Can I retire at age 30 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$122,217$121,128$120,066$119,030$118,017$113,694
2 years$60,503$59,377$58,285$57,226$56,199$51,892
3 years$39,935$38,803$37,714$36,665$35,655$31,499
4 years$29,653$28,525$27,446$26,415$25,429$21,456
5 years$23,485$22,364$21,299$20,289$19,331$15,551
6 years$19,375$18,262$17,213$16,226$15,296$11,712
7 years$16,440$15,336$14,304$13,340$12,440$9,051
8 years$14,239$13,146$12,131$11,191$10,320$7,123
9 years$12,529$11,446$10,448$9,532$8,691$5,682
10 years$11,162$10,089$9,109$8,217$7,405$4,579
11 years$10,044$8,982$8,020$7,151$6,369$3,719
12 years$9,112$8,061$7,117$6,272$5,519$3,039
13 years$8,325$7,285$6,359$5,537$4,813$2,496
14 years$7,651$6,622$5,713$4,916$4,219$2,057
15 years$7,067$6,049$5,158$4,384$3,714$1,702
16 years$6,557$5,550$4,677$3,925$3,283$1,411
17 years$6,107$5,111$4,256$3,527$2,911$1,172
18 years$5,708$4,723$3,885$3,178$2,588$976
19 years$5,351$4,377$3,556$2,872$2,307$814
20 years$5,030$4,068$3,264$2,601$2,061$679
21 years$4,740$3,789$3,002$2,361$1,844$567
22 years$4,477$3,537$2,767$2,146$1,653$474
23 years$4,237$3,308$2,555$1,955$1,484$397
24 years$4,017$3,099$2,363$1,783$1,334$332
25 years$3,816$2,909$2,188$1,628$1,200$278
26 years$3,630$2,734$2,030$1,489$1,081$233
27 years$3,458$2,573$1,885$1,363$975$195
28 years$3,299$2,424$1,752$1,248$879$164
29 years$3,151$2,287$1,630$1,145$794$137
30 years$3,013$2,160$1,519$1,051$717$115
31 years$2,884$2,042$1,416$965$649$97
32 years$2,763$1,932$1,321$887$587$81
33 years$2,650$1,829$1,233$816$531$68
34 years$2,544$1,734$1,152$750$481$57
35 years$2,445$1,645$1,077$691$435$48
36 years$2,351$1,561$1,008$636$395$40
37 years$2,262$1,483$943$586$358$34
38 years$2,178$1,409$883$540$324$28
39 years$2,099$1,340$828$498$294$24
40 years$2,023$1,275$776$459$267$20
41 years$1,952$1,213$727$424$242$17
42 years$1,884$1,156$682$391$220$14
43 years$1,820$1,101$640$361$199$12
44 years$1,758$1,050$601$333$181$10
45 years$1,700$1,001$564$308$164$8
46 years$1,644$955$530$284$149$7
47 years$1,591$911$498$263$135$6
48 years$1,540$870$468$243$123$5
49 years$1,492$831$440$224$112$4
50 years$1,445$793$414$207$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,480,000, adding $2,304 every year, while hoping to spend $42,090 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: 68/6/26 Blend
29$1,480,000$1,480,000$1,480,000$1,480,000
30$1,633,337$1,554,897$1,531,957$1,733,282
31$1,755,153$1,586,303$1,538,494$1,832,120
32$1,887,985$1,617,838$1,543,839$1,935,194
33$2,032,910$1,649,463$1,547,908$2,046,997
34$2,191,117$1,681,136$1,550,613$2,168,393
35$2,363,912$1,712,813$1,551,860$2,300,333
36$2,552,736$1,744,446$1,551,552$2,443,868
37$2,759,172$1,775,981$1,549,587$2,600,153
38$2,984,966$1,807,362$1,545,856$2,770,464
39$3,232,038$1,838,528$1,540,247$2,956,206
40$3,502,503$1,869,414$1,532,643$3,158,929
41$3,798,691$1,899,947$1,522,919$3,380,341
42$4,123,167$1,930,054$1,510,946$3,622,323
43$4,478,754$1,959,651$1,496,587$3,886,952
44$4,868,565$1,988,652$1,479,701$4,176,514
45$5,296,026$2,016,963$1,460,138$4,493,532
46$5,764,910$2,044,483$1,437,742$4,840,785
47$6,279,373$2,071,106$1,412,349$5,221,338
48$6,843,995$2,096,715$1,383,788$5,638,568
49$7,463,818$2,121,190$1,351,881$6,096,199
50$8,144,398$2,144,399$1,316,439$6,598,335
51$8,891,854$2,166,202$1,277,267$7,149,501
52$9,712,928$2,186,450$1,234,160$7,754,684
53$10,615,045$2,204,985$1,186,903$8,419,382
54$11,606,387$2,221,637$1,135,272$9,149,655
55$12,695,968$2,236,226$1,079,032$9,952,182
56$13,893,716$2,248,560$1,017,939$10,834,327
57$15,210,571$2,258,436$951,736$11,804,206
58$16,658,586$2,265,636$880,156$12,870,765
59$18,251,039$2,269,929$802,919$14,043,866
60$20,002,560$2,271,072$719,733$15,334,377
61$21,929,270$2,268,802$630,292$16,754,281
62$24,048,926$2,262,845$534,278$18,316,781
63$26,381,099$2,252,906$431,358$20,036,436
64$28,947,347$2,238,674$321,184$21,929,287
65$31,771,426$2,219,819$203,394$24,013,019
66$34,879,513$2,195,992$77,609$26,307,123
67$38,300,447$2,166,819$0$28,833,082
68$42,066,008$2,131,909$0$31,630,285
69$46,211,212$2,090,844$0$34,733,116
70$50,774,643$2,043,183$0$38,148,908
71$55,798,816$1,988,457$0$41,909,490
72$61,330,576$1,926,173$0$46,049,935
73$67,421,545$1,855,805$0$50,608,890
74$74,128,603$1,776,800$0$55,628,944
75$81,514,428$1,688,571$0$61,157,028
76$89,648,085$1,590,497$0$67,244,856
77$98,605,680$1,481,921$0$73,949,417
78$108,471,074$1,362,150$0$81,333,507
79$119,336,679$1,230,450$0$89,466,330
80$131,304,324$1,086,046$0$98,424,142
81$144,486,221$928,118$0$108,290,978
82$159,006,020$755,801$0$119,159,441
83$174,999,978$568,180$0$131,131,577
84$192,618,244$364,288$0$144,319,839
85$212,026,273$143,106$0$158,848,149
86$233,406,391$0$0$174,853,064
87$256,959,515$0$0$192,491,437
88$282,907,046$0$0$211,933,471
89$311,492,961$0$0$233,352,542
90$342,986,116$0$0$256,950,116
91$377,682,781$0$0$282,948,204
92$415,909,435$0$0$311,591,457
93$458,025,853$0$0$343,149,471
94$504,428,496$0$0$377,919,337
95$555,554,255$0$0$416,228,441
96$611,884,573$0$0$458,437,555
97$673,949,994$0$0$504,944,244
98$742,335,163$0$0$556,186,616
99$817,684,350$0$0$612,647,459
100$900,707,532$0$0$674,858,797