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%13.3%
1 years$121,391$120,310$119,255$118,225$117,220$115,611
2 years$60,095$58,975$57,891$56,839$55,819$54,201
3 years$39,665$38,541$37,459$36,417$35,414$33,837
4 years$29,452$28,332$27,261$26,237$25,257$23,734
5 years$23,326$22,212$21,155$20,152$19,200$17,735
6 years$19,244$18,138$17,097$16,116$15,193$13,786
7 years$16,329$15,232$14,207$13,250$12,356$11,009
8 years$14,143$13,057$12,049$11,115$10,250$8,964
9 years$12,444$11,368$10,378$9,467$8,632$7,405
10 years$11,086$10,021$9,048$8,161$7,355$6,186
11 years$9,976$8,921$7,965$7,103$6,326$5,213
12 years$9,051$8,007$7,069$6,230$5,482$4,425
13 years$8,269$7,236$6,316$5,500$4,780$3,778
14 years$7,599$6,577$5,675$4,882$4,190$3,241
15 years$7,020$6,008$5,124$4,354$3,689$2,792
16 years$6,513$5,513$4,645$3,899$3,261$2,413
17 years$6,066$5,077$4,227$3,503$2,891$2,091
18 years$5,669$4,691$3,859$3,157$2,571$1,816
19 years$5,315$4,348$3,532$2,852$2,291$1,581
20 years$4,996$4,040$3,242$2,583$2,047$1,379
21 years$4,708$3,763$2,982$2,345$1,831$1,204
22 years$4,447$3,513$2,748$2,132$1,642$1,053
23 years$4,208$3,286$2,538$1,942$1,474$922
24 years$3,990$3,078$2,347$1,771$1,325$808
25 years$3,790$2,889$2,174$1,617$1,192$709
26 years$3,605$2,715$2,016$1,479$1,074$622
27 years$3,435$2,555$1,872$1,353$968$547
28 years$3,276$2,408$1,740$1,240$873$481
29 years$3,129$2,271$1,619$1,137$789$423
30 years$2,992$2,145$1,508$1,044$713$372
31 years$2,864$2,028$1,406$958$644$327
32 years$2,745$1,919$1,312$881$583$288
33 years$2,633$1,817$1,225$810$527$254
34 years$2,527$1,722$1,145$745$478$224
35 years$2,428$1,633$1,070$686$433$197
36 years$2,335$1,550$1,001$632$392$174
37 years$2,247$1,473$937$582$355$153
38 years$2,163$1,399$877$537$322$135
39 years$2,084$1,331$822$495$292$119
40 years$2,010$1,266$771$456$265$105
41 years$1,939$1,205$723$421$240$92
42 years$1,872$1,148$678$389$218$82
43 years$1,808$1,094$636$359$198$72
44 years$1,747$1,042$597$331$180$63
45 years$1,689$994$561$306$163$56
46 years$1,633$948$526$283$148$49
47 years$1,580$905$495$261$134$44
48 years$1,530$864$465$241$122$38
49 years$1,481$825$437$223$111$34
50 years$1,435$788$411$206$101$30

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 $6,197 every year, while hoping to spend $51,403 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: 42/40/18 Blend
29$1,470,000$1,470,000$1,470,000$1,470,000
30$1,626,332$1,548,422$1,525,637$1,685,826
31$1,737,526$1,569,602$1,522,054$1,749,694
32$1,858,338$1,590,098$1,516,627$1,813,319
33$1,989,696$1,609,820$1,509,242$1,881,140
34$2,132,620$1,628,676$1,499,776$1,953,568
35$2,288,231$1,646,565$1,488,103$2,031,055
36$2,457,764$1,663,380$1,474,088$2,114,103
37$2,642,578$1,679,008$1,457,591$2,203,269
38$2,844,167$1,693,326$1,438,467$2,299,165
39$3,064,178$1,706,205$1,416,562$2,402,470
40$3,304,423$1,717,507$1,391,715$2,513,936
41$3,566,894$1,727,085$1,363,758$2,634,393
42$3,853,789$1,734,784$1,332,515$2,764,758
43$4,167,523$1,740,436$1,297,802$2,906,047
44$4,510,759$1,743,866$1,259,427$3,059,381
45$4,886,427$1,744,885$1,217,188$3,226,002
46$5,297,753$1,743,295$1,170,874$3,407,279
47$5,748,291$1,738,884$1,120,266$3,604,728
48$6,241,954$1,731,427$1,065,132$3,820,024
49$6,783,052$1,720,685$1,005,233$4,055,015
50$7,376,331$1,706,407$940,316$4,311,747
51$8,027,019$1,688,323$870,119$4,592,477
52$8,740,874$1,666,149$794,366$4,899,701
53$9,524,237$1,639,585$712,772$5,236,174
54$10,384,095$1,608,311$625,036$5,604,939
55$11,328,143$1,571,988$530,844$6,009,360
56$12,364,857$1,530,259$429,871$6,453,147
57$13,503,575$1,482,744$321,774$6,940,401
58$14,754,583$1,429,042$206,197$7,475,648
59$16,129,215$1,368,729$82,769$8,063,886
60$17,639,952$1,301,355$0$8,710,632
61$19,300,551$1,226,444$0$9,431,380
62$21,126,162$1,143,495$0$10,241,027
63$23,133,479$1,051,975$0$11,131,162
64$25,340,895$951,323$0$12,110,063
65$27,768,673$840,945$0$13,186,857
66$30,439,140$720,212$0$14,371,615
67$33,376,892$588,463$0$15,675,443
68$36,609,034$444,997$0$17,110,590
69$40,165,427$289,073$0$18,690,567
70$44,078,973$119,910$0$20,430,274
71$48,385,926$0$0$22,346,144
72$53,126,232$0$0$24,484,167
73$58,343,904$0$0$26,895,814
74$64,087,442$0$0$29,550,749
75$70,410,282$0$0$32,473,701
76$77,371,309$0$0$35,691,920
77$85,035,404$0$0$39,235,433
78$93,474,063$0$0$43,137,328
79$102,766,063$0$0$47,434,062
80$112,998,214$0$0$52,165,810
81$124,266,169$0$0$57,376,840
82$136,675,332$0$0$63,115,934
83$150,341,852$0$0$69,436,846
84$165,393,715$0$0$76,398,807
85$181,971,953$0$0$84,067,090
86$200,231,975$0$0$92,513,620
87$220,345,035$0$0$101,817,653
88$242,499,843$0$0$112,066,529
89$266,904,349$0$0$123,356,489
90$293,787,705$0$0$135,793,590
91$323,402,425$0$0$149,494,699
92$356,026,770$0$0$164,588,601
93$391,967,373$0$0$181,217,213
94$431,562,133$0$0$199,536,921
95$475,183,402$0$0$219,720,059
96$523,241,501$0$0$241,956,534
97$576,188,593$0$0$266,455,619
98$634,522,946$0$0$293,447,924
99$698,793,641$0$0$323,187,580
100$769,605,752$0$0$355,954,633