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%16.7%
1 years$94,140$93,302$92,483$91,685$90,905$88,421
2 years$46,604$45,736$44,895$44,079$43,288$40,803
3 years$30,761$29,889$29,050$28,242$27,464$25,056
4 years$22,841$21,972$21,141$20,347$19,587$17,276
5 years$18,090$17,226$16,406$15,628$14,890$12,681
6 years$14,924$14,066$13,259$12,498$11,782$9,677
7 years$12,663$11,813$11,018$10,275$9,582$7,581
8 years$10,968$10,126$9,344$8,620$7,949$6,052
9 years$9,651$8,816$8,048$7,342$6,694$4,898
10 years$8,597$7,771$7,017$6,329$5,704$4,007
11 years$7,736$6,918$6,177$5,508$4,906$3,305
12 years$7,019$6,209$5,482$4,831$4,251$2,744
13 years$6,413$5,612$4,898$4,265$3,707$2,291
14 years$5,893$5,101$4,401$3,786$3,250$1,920
15 years$5,444$4,660$3,973$3,377$2,861$1,615
16 years$5,051$4,275$3,602$3,023$2,529$1,363
17 years$4,704$3,937$3,278$2,717$2,242$1,153
18 years$4,397$3,638$2,992$2,448$1,994$977
19 years$4,122$3,372$2,739$2,212$1,777$829
20 years$3,874$3,133$2,514$2,004$1,587$705
21 years$3,651$2,918$2,313$1,818$1,420$600
22 years$3,448$2,724$2,131$1,653$1,273$511
23 years$3,264$2,548$1,968$1,506$1,143$436
24 years$3,094$2,387$1,820$1,373$1,027$372
25 years$2,939$2,240$1,686$1,254$924$317
26 years$2,796$2,106$1,563$1,147$833$271
27 years$2,664$1,982$1,452$1,050$751$232
28 years$2,541$1,867$1,350$962$677$198
29 years$2,427$1,762$1,256$882$612$170
30 years$2,321$1,664$1,170$809$553$145
31 years$2,221$1,573$1,091$743$500$124
32 years$2,129$1,488$1,018$683$452$106
33 years$2,042$1,409$950$628$409$91
34 years$1,960$1,336$888$578$370$78
35 years$1,883$1,267$830$532$335$67
36 years$1,811$1,202$776$490$304$57
37 years$1,742$1,142$727$451$275$49
38 years$1,678$1,085$681$416$250$42
39 years$1,616$1,032$638$384$226$36
40 years$1,559$982$598$354$205$31
41 years$1,504$935$560$327$186$26
42 years$1,451$890$526$301$169$23
43 years$1,402$848$493$278$153$19
44 years$1,354$808$463$257$139$17
45 years$1,309$771$435$237$126$14
46 years$1,267$735$408$219$115$12
47 years$1,226$702$384$202$104$10
48 years$1,186$670$360$187$95$9
49 years$1,149$640$339$173$86$8
50 years$1,113$611$319$160$78$7

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 $4,803 every year, while hoping to spend $48,822 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: 21/50/29 Blend
29$1,140,000$1,140,000$1,140,000$1,140,000
30$1,261,234$1,200,814$1,183,144$1,276,032
31$1,337,934$1,207,708$1,170,833$1,296,874
32$1,420,821$1,213,303$1,156,474$1,314,777
33$1,510,474$1,217,485$1,139,945$1,332,858
34$1,607,531$1,220,130$1,121,122$1,351,162
35$1,712,692$1,221,109$1,099,872$1,369,743
36$1,826,727$1,220,284$1,076,058$1,388,666
37$1,950,482$1,217,507$1,049,536$1,408,006
38$2,084,890$1,212,624$1,020,154$1,427,853
39$2,230,974$1,205,468$987,755$1,448,309
40$2,389,862$1,195,864$952,173$1,469,494
41$2,562,793$1,183,626$913,236$1,491,545
42$2,751,132$1,168,558$870,763$1,514,622
43$2,956,380$1,150,450$824,566$1,538,904
44$3,180,189$1,129,080$774,447$1,564,601
45$3,424,378$1,104,215$720,201$1,591,946
46$3,690,948$1,075,605$661,611$1,621,210
47$3,982,103$1,042,987$598,453$1,652,697
48$4,300,267$1,006,084$530,491$1,686,751
49$4,648,112$964,600$457,480$1,723,763
50$5,028,578$918,223$379,164$1,764,173
51$5,444,902$866,625$295,275$1,808,476
52$5,900,648$809,455$205,533$1,857,231
53$6,399,741$746,346$109,645$1,911,067
54$6,946,505$676,907$7,309$1,970,686
55$7,545,699$600,726$0$2,036,881
56$8,202,567$517,368$0$2,142,067
57$8,922,882$426,373$0$2,260,168
58$9,713,004$327,253$0$2,390,135
59$10,579,939$219,497$0$2,533,320
60$11,531,401$102,560$0$2,691,223
61$12,575,890$0$0$2,865,509
62$13,722,768$0$0$3,071,302
63$14,982,348$0$0$3,359,504
64$16,365,991$0$0$3,676,314
65$17,886,211$0$0$4,024,624
66$19,556,798$0$0$4,407,621
67$21,392,939$0$0$4,828,817
68$23,411,369$0$0$5,292,081
69$25,630,523$0$0$5,801,676
70$28,070,714$0$0$6,362,298
71$30,754,320$0$0$6,979,122
72$33,705,996$0$0$7,657,851
73$36,952,908$0$0$8,404,766
74$40,524,984$0$0$9,226,789
75$44,455,203$0$0$10,131,548
76$48,779,899$0$0$11,127,447
77$53,539,108$0$0$12,223,745
78$58,776,941$0$0$13,430,647
79$64,542,004$0$0$14,759,395
80$70,887,853$0$0$16,222,378
81$77,873,499$0$0$17,833,248
82$85,563,966$0$0$19,607,047
83$94,030,902$0$0$21,560,349
84$103,353,258$0$0$23,711,419
85$113,618,027$0$0$26,080,385
86$124,921,068$0$0$28,689,422
87$137,368,011$0$0$31,562,969
88$151,075,249$0$0$34,727,956
89$166,171,041$0$0$38,214,057
90$182,796,715$0$0$42,053,971
91$201,108,010$0$0$46,283,733
92$221,276,536$0$0$50,943,048
93$243,491,401$0$0$56,075,671
94$267,960,989$0$0$61,729,820
95$294,914,929$0$0$67,958,627
96$324,606,261$0$0$74,820,642
97$357,313,824$0$0$82,380,384
98$393,344,887$0$0$90,708,954
99$433,038,048$0$0$99,884,699
100$476,766,428$0$0$109,993,958