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%14%
1 years$123,043$121,947$120,878$119,834$118,815$116,846
2 years$60,912$59,778$58,678$57,612$56,578$54,601
3 years$40,205$39,065$37,969$36,913$35,896$33,971
4 years$29,853$28,717$27,632$26,594$25,601$23,744
5 years$23,644$22,515$21,443$20,426$19,462$17,677
6 years$19,505$18,385$17,329$16,335$15,399$13,689
7 years$16,551$15,440$14,401$13,430$12,524$10,889
8 years$14,336$13,235$12,213$11,266$10,390$8,830
9 years$12,614$11,523$10,519$9,596$8,750$7,264
10 years$11,237$10,157$9,171$8,272$7,455$6,043
11 years$10,111$9,042$8,074$7,199$6,412$5,070
12 years$9,174$8,116$7,165$6,315$5,556$4,285
13 years$8,381$7,334$6,402$5,575$4,845$3,641
14 years$7,703$6,667$5,752$4,949$4,247$3,109
15 years$7,115$6,090$5,193$4,413$3,740$2,665
16 years$6,601$5,588$4,708$3,952$3,305$2,292
17 years$6,148$5,146$4,284$3,551$2,930$1,977
18 years$5,746$4,755$3,911$3,200$2,606$1,708
19 years$5,387$4,407$3,580$2,891$2,322$1,480
20 years$5,064$4,095$3,286$2,619$2,074$1,284
21 years$4,772$3,815$3,022$2,377$1,856$1,115
22 years$4,507$3,561$2,786$2,161$1,664$970
23 years$4,266$3,330$2,572$1,968$1,494$845
24 years$4,045$3,120$2,379$1,795$1,343$736
25 years$3,841$2,928$2,203$1,639$1,208$642
26 years$3,654$2,752$2,043$1,499$1,088$561
27 years$3,481$2,590$1,897$1,372$981$490
28 years$3,321$2,441$1,764$1,257$885$428
29 years$3,172$2,302$1,641$1,153$799$374
30 years$3,033$2,174$1,529$1,058$722$327
31 years$2,903$2,055$1,425$972$653$287
32 years$2,782$1,945$1,330$893$591$251
33 years$2,668$1,842$1,242$821$535$220
34 years$2,562$1,746$1,160$755$484$192
35 years$2,461$1,656$1,085$695$438$168
36 years$2,366$1,572$1,015$640$397$148
37 years$2,277$1,493$950$590$360$129
38 years$2,193$1,418$889$544$326$113
39 years$2,113$1,349$833$502$296$99
40 years$2,037$1,283$781$463$268$87
41 years$1,965$1,222$732$427$244$76
42 years$1,897$1,163$687$394$221$67
43 years$1,832$1,108$645$364$201$59
44 years$1,770$1,057$605$336$182$51
45 years$1,711$1,008$568$310$165$45
46 years$1,655$961$534$286$150$40
47 years$1,602$917$501$265$136$35
48 years$1,551$876$471$244$124$30
49 years$1,502$836$443$226$112$27
50 years$1,455$799$416$209$102$23

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 $2,233 every year, while hoping to spend $21,864 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: 35/43/22 Blend
29$1,490,000$1,490,000$1,490,000$1,490,000
30$1,644,283$1,565,313$1,542,218$1,690,772
31$1,788,737$1,618,751$1,570,620$1,778,690
32$1,947,192$1,674,073$1,599,239$1,871,315
33$2,121,054$1,731,351$1,628,062$1,970,811
34$2,311,870$1,790,656$1,657,071$2,077,805
35$2,521,345$1,852,062$1,686,247$2,192,984
36$2,751,357$1,915,648$1,715,571$2,317,102
37$3,003,975$1,981,494$1,745,021$2,450,988
38$3,281,477$2,049,684$1,774,576$2,595,555
39$3,586,373$2,120,304$1,804,210$2,751,805
40$3,921,430$2,193,446$1,833,898$2,920,839
41$4,289,694$2,269,202$1,863,612$3,103,868
42$4,694,521$2,347,672$1,893,321$3,302,224
43$5,139,610$2,428,956$1,922,996$3,517,373
44$5,629,035$2,513,160$1,952,601$3,750,926
45$6,167,285$2,600,393$1,982,101$4,004,655
46$6,759,305$2,690,769$2,011,459$4,280,511
47$7,410,545$2,784,407$2,040,633$4,580,639
48$8,127,007$2,881,429$2,069,580$4,907,401
49$8,915,306$2,981,964$2,098,256$5,263,396
50$9,782,732$3,086,145$2,126,612$5,651,485
51$10,737,314$3,194,109$2,154,597$6,074,814
52$11,787,901$3,306,001$2,182,157$6,536,850
53$12,944,242$3,421,971$2,209,234$7,041,408
54$14,217,080$3,542,173$2,235,769$7,592,687
55$15,618,252$3,666,769$2,261,697$8,195,313
56$17,160,801$3,795,928$2,286,952$8,854,375
57$18,859,100$3,929,825$2,311,461$9,575,480
58$20,728,983$4,068,642$2,335,150$10,364,801
59$22,787,901$4,212,567$2,357,940$11,229,137
60$25,055,083$4,361,799$2,379,746$12,175,973
61$27,551,716$4,516,542$2,400,483$13,213,554
62$30,301,147$4,677,009$2,420,055$14,350,961
63$33,329,104$4,843,422$2,438,367$15,598,195
64$36,663,936$5,016,013$2,455,315$16,966,270
65$40,336,881$5,195,021$2,470,792$18,467,320
66$44,382,363$5,380,697$2,484,684$20,114,709
67$48,838,315$5,573,302$2,496,871$21,923,158
68$53,746,536$5,773,107$2,507,229$23,908,883
69$59,153,086$5,980,393$2,515,625$26,089,748
70$65,108,724$6,195,455$2,521,921$28,485,429
71$71,669,380$6,418,598$2,525,972$31,117,606
72$78,896,690$6,650,143$2,527,625$34,010,161
73$86,858,571$6,890,419$2,526,720$37,189,402
74$95,629,869$7,139,773$2,523,088$40,684,315
75$105,293,058$7,398,565$2,516,555$44,526,833
76$115,939,025$7,667,169$2,506,934$48,752,138
77$127,667,921$7,945,976$2,494,032$53,398,991
78$140,590,113$8,235,393$2,477,646$58,510,097
79$154,827,221$8,535,843$2,457,563$64,132,510
80$170,513,266$8,847,768$2,433,560$70,318,068
81$187,795,939$9,171,628$2,405,404$77,123,891
82$206,837,989$9,507,902$2,372,850$84,612,913
83$227,818,765$9,857,090$2,335,641$92,854,475
84$250,935,903$10,219,712$2,293,509$101,924,980
85$276,407,198$10,596,311$2,246,175$111,908,611
86$304,472,654$10,987,452$2,193,343$122,898,128
87$335,396,752$11,393,724$2,134,707$134,995,737
88$369,470,946$11,815,742$2,069,946$148,314,055
89$407,016,416$12,254,147$1,998,722$162,977,175
90$448,387,095$12,709,605$1,920,684$179,121,830
91$493,973,017$13,182,813$1,835,465$196,898,687
92$544,203,991$13,674,498$1,742,679$216,473,763
93$599,553,665$14,185,415$1,641,926$238,029,995
94$660,543,993$14,716,355$1,532,785$261,768,962
95$727,750,164$15,268,140$1,414,817$287,912,785
96$801,806,031$15,841,629$1,287,563$316,706,225
97$883,410,095$16,437,717$1,150,545$348,418,989
98$973,332,098$17,057,339$1,003,262$383,348,275
99$1,072,420,293$17,701,469$845,192$421,821,574
100$1,181,609,445$18,371,124$675,789$464,199,761