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%14%
1 years$95,792$94,938$94,106$93,293$92,500$90,968
2 years$47,422$46,538$45,683$44,853$44,048$42,508
3 years$31,300$30,413$29,560$28,738$27,946$26,447
4 years$23,241$22,357$21,512$20,704$19,931$18,485
5 years$18,407$17,528$16,694$15,902$15,151$13,762
6 years$15,185$14,313$13,491$12,717$11,989$10,658
7 years$12,885$12,020$11,211$10,456$9,750$8,477
8 years$11,161$10,303$9,508$8,771$8,089$6,874
9 years$9,820$8,971$8,189$7,471$6,812$5,655
10 years$8,748$7,908$7,140$6,440$5,804$4,704
11 years$7,872$7,040$6,286$5,605$4,992$3,947
12 years$7,142$6,318$5,578$4,916$4,326$3,336
13 years$6,525$5,710$4,984$4,340$3,772$2,835
14 years$5,997$5,190$4,478$3,853$3,307$2,421
15 years$5,539$4,741$4,043$3,436$2,911$2,075
16 years$5,139$4,350$3,666$3,077$2,573$1,784
17 years$4,787$4,006$3,336$2,764$2,281$1,539
18 years$4,474$3,702$3,045$2,491$2,029$1,330
19 years$4,194$3,431$2,788$2,251$1,808$1,152
20 years$3,942$3,188$2,558$2,039$1,615$999
21 years$3,715$2,970$2,353$1,850$1,445$868
22 years$3,509$2,772$2,169$1,682$1,295$755
23 years$3,321$2,593$2,002$1,532$1,163$658
24 years$3,149$2,429$1,852$1,397$1,045$573
25 years$2,991$2,280$1,715$1,276$941$500
26 years$2,845$2,143$1,591$1,167$847$437
27 years$2,710$2,016$1,477$1,068$764$381
28 years$2,585$1,900$1,373$979$689$333
29 years$2,469$1,792$1,278$897$622$291
30 years$2,361$1,693$1,190$824$562$255
31 years$2,260$1,600$1,110$756$508$223
32 years$2,166$1,514$1,035$695$460$195
33 years$2,077$1,434$967$639$416$171
34 years$1,994$1,359$903$588$377$150
35 years$1,916$1,289$844$541$341$131
36 years$1,842$1,223$790$499$309$115
37 years$1,773$1,162$739$459$280$101
38 years$1,707$1,104$692$423$254$88
39 years$1,645$1,050$649$390$230$77
40 years$1,586$999$608$360$209$68
41 years$1,530$951$570$332$190$59
42 years$1,477$906$535$307$172$52
43 years$1,426$863$502$283$156$46
44 years$1,378$823$471$261$142$40
45 years$1,332$784$442$241$129$35
46 years$1,289$748$415$223$117$31
47 years$1,247$714$390$206$106$27
48 years$1,207$682$367$190$96$24
49 years$1,169$651$345$176$87$21
50 years$1,133$622$324$163$79$18

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 $2,422 every year, while hoping to spend $23,766 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: 55/30/15 Blend
29$1,160,000$1,160,000$1,160,000$1,160,000
30$1,280,818$1,219,338$1,201,358$1,346,081
31$1,386,175$1,253,799$1,216,317$1,425,208
32$1,501,481$1,289,152$1,230,980$1,508,554
33$1,627,727$1,325,415$1,245,313$1,598,769
34$1,766,003$1,362,608$1,259,279$1,696,511
35$1,917,509$1,400,749$1,272,838$1,802,510
36$2,083,566$1,439,857$1,285,949$1,917,566
37$2,265,631$1,479,952$1,298,570$2,042,560
38$2,465,308$1,521,051$1,310,654$2,178,464
39$2,684,361$1,563,175$1,322,153$2,326,347
40$2,924,738$1,606,342$1,333,017$2,487,385
41$3,188,579$1,650,571$1,343,191$2,662,876
42$3,478,247$1,695,882$1,352,620$2,854,246
43$3,796,340$1,742,292$1,361,245$3,063,070
44$4,145,723$1,789,820$1,369,003$3,291,078
45$4,529,551$1,838,486$1,375,829$3,540,180
46$4,951,299$1,888,306$1,381,654$3,812,476
47$5,414,798$1,939,299$1,386,405$4,110,283
48$5,924,265$1,991,483$1,390,007$4,436,151
49$6,484,348$2,044,874$1,392,381$4,792,890
50$7,100,168$2,099,489$1,393,442$5,183,596
51$7,777,366$2,155,344$1,393,103$5,611,679
52$8,522,156$2,212,455$1,391,271$6,080,898
53$9,341,388$2,270,837$1,387,850$6,595,392
54$10,242,605$2,330,503$1,382,739$7,159,724
55$11,234,121$2,391,468$1,375,830$7,778,920
56$12,325,094$2,453,743$1,367,014$8,458,517
57$13,525,618$2,517,340$1,356,173$9,204,619
58$14,846,810$2,582,270$1,343,184$10,023,949
59$16,300,924$2,648,541$1,327,920$10,923,916
60$17,901,460$2,716,160$1,310,247$11,912,685
61$19,663,292$2,785,135$1,290,023$12,999,251
62$21,602,811$2,855,471$1,267,103$14,193,528
63$23,738,079$2,927,169$1,241,331$15,506,440
64$26,088,994$3,000,232$1,212,547$16,950,023
65$28,677,486$3,074,658$1,180,582$18,537,542
66$31,527,718$3,150,444$1,145,260$20,283,616
67$34,666,315$3,227,586$1,106,396$22,204,350
68$38,122,616$3,306,075$1,063,797$24,317,495
69$41,928,951$3,385,900$1,017,262$26,642,611
70$46,120,943$3,467,048$966,579$29,201,255
71$50,737,848$3,549,503$911,529$32,017,178
72$55,822,924$3,633,244$851,881$35,116,557
73$61,423,837$3,718,247$787,393$38,528,239
74$67,593,112$3,804,485$717,815$42,284,012
75$74,388,631$3,891,927$642,883$46,418,907
76$81,874,176$3,980,535$562,324$50,971,528
77$90,120,029$4,070,269$475,849$55,984,417
78$99,203,642$4,161,082$383,160$61,504,457
79$109,210,362$4,252,924$283,945$67,583,311
80$120,234,238$4,345,736$177,876$74,277,914
81$132,378,909$4,439,455$64,613$81,651,010
82$145,758,580$4,534,011$0$89,771,741
83$160,499,104$4,629,326$0$98,725,309
84$176,739,165$4,725,316$0$108,598,302
85$194,631,591$4,821,888$0$119,472,966
86$214,344,794$4,918,940$0$131,451,344
87$236,064,357$5,016,363$0$144,645,882
88$259,994,792$5,114,035$0$159,180,498
89$286,361,465$5,211,828$0$175,191,745
90$315,412,727$5,309,599$0$192,830,102
91$347,422,252$5,407,196$0$212,261,396
92$382,691,627$5,504,455$0$233,668,366
93$421,553,197$5,601,197$0$257,252,389
94$464,373,198$5,697,230$0$283,235,382
95$511,555,218$5,792,349$0$311,861,893
96$563,544,007$5,886,331$0$343,401,416
97$620,829,673$5,978,938$0$378,150,927
98$683,952,308$6,069,914$0$416,437,698
99$753,507,090$6,158,986$0$458,622,378
100$830,149,895$6,245,859$0$505,102,402