Can I retire at age 30 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$123,043$121,947$120,878$119,834$118,815$114,919
2 years$60,912$59,778$58,678$57,612$56,578$52,691
3 years$40,205$39,065$37,969$36,913$35,896$32,138
4 years$29,853$28,717$27,632$26,594$25,601$22,003
5 years$23,644$22,515$21,443$20,426$19,462$16,032
6 years$19,505$18,385$17,329$16,335$15,399$12,140
7 years$16,551$15,440$14,401$13,430$12,524$9,436
8 years$14,336$13,235$12,213$11,266$10,390$7,470
9 years$12,614$11,523$10,519$9,596$8,750$5,995
10 years$11,237$10,157$9,171$8,272$7,455$4,862
11 years$10,111$9,042$8,074$7,199$6,412$3,974
12 years$9,174$8,116$7,165$6,315$5,556$3,269
13 years$8,381$7,334$6,402$5,575$4,845$2,703
14 years$7,703$6,667$5,752$4,949$4,247$2,244
15 years$7,115$6,090$5,193$4,413$3,740$1,869
16 years$6,601$5,588$4,708$3,952$3,305$1,561
17 years$6,148$5,146$4,284$3,551$2,930$1,307
18 years$5,746$4,755$3,911$3,200$2,606$1,096
19 years$5,387$4,407$3,580$2,891$2,322$921
20 years$5,064$4,095$3,286$2,619$2,074$774
21 years$4,772$3,815$3,022$2,377$1,856$652
22 years$4,507$3,561$2,786$2,161$1,664$549
23 years$4,266$3,330$2,572$1,968$1,494$463
24 years$4,045$3,120$2,379$1,795$1,343$391
25 years$3,841$2,928$2,203$1,639$1,208$330
26 years$3,654$2,752$2,043$1,499$1,088$279
27 years$3,481$2,590$1,897$1,372$981$236
28 years$3,321$2,441$1,764$1,257$885$199
29 years$3,172$2,302$1,641$1,153$799$168
30 years$3,033$2,174$1,529$1,058$722$142
31 years$2,903$2,055$1,425$972$653$120
32 years$2,782$1,945$1,330$893$591$102
33 years$2,668$1,842$1,242$821$535$86
34 years$2,562$1,746$1,160$755$484$73
35 years$2,461$1,656$1,085$695$438$62
36 years$2,366$1,572$1,015$640$397$52
37 years$2,277$1,493$950$590$360$44
38 years$2,193$1,418$889$544$326$37
39 years$2,113$1,349$833$502$296$32
40 years$2,037$1,283$781$463$268$27
41 years$1,965$1,222$732$427$244$23
42 years$1,897$1,163$687$394$221$19
43 years$1,832$1,108$645$364$201$16
44 years$1,770$1,057$605$336$182$14
45 years$1,711$1,008$568$310$165$12
46 years$1,655$961$534$286$150$10
47 years$1,602$917$501$265$136$8
48 years$1,551$876$471$244$124$7
49 years$1,502$836$443$226$112$6
50 years$1,455$799$416$209$102$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,490,000, adding $6,167 every year, while hoping to spend $35,432 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: 41/29/30 Blend
29$1,490,000$1,490,000$1,490,000$1,490,000
30$1,648,341$1,569,371$1,546,276$1,701,175
31$1,778,773$1,608,571$1,560,377$1,779,315
32$1,921,321$1,648,504$1,573,763$1,860,097
33$2,077,183$1,689,169$1,586,372$1,946,880
34$2,247,681$1,730,563$1,598,140$2,040,239
35$2,434,266$1,772,682$1,608,999$2,140,808
36$2,638,538$1,815,520$1,618,878$2,249,285
37$2,862,259$1,859,071$1,627,700$2,366,443
38$3,107,369$1,903,325$1,635,388$2,493,129
39$3,376,005$1,948,272$1,641,858$2,630,281
40$3,670,520$1,993,900$1,647,022$2,778,931
41$3,993,505$2,040,194$1,650,790$2,940,217
42$4,347,816$2,087,136$1,653,065$3,115,395
43$4,736,596$2,134,709$1,653,745$3,305,847
44$5,163,309$2,182,890$1,652,726$3,513,099
45$5,631,769$2,231,654$1,649,895$3,738,833
46$6,146,178$2,280,974$1,645,135$3,984,903
47$6,711,167$2,330,820$1,638,326$4,253,353
48$7,331,834$2,381,158$1,629,338$4,546,438
49$8,013,797$2,431,951$1,618,037$4,866,643
50$8,763,245$2,483,157$1,604,281$5,216,709
51$9,586,996$2,534,732$1,587,925$5,599,656
52$10,492,561$2,586,626$1,568,812$6,018,815
53$11,488,216$2,638,784$1,546,781$6,477,859
54$12,583,079$2,691,149$1,521,663$6,980,837
55$13,787,194$2,743,657$1,493,280$7,532,213
56$15,111,629$2,796,237$1,461,446$8,136,910
57$16,568,578$2,848,815$1,425,967$8,800,354
58$18,171,476$2,901,310$1,386,640$9,528,527
59$19,935,126$2,953,634$1,343,252$10,328,025
60$21,875,838$3,005,691$1,295,580$11,206,121
61$24,011,584$3,057,381$1,243,392$12,170,830
62$26,362,165$3,108,591$1,186,445$13,230,991
63$28,949,399$3,159,206$1,124,484$14,396,347
64$31,797,327$3,209,096$1,057,244$15,677,639
65$34,932,439$3,258,127$984,446$17,086,708
66$38,383,924$3,306,151$905,802$18,636,609
67$42,183,944$3,353,013$821,006$20,341,731
68$46,367,940$3,398,543$729,743$22,217,938
69$50,974,962$3,442,564$631,681$24,282,717
70$56,048,041$3,484,882$526,475$26,555,346
71$61,634,593$3,525,294$413,764$29,057,072
72$67,786,868$3,563,579$293,172$31,811,322
73$74,562,439$3,599,506$164,304$34,843,914
74$82,024,750$3,632,824$26,750$38,183,311
75$90,243,711$3,663,268$0$41,860,887
76$99,296,357$3,690,556$0$45,949,649
77$109,267,579$3,714,387$0$50,460,926
78$120,250,919$3,734,439$0$55,428,312
79$132,349,459$3,750,372$0$60,898,277
80$145,676,787$3,761,824$0$66,922,030
81$160,358,075$3,768,409$0$73,556,009
82$176,531,256$3,769,718$0$80,862,408
83$194,348,325$3,765,316$0$88,909,768
84$213,976,778$3,754,740$0$97,773,625
85$235,601,189$3,737,502$0$107,537,223
86$259,424,951$3,713,080$0$118,292,299
87$285,672,199$3,680,924$0$130,139,953
88$314,589,922$3,640,448$0$143,191,600
89$346,450,296$3,591,032$0$157,570,025
90$381,553,253$3,532,019$0$173,410,540
91$420,229,309$3,462,713$0$190,862,266
92$462,842,689$3,382,376$0$210,089,541
93$509,794,758$3,290,227$0$231,273,471
94$561,527,815$3,185,439$0$254,613,642
95$618,529,264$3,067,138$0$280,330,004
96$681,336,218$2,934,397$0$308,664,952
97$750,540,565$2,786,235$0$339,885,613
98$826,794,560$2,621,618$0$374,286,371
99$910,816,976$2,439,448$0$412,191,647
100$1,003,399,894$2,238,567$0$453,958,963