Can I retire at age 30 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$91,663$90,846$90,050$89,272$88,513$87,298
2 years$45,378$44,532$43,713$42,919$42,149$40,928
3 years$29,951$29,102$28,285$27,499$26,741$25,551
4 years$22,240$21,393$20,585$19,811$19,072$17,922
5 years$17,614$16,773$15,974$15,217$14,498$13,391
6 years$14,531$13,696$12,910$12,169$11,472$10,410
7 years$12,330$11,502$10,728$10,005$9,330$8,313
8 years$10,680$9,859$9,098$8,393$7,740$6,768
9 years$9,397$8,584$7,836$7,149$6,518$5,591
10 years$8,371$7,567$6,832$6,162$5,554$4,671
11 years$7,533$6,736$6,015$5,363$4,776$3,937
12 years$6,834$6,046$5,338$4,704$4,139$3,342
13 years$6,244$5,464$4,769$4,153$3,609$2,853
14 years$5,738$4,966$4,285$3,687$3,164$2,447
15 years$5,300$4,537$3,869$3,288$2,786$2,108
16 years$4,918$4,163$3,508$2,944$2,462$1,822
17 years$4,580$3,834$3,192$2,645$2,183$1,579
18 years$4,281$3,542$2,914$2,384$1,941$1,372
19 years$4,013$3,283$2,667$2,154$1,730$1,194
20 years$3,773$3,051$2,448$1,951$1,545$1,041
21 years$3,555$2,842$2,252$1,770$1,383$909
22 years$3,358$2,653$2,075$1,610$1,240$795
23 years$3,178$2,481$1,916$1,466$1,113$696
24 years$3,013$2,324$1,772$1,337$1,000$610
25 years$2,862$2,181$1,641$1,221$900$535
26 years$2,722$2,050$1,522$1,117$811$470
27 years$2,593$1,929$1,414$1,022$731$413
28 years$2,474$1,818$1,314$936$660$363
29 years$2,363$1,715$1,223$859$596$319
30 years$2,259$1,620$1,139$788$538$281
31 years$2,163$1,531$1,062$724$486$247
32 years$2,073$1,449$991$665$440$218
33 years$1,988$1,372$925$612$398$192
34 years$1,908$1,300$864$563$361$169
35 years$1,833$1,233$808$518$327$149
36 years$1,763$1,171$756$477$296$131
37 years$1,696$1,112$708$440$268$116
38 years$1,633$1,057$663$405$243$102
39 years$1,574$1,005$621$374$220$90
40 years$1,518$956$582$345$200$79
41 years$1,464$910$546$318$181$70
42 years$1,413$867$512$293$165$62
43 years$1,365$826$480$271$149$54
44 years$1,319$787$451$250$136$48
45 years$1,275$751$423$231$123$42
46 years$1,233$716$398$213$112$37
47 years$1,193$683$373$197$102$33
48 years$1,155$652$351$182$92$29
49 years$1,119$623$330$168$84$26
50 years$1,084$595$310$156$76$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,110,000, adding $3,385 every year, while hoping to spend $54,237 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: 32/48/20 Blend
29$1,110,000$1,110,000$1,110,000$1,110,000
30$1,226,712$1,167,882$1,150,677$1,258,265
31$1,294,128$1,167,400$1,131,517$1,281,683
32$1,366,604$1,165,077$1,109,897$1,301,716
33$1,444,597$1,160,765$1,085,678$1,322,160
34$1,528,611$1,154,308$1,058,713$1,343,084
35$1,619,200$1,145,539$1,028,850$1,364,567
36$1,716,971$1,134,283$995,929$1,386,701
37$1,822,591$1,120,353$959,782$1,409,595
38$1,936,796$1,103,550$920,235$1,433,371
39$2,060,390$1,083,666$877,105$1,458,170
40$2,194,262$1,060,477$830,200$1,484,154
41$2,339,385$1,033,749$779,320$1,511,506
42$2,496,833$1,003,233$724,257$1,540,437
43$2,667,783$968,664$664,793$1,571,185
44$2,853,532$929,765$600,699$1,604,018
45$3,055,508$886,238$531,738$1,639,243
46$3,275,279$837,773$457,660$1,677,204
47$3,514,571$784,039$378,206$1,718,291
48$3,775,287$724,685$293,105$1,762,941
49$4,059,515$659,344$202,073$1,811,648
50$4,369,557$587,624$104,815$1,864,965
51$4,707,948$509,113$1,021$1,923,515
52$5,077,473$423,374$0$1,987,995
53$5,481,204$329,948$0$2,082,605
54$5,922,519$228,348$0$2,186,555
55$6,405,139$118,060$0$2,300,680
56$6,933,159$0$0$2,426,151
57$7,511,090$0$0$2,565,039
58$8,143,899$0$0$2,785,557
59$8,837,055$0$0$3,027,273
60$9,596,580$0$0$3,292,307
61$10,429,109$0$0$3,582,998
62$11,341,946$0$0$3,901,917
63$12,343,139$0$0$4,251,900
64$13,441,549$0$0$4,636,068
65$14,646,938$0$0$5,057,862
66$15,970,059$0$0$5,521,069
67$17,422,756$0$0$6,029,864
68$19,018,076$0$0$6,588,844
69$20,770,393$0$0$7,203,074
70$22,695,538$0$0$7,878,133
71$24,810,955$0$0$8,620,169
72$27,135,860$0$0$9,435,955
73$29,691,421$0$0$10,332,951
74$32,500,963$0$0$11,319,379
75$35,590,180$0$0$12,404,295
76$38,987,382$0$0$13,597,678
77$42,723,759$0$0$14,910,522
78$46,833,676$0$0$16,354,943
79$51,354,995$0$0$17,944,285
80$56,329,434$0$0$19,693,257
81$61,802,956$0$0$21,618,061
82$67,826,208$0$0$23,736,552
83$74,454,991$0$0$26,068,403
84$81,750,791$0$0$28,635,291
85$89,781,356$0$0$31,461,100
86$98,621,336$0$0$34,572,150
87$108,352,986$0$0$37,997,440
88$119,066,941$0$0$41,768,926
89$130,863,071$0$0$45,921,820
90$143,851,422$0$0$50,494,922
91$158,153,255$0$0$55,530,985
92$173,902,188$0$0$61,077,123
93$191,245,457$0$0$67,185,250
94$210,345,305$0$0$73,912,571
95$231,380,511$0$0$81,322,122
96$254,548,077$0$0$89,483,368
97$280,065,088$0$0$98,472,852
98$308,170,757$0$0$108,374,922
99$339,128,684$0$0$119,282,525
100$373,229,341$0$0$131,298,085