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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$123,043$121,947$120,878$119,834$118,815$115,942
2 years$60,912$59,778$58,678$57,612$56,578$53,702
3 years$40,205$39,065$37,969$36,913$35,896$33,105
4 years$29,853$28,717$27,632$26,594$25,601$22,917
5 years$23,644$22,515$21,443$20,426$19,462$16,892
6 years$19,505$18,385$17,329$16,335$15,399$12,947
7 years$16,551$15,440$14,401$13,430$12,524$10,189
8 years$14,336$13,235$12,213$11,266$10,390$8,172
9 years$12,614$11,523$10,519$9,596$8,750$6,647
10 years$11,237$10,157$9,171$8,272$7,455$5,465
11 years$10,111$9,042$8,074$7,199$6,412$4,531
12 years$9,174$8,116$7,165$6,315$5,556$3,782
13 years$8,381$7,334$6,402$5,575$4,845$3,173
14 years$7,703$6,667$5,752$4,949$4,247$2,675
15 years$7,115$6,090$5,193$4,413$3,740$2,263
16 years$6,601$5,588$4,708$3,952$3,305$1,920
17 years$6,148$5,146$4,284$3,551$2,930$1,633
18 years$5,746$4,755$3,911$3,200$2,606$1,392
19 years$5,387$4,407$3,580$2,891$2,322$1,189
20 years$5,064$4,095$3,286$2,619$2,074$1,017
21 years$4,772$3,815$3,022$2,377$1,856$871
22 years$4,507$3,561$2,786$2,161$1,664$747
23 years$4,266$3,330$2,572$1,968$1,494$641
24 years$4,045$3,120$2,379$1,795$1,343$550
25 years$3,841$2,928$2,203$1,639$1,208$473
26 years$3,654$2,752$2,043$1,499$1,088$406
27 years$3,481$2,590$1,897$1,372$981$350
28 years$3,321$2,441$1,764$1,257$885$301
29 years$3,172$2,302$1,641$1,153$799$259
30 years$3,033$2,174$1,529$1,058$722$223
31 years$2,903$2,055$1,425$972$653$192
32 years$2,782$1,945$1,330$893$591$166
33 years$2,668$1,842$1,242$821$535$143
34 years$2,562$1,746$1,160$755$484$123
35 years$2,461$1,656$1,085$695$438$106
36 years$2,366$1,572$1,015$640$397$91
37 years$2,277$1,493$950$590$360$79
38 years$2,193$1,418$889$544$326$68
39 years$2,113$1,349$833$502$296$59
40 years$2,037$1,283$781$463$268$51
41 years$1,965$1,222$732$427$244$44
42 years$1,897$1,163$687$394$221$38
43 years$1,832$1,108$645$364$201$32
44 years$1,770$1,057$605$336$182$28
45 years$1,711$1,008$568$310$165$24
46 years$1,655$961$534$286$150$21
47 years$1,602$917$501$265$136$18
48 years$1,551$876$471$244$124$15
49 years$1,502$836$443$226$112$13
50 years$1,455$799$416$209$102$12

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 $2,619 every year, while hoping to spend $34,375 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: 42/43/15 Blend
29$1,490,000$1,490,000$1,490,000$1,490,000
30$1,644,681$1,565,711$1,542,616$1,706,428
31$1,775,864$1,605,857$1,557,719$1,790,302
32$1,919,276$1,646,817$1,572,176$1,877,474
33$2,076,126$1,688,596$1,585,929$1,971,130
34$2,247,750$1,731,196$1,598,916$2,071,878
35$2,435,615$1,774,619$1,611,075$2,180,389
36$2,641,338$1,818,865$1,622,336$2,297,399
37$2,866,700$1,863,935$1,632,629$2,423,723
38$3,113,660$1,909,824$1,641,879$2,560,256
39$3,384,379$1,956,532$1,650,008$2,707,982
40$3,681,235$2,004,051$1,656,932$2,867,989
41$4,006,847$2,052,375$1,662,565$3,041,471
42$4,364,101$2,101,497$1,666,816$3,229,747
43$4,756,173$2,151,405$1,669,589$3,434,267
44$5,186,566$2,202,086$1,670,784$3,656,632
45$5,659,134$2,253,527$1,670,294$3,898,602
46$6,178,126$2,305,710$1,668,009$4,162,119
47$6,748,221$2,358,616$1,663,813$4,449,321
48$7,374,573$2,412,221$1,657,584$4,762,567
49$8,062,861$2,466,502$1,649,194$5,104,452
50$8,819,340$2,521,428$1,638,510$5,477,839
51$9,650,904$2,576,969$1,625,391$5,885,883
52$10,565,145$2,633,090$1,609,691$6,332,058
53$11,570,429$2,689,750$1,591,254$6,820,195
54$12,675,973$2,746,908$1,569,921$7,354,517
55$13,891,930$2,804,514$1,545,522$7,939,675
56$15,229,490$2,862,519$1,517,880$8,580,798
57$16,700,980$2,920,864$1,486,811$9,283,536
58$18,319,981$2,979,488$1,452,120$10,054,117
59$20,101,459$3,038,322$1,413,606$10,899,408
60$22,061,902$3,097,294$1,371,055$11,826,972
61$24,219,477$3,156,323$1,324,248$12,845,150
62$26,594,205$3,215,324$1,272,951$13,963,131
63$29,208,141$3,274,202$1,216,922$15,191,046
64$32,085,591$3,332,857$1,155,908$16,540,057
65$35,253,334$3,391,180$1,089,644$18,022,472
66$38,740,880$3,449,054$1,017,853$19,651,852
67$42,580,745$3,506,352$940,246$21,443,144
68$46,808,757$3,562,939$856,520$23,412,825
69$51,464,396$3,618,670$766,360$25,579,053
70$56,591,167$3,673,387$669,436$27,961,841
71$62,237,007$3,726,924$565,403$30,583,249
72$68,454,739$3,779,101$453,901$33,467,589
73$75,302,571$3,829,725$334,555$36,641,656
74$82,844,643$3,878,592$206,973$40,134,985
75$91,151,635$3,925,481$70,744$43,980,125
76$100,301,430$3,970,158$0$48,212,955
77$110,379,853$4,012,373$0$52,884,959
78$121,481,477$4,051,857$0$58,040,632
79$133,710,517$4,088,328$0$63,716,745
80$147,181,814$4,121,480$0$69,966,315
81$162,021,917$4,150,991$0$76,847,766
82$178,370,279$4,176,515$0$84,425,487
83$196,380,570$4,197,688$0$92,770,439
84$216,222,132$4,214,118$0$101,960,821
85$238,081,572$4,225,392$0$112,082,816
86$262,164,525$4,231,069$0$123,231,401
87$288,697,596$4,230,681$0$135,511,247
88$317,930,497$4,223,731$0$149,037,705
89$350,138,406$4,209,692$0$163,937,899
90$385,624,559$4,188,003$0$180,351,928
91$424,723,120$4,158,070$0$198,434,186
92$467,802,326$4,119,264$0$218,354,824
93$515,267,971$4,070,916$0$240,301,357
94$567,567,231$4,012,318$0$264,480,436
95$625,192,886$3,942,719$0$291,119,800
96$688,687,973$3,861,324$0$320,470,430
97$758,650,909$3,767,292$0$352,808,915
98$835,741,142$3,659,730$0$388,440,073
99$920,685,377$3,537,694$0$427,699,823
100$1,014,284,430$3,400,186$0$470,958,366