Can I retire at age 30 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$121,391$120,310$119,255$118,225$117,220$115,996
2 years$60,095$58,975$57,891$56,839$55,819$54,586
3 years$39,665$38,541$37,459$36,417$35,414$34,211
4 years$29,452$28,332$27,261$26,237$25,257$24,093
5 years$23,326$22,212$21,155$20,152$19,200$18,078
6 years$19,244$18,138$17,097$16,116$15,193$14,114
7 years$16,329$15,232$14,207$13,250$12,356$11,322
8 years$14,143$13,057$12,049$11,115$10,250$9,260
9 years$12,444$11,368$10,378$9,467$8,632$7,686
10 years$11,086$10,021$9,048$8,161$7,355$6,452
11 years$9,976$8,921$7,965$7,103$6,326$5,465
12 years$9,051$8,007$7,069$6,230$5,482$4,662
13 years$8,269$7,236$6,316$5,500$4,780$4,001
14 years$7,599$6,577$5,675$4,882$4,190$3,451
15 years$7,020$6,008$5,124$4,354$3,689$2,988
16 years$6,513$5,513$4,645$3,899$3,261$2,597
17 years$6,066$5,077$4,227$3,503$2,891$2,263
18 years$5,669$4,691$3,859$3,157$2,571$1,978
19 years$5,315$4,348$3,532$2,852$2,291$1,732
20 years$4,996$4,040$3,242$2,583$2,047$1,519
21 years$4,708$3,763$2,982$2,345$1,831$1,335
22 years$4,447$3,513$2,748$2,132$1,642$1,174
23 years$4,208$3,286$2,538$1,942$1,474$1,035
24 years$3,990$3,078$2,347$1,771$1,325$912
25 years$3,790$2,889$2,174$1,617$1,192$805
26 years$3,605$2,715$2,016$1,479$1,074$712
27 years$3,435$2,555$1,872$1,353$968$629
28 years$3,276$2,408$1,740$1,240$873$556
29 years$3,129$2,271$1,619$1,137$789$493
30 years$2,992$2,145$1,508$1,044$713$436
31 years$2,864$2,028$1,406$958$644$386
32 years$2,745$1,919$1,312$881$583$342
33 years$2,633$1,817$1,225$810$527$304
34 years$2,527$1,722$1,145$745$478$269
35 years$2,428$1,633$1,070$686$433$239
36 years$2,335$1,550$1,001$632$392$212
37 years$2,247$1,473$937$582$355$188
38 years$2,163$1,399$877$537$322$167
39 years$2,084$1,331$822$495$292$148
40 years$2,010$1,266$771$456$265$132
41 years$1,939$1,205$723$421$240$117
42 years$1,872$1,148$678$389$218$104
43 years$1,808$1,094$636$359$198$92
44 years$1,747$1,042$597$331$180$82
45 years$1,689$994$561$306$163$73
46 years$1,633$948$526$283$148$65
47 years$1,580$905$495$261$134$57
48 years$1,530$864$465$241$122$51
49 years$1,481$825$437$223$111$45
50 years$1,435$788$411$206$101$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,470,000, adding $5,029 every year, while hoping to spend $56,213 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: 38/42/20 Blend
29$1,470,000$1,470,000$1,470,000$1,470,000
30$1,625,127$1,547,217$1,524,432$1,676,969
31$1,731,080$1,563,221$1,515,691$1,730,874
32$1,845,956$1,578,124$1,504,772$1,783,413
33$1,970,606$1,591,815$1,491,544$1,839,038
34$2,105,966$1,604,172$1,475,869$1,898,057
35$2,253,064$1,615,066$1,457,601$1,960,817
36$2,413,034$1,624,362$1,436,588$2,027,699
37$2,587,121$1,631,913$1,412,670$2,099,128
38$2,776,695$1,637,564$1,385,683$2,175,575
39$2,983,265$1,641,152$1,355,450$2,257,564
40$3,208,490$1,642,501$1,321,790$2,345,676
41$3,454,198$1,641,425$1,284,512$2,440,554
42$3,722,399$1,637,728$1,243,416$2,542,912
43$4,015,307$1,631,199$1,198,293$2,653,541
44$4,335,357$1,621,617$1,148,925$2,773,320
45$4,685,233$1,608,746$1,095,084$2,903,221
46$5,067,888$1,592,336$1,036,530$3,044,321
47$5,486,574$1,572,121$973,015$3,197,813
48$5,944,871$1,547,822$904,278$3,365,020
49$6,446,723$1,519,140$830,046$3,547,406
50$6,996,471$1,485,760$750,035$3,746,591
51$7,598,897$1,447,348$663,947$3,964,369
52$8,259,267$1,403,551$571,472$4,202,726
53$8,983,381$1,353,994$472,285$4,463,859
54$9,777,628$1,298,281$366,048$4,750,199
55$10,649,043$1,235,994$252,407$5,064,435
56$11,605,376$1,166,688$130,994$5,409,540
57$12,655,164$1,089,896$1,422$5,788,804
58$13,807,811$1,005,121$0$6,205,863
59$15,073,675$911,840$0$6,693,942
60$16,464,168$809,498$0$7,230,503
61$17,991,860$697,510$0$7,820,248
62$19,670,599$575,257$0$8,468,703
63$21,515,642$442,087$0$9,181,968
64$23,543,796$297,308$0$9,966,777
65$25,773,580$140,193$0$10,830,561
66$28,225,393$0$0$11,781,525
67$30,921,713$0$0$12,842,601
68$33,887,304$0$0$14,081,128
69$37,149,449$0$0$15,443,734
70$40,738,211$0$0$16,943,005
71$44,686,711$0$0$18,592,809
72$49,031,445$0$0$20,408,423
73$53,812,622$0$0$22,406,683
74$59,074,547$0$0$24,606,138
75$64,866,041$0$0$27,027,229
76$71,240,891$0$0$29,692,475
77$78,258,370$0$0$32,626,693
78$85,983,786$0$0$35,857,227
79$94,489,100$0$0$39,414,208
80$103,853,607$0$0$43,330,837
81$114,164,683$0$0$47,643,698
82$125,518,606$0$0$52,393,103
83$138,021,466$0$0$57,623,476
84$151,790,168$0$0$63,383,763
85$166,953,527$0$0$69,727,906
86$183,653,494$0$0$76,715,338
87$202,046,484$0$0$84,411,558
88$222,304,860$0$0$92,888,736
89$244,618,553$0$0$102,226,404
90$269,196,859$0$0$112,512,198
91$296,270,410$0$0$123,842,693
92$326,093,350$0$0$136,324,307
93$358,945,736$0$0$150,074,310
94$395,136,177$0$0$165,221,928
95$435,004,750$0$0$181,909,565
96$478,926,204$0$0$200,294,143
97$527,313,502$0$0$220,548,587
98$580,621,715$0$0$242,863,454
99$639,352,316$0$0$267,448,733
100$704,057,915$0$0$294,535,826