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

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$110,656$109,670$108,709$107,770$106,853$105,606
2 years$54,780$53,760$52,771$51,813$50,883$49,627
3 years$36,157$35,133$34,146$33,197$32,282$31,057
4 years$26,848$25,826$24,850$23,916$23,024$21,839
5 years$21,263$20,248$19,285$18,370$17,502$16,361
6 years$17,542$16,534$15,585$14,691$13,849$12,753
7 years$14,885$13,885$12,951$12,078$11,263$10,213
8 years$12,893$11,902$10,983$10,132$9,344$8,339
9 years$11,344$10,363$9,460$8,630$7,869$6,909
10 years$10,106$9,135$8,248$7,439$6,705$5,789
11 years$9,093$8,132$7,261$6,474$5,766$4,894
12 years$8,250$7,299$6,444$5,679$4,997$4,168
13 years$7,538$6,596$5,757$5,014$4,357$3,570
14 years$6,927$5,996$5,173$4,451$3,820$3,073
15 years$6,399$5,477$4,670$3,969$3,363$2,656
16 years$5,937$5,025$4,234$3,554$2,972$2,303
17 years$5,529$4,628$3,853$3,193$2,635$2,003
18 years$5,168$4,276$3,517$2,878$2,343$1,746
19 years$4,845$3,963$3,220$2,600$2,089$1,526
20 years$4,554$3,683$2,955$2,355$1,866$1,335
21 years$4,292$3,430$2,718$2,137$1,670$1,171
22 years$4,053$3,202$2,505$1,943$1,496$1,028
23 years$3,836$2,995$2,313$1,770$1,343$903
24 years$3,637$2,806$2,139$1,614$1,207$795
25 years$3,455$2,633$1,981$1,474$1,086$700
26 years$3,286$2,475$1,838$1,348$979$617
27 years$3,131$2,329$1,706$1,234$882$544
28 years$2,987$2,195$1,586$1,130$796$480
29 years$2,853$2,071$1,476$1,037$719$424
30 years$2,728$1,955$1,375$951$650$375
31 years$2,611$1,849$1,282$874$587$331
32 years$2,502$1,749$1,196$803$531$293
33 years$2,400$1,656$1,117$738$481$259
34 years$2,304$1,570$1,043$679$435$229
35 years$2,213$1,489$976$625$394$203
36 years$2,128$1,413$913$576$357$179
37 years$2,048$1,342$854$531$324$159
38 years$1,972$1,276$800$489$294$140
39 years$1,900$1,213$749$451$266$124
40 years$1,832$1,154$702$416$241$110
41 years$1,767$1,099$659$384$219$98
42 years$1,706$1,046$618$354$199$86
43 years$1,648$997$580$327$180$77
44 years$1,592$950$544$302$164$68
45 years$1,539$906$511$279$149$60
46 years$1,489$864$480$258$135$53
47 years$1,441$825$451$238$123$47
48 years$1,394$788$424$220$111$42
49 years$1,350$752$398$203$101$37
50 years$1,308$718$374$188$92$33

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 $5,154 every year, while hoping to spend $54,360 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: 73/22/5 Blend
29$1,340,000$1,340,000$1,340,000$1,340,000
30$1,481,996$1,410,976$1,390,206$1,589,209
31$1,575,321$1,422,276$1,378,940$1,671,800
32$1,676,344$1,432,307$1,365,474$1,754,845
33$1,785,791$1,440,950$1,349,677$1,844,233
34$1,904,463$1,448,078$1,331,413$1,940,570
35$2,033,240$1,453,556$1,310,537$2,044,525
36$2,173,091$1,457,240$1,286,900$2,156,837
37$2,325,078$1,458,976$1,260,343$2,278,318
38$2,490,373$1,458,604$1,230,702$2,409,865
39$2,670,265$1,455,949$1,197,804$2,552,465
40$2,866,171$1,450,829$1,161,470$2,707,207
41$3,079,651$1,443,050$1,121,509$2,875,292
42$3,312,421$1,432,406$1,077,726$3,058,043
43$3,566,371$1,418,677$1,029,913$3,256,919
44$3,843,581$1,401,632$977,855$3,473,529
45$4,146,339$1,381,025$921,326$3,709,647
46$4,477,166$1,356,596$860,091$3,967,226
47$4,838,837$1,328,069$793,904$4,248,424
48$5,234,405$1,295,151$722,506$4,555,617
49$5,667,235$1,257,534$645,631$4,891,426
50$6,141,029$1,214,889$562,996$5,258,739
51$6,659,866$1,166,871$474,308$5,660,744
52$7,228,237$1,113,111$379,261$6,100,951
53$7,851,086$1,053,224$277,536$6,583,235
54$8,533,862$986,797$168,799$7,111,866
55$9,282,563$913,397$52,701$7,691,550
56$10,103,797$832,565$0$8,327,480
57$11,004,840$743,817$0$9,029,177
58$11,993,709$646,639$0$9,802,399
59$13,079,233$540,490$0$10,651,311
60$14,271,139$424,798$0$11,583,606
61$15,580,141$298,959$0$12,607,762
62$17,018,041$162,334$0$13,733,128
63$18,597,842$14,249$0$14,970,007
64$20,333,868$0$0$16,329,760
65$22,241,898$0$0$17,860,253
66$24,339,317$0$0$19,546,520
67$26,645,279$0$0$21,400,519
68$29,180,885$0$0$23,439,225
69$31,969,382$0$0$25,681,337
70$35,036,386$0$0$28,147,461
71$38,410,117$0$0$30,860,298
72$42,121,669$0$0$33,844,862
73$46,205,302$0$0$37,128,711
74$50,698,763$0$0$40,742,209
75$55,643,643$0$0$44,718,816
76$61,085,769$0$0$49,095,395
77$67,075,637$0$0$53,912,565
78$73,668,883$0$0$59,215,084
79$80,926,814$0$0$65,052,268
80$88,916,980$0$0$71,478,459
81$97,713,815$0$0$78,553,533
82$107,399,338$0$0$86,343,469
83$118,063,923$0$0$94,920,968
84$129,807,157$0$0$104,366,143
85$142,738,773$0$0$114,767,267
86$156,979,689$0$0$126,221,613
87$172,663,148$0$0$138,836,367
88$189,935,973$0$0$152,729,641
89$208,959,953$0$0$168,031,585
90$229,913,371$0$0$184,885,618
91$252,992,681$0$0$203,449,780
92$278,414,368$0$0$223,898,220
93$306,416,984$0$0$246,422,842
94$337,263,404$0$0$271,235,116
95$371,243,304$0$0$298,568,072
96$408,675,892$0$0$328,678,499
97$449,912,927$0$0$361,849,370
98$495,342,030$0$0$398,392,507
99$545,390,348$0$0$438,651,531
100$600,528,583$0$0$483,005,100