Can I retire at age 30 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$92,489$91,665$90,861$90,076$89,310$87,976
2 years$45,786$44,934$44,107$43,306$42,529$41,187
3 years$30,221$29,365$28,540$27,747$26,982$25,675
4 years$22,440$21,586$20,770$19,990$19,244$17,982
5 years$17,772$16,924$16,118$15,354$14,629$13,415
6 years$14,662$13,820$13,026$12,279$11,575$10,412
7 years$12,441$11,606$10,825$10,095$9,414$8,300
8 years$10,776$9,948$9,180$8,469$7,810$6,746
9 years$9,482$8,662$7,907$7,213$6,577$5,563
10 years$8,447$7,635$6,893$6,218$5,604$4,639
11 years$7,601$6,797$6,069$5,411$4,819$3,902
12 years$6,896$6,100$5,386$4,747$4,176$3,306
13 years$6,300$5,513$4,812$4,191$3,642$2,817
14 years$5,790$5,011$4,324$3,720$3,193$2,412
15 years$5,348$4,578$3,904$3,317$2,811$2,073
16 years$4,962$4,200$3,539$2,970$2,484$1,788
17 years$4,622$3,868$3,221$2,669$2,203$1,546
18 years$4,319$3,574$2,940$2,405$1,959$1,340
19 years$4,049$3,313$2,691$2,173$1,746$1,164
20 years$3,807$3,078$2,470$1,968$1,559$1,013
21 years$3,587$2,867$2,272$1,786$1,395$883
22 years$3,388$2,677$2,094$1,624$1,251$770
23 years$3,206$2,503$1,933$1,479$1,123$673
24 years$3,040$2,345$1,788$1,349$1,009$588
25 years$2,888$2,201$1,656$1,232$908$515
26 years$2,747$2,069$1,536$1,127$818$451
27 years$2,617$1,947$1,426$1,031$737$395
28 years$2,496$1,834$1,326$945$665$347
29 years$2,384$1,731$1,234$866$601$304
30 years$2,280$1,634$1,149$795$543$267
31 years$2,182$1,545$1,071$730$491$234
32 years$2,091$1,462$1,000$671$444$206
33 years$2,006$1,384$933$617$402$181
34 years$1,925$1,312$872$568$364$159
35 years$1,850$1,245$815$523$330$140
36 years$1,779$1,181$763$481$299$123
37 years$1,712$1,122$714$444$271$108
38 years$1,648$1,066$669$409$245$95
39 years$1,588$1,014$626$377$222$83
40 years$1,531$965$587$348$202$73
41 years$1,477$918$551$321$183$65
42 years$1,426$874$516$296$166$57
43 years$1,377$833$485$273$151$50
44 years$1,331$794$455$252$137$44
45 years$1,286$757$427$233$124$39
46 years$1,244$723$401$215$113$34
47 years$1,204$689$377$199$102$30
48 years$1,166$658$354$184$93$26
49 years$1,129$629$333$170$84$23
50 years$1,094$600$313$157$77$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,120,000, adding $6,748 every year, while hoping to spend $37,905 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: 55/32/13 Blend
29$1,120,000$1,120,000$1,120,000$1,120,000
30$1,241,201$1,181,841$1,164,481$1,304,936
31$1,327,472$1,199,420$1,163,160$1,366,549
32$1,421,274$1,216,591$1,160,525$1,428,909
33$1,523,332$1,233,292$1,156,491$1,495,930
34$1,634,449$1,249,460$1,150,970$1,568,067
35$1,755,505$1,265,026$1,143,870$1,645,816
36$1,887,471$1,279,917$1,135,094$1,729,730
37$2,031,414$1,294,054$1,124,541$1,820,414
38$2,188,508$1,307,353$1,112,103$1,918,539
39$2,360,048$1,319,725$1,097,671$2,024,843
40$2,547,457$1,331,076$1,081,127$2,140,143
41$2,752,302$1,341,303$1,062,349$2,265,338
42$2,976,309$1,350,299$1,041,210$2,401,420
43$3,221,378$1,357,949$1,017,576$2,549,485
44$3,489,600$1,364,130$991,306$2,710,740
45$3,783,280$1,368,713$962,256$2,886,520
46$4,104,954$1,371,560$930,271$3,078,294
47$4,457,416$1,372,523$895,192$3,287,685
48$4,843,743$1,371,446$856,850$3,516,484
49$5,267,322$1,368,165$815,072$3,766,665
50$5,731,886$1,362,502$769,675$4,040,406
51$6,241,546$1,354,272$720,466$4,340,111
52$6,800,829$1,343,276$667,247$4,668,430
53$7,414,721$1,329,305$609,808$5,028,289
54$8,088,718$1,312,136$547,931$5,422,913
55$8,828,869$1,291,533$481,389$5,855,860
56$9,641,842$1,267,245$409,943$6,331,054
57$10,534,979$1,239,010$333,346$6,852,825
58$11,516,371$1,206,545$251,337$7,425,948
59$12,594,929$1,169,555$163,645$8,055,687
60$13,780,473$1,127,725$69,989$8,747,851
61$15,083,820$1,080,722$0$9,508,845
62$16,516,887$1,028,194$0$10,349,888
63$18,092,804$969,770$0$11,285,247
64$19,826,038$905,056$0$12,313,837
65$21,732,525$833,636$0$13,445,179
66$23,829,828$755,070$0$14,689,768
67$26,137,294$668,892$0$16,059,176
68$28,676,242$574,611$0$17,566,158
69$31,470,160$471,708$0$19,224,777
70$34,544,929$359,635$0$21,050,533
71$37,929,067$237,811$0$23,060,517
72$41,653,994$105,626$0$25,273,568
73$45,754,332$0$0$27,710,452
74$50,268,232$0$0$30,407,292
75$55,237,728$0$0$33,417,404
76$60,709,140$0$0$36,731,669
77$66,733,507$0$0$40,381,017
78$73,367,069$0$0$44,399,535
79$80,671,796$0$0$48,824,780
80$88,715,976$0$0$53,698,140
81$97,574,855$0$0$59,065,219
82$107,331,350$0$0$64,976,272
83$118,076,830$0$0$71,486,673
84$129,911,975$0$0$78,657,445
85$142,947,732$0$0$86,555,827
86$157,306,354$0$0$95,255,918
87$173,122,562$0$0$104,839,366
88$190,544,808$0$0$115,396,148
89$209,736,682$0$0$127,025,411
90$230,878,450$0$0$139,836,412
91$254,168,760$0$0$153,949,550
92$279,826,514$0$0$169,497,498
93$308,092,933$0$0$186,626,456
94$339,233,838$0$0$205,497,535
95$373,542,150$0$0$226,288,272
96$411,340,664$0$0$249,194,309
97$452,985,089$0$0$274,431,238
98$498,867,406$0$0$302,236,635
99$549,419,572$0$0$332,872,306
100$605,117,591$0$0$366,626,752