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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$117,262$116,218$115,199$114,204$113,233$109,520
2 years$58,051$56,969$55,922$54,906$53,920$50,216
3 years$38,316$37,230$36,185$35,179$34,209$30,629
4 years$28,451$27,368$26,333$25,344$24,398$20,969
5 years$22,533$21,457$20,436$19,467$18,547$15,278
6 years$18,589$17,521$16,515$15,568$14,676$11,570
7 years$15,773$14,714$13,724$12,799$11,935$8,992
8 years$13,662$12,613$11,639$10,737$9,902$7,119
9 years$12,021$10,982$10,025$9,145$8,339$5,714
10 years$10,709$9,680$8,740$7,883$7,105$4,633
11 years$9,636$8,617$7,694$6,861$6,110$3,788
12 years$8,743$7,735$6,829$6,018$5,295$3,116
13 years$7,988$6,990$6,101$5,313$4,617$2,576
14 years$7,341$6,354$5,482$4,716$4,048$2,139
15 years$6,781$5,804$4,949$4,206$3,564$1,782
16 years$6,291$5,325$4,487$3,766$3,150$1,488
17 years$5,860$4,904$4,083$3,384$2,793$1,246
18 years$5,476$4,532$3,727$3,049$2,483$1,045
19 years$5,134$4,200$3,412$2,755$2,213$877
20 years$4,826$3,903$3,132$2,496$1,977$738
21 years$4,548$3,635$2,880$2,265$1,769$621
22 years$4,295$3,393$2,655$2,059$1,586$524
23 years$4,065$3,174$2,451$1,875$1,424$442
24 years$3,855$2,974$2,267$1,711$1,280$373
25 years$3,661$2,791$2,100$1,562$1,151$315
26 years$3,483$2,623$1,947$1,428$1,037$266
27 years$3,318$2,468$1,808$1,307$935$225
28 years$3,165$2,326$1,681$1,198$844$190
29 years$3,023$2,194$1,564$1,098$762$160
30 years$2,891$2,072$1,457$1,008$688$136
31 years$2,767$1,959$1,358$926$622$115
32 years$2,651$1,854$1,267$851$563$97
33 years$2,543$1,755$1,183$782$509$82
34 years$2,441$1,664$1,106$720$461$70
35 years$2,346$1,578$1,034$663$418$59
36 years$2,255$1,498$967$610$379$50
37 years$2,170$1,422$905$562$343$42
38 years$2,090$1,352$848$518$311$36
39 years$2,014$1,285$794$478$282$30
40 years$1,941$1,223$744$441$256$26
41 years$1,873$1,164$698$407$232$22
42 years$1,808$1,109$655$375$211$18
43 years$1,746$1,056$614$347$191$16
44 years$1,687$1,007$577$320$173$13
45 years$1,631$960$541$295$158$11
46 years$1,578$916$509$273$143$9
47 years$1,527$874$478$252$130$8
48 years$1,478$835$449$233$118$7
49 years$1,431$797$422$215$107$6
50 years$1,386$761$397$199$97$5

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 $4,973 every year, while hoping to spend $33,120 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: 40/39/21 Blend
29$1,420,000$1,420,000$1,420,000$1,420,000
30$1,569,970$1,494,710$1,472,700$1,622,827
31$1,694,867$1,532,711$1,486,796$1,699,191
32$1,831,394$1,571,464$1,500,254$1,778,221
33$1,980,702$1,610,972$1,513,018$1,863,046
34$2,144,058$1,651,234$1,525,028$1,954,211
35$2,322,858$1,692,250$1,536,223$2,052,317
36$2,518,639$1,734,020$1,546,536$2,158,028
37$2,733,093$1,776,540$1,555,898$2,272,074
38$2,968,085$1,819,807$1,564,237$2,395,259
39$3,225,667$1,863,815$1,571,476$2,528,468
40$3,508,099$1,908,556$1,577,535$2,672,678
41$3,817,872$1,954,022$1,582,329$2,828,966
42$4,157,729$2,000,202$1,585,770$2,998,516
43$4,530,689$2,047,084$1,587,766$3,182,634
44$4,940,080$2,094,653$1,588,217$3,382,760
45$5,389,569$2,142,891$1,587,023$3,600,481
46$5,883,191$2,191,779$1,584,074$3,837,546
47$6,425,396$2,241,295$1,579,260$4,095,880
48$7,021,082$2,291,414$1,572,461$4,377,609
49$7,675,647$2,342,109$1,563,553$4,685,074
50$8,395,038$2,393,347$1,552,407$5,020,854
51$9,185,806$2,445,095$1,538,887$5,387,795
52$10,055,168$2,497,315$1,522,850$5,789,031
53$11,011,076$2,549,964$1,504,146$6,228,018
54$12,062,291$2,602,997$1,482,620$6,708,565
55$13,218,464$2,656,363$1,458,107$7,234,870
56$14,490,230$2,710,008$1,430,436$7,811,562
57$15,889,306$2,763,870$1,399,428$8,443,742
58$17,428,601$2,817,886$1,364,895$9,137,033
59$19,122,340$2,871,984$1,326,641$9,897,634
60$20,986,195$2,926,088$1,284,459$10,732,378
61$23,037,435$2,980,114$1,238,137$11,648,796
62$25,295,086$3,033,973$1,187,447$12,655,190
63$27,780,115$3,087,567$1,132,157$13,760,711
64$30,515,622$3,140,793$1,072,019$14,975,446
65$33,527,061$3,193,538$1,006,778$16,310,515
66$36,842,481$3,245,681$936,164$17,778,172
67$40,492,787$3,297,092$859,899$19,391,927
68$44,512,034$3,347,633$777,688$21,166,672
69$48,937,747$3,397,152$689,227$23,118,820
70$53,811,276$3,445,491$594,194$25,266,464
71$59,178,184$3,492,478$492,257$27,629,545
72$65,088,678$3,537,929$383,068$30,230,044
73$71,598,084$3,581,649$266,261$33,092,190
74$78,767,366$3,623,426$141,458$36,242,688
75$86,663,702$3,663,039$8,262$39,710,973
76$95,361,120$3,700,248$0$43,529,488
77$104,941,192$3,734,798$0$47,763,993
78$115,493,808$3,766,418$0$52,427,829
79$127,118,023$3,794,819$0$57,562,686
80$139,922,989$3,819,693$0$63,216,553
81$154,028,988$3,840,712$0$69,442,315
82$169,568,565$3,857,527$0$76,298,254
83$186,687,780$3,869,767$0$83,848,601
84$205,547,587$3,877,039$0$92,164,143
85$226,325,350$3,878,923$0$101,322,890
86$249,216,520$3,874,975$0$111,410,813
87$274,436,478$3,864,722$0$122,522,659
88$302,222,568$3,847,662$0$134,762,842
89$332,836,336$3,823,264$0$148,246,433
90$366,566,002$3,790,963$0$163,100,248
91$403,729,174$3,750,160$0$179,464,044
92$444,675,854$3,700,222$0$197,491,838
93$489,791,733$3,640,475$0$217,353,370
94$539,501,838$3,570,207$0$239,235,698
95$594,274,542$3,488,663$0$263,344,970
96$654,625,983$3,395,045$0$289,908,372
97$721,124,936$3,288,506$0$319,176,273
98$794,398,187$3,168,150$0$351,424,593
99$875,136,442$3,033,029$0$386,957,406
100$964,100,853$2,882,141$0$426,109,816