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%19.2%
1 years$117,262$116,218$115,199$114,204$113,233$109,042
2 years$58,051$56,969$55,922$54,906$53,920$49,745
3 years$38,316$37,230$36,185$35,179$34,209$30,182
4 years$28,451$27,368$26,333$25,344$24,398$20,549
5 years$22,533$21,457$20,436$19,467$18,547$14,885
6 years$18,589$17,521$16,515$15,568$14,676$11,205
7 years$15,773$14,714$13,724$12,799$11,935$8,654
8 years$13,662$12,613$11,639$10,737$9,902$6,807
9 years$12,021$10,982$10,025$9,145$8,339$5,426
10 years$10,709$9,680$8,740$7,883$7,105$4,370
11 years$9,636$8,617$7,694$6,861$6,110$3,547
12 years$8,743$7,735$6,829$6,018$5,295$2,896
13 years$7,988$6,990$6,101$5,313$4,617$2,377
14 years$7,341$6,354$5,482$4,716$4,048$1,958
15 years$6,781$5,804$4,949$4,206$3,564$1,618
16 years$6,291$5,325$4,487$3,766$3,150$1,341
17 years$5,860$4,904$4,083$3,384$2,793$1,114
18 years$5,476$4,532$3,727$3,049$2,483$926
19 years$5,134$4,200$3,412$2,755$2,213$772
20 years$4,826$3,903$3,132$2,496$1,977$643
21 years$4,548$3,635$2,880$2,265$1,769$537
22 years$4,295$3,393$2,655$2,059$1,586$449
23 years$4,065$3,174$2,451$1,875$1,424$375
24 years$3,855$2,974$2,267$1,711$1,280$314
25 years$3,661$2,791$2,100$1,562$1,151$263
26 years$3,483$2,623$1,947$1,428$1,037$220
27 years$3,318$2,468$1,808$1,307$935$184
28 years$3,165$2,326$1,681$1,198$844$154
29 years$3,023$2,194$1,564$1,098$762$129
30 years$2,891$2,072$1,457$1,008$688$108
31 years$2,767$1,959$1,358$926$622$91
32 years$2,651$1,854$1,267$851$563$76
33 years$2,543$1,755$1,183$782$509$64
34 years$2,441$1,664$1,106$720$461$54
35 years$2,346$1,578$1,034$663$418$45
36 years$2,255$1,498$967$610$379$38
37 years$2,170$1,422$905$562$343$32
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$19
41 years$1,873$1,164$698$407$232$16
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$8
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$5
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 $3,842 every year, while hoping to spend $46,930 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: 45/37/18 Blend
29$1,420,000$1,420,000$1,420,000$1,420,000
30$1,568,803$1,493,543$1,471,533$1,631,130
31$1,678,888$1,516,793$1,470,896$1,698,403
32$1,798,628$1,539,610$1,468,665$1,766,333
33$1,928,960$1,561,923$1,464,737$1,839,007
34$2,070,912$1,583,655$1,459,004$1,916,887
35$2,225,616$1,604,726$1,451,352$2,000,481
36$2,394,320$1,625,048$1,441,663$2,090,351
37$2,578,395$1,644,530$1,429,813$2,187,120
38$2,779,351$1,663,072$1,415,672$2,291,472
39$2,998,851$1,680,568$1,399,102$2,404,167
40$3,238,723$1,696,905$1,379,962$2,526,042
41$3,500,983$1,711,964$1,358,101$2,658,020
42$3,787,849$1,725,615$1,333,363$2,801,124
43$4,101,763$1,737,724$1,305,584$2,956,480
44$4,445,414$1,748,143$1,274,592$3,125,335
45$4,821,763$1,756,719$1,240,207$3,309,064
46$5,234,072$1,763,288$1,202,243$3,509,185
47$5,685,931$1,767,673$1,160,503$3,727,375
48$6,181,297$1,769,690$1,114,781$3,965,485
49$6,724,525$1,769,141$1,064,862$4,225,559
50$7,320,414$1,765,816$1,010,522$4,509,853
51$7,974,248$1,759,492$951,526$4,820,859
52$8,691,848$1,749,935$887,629$5,161,325
53$9,479,627$1,736,892$818,575$5,534,287
54$10,344,647$1,720,098$744,095$5,943,095
55$11,294,690$1,699,271$663,911$6,391,446
56$12,338,326$1,674,112$577,730$6,883,420
57$13,484,997$1,644,306$485,246$7,423,520
58$14,745,106$1,609,516$386,140$8,016,715
59$16,130,112$1,569,388$280,081$8,668,489
60$17,652,640$1,523,545$166,721$9,384,892
61$19,326,600$1,471,589$45,697$10,172,600
62$21,167,316$1,413,099$0$11,038,978
63$23,191,670$1,347,630$0$12,008,182
64$25,418,266$1,274,709$0$13,083,556
65$27,867,597$1,193,838$0$14,266,283
66$30,562,245$1,104,489$0$15,567,357
67$33,527,090$1,006,105$0$16,998,898
68$36,789,545$898,096$0$18,574,271
69$40,379,816$779,839$0$20,308,212
70$44,331,183$650,677$0$22,216,970
71$48,680,317$509,914$0$24,318,460
72$53,467,624$356,814$0$26,632,432
73$58,737,627$190,603$0$29,180,665
74$64,539,384$10,462$0$31,987,167
75$70,926,951$0$0$35,078,408
76$77,959,893$0$0$38,558,681
77$85,703,846$0$0$42,395,706
78$94,231,130$0$0$46,621,084
79$103,621,441$0$0$51,274,333
80$113,962,593$0$0$56,398,997
81$125,351,353$0$0$62,043,059
82$137,894,352$0$0$68,259,393
83$151,709,086$0$0$75,106,264
84$166,925,034$0$0$82,647,875
85$183,684,868$0$0$90,954,974
86$202,145,811$0$0$100,105,524
87$222,481,110$0$0$110,185,433
88$244,881,677$0$0$121,289,371
89$269,557,888$0$0$133,521,659
90$296,741,568$0$0$146,997,255
91$326,688,179$0$0$161,842,838
92$359,679,233$0$0$178,198,004
93$396,024,944$0$0$196,216,584
94$436,067,157$0$0$216,068,093
95$480,182,578$0$0$237,939,336
96$528,786,324$0$0$262,036,162
97$582,335,843$0$0$288,585,416
98$641,335,232$0$0$317,837,073
99$706,339,995$0$0$350,066,601
100$777,962,284$0$0$385,577,561