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%13.1%
1 years$122,217$121,128$120,066$119,030$118,017$116,494
2 years$60,503$59,377$58,285$57,226$56,199$54,666
3 years$39,935$38,803$37,714$36,665$35,655$34,161
4 years$29,653$28,525$27,446$26,415$25,429$23,985
5 years$23,485$22,364$21,299$20,289$19,331$17,941
6 years$19,375$18,262$17,213$16,226$15,296$13,962
7 years$16,440$15,336$14,304$13,340$12,440$11,162
8 years$14,239$13,146$12,131$11,191$10,320$9,098
9 years$12,529$11,446$10,448$9,532$8,691$7,525
10 years$11,162$10,089$9,109$8,217$7,405$6,294
11 years$10,044$8,982$8,020$7,151$6,369$5,311
12 years$9,112$8,061$7,117$6,272$5,519$4,514
13 years$8,325$7,285$6,359$5,537$4,813$3,859
14 years$7,651$6,622$5,713$4,916$4,219$3,315
15 years$7,067$6,049$5,158$4,384$3,714$2,859
16 years$6,557$5,550$4,677$3,925$3,283$2,474
17 years$6,107$5,111$4,256$3,527$2,911$2,147
18 years$5,708$4,723$3,885$3,178$2,588$1,868
19 years$5,351$4,377$3,556$2,872$2,307$1,629
20 years$5,030$4,068$3,264$2,601$2,061$1,422
21 years$4,740$3,789$3,002$2,361$1,844$1,244
22 years$4,477$3,537$2,767$2,146$1,653$1,090
23 years$4,237$3,308$2,555$1,955$1,484$956
24 years$4,017$3,099$2,363$1,783$1,334$839
25 years$3,816$2,909$2,188$1,628$1,200$737
26 years$3,630$2,734$2,030$1,489$1,081$648
27 years$3,458$2,573$1,885$1,363$975$570
28 years$3,299$2,424$1,752$1,248$879$502
29 years$3,151$2,287$1,630$1,145$794$442
30 years$3,013$2,160$1,519$1,051$717$390
31 years$2,884$2,042$1,416$965$649$343
32 years$2,763$1,932$1,321$887$587$303
33 years$2,650$1,829$1,233$816$531$267
34 years$2,544$1,734$1,152$750$481$236
35 years$2,445$1,645$1,077$691$435$208
36 years$2,351$1,561$1,008$636$395$184
37 years$2,262$1,483$943$586$358$162
38 years$2,178$1,409$883$540$324$143
39 years$2,099$1,340$828$498$294$127
40 years$2,023$1,275$776$459$267$112
41 years$1,952$1,213$727$424$242$99
42 years$1,884$1,156$682$391$220$87
43 years$1,820$1,101$640$361$199$77
44 years$1,758$1,050$601$333$181$68
45 years$1,700$1,001$564$308$164$60
46 years$1,644$955$530$284$149$53
47 years$1,591$911$498$263$135$47
48 years$1,540$870$468$243$123$42
49 years$1,492$831$440$224$112$37
50 years$1,445$793$414$207$101$32

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 $4,803 every year, while hoping to spend $23,522 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$1,480,000$1,480,000$1,480,000$1,480,000
30$1,635,914$1,557,474$1,534,534$1,709,026
31$1,777,750$1,608,763$1,560,914$1,811,060
32$1,933,265$1,661,777$1,587,389$1,918,879
33$2,103,830$1,716,575$1,613,938$2,035,342
34$2,290,953$1,773,220$1,640,537$2,161,260
35$2,496,297$1,831,775$1,667,162$2,297,521
36$2,721,694$1,892,307$1,693,787$2,445,104
37$2,969,161$1,954,884$1,720,383$2,605,082
38$3,240,920$2,019,578$1,746,920$2,778,639
39$3,539,419$2,086,462$1,773,367$2,967,074
40$3,867,354$2,155,613$1,799,690$3,171,817
41$4,227,696$2,227,111$1,825,852$3,394,442
42$4,623,719$2,301,037$1,851,815$3,636,680
43$5,059,027$2,377,476$1,877,539$3,900,434
44$5,537,592$2,456,517$1,902,982$4,187,800
45$6,063,792$2,538,251$1,928,097$4,501,084
46$6,642,446$2,622,774$1,952,836$4,842,825
47$7,278,868$2,710,182$1,977,148$5,215,816
48$7,978,911$2,800,579$2,000,980$5,623,133
49$8,749,022$2,894,069$2,024,275$6,068,159
50$9,596,306$2,990,763$2,046,973$6,554,622
51$10,528,592$3,090,773$2,069,009$7,086,626
52$11,554,506$3,194,218$2,090,318$7,668,687
53$12,683,551$3,301,220$2,110,829$8,305,781
54$13,926,198$3,411,905$2,130,467$9,003,384
55$15,293,987$3,526,405$2,149,154$9,767,528
56$16,799,631$3,644,856$2,166,808$10,604,856
57$18,457,138$3,767,399$2,183,341$11,522,683
58$20,281,946$3,894,181$2,198,663$12,529,066
59$22,291,062$4,025,354$2,212,676$13,632,879
60$24,503,230$4,161,076$2,225,280$14,843,896
61$26,939,101$4,301,510$2,236,369$16,172,880
62$29,621,432$4,446,827$2,245,830$17,631,691
63$32,575,299$4,597,202$2,253,546$19,233,389
64$35,828,333$4,752,818$2,259,393$20,992,363
65$39,410,983$4,913,866$2,263,243$22,924,461
66$43,356,800$5,080,543$2,264,958$25,047,143
67$47,702,757$5,253,052$2,264,397$27,379,644
68$52,489,593$5,431,607$2,261,410$29,943,153
69$57,762,202$5,616,427$2,255,838$32,761,012
70$63,570,057$5,807,741$2,247,518$35,858,941
71$69,967,669$6,005,788$2,236,277$39,265,270
72$77,015,113$6,210,812$2,221,933$43,011,217
73$84,778,584$6,423,072$2,204,298$47,131,173
74$93,331,029$6,642,831$2,183,171$51,663,028
75$102,752,831$6,870,368$2,158,345$56,648,529
76$113,132,572$7,105,968$2,129,601$62,133,675
77$124,567,863$7,349,929$2,096,712$68,169,144
78$137,166,271$7,602,561$2,059,437$74,810,775
79$151,046,329$7,864,186$2,017,527$82,120,093
80$166,338,661$8,135,136$1,970,720$90,164,889
81$183,187,206$8,415,760$1,918,741$99,019,857
82$201,750,586$8,706,417$1,861,304$108,767,301
83$222,203,597$9,007,483$1,798,109$119,497,905
84$244,738,860$9,319,346$1,728,842$131,311,594
85$269,568,641$9,642,411$1,653,175$144,318,474
86$296,926,852$9,977,098$1,570,766$158,639,867
87$327,071,259$10,323,845$1,481,255$174,409,458
88$360,285,919$10,683,105$1,384,269$191,774,554
89$396,883,856$11,055,350$1,279,415$210,897,474
90$437,210,019$11,441,072$1,166,285$231,957,080
91$481,644,537$11,840,781$1,044,452$255,150,460
92$530,606,308$12,255,007$913,469$280,694,794
93$584,556,951$12,684,301$772,869$308,829,393
94$644,005,166$13,129,239$622,167$339,817,967
95$709,511,537$13,590,415$460,854$373,951,102
96$781,693,820$14,068,452$288,398$411,549,009
97$861,232,777$14,563,993$104,247$452,964,541
98$948,878,603$15,077,711$0$498,586,524
99$1,045,458,005$15,610,304$0$548,851,299
100$1,151,882,011$16,162,498$0$604,233,147