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

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$96,618$95,757$94,917$94,098$93,297$90,023
2 years$47,830$46,940$46,076$45,239$44,427$41,163
3 years$31,570$30,676$29,814$28,985$28,187$25,034
4 years$23,442$22,550$21,697$20,882$20,103$17,087
5 years$18,566$17,679$16,838$16,040$15,282$12,411
6 years$15,316$14,436$13,608$12,827$12,092$9,368
7 years$12,996$12,124$11,308$10,546$9,834$7,256
8 years$11,257$10,392$9,590$8,847$8,158$5,724
9 years$9,905$9,048$8,260$7,535$6,870$4,577
10 years$8,824$7,976$7,201$6,496$5,854$3,698
11 years$7,940$7,100$6,340$5,653$5,035$3,011
12 years$7,204$6,373$5,626$4,958$4,363$2,467
13 years$6,581$5,759$5,027$4,378$3,805$2,031
14 years$6,048$5,235$4,517$3,886$3,335$1,680
15 years$5,587$4,782$4,078$3,466$2,936$1,393
16 years$5,184$4,388$3,697$3,103$2,595$1,158
17 years$4,828$4,041$3,364$2,788$2,301$966
18 years$4,512$3,734$3,071$2,513$2,046$806
19 years$4,230$3,461$2,812$2,270$1,824$674
20 years$3,976$3,216$2,580$2,056$1,629$564
21 years$3,747$2,995$2,373$1,866$1,458$473
22 years$3,539$2,796$2,187$1,697$1,307$397
23 years$3,350$2,615$2,020$1,545$1,173$333
24 years$3,176$2,450$1,868$1,409$1,054$280
25 years$3,016$2,299$1,730$1,287$949$235
26 years$2,869$2,161$1,605$1,177$855$197
27 years$2,734$2,034$1,490$1,077$770$166
28 years$2,608$1,916$1,385$987$695$140
29 years$2,491$1,808$1,289$905$628$118
30 years$2,382$1,707$1,201$831$567$99
31 years$2,280$1,614$1,119$763$513$83
32 years$2,185$1,527$1,044$701$464$70
33 years$2,095$1,446$975$645$420$59
34 years$2,011$1,371$911$593$380$50
35 years$1,933$1,300$852$546$344$42
36 years$1,858$1,234$797$503$312$35
37 years$1,788$1,172$746$463$283$30
38 years$1,722$1,114$698$427$256$25
39 years$1,659$1,059$654$394$232$21
40 years$1,600$1,008$613$363$211$18
41 years$1,543$959$575$335$191$15
42 years$1,490$914$539$309$174$13
43 years$1,439$870$506$286$157$11
44 years$1,390$830$475$264$143$9
45 years$1,344$791$446$243$130$8
46 years$1,300$755$419$225$118$6
47 years$1,258$720$394$208$107$5
48 years$1,218$688$370$192$97$4
49 years$1,179$657$348$177$88$4
50 years$1,142$627$327$164$80$3

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 $5,749 every year, while hoping to spend $25,005 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: 41/45/14 Blend
29$1,170,000$1,170,000$1,170,000$1,170,000
30$1,295,270$1,233,260$1,215,125$1,342,799
31$1,400,783$1,267,085$1,229,227$1,410,710
32$1,516,219$1,301,729$1,242,963$1,481,265
33$1,642,566$1,337,206$1,256,294$1,557,086
34$1,780,908$1,373,529$1,269,181$1,638,664
35$1,932,442$1,410,713$1,281,579$1,726,540
36$2,098,483$1,448,770$1,293,444$1,821,307
37$2,280,482$1,487,714$1,304,728$1,923,621
38$2,480,035$1,527,556$1,315,380$2,034,201
39$2,698,901$1,568,309$1,325,348$2,153,840
40$2,939,018$1,609,984$1,334,576$2,283,411
41$3,202,518$1,652,594$1,343,005$2,423,876
42$3,491,753$1,696,150$1,350,574$2,576,292
43$3,809,311$1,740,660$1,357,218$2,741,824
44$4,158,044$1,786,136$1,362,868$2,921,756
45$4,541,094$1,832,586$1,367,453$3,117,502
46$4,961,921$1,880,018$1,370,898$3,330,617
47$5,424,338$1,928,439$1,373,124$3,562,817
48$5,932,544$1,977,857$1,374,048$3,815,991
49$6,491,168$2,028,277$1,373,583$4,092,219
50$7,105,307$2,079,702$1,371,638$4,393,794
51$7,780,578$2,132,136$1,368,116$4,723,240
52$8,523,168$2,185,582$1,362,919$5,083,341
53$9,339,894$2,240,039$1,355,940$5,477,161
54$10,238,268$2,295,506$1,347,070$5,908,078
55$11,226,567$2,351,981$1,336,191$6,379,813
56$12,313,907$2,409,458$1,323,185$6,896,467
57$13,510,337$2,467,933$1,307,922$7,462,557
58$14,826,926$2,527,396$1,290,272$8,083,062
59$16,275,870$2,587,836$1,270,094$8,763,468
60$17,870,609$2,649,241$1,247,243$9,509,820
61$19,625,952$2,711,594$1,221,566$10,328,779
62$21,558,215$2,774,878$1,192,904$11,227,686
63$23,685,376$2,839,071$1,161,090$12,214,629
64$26,027,248$2,904,148$1,125,949$13,298,524
65$28,605,658$2,970,082$1,087,299$14,489,193
66$31,444,660$3,036,841$1,044,949$15,797,461
67$34,570,758$3,104,390$998,698$17,235,260
68$38,013,160$3,172,689$948,339$18,815,735
69$41,804,046$3,241,694$893,652$20,553,376
70$45,978,879$3,311,358$834,409$22,464,148
71$50,576,736$3,381,625$770,373$24,565,649
72$55,640,677$3,452,439$701,295$26,877,270
73$61,218,150$3,523,733$626,913$29,420,381
74$67,361,443$3,595,438$546,956$32,218,534
75$74,128,172$3,667,475$461,140$35,297,685
76$81,581,827$3,739,763$369,170$38,686,436
77$89,792,370$3,812,209$270,734$42,416,311
78$98,836,899$3,884,714$165,511$46,522,051
79$108,800,370$3,957,172$53,162$51,041,941
80$119,776,401$4,029,466$0$56,018,175
81$131,868,156$4,101,473$0$61,507,221
82$145,189,319$4,173,056$0$67,559,479
83$159,865,166$4,244,072$0$74,223,533
84$176,033,744$4,314,363$0$81,561,680
85$193,847,181$4,383,761$0$89,642,577
86$213,473,115$4,452,088$0$98,541,879
87$235,096,281$4,519,148$0$108,342,962
88$258,920,249$4,584,734$0$119,137,706
89$285,169,354$4,648,625$0$131,027,362
90$314,090,803$4,710,583$0$144,123,513
91$345,957,016$4,770,353$0$158,549,122
92$381,068,196$4,827,663$0$174,439,698
93$419,755,157$4,882,225$0$191,944,574
94$462,382,456$4,933,727$0$211,228,315
95$509,351,826$4,981,839$0$232,472,277
96$561,105,972$5,026,209$0$255,876,316
97$618,132,749$5,066,461$0$281,660,676
98$680,969,768$5,102,195$0$310,068,073
99$750,209,468$5,132,987$0$341,365,979
100$826,504,712$5,158,381$0$375,849,158