Can I retire at age 30 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$94,140$93,302$92,483$91,685$90,905$87,264
2 years$46,604$45,736$44,895$44,079$43,288$39,665
3 years$30,761$29,889$29,050$28,242$27,464$23,974
4 years$22,841$21,972$21,141$20,347$19,587$16,256
5 years$18,090$17,226$16,406$15,628$14,890$11,727
6 years$14,924$14,066$13,259$12,498$11,782$8,788
7 years$12,663$11,813$11,018$10,275$9,582$6,756
8 years$10,968$10,126$9,344$8,620$7,949$5,289
9 years$9,651$8,816$8,048$7,342$6,694$4,196
10 years$8,597$7,771$7,017$6,329$5,704$3,362
11 years$7,736$6,918$6,177$5,508$4,906$2,714
12 years$7,019$6,209$5,482$4,831$4,251$2,205
13 years$6,413$5,612$4,898$4,265$3,707$1,799
14 years$5,893$5,101$4,401$3,786$3,250$1,474
15 years$5,444$4,660$3,973$3,377$2,861$1,211
16 years$5,051$4,275$3,602$3,023$2,529$998
17 years$4,704$3,937$3,278$2,717$2,242$824
18 years$4,397$3,638$2,992$2,448$1,994$681
19 years$4,122$3,372$2,739$2,212$1,777$564
20 years$3,874$3,133$2,514$2,004$1,587$467
21 years$3,651$2,918$2,313$1,818$1,420$388
22 years$3,448$2,724$2,131$1,653$1,273$322
23 years$3,264$2,548$1,968$1,506$1,143$267
24 years$3,094$2,387$1,820$1,373$1,027$222
25 years$2,939$2,240$1,686$1,254$924$185
26 years$2,796$2,106$1,563$1,147$833$154
27 years$2,664$1,982$1,452$1,050$751$128
28 years$2,541$1,867$1,350$962$677$107
29 years$2,427$1,762$1,256$882$612$89
30 years$2,321$1,664$1,170$809$553$74
31 years$2,221$1,573$1,091$743$500$61
32 years$2,129$1,488$1,018$683$452$51
33 years$2,042$1,409$950$628$409$43
34 years$1,960$1,336$888$578$370$36
35 years$1,883$1,267$830$532$335$30
36 years$1,811$1,202$776$490$304$25
37 years$1,742$1,142$727$451$275$21
38 years$1,678$1,085$681$416$250$17
39 years$1,616$1,032$638$384$226$14
40 years$1,559$982$598$354$205$12
41 years$1,504$935$560$327$186$10
42 years$1,451$890$526$301$169$8
43 years$1,402$848$493$278$153$7
44 years$1,354$808$463$257$139$6
45 years$1,309$771$435$237$126$5
46 years$1,267$735$408$219$115$4
47 years$1,226$702$384$202$104$3
48 years$1,186$670$360$187$95$3
49 years$1,149$640$339$173$86$2
50 years$1,113$611$319$160$78$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,140,000, adding $3,162 every year, while hoping to spend $24,669 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: 53/17/30 Blend
29$1,140,000$1,140,000$1,140,000$1,140,000
30$1,259,542$1,199,122$1,181,452$1,315,560
31$1,361,767$1,231,631$1,194,783$1,387,334
32$1,473,593$1,264,906$1,207,733$1,462,657
33$1,595,972$1,298,960$1,220,265$1,544,153
34$1,729,954$1,333,802$1,232,337$1,632,427
35$1,876,695$1,369,443$1,243,906$1,728,141
36$2,037,468$1,405,896$1,254,926$1,832,027
37$2,213,674$1,443,169$1,265,351$1,944,891
38$2,406,857$1,481,272$1,275,128$2,067,620
39$2,618,717$1,520,216$1,284,206$2,201,193
40$2,851,128$1,560,007$1,292,528$2,346,688
41$3,106,151$1,600,656$1,300,036$2,505,292
42$3,386,059$1,642,169$1,306,668$2,678,317
43$3,693,355$1,684,553$1,312,359$2,867,203
44$4,030,796$1,727,815$1,317,042$3,073,542
45$4,401,418$1,771,959$1,320,644$3,299,086
46$4,808,567$1,816,989$1,323,090$3,545,767
47$5,255,929$1,862,910$1,324,301$3,815,713
48$5,747,563$1,909,722$1,324,195$4,111,271
49$6,287,944$1,957,428$1,322,685$4,435,026
50$6,881,999$2,006,026$1,319,679$4,789,829
51$7,535,156$2,055,515$1,315,082$5,178,820
52$8,253,399$2,105,892$1,308,794$5,605,462
53$9,043,316$2,157,151$1,300,709$6,073,571
54$9,912,169$2,209,287$1,290,718$6,587,351
55$10,867,958$2,262,289$1,278,705$7,151,438
56$11,919,497$2,316,148$1,264,548$7,770,942
57$13,076,497$2,370,852$1,248,122$8,451,492
58$14,349,660$2,426,383$1,229,295$9,199,295
59$15,750,775$2,482,726$1,207,926$10,021,191
60$17,292,834$2,539,859$1,183,871$10,924,718
61$18,990,150$2,597,759$1,156,978$11,918,187
62$20,858,496$2,656,400$1,127,087$13,010,755
63$22,915,251$2,715,752$1,094,033$14,212,516
64$25,179,564$2,775,781$1,057,640$15,534,594
65$27,672,536$2,836,451$1,017,728$16,989,250
66$30,417,418$2,897,721$974,106$18,589,999
67$33,439,830$2,959,545$926,573$20,351,734
68$36,768,003$3,021,873$874,924$22,290,871
69$40,433,045$3,084,650$818,939$24,425,501
70$44,469,235$3,147,817$758,393$26,775,564
71$48,914,344$3,211,307$693,046$29,363,037
72$53,809,996$3,275,050$622,652$32,212,140
73$59,202,055$3,338,967$546,951$35,349,567
74$65,141,063$3,402,975$465,672$38,804,738
75$71,682,712$3,466,981$378,533$42,610,078
76$78,888,373$3,530,888$285,238$46,801,321
77$86,825,674$3,594,588$185,480$51,417,852
78$95,569,135$3,657,965$78,936$56,503,076
79$105,200,878$3,720,897$0$62,104,830
80$115,811,395$3,783,248$0$68,286,963
81$127,500,406$3,844,875$0$75,124,139
82$140,377,797$3,905,624$0$82,655,215
83$154,564,661$3,965,329$0$90,950,887
84$170,194,438$4,023,811$0$100,089,058
85$187,414,174$4,080,881$0$110,155,577
86$206,385,910$4,136,334$0$121,245,050
87$227,288,210$4,189,953$0$133,461,728
88$250,317,850$4,241,503$0$146,920,497
89$275,691,670$4,290,736$0$161,747,959
90$303,648,624$4,337,385$0$178,083,629
91$334,452,033$4,381,167$0$196,081,251
92$368,392,075$4,421,778$0$215,910,251
93$405,788,518$4,458,897$0$237,757,334
94$446,993,742$4,492,178$0$261,828,249
95$492,396,065$4,521,256$0$288,349,729
96$542,423,408$4,545,742$0$317,571,635
97$597,547,332$4,565,219$0$349,769,313
98$658,287,493$4,579,249$0$385,246,192
99$725,216,547$4,587,361$0$424,336,653
100$798,965,552$4,589,059$0$467,409,180