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%11.5%
1 years$94,140$93,302$92,483$91,685$90,905$90,332
2 years$46,604$45,736$44,895$44,079$43,288$42,710
3 years$30,761$29,889$29,050$28,242$27,464$26,899
4 years$22,841$21,972$21,141$20,347$19,587$19,040
5 years$18,090$17,226$16,406$15,628$14,890$14,361
6 years$14,924$14,066$13,259$12,498$11,782$11,273
7 years$12,663$11,813$11,018$10,275$9,582$9,092
8 years$10,968$10,126$9,344$8,620$7,949$7,479
9 years$9,651$8,816$8,048$7,342$6,694$6,244
10 years$8,597$7,771$7,017$6,329$5,704$5,273
11 years$7,736$6,918$6,177$5,508$4,906$4,494
12 years$7,019$6,209$5,482$4,831$4,251$3,858
13 years$6,413$5,612$4,898$4,265$3,707$3,333
14 years$5,893$5,101$4,401$3,786$3,250$2,893
15 years$5,444$4,660$3,973$3,377$2,861$2,522
16 years$5,051$4,275$3,602$3,023$2,529$2,207
17 years$4,704$3,937$3,278$2,717$2,242$1,937
18 years$4,397$3,638$2,992$2,448$1,994$1,704
19 years$4,122$3,372$2,739$2,212$1,777$1,503
20 years$3,874$3,133$2,514$2,004$1,587$1,328
21 years$3,651$2,918$2,313$1,818$1,420$1,176
22 years$3,448$2,724$2,131$1,653$1,273$1,042
23 years$3,264$2,548$1,968$1,506$1,143$925
24 years$3,094$2,387$1,820$1,373$1,027$822
25 years$2,939$2,240$1,686$1,254$924$732
26 years$2,796$2,106$1,563$1,147$833$651
27 years$2,664$1,982$1,452$1,050$751$580
28 years$2,541$1,867$1,350$962$677$518
29 years$2,427$1,762$1,256$882$612$462
30 years$2,321$1,664$1,170$809$553$412
31 years$2,221$1,573$1,091$743$500$368
32 years$2,129$1,488$1,018$683$452$329
33 years$2,042$1,409$950$628$409$294
34 years$1,960$1,336$888$578$370$263
35 years$1,883$1,267$830$532$335$235
36 years$1,811$1,202$776$490$304$211
37 years$1,742$1,142$727$451$275$188
38 years$1,678$1,085$681$416$250$169
39 years$1,616$1,032$638$384$226$151
40 years$1,559$982$598$354$205$135
41 years$1,504$935$560$327$186$121
42 years$1,451$890$526$301$169$109
43 years$1,402$848$493$278$153$97
44 years$1,354$808$463$257$139$87
45 years$1,309$771$435$237$126$78
46 years$1,267$735$408$219$115$70
47 years$1,226$702$384$202$104$63
48 years$1,186$670$360$187$95$56
49 years$1,149$640$339$173$86$50
50 years$1,113$611$319$160$78$45

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 $3,816 every year, while hoping to spend $59,124 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: 80/12/8 Blend
29$1,140,000$1,140,000$1,140,000$1,140,000
30$1,260,216$1,199,796$1,182,126$1,359,420
31$1,325,851$1,195,679$1,158,820$1,420,865
32$1,396,198$1,189,378$1,132,751$1,480,114
33$1,471,678$1,180,724$1,103,765$1,543,355
34$1,552,747$1,169,538$1,071,700$1,610,956
35$1,639,911$1,155,630$1,036,386$1,683,326
36$1,733,723$1,138,796$997,645$1,760,910
37$1,834,789$1,118,823$955,293$1,844,203
38$1,943,777$1,095,485$909,135$1,933,748
39$2,061,420$1,068,541$858,968$2,030,144
40$2,188,522$1,037,738$804,582$2,134,052
41$2,325,970$1,002,805$745,753$2,246,201
42$2,474,735$963,459$682,252$2,367,393
43$2,635,887$919,397$613,837$2,498,513
44$2,810,601$870,302$540,254$2,640,536
45$3,000,171$815,835$461,241$2,794,539
46$3,206,018$755,640$376,522$2,961,707
47$3,429,705$689,340$285,809$3,143,349
48$3,672,955$616,537$188,803$3,340,906
49$3,937,658$536,809$85,190$3,555,968
50$4,225,898$449,712$0$3,790,289
51$4,539,966$354,774$0$4,047,968
52$4,882,384$251,500$0$4,336,871
53$5,255,929$139,365$0$4,652,101
54$5,663,654$17,815$0$4,996,281
55$6,108,924$0$0$5,372,301
56$6,595,440$0$0$5,798,367
57$7,127,277$0$0$6,266,726
58$7,708,924$0$0$6,778,980
59$8,345,321$0$0$7,339,485
60$9,041,908$0$0$7,953,037
61$9,804,676$0$0$8,624,917
62$10,640,222$0$0$9,360,939
63$11,555,810$0$0$10,167,508
64$12,559,443$0$0$11,051,678
65$13,659,932$0$0$12,021,216
66$14,866,982$0$0$13,084,678
67$16,191,284$0$0$14,251,488
68$17,644,614$0$0$15,532,027
69$19,239,940$0$0$16,937,727
70$20,991,550$0$0$18,481,184
71$22,915,181$0$0$20,176,271
72$25,028,172$0$0$22,038,273
73$27,349,621$0$0$24,084,025
74$29,900,568$0$0$26,332,077
75$32,704,191$0$0$28,802,861
76$35,786,028$0$0$31,518,890
77$39,174,212$0$0$34,504,965
78$42,899,737$0$0$37,788,411
79$46,996,754$0$0$41,399,333
80$51,502,885$0$0$45,370,899
81$56,459,584$0$0$49,739,652
82$61,912,524$0$0$54,545,858
83$67,912,026$0$0$59,833,878
84$74,513,538$0$0$65,652,594
85$81,778,149$0$0$72,055,861
86$89,773,175$0$0$79,103,023
87$98,572,783$0$0$86,859,466
88$108,258,697$0$0$95,397,236
89$118,920,967$0$0$104,795,718
90$130,658,814$0$0$115,142,387
91$143,581,571$0$0$126,533,627
92$157,809,710$0$0$139,075,646
93$173,475,977$0$0$152,885,471
94$190,726,648$0$0$168,092,058
95$209,722,906$0$0$184,837,503
96$230,642,359$0$0$203,278,386
97$253,680,720$0$0$223,587,243
98$279,053,648$0$0$245,954,199
99$306,998,786$0$0$270,588,759
100$337,778,000$0$0$297,721,781