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%14.1%
1 years$92,489$91,665$90,861$90,076$89,310$87,795
2 years$45,786$44,934$44,107$43,306$42,529$41,006
3 years$30,221$29,365$28,540$27,747$26,982$25,500
4 years$22,440$21,586$20,770$19,990$19,244$17,814
5 years$17,772$16,924$16,118$15,354$14,629$13,256
6 years$14,662$13,820$13,026$12,279$11,575$10,260
7 years$12,441$11,606$10,825$10,095$9,414$8,157
8 years$10,776$9,948$9,180$8,469$7,810$6,610
9 years$9,482$8,662$7,907$7,213$6,577$5,435
10 years$8,447$7,635$6,893$6,218$5,604$4,518
11 years$7,601$6,797$6,069$5,411$4,819$3,789
12 years$6,896$6,100$5,386$4,747$4,176$3,200
13 years$6,300$5,513$4,812$4,191$3,642$2,717
14 years$5,790$5,011$4,324$3,720$3,193$2,319
15 years$5,348$4,578$3,904$3,317$2,811$1,986
16 years$4,962$4,200$3,539$2,970$2,484$1,707
17 years$4,622$3,868$3,221$2,669$2,203$1,471
18 years$4,319$3,574$2,940$2,405$1,959$1,271
19 years$4,049$3,313$2,691$2,173$1,746$1,100
20 years$3,807$3,078$2,470$1,968$1,559$953
21 years$3,587$2,867$2,272$1,786$1,395$828
22 years$3,388$2,677$2,094$1,624$1,251$719
23 years$3,206$2,503$1,933$1,479$1,123$626
24 years$3,040$2,345$1,788$1,349$1,009$545
25 years$2,888$2,201$1,656$1,232$908$475
26 years$2,747$2,069$1,536$1,127$818$415
27 years$2,617$1,947$1,426$1,031$737$362
28 years$2,496$1,834$1,326$945$665$316
29 years$2,384$1,731$1,234$866$601$276
30 years$2,280$1,634$1,149$795$543$241
31 years$2,182$1,545$1,071$730$491$211
32 years$2,091$1,462$1,000$671$444$184
33 years$2,006$1,384$933$617$402$161
34 years$1,925$1,312$872$568$364$141
35 years$1,850$1,245$815$523$330$124
36 years$1,779$1,181$763$481$299$108
37 years$1,712$1,122$714$444$271$95
38 years$1,648$1,066$669$409$245$83
39 years$1,588$1,014$626$377$222$73
40 years$1,531$965$587$348$202$64
41 years$1,477$918$551$321$183$56
42 years$1,426$874$516$296$166$49
43 years$1,377$833$485$273$151$43
44 years$1,331$794$455$252$137$37
45 years$1,286$757$427$233$124$33
46 years$1,244$723$401$215$113$29
47 years$1,204$689$377$199$102$25
48 years$1,166$658$354$184$93$22
49 years$1,129$629$333$170$84$19
50 years$1,094$600$313$157$77$17

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 $4,939 every year, while hoping to spend $26,842 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: 49/34/17 Blend
29$1,120,000$1,120,000$1,120,000$1,120,000
30$1,239,335$1,179,975$1,162,615$1,293,963
31$1,337,187$1,209,234$1,173,002$1,361,496
32$1,444,121$1,239,027$1,182,839$1,431,657
33$1,561,034$1,269,352$1,192,077$1,507,294
34$1,688,915$1,300,206$1,200,667$1,588,930
35$1,828,852$1,331,584$1,208,557$1,677,143
36$1,982,045$1,363,481$1,215,694$1,772,567
37$2,149,813$1,395,891$1,222,018$1,875,905
38$2,333,609$1,428,805$1,227,472$1,987,927
39$2,535,035$1,462,214$1,231,990$2,109,484
40$2,755,854$1,496,108$1,235,506$2,241,511
41$2,998,006$1,530,473$1,237,951$2,385,041
42$3,263,632$1,565,294$1,239,251$2,541,210
43$3,555,085$1,600,557$1,239,330$2,711,271
44$3,874,962$1,636,243$1,238,105$2,896,605
45$4,226,120$1,672,330$1,235,494$3,098,733
46$4,611,707$1,708,798$1,231,406$3,319,331
47$5,035,192$1,745,619$1,225,748$3,560,247
48$5,500,394$1,782,767$1,218,424$3,823,516
49$6,011,523$1,820,212$1,209,330$4,111,382
50$6,573,215$1,857,918$1,198,359$4,426,319
51$7,190,578$1,895,851$1,185,398$4,771,052
52$7,869,238$1,933,970$1,170,331$5,148,585
53$8,615,397$1,972,231$1,153,033$5,562,227
54$9,435,884$2,010,586$1,133,376$6,015,629
55$10,338,225$2,048,986$1,111,225$6,512,811
56$11,330,711$2,087,373$1,086,438$7,058,207
57$12,422,476$2,125,687$1,058,867$7,656,701
58$13,623,588$2,163,864$1,028,358$8,313,679
59$14,945,133$2,201,834$994,748$9,035,074
60$16,399,333$2,239,520$957,868$9,827,430
61$17,999,650$2,276,841$917,541$10,697,955
62$19,760,918$2,313,710$873,582$11,654,595
63$21,699,482$2,350,032$825,798$12,706,111
64$23,833,353$2,385,707$773,986$13,862,155
65$26,182,375$2,420,627$717,934$15,133,367
66$28,768,415$2,454,676$657,423$16,531,476
67$31,615,567$2,487,729$592,221$18,069,407
68$34,750,382$2,519,654$522,086$19,761,407
69$38,202,113$2,550,309$446,769$21,623,179
70$42,002,997$2,579,543$366,004$23,672,028
71$46,188,556$2,607,194$279,519$25,927,031
72$50,797,932$2,633,090$187,025$28,409,212
73$55,874,255$2,657,045$88,225$31,141,743
74$61,465,054$2,678,865$0$34,150,162
75$67,622,700$2,698,340$0$37,465,741
76$74,404,905$2,715,249$0$41,133,663
77$81,875,263$2,729,353$0$45,172,162
78$90,103,850$2,740,402$0$49,618,988
79$99,167,889$2,748,127$0$54,515,743
80$109,152,473$2,752,245$0$59,908,275
81$120,151,372$2,752,452$0$65,847,110
82$132,267,918$2,748,428$0$72,387,929
83$145,615,976$2,739,832$0$79,592,095
84$160,321,023$2,726,301$0$87,527,234
85$176,521,330$2,707,453$0$96,267,872
86$194,369,267$2,682,878$0$105,896,140
87$214,032,740$2,652,147$0$116,502,549
88$235,696,778$2,614,801$0$128,186,849
89$259,565,278$2,570,355$0$141,058,964
90$285,862,928$2,518,295$0$155,240,040
91$314,837,332$2,458,077$0$170,863,582
92$346,761,342$2,389,124$0$188,076,718
93$381,935,634$2,310,826$0$207,041,590
94$420,691,550$2,222,538$0$227,936,885
95$463,394,222$2,123,576$0$250,959,522
96$510,446,019$2,013,217$0$276,326,513
97$562,290,344$1,890,697$0$304,277,016
98$619,415,825$1,755,206$0$335,074,589
99$682,360,917$1,605,890$0$369,009,682
100$751,718,997$1,441,845$0$406,402,383