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%11.7%
1 years$118,914$117,855$116,821$115,813$114,828$114,008
2 years$58,868$57,772$56,709$55,679$54,680$53,854
3 years$38,856$37,755$36,695$35,674$34,691$33,884
4 years$28,851$27,754$26,704$25,701$24,742$23,960
5 years$22,850$21,759$20,724$19,741$18,808$18,053
6 years$18,851$17,768$16,748$15,787$14,883$14,156
7 years$15,995$14,922$13,917$12,979$12,103$11,405
8 years$13,855$12,791$11,803$10,888$10,041$9,371
9 years$12,191$11,136$10,166$9,274$8,456$7,815
10 years$10,860$9,816$8,863$7,994$7,205$6,592
11 years$9,772$8,739$7,803$6,958$6,196$5,611
12 years$8,866$7,843$6,925$6,103$5,370$4,811
13 years$8,100$7,088$6,187$5,388$4,683$4,150
14 years$7,444$6,443$5,559$4,783$4,105$3,598
15 years$6,876$5,886$5,019$4,265$3,614$3,133
16 years$6,380$5,400$4,550$3,819$3,194$2,737
17 years$5,942$4,973$4,141$3,431$2,832$2,399
18 years$5,554$4,596$3,780$3,092$2,518$2,108
19 years$5,206$4,259$3,460$2,794$2,245$1,857
20 years$4,894$3,958$3,176$2,531$2,005$1,638
21 years$4,612$3,687$2,921$2,297$1,794$1,448
22 years$4,356$3,441$2,692$2,088$1,608$1,282
23 years$4,123$3,218$2,486$1,902$1,444$1,136
24 years$3,909$3,016$2,299$1,735$1,298$1,008
25 years$3,713$2,830$2,129$1,584$1,168$895
26 years$3,532$2,660$1,975$1,448$1,052$796
27 years$3,364$2,503$1,834$1,326$948$708
28 years$3,209$2,359$1,705$1,215$856$631
29 years$3,065$2,225$1,586$1,114$773$562
30 years$2,931$2,101$1,478$1,022$698$501
31 years$2,806$1,986$1,378$939$631$446
32 years$2,689$1,880$1,285$863$571$398
33 years$2,579$1,780$1,200$794$517$355
34 years$2,476$1,687$1,121$730$468$317
35 years$2,379$1,600$1,048$672$424$283
36 years$2,287$1,519$981$619$384$253
37 years$2,201$1,442$918$570$348$226
38 years$2,119$1,371$860$526$315$202
39 years$2,042$1,304$805$485$286$181
40 years$1,969$1,240$755$447$259$162
41 years$1,899$1,181$708$412$235$144
42 years$1,833$1,124$664$381$214$129
43 years$1,771$1,071$623$351$194$115
44 years$1,711$1,021$585$324$176$103
45 years$1,654$974$549$300$160$92
46 years$1,600$929$516$277$145$83
47 years$1,548$886$485$256$132$74
48 years$1,499$846$455$236$120$66
49 years$1,451$808$428$218$109$59
50 years$1,406$772$402$202$99$53

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 $2,094 every year, while hoping to spend $47,116 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: 60/20/20 Blend
29$1,440,000$1,440,000$1,440,000$1,440,000
30$1,589,040$1,512,720$1,490,400$1,675,940
31$1,700,991$1,536,712$1,490,197$1,759,016
32$1,822,782$1,560,301$1,488,409$1,844,246
33$1,955,367$1,583,417$1,484,931$1,936,169
34$2,099,795$1,605,985$1,479,657$2,035,440
35$2,257,221$1,627,926$1,472,473$2,142,784
36$2,428,918$1,649,154$1,463,261$2,258,998
37$2,616,284$1,669,578$1,451,897$2,384,963
38$2,820,858$1,689,102$1,438,249$2,521,651
39$3,044,338$1,707,619$1,422,182$2,670,132
40$3,288,588$1,725,021$1,403,553$2,831,588
41$3,555,665$1,741,187$1,382,213$3,007,321
42$3,847,830$1,755,993$1,358,004$3,198,770
43$4,167,574$1,769,302$1,330,763$3,407,520
44$4,517,642$1,780,973$1,300,318$3,635,318
45$4,901,052$1,790,852$1,266,491$3,884,093
46$5,321,134$1,798,778$1,229,092$4,155,973
47$5,781,549$1,804,577$1,187,926$4,453,302
48$6,286,332$1,808,067$1,142,787$4,778,669
49$6,839,928$1,809,052$1,093,460$5,134,925
50$7,447,231$1,807,326$1,039,722$5,525,218
51$8,113,633$1,802,669$981,336$5,953,019
52$8,845,071$1,794,847$918,058$6,422,153
53$9,648,086$1,783,613$849,632$6,936,842
54$10,529,886$1,768,705$775,789$7,501,739
55$11,498,406$1,749,843$696,250$8,121,977
56$12,562,391$1,726,733$610,722$8,803,216
57$13,731,474$1,699,062$518,900$9,551,694
58$15,016,266$1,666,498$420,465$10,374,295
59$16,428,459$1,628,690$315,084$11,278,607
60$17,980,932$1,585,267$202,410$12,272,994
61$19,687,876$1,535,833$82,080$13,366,684
62$21,564,924$1,479,974$0$14,569,847
63$23,629,301$1,417,247$0$15,903,586
64$25,899,984$1,347,187$0$17,389,713
65$28,397,882$1,269,299$0$19,024,416
66$31,146,033$1,183,062$0$20,822,816
67$34,169,820$1,087,924$0$22,801,581
68$37,497,211$983,300$0$24,979,079
69$41,159,020$868,576$0$27,375,556
70$45,189,202$743,098$0$30,013,326
71$49,625,170$606,179$0$32,916,979
72$54,508,146$457,091$0$36,113,620
73$59,883,554$295,066$0$39,633,120
74$65,801,445$119,292$0$43,508,403
75$72,316,968$0$0$47,775,752
76$79,490,893$0$0$52,490,803
77$87,390,183$0$0$57,711,654
78$96,088,623$0$0$63,460,835
79$105,667,521$0$0$69,792,104
80$116,216,469$0$0$76,764,697
81$127,834,192$0$0$84,443,890
82$140,629,478$0$0$92,901,610
83$154,722,202$0$0$102,217,118
84$170,244,463$0$0$112,477,753
85$187,341,824$0$0$123,779,759
86$206,174,686$0$0$136,229,192
87$226,919,806$0$0$149,942,920
88$249,771,961$0$0$165,049,727
89$274,945,785$0$0$181,691,525
90$302,677,797$0$0$200,024,699
91$333,228,632$0$0$220,221,576
92$366,885,500$0$0$242,472,057
93$403,964,895$0$0$266,985,406
94$444,815,587$0$0$293,992,224
95$489,821,908$0$0$323,746,628
96$539,407,379$0$0$356,528,647
97$594,038,713$0$0$392,646,869
98$654,230,215$0$0$432,441,346
99$720,548,635$0$0$476,286,812
100$793,618,523$0$0$524,596,214