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%17.7%
1 years$97,443$96,575$95,728$94,902$94,095$91,156
2 years$48,239$47,341$46,470$45,626$44,807$41,872
3 years$31,840$30,938$30,069$29,233$28,427$25,589
4 years$23,642$22,743$21,883$21,061$20,275$17,554
5 years$18,725$17,830$16,982$16,177$15,413$12,817
6 years$15,447$14,560$13,724$12,937$12,195$9,728
7 years$13,107$12,227$11,405$10,636$9,918$7,578
8 years$11,353$10,481$9,672$8,922$8,228$6,013
9 years$9,989$9,126$8,331$7,600$6,929$4,838
10 years$8,899$8,044$7,263$6,551$5,904$3,933
11 years$8,008$7,161$6,394$5,701$5,078$3,223
12 years$7,265$6,427$5,675$5,001$4,400$2,659
13 years$6,638$5,808$5,070$4,415$3,837$2,204
14 years$6,100$5,280$4,555$3,919$3,364$1,835
15 years$5,635$4,823$4,113$3,495$2,962$1,533
16 years$5,228$4,425$3,729$3,130$2,617$1,284
17 years$4,869$4,075$3,393$2,812$2,321$1,078
18 years$4,551$3,766$3,097$2,534$2,064$907
19 years$4,266$3,490$2,836$2,290$1,839$764
20 years$4,010$3,243$2,602$2,074$1,643$645
21 years$3,779$3,021$2,394$1,882$1,470$544
22 years$3,569$2,820$2,206$1,711$1,318$460
23 years$3,378$2,637$2,037$1,558$1,183$389
24 years$3,203$2,471$1,884$1,421$1,063$330
25 years$3,042$2,319$1,745$1,298$957$279
26 years$2,894$2,179$1,618$1,187$862$237
27 years$2,757$2,051$1,503$1,086$777$201
28 years$2,630$1,933$1,397$995$701$170
29 years$2,512$1,823$1,300$913$633$144
30 years$2,402$1,722$1,211$838$572$122
31 years$2,299$1,628$1,129$769$517$104
32 years$2,203$1,540$1,053$707$468$88
33 years$2,113$1,459$983$650$423$75
34 years$2,029$1,382$919$598$383$64
35 years$1,949$1,311$859$551$347$54
36 years$1,874$1,245$804$507$315$46
37 years$1,803$1,182$752$467$285$39
38 years$1,736$1,123$704$431$258$33
39 years$1,673$1,068$660$397$234$28
40 years$1,613$1,016$619$366$213$24
41 years$1,556$967$580$338$193$20
42 years$1,502$921$544$312$175$17
43 years$1,451$878$511$288$159$15
44 years$1,402$837$479$266$144$12
45 years$1,355$798$450$246$131$11
46 years$1,311$761$423$227$119$9
47 years$1,269$726$397$210$108$8
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$5

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 $2,560 every year, while hoping to spend $58,187 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: 63/25/12 Blend
29$1,180,000$1,180,000$1,180,000$1,180,000
30$1,303,001$1,240,461$1,222,171$1,381,293
31$1,373,996$1,239,333$1,201,203$1,432,884
32$1,450,283$1,236,199$1,177,582$1,482,253
33$1,532,340$1,230,901$1,151,159$1,534,717
34$1,620,691$1,223,268$1,121,776$1,590,577
35$1,715,914$1,213,120$1,089,268$1,650,166
36$1,818,642$1,200,268$1,053,463$1,713,853
37$1,929,570$1,184,508$1,014,181$1,782,045
38$2,049,465$1,165,627$971,234$1,855,194
39$2,179,166$1,143,398$924,426$1,933,801
40$2,319,596$1,117,581$873,550$2,018,417
41$2,471,773$1,087,920$818,392$2,109,655
42$2,636,812$1,054,146$758,726$2,208,193
43$2,815,943$1,015,975$694,319$2,314,779
44$3,010,515$973,104$624,925$2,430,241
45$3,222,014$925,213$550,287$2,555,496
46$3,452,077$871,965$470,138$2,691,557
47$3,702,500$813,003$384,199$2,839,545
48$3,975,263$747,948$292,178$3,000,699
49$4,272,544$676,402$193,770$3,176,387
50$4,596,740$597,942$88,658$3,368,126
51$4,950,488$512,121$0$3,577,586
52$5,336,692$418,469$0$3,809,631
53$5,758,548$316,488$0$4,075,601
54$6,219,575$205,651$0$4,366,439
55$6,723,647$85,404$0$4,684,689
56$7,275,029$0$0$5,033,156
57$7,878,418$0$0$5,427,275
58$8,538,985$0$0$5,884,545
59$9,262,424$0$0$6,385,422
60$10,055,006$0$0$6,934,259
61$10,923,637$0$0$7,535,850
62$11,875,924$0$0$8,195,473
63$12,920,244$0$0$8,918,943
64$14,065,824$0$0$9,712,664
65$15,322,825$0$0$10,583,691
66$16,702,443$0$0$11,539,792
67$18,217,007$0$0$12,589,528
68$19,880,100$0$0$13,742,327
69$21,706,686$0$0$15,008,573
70$23,713,246$0$0$16,399,710
71$25,917,938$0$0$17,928,341
72$28,340,765$0$0$19,608,352
73$31,003,766$0$0$21,455,040
74$33,931,219$0$0$23,485,260
75$37,149,871$0$0$25,717,579
76$40,689,192$0$0$28,172,454
77$44,581,651$0$0$30,872,425
78$48,863,018$0$0$33,842,324
79$53,572,707$0$0$37,109,511
80$58,754,142$0$0$40,704,132
81$64,455,170$0$0$44,659,403
82$70,728,508$0$0$49,011,919
83$77,632,242$0$0$53,802,006
84$85,230,375$0$0$59,074,094
85$93,593,425$0$0$64,877,140
86$102,799,097$0$0$71,265,088
87$112,933,011$0$0$78,297,376
88$124,089,509$0$0$86,039,500
89$136,372,546$0$0$94,563,628
90$149,896,668$0$0$103,949,283
91$164,788,096$0$0$114,284,089
92$181,185,911$0$0$125,664,603
93$199,243,371$0$0$138,197,221
94$219,129,351$0$0$151,999,183
95$241,029,941$0$0$167,199,679
96$265,150,196$0$0$183,941,068
97$291,716,077$0$0$202,380,220
98$320,976,575$0$0$222,689,996
99$353,206,066$0$0$245,060,879
100$388,706,896$0$0$269,702,773