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%14.2%
1 years$93,314$92,483$91,672$90,881$90,108$88,542
2 years$46,195$45,335$44,501$43,693$42,908$41,336
3 years$30,491$29,627$28,795$27,994$27,223$25,693
4 years$22,640$21,779$20,955$20,168$19,416$17,940
5 years$17,931$17,075$16,262$15,491$14,759$13,342
6 years$14,793$13,943$13,142$12,388$11,679$10,321
7 years$12,552$11,709$10,921$10,185$9,498$8,201
8 years$10,872$10,037$9,262$8,544$7,879$6,642
9 years$9,566$8,739$7,978$7,278$6,636$5,458
10 years$8,522$7,703$6,955$6,273$5,654$4,534
11 years$7,668$6,858$6,123$5,460$4,862$3,800
12 years$6,957$6,155$5,434$4,789$4,214$3,207
13 years$6,356$5,562$4,855$4,228$3,674$2,722
14 years$5,842$5,056$4,362$3,753$3,221$2,321
15 years$5,396$4,619$3,938$3,347$2,836$1,987
16 years$5,006$4,238$3,571$2,997$2,506$1,706
17 years$4,663$3,903$3,249$2,693$2,222$1,469
18 years$4,358$3,606$2,966$2,427$1,976$1,268
19 years$4,085$3,342$2,715$2,193$1,761$1,097
20 years$3,841$3,106$2,492$1,986$1,573$950
21 years$3,619$2,893$2,292$1,802$1,408$824
22 years$3,418$2,700$2,113$1,639$1,262$716
23 years$3,235$2,526$1,951$1,492$1,133$622
24 years$3,067$2,366$1,804$1,361$1,018$542
25 years$2,913$2,221$1,671$1,243$916$472
26 years$2,771$2,087$1,550$1,137$825$411
27 years$2,640$1,964$1,439$1,040$744$359
28 years$2,519$1,851$1,338$953$671$313
29 years$2,405$1,746$1,245$874$606$273
30 years$2,300$1,649$1,160$802$548$239
31 years$2,202$1,559$1,081$737$495$208
32 years$2,110$1,475$1,009$677$448$182
33 years$2,024$1,397$942$623$405$159
34 years$1,943$1,324$880$573$367$139
35 years$1,866$1,256$823$527$332$122
36 years$1,795$1,192$770$486$301$106
37 years$1,727$1,132$720$448$273$93
38 years$1,663$1,076$675$413$248$81
39 years$1,602$1,023$632$380$224$71
40 years$1,545$973$592$351$204$62
41 years$1,490$926$555$324$185$55
42 years$1,439$882$521$299$168$48
43 years$1,389$841$489$276$152$42
44 years$1,343$801$459$255$138$37
45 years$1,298$764$431$235$125$32
46 years$1,255$729$405$217$114$28
47 years$1,215$696$380$201$103$25
48 years$1,176$664$357$185$94$21
49 years$1,139$634$336$171$85$19
50 years$1,103$606$316$158$77$16

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 $6,898 every year, while hoping to spend $54,872 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: 38/41/21 Blend
29$1,130,000$1,130,000$1,130,000$1,130,000
30$1,252,375$1,192,485$1,174,970$1,291,862
31$1,321,734$1,192,534$1,155,948$1,321,114
32$1,396,329$1,190,745$1,134,450$1,347,037
33$1,476,635$1,186,972$1,110,335$1,373,935
34$1,563,175$1,181,058$1,083,455$1,401,926
35$1,656,524$1,172,835$1,053,656$1,431,146
36$1,757,313$1,162,127$1,020,777$1,461,748
37$1,866,235$1,148,747$984,649$1,493,906
38$1,984,052$1,132,497$945,095$1,527,815
39$2,111,601$1,113,165$901,931$1,563,695
40$2,249,802$1,090,528$854,965$1,601,795
41$2,399,670$1,064,352$803,993$1,642,393
42$2,562,316$1,034,385$748,807$1,685,802
43$2,738,965$1,000,362$689,185$1,732,373
44$2,930,964$962,005$624,897$1,782,500
45$3,139,794$919,015$555,703$1,836,625
46$3,367,087$871,080$481,353$1,895,239
47$3,614,634$817,868$401,583$1,958,896
48$3,884,411$759,027$316,120$2,028,212
49$4,178,589$694,188$224,678$2,103,875
50$4,499,559$622,957$126,959$2,186,652
51$4,849,953$544,921$22,651$2,277,400
52$5,232,668$459,642$0$2,377,074
53$5,650,892$366,656$0$2,506,604
54$6,108,136$265,476$0$2,654,013
55$6,608,267$155,584$0$2,815,617
56$7,155,539$36,437$0$2,992,963
57$7,754,639$0$0$3,187,766
58$8,410,729$0$0$3,443,677
59$9,129,491$0$0$3,742,197
60$9,917,185$0$0$4,069,504
61$10,780,702$0$0$4,428,482
62$11,727,635$0$0$4,822,310
63$12,766,345$0$0$5,254,484
64$13,906,042$0$0$5,728,860
65$15,156,870$0$0$6,249,682
66$16,530,003$0$0$6,821,627
67$18,037,751$0$0$7,449,846
68$19,693,672$0$0$8,140,015
69$21,512,704$0$0$8,898,385
70$23,511,301$0$0$9,731,844
71$25,707,589$0$0$10,647,979
72$28,121,541$0$0$11,655,149
73$30,775,156$0$0$12,762,565
74$33,692,675$0$0$13,980,373
75$36,900,802$0$0$15,319,752
76$40,428,960$0$0$16,793,019
77$44,309,564$0$0$18,413,744
78$48,578,330$0$0$20,196,881
79$53,274,610$0$0$22,158,903
80$58,441,762$0$0$24,317,963
81$64,127,556$0$0$26,694,061
82$70,384,631$0$0$29,309,233
83$77,270,984$0$0$32,187,764
84$84,850,519$0$0$35,356,408
85$93,193,650$0$0$38,844,646
86$102,377,964$0$0$42,684,964
87$112,488,954$0$0$46,913,156
88$123,620,820$0$0$51,568,666
89$135,877,363$0$0$56,694,954
90$149,372,960$0$0$62,339,912
91$164,233,646$0$0$68,556,310
92$180,598,299$0$0$75,402,299
93$198,619,950$0$0$82,941,957
94$218,467,228$0$0$91,245,891
95$240,325,953$0$0$100,391,908
96$264,400,882$0$0$110,465,745
97$290,917,647$0$0$121,561,881
98$320,124,880$0$0$133,784,424
99$352,296,560$0$0$147,248,098
100$387,734,598$0$0$162,079,323