Can I retire at age 30 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$118,914$117,855$116,821$115,813$114,828$112,647
2 years$58,868$57,772$56,709$55,679$54,680$52,492
3 years$38,856$37,755$36,695$35,674$34,691$32,563
4 years$28,851$27,754$26,704$25,701$24,742$22,691
5 years$22,850$21,759$20,724$19,741$18,808$16,840
6 years$18,851$17,768$16,748$15,787$14,883$12,999
7 years$15,995$14,922$13,917$12,979$12,103$10,305
8 years$13,855$12,791$11,803$10,888$10,041$8,328
9 years$12,191$11,136$10,166$9,274$8,456$6,826
10 years$10,860$9,816$8,863$7,994$7,205$5,658
11 years$9,772$8,739$7,803$6,958$6,196$4,729
12 years$8,866$7,843$6,925$6,103$5,370$3,981
13 years$8,100$7,088$6,187$5,388$4,683$3,370
14 years$7,444$6,443$5,559$4,783$4,105$2,866
15 years$6,876$5,886$5,019$4,265$3,614$2,446
16 years$6,380$5,400$4,550$3,819$3,194$2,095
17 years$5,942$4,973$4,141$3,431$2,832$1,799
18 years$5,554$4,596$3,780$3,092$2,518$1,548
19 years$5,206$4,259$3,460$2,794$2,245$1,335
20 years$4,894$3,958$3,176$2,531$2,005$1,153
21 years$4,612$3,687$2,921$2,297$1,794$997
22 years$4,356$3,441$2,692$2,088$1,608$863
23 years$4,123$3,218$2,486$1,902$1,444$748
24 years$3,909$3,016$2,299$1,735$1,298$649
25 years$3,713$2,830$2,129$1,584$1,168$564
26 years$3,532$2,660$1,975$1,448$1,052$490
27 years$3,364$2,503$1,834$1,326$948$426
28 years$3,209$2,359$1,705$1,215$856$370
29 years$3,065$2,225$1,586$1,114$773$322
30 years$2,931$2,101$1,478$1,022$698$280
31 years$2,806$1,986$1,378$939$631$244
32 years$2,689$1,880$1,285$863$571$213
33 years$2,579$1,780$1,200$794$517$185
34 years$2,476$1,687$1,121$730$468$161
35 years$2,379$1,600$1,048$672$424$141
36 years$2,287$1,519$981$619$384$123
37 years$2,201$1,442$918$570$348$107
38 years$2,119$1,371$860$526$315$93
39 years$2,042$1,304$805$485$286$81
40 years$1,969$1,240$755$447$259$71
41 years$1,899$1,181$708$412$235$62
42 years$1,833$1,124$664$381$214$54
43 years$1,771$1,071$623$351$194$47
44 years$1,711$1,021$585$324$176$41
45 years$1,654$974$549$300$160$36
46 years$1,600$929$516$277$145$31
47 years$1,548$886$485$256$132$27
48 years$1,499$846$455$236$120$24
49 years$1,451$808$428$218$109$21
50 years$1,406$772$402$202$99$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,440,000, adding $2,494 every year, while hoping to spend $33,188 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: 69/12/19 Blend
29$1,440,000$1,440,000$1,440,000$1,440,000
30$1,589,453$1,513,133$1,490,813$1,691,592
31$1,716,265$1,551,964$1,505,443$1,798,909
32$1,854,900$1,591,586$1,519,451$1,912,154
33$2,006,528$1,632,003$1,532,781$2,035,249
34$2,172,439$1,673,216$1,545,375$2,169,163
35$2,354,052$1,715,228$1,557,169$2,314,964
36$2,552,931$1,758,039$1,568,099$2,473,826
37$2,770,796$1,801,649$1,578,097$2,647,046
38$3,009,543$1,846,056$1,587,089$2,836,052
39$3,271,261$1,891,257$1,595,001$3,042,414
40$3,558,248$1,937,247$1,601,752$3,267,866
41$3,873,038$1,984,021$1,607,259$3,514,317
42$4,218,419$2,031,569$1,611,434$3,783,868
43$4,597,465$2,079,883$1,614,184$4,078,838
44$5,013,559$2,128,951$1,615,412$4,401,779
45$5,470,431$2,178,758$1,615,017$4,755,505
46$5,972,186$2,229,288$1,612,891$5,143,115
47$6,523,349$2,280,523$1,608,923$5,568,025
48$7,128,903$2,332,442$1,602,995$6,033,999
49$7,794,340$2,385,020$1,594,984$6,545,185
50$8,525,708$2,438,231$1,584,761$7,106,153
51$9,329,669$2,492,044$1,572,190$7,721,940
52$10,213,567$2,546,425$1,557,129$8,398,098
53$11,185,488$2,601,337$1,539,431$9,140,741
54$12,254,345$2,656,740$1,518,939$9,956,610
55$13,429,955$2,712,587$1,495,490$10,853,134
56$14,723,136$2,768,830$1,468,915$11,838,497
57$16,145,807$2,825,413$1,439,034$12,921,722
58$17,711,098$2,882,277$1,405,660$14,112,749
59$19,433,479$2,939,358$1,368,599$15,422,533
60$21,328,893$2,996,585$1,327,646$16,863,149
61$23,414,904$3,053,882$1,282,586$18,447,900
62$25,710,868$3,111,166$1,233,197$20,191,451
63$28,238,111$3,168,348$1,179,243$22,109,960
64$31,020,132$3,225,330$1,120,482$24,221,235
65$34,082,824$3,282,010$1,056,656$26,544,903
66$37,454,718$3,338,274$987,500$29,102,589
67$41,167,251$3,394,002$912,733$31,918,131
68$45,255,065$3,449,062$832,065$35,017,795
69$49,756,333$3,503,317$745,189$38,430,528
70$54,713,115$3,556,616$651,789$42,188,233
71$60,171,760$3,608,797$551,532$46,326,068
72$66,183,341$3,659,690$444,070$50,882,776
73$72,804,136$3,709,109$329,041$55,901,057
74$80,096,161$3,756,858$206,066$61,427,968
75$88,127,751$3,802,726$74,751$67,515,365
76$96,974,209$3,846,487$0$74,220,399
77$106,718,515$3,887,902$0$81,619,307
78$117,452,108$3,926,713$0$89,785,275
79$129,275,749$3,962,648$0$98,779,715
80$142,300,472$3,995,415$0$108,687,018
81$156,648,633$4,024,703$0$119,600,181
82$172,455,062$4,050,182$0$131,621,684
83$189,868,337$4,071,499$0$144,864,458
84$209,052,186$4,088,282$0$159,452,951
85$230,187,032$4,100,131$0$175,524,302
86$253,471,695$4,106,623$0$193,229,637
87$279,125,270$4,107,310$0$212,735,492
88$307,389,193$4,101,713$0$234,225,390
89$338,529,520$4,089,326$0$257,901,572
90$372,839,439$4,069,611$0$283,986,902
91$410,642,036$4,041,997$0$312,726,976
92$452,293,348$4,005,879$0$344,392,441
93$498,185,717$3,960,614$0$379,281,543
94$548,751,498$3,905,522$0$417,722,952
95$604,467,141$3,839,883$0$460,078,857
96$665,857,683$3,762,931$0$506,748,390
97$733,501,710$3,673,858$0$558,171,392
98$808,036,814$3,571,806$0$614,832,569
99$890,165,613$3,455,869$0$677,266,060
100$980,662,384$3,325,085$0$746,060,489