Can I retire at age 30 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$88,360$87,573$86,805$86,055$85,323$82,924
2 years$43,742$42,928$42,138$41,373$40,630$38,232
3 years$28,872$28,054$27,266$26,508$25,777$23,454
4 years$21,438$20,622$19,843$19,097$18,385$16,155
5 years$16,979$16,168$15,399$14,669$13,976$11,845
6 years$14,007$13,203$12,445$11,731$11,059$9,030
7 years$11,885$11,088$10,341$9,644$8,994$7,066
8 years$10,295$9,504$8,770$8,090$7,461$5,634
9 years$9,058$8,275$7,554$6,891$6,283$4,555
10 years$8,070$7,294$6,586$5,940$5,354$3,721
11 years$7,261$6,493$5,798$5,170$4,604$3,066
12 years$6,588$5,828$5,146$4,535$3,990$2,542
13 years$6,019$5,267$4,597$4,003$3,479$2,119
14 years$5,531$4,788$4,131$3,554$3,050$1,774
15 years$5,109$4,373$3,729$3,169$2,685$1,490
16 years$4,741$4,013$3,381$2,838$2,373$1,255
17 years$4,415$3,695$3,077$2,550$2,104$1,060
18 years$4,127$3,415$2,809$2,298$1,871$897
19 years$3,869$3,165$2,571$2,076$1,668$760
20 years$3,637$2,941$2,360$1,880$1,490$645
21 years$3,427$2,739$2,171$1,707$1,333$548
22 years$3,237$2,557$2,000$1,552$1,195$467
23 years$3,063$2,392$1,847$1,413$1,073$397
24 years$2,904$2,241$1,708$1,289$964$338
25 years$2,759$2,103$1,582$1,177$868$288
26 years$2,624$1,976$1,467$1,076$781$246
27 years$2,500$1,860$1,363$985$705$210
28 years$2,385$1,753$1,267$903$636$179
29 years$2,278$1,653$1,179$828$574$153
30 years$2,178$1,561$1,098$760$519$131
31 years$2,085$1,476$1,024$698$469$112
32 years$1,998$1,397$955$641$424$95
33 years$1,916$1,323$892$590$384$82
34 years$1,840$1,254$833$543$348$70
35 years$1,767$1,189$779$499$315$60
36 years$1,699$1,129$729$460$285$51
37 years$1,635$1,072$682$424$259$44
38 years$1,575$1,019$639$391$234$37
39 years$1,517$969$598$360$213$32
40 years$1,463$922$561$332$193$27
41 years$1,411$877$526$306$175$23
42 years$1,362$835$493$283$159$20
43 years$1,316$796$463$261$144$17
44 years$1,271$759$435$241$131$15
45 years$1,229$724$408$223$119$12
46 years$1,189$690$383$206$108$11
47 years$1,150$659$360$190$98$9
48 years$1,113$629$338$176$89$8
49 years$1,078$600$318$162$81$7
50 years$1,045$574$299$150$73$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,070,000, adding $3,445 every year, while hoping to spend $25,948 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: 58/23/19 Blend
29$1,070,000$1,070,000$1,070,000$1,070,000
30$1,182,694$1,125,984$1,109,399$1,245,171
31$1,275,720$1,153,548$1,118,955$1,315,549
32$1,377,365$1,181,594$1,127,962$1,389,119
33$1,488,481$1,210,117$1,136,373$1,468,742
34$1,610,006$1,239,112$1,144,141$1,555,008
35$1,742,971$1,268,574$1,151,215$1,648,565
36$1,888,515$1,298,494$1,157,541$1,750,127
37$2,047,888$1,328,865$1,163,064$1,860,482
38$2,222,470$1,359,677$1,167,724$1,980,498
39$2,413,779$1,390,918$1,171,459$2,111,129
40$2,623,487$1,422,575$1,174,206$2,253,428
41$2,853,435$1,454,634$1,175,894$2,408,557
42$3,105,652$1,487,078$1,176,453$2,577,793
43$3,382,372$1,519,888$1,175,808$2,762,544
44$3,686,056$1,553,045$1,173,879$2,964,364
45$4,019,414$1,586,524$1,170,584$3,184,964
46$4,385,432$1,620,301$1,165,837$3,426,228
47$4,787,399$1,654,349$1,159,545$3,690,235
48$5,228,938$1,688,637$1,151,614$3,979,274
49$5,714,040$1,723,131$1,141,944$4,295,869
50$6,247,104$1,757,795$1,130,430$4,642,801
51$6,832,972$1,792,591$1,116,963$5,023,135
52$7,476,981$1,827,474$1,101,428$5,440,250
53$8,185,011$1,862,398$1,083,704$5,897,869
54$8,963,540$1,897,314$1,063,666$6,400,095
55$9,819,704$1,932,165$1,041,181$6,951,450
56$10,761,366$1,966,893$1,016,113$7,556,920
57$11,797,189$2,001,435$988,317$8,221,997
58$12,936,719$2,035,721$957,642$8,952,737
59$14,190,471$2,069,678$923,929$9,755,813
60$15,570,033$2,103,227$887,015$10,638,578
61$17,088,173$2,136,281$846,727$11,609,141
62$18,758,958$2,168,751$802,884$12,676,434
63$20,597,889$2,200,536$755,297$13,850,304
64$22,622,044$2,231,533$703,770$15,141,604
65$24,850,243$2,261,629$648,097$16,562,294
66$27,303,222$2,290,703$588,063$18,125,558
67$30,003,830$2,318,627$523,442$19,845,924
68$32,977,244$2,345,262$454,000$21,739,406
69$36,251,206$2,370,464$379,493$23,823,651
70$39,856,286$2,394,074$299,663$26,118,112
71$43,826,170$2,415,925$214,244$28,644,225
72$48,197,974$2,435,841$122,956$31,425,618
73$53,012,601$2,453,631$25,509$34,488,330
74$58,315,121$2,469,093$0$37,861,060
75$64,155,197$2,482,012$0$41,591,349
76$70,587,557$2,492,161$0$45,704,698
77$77,672,507$2,499,296$0$50,234,416
78$85,476,499$2,503,158$0$55,222,915
79$94,072,763$2,503,474$0$60,716,932
80$103,541,992$2,499,951$0$66,767,974
81$113,973,107$2,492,281$0$73,432,800
82$125,464,096$2,480,134$0$80,773,959
83$138,122,936$2,463,163$0$88,860,383
84$152,068,615$2,440,998$0$97,768,034
85$167,432,254$2,413,246$0$107,580,623
86$184,358,341$2,379,493$0$118,390,403
87$203,006,102$2,339,298$0$130,299,035
88$223,550,995$2,292,194$0$143,418,553
89$246,186,372$2,237,688$0$157,872,422
90$271,125,304$2,175,256$0$173,796,698
91$298,602,585$2,104,344$0$191,341,320
92$328,876,959$2,024,367$0$210,671,524
93$362,233,551$1,934,703$0$231,969,401
94$398,986,566$1,834,697$0$255,435,618
95$439,482,253$1,723,654$0$281,291,316
96$484,102,170$1,600,840$0$309,780,194
97$533,266,789$1,465,479$0$341,170,813
98$587,439,465$1,316,751$0$375,759,131
99$647,130,807$1,153,788$0$413,871,301
100$712,903,500$975,675$0$455,866,745