Can I retire at age 30 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$96,618$95,757$94,917$94,098$93,297$91,865
2 years$47,830$46,940$46,076$45,239$44,427$42,988
3 years$31,570$30,676$29,814$28,985$28,187$26,785
4 years$23,442$22,550$21,697$20,882$20,103$18,749
5 years$18,566$17,679$16,838$16,040$15,282$13,981
6 years$15,316$14,436$13,608$12,827$12,092$10,845
7 years$12,996$12,124$11,308$10,546$9,834$8,641
8 years$11,257$10,392$9,590$8,847$8,158$7,019
9 years$9,905$9,048$8,260$7,535$6,870$5,785
10 years$8,824$7,976$7,201$6,496$5,854$4,821
11 years$7,940$7,100$6,340$5,653$5,035$4,053
12 years$7,204$6,373$5,626$4,958$4,363$3,431
13 years$6,581$5,759$5,027$4,378$3,805$2,922
14 years$6,048$5,235$4,517$3,886$3,335$2,500
15 years$5,587$4,782$4,078$3,466$2,936$2,147
16 years$5,184$4,388$3,697$3,103$2,595$1,850
17 years$4,828$4,041$3,364$2,788$2,301$1,599
18 years$4,512$3,734$3,071$2,513$2,046$1,385
19 years$4,230$3,461$2,812$2,270$1,824$1,202
20 years$3,976$3,216$2,580$2,056$1,629$1,045
21 years$3,747$2,995$2,373$1,866$1,458$910
22 years$3,539$2,796$2,187$1,697$1,307$794
23 years$3,350$2,615$2,020$1,545$1,173$693
24 years$3,176$2,450$1,868$1,409$1,054$605
25 years$3,016$2,299$1,730$1,287$949$529
26 years$2,869$2,161$1,605$1,177$855$463
27 years$2,734$2,034$1,490$1,077$770$406
28 years$2,608$1,916$1,385$987$695$355
29 years$2,491$1,808$1,289$905$628$311
30 years$2,382$1,707$1,201$831$567$273
31 years$2,280$1,614$1,119$763$513$240
32 years$2,185$1,527$1,044$701$464$210
33 years$2,095$1,446$975$645$420$185
34 years$2,011$1,371$911$593$380$162
35 years$1,933$1,300$852$546$344$142
36 years$1,858$1,234$797$503$312$125
37 years$1,788$1,172$746$463$283$110
38 years$1,722$1,114$698$427$256$96
39 years$1,659$1,059$654$394$232$85
40 years$1,600$1,008$613$363$211$74
41 years$1,543$959$575$335$191$65
42 years$1,490$914$539$309$174$58
43 years$1,439$870$506$286$157$51
44 years$1,390$830$475$264$143$44
45 years$1,344$791$446$243$130$39
46 years$1,300$755$419$225$118$34
47 years$1,258$720$394$208$107$30
48 years$1,218$688$370$192$97$27
49 years$1,179$657$348$177$88$23
50 years$1,142$627$327$164$80$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,170,000, adding $5,895 every year, while hoping to spend $34,066 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: 75/11/14 Blend
29$1,170,000$1,170,000$1,170,000$1,170,000
30$1,295,421$1,233,411$1,215,276$1,388,300
31$1,391,308$1,257,602$1,219,741$1,474,653
32$1,495,833$1,281,837$1,223,215$1,564,441
33$1,609,843$1,306,081$1,225,627$1,661,919
34$1,734,267$1,330,299$1,226,906$1,767,840
35$1,870,129$1,354,450$1,226,974$1,883,035
36$2,018,556$1,378,493$1,225,751$2,008,419
37$2,180,789$1,402,380$1,223,155$2,145,001
38$2,358,195$1,426,062$1,219,096$2,293,892
39$2,552,278$1,449,486$1,213,483$2,456,315
40$2,764,695$1,472,594$1,206,219$2,633,619
41$2,997,268$1,495,326$1,197,201$2,827,290
42$3,252,007$1,517,614$1,186,325$3,038,964
43$3,531,123$1,539,389$1,173,478$3,270,447
44$3,837,052$1,560,574$1,158,545$3,523,725
45$4,172,478$1,581,088$1,141,403$3,800,989
46$4,540,355$1,600,846$1,121,923$4,104,653
47$4,943,936$1,619,753$1,099,973$4,437,376
48$5,386,808$1,637,711$1,075,413$4,802,091
49$5,872,919$1,654,615$1,048,095$5,202,027
50$6,406,617$1,670,351$1,017,867$5,640,743
51$6,992,694$1,684,801$984,568$6,122,164
52$7,636,429$1,697,836$948,030$6,650,611
53$8,343,634$1,709,319$908,079$7,230,850
54$9,120,715$1,719,107$864,530$7,868,132
55$9,974,729$1,727,043$817,192$8,568,242
56$10,913,448$1,732,966$765,866$9,337,559
57$11,945,438$1,736,699$710,340$10,183,110
58$13,080,133$1,738,058$650,397$11,112,641
59$14,327,930$1,736,846$585,809$12,134,688
60$15,700,281$1,732,853$516,335$13,258,659
61$17,209,805$1,725,859$441,728$14,494,922
62$18,870,406$1,715,626$361,726$15,854,903
63$20,697,402$1,701,906$276,059$17,351,195
64$22,707,671$1,684,434$184,441$18,997,677
65$24,919,810$1,662,928$86,576$20,809,643
66$27,354,310$1,637,091$0$22,803,951
67$30,033,749$1,606,607$0$25,001,847
68$32,983,003$1,571,143$0$27,435,111
69$36,229,484$1,530,344$0$30,113,411
70$39,803,396$1,483,835$0$33,061,667
71$43,738,020$1,431,221$0$36,307,340
72$48,070,028$1,372,081$0$39,880,691
73$52,839,829$1,305,970$0$43,815,066
74$58,091,949$1,232,421$0$48,147,212
75$63,875,453$1,150,934$0$52,917,624
76$70,244,405$1,060,986$0$58,170,924
77$77,258,380$962,020$0$63,956,287
78$84,983,026$853,450$0$70,327,903
79$93,490,681$734,656$0$77,345,487
80$102,861,057$604,981$0$85,074,845
81$113,181,994$463,733$0$93,588,497
82$124,550,282$310,181$0$102,966,356
83$137,072,583$143,552$0$113,296,488
84$150,866,432$0$0$124,675,941
85$166,061,344$0$0$137,216,135
86$182,800,044$0$0$151,049,614
87$201,239,806$0$0$166,288,986
88$221,553,939$0$0$183,077,491
89$243,933,425$0$0$201,572,976
90$268,588,719$0$0$221,949,380
91$295,751,738$0$0$244,398,380
92$325,678,044$0$0$269,131,199
93$358,649,261$0$0$296,380,596
94$394,975,732$0$0$326,403,070
95$434,999,448$0$0$359,481,272
96$479,097,272$0$0$395,926,682
97$527,684,502$0$0$436,082,541
98$581,218,788$0$0$480,327,095
99$640,204,451$0$0$529,077,163
100$705,197,244$0$0$582,792,074