Can I retire at age 30 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$90,011$89,209$88,427$87,664$86,918$83,536
2 years$44,560$43,730$42,926$42,146$41,390$38,023
3 years$29,412$28,578$27,776$27,003$26,259$23,014
4 years$21,839$21,008$20,214$19,454$18,728$15,629
5 years$17,296$16,470$15,687$14,943$14,237$11,292
6 years$14,269$13,449$12,677$11,950$11,265$8,476
7 years$12,108$11,295$10,535$9,825$9,162$6,528
8 years$10,487$9,682$8,934$8,242$7,600$5,119
9 years$9,228$8,430$7,695$7,020$6,401$4,069
10 years$8,220$7,430$6,709$6,051$5,454$3,266
11 years$7,397$6,615$5,906$5,267$4,690$2,642
12 years$6,711$5,937$5,242$4,619$4,065$2,151
13 years$6,131$5,365$4,683$4,078$3,544$1,759
14 years$5,635$4,877$4,208$3,620$3,107$1,444
15 years$5,205$4,455$3,799$3,229$2,736$1,189
16 years$4,829$4,088$3,444$2,891$2,418$982
17 years$4,498$3,765$3,134$2,597$2,144$812
18 years$4,204$3,479$2,861$2,341$1,906$673
19 years$3,941$3,224$2,619$2,115$1,699$559
20 years$3,705$2,996$2,404$1,916$1,518$464
21 years$3,491$2,790$2,211$1,739$1,358$386
22 years$3,297$2,605$2,038$1,581$1,217$321
23 years$3,121$2,436$1,882$1,440$1,093$267
24 years$2,959$2,283$1,740$1,313$982$223
25 years$2,810$2,142$1,612$1,199$884$186
26 years$2,673$2,013$1,495$1,096$796$155
27 years$2,547$1,895$1,388$1,004$718$129
28 years$2,429$1,785$1,290$919$648$108
29 years$2,320$1,684$1,201$843$585$90
30 years$2,219$1,591$1,119$774$528$75
31 years$2,124$1,504$1,043$711$478$63
32 years$2,035$1,423$973$653$432$52
33 years$1,952$1,347$908$601$391$44
34 years$1,874$1,277$849$553$354$36
35 years$1,800$1,211$794$509$321$30
36 years$1,731$1,150$742$469$291$25
37 years$1,666$1,092$695$432$263$21
38 years$1,604$1,038$651$398$239$18
39 years$1,546$987$610$367$217$15
40 years$1,490$939$571$338$196$12
41 years$1,438$894$536$312$178$10
42 years$1,388$851$503$288$162$9
43 years$1,340$811$472$266$147$7
44 years$1,295$773$443$246$133$6
45 years$1,252$737$416$227$121$5
46 years$1,211$703$390$210$110$4
47 years$1,172$671$367$194$100$4
48 years$1,134$641$345$179$91$3
49 years$1,098$612$324$165$82$2
50 years$1,064$584$305$153$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,090,000, adding $6,488 every year, while hoping to spend $53,326 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: 45/41/14 Blend
29$1,090,000$1,090,000$1,090,000$1,090,000
30$1,207,872$1,150,102$1,133,207$1,257,122
31$1,274,337$1,149,719$1,114,431$1,291,684
32$1,345,794$1,147,529$1,093,239$1,323,237
33$1,422,695$1,143,389$1,069,493$1,356,287
34$1,505,539$1,137,144$1,043,050$1,390,992
35$1,594,872$1,128,632$1,013,760$1,427,531
36$1,691,293$1,117,679$981,465$1,466,106
37$1,795,462$1,104,103$946,002$1,506,941
38$1,908,104$1,087,708$907,197$1,550,286
39$2,030,014$1,068,289$864,872$1,596,422
40$2,162,069$1,045,629$818,838$1,645,664
41$2,305,230$1,019,495$768,900$1,698,359
42$2,460,557$989,644$714,852$1,754,899
43$2,629,213$955,816$656,479$1,815,718
44$2,812,479$917,737$593,557$1,881,301
45$3,011,764$875,118$525,853$1,952,189
46$3,228,616$827,651$453,121$2,028,983
47$3,464,741$775,013$375,107$2,112,352
48$3,722,016$716,859$291,544$2,203,040
49$4,002,505$652,828$202,154$2,301,875
50$4,308,480$582,536$106,646$2,409,778
51$4,642,442$505,578$4,716$2,527,771
52$5,007,146$421,526$0$2,656,989
53$5,405,621$329,927$0$2,814,238
54$5,841,204$230,304$0$2,987,135
55$6,317,570$122,152$0$3,176,580
56$6,838,763$4,938$0$3,384,348
57$7,409,237$0$0$3,612,407
58$8,033,896$0$0$3,917,930
59$8,718,141$0$0$4,255,166
60$9,467,920$0$0$4,624,834
61$10,289,783$0$0$5,030,181
62$11,190,944$0$0$5,474,783
63$12,179,350$0$0$5,962,576
64$13,263,751$0$0$6,497,900
65$14,453,787$0$0$7,085,532
66$15,760,077$0$0$7,730,735
67$17,194,316$0$0$8,439,306
68$18,769,389$0$0$9,217,634
69$20,499,489$0$0$10,072,752
70$22,400,251$0$0$11,012,412
71$24,488,901$0$0$12,045,153
72$26,784,412$0$0$13,180,382
73$29,307,692$0$0$14,428,464
74$32,081,772$0$0$15,800,815
75$35,132,025$0$0$17,310,017
76$38,486,409$0$0$18,969,929
77$42,175,723$0$0$20,795,823
78$46,233,904$0$0$22,804,523
79$50,698,342$0$0$25,014,567
80$55,610,233$0$0$27,446,381
81$61,014,967$0$0$30,122,471
82$66,962,558$0$0$33,067,633
83$73,508,111$0$0$36,309,191
84$80,712,345$0$0$39,877,251
85$88,642,162$0$0$43,804,985
86$97,371,281$0$0$48,128,947
87$106,980,930$0$0$52,889,411
88$117,560,613$0$0$58,130,760
89$129,208,955$0$0$63,901,894
90$142,034,627$0$0$70,256,702
91$156,157,379$0$0$77,254,559
92$171,709,161$0$0$84,960,895
93$188,835,372$0$0$93,447,808
94$207,696,230$0$0$102,794,745
95$228,468,286$0$0$113,089,250
96$251,346,082$0$0$124,427,791
97$276,543,996$0$0$136,916,673
98$304,298,256$0$0$150,673,033
99$334,869,175$0$0$165,825,955
100$368,543,600$0$0$182,517,679