Can I retire at age 30 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$97,443$96,575$95,728$94,902$94,095$90,974
2 years$48,239$47,341$46,470$45,626$44,807$41,693
3 years$31,840$30,938$30,069$29,233$28,427$25,418
4 years$23,642$22,743$21,883$21,061$20,275$17,393
5 years$18,725$17,830$16,982$16,177$15,413$12,666
6 years$15,447$14,560$13,724$12,937$12,195$9,587
7 years$13,107$12,227$11,405$10,636$9,918$7,447
8 years$11,353$10,481$9,672$8,922$8,228$5,892
9 years$9,989$9,126$8,331$7,600$6,929$4,726
10 years$8,899$8,044$7,263$6,551$5,904$3,830
11 years$8,008$7,161$6,394$5,701$5,078$3,129
12 years$7,265$6,427$5,675$5,001$4,400$2,572
13 years$6,638$5,808$5,070$4,415$3,837$2,125
14 years$6,100$5,280$4,555$3,919$3,364$1,763
15 years$5,635$4,823$4,113$3,495$2,962$1,468
16 years$5,228$4,425$3,729$3,130$2,617$1,225
17 years$4,869$4,075$3,393$2,812$2,321$1,025
18 years$4,551$3,766$3,097$2,534$2,064$859
19 years$4,266$3,490$2,836$2,290$1,839$721
20 years$4,010$3,243$2,602$2,074$1,643$606
21 years$3,779$3,021$2,394$1,882$1,470$510
22 years$3,569$2,820$2,206$1,711$1,318$429
23 years$3,378$2,637$2,037$1,558$1,183$362
24 years$3,203$2,471$1,884$1,421$1,063$305
25 years$3,042$2,319$1,745$1,298$957$257
26 years$2,894$2,179$1,618$1,187$862$217
27 years$2,757$2,051$1,503$1,086$777$183
28 years$2,630$1,933$1,397$995$701$155
29 years$2,512$1,823$1,300$913$633$131
30 years$2,402$1,722$1,211$838$572$110
31 years$2,299$1,628$1,129$769$517$93
32 years$2,203$1,540$1,053$707$468$79
33 years$2,113$1,459$983$650$423$67
34 years$2,029$1,382$919$598$383$56
35 years$1,949$1,311$859$551$347$48
36 years$1,874$1,245$804$507$315$40
37 years$1,803$1,182$752$467$285$34
38 years$1,736$1,123$704$431$258$29
39 years$1,673$1,068$660$397$234$24
40 years$1,613$1,016$619$366$213$21
41 years$1,556$967$580$338$193$17
42 years$1,502$921$544$312$175$15
43 years$1,451$878$511$288$159$12
44 years$1,402$837$479$266$144$11
45 years$1,355$798$450$246$131$9
46 years$1,311$761$423$227$119$8
47 years$1,269$726$397$210$108$6
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$5
50 years$1,152$633$330$165$81$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,180,000, adding $5,967 every year, while hoping to spend $47,672 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: 68/18/14 Blend
29$1,180,000$1,180,000$1,180,000$1,180,000
30$1,306,515$1,243,975$1,225,685$1,390,772
31$1,389,057$1,254,207$1,216,023$1,457,873
32$1,478,420$1,263,343$1,204,439$1,525,019
33$1,575,251$1,271,278$1,190,819$1,597,245
34$1,680,258$1,277,902$1,175,043$1,675,042
35$1,794,222$1,283,097$1,156,985$1,758,955
36$1,918,002$1,286,738$1,136,513$1,849,586
37$2,052,541$1,288,692$1,113,490$1,947,597
38$2,198,879$1,288,817$1,087,771$2,053,719
39$2,358,159$1,286,962$1,059,205$2,168,757
40$2,531,637$1,282,969$1,027,634$2,293,603
41$2,720,697$1,276,669$992,893$2,429,236
42$2,926,864$1,267,880$954,810$2,576,740
43$3,151,811$1,256,414$913,204$2,737,308
44$3,397,386$1,242,068$867,886$2,912,257
45$3,665,617$1,224,628$818,659$3,103,042
46$3,958,742$1,203,866$765,315$3,311,264
47$4,279,221$1,179,543$707,641$3,538,691
48$4,629,765$1,151,404$645,410$3,787,275
49$5,013,358$1,119,179$578,388$4,059,166
50$5,433,284$1,082,583$506,328$4,356,737
51$5,893,163$1,041,313$428,974$4,682,605
52$6,396,978$995,051$346,057$5,039,658
53$6,949,118$943,456$257,298$5,431,079
54$7,554,415$886,173$162,405$5,860,380
55$8,218,192$822,822$61,072$6,331,435
56$8,946,311$753,003$0$6,848,514
57$9,745,229$676,294$0$7,423,359
58$10,622,057$592,248$0$8,064,329
59$11,584,631$500,392$0$8,768,070
60$12,641,580$400,228$0$9,540,957
61$13,802,409$291,228$0$10,390,012
62$15,077,593$172,835$0$11,322,979
63$16,478,666$44,463$0$12,348,389
64$18,018,338$0$0$13,475,650
65$19,710,610$0$0$14,733,850
66$21,570,908$0$0$16,126,734
67$23,616,226$0$0$17,658,227
68$25,865,286$0$0$19,342,359
69$28,338,716$0$0$21,194,588
70$31,059,244$0$0$23,231,941
71$34,051,911$0$0$25,473,184
72$37,344,305$0$0$27,938,987
73$40,966,825$0$0$30,652,131
74$44,952,964$0$0$33,637,711
75$49,339,626$0$0$36,923,380
76$54,167,474$0$0$40,539,609
77$59,481,312$0$0$44,519,969
78$65,330,506$0$0$48,901,454
79$71,769,455$0$0$53,724,824
80$78,858,096$0$0$59,034,994
81$86,662,476$0$0$64,881,453
82$95,255,369$0$0$71,318,736
83$104,716,967$0$0$78,406,931
84$115,135,633$0$0$86,212,253
85$126,608,735$0$0$94,807,665
86$139,243,565$0$0$104,273,564
87$153,158,351$0$0$114,698,543
88$168,483,372$0$0$126,180,227
89$185,362,185$0$0$138,826,188
90$203,952,983$0$0$152,754,969
91$224,430,084$0$0$168,097,193
92$246,985,576$0$0$184,996,802
93$271,831,133$0$0$203,612,413
94$299,200,007$0$0$224,118,813
95$329,349,233$0$0$246,708,611
96$362,562,050$0$0$271,594,053
97$399,150,579$0$0$299,009,027
98$439,458,765$0$0$329,211,268
99$483,865,624$0$0$362,484,792
100$532,788,816$0$0$399,142,576