Can I retire at age 30 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$94,140$93,302$92,483$91,685$90,905$88,314
2 years$46,604$45,736$44,895$44,079$43,288$40,698
3 years$30,761$29,889$29,050$28,242$27,464$24,955
4 years$22,841$21,972$21,141$20,347$19,587$17,180
5 years$18,090$17,226$16,406$15,628$14,890$12,590
6 years$14,924$14,066$13,259$12,498$11,782$9,592
7 years$12,663$11,813$11,018$10,275$9,582$7,502
8 years$10,968$10,126$9,344$8,620$7,949$5,978
9 years$9,651$8,816$8,048$7,342$6,694$4,830
10 years$8,597$7,771$7,017$6,329$5,704$3,944
11 years$7,736$6,918$6,177$5,508$4,906$3,247
12 years$7,019$6,209$5,482$4,831$4,251$2,691
13 years$6,413$5,612$4,898$4,265$3,707$2,241
14 years$5,893$5,101$4,401$3,786$3,250$1,875
15 years$5,444$4,660$3,973$3,377$2,861$1,574
16 years$5,051$4,275$3,602$3,023$2,529$1,325
17 years$4,704$3,937$3,278$2,717$2,242$1,118
18 years$4,397$3,638$2,992$2,448$1,994$945
19 years$4,122$3,372$2,739$2,212$1,777$801
20 years$3,874$3,133$2,514$2,004$1,587$679
21 years$3,651$2,918$2,313$1,818$1,420$577
22 years$3,448$2,724$2,131$1,653$1,273$490
23 years$3,264$2,548$1,968$1,506$1,143$417
24 years$3,094$2,387$1,820$1,373$1,027$355
25 years$2,939$2,240$1,686$1,254$924$302
26 years$2,796$2,106$1,563$1,147$833$258
27 years$2,664$1,982$1,452$1,050$751$220
28 years$2,541$1,867$1,350$962$677$187
29 years$2,427$1,762$1,256$882$612$160
30 years$2,321$1,664$1,170$809$553$136
31 years$2,221$1,573$1,091$743$500$116
32 years$2,129$1,488$1,018$683$452$99
33 years$2,042$1,409$950$628$409$85
34 years$1,960$1,336$888$578$370$72
35 years$1,883$1,267$830$532$335$62
36 years$1,811$1,202$776$490$304$53
37 years$1,742$1,142$727$451$275$45
38 years$1,678$1,085$681$416$250$39
39 years$1,616$1,032$638$384$226$33
40 years$1,559$982$598$354$205$28
41 years$1,504$935$560$327$186$24
42 years$1,451$890$526$301$169$21
43 years$1,402$848$493$278$153$18
44 years$1,354$808$463$257$139$15
45 years$1,309$771$435$237$126$13
46 years$1,267$735$408$219$115$11
47 years$1,226$702$384$202$104$9
48 years$1,186$670$360$187$95$8
49 years$1,149$640$339$173$86$7
50 years$1,113$611$319$160$78$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,140,000, adding $6,810 every year, while hoping to spend $56,734 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: 90/5/5 Blend
29$1,140,000$1,140,000$1,140,000$1,140,000
30$1,263,305$1,202,885$1,185,215$1,376,609
31$1,331,797$1,201,461$1,164,555$1,449,862
32$1,405,374$1,198,067$1,141,301$1,521,638
33$1,484,495$1,192,545$1,115,307$1,598,666
34$1,569,663$1,184,729$1,086,420$1,681,427
35$1,661,431$1,174,443$1,054,477$1,770,452
36$1,760,407$1,161,501$1,019,312$1,866,327
37$1,867,258$1,145,704$980,749$1,969,694
38$1,982,718$1,126,842$938,603$2,081,259
39$2,107,591$1,104,694$892,683$2,201,801
40$2,242,765$1,079,024$842,787$2,332,175
41$2,389,213$1,049,582$788,706$2,473,325
42$2,548,006$1,016,105$730,221$2,626,286
43$2,720,321$978,312$667,102$2,792,201
44$2,907,453$935,909$599,109$2,972,326
45$3,110,828$888,582$525,993$3,168,044
46$3,332,010$836,002$447,493$3,380,881
47$3,572,726$777,816$363,334$3,612,513
48$3,834,872$713,657$273,234$3,864,787
49$4,120,535$643,132$176,893$4,139,739
50$4,432,012$565,828$74,002$4,439,610
51$4,771,832$481,309$0$4,766,867
52$5,142,779$389,113$0$5,126,140
53$5,547,915$288,751$0$5,522,851
54$5,990,612$179,711$0$5,956,366
55$6,474,584$61,446$0$6,430,339
56$7,003,919$0$0$6,948,793
57$7,583,117$0$0$7,519,827
58$8,217,135$0$0$8,148,611
59$8,911,429$0$0$8,837,176
60$9,672,010$0$0$9,591,483
61$10,505,496$0$0$10,418,096
62$11,419,176$0$0$11,324,245
63$12,421,079$0$0$12,317,891
64$13,520,045$0$0$13,407,804
65$14,725,815$0$0$14,603,643
66$16,049,115$0$0$15,916,047
67$17,501,762$0$0$17,356,735
68$19,096,771$0$0$18,938,618
69$20,848,480$0$0$20,675,914
70$22,772,685$0$0$22,584,290
71$24,886,785$0$0$24,681,002
72$27,209,949$0$0$26,985,062
73$29,763,294$0$0$29,517,414
74$32,570,085$0$0$32,301,132
75$35,655,953$0$0$35,361,637
76$39,049,137$0$0$38,726,935
77$42,780,748$0$0$42,427,885
78$46,885,065$0$0$46,498,481
79$51,399,853$0$0$50,976,181
80$56,366,723$0$0$55,902,254
81$61,831,524$0$0$61,322,171
82$67,844,768$0$0$67,286,034
83$74,462,116$0$0$73,849,044
84$81,744,895$0$0$81,072,026
85$89,760,679$0$0$89,021,999
86$98,583,922$0$0$97,772,809
87$108,296,668$0$0$107,405,824
88$118,989,315$0$0$118,010,703
89$130,761,474$0$0$129,686,239
90$143,722,903$0$0$142,541,290
91$157,994,546$0$0$156,695,808
92$173,709,672$0$0$172,281,970
93$191,015,130$0$0$189,445,420
94$210,072,738$0$0$208,346,649
95$231,060,806$0$0$229,162,504
96$254,175,816$0$0$252,087,858
97$279,634,282$0$0$277,337,448
98$307,674,786$0$0$305,147,899
99$338,560,233$0$0$335,779,960
100$372,580,328$0$0$369,520,962