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%19.8%
1 years$118,914$117,855$116,821$115,813$114,828$110,315
2 years$58,868$57,772$56,709$55,679$54,680$50,189
3 years$38,856$37,755$36,695$35,674$34,691$30,363
4 years$28,851$27,754$26,704$25,701$24,742$20,610
5 years$22,850$21,759$20,724$19,741$18,808$14,883
6 years$18,851$17,768$16,748$15,787$14,883$11,165
7 years$15,995$14,922$13,917$12,979$12,103$8,594
8 years$13,855$12,791$11,803$10,888$10,041$6,736
9 years$12,191$11,136$10,166$9,274$8,456$5,350
10 years$10,860$9,816$8,863$7,994$7,205$4,292
11 years$9,772$8,739$7,803$6,958$6,196$3,470
12 years$8,866$7,843$6,925$6,103$5,370$2,822
13 years$8,100$7,088$6,187$5,388$4,683$2,307
14 years$7,444$6,443$5,559$4,783$4,105$1,892
15 years$6,876$5,886$5,019$4,265$3,614$1,557
16 years$6,380$5,400$4,550$3,819$3,194$1,285
17 years$5,942$4,973$4,141$3,431$2,832$1,062
18 years$5,554$4,596$3,780$3,092$2,518$879
19 years$5,206$4,259$3,460$2,794$2,245$729
20 years$4,894$3,958$3,176$2,531$2,005$605
21 years$4,612$3,687$2,921$2,297$1,794$503
22 years$4,356$3,441$2,692$2,088$1,608$418
23 years$4,123$3,218$2,486$1,902$1,444$348
24 years$3,909$3,016$2,299$1,735$1,298$290
25 years$3,713$2,830$2,129$1,584$1,168$241
26 years$3,532$2,660$1,975$1,448$1,052$201
27 years$3,364$2,503$1,834$1,326$948$168
28 years$3,209$2,359$1,705$1,215$856$140
29 years$3,065$2,225$1,586$1,114$773$117
30 years$2,931$2,101$1,478$1,022$698$97
31 years$2,806$1,986$1,378$939$631$81
32 years$2,689$1,880$1,285$863$571$68
33 years$2,579$1,780$1,200$794$517$56
34 years$2,476$1,687$1,121$730$468$47
35 years$2,379$1,600$1,048$672$424$39
36 years$2,287$1,519$981$619$384$33
37 years$2,201$1,442$918$570$348$27
38 years$2,119$1,371$860$526$315$23
39 years$2,042$1,304$805$485$286$19
40 years$1,969$1,240$755$447$259$16
41 years$1,899$1,181$708$412$235$13
42 years$1,833$1,124$664$381$214$11
43 years$1,771$1,071$623$351$194$9
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$6
46 years$1,600$929$516$277$145$5
47 years$1,548$886$485$256$132$4
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

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 $2,058 every year, while hoping to spend $37,052 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: 39/40/21 Blend
29$1,440,000$1,440,000$1,440,000$1,440,000
30$1,589,003$1,512,683$1,490,363$1,640,963
31$1,711,658$1,547,381$1,500,867$1,713,277
32$1,845,582$1,582,538$1,510,481$1,787,755
33$1,991,886$1,618,137$1,519,136$1,867,534
34$2,151,791$1,654,158$1,526,760$1,953,116
35$2,326,644$1,690,582$1,533,277$2,045,052
36$2,517,926$1,727,385$1,538,606$2,143,953
37$2,727,268$1,764,540$1,542,663$2,250,492
38$2,956,468$1,802,021$1,545,360$2,365,409
39$3,207,503$1,839,795$1,546,605$2,489,522
40$3,482,552$1,877,829$1,546,300$2,623,731
41$3,784,014$1,916,085$1,544,343$2,769,030
42$4,114,532$1,954,522$1,540,628$2,926,514
43$4,477,016$1,993,095$1,535,041$3,097,391
44$4,874,672$2,031,757$1,527,465$3,282,994
45$5,311,031$2,070,455$1,517,777$3,484,790
46$5,789,980$2,109,132$1,505,847$3,704,400
47$6,315,806$2,147,727$1,491,540$3,943,610
48$6,893,226$2,186,173$1,474,714$4,204,389
49$7,527,438$2,224,399$1,455,221$4,488,910
50$8,224,170$2,262,328$1,432,904$4,799,567
51$8,989,731$2,299,877$1,407,601$5,139,002
52$9,831,069$2,336,957$1,379,142$5,510,128
53$10,755,842$2,373,471$1,347,347$5,916,156
54$11,772,484$2,409,319$1,312,030$6,360,628
55$12,890,290$2,444,388$1,272,995$6,847,450
56$14,119,499$2,478,561$1,230,039$7,380,929
57$15,471,390$2,511,713$1,182,948$7,965,814
58$16,958,392$2,543,708$1,131,497$8,607,341
59$18,594,200$2,574,401$1,075,454$9,311,285
60$20,393,901$2,603,639$1,014,574$10,084,012
61$22,374,118$2,631,257$948,602$10,932,543
62$24,553,170$2,657,080$877,272$11,864,619
63$26,951,236$2,680,920$800,303$12,888,774
64$29,590,555$2,702,578$717,406$14,014,419
65$32,495,629$2,721,842$628,277$15,251,930
66$35,693,455$2,738,484$532,596$16,612,746
67$39,213,783$2,752,266$430,034$18,109,480
68$43,089,392$2,762,929$320,243$19,756,037
69$47,356,401$2,770,203$202,862$21,567,748
70$52,054,609$2,773,799$77,513$23,561,515
71$57,227,871$2,773,407$0$25,755,972
72$62,924,513$2,768,703$0$28,184,268
73$69,197,784$2,759,340$0$30,875,798
74$76,106,359$2,744,949$0$33,838,239
75$83,714,897$2,725,141$0$37,099,215
76$92,094,645$2,699,501$0$40,689,173
77$101,324,113$2,667,591$0$44,641,669
78$111,489,815$2,628,946$0$48,993,690
79$122,687,084$2,583,072$0$53,786,000
80$135,020,972$2,529,447$0$59,063,529
81$148,607,240$2,467,519$0$64,875,795
82$163,573,453$2,396,702$0$71,277,377
83$180,060,179$2,316,375$0$78,328,427
84$198,222,323$2,225,882$0$86,095,244
85$218,230,579$2,124,530$0$94,650,897
86$240,273,049$2,011,582$0$104,075,919
87$264,557,014$1,886,264$0$114,459,068
88$291,310,891$1,747,752$0$125,898,168
89$320,786,388$1,595,179$0$138,501,032
90$353,260,883$1,427,626$0$152,386,484
91$389,040,036$1,244,123$0$167,685,485
92$428,460,679$1,043,644$0$184,542,366
93$471,893,993$825,107$0$203,116,196
94$519,749,009$587,366$0$223,582,290
95$572,476,474$329,214$0$246,133,859
96$630,573,103$49,373$0$270,983,846
97$694,586,265$0$0$298,366,932
98$765,119,152$0$0$328,653,340
99$842,836,474$0$0$362,049,035
100$928,470,731$0$0$398,847,091