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%20%
1 years$95,792$94,938$94,106$93,293$92,500$88,795
2 years$47,422$46,538$45,683$44,853$44,048$40,361
3 years$31,300$30,413$29,560$28,738$27,946$24,394
4 years$23,241$22,357$21,512$20,704$19,931$16,542
5 years$18,407$17,528$16,694$15,902$15,151$11,932
6 years$15,185$14,313$13,491$12,717$11,989$8,942
7 years$12,885$12,020$11,211$10,456$9,750$6,875
8 years$11,161$10,303$9,508$8,771$8,089$5,382
9 years$9,820$8,971$8,189$7,471$6,812$4,269
10 years$8,748$7,908$7,140$6,440$5,804$3,421
11 years$7,872$7,040$6,286$5,605$4,992$2,762
12 years$7,142$6,318$5,578$4,916$4,326$2,243
13 years$6,525$5,710$4,984$4,340$3,772$1,831
14 years$5,997$5,190$4,478$3,853$3,307$1,500
15 years$5,539$4,741$4,043$3,436$2,911$1,233
16 years$5,139$4,350$3,666$3,077$2,573$1,015
17 years$4,787$4,006$3,336$2,764$2,281$838
18 years$4,474$3,702$3,045$2,491$2,029$693
19 years$4,194$3,431$2,788$2,251$1,808$574
20 years$3,942$3,188$2,558$2,039$1,615$476
21 years$3,715$2,970$2,353$1,850$1,445$395
22 years$3,509$2,772$2,169$1,682$1,295$328
23 years$3,321$2,593$2,002$1,532$1,163$272
24 years$3,149$2,429$1,852$1,397$1,045$226
25 years$2,991$2,280$1,715$1,276$941$188
26 years$2,845$2,143$1,591$1,167$847$157
27 years$2,710$2,016$1,477$1,068$764$130
28 years$2,585$1,900$1,373$979$689$108
29 years$2,469$1,792$1,278$897$622$90
30 years$2,361$1,693$1,190$824$562$75
31 years$2,260$1,600$1,110$756$508$63
32 years$2,166$1,514$1,035$695$460$52
33 years$2,077$1,434$967$639$416$43
34 years$1,994$1,359$903$588$377$36
35 years$1,916$1,289$844$541$341$30
36 years$1,842$1,223$790$499$309$25
37 years$1,773$1,162$739$459$280$21
38 years$1,707$1,104$692$423$254$17
39 years$1,645$1,050$649$390$230$15
40 years$1,586$999$608$360$209$12
41 years$1,530$951$570$332$190$10
42 years$1,477$906$535$307$172$8
43 years$1,426$863$502$283$156$7
44 years$1,378$823$471$261$142$6
45 years$1,332$784$442$241$129$5
46 years$1,289$748$415$223$117$4
47 years$1,247$714$390$206$106$3
48 years$1,207$682$367$190$96$3
49 years$1,169$651$345$176$87$2
50 years$1,133$622$324$163$79$2

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 $4,989 every year, while hoping to spend $49,318 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: 26/45/29 Blend
29$1,160,000$1,160,000$1,160,000$1,160,000
30$1,283,466$1,221,986$1,204,006$1,305,136
31$1,361,906$1,229,390$1,191,866$1,330,825
32$1,446,693$1,235,503$1,177,667$1,353,845
33$1,538,424$1,240,210$1,161,287$1,377,540
34$1,637,753$1,243,390$1,142,599$1,402,002
35$1,745,399$1,244,912$1,121,472$1,427,336
36$1,862,153$1,244,636$1,097,765$1,453,663
37$1,988,887$1,242,417$1,071,334$1,481,118
38$2,126,556$1,238,099$1,042,027$1,509,856
39$2,276,214$1,231,515$1,009,684$1,540,054
40$2,439,019$1,222,490$974,139$1,571,911
41$2,616,244$1,210,837$935,218$1,605,651
42$2,809,293$1,196,360$892,740$1,641,530
43$3,019,707$1,178,848$846,513$1,679,832
44$3,249,186$1,158,080$796,340$1,720,881
45$3,499,598$1,133,821$742,012$1,765,038
46$3,773,000$1,105,821$683,312$1,812,712
47$4,071,657$1,073,817$620,014$1,864,358
48$4,398,062$1,037,531$551,881$1,920,488
49$4,754,960$996,665$478,665$1,981,675
50$5,145,373$950,909$400,107$2,048,560
51$5,572,628$899,930$315,938$2,121,860
52$6,040,390$843,381$225,875$2,202,375
53$6,552,693$780,890$129,625$2,290,998
54$7,113,981$712,067$26,881$2,388,727
55$7,729,147$636,498$0$2,496,672
56$8,403,580$553,746$0$2,641,681
57$9,143,216$463,351$0$2,810,064
58$9,954,594$364,825$0$2,995,137
59$10,844,913$257,651$0$3,198,718
60$11,822,105$141,288$0$3,422,823
61$12,894,908$15,159$0$3,669,682
62$14,072,946$0$0$3,941,767
63$15,366,820$0$0$4,301,897
64$16,788,210$0$0$4,705,972
65$18,349,982$0$0$5,150,169
66$20,066,310$0$0$5,638,546
67$21,952,810$0$0$6,175,574
68$24,026,684$0$0$6,766,178
69$26,306,886$0$0$7,415,787
70$28,814,297$0$0$8,130,378
71$31,571,924$0$0$8,916,540
72$34,605,113$0$0$9,781,532
73$37,941,793$0$0$10,733,351
74$41,612,733$0$0$11,780,810
75$45,651,837$0$0$12,933,619
76$50,096,459$0$0$14,202,476
77$54,987,759$0$0$15,599,170
78$60,371,088$0$0$17,136,689
79$66,296,415$0$0$18,829,348
80$72,818,801$0$0$20,692,916
81$79,998,916$0$0$22,744,772
82$87,903,609$0$0$25,004,064
83$96,606,541$0$0$27,491,893
84$106,188,882$0$0$30,231,509
85$116,740,067$0$0$33,248,532
86$128,358,651$0$0$36,571,194
87$141,153,231$0$0$40,230,604
88$155,243,470$0$0$44,261,042
89$170,761,231$0$0$48,700,282
90$187,851,815$0$0$53,589,951
91$206,675,337$0$0$58,975,916
92$227,408,231$0$0$64,908,722
93$250,244,919$0$0$71,444,069
94$275,399,642$0$0$78,643,333
95$303,108,483$0$0$86,574,149
96$333,631,596$0$0$95,311,047
97$367,255,656$0$0$104,936,159
98$404,296,570$0$0$115,539,989
99$445,102,454$0$0$127,222,271
100$490,056,919$0$0$140,092,907