Can I retire at age 30 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$95,792$94,938$94,106$93,293$92,500$89,183
2 years$47,422$46,538$45,683$44,853$44,048$40,741
3 years$31,300$30,413$29,560$28,738$27,946$24,754
4 years$23,241$22,357$21,512$20,704$19,931$16,879
5 years$18,407$17,528$16,694$15,902$15,151$12,247
6 years$15,185$14,313$13,491$12,717$11,989$9,234
7 years$12,885$12,020$11,211$10,456$9,750$7,144
8 years$11,161$10,303$9,508$8,771$8,089$5,629
9 years$9,820$8,971$8,189$7,471$6,812$4,496
10 years$8,748$7,908$7,140$6,440$5,804$3,627
11 years$7,872$7,040$6,286$5,605$4,992$2,950
12 years$7,142$6,318$5,578$4,916$4,326$2,414
13 years$6,525$5,710$4,984$4,340$3,772$1,985
14 years$5,997$5,190$4,478$3,853$3,307$1,639
15 years$5,539$4,741$4,043$3,436$2,911$1,357
16 years$5,139$4,350$3,666$3,077$2,573$1,127
17 years$4,787$4,006$3,336$2,764$2,281$938
18 years$4,474$3,702$3,045$2,491$2,029$782
19 years$4,194$3,431$2,788$2,251$1,808$653
20 years$3,942$3,188$2,558$2,039$1,615$546
21 years$3,715$2,970$2,353$1,850$1,445$457
22 years$3,509$2,772$2,169$1,682$1,295$382
23 years$3,321$2,593$2,002$1,532$1,163$320
24 years$3,149$2,429$1,852$1,397$1,045$269
25 years$2,991$2,280$1,715$1,276$941$225
26 years$2,845$2,143$1,591$1,167$847$189
27 years$2,710$2,016$1,477$1,068$764$159
28 years$2,585$1,900$1,373$979$689$133
29 years$2,469$1,792$1,278$897$622$112
30 years$2,361$1,693$1,190$824$562$94
31 years$2,260$1,600$1,110$756$508$79
32 years$2,166$1,514$1,035$695$460$66
33 years$2,077$1,434$967$639$416$56
34 years$1,994$1,359$903$588$377$47
35 years$1,916$1,289$844$541$341$39
36 years$1,842$1,223$790$499$309$33
37 years$1,773$1,162$739$459$280$28
38 years$1,707$1,104$692$423$254$23
39 years$1,645$1,050$649$390$230$20
40 years$1,586$999$608$360$209$17
41 years$1,530$951$570$332$190$14
42 years$1,477$906$535$307$172$12
43 years$1,426$863$502$283$156$10
44 years$1,378$823$471$261$142$8
45 years$1,332$784$442$241$129$7
46 years$1,289$748$415$223$117$6
47 years$1,247$714$390$206$106$5
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,160,000, adding $4,916 every year, while hoping to spend $31,213 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: 62/9/29 Blend
29$1,160,000$1,160,000$1,160,000$1,160,000
30$1,283,391$1,221,911$1,203,931$1,352,668
31$1,381,086$1,248,574$1,211,052$1,427,031
32$1,487,701$1,275,498$1,217,366$1,504,389
33$1,604,110$1,302,661$1,222,812$1,588,206
34$1,731,281$1,330,043$1,227,328$1,679,118
35$1,870,275$1,357,619$1,230,846$1,777,831
36$2,022,262$1,385,361$1,233,298$1,885,120
37$2,188,530$1,413,241$1,234,611$2,001,842
38$2,370,497$1,441,227$1,234,708$2,128,937
39$2,569,725$1,469,284$1,233,508$2,267,448
40$2,787,934$1,497,376$1,230,927$2,418,519
41$3,027,017$1,525,461$1,226,877$2,583,415
42$3,289,060$1,553,496$1,221,265$2,763,528
43$3,576,360$1,581,433$1,213,993$2,960,395
44$3,891,447$1,609,221$1,204,960$3,175,708
45$4,237,107$1,636,805$1,194,058$3,411,335
46$4,616,409$1,664,126$1,181,177$3,669,333
47$5,032,734$1,691,120$1,166,198$3,951,971
48$5,489,806$1,717,718$1,148,999$4,261,750
49$5,991,728$1,743,848$1,129,451$4,601,428
50$6,543,017$1,769,429$1,107,420$4,974,045
51$7,148,651$1,794,378$1,082,766$5,382,950
52$7,814,115$1,818,604$1,055,340$5,831,840
53$8,545,450$1,842,011$1,024,989$6,324,786
54$9,349,312$1,864,495$991,552$6,866,277
55$10,233,032$1,885,946$954,860$7,461,263
56$11,204,690$1,906,246$914,736$8,115,200
57$12,273,185$1,925,268$870,996$8,834,101
58$13,448,324$1,942,881$823,449$9,624,596
59$14,740,910$1,958,939$771,891$10,493,993
60$16,162,847$1,973,291$716,114$11,450,348
61$17,727,250$1,985,774$655,896$12,502,540
62$19,448,569$1,996,217$591,008$13,660,357
63$21,342,727$2,004,436$521,211$14,934,590
64$23,427,267$2,010,235$446,253$16,337,131
65$25,721,518$2,013,406$365,873$17,881,089
66$28,246,781$2,013,731$279,797$19,580,914
67$31,026,522$2,010,974$187,740$21,452,533
68$34,086,602$2,004,886$89,405$23,513,502
69$37,455,515$1,995,205$0$25,783,171
70$41,164,658$1,981,650$0$28,287,676
71$45,248,626$1,963,924$0$31,075,553
72$49,745,542$1,941,712$0$34,145,125
73$54,697,412$1,914,682$0$37,525,059
74$60,150,525$1,882,478$0$41,246,948
75$66,155,885$1,844,726$0$45,345,604
76$72,769,698$1,801,030$0$49,859,389
77$80,053,895$1,750,969$0$54,830,579
78$88,076,724$1,694,098$0$60,305,759
79$96,913,388$1,629,946$0$66,336,265
80$106,646,755$1,558,015$0$72,978,669
81$117,368,144$1,477,778$0$80,295,313
82$129,178,183$1,388,677$0$88,354,895
83$142,187,758$1,290,123$0$97,233,121
84$156,519,062$1,181,491$0$107,013,418
85$172,306,746$1,062,124$0$117,787,722
86$189,699,189$931,323$0$129,657,345
87$208,859,903$788,354$0$142,733,932
88$229,969,068$632,438$0$157,140,517
89$253,225,239$462,754$0$173,012,681
90$278,847,219$278,435$0$190,499,836
91$307,076,121$78,564$0$209,766,631
92$338,177,645$0$0$230,994,511
93$372,444,586$0$0$254,397,078
94$410,199,600$0$0$280,190,547
95$451,798,243$0$0$308,610,066
96$497,632,334$0$0$339,923,338
97$548,133,649$0$0$374,425,369
98$603,777,996$0$0$412,441,246
99$665,089,710$0$0$454,329,215
100$732,646,600$0$0$500,484,054