Can I retire at age 30 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$97,443$96,575$95,728$94,902$94,095$91,523
2 years$48,239$47,341$46,470$45,626$44,807$42,235
3 years$31,840$30,938$30,069$29,233$28,427$25,935
4 years$23,642$22,743$21,883$21,061$20,275$17,882
5 years$18,725$17,830$16,982$16,177$15,413$13,125
6 years$15,447$14,560$13,724$12,937$12,195$10,016
7 years$13,107$12,227$11,405$10,636$9,918$7,847
8 years$11,353$10,481$9,672$8,922$8,228$6,264
9 years$9,989$9,126$8,331$7,600$6,929$5,070
10 years$8,899$8,044$7,263$6,551$5,904$4,148
11 years$8,008$7,161$6,394$5,701$5,078$3,421
12 years$7,265$6,427$5,675$5,001$4,400$2,841
13 years$6,638$5,808$5,070$4,415$3,837$2,371
14 years$6,100$5,280$4,555$3,919$3,364$1,988
15 years$5,635$4,823$4,113$3,495$2,962$1,672
16 years$5,228$4,425$3,729$3,130$2,617$1,411
17 years$4,869$4,075$3,393$2,812$2,321$1,193
18 years$4,551$3,766$3,097$2,534$2,064$1,011
19 years$4,266$3,490$2,836$2,290$1,839$858
20 years$4,010$3,243$2,602$2,074$1,643$730
21 years$3,779$3,021$2,394$1,882$1,470$621
22 years$3,569$2,820$2,206$1,711$1,318$529
23 years$3,378$2,637$2,037$1,558$1,183$451
24 years$3,203$2,471$1,884$1,421$1,063$385
25 years$3,042$2,319$1,745$1,298$957$329
26 years$2,894$2,179$1,618$1,187$862$281
27 years$2,757$2,051$1,503$1,086$777$240
28 years$2,630$1,933$1,397$995$701$205
29 years$2,512$1,823$1,300$913$633$175
30 years$2,402$1,722$1,211$838$572$150
31 years$2,299$1,628$1,129$769$517$128
32 years$2,203$1,540$1,053$707$468$110
33 years$2,113$1,459$983$650$423$94
34 years$2,029$1,382$919$598$383$81
35 years$1,949$1,311$859$551$347$69
36 years$1,874$1,245$804$507$315$59
37 years$1,803$1,182$752$467$285$51
38 years$1,736$1,123$704$431$258$43
39 years$1,673$1,068$660$397$234$37
40 years$1,613$1,016$619$366$213$32
41 years$1,556$967$580$338$193$27
42 years$1,502$921$544$312$175$23
43 years$1,451$878$511$288$159$20
44 years$1,402$837$479$266$144$17
45 years$1,355$798$450$246$131$15
46 years$1,311$761$423$227$119$13
47 years$1,269$726$397$210$108$11
48 years$1,228$693$373$194$98$9
49 years$1,189$662$351$179$89$8
50 years$1,152$633$330$165$81$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,180,000, adding $2,395 every year, while hoping to spend $57,610 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: 67/8/25 Blend
29$1,180,000$1,180,000$1,180,000$1,180,000
30$1,302,830$1,240,290$1,222,000$1,381,552
31$1,374,423$1,239,768$1,201,641$1,434,249
32$1,451,386$1,237,289$1,178,668$1,485,087
33$1,534,209$1,232,697$1,152,935$1,539,364
34$1,623,424$1,225,826$1,124,284$1,597,422
35$1,719,621$1,216,499$1,092,555$1,659,638
36$1,823,444$1,204,529$1,057,578$1,726,429
37$1,935,602$1,189,718$1,019,173$1,798,256
38$2,056,874$1,171,855$977,157$1,875,629
39$2,188,117$1,150,718$931,333$1,959,111
40$2,330,273$1,126,070$881,500$2,049,325
41$2,484,376$1,097,663$827,446$2,146,961
42$2,651,564$1,065,230$768,947$2,252,779
43$2,833,090$1,028,493$705,773$2,367,620
44$3,030,330$987,153$637,681$2,492,413
45$3,244,798$940,899$564,418$2,628,186
46$3,478,162$889,397$485,721$2,776,073
47$3,732,254$832,298$401,312$2,937,327
48$4,009,093$769,229$310,905$3,113,331
49$4,310,897$699,798$214,197$3,305,616
50$4,640,111$623,591$110,875$3,515,869
51$4,999,425$540,169$612$3,745,955
52$5,391,798$449,069$0$3,997,933
53$5,820,490$349,801$0$4,305,301
54$6,289,088$241,850$0$4,641,547
55$6,801,543$124,668$0$5,009,379
56$7,362,203$0$0$5,411,958
57$7,975,859$0$0$5,852,973
58$8,647,783$0$0$6,347,949
59$9,383,782$0$0$6,890,200
60$10,190,252$0$0$7,484,444
61$11,074,235$0$0$8,135,883
62$12,043,489$0$0$8,850,241
63$13,106,557$0$0$9,633,825
64$14,272,848$0$0$10,493,581
65$15,552,728$0$0$11,437,162
66$16,957,614$0$0$12,472,995
67$18,500,080$0$0$13,610,364
68$20,193,982$0$0$14,859,496
69$22,054,578$0$0$16,231,657
70$24,098,681$0$0$17,739,258
71$26,344,810$0$0$19,395,971
72$28,813,368$0$0$21,216,860
73$31,526,832$0$0$23,218,517
74$34,509,967$0$0$25,419,227
75$37,790,055$0$0$27,839,130
76$41,397,154$0$0$30,500,417
77$45,364,381$0$0$33,427,540
78$49,728,224$0$0$36,647,436
79$54,528,885$0$0$40,189,785
80$59,810,656$0$0$44,087,290
81$65,622,343$0$0$48,375,981
82$72,017,719$0$0$53,095,561
83$79,056,032$0$0$58,289,772
84$86,802,568$0$0$64,006,814
85$95,329,258$0$0$70,299,797
86$104,715,366$0$0$77,227,239
87$115,048,226$0$0$84,853,621
88$126,424,072$0$0$93,249,994
89$138,948,944$0$0$102,494,648
90$152,739,685$0$0$112,673,852
91$167,925,048$0$0$123,882,663
92$184,646,903$0$0$136,225,830
93$203,061,584$0$0$149,818,775
94$223,341,354$0$0$164,788,684
95$245,676,036$0$0$181,275,708
96$270,274,802$0$0$199,434,284
97$297,368,147$0$0$219,434,591
98$327,210,060$0$0$241,464,157
99$360,080,425$0$0$265,729,626
100$396,287,657$0$0$292,458,712