Can I retire at age 30 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$98,269$97,394$96,540$95,706$94,892$93,862
2 years$48,648$47,742$46,864$46,013$45,187$44,150
3 years$32,110$31,200$30,324$29,481$28,668$27,656
4 years$23,842$22,935$22,068$21,239$20,447$19,467
5 years$18,883$17,982$17,126$16,314$15,543$14,600
6 years$15,578$14,683$13,840$13,046$12,299$11,392
7 years$13,218$12,331$11,501$10,726$10,002$9,133
8 years$11,449$10,570$9,754$8,998$8,298$7,466
9 years$10,074$9,203$8,401$7,664$6,988$6,193
10 years$8,975$8,112$7,324$6,607$5,954$5,196
11 years$8,076$7,222$6,448$5,750$5,121$4,398
12 years$7,327$6,482$5,723$5,043$4,437$3,750
13 years$6,694$5,858$5,113$4,452$3,870$3,216
14 years$6,152$5,324$4,594$3,952$3,392$2,772
15 years$5,682$4,864$4,148$3,525$2,987$2,399
16 years$5,272$4,463$3,760$3,156$2,640$2,083
17 years$4,910$4,110$3,422$2,836$2,340$1,814
18 years$4,589$3,798$3,124$2,556$2,081$1,584
19 years$4,302$3,520$2,860$2,309$1,855$1,386
20 years$4,044$3,271$2,624$2,091$1,657$1,215
21 years$3,811$3,046$2,414$1,898$1,483$1,067
22 years$3,600$2,844$2,225$1,726$1,329$938
23 years$3,407$2,660$2,054$1,572$1,193$826
24 years$3,230$2,492$1,900$1,433$1,072$728
25 years$3,068$2,339$1,760$1,309$965$642
26 years$2,919$2,198$1,632$1,197$869$566
27 years$2,780$2,069$1,515$1,096$784$500
28 years$2,652$1,949$1,409$1,004$707$442
29 years$2,533$1,839$1,311$921$638$391
30 years$2,422$1,737$1,221$845$577$346
31 years$2,319$1,642$1,138$776$522$306
32 years$2,222$1,553$1,062$713$472$271
33 years$2,131$1,471$992$656$427$240
34 years$2,046$1,394$927$603$387$213
35 years$1,966$1,322$866$555$350$189
36 years$1,890$1,255$810$512$317$167
37 years$1,819$1,192$759$471$288$148
38 years$1,751$1,133$710$434$261$132
39 years$1,687$1,077$666$401$236$117
40 years$1,627$1,025$624$369$214$104
41 years$1,570$976$585$341$195$92
42 years$1,515$929$549$315$176$82
43 years$1,463$885$515$290$160$72
44 years$1,414$844$483$268$145$64
45 years$1,367$805$454$248$132$57
46 years$1,322$768$426$229$120$51
47 years$1,279$733$400$211$109$45
48 years$1,238$699$376$195$99$40
49 years$1,199$668$354$180$90$35
50 years$1,162$638$333$167$82$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,190,000, adding $6,694 every year, while hoping to spend $59,372 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: 54/22/24 Blend
29$1,190,000$1,190,000$1,190,000$1,190,000
30$1,318,285$1,255,215$1,236,770$1,380,422
31$1,389,579$1,253,549$1,215,030$1,422,249
32$1,466,154$1,249,812$1,190,573$1,461,036
33$1,548,488$1,243,839$1,163,243$1,502,025
34$1,637,103$1,235,456$1,132,881$1,545,449
35$1,732,573$1,224,478$1,099,317$1,591,564
36$1,835,527$1,210,710$1,062,376$1,640,656
37$1,946,660$1,193,943$1,021,875$1,693,045
38$2,066,731$1,173,958$977,619$1,749,085
39$2,196,576$1,150,521$929,409$1,809,170
40$2,337,116$1,123,386$877,033$1,873,737
41$2,489,361$1,092,290$820,272$1,943,274
42$2,654,421$1,056,958$758,896$2,018,320
43$2,833,518$1,017,095$692,665$2,099,477
44$3,027,995$972,391$621,329$2,187,409
45$3,239,332$922,519$544,624$2,282,856
46$3,469,153$867,132$462,278$2,386,637
47$3,719,247$805,862$374,005$2,499,662
48$3,991,582$738,321$279,506$2,622,939
49$4,288,324$664,100$178,470$2,757,583
50$4,611,856$582,764$70,572$2,904,834
51$4,964,802$493,855$0$3,066,062
52$5,350,047$396,890$0$3,254,201
53$5,770,771$291,357$0$3,479,546
54$6,230,472$176,716$0$3,725,962
55$6,733,002$52,396$0$3,995,610
56$7,282,601$0$0$4,290,873
57$7,883,938$0$0$4,634,282
58$8,542,154$0$0$5,024,169
59$9,262,912$0$0$5,451,216
60$10,052,445$0$0$5,919,131
61$10,917,618$0$0$6,431,998
62$11,865,994$0$0$6,994,314
63$12,905,899$0$0$7,611,034
64$14,046,506$0$0$8,287,612
65$15,297,918$0$0$9,030,060
66$16,671,262$0$0$9,844,997
67$18,178,795$0$0$10,739,714
68$19,834,019$0$0$11,722,244
69$21,651,807$0$0$12,801,435
70$23,648,543$0$0$13,987,034
71$25,842,276$0$0$15,289,780
72$28,252,889$0$0$16,721,501
73$30,902,288$0$0$18,295,232
74$33,814,606$0$0$20,025,330
75$37,016,429$0$0$21,927,613
76$40,537,048$0$0$24,019,509
77$44,408,737$0$0$26,320,221
78$48,667,050$0$0$28,850,902
79$53,351,163$0$0$31,634,863
80$58,504,238$0$0$34,697,784
81$64,173,832$0$0$38,067,963
82$70,412,341$0$0$41,776,576
83$77,277,502$0$0$45,857,977
84$84,832,926$0$0$50,350,017
85$93,148,707$0$0$55,294,402
86$102,302,076$0$0$60,737,089
87$112,378,134$0$0$66,728,713
88$123,470,648$0$0$73,325,071
89$135,682,942$0$0$80,587,643
90$149,128,867$0$0$88,584,175
91$163,933,873$0$0$97,389,316
92$180,236,196$0$0$107,085,322
93$198,188,160$0$0$117,762,833
94$217,957,612$0$0$129,521,727
95$239,729,508$0$0$142,472,061
96$263,707,653$0$0$156,735,111
97$290,116,630$0$0$172,444,516
98$319,203,913$0$0$189,747,537
99$351,242,204$0$0$208,806,446
100$386,532,004$0$0$229,800,062