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%15.3%
1 years$117,262$116,218$115,199$114,204$113,233$110,765
2 years$58,051$56,969$55,922$54,906$53,920$51,447
3 years$38,316$37,230$36,185$35,179$34,209$31,807
4 years$28,451$27,368$26,333$25,344$24,398$22,086
5 years$22,533$21,457$20,436$19,467$18,547$16,331
6 years$18,589$17,521$16,515$15,568$14,676$12,558
7 years$15,773$14,714$13,724$12,799$11,935$9,917
8 years$13,662$12,613$11,639$10,737$9,902$7,981
9 years$12,021$10,982$10,025$9,145$8,339$6,515
10 years$10,709$9,680$8,740$7,883$7,105$5,376
11 years$9,636$8,617$7,694$6,861$6,110$4,474
12 years$8,743$7,735$6,829$6,018$5,295$3,749
13 years$7,988$6,990$6,101$5,313$4,617$3,159
14 years$7,341$6,354$5,482$4,716$4,048$2,674
15 years$6,781$5,804$4,949$4,206$3,564$2,271
16 years$6,291$5,325$4,487$3,766$3,150$1,936
17 years$5,860$4,904$4,083$3,384$2,793$1,654
18 years$5,476$4,532$3,727$3,049$2,483$1,416
19 years$5,134$4,200$3,412$2,755$2,213$1,215
20 years$4,826$3,903$3,132$2,496$1,977$1,043
21 years$4,548$3,635$2,880$2,265$1,769$898
22 years$4,295$3,393$2,655$2,059$1,586$773
23 years$4,065$3,174$2,451$1,875$1,424$666
24 years$3,855$2,974$2,267$1,711$1,280$575
25 years$3,661$2,791$2,100$1,562$1,151$496
26 years$3,483$2,623$1,947$1,428$1,037$429
27 years$3,318$2,468$1,808$1,307$935$371
28 years$3,165$2,326$1,681$1,198$844$321
29 years$3,023$2,194$1,564$1,098$762$277
30 years$2,891$2,072$1,457$1,008$688$240
31 years$2,767$1,959$1,358$926$622$208
32 years$2,651$1,854$1,267$851$563$180
33 years$2,543$1,755$1,183$782$509$156
34 years$2,441$1,664$1,106$720$461$135
35 years$2,346$1,578$1,034$663$418$117
36 years$2,255$1,498$967$610$379$101
37 years$2,170$1,422$905$562$343$88
38 years$2,090$1,352$848$518$311$76
39 years$2,014$1,285$794$478$282$66
40 years$1,941$1,223$744$441$256$57
41 years$1,873$1,164$698$407$232$50
42 years$1,808$1,109$655$375$211$43
43 years$1,746$1,056$614$347$191$37
44 years$1,687$1,007$577$320$173$32
45 years$1,631$960$541$295$158$28
46 years$1,578$916$509$273$143$24
47 years$1,527$874$478$252$130$21
48 years$1,478$835$449$233$118$18
49 years$1,431$797$422$215$107$16
50 years$1,386$761$397$199$97$14

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 $4,469 every year, while hoping to spend $48,079 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: 37/34/29 Blend
29$1,420,000$1,420,000$1,420,000$1,420,000
30$1,569,450$1,494,190$1,472,180$1,613,784
31$1,678,378$1,516,249$1,470,342$1,669,091
32$1,796,805$1,537,779$1,466,831$1,724,108
33$1,925,650$1,558,700$1,461,541$1,782,626
34$2,065,923$1,578,933$1,454,359$1,844,994
35$2,218,735$1,598,388$1,445,168$1,911,600
36$2,385,309$1,616,973$1,433,844$1,982,870
37$2,566,992$1,634,586$1,420,260$2,059,281
38$2,765,266$1,651,122$1,404,279$2,141,358
39$2,981,762$1,666,465$1,385,761$2,229,682
40$3,218,276$1,680,496$1,364,558$2,324,900
41$3,476,783$1,693,083$1,340,514$2,427,723
42$3,759,461$1,704,090$1,313,467$2,538,942
43$4,068,705$1,713,370$1,283,247$2,659,431
44$4,407,154$1,720,767$1,249,678$2,790,157
45$4,777,714$1,726,114$1,212,572$2,932,190
46$5,183,583$1,729,236$1,171,735$3,086,713
47$5,628,285$1,729,945$1,126,964$3,255,034
48$6,115,699$1,728,042$1,078,047$3,438,602
49$6,650,100$1,723,315$1,024,761$3,639,018
50$7,236,194$1,715,541$966,874$3,858,050
51$7,879,164$1,704,481$904,143$4,097,655
52$8,584,721$1,689,883$836,314$4,359,994
53$9,359,154$1,671,479$763,122$4,647,459
54$10,209,391$1,648,984$684,290$4,962,689
55$11,143,064$1,622,100$599,529$5,308,603
56$12,168,579$1,590,505$508,536$5,688,424
57$13,295,199$1,553,864$410,996$6,105,713
58$14,533,124$1,511,818$306,579$6,564,405
59$15,893,594$1,463,989$194,941$7,068,843
60$17,388,993$1,409,976$75,724$7,623,828
61$19,032,961$1,349,356$0$8,234,657
62$20,840,527$1,281,679$0$8,923,118
63$22,828,252$1,206,472$0$9,705,777
64$25,014,376$1,123,232$0$10,566,435
65$27,419,002$1,031,430$0$11,513,098
66$30,064,273$930,503$0$12,554,594
67$32,974,591$819,860$0$13,700,661
68$36,176,840$698,874$0$14,962,036
69$39,700,642$566,883$0$16,350,559
70$43,578,635$423,188$0$17,879,288
71$47,846,782$267,050$0$19,562,622
72$52,544,709$97,690$0$21,416,438
73$57,716,077$0$0$23,458,244
74$63,408,997$0$0$25,739,415
75$69,676,479$0$0$28,291,296
76$76,576,938$0$0$31,101,154
77$84,174,737$0$0$34,195,227
78$92,540,800$0$0$37,602,431
79$101,753,280$0$0$41,354,628
80$111,898,292$0$0$45,486,926
81$123,070,730$0$0$50,038,013
82$135,375,159$0$0$55,050,522
83$148,926,803$0$0$60,571,428
84$163,852,631$0$0$66,652,497
85$180,292,556$0$0$73,350,774
86$198,400,752$0$0$80,729,116
87$218,347,112$0$0$88,856,790
88$240,318,850$0$0$97,810,126
89$264,522,265$0$0$107,673,236
90$291,184,692$0$0$118,538,808
91$320,556,642$0$0$130,508,978
92$352,914,172$0$0$143,696,302
93$388,561,484$0$0$158,224,807
94$427,833,798$0$0$174,231,172
95$471,100,518$0$0$191,866,011
96$518,768,715$0$0$211,295,295
97$571,286,971$0$0$232,701,924
98$629,149,610$0$0$256,287,446
99$692,901,366$0$0$282,273,963
100$763,142,524$0$0$310,906,229