Can I retire at age 30 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$83,405$82,662$81,937$81,230$80,539$77,313
2 years$41,290$40,521$39,775$39,053$38,352$35,142
3 years$27,253$26,481$25,737$25,021$24,332$21,240
4 years$20,236$19,466$18,730$18,027$17,354$14,403
5 years$16,027$15,262$14,535$13,846$13,192$10,389
6 years$13,222$12,462$11,747$11,073$10,438$7,786
7 years$11,219$10,466$9,762$9,104$8,489$5,986
8 years$9,717$8,971$8,279$7,637$7,043$4,686
9 years$8,550$7,811$7,130$6,505$5,931$3,717
10 years$7,617$6,885$6,216$5,607$5,053$2,978
11 years$6,854$6,129$5,473$4,880$4,346$2,405
12 years$6,219$5,501$4,857$4,280$3,766$1,953
13 years$5,681$4,972$4,339$3,779$3,284$1,594
14 years$5,221$4,519$3,899$3,355$2,879$1,306
15 years$4,823$4,128$3,520$2,992$2,535$1,073
16 years$4,475$3,788$3,192$2,679$2,240$884
17 years$4,168$3,488$2,904$2,407$1,986$730
18 years$3,895$3,223$2,651$2,169$1,766$603
19 years$3,652$2,987$2,427$1,960$1,574$500
20 years$3,433$2,776$2,227$1,775$1,406$414
21 years$3,235$2,586$2,049$1,611$1,258$344
22 years$3,055$2,414$1,888$1,465$1,128$285
23 years$2,891$2,257$1,743$1,334$1,013$237
24 years$2,742$2,115$1,612$1,217$910$197
25 years$2,604$1,985$1,493$1,111$819$164
26 years$2,477$1,865$1,385$1,016$738$136
27 years$2,360$1,756$1,286$930$665$113
28 years$2,251$1,654$1,196$852$600$94
29 years$2,150$1,561$1,113$781$542$79
30 years$2,056$1,474$1,036$717$490$65
31 years$1,968$1,393$966$659$443$54
32 years$1,886$1,318$901$605$400$45
33 years$1,809$1,248$842$557$362$38
34 years$1,736$1,183$786$512$328$31
35 years$1,668$1,122$735$471$297$26
36 years$1,604$1,065$688$434$269$22
37 years$1,544$1,012$644$400$244$18
38 years$1,486$962$603$369$221$15
39 years$1,432$914$565$340$201$13
40 years$1,381$870$529$314$182$11
41 years$1,332$828$496$289$165$9
42 years$1,286$789$466$267$150$7
43 years$1,242$751$437$246$136$6
44 years$1,200$716$410$228$123$5
45 years$1,160$683$385$210$112$4
46 years$1,122$652$362$194$102$4
47 years$1,086$622$340$179$92$3
48 years$1,051$594$319$166$84$2
49 years$1,018$567$300$153$76$2
50 years$986$541$282$142$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,010,000, adding $3,798 every year, while hoping to spend $33,345 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: 59/28/13 Blend
29$1,010,000$1,010,000$1,010,000$1,010,000
30$1,116,938$1,063,408$1,047,753$1,179,019
31$1,195,386$1,080,036$1,047,374$1,237,941
32$1,280,719$1,096,361$1,045,864$1,298,102
33$1,373,604$1,112,334$1,043,151$1,362,911
34$1,474,773$1,127,900$1,039,159$1,432,818
35$1,585,035$1,143,002$1,033,806$1,508,321
36$1,705,278$1,157,579$1,027,008$1,589,968
37$1,836,482$1,171,565$1,018,678$1,678,365
38$1,979,722$1,184,891$1,008,722$1,774,178
39$2,136,183$1,197,481$997,045$1,878,144
40$2,307,172$1,209,255$983,544$1,991,074
41$2,494,124$1,220,129$968,113$2,113,863
42$2,698,621$1,230,012$950,641$2,247,497
43$2,922,405$1,238,807$931,012$2,393,066
44$3,167,394$1,246,412$909,104$2,551,770
45$3,435,698$1,252,716$884,790$2,724,932
46$3,729,645$1,257,605$857,935$2,914,013
47$4,051,794$1,260,953$828,402$3,120,623
48$4,404,968$1,262,630$796,043$3,346,538
49$4,792,271$1,262,495$760,708$3,593,716
50$5,217,126$1,260,401$722,235$3,864,317
51$5,683,302$1,256,190$680,459$4,160,723
52$6,194,949$1,249,694$635,205$4,485,560
53$6,756,641$1,240,736$586,291$4,841,726
54$7,373,415$1,229,128$533,528$5,232,415
55$8,050,819$1,214,671$476,717$5,661,148
56$8,794,965$1,197,153$415,650$6,131,811
57$9,612,588$1,176,350$350,110$6,648,687
58$10,511,105$1,152,024$279,872$7,216,499
59$11,498,689$1,123,924$204,699$7,840,455
60$12,584,343$1,091,784$124,344$8,526,298
61$13,777,987$1,055,322$38,550$9,280,360
62$15,090,548$1,014,240$0$10,109,623
63$16,534,068$968,222$0$11,029,137
64$18,121,812$916,934$0$12,046,223
65$19,868,396$860,022$0$13,164,926
66$21,789,923$797,114$0$14,395,607
67$23,904,137$727,815$0$15,749,687
68$26,230,588$651,706$0$17,239,752
69$28,790,815$568,348$0$18,879,680
70$31,608,555$477,273$0$20,684,763
71$34,709,957$377,989$0$22,671,861
72$38,123,839$269,976$0$24,859,556
73$41,881,950$152,685$0$27,268,331
74$46,019,278$25,535$0$29,920,762
75$50,574,372$0$0$32,841,733
76$55,589,711$0$0$36,093,208
77$61,112,103$0$0$39,682,178
78$67,193,124$0$0$43,634,308
79$73,889,608$0$0$47,986,549
80$81,264,181$0$0$52,779,616
81$89,385,853$0$0$58,058,378
82$98,330,666$0$0$63,872,273
83$108,182,415$0$0$70,275,782
84$119,033,435$0$0$77,328,937
85$130,985,477$0$0$85,097,893
86$144,150,662$0$0$93,655,546
87$158,652,543$0$0$103,082,227
88$174,627,269$0$0$113,466,454
89$192,224,871$0$0$124,905,772
90$211,610,674$0$0$137,507,671
91$232,966,864$0$0$151,390,602
92$256,494,200$0$0$166,685,092
93$282,413,913$0$0$183,534,979
94$310,969,792$0$0$202,098,765
95$342,430,485$0$0$222,551,120
96$377,092,034$0$0$245,084,521
97$415,280,671$0$0$269,911,074
98$457,355,895$0$0$297,264,515
99$503,713,863$0$0$327,402,416
100$554,791,137$0$0$360,608,616