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%15.5%
1 years$96,618$95,757$94,917$94,098$93,297$91,190
2 years$47,830$46,940$46,076$45,239$44,427$42,316
3 years$31,570$30,676$29,814$28,985$28,187$26,136
4 years$23,442$22,550$21,697$20,882$20,103$18,130
5 years$18,566$17,679$16,838$16,040$15,282$13,392
6 years$15,316$14,436$13,608$12,827$12,092$10,287
7 years$12,996$12,124$11,308$10,546$9,834$8,114
8 years$11,257$10,392$9,590$8,847$8,158$6,522
9 years$9,905$9,048$8,260$7,535$6,870$5,318
10 years$8,824$7,976$7,201$6,496$5,854$4,383
11 years$7,940$7,100$6,340$5,653$5,035$3,643
12 years$7,204$6,373$5,626$4,958$4,363$3,049
13 years$6,581$5,759$5,027$4,378$3,805$2,565
14 years$6,048$5,235$4,517$3,886$3,335$2,168
15 years$5,587$4,782$4,078$3,466$2,936$1,839
16 years$5,184$4,388$3,697$3,103$2,595$1,565
17 years$4,828$4,041$3,364$2,788$2,301$1,335
18 years$4,512$3,734$3,071$2,513$2,046$1,142
19 years$4,230$3,461$2,812$2,270$1,824$978
20 years$3,976$3,216$2,580$2,056$1,629$839
21 years$3,747$2,995$2,373$1,866$1,458$721
22 years$3,539$2,796$2,187$1,697$1,307$620
23 years$3,350$2,615$2,020$1,545$1,173$533
24 years$3,176$2,450$1,868$1,409$1,054$459
25 years$3,016$2,299$1,730$1,287$949$396
26 years$2,869$2,161$1,605$1,177$855$342
27 years$2,734$2,034$1,490$1,077$770$295
28 years$2,608$1,916$1,385$987$695$255
29 years$2,491$1,808$1,289$905$628$220
30 years$2,382$1,707$1,201$831$567$190
31 years$2,280$1,614$1,119$763$513$164
32 years$2,185$1,527$1,044$701$464$142
33 years$2,095$1,446$975$645$420$123
34 years$2,011$1,371$911$593$380$106
35 years$1,933$1,300$852$546$344$92
36 years$1,858$1,234$797$503$312$79
37 years$1,788$1,172$746$463$283$69
38 years$1,722$1,114$698$427$256$59
39 years$1,659$1,059$654$394$232$51
40 years$1,600$1,008$613$363$211$45
41 years$1,543$959$575$335$191$39
42 years$1,490$914$539$309$174$33
43 years$1,439$870$506$286$157$29
44 years$1,390$830$475$264$143$25
45 years$1,344$791$446$243$130$22
46 years$1,300$755$419$225$118$19
47 years$1,258$720$394$208$107$16
48 years$1,218$688$370$192$97$14
49 years$1,179$657$348$177$88$12
50 years$1,142$627$327$164$80$11

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 $4,923 every year, while hoping to spend $32,586 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: 61/20/19 Blend
29$1,170,000$1,170,000$1,170,000$1,170,000
30$1,294,418$1,232,408$1,214,273$1,366,736
31$1,391,777$1,258,125$1,220,280$1,441,873
32$1,497,975$1,284,010$1,225,396$1,519,782
33$1,613,879$1,310,036$1,229,557$1,604,061
34$1,740,443$1,336,176$1,232,695$1,695,331
35$1,878,717$1,362,398$1,234,740$1,794,279
36$2,029,859$1,388,668$1,235,616$1,901,660
37$2,195,143$1,414,951$1,235,247$2,018,308
38$2,375,969$1,441,205$1,233,550$2,145,142
39$2,573,883$1,467,390$1,230,439$2,283,172
40$2,790,585$1,493,457$1,225,824$2,433,516
41$3,027,946$1,519,358$1,219,611$2,597,402
42$3,288,029$1,545,039$1,211,701$2,776,186
43$3,573,104$1,570,443$1,201,989$2,971,363
44$3,885,673$1,595,506$1,190,367$3,184,578
45$4,228,489$1,620,163$1,176,722$3,417,647
46$4,604,586$1,644,342$1,160,933$3,672,572
47$5,017,306$1,667,967$1,142,877$3,951,557
48$5,470,329$1,690,956$1,122,421$4,257,036
49$5,967,711$1,713,221$1,099,430$4,591,687
50$6,513,916$1,734,668$1,073,760$4,958,466
51$7,113,866$1,755,197$1,045,262$5,360,630
52$7,772,980$1,774,701$1,013,778$5,801,768
53$8,497,229$1,793,067$979,145$6,285,839
54$9,293,191$1,810,171$941,190$6,817,206
55$10,168,112$1,825,885$899,735$7,400,676
56$11,129,976$1,840,070$854,593$8,041,552
57$12,187,578$1,852,578$805,567$8,745,677
58$13,350,610$1,863,253$752,452$9,519,492
59$14,629,748$1,871,928$695,035$10,370,097
60$16,036,755$1,878,426$633,092$11,305,319
61$17,584,592$1,882,557$566,388$12,333,785
62$19,287,540$1,884,121$494,682$13,465,005
63$21,161,332$1,882,906$417,716$14,709,461
64$23,223,304$1,878,685$335,226$16,078,707
65$25,492,558$1,871,217$246,933$17,585,479
66$27,990,141$1,860,249$152,547$19,243,814
67$30,739,243$1,845,510$51,766$21,069,187
68$33,765,419$1,826,712$0$23,078,653
69$37,096,824$1,803,553$0$25,302,320
70$40,764,483$1,775,710$0$27,761,533
71$44,802,582$1,742,842$0$30,468,697
72$49,248,792$1,704,588$0$33,449,057
73$54,144,619$1,660,563$0$36,730,434
74$59,535,804$1,610,364$0$40,343,490
75$65,472,745$1,553,561$0$44,322,014
76$72,010,978$1,489,699$0$48,703,243
77$79,211,702$1,418,299$0$53,528,214
78$87,142,352$1,338,851$0$58,842,150
79$95,877,236$1,250,819$0$64,694,891
80$105,498,239$1,153,634$0$71,141,361
81$116,095,592$1,046,694$0$78,242,089
82$127,768,725$929,366$0$86,063,780
83$140,627,207$800,977$0$94,679,946
84$154,791,776$660,818$0$104,171,601
85$170,395,479$508,140$0$114,628,023
86$187,584,930$342,151$0$126,147,604
87$206,521,693$162,016$0$138,838,773
88$227,383,803$0$0$152,821,023
89$250,367,450$0$0$168,233,337
90$275,688,830$0$0$185,252,712
91$303,586,184$0$0$204,003,640
92$334,322,046$0$0$224,662,600
93$368,185,724$0$0$247,424,067
94$405,496,026$0$0$272,502,349
95$446,604,272$0$0$300,133,609
96$491,897,610$0$0$330,578,091
97$541,802,670$0$0$364,122,583
98$596,789,588$0$0$401,083,117
99$657,376,448$0$0$441,807,956
100$724,134,168$0$0$486,680,881