Can I retire at age 30 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$113,133$112,126$111,142$110,183$109,246$104,870
2 years$56,007$54,964$53,953$52,972$52,022$47,668
3 years$36,967$35,919$34,911$33,940$33,005$28,810
4 years$27,449$26,404$25,406$24,452$23,539$19,536
5 years$21,740$20,701$19,716$18,781$17,894$14,092
6 years$17,935$16,904$15,934$15,020$14,159$10,561
7 years$15,218$14,196$13,241$12,348$11,515$8,119
8 years$13,181$12,169$11,229$10,359$9,553$6,356
9 years$11,598$10,595$9,672$8,823$8,045$5,042
10 years$10,332$9,339$8,432$7,606$6,855$4,040
11 years$9,297$8,314$7,424$6,619$5,895$3,262
12 years$8,435$7,462$6,588$5,806$5,109$2,650
13 years$7,706$6,744$5,886$5,126$4,455$2,162
14 years$7,082$6,130$5,289$4,550$3,905$1,772
15 years$6,542$5,600$4,775$4,058$3,438$1,456
16 years$6,070$5,138$4,329$3,633$3,039$1,199
17 years$5,653$4,732$3,939$3,265$2,694$990
18 years$5,284$4,372$3,596$2,942$2,396$819
19 years$4,953$4,052$3,292$2,658$2,135$678
20 years$4,656$3,765$3,021$2,408$1,907$562
21 years$4,388$3,507$2,779$2,185$1,707$466
22 years$4,144$3,274$2,561$1,987$1,530$387
23 years$3,922$3,062$2,365$1,809$1,373$321
24 years$3,719$2,869$2,187$1,650$1,234$267
25 years$3,532$2,692$2,026$1,507$1,111$222
26 years$3,360$2,530$1,879$1,378$1,001$185
27 years$3,201$2,381$1,745$1,261$902$154
28 years$3,053$2,244$1,622$1,156$814$128
29 years$2,916$2,117$1,509$1,060$735$107
30 years$2,789$1,999$1,406$973$664$89
31 years$2,670$1,890$1,311$893$600$74
32 years$2,558$1,788$1,223$821$543$62
33 years$2,453$1,693$1,142$755$492$51
34 years$2,355$1,605$1,067$695$445$43
35 years$2,263$1,522$997$639$403$36
36 years$2,176$1,445$933$589$365$30
37 years$2,094$1,372$873$543$331$25
38 years$2,016$1,304$818$500$300$21
39 years$1,943$1,240$766$461$272$17
40 years$1,873$1,180$718$425$247$14
41 years$1,807$1,123$673$392$224$12
42 years$1,744$1,070$632$362$203$10
43 years$1,685$1,019$593$334$184$8
44 years$1,628$972$556$309$167$7
45 years$1,574$926$522$285$152$6
46 years$1,522$884$491$263$138$5
47 years$1,473$843$461$243$125$4
48 years$1,426$805$433$225$114$3
49 years$1,381$769$407$208$103$3
50 years$1,338$734$383$192$94$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,370,000, adding $3,770 every year, while hoping to spend $41,819 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: 88/7/5 Blend
29$1,370,000$1,370,000$1,370,000$1,370,000
30$1,513,629$1,441,019$1,419,784$1,646,669
31$1,623,524$1,467,134$1,422,851$1,759,907
32$1,743,227$1,493,126$1,424,620$1,878,123
33$1,873,693$1,518,947$1,425,003$2,006,697
34$2,015,976$1,544,542$1,423,906$2,146,642
35$2,171,234$1,569,852$1,421,235$2,299,071
36$2,340,741$1,594,817$1,416,888$2,465,211
37$2,525,901$1,619,367$1,410,758$2,646,413
38$2,728,259$1,643,432$1,402,735$2,844,165
39$2,949,517$1,666,936$1,392,702$3,060,104
40$3,191,546$1,689,794$1,380,536$3,296,035
41$3,456,410$1,711,920$1,366,110$3,553,944
42$3,746,378$1,733,218$1,349,289$3,836,019
43$4,063,951$1,753,589$1,329,933$4,144,672
44$4,411,884$1,772,924$1,307,895$4,482,557
45$4,793,208$1,791,110$1,283,022$4,852,599
46$5,211,264$1,808,022$1,255,151$5,258,019
47$5,669,729$1,823,532$1,224,115$5,702,367
48$6,172,655$1,837,499$1,189,737$6,189,553
49$6,724,506$1,849,776$1,151,833$6,723,884
50$7,330,196$1,860,205$1,110,210$7,310,105
51$7,995,139$1,868,619$1,064,665$7,953,444
52$8,725,301$1,874,839$1,014,989$8,659,663
53$9,527,251$1,878,675$960,960$9,435,106
54$10,408,226$1,879,926$902,348$10,286,767
55$11,376,201$1,878,378$838,913$11,222,350
56$12,439,959$1,873,804$770,402$12,250,344
57$13,609,177$1,865,963$696,552$13,380,101
58$14,894,516$1,854,598$617,090$14,621,929
59$16,307,721$1,839,438$531,727$15,987,181
60$17,861,733$1,820,195$440,164$17,488,372
61$19,570,809$1,796,563$342,089$19,139,290
62$21,450,657$1,768,220$237,174$20,955,125
63$23,518,583$1,734,823$125,079$22,952,621
64$25,793,657$1,696,007$5,447$25,150,223
65$28,296,888$1,651,390$0$27,568,259
66$31,051,426$1,600,562$0$30,235,650
67$34,082,776$1,543,094$0$33,171,291
68$37,419,043$1,478,530$0$36,402,114
69$41,091,194$1,406,387$0$39,958,112
70$45,133,349$1,326,153$0$43,872,338
71$49,583,106$1,237,290$0$48,181,212
72$54,481,893$1,139,227$0$52,924,868
73$59,875,357$1,031,360$0$58,147,528
74$65,813,798$913,052$0$63,897,926
75$72,352,641$783,627$0$70,229,761
76$79,552,960$642,375$0$77,202,208
77$87,482,053$488,542$0$84,880,473
78$96,214,076$321,334$0$93,336,414
79$105,830,745$139,912$0$102,649,212
80$116,422,102$0$0$112,906,125
81$128,087,372$0$0$124,207,666
82$140,935,891$0$0$136,667,446
83$155,088,143$0$0$150,391,528
84$170,676,893$0$0$165,508,661
85$187,848,443$0$0$182,160,725
86$206,764,011$0$0$200,504,059
87$227,601,249$0$0$220,710,946
88$250,555,926$0$0$242,971,233
89$275,843,770$0$0$267,494,124
90$303,702,504$0$0$294,510,154
91$334,394,094$0$0$324,273,366
92$368,207,215$0$0$357,063,705
93$405,459,979$0$0$393,189,665
94$446,502,937$0$0$432,991,194
95$491,722,387$0$0$476,842,909
96$541,544,020$0$0$525,157,627
97$596,436,937$0$0$578,390,264
98$656,918,077$0$0$637,042,126
99$723,557,098$0$0$701,665,644
100$796,981,750$0$0$772,869,586