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

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$91,663$90,846$90,050$89,272$88,513$87,443
2 years$45,378$44,532$43,713$42,919$42,149$41,072
3 years$29,951$29,102$28,285$27,499$26,741$25,691
4 years$22,240$21,393$20,585$19,811$19,072$18,057
5 years$17,614$16,773$15,974$15,217$14,498$13,521
6 years$14,531$13,696$12,910$12,169$11,472$10,533
7 years$12,330$11,502$10,728$10,005$9,330$8,430
8 years$10,680$9,859$9,098$8,393$7,740$6,879
9 years$9,397$8,584$7,836$7,149$6,518$5,696
10 years$8,371$7,567$6,832$6,162$5,554$4,770
11 years$7,533$6,736$6,015$5,363$4,776$4,031
12 years$6,834$6,046$5,338$4,704$4,139$3,430
13 years$6,244$5,464$4,769$4,153$3,609$2,936
14 years$5,738$4,966$4,285$3,687$3,164$2,525
15 years$5,300$4,537$3,869$3,288$2,786$2,181
16 years$4,918$4,163$3,508$2,944$2,462$1,890
17 years$4,580$3,834$3,192$2,645$2,183$1,643
18 years$4,281$3,542$2,914$2,384$1,941$1,431
19 years$4,013$3,283$2,667$2,154$1,730$1,250
20 years$3,773$3,051$2,448$1,951$1,545$1,093
21 years$3,555$2,842$2,252$1,770$1,383$957
22 years$3,358$2,653$2,075$1,610$1,240$840
23 years$3,178$2,481$1,916$1,466$1,113$738
24 years$3,013$2,324$1,772$1,337$1,000$649
25 years$2,862$2,181$1,641$1,221$900$571
26 years$2,722$2,050$1,522$1,117$811$503
27 years$2,593$1,929$1,414$1,022$731$443
28 years$2,474$1,818$1,314$936$660$391
29 years$2,363$1,715$1,223$859$596$345
30 years$2,259$1,620$1,139$788$538$304
31 years$2,163$1,531$1,062$724$486$269
32 years$2,073$1,449$991$665$440$237
33 years$1,988$1,372$925$612$398$210
34 years$1,908$1,300$864$563$361$185
35 years$1,833$1,233$808$518$327$164
36 years$1,763$1,171$756$477$296$145
37 years$1,696$1,112$708$440$268$128
38 years$1,633$1,057$663$405$243$113
39 years$1,574$1,005$621$374$220$100
40 years$1,518$956$582$345$200$89
41 years$1,464$910$546$318$181$79
42 years$1,413$867$512$293$165$69
43 years$1,365$826$480$271$149$61
44 years$1,319$787$451$250$136$54
45 years$1,275$751$423$231$123$48
46 years$1,233$716$398$213$112$43
47 years$1,193$683$373$197$102$38
48 years$1,155$652$351$182$92$33
49 years$1,119$623$330$168$84$30
50 years$1,084$595$310$156$76$26

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 $6,726 every year, while hoping to spend $50,656 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: 64/15/21 Blend
29$1,110,000$1,110,000$1,110,000$1,110,000
30$1,230,158$1,171,328$1,154,123$1,301,847
31$1,301,736$1,174,825$1,138,888$1,354,420
32$1,378,918$1,176,796$1,121,446$1,405,514
33$1,462,221$1,177,113$1,101,668$1,460,163
34$1,552,215$1,175,638$1,079,420$1,518,717
35$1,649,524$1,172,228$1,054,565$1,581,565
36$1,754,837$1,166,729$1,026,954$1,649,135
37$1,868,910$1,158,978$996,436$1,721,903
38$1,992,573$1,148,802$962,851$1,800,393
39$2,126,740$1,136,018$926,031$1,885,183
40$2,272,416$1,120,431$885,802$1,976,916
41$2,430,707$1,101,837$841,981$2,076,297
42$2,602,828$1,080,016$794,376$2,184,110
43$2,790,118$1,054,738$742,789$2,301,218
44$2,994,048$1,025,758$687,010$2,428,576
45$3,216,237$992,817$626,822$2,567,238
46$3,458,470$955,642$561,997$2,718,370
47$3,722,706$913,941$492,297$2,883,257
48$4,011,107$867,408$417,473$3,063,321
49$4,326,047$815,719$337,266$3,260,130
50$4,670,145$758,529$251,405$3,475,418
51$5,046,279$695,477$159,607$3,711,098
52$5,457,623$626,179$61,577$3,969,282
53$5,907,667$550,229$0$4,252,302
54$6,400,257$467,198$0$4,572,377
55$6,939,627$376,633$0$4,938,058
56$7,530,438$278,058$0$5,338,743
57$8,177,825$170,965$0$5,777,975
58$8,887,444$54,823$0$6,259,657
59$9,665,521$0$0$6,788,093
60$10,518,916$0$0$7,379,734
61$11,455,183$0$0$8,038,835
62$12,482,646$0$0$8,762,215
63$13,610,469$0$0$9,556,337
64$14,848,749$0$0$10,428,322
65$16,208,610$0$0$11,386,012
66$17,702,303$0$0$12,438,048
67$19,343,326$0$0$13,593,947
68$21,146,548$0$0$14,864,195
69$23,128,350$0$0$16,260,344
70$25,306,779$0$0$17,795,120
71$27,701,716$0$0$19,482,544
72$30,335,067$0$0$21,338,064
73$33,230,965$0$0$23,378,698
74$36,415,998$0$0$25,623,197
75$39,919,462$0$0$28,092,222
76$43,773,634$0$0$30,808,534
77$48,014,077$0$0$33,797,213
78$52,679,975$0$0$37,085,893
79$57,814,500$0$0$40,705,022
80$63,465,224$0$0$44,688,147
81$69,684,561$0$0$49,072,235
82$76,530,267$0$0$53,898,014
83$84,065,977$0$0$59,210,367
84$92,361,813$0$0$65,058,744
85$101,495,039$0$0$71,497,636
86$111,550,792$0$0$78,587,087
87$122,622,885$0$0$86,393,258
88$134,814,689$0$0$94,989,052
89$148,240,113$0$0$104,454,804
90$163,024,670$0$0$114,879,033
91$179,306,670$0$0$126,359,283
92$197,238,519$0$0$139,003,041
93$216,988,158$0$0$152,928,748
94$238,740,646$0$0$168,266,920
95$262,699,908$0$0$185,161,377
96$289,090,658$0$0$203,770,604
97$318,160,519$0$0$224,269,238
98$350,182,357$0$0$246,849,726
99$385,456,861$0$0$271,724,131
100$424,315,376$0$0$299,126,141