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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$97,443$96,575$95,728$94,902$94,095$91,010
2 years$48,239$47,341$46,470$45,626$44,807$41,729
3 years$31,840$30,938$30,069$29,233$28,427$25,452
4 years$23,642$22,743$21,883$21,061$20,275$17,425
5 years$18,725$17,830$16,982$16,177$15,413$12,696
6 years$15,447$14,560$13,724$12,937$12,195$9,615
7 years$13,107$12,227$11,405$10,636$9,918$7,473
8 years$11,353$10,481$9,672$8,922$8,228$5,916
9 years$9,989$9,126$8,331$7,600$6,929$4,748
10 years$8,899$8,044$7,263$6,551$5,904$3,850
11 years$8,008$7,161$6,394$5,701$5,078$3,147
12 years$7,265$6,427$5,675$5,001$4,400$2,589
13 years$6,638$5,808$5,070$4,415$3,837$2,141
14 years$6,100$5,280$4,555$3,919$3,364$1,777
15 years$5,635$4,823$4,113$3,495$2,962$1,480
16 years$5,228$4,425$3,729$3,130$2,617$1,237
17 years$4,869$4,075$3,393$2,812$2,321$1,035
18 years$4,551$3,766$3,097$2,534$2,064$868
19 years$4,266$3,490$2,836$2,290$1,839$729
20 years$4,010$3,243$2,602$2,074$1,643$613
21 years$3,779$3,021$2,394$1,882$1,470$516
22 years$3,569$2,820$2,206$1,711$1,318$435
23 years$3,378$2,637$2,037$1,558$1,183$367
24 years$3,203$2,471$1,884$1,421$1,063$310
25 years$3,042$2,319$1,745$1,298$957$261
26 years$2,894$2,179$1,618$1,187$862$221
27 years$2,757$2,051$1,503$1,086$777$187
28 years$2,630$1,933$1,397$995$701$158
29 years$2,512$1,823$1,300$913$633$133
30 years$2,402$1,722$1,211$838$572$113
31 years$2,299$1,628$1,129$769$517$95
32 years$2,203$1,540$1,053$707$468$81
33 years$2,113$1,459$983$650$423$68
34 years$2,029$1,382$919$598$383$58
35 years$1,949$1,311$859$551$347$49
36 years$1,874$1,245$804$507$315$41
37 years$1,803$1,182$752$467$285$35
38 years$1,736$1,123$704$431$258$30
39 years$1,673$1,068$660$397$234$25
40 years$1,613$1,016$619$366$213$21
41 years$1,556$967$580$338$193$18
42 years$1,502$921$544$312$175$15
43 years$1,451$878$511$288$159$13
44 years$1,402$837$479$266$144$11
45 years$1,355$798$450$246$131$9
46 years$1,311$761$423$227$119$8
47 years$1,269$726$397$210$108$7
48 years$1,228$693$373$194$98$6
49 years$1,189$662$351$179$89$5
50 years$1,152$633$330$165$81$4

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 $6,416 every year, while hoping to spend $21,455 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: 46/43/11 Blend
29$1,180,000$1,180,000$1,180,000$1,180,000
30$1,306,978$1,244,438$1,226,148$1,362,782
31$1,417,462$1,282,588$1,244,396$1,440,182
32$1,538,496$1,321,887$1,262,536$1,521,377
33$1,671,134$1,362,371$1,280,543$1,608,975
34$1,816,536$1,404,073$1,298,387$1,703,576
35$1,975,979$1,447,030$1,316,040$1,805,841
36$2,150,872$1,491,277$1,333,470$1,916,497
37$2,342,764$1,536,853$1,350,644$2,036,341
38$2,553,363$1,583,796$1,367,528$2,166,254
39$2,784,550$1,632,146$1,384,084$2,307,202
40$3,038,396$1,681,943$1,400,273$2,460,250
41$3,317,184$1,733,229$1,416,053$2,626,570
42$3,623,427$1,786,048$1,431,382$2,807,449
43$3,959,896$1,840,444$1,446,213$3,004,306
44$4,329,642$1,896,462$1,460,497$3,218,704
45$4,736,025$1,954,149$1,474,183$3,452,362
46$5,182,750$2,013,552$1,487,219$3,707,172
47$5,673,895$2,074,721$1,499,545$3,985,218
48$6,213,956$2,137,706$1,511,104$4,288,796
49$6,807,885$2,202,559$1,521,831$4,620,430
50$7,461,138$2,269,333$1,531,661$4,982,905
51$8,179,727$2,338,083$1,540,525$5,379,283
52$8,970,274$2,408,865$1,548,348$5,812,940
53$9,840,079$2,481,735$1,555,054$6,287,592
54$10,797,180$2,556,754$1,560,561$6,807,333
55$11,850,439$2,633,981$1,564,786$7,376,671
56$13,009,616$2,713,478$1,567,639$8,000,573
57$14,285,468$2,795,310$1,569,026$8,684,509
58$15,689,846$2,879,540$1,568,849$9,434,506
59$17,235,809$2,966,237$1,567,004$10,257,201
60$18,937,747$3,055,468$1,563,385$11,159,908
61$20,811,515$3,147,304$1,557,876$12,150,684
62$22,874,585$3,241,817$1,550,359$13,238,403
63$25,146,206$3,339,080$1,540,710$14,432,843
64$27,647,593$3,439,169$1,528,798$15,744,778
65$30,402,121$3,542,161$1,514,486$17,186,076
66$33,435,546$3,648,135$1,497,630$18,769,814
67$36,776,251$3,757,174$1,478,080$20,510,398
68$40,455,512$3,869,359$1,455,679$22,423,704
69$44,507,793$3,984,776$1,430,263$24,527,219
70$48,971,069$4,103,511$1,401,658$26,840,217
71$53,887,189$4,225,654$1,369,685$29,383,929
72$59,302,267$4,351,296$1,334,154$32,181,753
73$65,267,119$4,480,530$1,294,868$35,259,467
74$71,837,739$4,613,450$1,251,621$38,645,475
75$79,075,835$4,750,156$1,204,197$42,371,079
76$87,049,402$4,890,745$1,152,369$46,470,764
77$95,833,369$5,035,319$1,095,901$50,982,535
78$105,510,306$5,183,984$1,034,547$55,948,265
79$116,171,202$5,336,843$968,049$61,414,098
80$127,916,322$5,494,006$896,137$67,430,879
81$140,856,158$5,655,584$818,529$74,054,637
82$155,112,467$5,821,688$734,930$81,347,109
83$170,819,423$5,992,435$645,034$89,376,328
84$188,124,880$6,167,941$548,519$98,217,262
85$207,191,774$6,348,325$445,050$107,952,522
86$228,199,652$6,533,711$334,277$118,673,139
87$251,346,375$6,724,221$215,834$130,479,428
88$276,849,980$6,919,983$89,339$143,481,930
89$304,950,740$7,121,124$0$157,802,457
90$335,913,433$7,327,777$0$173,580,601
91$370,029,839$7,540,074$0$190,970,461
92$407,621,495$7,758,150$0$210,124,597
93$449,042,731$7,982,143$0$231,222,686
94$494,684,015$8,212,192$0$254,462,728
95$544,975,635$8,448,441$0$280,062,907
96$600,391,767$8,691,032$0$308,263,659
97$661,454,946$8,940,111$0$339,329,931
98$728,741,001$9,195,826$0$373,553,689
99$802,884,489$9,458,328$0$411,256,671
100$884,584,688$9,727,767$0$452,793,423