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%17.7%
1 years$118,914$117,855$116,821$115,813$114,828$111,241
2 years$58,868$57,772$56,709$55,679$54,680$51,098
3 years$38,856$37,755$36,695$35,674$34,691$31,227
4 years$28,851$27,754$26,704$25,701$24,742$21,422
5 years$22,850$21,759$20,724$19,741$18,808$15,641
6 years$18,851$17,768$16,748$15,787$14,883$11,871
7 years$15,995$14,922$13,917$12,979$12,103$9,247
8 years$13,855$12,791$11,803$10,888$10,041$7,338
9 years$12,191$11,136$10,166$9,274$8,456$5,904
10 years$10,860$9,816$8,863$7,994$7,205$4,800
11 years$9,772$8,739$7,803$6,958$6,196$3,934
12 years$8,866$7,843$6,925$6,103$5,370$3,245
13 years$8,100$7,088$6,187$5,388$4,683$2,690
14 years$7,444$6,443$5,559$4,783$4,105$2,240
15 years$6,876$5,886$5,019$4,265$3,614$1,871
16 years$6,380$5,400$4,550$3,819$3,194$1,567
17 years$5,942$4,973$4,141$3,431$2,832$1,316
18 years$5,554$4,596$3,780$3,092$2,518$1,107
19 years$5,206$4,259$3,460$2,794$2,245$932
20 years$4,894$3,958$3,176$2,531$2,005$787
21 years$4,612$3,687$2,921$2,297$1,794$664
22 years$4,356$3,441$2,692$2,088$1,608$562
23 years$4,123$3,218$2,486$1,902$1,444$475
24 years$3,909$3,016$2,299$1,735$1,298$402
25 years$3,713$2,830$2,129$1,584$1,168$341
26 years$3,532$2,660$1,975$1,448$1,052$289
27 years$3,364$2,503$1,834$1,326$948$245
28 years$3,209$2,359$1,705$1,215$856$208
29 years$3,065$2,225$1,586$1,114$773$176
30 years$2,931$2,101$1,478$1,022$698$149
31 years$2,806$1,986$1,378$939$631$127
32 years$2,689$1,880$1,285$863$571$108
33 years$2,579$1,780$1,200$794$517$91
34 years$2,476$1,687$1,121$730$468$78
35 years$2,379$1,600$1,048$672$424$66
36 years$2,287$1,519$981$619$384$56
37 years$2,201$1,442$918$570$348$47
38 years$2,119$1,371$860$526$315$40
39 years$2,042$1,304$805$485$286$34
40 years$1,969$1,240$755$447$259$29
41 years$1,899$1,181$708$412$235$25
42 years$1,833$1,124$664$381$214$21
43 years$1,771$1,071$623$351$194$18
44 years$1,711$1,021$585$324$176$15
45 years$1,654$974$549$300$160$13
46 years$1,600$929$516$277$145$11
47 years$1,548$886$485$256$132$9
48 years$1,499$846$455$236$120$8
49 years$1,451$808$428$218$109$7
50 years$1,406$772$402$202$99$6

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 $4,685 every year, while hoping to spend $48,330 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: 75/12/13 Blend
29$1,440,000$1,440,000$1,440,000$1,440,000
30$1,591,713$1,515,393$1,493,073$1,706,491
31$1,702,645$1,538,224$1,491,668$1,805,741
32$1,823,272$1,560,554$1,488,596$1,907,978
33$1,954,532$1,582,308$1,483,751$2,018,697
34$2,097,457$1,603,404$1,477,019$2,138,725
35$2,253,183$1,623,757$1,468,285$2,268,975
36$2,422,960$1,643,272$1,457,424$2,410,452
37$2,608,162$1,661,853$1,444,308$2,564,262
38$2,810,303$1,679,393$1,428,801$2,731,626
39$3,031,050$1,695,779$1,410,762$2,913,887
40$3,272,238$1,710,893$1,390,043$3,112,527
41$3,535,885$1,724,606$1,366,489$3,329,179
42$3,824,216$1,736,782$1,339,937$3,565,641
43$4,139,678$1,747,276$1,310,216$3,823,896
44$4,484,967$1,755,934$1,277,150$4,106,129
45$4,863,051$1,762,592$1,240,552$4,414,746
46$5,277,199$1,767,076$1,200,228$4,752,403
47$5,731,011$1,769,201$1,155,973$5,122,024
48$6,228,451$1,768,769$1,107,575$5,526,833
49$6,773,886$1,765,571$1,054,812$5,970,381
50$7,372,125$1,759,386$997,450$6,456,585
51$8,028,463$1,749,978$935,247$6,989,761
52$8,748,736$1,737,097$867,947$7,574,664
53$9,539,371$1,720,478$795,287$8,216,539
54$10,407,445$1,699,840$716,987$8,921,162
55$11,360,757$1,674,884$632,759$9,694,903
56$12,407,897$1,645,297$542,299$10,544,782
57$13,558,329$1,610,742$445,292$11,478,536
58$14,822,476$1,570,866$341,407$12,504,691
59$16,211,824$1,525,294$230,300$13,632,647
60$17,739,025$1,473,629$111,610$14,872,764
61$19,418,020$1,415,450$0$16,236,459
62$21,264,164$1,350,314$0$17,738,405
63$23,294,379$1,277,749$0$19,407,041
64$25,527,305$1,197,259$0$21,242,214
65$27,983,483$1,108,317$0$23,260,834
66$30,685,540$1,010,367$0$25,481,534
67$33,658,412$902,821$0$27,924,846
68$36,929,569$785,059$0$30,613,398
69$40,529,282$656,423$0$33,572,124
70$44,490,901$516,220$0$36,828,503
71$48,851,176$363,718$0$40,412,815
72$53,650,598$198,143$0$44,358,428
73$58,933,784$18,677$0$48,702,115
74$64,749,897$0$0$53,484,400
75$71,153,106$0$0$58,773,120
76$78,203,102$0$0$64,598,842
77$85,965,658$0$0$71,013,459
78$94,513,248$0$0$78,076,872
79$103,925,734$0$0$85,855,084
80$114,291,115$0$0$94,420,827
81$125,706,362$0$0$103,854,244
82$138,278,327$0$0$114,243,648
83$152,124,754$0$0$125,686,353
84$167,375,392$0$0$138,289,595
85$184,173,212$0$0$152,171,540
86$202,675,765$0$0$167,462,399
87$223,056,660$0$0$184,305,662
88$245,507,207$0$0$202,859,443
89$270,238,221$0$0$223,297,979
90$297,482,011$0$0$245,813,273
91$327,494,571$0$0$270,616,903
92$360,557,998$0$0$297,942,019
93$396,983,153$0$0$328,045,545
94$437,112,593$0$0$361,210,605
95$481,323,807$0$0$397,749,190
96$530,032,774$0$0$438,005,107
97$583,697,896$0$0$482,357,220
98$642,824,316$0$0$531,223,029
99$707,968,692$0$0$585,062,611
100$779,744,447$0$0$644,382,957