Can I retire at age 30 with 1,170,000?

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 $1,170,000?

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%
1 years$96,618$95,757$94,917$94,098$93,297$90,239
2 years$47,830$46,940$46,076$45,239$44,427$41,375
3 years$31,570$30,676$29,814$28,985$28,187$25,236
4 years$23,442$22,550$21,697$20,882$20,103$17,277
5 years$18,566$17,679$16,838$16,040$15,282$12,589
6 years$15,316$14,436$13,608$12,827$12,092$9,533
7 years$12,996$12,124$11,308$10,546$9,834$7,409
8 years$11,257$10,392$9,590$8,847$8,158$5,866
9 years$9,905$9,048$8,260$7,535$6,870$4,708
10 years$8,824$7,976$7,201$6,496$5,854$3,818
11 years$7,940$7,100$6,340$5,653$5,035$3,121
12 years$7,204$6,373$5,626$4,958$4,363$2,567
13 years$6,581$5,759$5,027$4,378$3,805$2,123
14 years$6,048$5,235$4,517$3,886$3,335$1,762
15 years$5,587$4,782$4,078$3,466$2,936$1,468
16 years$5,184$4,388$3,697$3,103$2,595$1,226
17 years$4,828$4,041$3,364$2,788$2,301$1,026
18 years$4,512$3,734$3,071$2,513$2,046$861
19 years$4,230$3,461$2,812$2,270$1,824$723
20 years$3,976$3,216$2,580$2,056$1,629$608
21 years$3,747$2,995$2,373$1,866$1,458$512
22 years$3,539$2,796$2,187$1,697$1,307$431
23 years$3,350$2,615$2,020$1,545$1,173$364
24 years$3,176$2,450$1,868$1,409$1,054$307
25 years$3,016$2,299$1,730$1,287$949$259
26 years$2,869$2,161$1,605$1,177$855$219
27 years$2,734$2,034$1,490$1,077$770$185
28 years$2,608$1,916$1,385$987$695$156
29 years$2,491$1,808$1,289$905$628$132
30 years$2,382$1,707$1,201$831$567$112
31 years$2,280$1,614$1,119$763$513$95
32 years$2,185$1,527$1,044$701$464$80
33 years$2,095$1,446$975$645$420$68
34 years$2,011$1,371$911$593$380$57
35 years$1,933$1,300$852$546$344$48
36 years$1,858$1,234$797$503$312$41
37 years$1,788$1,172$746$463$283$35
38 years$1,722$1,114$698$427$256$29
39 years$1,659$1,059$654$394$232$25
40 years$1,600$1,008$613$363$211$21
41 years$1,543$959$575$335$191$18
42 years$1,490$914$539$309$174$15
43 years$1,439$870$506$286$157$13
44 years$1,390$830$475$264$143$11
45 years$1,344$791$446$243$130$9
46 years$1,300$755$419$225$118$8
47 years$1,258$720$394$208$107$7
48 years$1,218$688$370$192$97$6
49 years$1,179$657$348$177$88$5
50 years$1,142$627$327$164$80$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,170,000, adding $4,769 every year, while hoping to spend $36,065 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: 77/15/8 Blend
29$1,170,000$1,170,000$1,170,000$1,170,000
30$1,294,259$1,232,249$1,214,114$1,392,072
31$1,387,901$1,254,257$1,216,414$1,479,018
32$1,489,885$1,276,133$1,217,582$1,569,202
33$1,601,025$1,297,836$1,217,543$1,667,031
34$1,722,215$1,319,315$1,216,216$1,773,249
35$1,854,440$1,340,520$1,213,518$1,888,678
36$1,998,783$1,361,396$1,209,362$2,014,222
37$2,156,438$1,381,884$1,203,654$2,150,875
38$2,328,717$1,401,919$1,196,299$2,299,735
39$2,517,068$1,421,434$1,187,197$2,462,008
40$2,723,081$1,440,356$1,176,240$2,639,027
41$2,948,509$1,458,608$1,163,318$2,832,257
42$3,195,283$1,476,106$1,148,315$3,043,314
43$3,465,527$1,492,760$1,131,109$3,273,975
44$3,761,583$1,508,478$1,111,573$3,526,204
45$4,086,027$1,523,156$1,089,574$3,802,159
46$4,441,699$1,536,687$1,064,971$4,104,221
47$4,831,724$1,548,957$1,037,620$4,435,013
48$5,259,547$1,559,843$1,007,367$4,797,425
49$5,728,960$1,569,214$974,053$5,194,642
50$6,244,140$1,576,932$937,510$5,630,173
51$6,809,690$1,582,849$897,564$6,107,886
52$7,430,678$1,586,809$854,033$6,632,042
53$8,112,689$1,588,644$806,724$7,207,338
54$8,861,874$1,588,178$755,440$7,838,950
55$9,685,008$1,585,222$699,970$8,532,579
56$10,589,558$1,579,577$640,098$9,294,513
57$11,583,747$1,571,030$575,596$10,131,677
58$12,676,636$1,559,358$506,225$11,051,704
59$13,878,207$1,544,320$431,738$12,063,008
60$15,199,458$1,525,666$351,875$13,174,859
61$16,652,505$1,503,126$266,365$14,397,475
62$18,250,699$1,476,417$174,926$15,742,114
63$20,008,746$1,445,238$77,263$17,221,187
64$21,942,854$1,409,270$0$18,848,369
65$24,070,876$1,368,175$0$20,641,032
66$26,412,487$1,321,598$0$22,620,675
67$28,989,364$1,269,159$0$24,799,027
68$31,825,390$1,210,459$0$27,196,295
69$34,946,883$1,145,075$0$29,834,741
70$38,382,841$1,072,559$0$32,738,901
71$42,165,214$992,438$0$35,935,812
72$46,329,210$904,212$0$39,455,272
73$50,913,623$807,351$0$43,330,114
74$55,961,199$701,298$0$47,596,523
75$61,519,041$585,461$0$52,294,374
76$67,639,052$459,218$0$57,467,612
77$74,378,424$321,907$0$63,164,661
78$81,800,177$172,835$0$69,438,888
79$89,973,756$11,265$0$76,349,105
80$98,975,684$0$0$83,960,121
81$108,890,285$0$0$92,370,360
82$119,810,475$0$0$101,635,715
83$131,838,646$0$0$111,841,209
84$145,087,627$0$0$123,082,581
85$159,681,749$0$0$135,465,330
86$175,758,021$0$0$149,105,712
87$193,467,417$0$0$164,131,835
88$212,976,306$0$0$180,684,869
89$234,468,022$0$0$198,920,377
90$258,144,589$0$0$219,009,785
91$284,228,632$0$0$241,141,997
92$312,965,476$0$0$265,525,182
93$344,625,462$0$0$292,388,732
94$379,506,498$0$0$321,985,434
95$417,936,871$0$0$354,593,851
96$460,278,344$0$0$390,520,952
97$506,929,573$0$0$430,105,012
98$558,329,867$0$0$473,718,799
99$614,963,335$0$0$521,773,100
100$677,363,457$0$0$574,720,591