Can I retire at age 30 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$89,185$88,391$87,616$86,859$86,121$83,331
2 years$44,151$43,329$42,532$41,759$41,010$38,225
3 years$29,142$28,316$27,521$26,756$26,018$23,326
4 years$21,638$20,815$20,028$19,276$18,557$15,978
5 years$17,138$16,319$15,543$14,806$14,106$11,648
6 years$14,138$13,326$12,561$11,840$11,162$8,826
7 years$11,997$11,191$10,438$9,735$9,078$6,863
8 years$10,391$9,593$8,852$8,166$7,531$5,437
9 years$9,143$8,352$7,625$6,956$6,342$4,366
10 years$8,145$7,362$6,647$5,996$5,404$3,543
11 years$7,329$6,554$5,852$5,218$4,647$2,898
12 years$6,650$5,883$5,194$4,577$4,027$2,386
13 years$6,075$5,316$4,640$4,041$3,512$1,974
14 years$5,583$4,832$4,169$3,587$3,078$1,640
15 years$5,157$4,414$3,764$3,199$2,711$1,367
16 years$4,785$4,050$3,413$2,864$2,396$1,142
17 years$4,457$3,730$3,106$2,574$2,124$957
18 years$4,165$3,447$2,835$2,319$1,889$803
19 years$3,905$3,194$2,595$2,096$1,683$675
20 years$3,671$2,968$2,382$1,898$1,504$568
21 years$3,459$2,765$2,191$1,723$1,346$479
22 years$3,267$2,581$2,019$1,566$1,206$404
23 years$3,092$2,414$1,864$1,426$1,083$341
24 years$2,932$2,262$1,724$1,301$973$288
25 years$2,784$2,122$1,597$1,188$876$243
26 years$2,649$1,995$1,481$1,086$789$206
27 years$2,523$1,877$1,375$994$711$174
28 years$2,407$1,769$1,279$911$642$147
29 years$2,299$1,669$1,190$835$579$124
30 years$2,198$1,576$1,108$767$524$105
31 years$2,104$1,490$1,033$704$473$89
32 years$2,017$1,410$964$647$428$76
33 years$1,934$1,335$900$595$387$64
34 years$1,857$1,265$841$548$351$54
35 years$1,784$1,200$786$504$318$46
36 years$1,715$1,139$736$464$288$39
37 years$1,651$1,082$688$428$261$33
38 years$1,589$1,028$645$394$237$28
39 years$1,531$978$604$364$215$24
40 years$1,477$930$566$335$195$20
41 years$1,424$885$531$309$177$17
42 years$1,375$843$498$285$160$14
43 years$1,328$803$467$264$145$12
44 years$1,283$766$439$243$132$10
45 years$1,241$730$412$225$120$9
46 years$1,200$697$387$208$109$7
47 years$1,161$665$363$192$99$6
48 years$1,124$635$341$177$90$5
49 years$1,088$606$321$164$81$5
50 years$1,054$579$302$151$74$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,080,000, adding $3,709 every year, while hoping to spend $20,709 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: 26/50/24 Blend
29$1,080,000$1,080,000$1,080,000$1,080,000
30$1,193,986$1,136,746$1,120,006$1,215,904
31$1,293,738$1,170,412$1,135,492$1,267,512
32$1,402,971$1,205,034$1,150,802$1,320,807
33$1,522,630$1,240,637$1,165,910$1,377,555
34$1,653,756$1,277,245$1,180,785$1,438,059
35$1,797,494$1,314,885$1,195,397$1,502,655
36$1,955,108$1,353,585$1,209,713$1,571,710
37$2,127,989$1,393,370$1,223,697$1,645,627
38$2,317,667$1,434,268$1,237,315$1,724,852
39$2,525,830$1,476,308$1,250,525$1,809,872
40$2,754,335$1,519,518$1,263,289$1,901,226
41$3,005,231$1,563,928$1,275,563$1,999,505
42$3,280,772$1,609,568$1,287,302$2,105,358
43$3,583,442$1,656,468$1,298,458$2,219,503
44$3,915,977$1,704,659$1,308,980$2,342,727
45$4,281,392$1,754,173$1,318,816$2,475,896
46$4,683,008$1,805,041$1,327,910$2,619,967
47$5,124,484$1,857,297$1,336,204$2,775,989
48$5,609,849$1,910,973$1,343,635$2,945,119
49$6,143,547$1,966,103$1,350,140$3,128,633
50$6,730,468$2,022,722$1,355,649$3,327,932
51$7,376,004$2,080,864$1,360,092$3,544,563
52$8,086,095$2,140,564$1,363,393$3,780,225
53$8,867,283$2,201,858$1,365,473$4,036,795
54$9,726,779$2,264,782$1,366,250$4,316,335
55$10,672,528$2,329,374$1,365,636$4,621,121
56$11,713,281$2,395,669$1,363,541$4,953,656
57$12,858,685$2,463,706$1,359,868$5,316,700
58$14,119,365$2,533,521$1,354,518$5,713,294
59$15,507,031$2,605,155$1,347,385$6,146,785
60$17,034,585$2,678,644$1,338,359$6,620,863
61$18,716,243$2,754,028$1,327,325$7,139,595
62$20,567,670$2,831,346$1,314,161$7,707,458
63$22,606,128$2,910,637$1,298,741$8,329,387
64$24,850,636$2,991,941$1,280,931$9,010,821
65$27,322,152$3,075,298$1,260,594$9,757,750
66$30,043,771$3,160,746$1,237,582$10,576,776
67$33,040,939$3,248,327$1,211,745$11,475,173
68$36,341,699$3,338,079$1,182,923$12,460,958
69$39,976,950$3,430,042$1,150,948$13,542,963
70$43,980,741$3,524,256$1,115,647$14,730,921
71$48,390,592$3,620,760$1,076,837$16,035,559
72$53,247,848$3,719,593$1,034,326$17,468,695
73$58,598,068$3,820,793$987,917$19,043,355
74$64,491,458$3,924,399$937,399$20,773,890
75$70,983,340$4,030,448$882,554$22,676,119
76$78,134,677$4,138,976$823,156$24,767,470
77$86,012,648$4,250,019$758,966$27,067,153
78$94,691,281$4,363,614$689,735$29,596,333
79$104,252,153$4,479,792$615,202$32,378,339
80$114,785,159$4,598,588$535,098$35,438,877
81$126,389,359$4,720,032$449,137$38,806,275
82$139,173,914$4,844,155$357,024$42,511,754
83$153,259,119$4,970,984$258,450$46,589,718
84$168,777,533$5,100,546$153,092$51,078,082
85$185,875,233$5,232,865$40,612$56,018,629
86$204,713,195$5,367,963$0$61,457,406
87$225,468,807$5,505,859$0$67,465,498
88$248,337,550$5,646,571$0$74,090,909
89$273,534,838$5,790,112$0$81,384,954
90$301,298,056$5,936,492$0$89,415,655
91$331,888,797$6,085,719$0$98,257,966
92$365,595,330$6,237,795$0$107,994,483
93$402,735,327$6,392,720$0$118,716,223
94$443,658,856$6,550,489$0$130,523,485
95$488,751,688$6,711,091$0$143,526,794
96$538,438,936$6,874,511$0$157,847,943
97$593,189,073$7,040,727$0$173,621,148
98$653,518,349$7,209,713$0$190,994,310
99$719,995,667$7,381,436$0$210,130,411
100$793,247,952$7,555,853$0$231,209,057