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%15.9%
1 years$96,618$95,757$94,917$94,098$93,297$91,042
2 years$47,830$46,940$46,076$45,239$44,427$42,169
3 years$31,570$30,676$29,814$28,985$28,187$25,995
4 years$23,442$22,550$21,697$20,882$20,103$17,996
5 years$18,566$17,679$16,838$16,040$15,282$13,265
6 years$15,316$14,436$13,608$12,827$12,092$10,167
7 years$12,996$12,124$11,308$10,546$9,834$8,001
8 years$11,257$10,392$9,590$8,847$8,158$6,417
9 years$9,905$9,048$8,260$7,535$6,870$5,219
10 years$8,824$7,976$7,201$6,496$5,854$4,291
11 years$7,940$7,100$6,340$5,653$5,035$3,558
12 years$7,204$6,373$5,626$4,958$4,363$2,969
13 years$6,581$5,759$5,027$4,378$3,805$2,492
14 years$6,048$5,235$4,517$3,886$3,335$2,100
15 years$5,587$4,782$4,078$3,466$2,936$1,777
16 years$5,184$4,388$3,697$3,103$2,595$1,508
17 years$4,828$4,041$3,364$2,788$2,301$1,283
18 years$4,512$3,734$3,071$2,513$2,046$1,093
19 years$4,230$3,461$2,812$2,270$1,824$934
20 years$3,976$3,216$2,580$2,056$1,629$799
21 years$3,747$2,995$2,373$1,866$1,458$684
22 years$3,539$2,796$2,187$1,697$1,307$586
23 years$3,350$2,615$2,020$1,545$1,173$503
24 years$3,176$2,450$1,868$1,409$1,054$432
25 years$3,016$2,299$1,730$1,287$949$371
26 years$2,869$2,161$1,605$1,177$855$319
27 years$2,734$2,034$1,490$1,077$770$275
28 years$2,608$1,916$1,385$987$695$236
29 years$2,491$1,808$1,289$905$628$203
30 years$2,382$1,707$1,201$831$567$175
31 years$2,280$1,614$1,119$763$513$151
32 years$2,185$1,527$1,044$701$464$130
33 years$2,095$1,446$975$645$420$112
34 years$2,011$1,371$911$593$380$97
35 years$1,933$1,300$852$546$344$83
36 years$1,858$1,234$797$503$312$72
37 years$1,788$1,172$746$463$283$62
38 years$1,722$1,114$698$427$256$53
39 years$1,659$1,059$654$394$232$46
40 years$1,600$1,008$613$363$211$40
41 years$1,543$959$575$335$191$34
42 years$1,490$914$539$309$174$30
43 years$1,439$870$506$286$157$25
44 years$1,390$830$475$264$143$22
45 years$1,344$791$446$243$130$19
46 years$1,300$755$419$225$118$16
47 years$1,258$720$394$208$107$14
48 years$1,218$688$370$192$97$12
49 years$1,179$657$348$177$88$10
50 years$1,142$627$327$164$80$9

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 $4,040 every year, while hoping to spend $32,987 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: 60/10/30 Blend
29$1,170,000$1,170,000$1,170,000$1,170,000
30$1,293,507$1,231,497$1,213,362$1,360,337
31$1,390,347$1,256,743$1,218,912$1,431,726
32$1,495,959$1,282,120$1,223,542$1,505,739
33$1,611,203$1,307,600$1,227,187$1,585,828
34$1,737,025$1,333,152$1,229,777$1,672,595
35$1,874,468$1,358,743$1,231,241$1,766,703
36$2,024,679$1,384,336$1,231,503$1,868,883
37$2,188,920$1,409,892$1,230,482$1,979,942
38$2,368,582$1,435,369$1,228,095$2,100,768
39$2,565,195$1,460,720$1,224,254$2,232,342
40$2,780,447$1,485,897$1,218,868$2,375,745
41$3,016,192$1,510,846$1,211,840$2,532,170
42$3,274,476$1,535,509$1,203,069$2,702,930
43$3,557,550$1,559,826$1,192,449$2,889,474
44$3,867,893$1,583,731$1,179,870$3,093,403
45$4,208,237$1,607,153$1,165,214$3,316,477
46$4,581,589$1,630,015$1,148,360$3,560,640
47$4,991,262$1,652,237$1,129,182$3,828,035
48$5,440,906$1,673,732$1,107,545$4,121,024
49$5,934,541$1,694,407$1,083,310$4,442,213
50$6,476,595$1,714,163$1,056,331$4,794,473
51$7,071,944$1,732,894$1,026,455$5,180,972
52$7,725,964$1,750,488$993,523$5,605,202
53$8,444,573$1,766,822$957,366$6,071,011
54$9,234,293$1,781,770$917,812$6,582,644
55$10,102,309$1,795,194$874,676$7,144,782
56$11,056,534$1,806,949$827,767$7,762,582
57$12,105,690$1,816,879$776,887$8,441,733
58$13,259,383$1,824,819$721,826$9,188,505
59$14,528,199$1,830,594$662,366$10,009,810
60$15,923,800$1,834,017$598,279$10,913,271
61$17,459,034$1,834,890$529,328$11,907,288
62$19,148,059$1,833,003$455,264$13,001,123
63$21,006,472$1,828,132$375,827$14,204,986
64$23,051,461$1,820,039$290,746$15,530,132
65$25,301,963$1,808,474$199,738$16,988,967
66$27,778,841$1,793,168$102,508$18,595,170
67$30,505,089$1,773,838$0$20,363,815
68$33,506,036$1,750,185$0$22,311,923
69$36,809,597$1,721,889$0$24,492,455
70$40,446,529$1,688,615$0$26,892,863
71$44,450,722$1,650,004$0$29,535,518
72$48,859,520$1,605,678$0$32,445,072
73$53,714,073$1,555,238$0$35,648,688
74$59,059,722$1,498,259$0$39,176,303
75$64,946,432$1,434,292$0$43,060,905
76$71,429,260$1,362,864$0$47,338,845
77$78,568,872$1,283,471$0$52,050,184
78$86,432,120$1,195,584$0$57,239,068
79$95,092,669$1,098,642$0$62,954,143
80$104,631,696$992,049$0$69,249,020
81$115,138,650$875,181$0$76,182,776
82$126,712,101$747,373$0$83,820,516
83$139,460,667$607,926$0$92,233,982
84$153,504,040$456,100$0$101,502,236
85$168,974,117$291,113$0$111,712,406
86$186,016,240$112,141$0$122,960,504
87$204,790,573$0$0$135,352,336
88$225,473,610$0$0$149,013,493
89$248,259,839$0$0$164,077,553
90$273,363,584$0$0$180,673,886
91$301,021,019$0$0$198,958,648
92$331,492,405$0$0$219,103,920
93$365,064,541$0$0$241,299,332
94$402,053,472$0$0$265,753,851
95$442,807,472$0$0$292,697,753
96$487,710,334$0$0$322,384,799
97$537,184,987$0$0$355,094,627
98$591,697,493$0$0$391,135,396
99$651,761,444$0$0$430,846,688
100$717,942,807$0$0$474,602,719