Can I retire at age 30 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$114,785$113,762$112,765$111,791$110,841$108,736
2 years$56,824$55,766$54,740$53,746$52,781$50,669
3 years$37,507$36,444$35,421$34,435$33,487$31,433
4 years$27,850$26,790$25,777$24,809$23,883$21,903
5 years$22,057$21,004$20,004$19,056$18,155$16,256
6 years$18,196$17,151$16,166$15,239$14,366$12,548
7 years$15,440$14,403$13,434$12,529$11,683$9,947
8 years$13,374$12,346$11,393$10,510$9,692$8,038
9 years$11,767$10,750$9,813$8,952$8,162$6,589
10 years$10,483$9,475$8,555$7,717$6,955$5,461
11 years$9,433$8,435$7,532$6,716$5,981$4,565
12 years$8,558$7,571$6,684$5,891$5,183$3,843
13 years$7,819$6,842$5,972$5,201$4,520$3,253
14 years$7,186$6,219$5,366$4,617$3,962$2,766
15 years$6,637$5,681$4,845$4,117$3,489$2,361
16 years$6,158$5,213$4,392$3,687$3,083$2,022
17 years$5,736$4,801$3,997$3,312$2,734$1,736
18 years$5,361$4,436$3,649$2,985$2,431$1,494
19 years$5,025$4,111$3,340$2,697$2,167$1,289
20 years$4,724$3,820$3,065$2,443$1,935$1,113
21 years$4,452$3,559$2,820$2,217$1,732$963
22 years$4,205$3,322$2,599$2,016$1,552$833
23 years$3,979$3,107$2,399$1,836$1,393$722
24 years$3,773$2,911$2,219$1,674$1,252$627
25 years$3,584$2,732$2,055$1,529$1,127$544
26 years$3,409$2,567$1,906$1,398$1,015$473
27 years$3,248$2,416$1,770$1,280$915$411
28 years$3,098$2,277$1,646$1,173$826$357
29 years$2,959$2,148$1,531$1,075$746$311
30 years$2,829$2,028$1,426$987$674$271
31 years$2,709$1,918$1,330$906$609$236
32 years$2,595$1,814$1,241$833$551$205
33 years$2,489$1,718$1,158$766$499$179
34 years$2,390$1,628$1,082$705$452$156
35 years$2,296$1,545$1,012$649$409$136
36 years$2,208$1,466$947$597$371$118
37 years$2,124$1,392$886$551$336$103
38 years$2,046$1,323$830$507$304$90
39 years$1,971$1,258$777$468$276$78
40 years$1,900$1,197$729$432$250$68
41 years$1,833$1,140$683$398$227$60
42 years$1,770$1,085$641$367$206$52
43 years$1,709$1,034$601$339$187$45
44 years$1,652$986$565$313$170$40
45 years$1,597$940$530$289$154$35
46 years$1,544$897$498$267$140$30
47 years$1,494$856$468$247$127$26
48 years$1,447$817$440$228$115$23
49 years$1,401$780$413$211$105$20
50 years$1,357$745$388$195$95$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,390,000, adding $2,859 every year, while hoping to spend $41,996 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: 45/35/20 Blend
29$1,390,000$1,390,000$1,390,000$1,390,000
30$1,534,729$1,461,059$1,439,514$1,594,842
31$1,646,588$1,487,968$1,443,054$1,664,246
32$1,768,449$1,514,787$1,445,306$1,735,087
33$1,901,288$1,541,469$1,446,181$1,811,041
34$2,046,179$1,567,960$1,445,587$1,892,600
35$2,204,304$1,594,205$1,443,429$1,980,312
36$2,376,964$1,620,143$1,439,606$2,074,778
37$2,565,593$1,645,707$1,434,010$2,176,663
38$2,771,765$1,670,829$1,426,532$2,286,700
39$2,997,219$1,695,434$1,417,054$2,405,699
40$3,243,865$1,719,439$1,405,455$2,534,553
41$3,513,808$1,742,761$1,391,607$2,674,247
42$3,809,366$1,765,306$1,375,375$2,825,871
43$4,133,091$1,786,976$1,356,620$2,990,623
44$4,487,794$1,807,665$1,335,195$3,169,831
45$4,876,571$1,827,262$1,310,945$3,364,954
46$5,302,829$1,845,646$1,283,710$3,577,608
47$5,770,325$1,862,690$1,253,321$3,809,571
48$6,283,193$1,878,257$1,219,603$4,062,810
49$6,845,990$1,892,202$1,182,370$4,339,491
50$7,463,731$1,904,371$1,141,430$4,642,006
51$8,141,945$1,914,598$1,096,581$4,972,994
52$8,886,720$1,922,710$1,047,613$5,335,367
53$9,704,762$1,928,519$994,304$5,732,336
54$10,603,459$1,931,828$936,425$6,167,446
55$11,590,951$1,932,427$873,735$6,644,605
56$12,676,205$1,930,092$805,982$7,168,127
57$13,869,098$1,924,587$732,902$7,742,769
58$15,180,513$1,915,660$654,222$8,373,779
59$16,622,442$1,903,043$569,654$9,066,946
60$18,208,092$1,886,453$478,899$9,828,654
61$19,952,019$1,865,591$381,644$10,665,947
62$21,870,258$1,840,138$277,562$11,586,591
63$23,980,476$1,809,756$166,312$12,599,155
64$26,302,139$1,774,089$47,538$13,713,086
65$28,856,694$1,732,756$0$14,938,806
66$31,667,774$1,685,359$0$16,304,710
67$34,761,417$1,631,471$0$17,818,491
68$38,166,312$1,570,643$0$19,484,057
69$41,914,072$1,502,401$0$21,316,909
70$46,039,530$1,426,242$0$23,334,135
71$50,581,066$1,341,632$0$25,554,573
72$55,580,973$1,248,010$0$27,998,987
73$61,085,850$1,144,780$0$30,690,267
74$67,147,047$1,031,315$0$33,653,647
75$73,821,145$906,948$0$36,916,939
76$81,170,491$770,978$0$40,510,804
77$89,263,788$622,662$0$44,469,037
78$98,176,739$461,217$0$48,828,892
79$107,992,764$285,815$0$53,631,432
80$118,803,787$95,581$0$58,921,920
81$130,711,101$0$0$64,750,247
82$143,826,324$0$0$71,213,929
83$158,272,455$0$0$78,374,315
84$174,185,031$0$0$86,261,802
85$191,713,406$0$0$94,950,451
86$211,022,163$0$0$104,521,876
87$232,292,663$0$0$115,066,011
88$255,724,761$0$0$126,681,959
89$281,538,688$0$0$139,478,929
90$309,977,131$0$0$153,577,265
91$341,307,521$0$0$169,109,584
92$375,824,563$0$0$186,222,023
93$413,853,008$0$0$205,075,623
94$455,750,726$0$0$225,847,848
95$501,912,080$0$0$248,734,257
96$552,771,648$0$0$273,950,353
97$608,808,324$0$0$301,733,614
98$670,549,842$0$0$332,345,737
99$738,577,751$0$0$366,075,110
100$813,532,909$0$0$403,239,526