Can I retire at age 30 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$110,656$109,670$108,709$107,770$106,853$103,975
2 years$54,780$53,760$52,771$51,813$50,883$48,003
3 years$36,157$35,133$34,146$33,197$32,282$29,492
4 years$26,848$25,826$24,850$23,916$23,024$20,344
5 years$21,263$20,248$19,285$18,370$17,502$14,941
6 years$17,542$16,534$15,585$14,691$13,849$11,408
7 years$14,885$13,885$12,951$12,078$11,263$8,942
8 years$12,893$11,902$10,983$10,132$9,344$7,142
9 years$11,344$10,363$9,460$8,630$7,869$5,785
10 years$10,106$9,135$8,248$7,439$6,705$4,735
11 years$9,093$8,132$7,261$6,474$5,766$3,908
12 years$8,250$7,299$6,444$5,679$4,997$3,247
13 years$7,538$6,596$5,757$5,014$4,357$2,712
14 years$6,927$5,996$5,173$4,451$3,820$2,275
15 years$6,399$5,477$4,670$3,969$3,363$1,915
16 years$5,937$5,025$4,234$3,554$2,972$1,617
17 years$5,529$4,628$3,853$3,193$2,635$1,369
18 years$5,168$4,276$3,517$2,878$2,343$1,161
19 years$4,845$3,963$3,220$2,600$2,089$986
20 years$4,554$3,683$2,955$2,355$1,866$839
21 years$4,292$3,430$2,718$2,137$1,670$714
22 years$4,053$3,202$2,505$1,943$1,496$609
23 years$3,836$2,995$2,313$1,770$1,343$520
24 years$3,637$2,806$2,139$1,614$1,207$444
25 years$3,455$2,633$1,981$1,474$1,086$379
26 years$3,286$2,475$1,838$1,348$979$324
27 years$3,131$2,329$1,706$1,234$882$277
28 years$2,987$2,195$1,586$1,130$796$237
29 years$2,853$2,071$1,476$1,037$719$203
30 years$2,728$1,955$1,375$951$650$174
31 years$2,611$1,849$1,282$874$587$149
32 years$2,502$1,749$1,196$803$531$128
33 years$2,400$1,656$1,117$738$481$109
34 years$2,304$1,570$1,043$679$435$94
35 years$2,213$1,489$976$625$394$80
36 years$2,128$1,413$913$576$357$69
37 years$2,048$1,342$854$531$324$59
38 years$1,972$1,276$800$489$294$51
39 years$1,900$1,213$749$451$266$43
40 years$1,832$1,154$702$416$241$37
41 years$1,767$1,099$659$384$219$32
42 years$1,706$1,046$618$354$199$27
43 years$1,648$997$580$327$180$23
44 years$1,592$950$544$302$164$20
45 years$1,539$906$511$279$149$17
46 years$1,489$864$480$258$135$15
47 years$1,441$825$451$238$123$13
48 years$1,394$788$424$220$111$11
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,340,000, adding $2,021 every year, while hoping to spend $27,654 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: 29/46/25 Blend
29$1,340,000$1,340,000$1,340,000$1,340,000
30$1,478,765$1,407,745$1,386,975$1,510,110
31$1,600,175$1,447,301$1,404,015$1,574,307
32$1,733,042$1,487,868$1,420,699$1,640,710
33$1,878,506$1,529,467$1,436,986$1,711,537
34$2,037,821$1,572,118$1,452,832$1,787,186
35$2,212,369$1,615,842$1,468,192$1,868,096
36$2,403,671$1,660,659$1,483,017$1,954,753
37$2,613,404$1,706,590$1,497,257$2,047,687
38$2,843,414$1,753,655$1,510,857$2,147,486
39$3,095,733$1,801,874$1,523,761$2,254,794
40$3,372,600$1,851,269$1,535,910$2,370,321
41$3,676,483$1,901,858$1,547,240$2,494,849
42$4,010,097$1,953,663$1,557,686$2,629,238
43$4,376,437$2,006,702$1,567,179$2,774,438
44$4,778,799$2,060,996$1,575,644$2,931,493
45$5,220,815$2,116,563$1,583,007$3,101,551
46$5,706,485$2,173,422$1,589,185$3,285,881
47$6,240,218$2,231,591$1,594,094$3,485,878
48$6,826,869$2,291,088$1,597,645$3,703,080
49$7,471,788$2,351,930$1,599,745$3,939,179
50$8,180,870$2,414,133$1,600,295$4,196,043
51$8,960,607$2,477,714$1,599,193$4,475,728
52$9,818,153$2,542,687$1,596,331$4,780,500
53$10,761,392$2,609,066$1,591,595$5,112,854
54$11,799,008$2,676,863$1,584,867$5,475,543
55$12,940,568$2,746,091$1,576,022$5,871,597
56$14,196,617$2,816,761$1,564,929$6,304,358
57$15,578,770$2,888,880$1,551,453$6,777,507
58$17,099,827$2,962,458$1,535,449$7,295,101
59$18,773,891$3,037,500$1,516,768$7,861,612
60$20,616,500$3,114,009$1,495,252$8,481,966
61$22,644,777$3,191,990$1,470,737$9,161,596
62$24,877,588$3,271,441$1,443,050$9,906,485
63$27,335,722$3,352,362$1,412,012$10,723,230
64$30,042,085$3,434,747$1,377,434$11,619,100
65$33,021,918$3,518,590$1,339,118$12,602,109
66$36,303,033$3,603,880$1,296,859$13,681,086
67$39,916,078$3,690,606$1,250,439$14,865,764
68$43,894,823$3,778,750$1,199,633$16,166,868
69$48,276,479$3,868,294$1,144,205$17,596,222
70$53,102,053$3,959,213$1,083,909$19,166,854
71$58,416,729$4,051,480$1,018,486$20,893,125
72$64,270,296$4,145,064$947,667$22,790,862
73$70,717,623$4,239,928$871,170$24,877,510
74$77,819,166$4,336,031$788,700$27,172,293
75$85,641,550$4,433,326$699,951$29,696,401
76$94,258,190$4,531,760$604,600$32,473,188
77$103,749,984$4,631,275$502,314$35,528,394
78$114,206,082$4,731,807$392,740$38,890,387
79$125,724,719$4,833,283$275,514$42,590,432
80$138,414,151$4,935,624$150,254$46,662,988
81$152,393,668$5,038,744$16,562$51,146,035
82$167,794,727$5,142,546$0$56,081,430
83$184,762,185$5,246,927$0$61,548,944
84$203,455,675$5,351,774$0$67,572,682
85$224,051,105$5,456,962$0$74,204,378
86$246,742,322$5,562,357$0$81,505,915
87$271,742,940$5,667,814$0$89,545,490
88$299,288,357$5,773,174$0$98,398,254
89$329,637,978$5,878,268$0$108,147,023
90$363,077,660$5,982,911$0$118,883,062
91$399,922,412$6,086,904$0$130,706,946
92$440,519,370$6,190,034$0$143,729,507
93$485,251,071$6,292,072$0$158,072,885
94$534,539,065$6,392,768$0$173,871,678
95$588,847,895$6,491,859$0$191,274,215
96$648,689,480$6,589,060$0$210,443,957
97$714,627,949$6,684,065$0$231,561,040
98$787,284,963$6,776,548$0$254,823,975
99$867,345,589$6,866,159$0$280,451,526
100$955,564,763$6,952,524$0$308,684,773