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

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$95,792$94,938$94,106$93,293$92,500$89,503
2 years$47,422$46,538$45,683$44,853$44,048$41,057
3 years$31,300$30,413$29,560$28,738$27,946$25,054
4 years$23,241$22,357$21,512$20,704$19,931$17,161
5 years$18,407$17,528$16,694$15,902$15,151$12,511
6 years$15,185$14,313$13,491$12,717$11,989$9,479
7 years$12,885$12,020$11,211$10,456$9,750$7,372
8 years$11,161$10,303$9,508$8,771$8,089$5,840
9 years$9,820$8,971$8,189$7,471$6,812$4,690
10 years$8,748$7,908$7,140$6,440$5,804$3,805
11 years$7,872$7,040$6,286$5,605$4,992$3,113
12 years$7,142$6,318$5,578$4,916$4,326$2,562
13 years$6,525$5,710$4,984$4,340$3,772$2,120
14 years$5,997$5,190$4,478$3,853$3,307$1,761
15 years$5,539$4,741$4,043$3,436$2,911$1,468
16 years$5,139$4,350$3,666$3,077$2,573$1,227
17 years$4,787$4,006$3,336$2,764$2,281$1,028
18 years$4,474$3,702$3,045$2,491$2,029$863
19 years$4,194$3,431$2,788$2,251$1,808$725
20 years$3,942$3,188$2,558$2,039$1,615$610
21 years$3,715$2,970$2,353$1,850$1,445$514
22 years$3,509$2,772$2,169$1,682$1,295$434
23 years$3,321$2,593$2,002$1,532$1,163$366
24 years$3,149$2,429$1,852$1,397$1,045$309
25 years$2,991$2,280$1,715$1,276$941$261
26 years$2,845$2,143$1,591$1,167$847$221
27 years$2,710$2,016$1,477$1,068$764$187
28 years$2,585$1,900$1,373$979$689$158
29 years$2,469$1,792$1,278$897$622$134
30 years$2,361$1,693$1,190$824$562$113
31 years$2,260$1,600$1,110$756$508$96
32 years$2,166$1,514$1,035$695$460$81
33 years$2,077$1,434$967$639$416$69
34 years$1,994$1,359$903$588$377$58
35 years$1,916$1,289$844$541$341$49
36 years$1,842$1,223$790$499$309$42
37 years$1,773$1,162$739$459$280$35
38 years$1,707$1,104$692$423$254$30
39 years$1,645$1,050$649$390$230$25
40 years$1,586$999$608$360$209$21
41 years$1,530$951$570$332$190$18
42 years$1,477$906$535$307$172$15
43 years$1,426$863$502$283$156$13
44 years$1,378$823$471$261$142$11
45 years$1,332$784$442$241$129$9
46 years$1,289$748$415$223$117$8
47 years$1,247$714$390$206$106$7
48 years$1,207$682$367$190$96$6
49 years$1,169$651$345$176$87$5
50 years$1,133$622$324$163$79$4

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 $2,873 every year, while hoping to spend $35,364 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: 49/39/12 Blend
29$1,160,000$1,160,000$1,160,000$1,160,000
30$1,281,283$1,219,803$1,201,823$1,339,735
31$1,374,347$1,241,947$1,204,458$1,402,341
32$1,475,719$1,263,990$1,205,995$1,466,374
33$1,586,207$1,285,891$1,206,361$1,535,131
34$1,706,704$1,307,603$1,205,478$1,609,062
35$1,838,191$1,329,079$1,203,264$1,688,669
36$1,981,748$1,350,265$1,199,635$1,774,503
37$2,138,564$1,371,106$1,194,500$1,867,170
38$2,309,947$1,391,540$1,187,766$1,967,343
39$2,497,339$1,411,502$1,179,333$2,075,759
40$2,702,325$1,430,924$1,169,099$2,193,235
41$2,926,654$1,449,730$1,156,955$2,320,670
42$3,172,247$1,467,842$1,142,788$2,459,057
43$3,441,224$1,485,174$1,126,479$2,609,489
44$3,735,917$1,501,636$1,107,904$2,773,174
45$4,058,895$1,517,130$1,086,933$2,951,443
46$4,412,987$1,531,554$1,063,430$3,145,766
47$4,801,309$1,544,797$1,037,252$3,357,761
48$5,227,293$1,556,743$1,008,251$3,589,217
49$5,694,719$1,567,266$976,269$3,842,103
50$6,207,751$1,576,233$941,145$4,118,594
51$6,770,977$1,583,503$902,708$4,421,088
52$7,389,447$1,588,925$860,779$4,752,229
53$8,068,727$1,592,339$815,173$5,114,934
54$8,814,950$1,593,576$765,693$5,512,420
55$9,634,868$1,592,455$712,137$5,948,235
56$10,535,923$1,588,783$654,292$6,426,293
57$11,526,312$1,582,359$591,936$6,950,910
58$12,615,066$1,572,964$524,836$7,526,844
59$13,812,134$1,560,371$452,750$8,159,345
60$15,128,479$1,544,337$375,424$8,854,202
61$16,576,178$1,524,603$292,594$9,617,798
62$18,168,536$1,500,897$203,985$10,457,171
63$19,920,216$1,472,930$109,307$11,380,086
64$21,847,369$1,440,394$8,259$12,395,101
65$23,967,793$1,402,966$0$13,511,656
66$26,301,098$1,360,301$0$14,752,908
67$28,868,891$1,312,037$0$16,119,541
68$31,694,979$1,257,788$0$17,623,193
69$34,805,593$1,197,147$0$19,277,864
70$38,229,639$1,129,682$0$21,098,984
71$41,998,965$1,054,939$0$23,103,564
72$46,148,664$972,435$0$25,310,357
73$50,717,405$881,662$0$27,740,034
74$55,747,797$782,080$0$30,415,383
75$61,286,791$673,121$0$33,361,524
76$67,386,124$554,184$0$36,606,147
77$74,102,803$424,634$0$40,179,775
78$81,499,647$283,799$0$44,116,055
79$89,645,877$130,971$0$48,452,074
80$98,617,771$0$0$53,228,714
81$108,499,381$0$0$58,505,886
82$119,383,326$0$0$64,380,429
83$131,371,670$0$0$70,851,243
84$144,576,878$0$0$77,979,056
85$159,122,886$0$0$85,830,788
86$175,146,259$0$0$94,480,179
87$192,797,491$0$0$104,008,489
88$212,242,418$0$0$114,505,264
89$233,663,784$0$0$126,069,179
90$257,262,967$0$0$138,808,972
91$283,261,880$0$0$152,844,466
92$311,905,061$0$0$168,307,706
93$343,461,987$0$0$185,344,199
94$378,229,612$0$0$204,114,291
95$416,535,171$0$0$224,794,680
96$458,739,270$0$0$247,580,081
97$505,239,289$0$0$272,685,068
98$556,473,132$0$0$300,346,096
99$612,923,359$0$0$330,823,734
100$675,121,742$0$0$364,405,125