727$1,263,394$4,639,987
50$6,582,894$1,916,899$1,260,224$5,023,066
51$7,207,423$1,963,901$1,255,515$5,442,949
52$7,894,175$2,011,727$1,249,170$5,903,340
53$8,649,451$2,060,372$1,241,087$6,408,321
54$9,480,193$2,109,828$1,231,161$6,962,389
55$10,394,048$2,160,085$1,219,281$7,570,502
56$11,399,443$2,211,131$1,205,328$8,238,119
57$12,505,662$2,262,952$1,189,183$8,971,258
58$13,722,934$2,315,532$1,170,715$9,776,549
59$15,062,532$2,368,851$1,149,793$10,661,298
60$16,536,875$2,422,889$1,126,275$11,633,557
61$18,159,646$2,477,621$1,100,016$12,702,197
62$19,945,924$2,533,019$1,070,860$13,876,994
63$21,912,324$2,589,052$1,038,649$15,168,722
64$24,077,151$2,645,686$1,003,215$16,589,252
65$26,460,579$2,702,883$964,381$18,151,666
66$29,084,834$2,760,600$921,964$19,870,381
67$31,974,410$2,818,792$875,772$21,761,283
68$35,156,294$2,877,408$825,605$23,841,881
69$38,660,226$2,936,391$771,253$26,131,467
70$42,518,976$2,995,681$712,497$28,651,301
71$46,768,654$3,055,212$649,108$31,424,814
72$51,449,051$3,114,911$580,847$34,477,825
73$56,604,012$3,174,700$507,463$37,838,787
74$62,281,855$3,234,494$428,697$41,539,058
75$68,535,822$3,294,201$344,276$45,613,192
76$75,424,581$3,353,723$253,915$50,099,270
77$83,012,784$3,412,951$157,317$55,039,258
78$91,371,674$3,471,771$54,172$60,479,401
79$100,579,754$3,530,058$0$66,470,667
80$110,723,537$3,587,678$0$73,076,375
81$121,898,351$3,644,488$0$80,359,133
82$134,209,249$3,700,334$0$88,380,250
83$147,771,992$3,755,050$0$97,214,943
84$162,714,147$3,808,459$0$106,946,099
85$179,176,288$3,860,371$0$117,665,059
86$197,313,325$3,910,585$0$129,472,479
87$217,295,962$3,958,882$0$142,479,283
88$239,312,314$4,005,031$0$156,807,708
89$263,569,677$4,048,784$0$172,592,458
90$290,296,487$4,089,878$0$189,981,978
91$319,744,478$4,128,030$0$209,139,852
92$352,191,052$4,162,941$0$230,246,353
93$387,941,905$4,194,291$0$253,500,139
94$427,333,907$4,221,739$0$279,120,133
95$470,738,284$4,244,923$0$307,347,587
96$518,564,121$4,263,456$0$338,448,364
97$571,262,225$4,276,930$0$372,715,445
98$629,329,380$4,284,907$0$410,471,693
99$693,313,035$4,286,925$0$452,072,910
100$763,816,472$4,282,492$0$497,911,188