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%12.9%
1 years$122,217$121,128$120,066$119,030$118,017$116,591
2 years$60,503$59,377$58,285$57,226$56,199$54,763
3 years$39,935$38,803$37,714$36,665$35,655$34,255
4 years$29,653$28,525$27,446$26,415$25,429$24,076
5 years$23,485$22,364$21,299$20,289$19,331$18,027
6 years$19,375$18,262$17,213$16,226$15,296$14,044
7 years$16,440$15,336$14,304$13,340$12,440$11,240
8 years$14,239$13,146$12,131$11,191$10,320$9,173
9 years$12,529$11,446$10,448$9,532$8,691$7,595
10 years$11,162$10,089$9,109$8,217$7,405$6,360
11 years$10,044$8,982$8,020$7,151$6,369$5,374
12 years$9,112$8,061$7,117$6,272$5,519$4,573
13 years$8,325$7,285$6,359$5,537$4,813$3,915
14 years$7,651$6,622$5,713$4,916$4,219$3,367
15 years$7,067$6,049$5,158$4,384$3,714$2,908
16 years$6,557$5,550$4,677$3,925$3,283$2,520
17 years$6,107$5,111$4,256$3,527$2,911$2,190
18 years$5,708$4,723$3,885$3,178$2,588$1,908
19 years$5,351$4,377$3,556$2,872$2,307$1,666
20 years$5,030$4,068$3,264$2,601$2,061$1,457
21 years$4,740$3,789$3,002$2,361$1,844$1,277
22 years$4,477$3,537$2,767$2,146$1,653$1,120
23 years$4,237$3,308$2,555$1,955$1,484$984
24 years$4,017$3,099$2,363$1,783$1,334$865
25 years$3,816$2,909$2,188$1,628$1,200$761
26 years$3,630$2,734$2,030$1,489$1,081$670
27 years$3,458$2,573$1,885$1,363$975$591
28 years$3,299$2,424$1,752$1,248$879$521
29 years$3,151$2,287$1,630$1,145$794$459
30 years$3,013$2,160$1,519$1,051$717$405
31 years$2,884$2,042$1,416$965$649$358
32 years$2,763$1,932$1,321$887$587$316
33 years$2,650$1,829$1,233$816$531$279
34 years$2,544$1,734$1,152$750$481$247
35 years$2,445$1,645$1,077$691$435$218
36 years$2,351$1,561$1,008$636$395$193
37 years$2,262$1,483$943$586$358$171
38 years$2,178$1,409$883$540$324$151
39 years$2,099$1,340$828$498$294$134
40 years$2,023$1,275$776$459$267$118
41 years$1,952$1,213$727$424$242$105
42 years$1,884$1,156$682$391$220$93
43 years$1,820$1,101$640$361$199$82
44 years$1,758$1,050$601$333$181$73
45 years$1,700$1,001$564$308$164$64
46 years$1,644$955$530$284$149$57
47 years$1,591$911$498$263$135$50
48 years$1,540$870$468$243$123$45
49 years$1,492$831$440$224$112$39
50 years$1,445$793$414$207$101$35

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 $2,826 every year, while hoping to spend $39,637 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: 31/40/29 Blend
29$1,480,000$1,480,000$1,480,000$1,480,000
30$1,633,875$1,555,435$1,532,495$1,669,959
31$1,758,357$1,589,478$1,541,660$1,732,263
32$1,894,207$1,623,860$1,549,804$1,795,621
33$2,042,544$1,658,557$1,556,850$1,863,050
34$2,204,598$1,693,541$1,562,719$1,934,935
35$2,381,723$1,728,781$1,567,326$2,011,701
36$2,575,411$1,764,243$1,570,584$2,093,817
37$2,787,304$1,799,892$1,572,400$2,181,801
38$3,019,210$1,835,688$1,572,676$2,276,225
39$3,273,120$1,871,587$1,571,311$2,377,720
40$3,551,226$1,907,542$1,568,197$2,486,984
41$3,855,943$1,943,504$1,563,224$2,604,787
42$4,189,929$1,979,415$1,556,272$2,731,979
43$4,556,113$2,015,218$1,547,218$2,869,498
44$4,957,721$2,050,848$1,535,934$3,018,381
45$5,398,304$2,086,235$1,522,284$3,179,771
46$5,881,776$2,121,306$1,506,125$3,354,933
47$6,412,447$2,155,980$1,487,310$3,545,259
48$6,995,065$2,190,170$1,465,683$3,752,291
49$7,634,858$2,223,786$1,441,080$3,977,725
50$8,337,589$2,256,726$1,413,332$4,223,439
51$9,109,604$2,288,887$1,382,259$4,491,502
52$9,957,893$2,320,152$1,347,675$4,784,199
53$10,890,161$2,350,402$1,309,384$5,104,052
54$11,914,891$2,379,506$1,267,183$5,453,844
55$13,041,433$2,407,324$1,220,856$5,836,646
56$14,280,086$2,433,710$1,170,181$6,255,848
57$15,642,196$2,458,503$1,114,924$6,715,191
58$17,140,267$2,481,537$1,054,841$7,218,799
59$18,788,071$2,502,629$989,675$7,771,229
60$20,600,786$2,521,589$919,161$8,377,503
61$22,595,132$2,538,213$843,019$9,043,165
62$24,789,533$2,552,283$760,957$9,774,330
63$27,204,289$2,563,568$672,672$10,577,745
64$29,861,765$2,571,822$577,846$11,460,853
65$32,786,607$2,576,783$476,146$12,431,864
66$36,005,970$2,578,174$367,225$13,499,833
67$39,549,774$2,575,700$250,723$14,674,752
68$43,450,989$2,569,048$126,260$15,967,637
69$47,745,943$2,557,884$0$17,390,642
70$52,474,665$2,541,856$0$18,959,203
71$57,681,263$2,520,590$0$20,727,894
72$63,414,342$2,493,688$0$22,674,044
73$69,727,456$2,460,731$0$24,815,770
74$76,679,621$2,421,271$0$27,173,044
75$84,335,866$2,374,837$0$29,767,883
76$92,767,848$2,320,927$0$32,624,555
77$102,054,528$2,259,012$0$35,769,810
78$112,282,918$2,188,531$0$39,233,137
79$123,548,895$2,108,889$0$43,047,040
80$135,958,116$2,019,458$0$47,247,348
81$149,627,005$1,919,573$0$51,873,552
82$164,683,858$1,808,530$0$56,969,184
83$181,270,048$1,685,585$0$62,582,229
84$199,541,366$1,549,952$0$68,765,573
85$219,669,484$1,400,798$0$75,577,515
86$241,843,580$1,237,246$0$83,082,309
87$266,272,119$1,058,365$0$91,350,782
88$293,184,825$863,174$0$100,460,997
89$322,834,845$650,637$0$110,498,998
90$355,501,139$419,659$0$121,559,622
91$391,491,116$169,082$0$133,747,399
92$431,143,529$0$0$147,177,540
93$474,831,678$0$0$162,022,061
94$522,966,931$0$0$178,460,044
95$576,002,607$0$0$196,571,920
96$634,438,252$0$0$216,528,339
97$698,824,359$0$0$238,517,354
98$769,767,562$0$0$262,746,198
99$847,936,359$0$0$289,443,236
100$934,067,428$0$0$318,860,125