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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$122,217$121,128$120,066$119,030$118,017$117,323
2 years$60,503$59,377$58,285$57,226$56,199$55,498
3 years$39,935$38,803$37,714$36,665$35,655$34,970
4 years$29,653$28,525$27,446$26,415$25,429$24,765
5 years$23,485$22,364$21,299$20,289$19,331$18,689
6 years$19,375$18,262$17,213$16,226$15,296$14,678
7 years$16,440$15,336$14,304$13,340$12,440$11,846
8 years$14,239$13,146$12,131$11,191$10,320$9,750
9 years$12,529$11,446$10,448$9,532$8,691$8,144
10 years$11,162$10,089$9,109$8,217$7,405$6,882
11 years$10,044$8,982$8,020$7,151$6,369$5,869
12 years$9,112$8,061$7,117$6,272$5,519$5,042
13 years$8,325$7,285$6,359$5,537$4,813$4,358
14 years$7,651$6,622$5,713$4,916$4,219$3,786
15 years$7,067$6,049$5,158$4,384$3,714$3,303
16 years$6,557$5,550$4,677$3,925$3,283$2,892
17 years$6,107$5,111$4,256$3,527$2,911$2,539
18 years$5,708$4,723$3,885$3,178$2,588$2,236
19 years$5,351$4,377$3,556$2,872$2,307$1,974
20 years$5,030$4,068$3,264$2,601$2,061$1,745
21 years$4,740$3,789$3,002$2,361$1,844$1,546
22 years$4,477$3,537$2,767$2,146$1,653$1,372
23 years$4,237$3,308$2,555$1,955$1,484$1,218
24 years$4,017$3,099$2,363$1,783$1,334$1,084
25 years$3,816$2,909$2,188$1,628$1,200$965
26 years$3,630$2,734$2,030$1,489$1,081$860
27 years$3,458$2,573$1,885$1,363$975$767
28 years$3,299$2,424$1,752$1,248$879$684
29 years$3,151$2,287$1,630$1,145$794$611
30 years$3,013$2,160$1,519$1,051$717$546
31 years$2,884$2,042$1,416$965$649$488
32 years$2,763$1,932$1,321$887$587$436
33 years$2,650$1,829$1,233$816$531$390
34 years$2,544$1,734$1,152$750$481$349
35 years$2,445$1,645$1,077$691$435$313
36 years$2,351$1,561$1,008$636$395$280
37 years$2,262$1,483$943$586$358$251
38 years$2,178$1,409$883$540$324$225
39 years$2,099$1,340$828$498$294$201
40 years$2,023$1,275$776$459$267$181
41 years$1,952$1,213$727$424$242$162
42 years$1,884$1,156$682$391$220$145
43 years$1,820$1,101$640$361$199$130
44 years$1,758$1,050$601$333$181$117
45 years$1,700$1,001$564$308$164$105
46 years$1,644$955$530$284$149$94
47 years$1,591$911$498$263$135$84
48 years$1,540$870$468$243$123$76
49 years$1,492$831$440$224$112$68
50 years$1,445$793$414$207$101$61

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 $4,654 every year, while hoping to spend $58,217 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: 70/11/19 Blend
29$1,480,000$1,480,000$1,480,000$1,480,000
30$1,635,761$1,557,321$1,534,381$1,742,424
31$1,740,666$1,571,687$1,523,840$1,828,486
32$1,854,320$1,584,806$1,510,995$1,915,313
33$1,977,554$1,596,555$1,495,707$2,008,897
34$2,111,283$1,606,804$1,477,831$2,109,900
35$2,256,510$1,615,414$1,457,214$2,219,051
36$2,414,341$1,622,236$1,433,698$2,337,156
37$2,585,993$1,627,115$1,407,116$2,465,100
38$2,772,803$1,629,882$1,377,293$2,603,864
39$2,976,243$1,630,360$1,344,047$2,754,526
40$3,197,933$1,628,362$1,307,186$2,918,277
41$3,439,657$1,623,686$1,266,511$3,096,430
42$3,703,375$1,616,120$1,221,813$3,290,434
43$3,991,248$1,605,439$1,172,873$3,501,885
44$4,305,654$1,591,404$1,119,462$3,732,545
45$4,649,209$1,573,760$1,061,342$3,984,358
46$5,024,794$1,552,241$998,263$4,259,465
47$5,435,582$1,526,559$929,964$4,560,230
48$5,885,066$1,496,415$856,172$4,889,260
49$6,377,091$1,461,488$776,602$5,249,428
50$6,915,892$1,421,439$690,956$5,643,904
51$7,506,134$1,375,911$598,925$6,076,184
52$8,152,953$1,324,523$500,182$6,550,122
53$8,862,005$1,266,875$394,388$7,069,970
54$9,639,520$1,202,543$281,190$7,640,414
55$10,492,359$1,131,076$160,219$8,266,624
56$11,428,080$1,051,999$31,087$8,954,300
57$12,455,009$964,811$0$9,709,726
58$13,582,314$868,981$0$10,561,468
59$14,820,096$763,948$0$11,503,663
60$16,179,482$649,117$0$12,538,517
61$17,672,730$523,864$0$13,675,412
62$19,313,341$387,526$0$14,924,687
63$21,116,191$239,405$0$16,297,736
64$23,097,668$78,761$0$17,807,115
65$25,275,826$0$0$19,466,660
66$27,670,555$0$0$21,303,140
67$30,303,770$0$0$23,333,081
68$33,199,613$0$0$25,565,572
69$36,384,684$0$0$28,021,131
70$39,888,293$0$0$30,722,365
71$43,742,730$0$0$33,694,182
72$47,983,572$0$0$36,964,026
73$52,650,022$0$0$40,562,135
74$57,785,271$0$0$44,521,825
75$63,436,912$0$0$48,879,808
76$69,657,383$0$0$53,676,534
77$76,504,464$0$0$58,956,571
78$84,041,821$0$0$64,769,030
79$92,339,606$0$0$71,168,026
80$101,475,119$0$0$78,213,184
81$111,533,536$0$0$85,970,208
82$122,608,712$0$0$94,511,496
83$134,804,067$0$0$103,916,824
84$148,233,560$0$0$114,274,097
85$163,022,765$0$0$125,680,182
86$179,310,055$0$0$138,241,816
87$197,247,905$0$0$152,076,618
88$217,004,335$0$0$167,314,195
89$238,764,491$0$0$184,097,367
90$262,732,393$0$0$202,583,511
91$289,132,860$0$0$222,946,051
92$318,213,629$0$0$245,376,089
93$350,247,698$0$0$270,084,211
94$385,535,894$0$0$297,302,475
95$424,409,719$0$0$327,286,596
96$467,234,472$0$0$360,318,364
97$514,412,701$0$0$396,708,302
98$566,388,000$0$0$436,798,593
99$623,649,193$0$0$480,966,314
100$686,734,951$0$0$529,626,993