Can I retire at age 30 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$95,792$94,938$94,106$93,293$92,500$89,254
2 years$47,422$46,538$45,683$44,853$44,048$40,811
3 years$31,300$30,413$29,560$28,738$27,946$24,820
4 years$23,241$22,357$21,512$20,704$19,931$16,941
5 years$18,407$17,528$16,694$15,902$15,151$12,305
6 years$15,185$14,313$13,491$12,717$11,989$9,288
7 years$12,885$12,020$11,211$10,456$9,750$7,194
8 years$11,161$10,303$9,508$8,771$8,089$5,675
9 years$9,820$8,971$8,189$7,471$6,812$4,538
10 years$8,748$7,908$7,140$6,440$5,804$3,666
11 years$7,872$7,040$6,286$5,605$4,992$2,985
12 years$7,142$6,318$5,578$4,916$4,326$2,446
13 years$6,525$5,710$4,984$4,340$3,772$2,014
14 years$5,997$5,190$4,478$3,853$3,307$1,665
15 years$5,539$4,741$4,043$3,436$2,911$1,381
16 years$5,139$4,350$3,666$3,077$2,573$1,149
17 years$4,787$4,006$3,336$2,764$2,281$957
18 years$4,474$3,702$3,045$2,491$2,029$799
19 years$4,194$3,431$2,788$2,251$1,808$668
20 years$3,942$3,188$2,558$2,039$1,615$559
21 years$3,715$2,970$2,353$1,850$1,445$469
22 years$3,509$2,772$2,169$1,682$1,295$393
23 years$3,321$2,593$2,002$1,532$1,163$330
24 years$3,149$2,429$1,852$1,397$1,045$277
25 years$2,991$2,280$1,715$1,276$941$233
26 years$2,845$2,143$1,591$1,167$847$196
27 years$2,710$2,016$1,477$1,068$764$165
28 years$2,585$1,900$1,373$979$689$138
29 years$2,469$1,792$1,278$897$622$117
30 years$2,361$1,693$1,190$824$562$98
31 years$2,260$1,600$1,110$756$508$83
32 years$2,166$1,514$1,035$695$460$69
33 years$2,077$1,434$967$639$416$58
34 years$1,994$1,359$903$588$377$49
35 years$1,916$1,289$844$541$341$41
36 years$1,842$1,223$790$499$309$35
37 years$1,773$1,162$739$459$280$29
38 years$1,707$1,104$692$423$254$25
39 years$1,645$1,050$649$390$230$21
40 years$1,586$999$608$360$209$18
41 years$1,530$951$570$332$190$15
42 years$1,477$906$535$307$172$12
43 years$1,426$863$502$283$156$11
44 years$1,378$823$471$261$142$9
45 years$1,332$784$442$241$129$7
46 years$1,289$748$415$223$117$6
47 years$1,247$714$390$206$106$5
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$4
50 years$1,133$622$324$163$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,160,000, adding $2,254 every year, while hoping to spend $53,654 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: 63/22/15 Blend
29$1,160,000$1,160,000$1,160,000$1,160,000
30$1,280,645$1,219,165$1,201,185$1,356,487
31$1,354,183$1,221,817$1,184,337$1,410,299
32$1,433,424$1,222,800$1,165,127$1,462,705
33$1,518,893$1,221,977$1,143,418$1,518,636
34$1,611,166$1,219,200$1,119,069$1,578,435
35$1,710,878$1,214,313$1,091,930$1,642,484
36$1,818,724$1,207,151$1,061,846$1,711,204
37$1,935,471$1,197,538$1,028,655$1,785,060
38$2,061,959$1,185,288$992,186$1,864,569
39$2,199,116$1,170,204$952,260$1,950,300
40$2,347,957$1,152,076$908,693$2,042,881
41$2,509,604$1,130,682$861,289$2,143,010
42$2,685,286$1,105,788$809,844$2,251,455
43$2,876,358$1,077,145$754,147$2,369,067
44$3,084,310$1,044,489$693,975$2,496,784
45$3,310,783$1,007,541$629,096$2,635,646
46$3,557,580$966,008$559,268$2,786,799
47$3,826,686$919,576$484,237$2,951,511
48$4,120,288$867,914$403,738$3,131,182
49$4,440,790$810,675$317,497$3,327,358
50$4,790,841$747,489$225,223$3,541,750
51$5,173,356$677,964$126,617$3,776,242
52$5,591,543$601,690$21,363$4,032,921
53$6,048,936$518,228$0$4,314,088
54$6,549,426$427,120$0$4,636,842
55$7,097,296$327,877$0$4,994,028
56$7,697,263$219,986$0$5,385,378
57$8,354,522$102,903$0$5,814,374
58$9,074,794$0$0$6,284,854
59$9,864,379$0$0$6,806,849
60$10,730,216$0$0$7,406,655
61$11,679,948$0$0$8,064,665
62$12,721,994$0$0$8,786,722
63$13,865,625$0$0$9,579,261
64$15,121,054$0$0$10,449,372
65$16,499,534$0$0$11,404,865
66$18,013,456$0$0$12,454,343
67$19,676,474$0$0$13,607,282
68$21,503,628$0$0$14,874,123
69$23,511,487$0$0$16,266,366
70$25,718,303$0$0$17,796,684
71$28,144,187$0$0$19,479,035
72$30,811,293$0$0$21,328,799
73$33,744,031$0$0$23,362,921
74$36,969,293$0$0$25,600,069
75$40,516,707$0$0$28,060,810
76$44,418,919$0$0$30,767,808
77$48,711,896$0$0$33,746,031
78$53,435,268$0$0$37,022,989
79$58,632,698$0$0$40,628,995
80$64,352,298$0$0$44,597,448
81$70,647,078$0$0$48,965,149
82$77,575,446$0$0$53,772,646
83$85,201,763$0$0$59,064,619
84$93,596,944$0$0$64,890,299
85$102,839,127$0$0$71,303,932
86$113,014,415$0$0$78,365,293
87$124,217,682$0$0$86,140,246
88$136,553,470$0$0$94,701,368
89$150,136,974$0$0$104,128,631
90$165,095,130$0$0$114,510,158
91$181,567,809$0$0$125,943,053
92$199,709,140$0$0$138,534,319
93$219,688,961$0$0$152,401,864
94$241,694,424$0$0$167,675,615
95$265,931,755$0$0$184,498,745
96$292,628,205$0$0$203,029,021
97$322,034,193$0$0$223,440,294
98$354,425,665$0$0$245,924,140
99$390,106,704$0$0$270,691,666
100$429,412,391$0$0$297,975,503