Can I retire at age 30 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$92,489$91,665$90,861$90,076$89,310$87,615
2 years$45,786$44,934$44,107$43,306$42,529$40,827
3 years$30,221$29,365$28,540$27,747$26,982$25,327
4 years$22,440$21,586$20,770$19,990$19,244$17,649
5 years$17,772$16,924$16,118$15,354$14,629$13,098
6 years$14,662$13,820$13,026$12,279$11,575$10,110
7 years$12,441$11,606$10,825$10,095$9,414$8,015
8 years$10,776$9,948$9,180$8,469$7,810$6,477
9 years$9,482$8,662$7,907$7,213$6,577$5,309
10 years$8,447$7,635$6,893$6,218$5,604$4,400
11 years$7,601$6,797$6,069$5,411$4,819$3,678
12 years$6,896$6,100$5,386$4,747$4,176$3,096
13 years$6,300$5,513$4,812$4,191$3,642$2,621
14 years$5,790$5,011$4,324$3,720$3,193$2,229
15 years$5,348$4,578$3,904$3,317$2,811$1,903
16 years$4,962$4,200$3,539$2,970$2,484$1,629
17 years$4,622$3,868$3,221$2,669$2,203$1,399
18 years$4,319$3,574$2,940$2,405$1,959$1,204
19 years$4,049$3,313$2,691$2,173$1,746$1,038
20 years$3,807$3,078$2,470$1,968$1,559$897
21 years$3,587$2,867$2,272$1,786$1,395$776
22 years$3,388$2,677$2,094$1,624$1,251$672
23 years$3,206$2,503$1,933$1,479$1,123$582
24 years$3,040$2,345$1,788$1,349$1,009$505
25 years$2,888$2,201$1,656$1,232$908$438
26 years$2,747$2,069$1,536$1,127$818$381
27 years$2,617$1,947$1,426$1,031$737$331
28 years$2,496$1,834$1,326$945$665$288
29 years$2,384$1,731$1,234$866$601$251
30 years$2,280$1,634$1,149$795$543$218
31 years$2,182$1,545$1,071$730$491$190
32 years$2,091$1,462$1,000$671$444$165
33 years$2,006$1,384$933$617$402$144
34 years$1,925$1,312$872$568$364$126
35 years$1,850$1,245$815$523$330$109
36 years$1,779$1,181$763$481$299$95
37 years$1,712$1,122$714$444$271$83
38 years$1,648$1,066$669$409$245$73
39 years$1,588$1,014$626$377$222$63
40 years$1,531$965$587$348$202$55
41 years$1,477$918$551$321$183$48
42 years$1,426$874$516$296$166$42
43 years$1,377$833$485$273$151$37
44 years$1,331$794$455$252$137$32
45 years$1,286$757$427$233$124$28
46 years$1,244$723$401$215$113$24
47 years$1,204$689$377$199$102$21
48 years$1,166$658$354$184$93$18
49 years$1,129$629$333$170$84$16
50 years$1,094$600$313$157$77$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,120,000, adding $3,970 every year, while hoping to spend $50,536 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: 46/48/6 Blend
29$1,120,000$1,120,000$1,120,000$1,120,000
30$1,238,335$1,178,975$1,161,615$1,293,109
31$1,310,875$1,182,975$1,146,759$1,335,167
32$1,389,121$1,185,477$1,129,712$1,375,156
33$1,473,601$1,186,355$1,110,347$1,417,348
34$1,564,895$1,185,473$1,088,530$1,461,961
35$1,663,642$1,182,689$1,064,124$1,509,238
36$1,770,545$1,177,852$1,036,983$1,559,449
37$1,886,373$1,170,800$1,006,955$1,612,895
38$2,011,976$1,161,361$973,881$1,669,910
39$2,148,285$1,149,356$937,594$1,730,866
40$2,296,328$1,134,592$897,921$1,796,175
41$2,457,232$1,116,866$854,680$1,866,295
42$2,632,239$1,095,961$807,680$1,941,736
43$2,822,713$1,071,650$756,724$2,023,063
44$3,030,159$1,043,690$701,603$2,110,903
45$3,256,229$1,011,824$642,101$2,205,952
46$3,502,744$975,783$577,991$2,308,982
47$3,771,707$935,279$509,036$2,420,849
48$4,065,321$890,008$434,989$2,542,503
49$4,386,015$839,650$355,592$2,674,997
50$4,736,459$783,863$270,575$2,819,498
51$5,119,595$722,290$179,657$2,977,297
52$5,538,662$654,550$82,544$3,149,828
53$5,997,225$580,243$0$3,338,678
54$6,499,211$498,943$0$3,546,953
55$7,048,942$410,203$0$3,780,977
56$7,651,180$313,549$0$4,037,634
57$8,311,169$208,482$0$4,319,330
58$9,034,684$94,473$0$4,628,728
59$9,828,084$0$0$4,968,770
60$10,698,374$0$0$5,358,047
61$11,653,270$0$0$5,840,050
62$12,701,271$0$0$6,369,185
63$13,851,739$0$0$6,950,196
64$15,114,984$0$0$7,588,307
65$16,502,367$0$0$8,289,275
66$18,026,402$0$0$9,059,442
67$19,700,872$0$0$9,905,792
68$21,540,966$0$0$10,836,021
69$23,563,414$0$0$11,858,609
70$25,786,647$0$0$12,982,897
71$28,230,972$0$0$14,219,175
72$30,918,763$0$0$15,578,782
73$33,874,667$0$0$17,074,210
74$37,125,843$0$0$18,719,224
75$40,702,211$0$0$20,528,987
76$44,636,739$0$0$22,520,209
77$48,965,750$0$0$24,711,300
78$53,729,267$0$0$27,122,543
79$58,971,386$0$0$29,776,291
80$64,740,696$0$0$32,697,168
81$71,090,733$0$0$35,912,312
82$78,080,489$0$0$39,451,621
83$85,774,962$0$0$43,348,042
84$94,245,776$0$0$47,637,877
85$103,571,847$0$0$52,361,128
86$113,840,138$0$0$57,561,872
87$125,146,469$0$0$63,288,680
88$137,596,427$0$0$69,595,070
89$151,306,359$0$0$76,540,016
90$166,404,469$0$0$84,188,504
91$183,032,030$0$0$92,612,141
92$201,344,712$0$0$101,889,837
93$221,514,056$0$0$112,108,542
94$243,729,087$0$0$123,364,072
95$268,198,099$0$0$135,762,011
96$295,150,623$0$0$149,418,706
97$324,839,589$0$0$164,462,367
98$357,543,712$0$0$181,034,274
99$393,570,127$0$0$199,290,112
100$433,257,279$0$0$219,401,442