Can I retire at age 30 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$90,837$90,028$89,238$88,468$87,716$86,944
2 years$44,969$44,131$43,320$42,533$41,769$40,992
3 years$29,681$28,840$28,031$27,251$26,500$25,741
4 years$22,039$21,201$20,399$19,633$18,900$18,165
5 years$17,455$16,622$15,831$15,080$14,368$13,659
6 years$14,400$13,573$12,793$12,060$11,369$10,687
7 years$12,219$11,398$10,631$9,915$9,246$8,591
8 years$10,583$9,771$9,016$8,317$7,670$7,043
9 years$9,312$8,507$7,766$7,084$6,459$5,859
10 years$8,296$7,499$6,770$6,107$5,504$4,931
11 years$7,465$6,675$5,960$5,315$4,733$4,187
12 years$6,773$5,992$5,290$4,662$4,102$3,581
13 years$6,188$5,415$4,726$4,116$3,577$3,081
14 years$5,687$4,922$4,246$3,653$3,135$2,664
15 years$5,253$4,496$3,834$3,258$2,761$2,314
16 years$4,873$4,125$3,476$2,917$2,440$2,016
17 years$4,539$3,799$3,163$2,621$2,163$1,762
18 years$4,242$3,510$2,887$2,362$1,924$1,544
19 years$3,977$3,253$2,643$2,135$1,715$1,356
20 years$3,739$3,023$2,426$1,933$1,531$1,193
21 years$3,523$2,816$2,231$1,755$1,371$1,051
22 years$3,327$2,629$2,057$1,595$1,228$928
23 years$3,149$2,459$1,899$1,453$1,103$820
24 years$2,986$2,304$1,756$1,325$991$725
25 years$2,836$2,162$1,627$1,210$892$642
26 years$2,698$2,032$1,509$1,106$803$569
27 years$2,570$1,912$1,401$1,013$724$505
28 years$2,452$1,802$1,302$928$654$448
29 years$2,342$1,700$1,212$851$590$398
30 years$2,239$1,605$1,129$781$533$353
31 years$2,143$1,517$1,052$717$482$314
32 years$2,054$1,436$982$659$436$279
33 years$1,970$1,360$917$606$395$248
34 years$1,891$1,289$857$558$357$221
35 years$1,817$1,222$801$513$324$197
36 years$1,747$1,160$749$473$293$175
37 years$1,681$1,102$701$436$266$156
38 years$1,619$1,047$657$402$241$139
39 years$1,560$996$615$370$218$124
40 years$1,504$947$577$342$198$110
41 years$1,451$902$541$315$180$98
42 years$1,400$859$507$291$163$88
43 years$1,353$818$476$268$148$78
44 years$1,307$780$447$248$134$70
45 years$1,264$744$419$229$122$62
46 years$1,222$710$394$211$111$55
47 years$1,183$677$370$195$101$49
48 years$1,145$646$348$180$91$44
49 years$1,109$617$327$167$83$39
50 years$1,074$590$307$154$75$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,100,000, adding $2,887 every year, while hoping to spend $59,580 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: 50/31/19 Blend
29$1,100,000$1,100,000$1,100,000$1,100,000
30$1,215,178$1,156,878$1,139,828$1,269,374
31$1,275,733$1,150,172$1,114,620$1,300,425
32$1,340,469$1,141,141$1,086,570$1,327,795
33$1,409,747$1,129,608$1,055,521$1,356,269
34$1,483,967$1,115,385$1,021,307$1,385,975
35$1,563,567$1,098,273$983,755$1,417,055
36$1,649,024$1,078,062$942,684$1,449,669
37$1,740,867$1,054,529$897,906$1,483,998
38$1,839,672$1,027,438$849,223$1,520,244
39$1,946,074$996,538$796,428$1,558,636
40$2,060,770$961,565$739,305$1,599,430
41$2,184,526$922,238$677,628$1,642,911
42$2,318,181$878,262$611,162$1,689,400
43$2,462,660$829,322$539,661$1,739,257
44$2,618,980$775,086$462,868$1,792,883
45$2,788,255$715,205$380,513$1,850,726
46$2,971,714$649,307$292,317$1,913,287
47$3,170,705$577,000$197,986$1,981,125
48$3,386,714$497,870$97,216$2,054,864
49$3,621,373$411,479$0$2,135,199
50$3,876,477$317,366$0$2,224,995
51$4,154,003$215,041$0$2,344,191
52$4,456,122$103,990$0$2,474,086
53$4,785,228$0$0$2,615,821
54$5,143,952$0$0$2,776,231
55$5,535,191$0$0$2,989,974
56$5,962,132$0$0$3,223,331
57$6,428,286$0$0$3,478,235
58$6,937,515$0$0$3,756,812
59$7,494,071$0$0$4,061,403
60$8,102,638$0$0$4,394,587
61$8,768,370$0$0$4,759,201
62$9,496,944$0$0$5,158,372
63$10,294,609$0$0$5,595,540
64$11,168,249$0$0$6,074,497
65$12,125,444$0$0$6,599,416
66$13,174,540$0$0$7,174,895
67$14,324,731$0$0$7,805,995
68$15,586,143$0$0$8,498,295
69$16,969,929$0$0$9,257,936
70$18,488,371$0$0$10,091,685
71$20,155,002$0$0$11,006,992
72$21,984,724$0$0$12,012,069
73$23,993,956$0$0$13,115,958
74$26,200,783$0$0$14,328,622
75$28,625,130$0$0$15,661,035
76$31,288,944$0$0$17,125,287
77$34,216,404$0$0$18,734,697
78$37,434,149$0$0$20,503,941
79$40,971,525$0$0$22,449,183
80$44,860,865$0$0$24,588,237
81$49,137,791$0$0$26,940,725
82$53,841,549$0$0$29,528,268
83$59,015,378$0$0$32,374,687
84$64,706,920$0$0$35,506,229
85$70,968,667$0$0$38,951,813
86$77,858,454$0$0$42,743,300
87$85,440,005$0$0$46,915,798
88$93,783,534$0$0$51,507,991
89$102,966,406$0$0$56,562,501
90$113,073,864$0$0$62,126,292
91$124,199,837$0$0$68,251,115
92$136,447,821$0$0$74,993,990
93$149,931,857$0$0$82,417,748
94$164,777,604$0$0$90,591,621
95$181,123,528$0$0$99,591,899
96$199,122,202$0$0$109,502,643
97$218,941,750$0$0$120,416,482
98$240,767,427$0$0$132,435,487
99$264,803,372$0$0$145,672,131
100$291,274,531$0$0$160,250,352