Can I retire at age 30 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$93,314$92,483$91,672$90,881$90,108$88,652
2 years$46,195$45,335$44,501$43,693$42,908$41,445
3 years$30,491$29,627$28,795$27,994$27,223$25,798
4 years$22,640$21,779$20,955$20,168$19,416$18,041
5 years$17,931$17,075$16,262$15,491$14,759$13,438
6 years$14,793$13,943$13,142$12,388$11,679$10,412
7 years$12,552$11,709$10,921$10,185$9,498$8,287
8 years$10,872$10,037$9,262$8,544$7,879$6,724
9 years$9,566$8,739$7,978$7,278$6,636$5,535
10 years$8,522$7,703$6,955$6,273$5,654$4,607
11 years$7,668$6,858$6,123$5,460$4,862$3,868
12 years$6,957$6,155$5,434$4,789$4,214$3,271
13 years$6,356$5,562$4,855$4,228$3,674$2,782
14 years$5,842$5,056$4,362$3,753$3,221$2,377
15 years$5,396$4,619$3,938$3,347$2,836$2,039
16 years$5,006$4,238$3,571$2,997$2,506$1,754
17 years$4,663$3,903$3,249$2,693$2,222$1,514
18 years$4,358$3,606$2,966$2,427$1,976$1,310
19 years$4,085$3,342$2,715$2,193$1,761$1,135
20 years$3,841$3,106$2,492$1,986$1,573$985
21 years$3,619$2,893$2,292$1,802$1,408$857
22 years$3,418$2,700$2,113$1,639$1,262$746
23 years$3,235$2,526$1,951$1,492$1,133$650
24 years$3,067$2,366$1,804$1,361$1,018$567
25 years$2,913$2,221$1,671$1,243$916$495
26 years$2,771$2,087$1,550$1,137$825$433
27 years$2,640$1,964$1,439$1,040$744$378
28 years$2,519$1,851$1,338$953$671$331
29 years$2,405$1,746$1,245$874$606$289
30 years$2,300$1,649$1,160$802$548$253
31 years$2,202$1,559$1,081$737$495$222
32 years$2,110$1,475$1,009$677$448$194
33 years$2,024$1,397$942$623$405$170
34 years$1,943$1,324$880$573$367$149
35 years$1,866$1,256$823$527$332$131
36 years$1,795$1,192$770$486$301$115
37 years$1,727$1,132$720$448$273$101
38 years$1,663$1,076$675$413$248$88
39 years$1,602$1,023$632$380$224$77
40 years$1,545$973$592$351$204$68
41 years$1,490$926$555$324$185$60
42 years$1,439$882$521$299$168$52
43 years$1,389$841$489$276$152$46
44 years$1,343$801$459$255$138$40
45 years$1,298$764$431$235$125$35
46 years$1,255$729$405$217$114$31
47 years$1,215$696$380$201$103$27
48 years$1,176$664$357$185$94$24
49 years$1,139$634$336$171$85$21
50 years$1,103$606$316$158$77$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,130,000, adding $5,561 every year, while hoping to spend $30,330 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: 49/27/24 Blend
29$1,130,000$1,130,000$1,130,000$1,130,000
30$1,250,996$1,191,106$1,173,591$1,303,559
31$1,346,327$1,217,199$1,180,636$1,366,881
32$1,450,365$1,243,555$1,186,899$1,432,150
33$1,563,966$1,270,153$1,192,325$1,502,446
34$1,688,073$1,296,973$1,196,850$1,578,258
35$1,823,723$1,323,991$1,200,411$1,660,121
36$1,972,059$1,351,183$1,202,941$1,748,630
37$2,134,338$1,378,520$1,204,368$1,844,439
38$2,311,945$1,405,972$1,204,619$1,948,268
39$2,506,405$1,433,506$1,203,616$2,060,912
40$2,719,397$1,461,087$1,201,275$2,183,247
41$2,952,770$1,488,675$1,197,513$2,316,241
42$3,208,562$1,516,229$1,192,238$2,460,957
43$3,489,014$1,543,703$1,185,357$2,618,573
44$3,796,597$1,571,048$1,176,771$2,790,382
45$4,134,033$1,598,212$1,166,375$2,977,814
46$4,504,318$1,625,138$1,154,062$3,182,444
47$4,910,753$1,651,765$1,139,718$3,406,010
48$5,356,975$1,678,026$1,123,224$3,650,427
49$5,846,989$1,703,852$1,104,455$3,917,806
50$6,385,208$1,729,167$1,083,280$4,210,479
51$6,976,493$1,753,890$1,059,564$4,531,011
52$7,626,199$1,777,935$1,033,163$4,882,236
53$8,340,226$1,801,208$1,003,928$5,267,274
54$9,125,072$1,823,610$971,703$5,689,570
55$9,987,897$1,845,035$936,323$6,152,920
56$10,936,591$1,865,370$897,618$6,661,507
57$11,979,845$1,884,494$855,410$7,219,947
58$13,127,233$1,902,279$809,510$7,833,329
59$14,389,307$1,918,586$759,725$8,507,261
60$15,777,690$1,933,271$705,849$9,247,928
61$17,305,189$1,946,175$647,670$10,062,149
62$18,985,915$1,957,135$584,964$10,957,442
63$20,835,417$1,965,973$517,498$11,942,094
64$22,870,825$1,972,502$445,031$13,025,244
65$25,111,017$1,976,522$367,306$14,216,964
66$27,576,790$1,977,821$284,060$15,528,359
67$30,291,062$1,976,173$195,016$16,971,673
68$33,279,085$1,971,341$99,884$18,560,402
69$36,568,684$1,963,069$0$20,309,423
70$40,190,518$1,951,088$0$22,235,559
71$44,178,373$1,935,113$0$24,383,794
72$48,569,474$1,914,840$0$26,748,537
73$53,404,841$1,889,949$0$29,351,848
74$58,729,677$1,860,098$0$32,218,037
75$64,593,789$1,824,927$0$35,373,897
76$71,052,060$1,784,054$0$38,848,954
77$78,164,972$1,737,074$0$42,675,753
78$85,999,166$1,683,558$0$46,890,155
79$94,628,082$1,623,053$0$51,531,688
80$104,132,643$1,555,079$0$56,643,912
81$114,602,022$1,479,128$0$62,274,835
82$126,134,485$1,394,662$0$68,477,364
83$138,838,316$1,301,114$0$75,309,809
84$152,832,838$1,197,882$0$82,836,431
85$168,249,542$1,084,332$0$91,128,052
86$185,233,323$959,793$0$100,262,721
87$203,943,854$823,554$0$110,326,457
88$224,557,085$674,867$0$121,414,057
89$247,266,912$512,939$0$133,629,993
90$272,286,998$336,934$0$147,089,404
91$299,852,797$145,970$0$161,919,177
92$330,223,773$0$0$178,259,153
93$363,685,846$0$0$196,281,533
94$400,554,097$0$0$216,186,453
95$441,175,738$0$0$238,118,026
96$485,933,387$0$0$262,282,858
97$535,248,684$0$0$288,908,622
98$589,586,270$0$0$318,246,210
99$649,458,169$0$0$350,572,103
100$715,428,626$0$0$386,190,977