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

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$90,011$89,209$88,427$87,664$86,918$83,968
2 years$44,560$43,730$42,926$42,146$41,390$38,447
3 years$29,412$28,578$27,776$27,003$26,259$23,416
4 years$21,839$21,008$20,214$19,454$18,728$16,007
5 years$17,296$16,470$15,687$14,943$14,237$11,645
6 years$14,269$13,449$12,677$11,950$11,265$8,804
7 years$12,108$11,295$10,535$9,825$9,162$6,831
8 years$10,487$9,682$8,934$8,242$7,600$5,398
9 years$9,228$8,430$7,695$7,020$6,401$4,325
10 years$8,220$7,430$6,709$6,051$5,454$3,500
11 years$7,397$6,615$5,906$5,267$4,690$2,856
12 years$6,711$5,937$5,242$4,619$4,065$2,345
13 years$6,131$5,365$4,683$4,078$3,544$1,935
14 years$5,635$4,877$4,208$3,620$3,107$1,603
15 years$5,205$4,455$3,799$3,229$2,736$1,332
16 years$4,829$4,088$3,444$2,891$2,418$1,110
17 years$4,498$3,765$3,134$2,597$2,144$927
18 years$4,204$3,479$2,861$2,341$1,906$776
19 years$3,941$3,224$2,619$2,115$1,699$650
20 years$3,705$2,996$2,404$1,916$1,518$546
21 years$3,491$2,790$2,211$1,739$1,358$458
22 years$3,297$2,605$2,038$1,581$1,217$385
23 years$3,121$2,436$1,882$1,440$1,093$324
24 years$2,959$2,283$1,740$1,313$982$273
25 years$2,810$2,142$1,612$1,199$884$230
26 years$2,673$2,013$1,495$1,096$796$194
27 years$2,547$1,895$1,388$1,004$718$163
28 years$2,429$1,785$1,290$919$648$138
29 years$2,320$1,684$1,201$843$585$116
30 years$2,219$1,591$1,119$774$528$98
31 years$2,124$1,504$1,043$711$478$83
32 years$2,035$1,423$973$653$432$70
33 years$1,952$1,347$908$601$391$59
34 years$1,874$1,277$849$553$354$50
35 years$1,800$1,211$794$509$321$42
36 years$1,731$1,150$742$469$291$35
37 years$1,666$1,092$695$432$263$30
38 years$1,604$1,038$651$398$239$25
39 years$1,546$987$610$367$217$21
40 years$1,490$939$571$338$196$18
41 years$1,438$894$536$312$178$15
42 years$1,388$851$503$288$162$13
43 years$1,340$811$472$266$147$11
44 years$1,295$773$443$246$133$9
45 years$1,252$737$416$227$121$8
46 years$1,211$703$390$210$110$7
47 years$1,172$671$367$194$100$6
48 years$1,134$641$345$179$91$5
49 years$1,098$612$324$165$82$4
50 years$1,064$584$305$153$75$3

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 $2,983 every year, while hoping to spend $21,566 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: 62/28/10 Blend
29$1,090,000$1,090,000$1,090,000$1,090,000
30$1,204,257$1,146,487$1,129,592$1,276,039
31$1,304,145$1,179,719$1,144,487$1,357,677
32$1,413,499$1,213,856$1,159,159$1,443,993
33$1,533,262$1,248,921$1,173,576$1,537,668
34$1,664,471$1,284,934$1,187,707$1,639,416
35$1,808,270$1,321,919$1,201,519$1,750,020
36$1,965,919$1,359,898$1,214,975$1,870,343
37$2,138,803$1,398,894$1,228,037$2,001,336
38$2,328,451$1,438,930$1,240,667$2,144,046
39$2,536,546$1,480,030$1,252,821$2,299,625
40$2,764,939$1,522,218$1,264,457$2,469,341
41$3,015,673$1,565,517$1,275,526$2,654,591
42$3,290,997$1,609,952$1,285,981$2,856,914
43$3,593,386$1,655,547$1,295,770$3,078,004
44$3,925,571$1,702,329$1,304,838$3,319,728
45$4,290,557$1,750,320$1,313,127$3,584,141
46$4,691,656$1,799,548$1,320,579$3,873,506
47$5,132,516$1,850,037$1,327,129$4,190,318
48$5,617,156$1,901,812$1,332,712$4,537,324
49$6,150,005$1,954,900$1,337,257$4,917,549
50$6,735,941$2,009,326$1,340,691$5,334,326
51$7,380,340$2,065,116$1,342,937$5,791,329
52$8,089,124$2,122,296$1,343,914$6,292,602
53$8,868,817$2,180,891$1,343,538$6,842,602
54$9,726,609$2,240,927$1,341,719$7,446,241
55$10,670,421$2,302,430$1,338,364$8,108,927
56$11,708,980$2,365,425$1,333,375$8,836,622
57$12,851,902$2,429,937$1,326,650$9,635,891
58$14,109,784$2,495,992$1,318,080$10,513,972
59$15,494,300$2,563,613$1,307,553$11,478,837
60$17,018,313$2,632,825$1,294,952$12,539,269
61$18,696,000$2,703,652$1,280,151$13,704,948
62$20,542,977$2,776,117$1,263,022$14,986,538
63$22,576,457$2,850,242$1,243,428$16,395,791
64$24,815,400$2,926,049$1,221,228$17,945,655
65$27,280,705$3,003,559$1,196,274$19,650,399
66$29,995,396$3,082,793$1,168,408$21,525,744
67$32,984,846$3,163,769$1,137,468$23,589,014
68$36,277,011$3,246,505$1,103,285$25,859,299
69$39,902,701$3,331,018$1,065,679$28,357,634
70$43,895,862$3,417,323$1,024,465$31,107,200
71$48,293,902$3,505,435$979,448$34,133,540
72$53,138,044$3,595,365$930,423$37,464,799
73$58,473,710$3,687,123$877,177$41,131,995
74$64,350,955$3,780,719$819,490$45,169,307
75$70,824,937$3,876,158$757,126$49,614,397
76$77,956,435$3,973,445$689,845$54,508,770
77$85,812,427$4,072,580$617,391$59,898,163
78$94,466,721$4,173,562$539,500$65,832,975
79$104,000,648$4,276,388$455,894$72,368,746
80$114,503,832$4,381,049$366,284$79,566,678
81$126,075,037$4,487,535$270,369$87,494,218
82$138,823,097$4,595,830$167,833$96,225,688
83$152,867,945$4,705,917$58,347$105,842,991
84$168,341,740$4,817,773$0$116,436,383
85$185,390,123$4,931,369$0$128,111,568
86$204,173,583$5,046,673$0$140,978,957
87$224,868,976$5,163,648$0$155,153,144
88$247,671,195$5,282,250$0$170,767,273
89$272,795,005$5,402,429$0$187,968,066
90$300,477,077$5,524,129$0$206,917,210
91$330,978,215$5,647,288$0$227,792,878
92$364,585,823$5,771,834$0$250,791,415
93$401,616,612$5,897,690$0$276,129,187
94$442,419,598$6,024,768$0$304,044,631
95$487,379,389$6,152,973$0$334,800,497
96$536,919,817$6,282,199$0$368,686,334
97$591,507,942$6,412,331$0$406,021,222
98$651,658,459$6,543,242$0$447,156,784
99$717,938,555$6,674,794$0$492,480,503
100$790,973,265$6,806,836$0$542,419,384