Can I retire at age 30 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$110,656$109,670$108,709$107,770$106,853$105,562
2 years$54,780$53,760$52,771$51,813$50,883$49,583
3 years$36,157$35,133$34,146$33,197$32,282$31,014
4 years$26,848$25,826$24,850$23,916$23,024$21,798
5 years$21,263$20,248$19,285$18,370$17,502$16,322
6 years$17,542$16,534$15,585$14,691$13,849$12,716
7 years$14,885$13,885$12,951$12,078$11,263$10,177
8 years$12,893$11,902$10,983$10,132$9,344$8,305
9 years$11,344$10,363$9,460$8,630$7,869$6,877
10 years$10,106$9,135$8,248$7,439$6,705$5,759
11 years$9,093$8,132$7,261$6,474$5,766$4,866
12 years$8,250$7,299$6,444$5,679$4,997$4,141
13 years$7,538$6,596$5,757$5,014$4,357$3,544
14 years$6,927$5,996$5,173$4,451$3,820$3,049
15 years$6,399$5,477$4,670$3,969$3,363$2,633
16 years$5,937$5,025$4,234$3,554$2,972$2,282
17 years$5,529$4,628$3,853$3,193$2,635$1,983
18 years$5,168$4,276$3,517$2,878$2,343$1,728
19 years$4,845$3,963$3,220$2,600$2,089$1,508
20 years$4,554$3,683$2,955$2,355$1,866$1,319
21 years$4,292$3,430$2,718$2,137$1,670$1,156
22 years$4,053$3,202$2,505$1,943$1,496$1,014
23 years$3,836$2,995$2,313$1,770$1,343$891
24 years$3,637$2,806$2,139$1,614$1,207$783
25 years$3,455$2,633$1,981$1,474$1,086$689
26 years$3,286$2,475$1,838$1,348$979$607
27 years$3,131$2,329$1,706$1,234$882$535
28 years$2,987$2,195$1,586$1,130$796$471
29 years$2,853$2,071$1,476$1,037$719$416
30 years$2,728$1,955$1,375$951$650$367
31 years$2,611$1,849$1,282$874$587$324
32 years$2,502$1,749$1,196$803$531$286
33 years$2,400$1,656$1,117$738$481$253
34 years$2,304$1,570$1,043$679$435$224
35 years$2,213$1,489$976$625$394$198
36 years$2,128$1,413$913$576$357$175
37 years$2,048$1,342$854$531$324$155
38 years$1,972$1,276$800$489$294$137
39 years$1,900$1,213$749$451$266$121
40 years$1,832$1,154$702$416$241$107
41 years$1,767$1,099$659$384$219$95
42 years$1,706$1,046$618$354$199$84
43 years$1,648$997$580$327$180$74
44 years$1,592$950$544$302$164$66
45 years$1,539$906$511$279$149$58
46 years$1,489$864$480$258$135$52
47 years$1,441$825$451$238$123$46
48 years$1,394$788$424$220$111$40
49 years$1,350$752$398$203$101$36
50 years$1,308$718$374$188$92$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,340,000, adding $3,765 every year, while hoping to spend $25,062 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: 42/35/23 Blend
29$1,340,000$1,340,000$1,340,000$1,340,000
30$1,480,564$1,409,544$1,388,774$1,532,634
31$1,604,915$1,451,945$1,408,632$1,612,545
32$1,741,111$1,495,585$1,428,315$1,696,339
33$1,890,332$1,540,497$1,447,792$1,786,583
34$2,053,880$1,586,715$1,467,027$1,883,881
35$2,233,188$1,634,276$1,485,984$1,988,903
36$2,429,835$1,683,217$1,504,626$2,102,383
37$2,645,558$1,733,575$1,522,911$2,225,130
38$2,882,274$1,785,389$1,540,798$2,358,035
39$3,142,091$1,838,698$1,558,239$2,502,078
40$3,427,332$1,893,543$1,575,189$2,658,337
41$3,740,558$1,949,965$1,591,596$2,828,001
42$4,084,588$2,008,005$1,607,407$3,012,378
43$4,462,527$2,067,709$1,622,566$3,212,907
44$4,877,798$2,129,119$1,637,015$3,431,174
45$5,334,168$2,192,282$1,650,690$3,668,927
46$5,835,792$2,257,242$1,663,527$3,928,088
47$6,387,244$2,324,048$1,675,457$4,210,776
48$6,993,565$2,392,748$1,686,406$4,519,325
49$7,660,307$2,463,391$1,696,299$4,856,304
50$8,393,589$2,536,028$1,705,056$5,224,546
51$9,200,151$2,610,710$1,712,591$5,627,168
52$10,087,421$2,687,489$1,718,818$6,067,607
53$11,063,581$2,766,419$1,723,641$6,549,648
54$12,137,648$2,847,555$1,726,965$7,077,461
55$13,319,555$2,930,953$1,728,685$7,655,639
56$14,620,249$3,016,668$1,728,695$8,289,245
57$16,051,790$3,104,760$1,726,882$8,983,855
58$17,627,466$3,195,288$1,723,127$9,745,613
59$19,361,921$3,288,310$1,717,305$10,581,288
60$21,271,289$3,383,889$1,709,286$11,498,341
61$23,373,347$3,482,086$1,698,934$12,504,990
62$25,687,686$3,582,966$1,686,105$13,610,291
63$28,235,890$3,686,591$1,670,650$14,824,223
64$31,041,744$3,793,028$1,652,411$16,157,781
65$34,131,459$3,902,343$1,631,223$17,623,081
66$37,533,913$4,014,603$1,606,914$19,233,474
67$41,280,931$4,129,877$1,579,304$21,003,672
68$45,407,579$4,248,234$1,548,204$22,949,885
69$49,952,498$4,369,744$1,513,416$25,089,978
70$54,958,270$4,494,479$1,474,732$27,443,636
71$60,471,815$4,622,510$1,431,937$30,032,549
72$66,544,838$4,753,910$1,384,804$32,880,624
73$73,234,313$4,888,753$1,333,097$36,014,200
74$80,603,024$5,027,114$1,276,567$39,462,305
75$88,720,157$5,169,066$1,214,956$43,256,927
76$97,661,949$5,314,687$1,147,993$47,433,316
77$107,512,413$5,464,051$1,075,396$52,030,316
78$118,364,125$5,617,236$996,868$57,090,735
79$130,319,104$5,774,319$912,102$62,661,746
80$143,489,769$5,935,377$820,773$68,795,331
81$158,000,002$6,100,487$722,546$75,548,778
82$173,986,319$6,269,727$617,067$82,985,217
83$191,599,154$6,443,175$503,970$91,174,216
84$211,004,286$6,620,908$382,871$100,192,441
85$232,384,394$6,803,004$253,369$110,124,378
86$255,940,790$6,989,539$115,044$121,063,130
87$281,895,314$7,180,590$0$133,111,298
88$310,492,429$7,376,232$0$146,389,943
89$342,001,530$7,576,540$0$161,046,321
90$376,719,483$7,781,587$0$177,189,599
91$414,973,431$7,991,447$0$194,971,216
92$457,123,883$8,206,189$0$214,558,056
93$503,568,110$8,425,883$0$236,134,015
94$554,743,902$8,650,596$0$259,901,746
95$611,133,698$8,880,393$0$286,084,561
96$673,269,139$9,115,337$0$314,928,549
97$741,736,090$9,355,487$0$346,704,892
98$817,180,165$9,600,899$0$381,712,424
99$900,312,825$9,851,627$0$420,280,459
100$991,918,096$10,107,720$0$462,771,890