Can I retire at age 30 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$117,262$116,218$115,199$114,204$113,233$108,999
2 years$58,051$56,969$55,922$54,906$53,920$49,703
3 years$38,316$37,230$36,185$35,179$34,209$30,141
4 years$28,451$27,368$26,333$25,344$24,398$20,511
5 years$22,533$21,457$20,436$19,467$18,547$14,850
6 years$18,589$17,521$16,515$15,568$14,676$11,172
7 years$15,773$14,714$13,724$12,799$11,935$8,624
8 years$13,662$12,613$11,639$10,737$9,902$6,779
9 years$12,021$10,982$10,025$9,145$8,339$5,401
10 years$10,709$9,680$8,740$7,883$7,105$4,347
11 years$9,636$8,617$7,694$6,861$6,110$3,526
12 years$8,743$7,735$6,829$6,018$5,295$2,877
13 years$7,988$6,990$6,101$5,313$4,617$2,359
14 years$7,341$6,354$5,482$4,716$4,048$1,943
15 years$6,781$5,804$4,949$4,206$3,564$1,604
16 years$6,291$5,325$4,487$3,766$3,150$1,328
17 years$5,860$4,904$4,083$3,384$2,793$1,102
18 years$5,476$4,532$3,727$3,049$2,483$916
19 years$5,134$4,200$3,412$2,755$2,213$763
20 years$4,826$3,903$3,132$2,496$1,977$635
21 years$4,548$3,635$2,880$2,265$1,769$530
22 years$4,295$3,393$2,655$2,059$1,586$443
23 years$4,065$3,174$2,451$1,875$1,424$370
24 years$3,855$2,974$2,267$1,711$1,280$309
25 years$3,661$2,791$2,100$1,562$1,151$258
26 years$3,483$2,623$1,947$1,428$1,037$216
27 years$3,318$2,468$1,808$1,307$935$181
28 years$3,165$2,326$1,681$1,198$844$151
29 years$3,023$2,194$1,564$1,098$762$127
30 years$2,891$2,072$1,457$1,008$688$106
31 years$2,767$1,959$1,358$926$622$89
32 years$2,651$1,854$1,267$851$563$74
33 years$2,543$1,755$1,183$782$509$62
34 years$2,441$1,664$1,106$720$461$52
35 years$2,346$1,578$1,034$663$418$44
36 years$2,255$1,498$967$610$379$37
37 years$2,170$1,422$905$562$343$31
38 years$2,090$1,352$848$518$311$26
39 years$2,014$1,285$794$478$282$22
40 years$1,941$1,223$744$441$256$18
41 years$1,873$1,164$698$407$232$15
42 years$1,808$1,109$655$375$211$13
43 years$1,746$1,056$614$347$191$11
44 years$1,687$1,007$577$320$173$9
45 years$1,631$960$541$295$158$7
46 years$1,578$916$509$273$143$6
47 years$1,527$874$478$252$130$5
48 years$1,478$835$449$233$118$4
49 years$1,431$797$422$215$107$4
50 years$1,386$761$397$199$97$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,420,000, adding $4,938 every year, while hoping to spend $35,194 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: 83/9/8 Blend
29$1,420,000$1,420,000$1,420,000$1,420,000
30$1,569,934$1,494,674$1,472,664$1,698,360
31$1,692,621$1,530,466$1,484,552$1,818,842
32$1,826,642$1,566,834$1,495,658$1,945,886
33$1,973,117$1,603,766$1,505,921$2,084,308
34$2,133,278$1,641,253$1,515,271$2,235,228
35$2,308,480$1,679,282$1,523,641$2,399,880
36$2,500,218$1,717,840$1,530,956$2,579,622
37$2,710,135$1,756,909$1,537,138$2,775,951
38$2,940,043$1,796,472$1,542,106$2,990,515
39$3,191,937$1,836,508$1,545,776$3,225,130
40$3,468,011$1,876,994$1,548,057$3,481,794
41$3,770,686$1,917,905$1,548,854$3,762,710
42$4,102,626$1,959,212$1,548,070$4,070,304
43$4,466,764$2,000,883$1,545,601$4,407,249
44$4,866,333$2,042,885$1,541,337$4,776,488
45$5,304,892$2,085,180$1,535,166$5,181,266
46$5,786,364$2,127,727$1,526,966$5,625,155
47$6,315,067$2,170,480$1,516,614$6,112,091
48$6,895,761$2,213,390$1,503,978$6,646,413
49$7,533,687$2,256,405$1,488,919$7,232,898
50$8,234,620$2,299,466$1,471,295$7,876,811
51$9,004,922$2,342,510$1,450,954$8,583,952
52$9,851,602$2,385,471$1,427,739$9,360,714
53$10,782,380$2,428,274$1,401,483$10,214,137
54$11,805,764$2,470,841$1,372,014$11,151,982
55$12,931,127$2,513,086$1,339,151$12,182,798
56$14,168,793$2,554,918$1,302,703$13,316,005
57$15,530,139$2,596,239$1,262,474$14,561,985
58$17,027,702$2,636,943$1,218,255$15,932,174
59$18,675,290$2,676,916$1,169,829$17,439,177
60$20,488,122$2,716,037$1,116,970$19,096,883
61$22,482,962$2,754,175$1,059,441$20,920,594
62$24,678,286$2,791,191$996,994$22,927,175
63$27,094,448$2,826,936$929,370$25,135,208
64$29,753,876$2,861,250$856,298$27,565,170
65$32,681,283$2,893,963$777,496$30,239,626
66$35,903,899$2,924,893$692,667$33,183,442
67$39,451,730$2,953,846$601,505$36,424,018
68$43,357,838$2,980,615$503,686$39,991,548
69$47,658,652$3,004,980$398,875$43,919,306
70$52,394,316$3,026,706$286,719$48,243,959
71$57,609,064$3,045,542$166,852$53,005,911
72$63,351,638$3,061,223$38,890$58,249,688
73$69,675,748$3,073,466$0$64,024,358
74$76,640,577$3,081,969$0$70,392,328
75$84,311,343$3,086,413$0$77,408,931
76$92,759,911$3,086,457$0$85,136,544
77$102,065,469$3,081,741$0$93,647,564
78$112,315,282$3,071,882$0$103,021,772
79$123,605,509$3,056,472$0$113,347,082
80$136,042,112$3,035,080$0$124,720,373
81$149,741,857$3,007,249$0$137,248,403
82$164,833,415$2,972,492$0$151,048,816
83$181,458,575$2,930,296$0$166,251,253
84$199,773,584$2,880,115$0$182,998,576
85$219,950,621$2,821,372$0$201,448,213
86$242,179,419$2,753,454$0$221,773,651
87$266,669,061$2,675,714$0$244,166,066
88$293,649,947$2,587,466$0$268,836,133
89$323,375,974$2,487,984$0$296,016,011
90$356,126,928$2,376,500$0$325,961,538
91$392,211,127$2,252,202$0$358,954,644
92$431,968,332$2,114,229$0$395,306,011
93$475,772,949$1,961,673$0$435,358,010
94$524,037,567$1,793,573$0$479,487,929
95$577,216,854$1,608,914$0$528,111,538
96$635,811,844$1,406,620$0$581,687,010
97$700,374,666$1,185,559$0$640,719,251
98$771,513,762$944,532$0$705,764,664
99$849,899,623$682,271$0$777,436,401
100$936,271,123$397,441$0$856,410,155