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%15%
1 years$95,792$94,938$94,106$93,293$92,500$90,595
2 years$47,422$46,538$45,683$44,853$44,048$42,137
3 years$31,300$30,413$29,560$28,738$27,946$26,089
4 years$23,241$22,357$21,512$20,704$19,931$18,143
5 years$18,407$17,528$16,694$15,902$15,151$13,437
6 years$15,185$14,313$13,491$12,717$11,989$10,349
7 years$12,885$12,020$11,211$10,456$9,750$8,186
8 years$11,161$10,303$9,508$8,771$8,089$6,600
9 years$9,820$8,971$8,189$7,471$6,812$5,397
10 years$8,748$7,908$7,140$6,440$5,804$4,462
11 years$7,872$7,040$6,286$5,605$4,992$3,721
12 years$7,142$6,318$5,578$4,916$4,326$3,124
13 years$6,525$5,710$4,984$4,340$3,772$2,637
14 years$5,997$5,190$4,478$3,853$3,307$2,237
15 years$5,539$4,741$4,043$3,436$2,911$1,904
16 years$5,139$4,350$3,666$3,077$2,573$1,626
17 years$4,787$4,006$3,336$2,764$2,281$1,392
18 years$4,474$3,702$3,045$2,491$2,029$1,195
19 years$4,194$3,431$2,788$2,251$1,808$1,027
20 years$3,942$3,188$2,558$2,039$1,615$884
21 years$3,715$2,970$2,353$1,850$1,445$763
22 years$3,509$2,772$2,169$1,682$1,295$658
23 years$3,321$2,593$2,002$1,532$1,163$569
24 years$3,149$2,429$1,852$1,397$1,045$492
25 years$2,991$2,280$1,715$1,276$941$426
26 years$2,845$2,143$1,591$1,167$847$369
27 years$2,710$2,016$1,477$1,068$764$319
28 years$2,585$1,900$1,373$979$689$277
29 years$2,469$1,792$1,278$897$622$240
30 years$2,361$1,693$1,190$824$562$208
31 years$2,260$1,600$1,110$756$508$181
32 years$2,166$1,514$1,035$695$460$157
33 years$2,077$1,434$967$639$416$136
34 years$1,994$1,359$903$588$377$118
35 years$1,916$1,289$844$541$341$103
36 years$1,842$1,223$790$499$309$89
37 years$1,773$1,162$739$459$280$78
38 years$1,707$1,104$692$423$254$67
39 years$1,645$1,050$649$390$230$59
40 years$1,586$999$608$360$209$51
41 years$1,530$951$570$332$190$44
42 years$1,477$906$535$307$172$38
43 years$1,426$863$502$283$156$33
44 years$1,378$823$471$261$142$29
45 years$1,332$784$442$241$129$25
46 years$1,289$748$415$223$117$22
47 years$1,247$714$390$206$106$19
48 years$1,207$682$367$190$96$17
49 years$1,169$651$345$176$87$14
50 years$1,133$622$324$163$79$13

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 $5,749 every year, while hoping to spend $32,944 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: 84/8/8 Blend
29$1,160,000$1,160,000$1,160,000$1,160,000
30$1,284,250$1,222,770$1,204,790$1,390,484
31$1,380,191$1,247,634$1,210,098$1,485,603
32$1,484,815$1,272,611$1,214,480$1,585,011
33$1,598,971$1,297,674$1,217,870$1,693,171
34$1,723,596$1,322,790$1,220,199$1,810,942
35$1,859,720$1,347,925$1,221,394$1,939,271
36$2,008,480$1,373,042$1,221,379$2,079,196
37$2,171,124$1,398,099$1,220,074$2,231,866
38$2,349,027$1,423,055$1,217,395$2,398,544
39$2,543,705$1,447,862$1,213,255$2,580,619
40$2,756,825$1,472,469$1,207,561$2,779,625
41$2,990,224$1,496,822$1,200,216$2,997,248
42$3,245,923$1,520,863$1,191,120$3,235,348
43$3,526,151$1,544,529$1,180,166$3,495,973
44$3,833,360$1,567,753$1,167,243$3,781,379
45$4,170,252$1,590,462$1,152,235$4,094,050
46$4,539,802$1,612,579$1,135,020$4,436,726
47$4,945,288$1,634,022$1,115,470$4,812,421
48$5,390,321$1,654,702$1,093,451$5,224,461
49$5,878,876$1,674,525$1,068,824$5,676,507
50$6,415,334$1,693,389$1,041,442$6,172,592
51$7,004,520$1,711,187$1,011,152$6,717,163
52$7,651,750$1,727,805$977,795$7,315,117
53$8,362,880$1,743,118$941,203$7,971,851
54$9,144,360$1,756,998$901,200$8,693,311
55$10,003,299$1,769,305$857,604$9,486,049
56$10,947,525$1,779,890$810,223$10,357,286
57$11,985,664$1,788,596$758,857$11,314,975
58$13,127,220$1,795,256$703,297$12,367,885
59$14,382,665$1,799,692$643,326$13,525,674
60$15,763,533$1,801,713$578,714$14,798,987
61$17,282,536$1,801,120$509,223$16,199,552
62$18,953,678$1,797,698$434,605$17,740,296
63$20,792,388$1,791,220$354,600$19,435,462
64$22,815,668$1,781,446$268,935$21,300,743
65$25,042,250$1,768,120$177,328$23,353,437
66$27,492,773$1,750,973$79,482$25,612,601
67$30,189,981$1,729,715$0$28,099,239
68$33,158,932$1,704,044$0$30,838,624
69$36,427,237$1,673,636$0$33,861,510
70$40,025,322$1,638,151$0$37,189,241
71$43,986,710$1,597,225$0$40,852,820
72$48,348,342$1,550,477$0$44,886,409
73$53,150,922$1,497,500$0$49,327,654
74$58,439,304$1,437,865$0$54,218,037
75$64,262,911$1,371,118$0$59,603,272
76$70,676,203$1,296,779$0$65,533,732
77$77,739,194$1,214,339$0$72,064,926
78$85,518,011$1,123,261$0$79,258,022
79$94,085,525$1,022,977$0$87,180,428
80$103,522,032$912,887$0$95,906,422
81$113,916,016$792,355$0$105,517,858
82$125,364,980$660,711$0$116,104,938
83$137,976,369$517,247$0$127,767,061
84$151,868,581$361,214$0$140,613,763
85$167,172,085$191,823$0$154,765,750
86$184,030,654$8,237$0$170,356,039
87$202,602,717$0$0$187,531,213
88$223,062,860$0$0$206,469,567
89$245,603,469$0$0$227,334,478
90$270,436,549$0$0$250,321,468
91$297,795,721$0$0$275,646,795
92$327,938,430$0$0$303,548,770
93$361,148,374$0$0$334,290,006
94$397,738,178$0$0$368,159,895
95$438,052,351$0$0$405,477,340
96$482,470,534$0$0$446,593,766
97$531,411,082$0$0$491,896,437
98$585,335,016$0$0$541,812,108
99$644,750,370$0$0$596,811,058
100$710,216,993$0$0$657,411,526