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%11.6%
1 years$93,314$92,483$91,672$90,881$90,108$89,502
2 years$46,195$45,335$44,501$43,693$42,908$42,298
3 years$30,491$29,627$28,795$27,994$27,223$26,626
4 years$22,640$21,779$20,955$20,168$19,416$18,837
5 years$17,931$17,075$16,262$15,491$14,759$14,201
6 years$14,793$13,943$13,142$12,388$11,679$11,141
7 years$12,552$11,709$10,921$10,185$9,498$8,981
8 years$10,872$10,037$9,262$8,544$7,879$7,384
9 years$9,566$8,739$7,978$7,278$6,636$6,161
10 years$8,522$7,703$6,955$6,273$5,654$5,200
11 years$7,668$6,858$6,123$5,460$4,862$4,429
12 years$6,957$6,155$5,434$4,789$4,214$3,800
13 years$6,356$5,562$4,855$4,228$3,674$3,280
14 years$5,842$5,056$4,362$3,753$3,221$2,846
15 years$5,396$4,619$3,938$3,347$2,836$2,479
16 years$5,006$4,238$3,571$2,997$2,506$2,168
17 years$4,663$3,903$3,249$2,693$2,222$1,901
18 years$4,358$3,606$2,966$2,427$1,976$1,672
19 years$4,085$3,342$2,715$2,193$1,761$1,473
20 years$3,841$3,106$2,492$1,986$1,573$1,301
21 years$3,619$2,893$2,292$1,802$1,408$1,151
22 years$3,418$2,700$2,113$1,639$1,262$1,019
23 years$3,235$2,526$1,951$1,492$1,133$904
24 years$3,067$2,366$1,804$1,361$1,018$803
25 years$2,913$2,221$1,671$1,243$916$714
26 years$2,771$2,087$1,550$1,137$825$635
27 years$2,640$1,964$1,439$1,040$744$565
28 years$2,519$1,851$1,338$953$671$504
29 years$2,405$1,746$1,245$874$606$449
30 years$2,300$1,649$1,160$802$548$401
31 years$2,202$1,559$1,081$737$495$358
32 years$2,110$1,475$1,009$677$448$319
33 years$2,024$1,397$942$623$405$285
34 years$1,943$1,324$880$573$367$255
35 years$1,866$1,256$823$527$332$228
36 years$1,795$1,192$770$486$301$204
37 years$1,727$1,132$720$448$273$182
38 years$1,663$1,076$675$413$248$163
39 years$1,602$1,023$632$380$224$146
40 years$1,545$973$592$351$204$130
41 years$1,490$926$555$324$185$117
42 years$1,439$882$521$299$168$104
43 years$1,389$841$489$276$152$93
44 years$1,343$801$459$255$138$84
45 years$1,298$764$431$235$125$75
46 years$1,255$729$405$217$114$67
47 years$1,215$696$380$201$103$60
48 years$1,176$664$357$185$94$54
49 years$1,139$634$336$171$85$48
50 years$1,103$606$316$158$77$43

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 $5,741 every year, while hoping to spend $50,072 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: 71/6/23 Blend
29$1,130,000$1,130,000$1,130,000$1,130,000
30$1,251,182$1,191,292$1,173,777$1,332,450
31$1,325,526$1,196,389$1,159,822$1,392,540
32$1,405,775$1,200,058$1,143,722$1,451,872
33$1,492,479$1,202,175$1,125,351$1,515,620
34$1,586,241$1,202,610$1,104,579$1,584,220
35$1,687,724$1,201,225$1,081,270$1,658,148
36$1,797,660$1,197,873$1,055,279$1,737,932
37$1,916,848$1,192,396$1,026,459$1,824,155
38$2,046,173$1,184,629$994,651$1,917,459
39$2,186,604$1,174,397$959,693$2,018,554
40$2,339,207$1,161,513$921,413$2,128,223
41$2,505,158$1,145,779$879,632$2,247,329
42$2,685,748$1,126,985$834,163$2,376,824
43$2,882,397$1,104,910$784,810$2,517,762
44$3,096,669$1,079,319$731,369$2,671,301
45$3,330,285$1,049,961$673,626$2,838,722
46$3,585,140$1,016,575$611,358$3,021,438
47$3,863,318$978,881$544,332$3,221,007
48$4,167,113$936,583$472,304$3,439,148
49$4,499,052$889,369$395,020$3,677,757
50$4,861,916$836,909$312,214$3,938,928
51$5,258,767$778,853$223,608$4,224,967
52$5,692,976$714,831$128,914$4,538,422
53$6,168,256$644,454$27,829$4,882,099
54$6,688,694$567,309$0$5,259,098
55$7,258,792$482,958$0$5,692,479
56$7,883,507$390,941$0$6,174,931
57$8,568,299$290,772$0$6,703,858
58$9,319,182$181,935$0$7,283,931
59$10,142,777$63,889$0$7,920,299
60$11,046,379$0$0$8,618,632
61$12,038,024$0$0$9,389,399
62$13,126,561$0$0$10,240,166
63$14,321,740$0$0$11,174,343
64$15,634,299$0$0$12,200,331
65$17,076,070$0$0$13,327,384
66$18,660,084$0$0$14,565,700
67$20,400,698$0$0$15,926,511
68$22,313,729$0$0$17,422,189
69$24,416,603$0$0$19,066,369
70$26,728,516$0$0$20,874,070
71$29,270,619$0$0$22,861,838
72$32,066,214$0$0$25,047,905
73$35,140,975$0$0$27,452,357
74$38,523,187$0$0$30,097,325
75$42,244,017$0$0$33,007,191
76$46,337,802$0$0$36,208,821
77$50,842,378$0$0$39,731,817
78$55,799,432$0$0$43,608,794
79$61,254,895$0$0$47,875,689
80$67,259,379$0$0$52,572,100
81$73,868,650$0$0$57,741,656
82$81,144,155$0$0$63,432,435
83$89,153,599$0$0$69,697,408
84$97,971,587$0$0$76,594,947
85$107,680,327$0$0$84,189,370
86$118,370,401$0$0$92,551,548
87$130,141,622$0$0$101,759,577
88$143,103,978$0$0$111,899,510
89$157,378,663$0$0$123,066,170
90$173,099,225$0$0$135,364,046
91$190,412,825$0$0$148,908,277
92$209,481,623$0$0$163,825,738
93$230,484,309$0$0$180,256,238
94$253,617,789$0$0$198,353,837
95$279,099,042$0$0$218,288,303
96$307,167,168$0$0$240,246,709
97$338,085,645$0$0$264,435,202
98$372,144,810$0$0$291,080,946
99$409,664,604$0$0$320,434,267
100$450,997,589$0$0$352,771,013