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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$118,914$117,855$116,821$115,813$114,828$111,554
2 years$58,868$57,772$56,709$55,679$54,680$51,408
3 years$38,856$37,755$36,695$35,674$34,691$31,522
4 years$28,851$27,754$26,704$25,701$24,742$21,701
5 years$22,850$21,759$20,724$19,741$18,808$15,904
6 years$18,851$17,768$16,748$15,787$14,883$12,116
7 years$15,995$14,922$13,917$12,979$12,103$9,476
8 years$13,855$12,791$11,803$10,888$10,041$7,551
9 years$12,191$11,136$10,166$9,274$8,456$6,101
10 years$10,860$9,816$8,863$7,994$7,205$4,982
11 years$9,772$8,739$7,803$6,958$6,196$4,101
12 years$8,866$7,843$6,925$6,103$5,370$3,399
13 years$8,100$7,088$6,187$5,388$4,683$2,831
14 years$7,444$6,443$5,559$4,783$4,105$2,368
15 years$6,876$5,886$5,019$4,265$3,614$1,988
16 years$6,380$5,400$4,550$3,819$3,194$1,674
17 years$5,942$4,973$4,141$3,431$2,832$1,412
18 years$5,554$4,596$3,780$3,092$2,518$1,194
19 years$5,206$4,259$3,460$2,794$2,245$1,012
20 years$4,894$3,958$3,176$2,531$2,005$858
21 years$4,612$3,687$2,921$2,297$1,794$728
22 years$4,356$3,441$2,692$2,088$1,608$619
23 years$4,123$3,218$2,486$1,902$1,444$527
24 years$3,909$3,016$2,299$1,735$1,298$448
25 years$3,713$2,830$2,129$1,584$1,168$382
26 years$3,532$2,660$1,975$1,448$1,052$325
27 years$3,364$2,503$1,834$1,326$948$277
28 years$3,209$2,359$1,705$1,215$856$237
29 years$3,065$2,225$1,586$1,114$773$202
30 years$2,931$2,101$1,478$1,022$698$172
31 years$2,806$1,986$1,378$939$631$147
32 years$2,689$1,880$1,285$863$571$126
33 years$2,579$1,780$1,200$794$517$107
34 years$2,476$1,687$1,121$730$468$92
35 years$2,379$1,600$1,048$672$424$78
36 years$2,287$1,519$981$619$384$67
37 years$2,201$1,442$918$570$348$57
38 years$2,119$1,371$860$526$315$49
39 years$2,042$1,304$805$485$286$42
40 years$1,969$1,240$755$447$259$36
41 years$1,899$1,181$708$412$235$30
42 years$1,833$1,124$664$381$214$26
43 years$1,771$1,071$623$351$194$22
44 years$1,711$1,021$585$324$176$19
45 years$1,654$974$549$300$160$16
46 years$1,600$929$516$277$145$14
47 years$1,548$886$485$256$132$12
48 years$1,499$846$455$236$120$10
49 years$1,451$808$428$218$109$9
50 years$1,406$772$402$202$99$7

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 $4,901 every year, while hoping to spend $50,167 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: 35/45/20 Blend
29$1,440,000$1,440,000$1,440,000$1,440,000
30$1,591,935$1,515,615$1,493,295$1,637,794
31$1,700,935$1,536,503$1,489,943$1,692,769
32$1,819,372$1,556,733$1,484,798$1,747,044
33$1,948,155$1,576,220$1,477,746$1,804,568
34$2,088,285$1,594,873$1,468,668$1,865,661
35$2,240,863$1,612,594$1,457,441$1,930,673
36$2,407,100$1,629,281$1,443,935$1,999,999
37$2,588,330$1,644,821$1,428,012$2,074,071
38$2,786,020$1,659,098$1,409,531$2,153,369
39$3,001,785$1,671,985$1,388,342$2,238,428
40$3,237,404$1,683,349$1,364,288$2,329,838
41$3,494,833$1,693,047$1,337,205$2,428,251
42$3,776,227$1,700,927$1,306,923$2,534,393
43$4,083,958$1,706,829$1,273,261$2,649,066
44$4,420,639$1,710,580$1,236,031$2,773,156
45$4,789,144$1,711,999$1,195,039$2,907,647
46$5,192,642$1,710,891$1,150,077$3,053,627
47$5,634,618$1,707,052$1,100,932$3,212,299
48$6,118,915$1,700,263$1,047,379$3,384,997
49$6,649,761$1,690,293$989,183$3,573,192
50$7,231,816$1,676,896$926,099$3,778,516
51$7,870,208$1,659,812$857,871$4,002,772
52$8,570,591$1,638,763$784,231$4,247,954
53$9,339,187$1,613,459$704,899$4,516,267
54$10,182,854$1,583,588$619,583$4,810,148
55$11,109,143$1,548,822$527,977$5,132,293
56$12,126,375$1,508,813$429,763$5,485,680
57$13,243,713$1,463,193$324,608$5,873,602
58$14,471,254$1,411,572$212,165$6,299,698
59$15,820,120$1,353,537$92,070$6,767,986
60$17,302,562$1,288,651$0$7,282,910
61$18,932,082$1,216,452$0$7,857,078
62$20,723,548$1,136,453$0$8,509,676
63$22,693,347$1,048,136$0$9,227,112
64$24,859,529$950,955$0$10,016,089
65$27,241,983$844,334$0$10,884,005
66$29,862,621$727,662$0$11,839,024
67$32,745,585$600,294$0$12,890,151
68$35,917,476$461,550$0$14,047,325
69$39,407,604$310,711$0$15,321,510
70$43,248,260$147,017$0$16,724,802
71$47,475,028$0$0$18,270,546
72$52,127,112$0$0$19,988,484
73$57,247,712$0$0$21,959,815
74$62,884,428$0$0$24,130,097
75$69,089,709$0$0$26,519,554
76$75,921,347$0$0$29,150,474
77$83,443,023$0$0$32,047,415
78$91,724,908$0$0$35,237,436
79$100,844,322$0$0$38,750,357
80$110,886,466$0$0$42,619,035
81$121,945,223$0$0$46,879,677
82$134,124,047$0$0$51,572,179
83$147,536,933$0$0$56,740,506
84$162,309,498$0$0$62,433,103
85$178,580,165$0$0$68,703,355
86$196,501,466$0$0$75,610,087
87$216,241,482$0$0$83,218,125
88$237,985,432$0$0$91,598,900
89$261,937,414$0$0$100,831,130
90$288,322,339$0$0$111,001,554
91$317,388,047$0$0$122,205,760
92$349,407,647$0$0$134,549,079
93$384,682,095$0$0$148,147,584
94$423,543,036$0$0$163,129,184
95$466,355,929$0$0$179,634,828
96$513,523,499$0$0$197,819,843
97$565,489,539$0$0$217,855,390
98$622,743,093$0$0$239,930,087
99$685,823,080$0$0$264,251,787
100$755,323,371$0$0$291,049,539