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

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$94,140$93,302$92,483$91,685$90,905$89,769
2 years$46,604$45,736$44,895$44,079$43,288$42,145
3 years$30,761$29,889$29,050$28,242$27,464$26,349
4 years$22,841$21,972$21,141$20,347$19,587$18,510
5 years$18,090$17,226$16,406$15,628$14,890$13,853
6 years$14,924$14,066$13,259$12,498$11,782$10,786
7 years$12,663$11,813$11,018$10,275$9,582$8,628
8 years$10,968$10,126$9,344$8,620$7,949$7,037
9 years$9,651$8,816$8,048$7,342$6,694$5,823
10 years$8,597$7,771$7,017$6,329$5,704$4,874
11 years$7,736$6,918$6,177$5,508$4,906$4,115
12 years$7,019$6,209$5,482$4,831$4,251$3,500
13 years$6,413$5,612$4,898$4,265$3,707$2,994
14 years$5,893$5,101$4,401$3,786$3,250$2,573
15 years$5,444$4,660$3,973$3,377$2,861$2,221
16 years$5,051$4,275$3,602$3,023$2,529$1,923
17 years$4,704$3,937$3,278$2,717$2,242$1,670
18 years$4,397$3,638$2,992$2,448$1,994$1,454
19 years$4,122$3,372$2,739$2,212$1,777$1,269
20 years$3,874$3,133$2,514$2,004$1,587$1,109
21 years$3,651$2,918$2,313$1,818$1,420$971
22 years$3,448$2,724$2,131$1,653$1,273$851
23 years$3,264$2,548$1,968$1,506$1,143$747
24 years$3,094$2,387$1,820$1,373$1,027$656
25 years$2,939$2,240$1,686$1,254$924$577
26 years$2,796$2,106$1,563$1,147$833$508
27 years$2,664$1,982$1,452$1,050$751$447
28 years$2,541$1,867$1,350$962$677$394
29 years$2,427$1,762$1,256$882$612$347
30 years$2,321$1,664$1,170$809$553$306
31 years$2,221$1,573$1,091$743$500$270
32 years$2,129$1,488$1,018$683$452$238
33 years$2,042$1,409$950$628$409$210
34 years$1,960$1,336$888$578$370$186
35 years$1,883$1,267$830$532$335$164
36 years$1,811$1,202$776$490$304$145
37 years$1,742$1,142$727$451$275$128
38 years$1,678$1,085$681$416$250$113
39 years$1,616$1,032$638$384$226$100
40 years$1,559$982$598$354$205$89
41 years$1,504$935$560$327$186$78
42 years$1,451$890$526$301$169$69
43 years$1,402$848$493$278$153$61
44 years$1,354$808$463$257$139$54
45 years$1,309$771$435$237$126$48
46 years$1,267$735$408$219$115$42
47 years$1,226$702$384$202$104$37
48 years$1,186$670$360$187$95$33
49 years$1,149$640$339$173$86$29
50 years$1,113$611$319$160$78$26

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 $5,835 every year, while hoping to spend $59,962 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: 53/31/16 Blend
29$1,140,000$1,140,000$1,140,000$1,140,000
30$1,262,299$1,201,879$1,184,209$1,323,469
31$1,327,254$1,196,972$1,160,081$1,361,030
32$1,396,825$1,189,815$1,133,135$1,395,031
33$1,471,420$1,180,234$1,103,213$1,430,690
34$1,551,485$1,168,045$1,070,150$1,468,181
35$1,637,510$1,153,054$1,033,775$1,507,700
36$1,730,036$1,135,053$993,906$1,549,463
37$1,829,652$1,113,823$950,354$1,593,714
38$1,937,008$1,089,132$902,922$1,640,725
39$2,052,818$1,060,734$851,405$1,690,798
40$2,177,864$1,028,369$795,586$1,744,270
41$2,313,009$991,762$735,241$1,801,517
42$2,459,198$950,620$670,134$1,862,960
43$2,617,471$904,636$600,019$1,929,064
44$2,788,973$853,482$524,639$2,000,349
45$2,974,960$796,815$443,726$2,077,394
46$3,176,815$734,268$357,000$2,160,841
47$3,396,060$665,457$264,169$2,251,404
48$3,634,366$589,973$164,927$2,349,878
49$3,893,575$507,385$58,956$2,457,146
50$4,175,712$417,239$0$2,574,187
51$4,483,003$319,052$0$2,711,329
52$4,817,901$212,317$0$2,871,882
53$5,183,104$96,498$0$3,047,169
54$5,581,582$0$0$3,238,742
55$6,016,603$0$0$3,458,197
56$6,491,767$0$0$3,733,961
57$7,011,032$0$0$4,035,428
58$7,578,762$0$0$4,365,144
59$8,199,758$0$0$4,725,912
60$8,879,306$0$0$5,120,816
61$9,623,227$0$0$5,553,256
62$10,437,933$0$0$6,026,974
63$11,330,483$0$0$6,546,090
64$12,308,651$0$0$7,115,144
65$13,380,999$0$0$7,739,134
66$14,556,959$0$0$8,423,565
67$15,846,916$0$0$9,174,502
68$17,262,310$0$0$9,998,625
69$18,815,744$0$0$10,903,290
70$20,521,097$0$0$11,896,602
71$22,393,660$0$0$12,987,489
72$24,450,276$0$0$14,185,786
73$26,709,499$0$0$15,502,327
74$29,191,770$0$0$16,949,047
75$31,919,606$0$0$18,539,095
76$34,917,815$0$0$20,286,957
77$38,213,728$0$0$22,208,593
78$41,837,453$0$0$24,321,585
79$45,822,166$0$0$26,645,305
80$50,204,414$0$0$29,201,096
81$55,024,465$0$0$32,012,475
82$60,326,687$0$0$35,105,349
83$66,159,961$0$0$38,508,266
84$72,578,148$0$0$42,252,679
85$79,640,591$0$0$46,373,244
86$87,412,676$0$0$50,908,147
87$95,966,450$0$0$55,899,461
88$105,381,295$0$0$61,393,549
89$115,744,682$0$0$67,441,492
90$127,152,991$0$0$74,099,578
91$139,712,422$0$0$81,429,829
92$153,539,994$0$0$89,500,587
93$168,764,651$0$0$98,387,157
94$185,528,476$0$0$108,172,518
95$203,988,030$0$0$118,948,107
96$224,315,832$0$0$130,814,679
97$246,701,983$0$0$143,883,259
98$271,355,957$0$0$158,276,186
99$298,508,583$0$0$174,128,271
100$328,414,219$0$0$191,588,069