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%11%
1 years$110,656$109,670$108,709$107,770$106,853$106,403
2 years$54,780$53,760$52,771$51,813$50,883$50,428
3 years$36,157$35,133$34,146$33,197$32,282$31,837
4 years$26,848$25,826$24,850$23,916$23,024$22,592
5 years$21,263$20,248$19,285$18,370$17,502$17,085
6 years$17,542$16,534$15,585$14,691$13,849$13,447
7 years$14,885$13,885$12,951$12,078$11,263$10,876
8 years$12,893$11,902$10,983$10,132$9,344$8,972
9 years$11,344$10,363$9,460$8,630$7,869$7,512
10 years$10,106$9,135$8,248$7,439$6,705$6,363
11 years$9,093$8,132$7,261$6,474$5,766$5,439
12 years$8,250$7,299$6,444$5,679$4,997$4,685
13 years$7,538$6,596$5,757$5,014$4,357$4,059
14 years$6,927$5,996$5,173$4,451$3,820$3,536
15 years$6,399$5,477$4,670$3,969$3,363$3,093
16 years$5,937$5,025$4,234$3,554$2,972$2,715
17 years$5,529$4,628$3,853$3,193$2,635$2,391
18 years$5,168$4,276$3,517$2,878$2,343$2,111
19 years$4,845$3,963$3,220$2,600$2,089$1,869
20 years$4,554$3,683$2,955$2,355$1,866$1,657
21 years$4,292$3,430$2,718$2,137$1,670$1,472
22 years$4,053$3,202$2,505$1,943$1,496$1,310
23 years$3,836$2,995$2,313$1,770$1,343$1,167
24 years$3,637$2,806$2,139$1,614$1,207$1,041
25 years$3,455$2,633$1,981$1,474$1,086$930
26 years$3,286$2,475$1,838$1,348$979$831
27 years$3,131$2,329$1,706$1,234$882$744
28 years$2,987$2,195$1,586$1,130$796$666
29 years$2,853$2,071$1,476$1,037$719$596
30 years$2,728$1,955$1,375$951$650$535
31 years$2,611$1,849$1,282$874$587$479
32 years$2,502$1,749$1,196$803$531$430
33 years$2,400$1,656$1,117$738$481$386
34 years$2,304$1,570$1,043$679$435$347
35 years$2,213$1,489$976$625$394$311
36 years$2,128$1,413$913$576$357$280
37 years$2,048$1,342$854$531$324$252
38 years$1,972$1,276$800$489$294$226
39 years$1,900$1,213$749$451$266$203
40 years$1,832$1,154$702$416$241$183
41 years$1,767$1,099$659$384$219$165
42 years$1,706$1,046$618$354$199$148
43 years$1,648$997$580$327$180$133
44 years$1,592$950$544$302$164$120
45 years$1,539$906$511$279$149$108
46 years$1,489$864$480$258$135$97
47 years$1,441$825$451$238$123$87
48 years$1,394$788$424$220$111$79
49 years$1,350$752$398$203$101$71
50 years$1,308$718$374$188$92$64

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 $4,875 every year, while hoping to spend $45,082 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: 49/36/15 Blend
29$1,340,000$1,340,000$1,340,000$1,340,000
30$1,481,709$1,410,689$1,389,919$1,547,932
31$1,584,876$1,431,845$1,388,514$1,615,262
32$1,697,055$1,452,528$1,385,551$1,683,298
33$1,819,119$1,472,665$1,380,931$1,756,211
34$1,952,025$1,492,182$1,374,548$1,834,476
35$2,096,829$1,510,997$1,366,293$1,918,613
36$2,254,693$1,529,023$1,356,051$2,009,200
37$2,426,894$1,546,167$1,343,701$2,106,873
38$2,614,840$1,562,332$1,329,118$2,212,336
39$2,820,079$1,577,412$1,312,169$2,326,365
40$3,044,316$1,591,294$1,292,716$2,449,816
41$3,289,428$1,603,859$1,270,613$2,583,635
42$3,557,481$1,614,979$1,245,710$2,728,867
43$3,850,750$1,624,519$1,217,847$2,886,664
44$4,171,740$1,632,334$1,186,859$3,058,298
45$4,523,209$1,638,271$1,152,571$3,245,176
46$4,908,197$1,642,166$1,114,802$3,448,847
47$5,330,047$1,643,847$1,073,362$3,671,022
48$5,792,444$1,643,127$1,028,051$3,913,592
49$6,299,445$1,639,813$978,663$4,178,640
50$6,855,520$1,633,695$924,980$4,468,469
51$7,465,591$1,624,554$866,775$4,785,618
52$8,135,080$1,612,156$803,810$5,132,889
53$8,869,959$1,596,252$735,838$5,513,376
54$9,676,805$1,576,579$662,600$5,930,491
55$10,562,867$1,552,859$583,825$6,388,001
56$11,536,126$1,524,796$499,229$6,890,061
57$12,605,377$1,492,077$408,520$7,441,255
58$13,780,307$1,454,370$311,387$8,046,642
59$15,071,590$1,411,326$207,509$8,711,803
60$16,490,982$1,362,571$96,551$9,442,895
61$18,051,439$1,307,713$0$10,246,710
62$19,767,230$1,246,336$0$11,134,240
63$21,654,081$1,178,000$0$12,126,970
64$23,729,314$1,102,238$0$13,218,608
65$26,012,017$1,018,560$0$14,419,275
66$28,523,217$926,445$0$15,740,129
67$31,286,087$825,342$0$17,193,475
68$34,326,154$714,670$0$18,792,876
69$37,671,548$593,815$0$20,553,290
70$41,353,262$462,129$0$22,491,208
71$45,405,447$318,925$0$24,624,809
72$49,865,730$163,480$0$26,974,140
73$54,775,573$0$0$29,561,300
74$60,180,662$0$0$32,412,621
75$66,131,336$0$0$35,623,228
76$72,683,065$0$0$39,158,310
77$79,896,969$0$0$43,050,868
78$87,840,399$0$0$47,337,267
79$96,587,568$0$0$52,057,577
80$106,220,253$0$0$57,255,954
81$116,828,565$0$0$62,981,053
82$128,511,801$0$0$69,286,490
83$141,379,379$0$0$76,231,345
84$155,551,871$0$0$83,880,720
85$171,162,138$0$0$92,306,355
86$188,356,588$0$0$101,587,304
87$207,296,552$0$0$111,810,680
88$228,159,813$0$0$123,072,475
89$251,142,274$0$0$135,478,473
90$276,459,817$0$0$149,145,240
91$304,350,332$0$0$164,201,228
92$335,075,965$0$0$180,787,987
93$368,925,592$0$0$199,061,499
94$406,217,546$0$0$219,193,653
95$447,302,617$0$0$241,373,866
96$492,567,369$0$0$265,810,867
97$542,437,781$0$0$292,734,674
98$597,383,275$0$0$322,398,759
99$657,921,139$0$0$355,082,443
100$724,621,416$0$0$391,093,532