Can I retire at age 30 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$93,314$92,483$91,672$90,881$90,108$89,728
2 years$46,195$45,335$44,501$43,693$42,908$42,525
3 years$30,491$29,627$28,795$27,994$27,223$26,848
4 years$22,640$21,779$20,955$20,168$19,416$19,052
5 years$17,931$17,075$16,262$15,491$14,759$14,408
6 years$14,793$13,943$13,142$12,388$11,679$11,340
7 years$12,552$11,709$10,921$10,185$9,498$9,172
8 years$10,872$10,037$9,262$8,544$7,879$7,566
9 years$9,566$8,739$7,978$7,278$6,636$6,335
10 years$8,522$7,703$6,955$6,273$5,654$5,366
11 years$7,668$6,858$6,123$5,460$4,862$4,587
12 years$6,957$6,155$5,434$4,789$4,214$3,950
13 years$6,356$5,562$4,855$4,228$3,674$3,423
14 years$5,842$5,056$4,362$3,753$3,221$2,982
15 years$5,396$4,619$3,938$3,347$2,836$2,608
16 years$5,006$4,238$3,571$2,997$2,506$2,290
17 years$4,663$3,903$3,249$2,693$2,222$2,016
18 years$4,358$3,606$2,966$2,427$1,976$1,780
19 years$4,085$3,342$2,715$2,193$1,761$1,576
20 years$3,841$3,106$2,492$1,986$1,573$1,398
21 years$3,619$2,893$2,292$1,802$1,408$1,242
22 years$3,418$2,700$2,113$1,639$1,262$1,105
23 years$3,235$2,526$1,951$1,492$1,133$984
24 years$3,067$2,366$1,804$1,361$1,018$878
25 years$2,913$2,221$1,671$1,243$916$784
26 years$2,771$2,087$1,550$1,137$825$701
27 years$2,640$1,964$1,439$1,040$744$627
28 years$2,519$1,851$1,338$953$671$561
29 years$2,405$1,746$1,245$874$606$503
30 years$2,300$1,649$1,160$802$548$451
31 years$2,202$1,559$1,081$737$495$404
32 years$2,110$1,475$1,009$677$448$363
33 years$2,024$1,397$942$623$405$326
34 years$1,943$1,324$880$573$367$292
35 years$1,866$1,256$823$527$332$263
36 years$1,795$1,192$770$486$301$236
37 years$1,727$1,132$720$448$273$212
38 years$1,663$1,076$675$413$248$191
39 years$1,602$1,023$632$380$224$171
40 years$1,545$973$592$351$204$154
41 years$1,490$926$555$324$185$139
42 years$1,439$882$521$299$168$125
43 years$1,389$841$489$276$152$112
44 years$1,343$801$459$255$138$101
45 years$1,298$764$431$235$125$91
46 years$1,255$729$405$217$114$82
47 years$1,215$696$380$201$103$74
48 years$1,176$664$357$185$94$66
49 years$1,139$634$336$171$85$60
50 years$1,103$606$316$158$77$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,130,000, adding $5,091 every year, while hoping to spend $53,561 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: 61/24/15 Blend
29$1,130,000$1,130,000$1,130,000$1,130,000
30$1,250,511$1,190,621$1,173,106$1,321,816
31$1,321,075$1,191,973$1,155,417$1,371,765
32$1,397,041$1,191,596$1,135,340$1,419,766
33$1,478,904$1,189,349$1,112,738$1,470,872
34$1,567,207$1,185,082$1,087,470$1,525,390
35$1,662,546$1,178,636$1,059,385$1,583,658
36$1,765,578$1,169,841$1,028,326$1,646,050
37$1,877,023$1,158,519$994,131$1,712,980
38$1,997,674$1,144,480$956,628$1,784,906
39$2,128,400$1,127,523$915,639$1,862,335
40$2,270,159$1,107,435$870,975$1,945,829
41$2,424,005$1,083,988$822,442$2,036,008
42$2,591,095$1,056,946$769,836$2,133,559
43$2,772,703$1,026,053$712,942$2,239,242
44$2,970,231$991,041$651,538$2,353,896
45$3,185,220$951,628$585,390$2,478,451
46$3,419,367$907,512$514,255$2,613,934
47$3,674,538$858,376$437,878$2,761,480
48$3,952,789$803,884$355,994$2,922,346
49$4,256,379$743,680$268,326$3,097,918
50$4,587,799$677,389$174,584$3,289,731
51$4,949,787$604,614$74,465$3,499,479
52$5,345,360$524,935$0$3,729,037
53$5,777,838$437,908$0$3,985,655
54$6,250,878$343,066$0$4,279,494
55$6,768,504$239,913$0$4,601,204
56$7,335,149$127,926$0$4,953,634
57$7,955,694$6,554$0$5,339,924
58$8,635,514$0$0$5,763,541
59$9,380,528$0$0$6,261,264
60$10,197,256$0$0$6,808,882
61$11,092,878$0$0$7,409,490
62$12,075,301$0$0$8,068,403
63$13,153,236$0$0$8,791,474
64$14,336,277$0$0$9,585,150
65$15,634,994$0$0$10,456,536
66$17,061,026$0$0$11,413,454
67$18,627,198$0$0$12,464,525
68$20,347,638$0$0$13,619,241
69$22,237,907$0$0$14,888,064
70$24,315,150$0$0$16,282,516
71$26,598,254$0$0$17,815,292
72$29,108,028$0$0$19,500,378
73$31,867,397$0$0$21,353,182
74$34,901,617$0$0$23,390,681
75$38,238,516$0$0$25,631,579
76$41,908,752$0$0$28,096,482
77$45,946,105$0$0$30,808,095
78$50,387,791$0$0$33,791,435
79$55,274,817$0$0$37,074,064
80$60,652,365$0$0$40,686,352
81$66,570,218$0$0$44,661,761
82$73,083,228$0$0$49,037,163
83$80,251,835$0$0$53,853,182
84$88,142,635$0$0$59,154,584
85$96,829,007$0$0$64,990,692
86$106,391,808$0$0$71,415,857
87$116,920,131$0$0$78,489,967
88$128,512,148$0$0$86,279,011
89$141,276,035$0$0$94,855,705
90$155,330,992$0$0$104,300,172
91$170,808,365$0$0$114,700,704
92$187,852,889$0$0$126,154,591
93$206,624,050$0$0$138,769,039
94$227,297,589$0$0$152,662,181
95$250,067,163$0$0$167,964,192
96$275,146,168$0$0$184,818,518
97$302,769,754$0$0$203,383,227
98$333,197,045$0$0$223,832,504
99$366,713,579$0$0$246,358,288
100$403,634,009$0$0$271,172,091