Can I retire at age 30 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$91,663$90,846$90,050$89,272$88,513$86,408
2 years$45,378$44,532$43,713$42,919$42,149$40,041
3 years$29,951$29,102$28,285$27,499$26,741$24,695
4 years$22,240$21,393$20,585$19,811$19,072$17,104
5 years$17,614$16,773$15,974$15,217$14,498$12,614
6 years$14,531$13,696$12,910$12,169$11,472$9,674
7 years$12,330$11,502$10,728$10,005$9,330$7,617
8 years$10,680$9,859$9,098$8,393$7,740$6,113
9 years$9,397$8,584$7,836$7,149$6,518$4,975
10 years$8,371$7,567$6,832$6,162$5,554$4,093
11 years$7,533$6,736$6,015$5,363$4,776$3,395
12 years$6,834$6,046$5,338$4,704$4,139$2,836
13 years$6,244$5,464$4,769$4,153$3,609$2,381
14 years$5,738$4,966$4,285$3,687$3,164$2,009
15 years$5,300$4,537$3,869$3,288$2,786$1,700
16 years$4,918$4,163$3,508$2,944$2,462$1,444
17 years$4,580$3,834$3,192$2,645$2,183$1,229
18 years$4,281$3,542$2,914$2,384$1,941$1,049
19 years$4,013$3,283$2,667$2,154$1,730$896
20 years$3,773$3,051$2,448$1,951$1,545$767
21 years$3,555$2,842$2,252$1,770$1,383$657
22 years$3,358$2,653$2,075$1,610$1,240$564
23 years$3,178$2,481$1,916$1,466$1,113$484
24 years$3,013$2,324$1,772$1,337$1,000$416
25 years$2,862$2,181$1,641$1,221$900$358
26 years$2,722$2,050$1,522$1,117$811$308
27 years$2,593$1,929$1,414$1,022$731$265
28 years$2,474$1,818$1,314$936$660$228
29 years$2,363$1,715$1,223$859$596$197
30 years$2,259$1,620$1,139$788$538$170
31 years$2,163$1,531$1,062$724$486$146
32 years$2,073$1,449$991$665$440$126
33 years$1,988$1,372$925$612$398$109
34 years$1,908$1,300$864$563$361$94
35 years$1,833$1,233$808$518$327$81
36 years$1,763$1,171$756$477$296$70
37 years$1,696$1,112$708$440$268$60
38 years$1,633$1,057$663$405$243$52
39 years$1,574$1,005$621$374$220$45
40 years$1,518$956$582$345$200$39
41 years$1,464$910$546$318$181$33
42 years$1,413$867$512$293$165$29
43 years$1,365$826$480$271$149$25
44 years$1,319$787$451$250$136$22
45 years$1,275$751$423$231$123$19
46 years$1,233$716$398$213$112$16
47 years$1,193$683$373$197$102$14
48 years$1,155$652$351$182$92$12
49 years$1,119$623$330$168$84$10
50 years$1,084$595$310$156$76$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,110,000, adding $5,298 every year, while hoping to spend $45,309 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: 59/27/14 Blend
29$1,110,000$1,110,000$1,110,000$1,110,000
30$1,228,685$1,169,855$1,152,650$1,296,554
31$1,305,802$1,178,969$1,143,055$1,352,080
32$1,389,267$1,187,012$1,131,621$1,407,089
33$1,479,679$1,193,882$1,118,236$1,466,005
34$1,577,697$1,199,473$1,102,788$1,529,209
35$1,684,046$1,203,672$1,085,156$1,597,123
36$1,799,524$1,206,357$1,065,214$1,670,214
37$1,925,008$1,207,400$1,042,830$1,748,996
38$2,061,461$1,206,665$1,017,868$1,834,038
39$2,209,946$1,204,008$990,182$1,925,969
40$2,371,630$1,199,274$959,623$2,025,482
41$2,547,799$1,192,300$926,032$2,133,345
42$2,739,866$1,182,914$889,246$2,250,403
43$2,949,387$1,170,933$849,091$2,377,594
44$3,178,077$1,156,161$805,388$2,515,948
45$3,427,820$1,138,392$757,948$2,666,607
46$3,700,693$1,117,409$706,575$2,830,830
47$3,998,981$1,092,979$651,062$3,010,008
48$4,325,200$1,064,858$591,196$3,205,678
49$4,682,121$1,032,786$526,751$3,419,533
50$5,072,794$996,489$457,493$3,653,446
51$5,500,577$955,675$383,178$3,909,484
52$5,969,171$910,039$303,550$4,189,928
53$6,482,649$859,253$218,341$4,497,296
54$7,045,498$802,975$127,274$4,834,367
55$7,662,658$740,839$30,056$5,204,209
56$8,339,571$672,463$0$5,610,208
57$9,082,232$597,439$0$6,067,108
58$9,897,244$515,337$0$6,573,532
59$10,791,878$425,704$0$7,129,585
60$11,774,147$328,060$0$7,740,340
61$12,852,873$221,899$0$8,411,390
62$14,037,780$106,685$0$9,148,904
63$15,339,575$0$0$9,959,685
64$16,770,056$0$0$10,856,625
65$18,342,221$0$0$11,877,337
66$20,070,387$0$0$12,999,431
67$21,970,330$0$0$14,233,163
68$24,059,430$0$0$15,589,831
69$26,356,833$0$0$17,081,883
70$28,883,637$0$0$18,723,034
71$31,663,084$0$0$20,528,395
72$34,720,785$0$0$22,514,614
73$38,084,955$0$0$24,700,036
74$41,786,684$0$0$27,104,872
75$45,860,227$0$0$29,751,392
76$50,343,328$0$0$32,664,135
77$55,277,573$0$0$35,870,138
78$60,708,787$0$0$39,399,192
79$66,687,461$0$0$43,284,124
80$73,269,231$0$0$47,561,106
81$80,515,401$0$0$52,269,992
82$88,493,520$0$0$57,454,701
83$97,278,021$0$0$63,163,624
84$106,950,925$0$0$69,450,088
85$117,602,606$0$0$76,372,849
86$129,332,654$0$0$83,996,656
87$142,250,805$0$0$92,392,855
88$156,477,985$0$0$101,640,066
89$172,147,440$0$0$111,824,921
90$189,406,005$0$0$123,042,884
91$208,415,478$0$0$135,399,152
92$229,354,154$0$0$149,009,645
93$252,418,504$0$0$164,002,102
94$277,825,031$0$0$180,517,283
95$305,812,308$0$0$198,710,303
96$336,643,235$0$0$218,752,088
97$370,607,515$0$0$240,830,996
98$408,024,392$0$0$265,154,587
99$449,245,661$0$0$291,951,588
100$494,658,986$0$0$321,474,047