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%17.2%
1 years$121,391$120,310$119,255$118,225$117,220$113,787
2 years$60,095$58,975$57,891$56,839$55,819$52,388
3 years$39,665$38,541$37,459$36,417$35,414$32,093
4 years$29,452$28,332$27,261$26,237$25,257$22,071
5 years$23,326$22,212$21,155$20,152$19,200$16,158
6 years$19,244$18,138$17,097$16,116$15,193$12,297
7 years$16,329$15,232$14,207$13,250$12,356$9,606
8 years$14,143$13,057$12,049$11,115$10,250$7,646
9 years$12,444$11,368$10,378$9,467$8,632$6,170
10 years$11,086$10,021$9,048$8,161$7,355$5,032
11 years$9,976$8,921$7,965$7,103$6,326$4,137
12 years$9,051$8,007$7,069$6,230$5,482$3,424
13 years$8,269$7,236$6,316$5,500$4,780$2,848
14 years$7,599$6,577$5,675$4,882$4,190$2,379
15 years$7,020$6,008$5,124$4,354$3,689$1,995
16 years$6,513$5,513$4,645$3,899$3,261$1,677
17 years$6,066$5,077$4,227$3,503$2,891$1,413
18 years$5,669$4,691$3,859$3,157$2,571$1,193
19 years$5,315$4,348$3,532$2,852$2,291$1,009
20 years$4,996$4,040$3,242$2,583$2,047$854
21 years$4,708$3,763$2,982$2,345$1,831$724
22 years$4,447$3,513$2,748$2,132$1,642$615
23 years$4,208$3,286$2,538$1,942$1,474$522
24 years$3,990$3,078$2,347$1,771$1,325$444
25 years$3,790$2,889$2,174$1,617$1,192$377
26 years$3,605$2,715$2,016$1,479$1,074$321
27 years$3,435$2,555$1,872$1,353$968$273
28 years$3,276$2,408$1,740$1,240$873$233
29 years$3,129$2,271$1,619$1,137$789$198
30 years$2,992$2,145$1,508$1,044$713$169
31 years$2,864$2,028$1,406$958$644$144
32 years$2,745$1,919$1,312$881$583$123
33 years$2,633$1,817$1,225$810$527$105
34 years$2,527$1,722$1,145$745$478$89
35 years$2,428$1,633$1,070$686$433$76
36 years$2,335$1,550$1,001$632$392$65
37 years$2,247$1,473$937$582$355$55
38 years$2,163$1,399$877$537$322$47
39 years$2,084$1,331$822$495$292$40
40 years$2,010$1,266$771$456$265$34
41 years$1,939$1,205$723$421$240$29
42 years$1,872$1,148$678$389$218$25
43 years$1,808$1,094$636$359$198$21
44 years$1,747$1,042$597$331$180$18
45 years$1,689$994$561$306$163$15
46 years$1,633$948$526$283$148$13
47 years$1,580$905$495$261$134$11
48 years$1,530$864$465$241$122$10
49 years$1,481$825$437$223$111$8
50 years$1,435$788$411$206$101$7

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 $5,078 every year, while hoping to spend $54,664 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: 47/45/8 Blend
29$1,470,000$1,470,000$1,470,000$1,470,000
30$1,625,178$1,547,268$1,524,483$1,697,796
31$1,732,784$1,564,922$1,517,391$1,765,884
32$1,849,534$1,581,609$1,508,229$1,833,606
33$1,976,302$1,597,224$1,496,871$1,905,834
34$2,114,052$1,611,654$1,483,183$1,983,002
35$2,263,841$1,624,781$1,467,026$2,065,590
36$2,426,835$1,636,478$1,448,253$2,154,131
37$2,604,314$1,646,607$1,426,712$2,249,211
38$2,797,690$1,655,027$1,402,242$2,351,480
39$3,008,513$1,661,582$1,374,676$2,461,654
40$3,238,493$1,666,111$1,343,839$2,580,529
41$3,489,508$1,668,440$1,309,547$2,708,980
42$3,763,629$1,668,384$1,271,608$2,847,976
43$4,063,133$1,665,749$1,229,821$2,998,590
44$4,390,529$1,660,326$1,183,975$3,162,004
45$4,748,577$1,651,896$1,133,853$3,339,527
46$5,140,317$1,640,225$1,079,222$3,532,604
47$5,569,098$1,625,064$1,019,844$3,742,833
48$6,038,605$1,606,151$955,468$3,971,978
49$6,552,897$1,583,208$885,831$4,221,988
50$7,116,446$1,555,938$810,660$4,495,017
51$7,734,174$1,524,030$729,668$4,793,444
52$8,411,503$1,487,151$642,555$5,119,897
53$9,154,407$1,444,951$549,011$5,477,277
54$9,969,461$1,397,059$448,708$5,868,789
55$10,863,912$1,343,081$341,305$6,297,972
56$11,845,741$1,282,601$226,449$6,768,735
57$12,923,738$1,215,180$103,766$7,285,392
58$14,107,587$1,140,352$0$7,852,708
59$15,407,956$1,057,624$0$8,478,261
60$16,836,597$966,477$0$9,175,141
61$18,406,455$866,360$0$9,940,928
62$20,131,793$756,691$0$10,782,735
63$22,028,325$636,858$0$11,708,408
64$24,113,359$506,209$0$12,726,609
65$26,405,969$364,061$0$13,846,891
66$28,927,166$209,688$0$15,079,796
67$31,700,101$42,326$0$16,436,952
68$34,750,279$0$0$17,931,190
69$38,105,803$0$0$19,645,409
70$41,797,638$0$0$21,554,687
71$45,859,898$0$0$23,655,734
72$50,330,175$0$0$25,968,015
73$55,249,885$0$0$28,512,980
74$60,664,666$0$0$31,314,263
75$66,624,802$0$0$34,397,904
76$73,185,701$0$0$37,792,599
77$80,408,414$0$0$41,529,966
78$88,360,214$0$0$45,644,843
79$97,115,227$0$0$50,175,620
80$106,755,133$0$0$55,164,599
81$117,369,936$0$0$60,658,393
82$129,058,809$0$0$66,708,365
83$141,931,038$0$0$73,371,112
84$156,107,044$0$0$80,709,002
85$171,719,522$0$0$88,790,758
86$188,914,694$0$0$97,692,112
87$207,853,686$0$0$107,496,511
88$228,714,051$0$0$118,295,913
89$251,691,441$0$0$130,191,648
90$277,001,455$0$0$143,295,380
91$304,881,670$0$0$157,730,154
92$335,593,888$0$0$173,631,562
93$369,426,603$0$0$191,149,022
94$406,697,722$0$0$210,447,183
95$447,757,568$0$0$231,707,488
96$492,992,183$0$0$255,129,877
97$542,826,975$0$0$280,934,678
98$597,730,727$0$0$309,364,688
99$658,220,027$0$0$340,687,461
100$724,864,140$0$0$375,197,836