Can I retire at age 30?

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 $1,000,000

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1%2%3%4%5%6%7%8%9%10%
1 years$82,954$82,579$82,209$81,843$81,482$81,126$80,774$80,425$80,081$79,741
2 years$41,271$40,881$40,497$40,119$39,748$39,381$39,021$38,666$38,316$37,972
3 years$27,377$26,983$26,597$26,218$25,847$25,482$25,125$24,774$24,429$24,091
4 years$20,430$20,036$19,650$19,273$18,905$18,545$18,192$17,848$17,511$17,182
5 years$16,262$15,868$15,484$15,111$14,746$14,391$14,046$13,709$13,381$13,061
6 years$13,484$13,091$12,709$12,339$11,979$11,630$11,292$10,963$10,644$10,335
7 years$11,500$11,108$10,729$10,362$10,008$9,665$9,334$9,013$8,704$8,405
8 years$10,012$9,621$9,245$8,882$8,533$8,197$7,873$7,561$7,261$6,973
9 years$8,855$8,466$8,092$7,734$7,390$7,060$6,743$6,440$6,150$5,872
10 years$7,929$7,542$7,171$6,817$6,478$6,155$5,846$5,552$5,271$5,003
11 years$7,172$6,786$6,419$6,069$5,735$5,419$5,118$4,832$4,560$4,303
12 years$6,541$6,157$5,793$5,447$5,119$4,809$4,515$4,238$3,976$3,729
13 years$6,007$5,625$5,264$4,922$4,600$4,296$4,010$3,742$3,489$3,252
14 years$5,550$5,170$4,811$4,474$4,158$3,860$3,582$3,321$3,078$2,850
15 years$5,153$4,775$4,420$4,087$3,776$3,485$3,214$2,962$2,727$2,510
16 years$4,807$4,430$4,078$3,750$3,444$3,160$2,896$2,652$2,426$2,218
17 years$4,501$4,126$3,778$3,454$3,153$2,875$2,619$2,383$2,166$1,967
18 years$4,229$3,857$3,511$3,191$2,896$2,625$2,376$2,148$1,939$1,749
19 years$3,986$3,615$3,273$2,958$2,668$2,403$2,161$1,940$1,740$1,559
20 years$3,767$3,399$3,059$2,748$2,464$2,205$1,970$1,757$1,565$1,392
21 years$3,570$3,203$2,867$2,560$2,281$2,029$1,800$1,595$1,411$1,246
22 years$3,390$3,025$2,692$2,390$2,116$1,870$1,648$1,450$1,274$1,117
23 years$3,226$2,863$2,533$2,235$1,967$1,726$1,512$1,321$1,152$1,002
24 years$3,075$2,714$2,388$2,094$1,831$1,596$1,388$1,205$1,043$901
25 years$2,937$2,578$2,255$1,965$1,707$1,479$1,277$1,100$945$811
26 years$2,810$2,453$2,132$1,847$1,594$1,371$1,176$1,006$858$730
27 years$2,691$2,336$2,019$1,738$1,490$1,273$1,084$921$780$658
28 years$2,582$2,229$1,915$1,638$1,395$1,184$1,001$844$709$594
29 years$2,480$2,129$1,818$1,545$1,307$1,102$925$774$645$537
30 years$2,385$2,036$1,728$1,459$1,226$1,026$855$710$588$485

Sample Expected Returns by Investment Class

Person retiring at age 30 starting with $1,000,000, adding $2,990 every year, while hoping to spend $69,091 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: 50/30/20 Blend
29$1,000,000$1,000,000$1,000,000$1,000,000
30$1,105,084$1,052,084$1,036,584$1,154,031
31$1,144,290$1,030,124$997,797$1,166,251
32$1,185,180$1,004,772$955,396$1,172,206
33$1,227,852$975,790$909,185$1,177,219
34$1,272,413$942,923$858,962$1,181,226
35$1,318,977$905,904$804,516$1,184,163
36$1,367,669$864,450$745,624$1,185,964
37$1,418,624$818,261$682,055$1,186,560
38$1,471,988$767,019$613,567$1,185,883
39$1,527,917$710,390$539,908$1,183,862
40$1,586,583$648,017$460,814$1,180,424
41$1,648,172$579,528$376,008$1,175,498
42$1,712,885$504,524$285,204$1,169,011
43$1,780,942$422,589$188,101$1,160,890
44$1,852,581$333,279$84,386$1,151,063
45$1,928,061$236,127$0$1,139,457
46$2,007,666$130,640$0$1,131,616
47$2,091,704$16,296$0$1,141,441
48$2,180,510$0$0$1,150,918
49$2,274,450$0$0$1,195,538
50$2,373,926$0$0$1,248,533
51$2,479,374$0$0$1,304,760
52$2,591,272$0$0$1,364,483
53$2,710,142$0$0$1,427,986
54$2,836,555$0$0$1,495,582
55$2,971,137$0$0$1,567,615
56$3,114,572$0$0$1,644,459
57$3,267,609$0$0$1,726,525
58$3,431,069$0$0$1,814,263
59$3,605,853$0$0$1,908,166
60$3,792,946$0$0$2,008,777
61$3,993,430$0$0$2,116,688
62$4,208,492$0$0$2,232,551
63$4,439,434$0$0$2,357,081
64$4,687,685$0$0$2,491,062
65$4,954,814$0$0$2,635,357
66$5,242,543$0$0$2,790,911
67$5,552,763$0$0$2,958,764
68$5,887,554$0$0$3,140,058
69$6,249,199$0$0$3,336,049
70$6,640,206$0$0$3,548,115
71$7,063,334$0$0$3,777,774
72$7,521,615$0$0$4,026,691
73$8,018,382$0$0$4,296,702
74$8,557,300$0$0$4,589,821
75$9,142,401$0$0$4,908,266
76$9,778,118$0$0$5,254,476
77$10,469,329$0$0$5,631,135
78$11,221,399$0$0$6,041,196
79$12,040,233$0$0$6,487,907
80$12,932,326$0$0$6,974,843
81$13,904,829$0$0$7,505,940
82$14,965,609$0$0$8,085,528
83$16,123,328$0$0$8,718,374
84$17,387,517$0$0$9,409,727
85$18,768,671$0$0$10,165,363
86$20,278,344$0$0$10,991,643
87$21,929,254$0$0$11,895,570
88$23,735,406$0$0$12,884,855
89$25,712,220$0$0$13,967,989
90$27,876,678$0$0$15,154,323
91$30,247,477$0$0$16,454,152
92$32,845,210$0$0$17,878,819
93$35,692,555$0$0$19,440,811
94$38,814,489$0$0$21,153,885
95$42,238,522$0$0$23,033,190
96$45,994,951$0$0$25,095,415
97$50,117,152$0$0$27,358,942
98$54,641,885$0$0$29,844,018
99$59,609,643$0$0$32,572,948
100$65,065,032$0$0$35,570,300

Retirement Simulation By Amount