Can I retire at age 30 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$84,231$83,480$82,748$82,034$81,336$80,121
2 years$41,698$40,922$40,169$39,439$38,732$37,510
3 years$27,523$26,743$25,992$25,269$24,573$23,383
4 years$20,436$19,659$18,916$18,205$17,526$16,376
5 years$16,186$15,413$14,679$13,983$13,323$12,217
6 years$13,353$12,586$11,863$11,182$10,542$9,482
7 years$11,330$10,569$9,858$9,194$8,573$7,559
8 years$9,814$9,060$8,361$7,712$7,112$6,144
9 years$8,635$7,888$7,201$6,569$5,990$5,066
10 years$7,692$6,953$6,278$5,663$5,103$4,225
11 years$6,922$6,190$5,527$4,928$4,389$3,554
12 years$6,280$5,556$4,905$4,323$3,804$3,011
13 years$5,738$5,021$4,382$3,816$3,317$2,566
14 years$5,273$4,564$3,938$3,388$2,907$2,197
15 years$4,871$4,169$3,555$3,021$2,560$1,888
16 years$4,519$3,825$3,223$2,705$2,262$1,628
17 years$4,209$3,523$2,933$2,431$2,006$1,408
18 years$3,934$3,255$2,677$2,190$1,784$1,221
19 years$3,688$3,017$2,451$1,979$1,590$1,060
20 years$3,467$2,803$2,249$1,793$1,420$923
21 years$3,267$2,611$2,069$1,627$1,271$804
22 years$3,085$2,438$1,907$1,479$1,139$702
23 years$2,920$2,280$1,761$1,347$1,023$613
24 years$2,769$2,136$1,628$1,229$919$536
25 years$2,630$2,005$1,508$1,122$827$469
26 years$2,502$1,884$1,399$1,026$745$411
27 years$2,383$1,773$1,299$939$672$360
28 years$2,273$1,671$1,208$860$606$316
29 years$2,171$1,576$1,124$789$547$277
30 years$2,076$1,488$1,047$724$494$243
31 years$1,988$1,407$976$665$447$213
32 years$1,905$1,331$910$611$404$187
33 years$1,827$1,261$850$562$366$165
34 years$1,754$1,195$794$517$331$145
35 years$1,685$1,133$743$476$300$127
36 years$1,620$1,076$695$438$272$112
37 years$1,559$1,022$650$404$246$98
38 years$1,501$971$609$372$223$86
39 years$1,446$923$570$343$203$76
40 years$1,395$879$535$317$184$67
41 years$1,345$836$501$292$167$59
42 years$1,299$796$470$270$151$52
43 years$1,254$759$441$249$137$45
44 years$1,212$723$414$230$125$40
45 years$1,172$690$389$212$113$35
46 years$1,133$658$365$196$103$31
47 years$1,097$628$343$181$93$27
48 years$1,061$599$323$167$85$24
49 years$1,028$572$303$155$77$21
50 years$996$547$285$143$70$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,020,000, adding $2,473 every year, while hoping to spend $45,953 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: 71/22/7 Blend
29$1,020,000$1,020,000$1,020,000$1,020,000
30$1,126,591$1,072,531$1,056,721$1,205,216
31$1,192,610$1,076,191$1,043,227$1,261,140
32$1,263,822$1,078,491$1,027,742$1,316,400
33$1,340,709$1,079,314$1,010,149$1,375,611
34$1,423,801$1,078,540$990,327$1,439,151
35$1,513,677$1,076,037$968,152$1,507,435
36$1,610,977$1,071,667$943,490$1,580,921
37$1,716,403$1,065,286$916,203$1,660,115
38$1,830,727$1,056,736$886,147$1,745,576
39$1,954,799$1,045,854$853,171$1,837,919
40$2,089,552$1,032,464$817,116$1,937,823
41$2,236,014$1,016,383$777,817$2,046,038
42$2,395,316$997,413$735,102$2,163,390
43$2,568,699$975,348$688,789$2,290,791
44$2,757,533$949,967$638,690$2,429,248
45$2,963,323$921,037$584,608$2,579,871
46$3,187,727$888,312$526,337$2,743,884
47$3,432,566$851,531$463,661$2,922,638
48$3,699,850$810,418$396,356$3,117,626
49$3,991,788$764,681$324,186$3,330,490
50$4,310,811$714,012$246,908$3,563,047
51$4,659,598$658,083$164,264$3,817,296
52$5,041,098$596,550$75,987$4,095,448
53$5,458,557$529,048$0$4,399,936
54$5,915,550$455,191$0$4,734,810
55$6,416,013$374,572$0$5,107,819
56$6,964,280$286,760$0$5,516,572
57$7,565,127$191,302$0$5,964,701
58$8,223,811$87,716$0$6,456,209
59$8,946,122$0$0$6,995,508
60$9,738,439$0$0$7,593,399
61$10,607,786$0$0$8,272,770
62$11,561,902$0$0$9,018,439
63$12,609,309$0$0$9,837,075
64$13,759,396$0$0$10,736,023
65$15,022,507$0$0$11,723,373
66$16,410,034$0$0$12,808,040
67$17,934,528$0$0$13,999,842
68$19,609,817$0$0$15,309,598
69$21,451,133$0$0$16,749,225
70$23,475,258$0$0$18,331,852
71$25,700,682$0$0$20,071,945
72$28,147,774$0$0$21,985,440
73$30,838,976$0$0$24,089,896
74$33,799,016$0$0$26,404,657
75$37,055,134$0$0$28,951,037
76$40,637,349$0$0$31,752,522
77$44,578,730$0$0$34,834,985
78$48,915,719$0$0$38,226,936
79$53,688,464$0$0$41,959,787
80$58,941,204$0$0$46,068,151
81$64,722,684$0$0$50,590,165
82$71,086,613$0$0$55,567,851
83$78,092,173$0$0$61,047,511
84$85,804,574$0$0$67,080,167
85$94,295,671$0$0$73,722,037
86$103,644,638$0$0$81,035,067
87$113,938,721$0$0$89,087,519
88$125,274,054$0$0$97,954,607
89$137,756,568$0$0$107,719,213
90$151,502,993$0$0$118,472,665
91$166,641,954$0$0$130,315,602
92$183,315,186$0$0$143,358,918
93$201,678,875$0$0$157,724,813
94$221,905,124$0$0$173,547,943
95$244,183,583$0$0$190,976,691
96$268,723,236$0$0$210,174,567
97$295,754,370$0$0$231,321,751
98$325,530,753$0$0$254,616,793
99$358,332,024$0$0$280,278,487
100$394,466,335$0$0$308,547,933