Can I retire at age 30 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$98,269$97,394$96,540$95,706$94,892$93,052
2 years$48,648$47,742$46,864$46,013$45,187$43,341
3 years$32,110$31,200$30,324$29,481$28,668$26,874
4 years$23,842$22,935$22,068$21,239$20,447$18,717
5 years$18,883$17,982$17,126$16,314$15,543$13,883
6 years$15,578$14,683$13,840$13,046$12,299$10,711
7 years$13,218$12,331$11,501$10,726$10,002$8,486
8 years$11,449$10,570$9,754$8,998$8,298$6,854
9 years$10,074$9,203$8,401$7,664$6,988$5,615
10 years$8,975$8,112$7,324$6,607$5,954$4,651
11 years$8,076$7,222$6,448$5,750$5,121$3,885
12 years$7,327$6,482$5,723$5,043$4,437$3,268
13 years$6,694$5,858$5,113$4,452$3,870$2,765
14 years$6,152$5,324$4,594$3,952$3,392$2,350
15 years$5,682$4,864$4,148$3,525$2,987$2,004
16 years$5,272$4,463$3,760$3,156$2,640$1,715
17 years$4,910$4,110$3,422$2,836$2,340$1,472
18 years$4,589$3,798$3,124$2,556$2,081$1,266
19 years$4,302$3,520$2,860$2,309$1,855$1,091
20 years$4,044$3,271$2,624$2,091$1,657$941
21 years$3,811$3,046$2,414$1,898$1,483$813
22 years$3,600$2,844$2,225$1,726$1,329$704
23 years$3,407$2,660$2,054$1,572$1,193$610
24 years$3,230$2,492$1,900$1,433$1,072$528
25 years$3,068$2,339$1,760$1,309$965$458
26 years$2,919$2,198$1,632$1,197$869$398
27 years$2,780$2,069$1,515$1,096$784$346
28 years$2,652$1,949$1,409$1,004$707$300
29 years$2,533$1,839$1,311$921$638$261
30 years$2,422$1,737$1,221$845$577$227
31 years$2,319$1,642$1,138$776$522$198
32 years$2,222$1,553$1,062$713$472$172
33 years$2,131$1,471$992$656$427$150
34 years$2,046$1,394$927$603$387$130
35 years$1,966$1,322$866$555$350$113
36 years$1,890$1,255$810$512$317$99
37 years$1,819$1,192$759$471$288$86
38 years$1,751$1,133$710$434$261$75
39 years$1,687$1,077$666$401$236$65
40 years$1,627$1,025$624$369$214$57
41 years$1,570$976$585$341$195$50
42 years$1,515$929$549$315$176$43
43 years$1,463$885$515$290$160$38
44 years$1,414$844$483$268$145$33
45 years$1,367$805$454$248$132$29
46 years$1,322$768$426$229$120$25
47 years$1,279$733$400$211$109$22
48 years$1,238$699$376$195$99$19
49 years$1,199$668$354$180$90$17
50 years$1,162$638$333$167$82$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,190,000, adding $3,233 every year, while hoping to spend $25,724 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: 60/28/12 Blend
29$1,190,000$1,190,000$1,190,000$1,190,000
30$1,314,715$1,251,645$1,233,200$1,389,601
31$1,421,446$1,285,605$1,247,142$1,474,299
32$1,538,201$1,320,368$1,260,689$1,563,456
33$1,665,976$1,355,944$1,273,800$1,660,087
34$1,805,866$1,392,346$1,286,434$1,764,913
35$1,959,079$1,429,586$1,298,544$1,878,733
36$2,126,944$1,467,675$1,310,084$2,002,421
37$2,310,925$1,506,623$1,321,004$2,136,942
38$2,512,632$1,546,441$1,331,251$2,283,359
39$2,733,843$1,587,139$1,340,770$2,442,843
40$2,976,513$1,628,726$1,349,503$2,616,681
41$3,242,795$1,671,211$1,357,389$2,806,294
42$3,535,062$1,714,602$1,364,364$3,013,243
43$3,855,927$1,758,907$1,370,359$3,239,252
44$4,208,270$1,804,132$1,375,305$3,486,217
45$4,595,262$1,850,283$1,379,126$3,756,227
46$5,020,396$1,897,364$1,381,744$4,051,584
47$5,487,520$1,945,379$1,383,076$4,374,823
48$6,000,876$1,994,331$1,383,038$4,728,739
49$6,565,132$2,044,220$1,381,537$5,116,408
50$7,185,437$2,095,048$1,378,479$5,541,222
51$7,867,458$2,146,812$1,373,765$6,006,916
52$8,617,442$2,199,509$1,367,289$6,517,608
53$9,442,271$2,253,135$1,358,943$7,077,831
54$10,349,527$2,307,682$1,348,612$7,692,584
55$11,347,563$2,363,143$1,336,175$8,367,372
56$12,445,584$2,419,507$1,321,507$9,108,262
57$13,653,731$2,476,761$1,304,475$9,921,941
58$14,983,178$2,534,889$1,284,941$10,815,775
59$16,446,237$2,593,873$1,262,762$11,797,881
60$18,056,474$2,653,693$1,237,784$12,877,204
61$19,828,835$2,714,325$1,209,851$14,063,601
62$21,779,791$2,775,741$1,178,796$15,367,934
63$23,927,490$2,837,913$1,144,445$16,802,171
64$26,291,928$2,900,804$1,106,618$18,379,502
65$28,895,139$2,964,378$1,065,125$20,114,462
66$31,761,403$3,028,593$1,019,766$22,023,067
67$34,917,473$3,093,401$970,335$24,122,967
68$38,392,829$3,158,752$916,616$26,433,613
69$42,219,956$3,224,588$858,380$28,976,438
70$46,434,647$3,290,849$795,392$31,775,064
71$51,076,348$3,357,467$727,404$34,855,519
72$56,188,520$3,424,368$654,157$38,246,489
73$61,819,060$3,491,472$575,382$41,979,585
74$68,020,742$3,558,693$490,796$46,089,642
75$74,851,725$3,625,936$400,104$50,615,049
76$82,376,093$3,693,099$303,000$55,598,112
77$90,664,466$3,760,073$199,162$61,085,452
78$99,794,663$3,826,737$88,254$67,128,447
79$109,852,435$3,892,964$0$73,783,716
80$120,932,280$3,958,616$0$81,117,509
81$133,138,328$4,023,544$0$89,207,041
82$146,585,329$4,087,588$0$98,116,825
83$161,399,730$4,150,578$0$107,930,420
84$177,720,876$4,212,329$0$118,739,904
85$195,702,317$4,272,645$0$130,646,747
86$215,513,263$4,331,315$0$143,762,770
87$237,340,179$4,388,112$0$158,211,195
88$261,388,544$4,442,797$0$174,127,816
89$287,884,792$4,495,110$0$191,662,273
90$317,078,447$4,544,777$0$210,979,471
91$349,244,482$4,591,504$0$232,261,136
92$384,685,910$4,634,978$0$255,707,527
93$423,736,645$4,674,865$0$281,539,331
94$466,764,658$4,710,808$0$309,999,744
95$514,175,444$4,742,429$0$341,356,770
96$566,415,856$4,769,325$0$375,905,747
97$623,978,317$4,791,065$0$413,972,140
98$687,405,473$4,807,195$0$455,914,612
99$757,295,311$4,817,227$0$502,128,409
100$834,306,809$4,820,648$0$553,049,096