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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$82,579$81,843$81,126$80,425$79,741$78,068
2 years$40,881$40,119$39,381$38,666$37,972$36,294
3 years$26,983$26,218$25,482$24,774$24,091$22,460
4 years$20,036$19,273$18,545$17,848$17,182$15,611
5 years$15,868$15,111$14,391$13,709$13,061$11,556
6 years$13,091$12,339$11,630$10,963$10,335$8,896
7 years$11,108$10,362$9,665$9,013$8,405$7,032
8 years$9,621$8,882$8,197$7,561$6,973$5,666
9 years$8,466$7,734$7,060$6,440$5,872$4,631
10 years$7,542$6,817$6,155$5,552$5,003$3,826
11 years$6,786$6,069$5,419$4,832$4,303$3,189
12 years$6,157$5,447$4,809$4,238$3,729$2,675
13 years$5,625$4,922$4,296$3,742$3,252$2,257
14 years$5,170$4,474$3,860$3,321$2,850$1,913
15 years$4,775$4,087$3,485$2,962$2,510$1,627
16 years$4,430$3,750$3,160$2,652$2,218$1,389
17 years$4,126$3,454$2,875$2,383$1,967$1,188
18 years$3,857$3,191$2,625$2,148$1,749$1,019
19 years$3,615$2,958$2,403$1,940$1,559$875
20 years$3,399$2,748$2,205$1,757$1,392$753
21 years$3,203$2,560$2,029$1,595$1,246$649
22 years$3,025$2,390$1,870$1,450$1,117$560
23 years$2,863$2,235$1,726$1,321$1,002$483
24 years$2,714$2,094$1,596$1,205$901$418
25 years$2,578$1,965$1,479$1,100$811$361
26 years$2,453$1,847$1,371$1,006$730$313
27 years$2,336$1,738$1,273$921$658$271
28 years$2,229$1,638$1,184$844$594$234
29 years$2,129$1,545$1,102$774$537$203
30 years$2,036$1,459$1,026$710$485$176
31 years$1,949$1,380$957$652$438$153
32 years$1,867$1,305$893$599$396$132
33 years$1,791$1,236$833$551$359$115
34 years$1,719$1,172$779$507$325$100
35 years$1,652$1,111$728$467$294$86
36 years$1,588$1,055$681$430$267$75
37 years$1,528$1,002$637$396$242$65
38 years$1,472$952$597$365$219$57
39 years$1,418$905$559$337$199$49
40 years$1,367$861$524$310$180$43
41 years$1,319$820$492$286$163$37
42 years$1,273$781$461$264$148$32
43 years$1,230$744$433$244$135$28
44 years$1,188$709$406$225$122$24
45 years$1,149$676$381$208$111$21
46 years$1,111$645$358$192$101$18
47 years$1,075$616$336$178$91$16
48 years$1,041$588$316$164$83$14
49 years$1,008$561$297$152$75$12
50 years$976$536$279$140$69$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,000,000, adding $3,339 every year, while hoping to spend $55,220 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: 34/42/24 Blend
29$1,000,000$1,000,000$1,000,000$1,000,000
30$1,105,444$1,052,444$1,036,944$1,134,859
31$1,159,446$1,045,260$1,012,928$1,149,908
32$1,217,105$1,035,874$986,257$1,160,877
33$1,278,736$1,024,118$956,783$1,171,600
34$1,344,685$1,009,817$924,353$1,182,090
35$1,415,329$992,784$888,805$1,192,366
36$1,491,083$972,822$849,971$1,202,455
37$1,572,404$949,720$807,674$1,212,391
38$1,659,789$923,257$761,732$1,222,219
39$1,753,789$893,198$711,951$1,231,993
40$1,855,005$859,293$658,131$1,241,780
41$1,964,098$821,281$600,061$1,251,659
42$2,081,794$778,883$537,522$1,261,725
43$2,208,893$731,804$470,284$1,272,091
44$2,346,270$679,733$398,109$1,282,890
45$2,494,891$622,340$320,746$1,294,276
46$2,655,813$559,278$237,935$1,306,427
47$2,830,203$490,180$149,403$1,319,550
48$3,019,340$414,655$54,864$1,333,885
49$3,224,634$332,295$0$1,349,704
50$3,447,633$242,664$0$1,379,106
51$3,690,043$145,305$0$1,426,421
52$3,953,736$39,734$0$1,478,073
53$4,240,776$0$0$1,534,610
54$4,553,433$0$0$1,631,103
55$4,894,205$0$0$1,756,422
56$5,265,838$0$0$1,893,229
57$5,671,360$0$0$2,042,657
58$6,114,100$0$0$2,205,951
59$6,597,724$0$0$2,384,481
60$7,126,266$0$0$2,579,758
61$7,704,171$0$0$2,793,442
62$8,336,329$0$0$3,027,365
63$9,028,127$0$0$3,283,541
64$9,785,496$0$0$3,564,189
65$10,614,965$0$0$3,871,754
66$11,523,728$0$0$4,208,928
67$12,519,705$0$0$4,578,674
68$13,611,620$0$0$4,984,258
69$14,809,079$0$0$5,429,276
70$16,122,664$0$0$5,917,689
71$17,564,032$0$0$6,453,861
72$19,146,020$0$0$7,042,599
73$20,882,770$0$0$7,689,197
74$22,789,860$0$0$8,399,488
75$24,884,451$0$0$9,179,898
76$27,185,446$0$0$10,037,505
77$29,713,669$0$0$10,980,107
78$32,492,064$0$0$12,016,296
79$35,545,904$0$0$13,155,537
80$38,903,035$0$0$14,408,259
81$42,594,134$0$0$15,785,950
82$46,652,999$0$0$17,301,269
83$51,116,868$0$0$18,968,163
84$56,026,767$0$0$20,801,998
85$61,427,899$0$0$22,819,706
86$67,370,068$0$0$25,039,941
87$73,908,149$0$0$27,483,257
88$81,102,604$0$0$30,172,303
89$89,020,051$0$0$33,132,033
90$97,733,896$0$0$36,389,943
91$107,325,017$0$0$39,976,331
92$117,882,533$0$0$43,924,581
93$129,504,643$0$0$48,271,478
94$142,299,548$0$0$53,057,557
95$156,386,474$0$0$58,327,480
96$171,896,797$0$0$64,130,464
97$188,975,277$0$0$70,520,741
98$207,781,431$0$0$77,558,068
99$228,491,029$0$0$85,308,296
100$251,297,756$0$0$93,843,985