Can I retire at age 30 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$85,882$85,117$84,371$83,642$82,931$80,052
2 years$42,516$41,724$40,957$40,213$39,491$36,620
3 years$28,062$27,267$26,502$25,765$25,055$22,283
4 years$20,837$20,044$19,286$18,562$17,869$15,217
5 years$16,503$15,715$14,967$14,257$13,584$11,058
6 years$13,615$12,832$12,096$11,402$10,748$8,351
7 years$11,552$10,777$10,052$9,374$8,741$6,472
8 years$10,006$9,238$8,524$7,864$7,252$5,109
9 years$8,804$8,043$7,342$6,698$6,107$4,088
10 years$7,843$7,089$6,401$5,774$5,204$3,304
11 years$7,058$6,311$5,635$5,025$4,475$2,692
12 years$6,403$5,665$5,001$4,408$3,878$2,208
13 years$5,850$5,119$4,468$3,891$3,382$1,819
14 years$5,376$4,653$4,015$3,454$2,964$1,505
15 years$4,966$4,251$3,625$3,081$2,610$1,249
16 years$4,608$3,900$3,286$2,758$2,307$1,040
17 years$4,292$3,592$2,991$2,478$2,045$867
18 years$4,011$3,319$2,730$2,233$1,819$724
19 years$3,760$3,076$2,499$2,018$1,621$606
20 years$3,535$2,858$2,294$1,828$1,448$508
21 years$3,331$2,662$2,110$1,659$1,296$426
22 years$3,146$2,485$1,944$1,508$1,161$358
23 years$2,977$2,324$1,795$1,374$1,043$300
24 years$2,823$2,178$1,660$1,253$937$252
25 years$2,681$2,044$1,538$1,144$843$212
26 years$2,551$1,921$1,426$1,046$760$179
27 years$2,430$1,808$1,324$958$685$150
28 years$2,318$1,703$1,231$877$618$127
29 years$2,214$1,607$1,146$805$558$107
30 years$2,117$1,518$1,067$738$504$90
31 years$2,027$1,435$995$678$456$76
32 years$1,942$1,357$928$623$412$64
33 years$1,862$1,286$867$573$373$54
34 years$1,788$1,218$810$527$338$45
35 years$1,718$1,156$757$485$306$38
36 years$1,652$1,097$708$447$277$32
37 years$1,589$1,042$663$412$251$27
38 years$1,530$990$621$380$228$23
39 years$1,475$941$582$350$207$19
40 years$1,422$896$545$323$187$16
41 years$1,372$853$511$298$170$14
42 years$1,324$812$480$275$154$12
43 years$1,279$774$450$254$140$10
44 years$1,236$738$422$234$127$8
45 years$1,195$703$397$216$115$7
46 years$1,155$671$372$200$105$6
47 years$1,118$640$350$185$95$5
48 years$1,082$611$329$171$86$4
49 years$1,048$584$309$158$78$3
50 years$1,015$558$291$146$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,040,000, adding $4,570 every year, while hoping to spend $28,259 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: 30/50/20 Blend
29$1,040,000$1,040,000$1,040,000$1,040,000
30$1,150,794$1,095,674$1,079,554$1,177,986
31$1,238,108$1,119,295$1,085,652$1,222,651
32$1,333,380$1,143,126$1,091,007$1,267,813
33$1,437,393$1,167,147$1,095,564$1,315,801
34$1,551,008$1,191,338$1,099,266$1,366,878
35$1,675,173$1,215,675$1,102,053$1,421,332
36$1,810,929$1,240,133$1,103,861$1,479,481
37$1,959,427$1,264,682$1,104,623$1,541,676
38$2,121,931$1,289,294$1,104,270$1,608,307
39$2,299,834$1,313,935$1,102,729$1,679,799
40$2,494,668$1,338,569$1,099,922$1,756,627
41$2,708,124$1,363,159$1,095,769$1,839,312
42$2,942,061$1,387,662$1,090,186$1,928,429
43$3,198,527$1,412,033$1,083,083$2,024,614
44$3,479,779$1,436,225$1,074,368$2,128,567
45$3,788,301$1,460,184$1,063,943$2,241,064
46$4,126,830$1,483,855$1,051,708$2,362,959
47$4,498,380$1,507,178$1,037,554$2,495,194
48$4,906,274$1,530,088$1,021,371$2,638,811
49$5,354,167$1,552,517$1,003,040$2,794,958
50$5,846,091$1,574,388$982,441$2,964,905
51$6,386,483$1,595,625$959,444$3,150,049
52$6,980,235$1,616,140$933,915$3,351,936
53$7,632,732$1,635,845$905,715$3,572,269
54$8,349,911$1,654,641$874,696$3,812,931
55$9,138,308$1,672,425$840,705$4,075,997
56$10,005,129$1,689,087$803,582$4,363,757
57$10,958,309$1,704,509$763,158$4,678,738
58$12,006,591$1,718,565$719,260$5,023,730
59$13,159,611$1,731,122$671,702$5,401,810
60$14,427,981$1,742,037$620,294$5,816,371
61$15,823,397$1,751,159$564,836$6,271,161
62$17,358,744$1,758,326$505,118$6,770,310
63$19,048,219$1,763,367$440,923$7,318,379
64$20,907,465$1,766,100$372,022$7,920,395
65$22,953,719$1,766,331$298,177$8,581,907
66$25,205,972$1,763,855$219,139$9,309,034
67$27,685,151$1,758,453$134,650$10,108,527
68$30,414,313$1,749,894$44,437$10,987,830
69$33,418,866$1,737,932$0$11,955,157
70$36,726,805$1,722,306$0$13,030,627
71$40,368,979$1,702,739$0$14,224,008
72$44,379,381$1,678,939$0$15,536,889
73$48,795,466$1,650,595$0$16,981,490
74$53,658,507$1,617,378$0$18,571,284
75$59,013,984$1,578,939$0$20,321,123
76$64,912,013$1,534,909$0$22,247,381
77$71,407,816$1,484,898$0$24,368,108
78$78,562,247$1,428,491$0$26,703,206
79$86,442,361$1,365,252$0$29,274,614
80$95,122,050$1,294,718$0$32,106,515
81$104,682,738$1,216,398$0$35,225,573
82$115,214,151$1,129,775$0$38,661,177
83$126,815,162$1,034,301$0$42,445,728
84$139,594,724$929,398$0$46,614,941
85$153,672,901$814,454$0$51,208,188
86$169,181,997$688,822$0$56,268,869
87$186,267,806$551,820$0$61,844,824
88$205,090,989$402,726$0$67,988,789
89$225,828,589$240,778$0$74,758,894
90$248,675,700$65,172$0$82,219,214
91$273,847,314$0$0$90,440,379
92$301,580,343$0$0$99,568,985
93$332,135,860$0$0$109,666,435
94$365,801,561$0$0$120,791,978
95$402,894,481$0$0$133,050,424
96$443,763,985$0$0$146,557,268
97$488,795,067$0$0$161,439,784
98$538,411,986$0$0$177,838,227
99$593,082,265$0$0$195,907,157
100$653,321,108$0$0$215,816,894