Can I retire at age 30 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$87,534$86,754$85,993$85,251$84,526$82,887
2 years$43,334$42,527$41,744$40,986$40,250$38,606
3 years$28,602$27,792$27,011$26,260$25,537$23,938
4 years$21,238$20,430$19,657$18,919$18,213$16,672
5 years$16,820$16,017$15,255$14,532$13,845$12,367
6 years$13,876$13,079$12,328$11,621$10,955$9,541
7 years$11,774$10,984$10,245$9,554$8,909$7,559
8 years$10,199$9,415$8,688$8,015$7,391$6,105
9 years$8,974$8,198$7,483$6,827$6,225$5,002
10 years$7,994$7,226$6,524$5,885$5,304$4,143
11 years$7,193$6,433$5,744$5,122$4,561$3,461
12 years$6,526$5,774$5,097$4,492$3,953$2,911
13 years$5,963$5,218$4,554$3,966$3,447$2,463
14 years$5,480$4,743$4,092$3,521$3,021$2,093
15 years$5,062$4,333$3,695$3,140$2,660$1,785
16 years$4,696$3,975$3,350$2,811$2,351$1,528
17 years$4,374$3,661$3,048$2,526$2,085$1,311
18 years$4,088$3,383$2,782$2,276$1,854$1,127
19 years$3,832$3,135$2,547$2,057$1,652$971
20 years$3,603$2,913$2,338$1,863$1,476$838
21 years$3,395$2,714$2,150$1,691$1,321$725
22 years$3,206$2,533$1,982$1,537$1,184$627
23 years$3,035$2,369$1,830$1,400$1,063$543
24 years$2,877$2,220$1,692$1,277$955$471
25 years$2,733$2,083$1,567$1,166$859$408
26 years$2,600$1,958$1,454$1,066$774$354
27 years$2,477$1,843$1,350$976$698$308
28 years$2,363$1,736$1,255$894$630$268
29 years$2,256$1,638$1,168$820$569$233
30 years$2,158$1,547$1,088$753$514$202
31 years$2,065$1,462$1,014$691$465$176
32 years$1,979$1,384$946$635$420$153
33 years$1,898$1,310$883$584$380$133
34 years$1,822$1,242$825$537$344$116
35 years$1,751$1,178$772$495$312$101
36 years$1,684$1,118$722$456$283$88
37 years$1,620$1,062$676$420$256$77
38 years$1,560$1,009$633$387$232$67
39 years$1,503$960$593$357$211$58
40 years$1,449$913$556$329$191$51
41 years$1,398$869$521$304$173$44
42 years$1,350$828$489$280$157$39
43 years$1,303$789$459$259$143$34
44 years$1,259$752$430$239$130$29
45 years$1,218$717$404$221$118$25
46 years$1,178$684$380$204$107$22
47 years$1,140$653$357$188$97$19
48 years$1,103$623$335$174$88$17
49 years$1,068$595$315$161$80$15
50 years$1,035$568$296$149$73$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,060,000, adding $5,459 every year, while hoping to spend $47,501 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: 56/28/16 Blend
29$1,060,000$1,060,000$1,060,000$1,060,000
30$1,173,751$1,117,571$1,101,141$1,234,254
31$1,242,933$1,121,791$1,087,488$1,280,210
32$1,317,579$1,124,626$1,071,787$1,324,633
33$1,398,197$1,125,958$1,053,917$1,371,945
34$1,485,345$1,125,661$1,033,754$1,422,433
35$1,579,634$1,123,603$1,011,169$1,476,415
36$1,681,738$1,119,641$986,024$1,534,241
37$1,792,398$1,113,626$958,179$1,596,302
38$1,912,427$1,105,398$927,483$1,663,028
39$2,042,722$1,094,789$893,780$1,734,897
40$2,184,266$1,081,621$856,908$1,812,437
41$2,338,143$1,065,702$816,697$1,896,233
42$2,505,544$1,046,832$772,967$1,986,932
43$2,687,782$1,024,799$725,533$2,085,249
44$2,886,297$999,376$674,200$2,191,978
45$3,102,679$970,324$618,765$2,307,993
46$3,338,673$937,392$559,015$2,434,264
47$3,596,205$900,310$494,728$2,571,863
48$3,877,389$858,797$425,673$2,721,974
49$4,184,557$812,552$351,608$2,885,909
50$4,520,274$761,259$272,279$3,065,115
51$4,887,364$704,583$187,422$3,261,193
52$5,288,937$642,169$96,762$3,475,914
53$5,728,416$573,644$12$3,711,232
54$6,209,573$498,611$0$3,969,310
55$6,736,559$416,652$0$4,270,159
56$7,313,946$327,327$0$4,599,940
57$7,946,770$230,167$0$4,961,623
58$8,640,577$124,681$0$5,358,483
59$9,401,473$10,347$0$5,794,138
60$10,236,187$0$0$6,272,576
61$11,152,128$0$0$6,833,135
62$12,157,458$0$0$7,451,999
63$13,261,168$0$0$8,131,526
64$14,473,162$0$0$8,877,827
65$15,804,349$0$0$9,697,633
66$17,266,747$0$0$10,598,358
67$18,873,595$0$0$11,588,172
68$20,639,480$0$0$12,676,073
69$22,580,470$0$0$13,871,976
70$24,714,267$0$0$15,186,804
71$27,060,375$0$0$16,632,591
72$29,640,281$0$0$18,222,595
73$32,477,660$0$0$19,971,425
74$35,598,595$0$0$21,895,173
75$39,031,823$0$0$24,011,574
76$42,809,010$0$0$26,340,166
77$46,965,042$0$0$28,902,475
78$51,538,358$0$0$31,722,222
79$56,571,314$0$0$34,825,541
80$62,110,576$0$0$38,241,229
81$68,207,567$0$0$42,001,018
82$74,918,944$0$0$46,139,869
83$82,307,140$0$0$50,696,308
84$90,440,944$0$0$55,712,784
85$99,396,159$0$0$61,236,072
86$109,256,309$0$0$67,317,713
87$120,113,428$0$0$74,014,503
88$132,068,933$0$0$81,389,022
89$145,234,572$0$0$89,510,231
90$159,733,488$0$0$98,454,118
91$175,701,369$0$0$108,304,418
92$193,287,740$0$0$119,153,400
93$212,657,362$0$0$131,102,739
94$233,991,795$0$0$144,264,475
95$257,491,107$0$0$158,762,069
96$283,375,762$0$0$174,731,571
97$311,888,698$0$0$192,322,898
98$343,297,626$0$0$211,701,255
99$377,897,547$0$0$233,048,689
100$416,013,543$0$0$256,565,810