Can I retire at age 30 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$117,262$116,218$115,199$114,204$113,233$109,740
2 years$58,051$56,969$55,922$54,906$53,920$50,432
3 years$38,316$37,230$36,185$35,179$34,209$30,835
4 years$28,451$27,368$26,333$25,344$24,398$21,163
5 years$22,533$21,457$20,436$19,467$18,547$15,461
6 years$18,589$17,521$16,515$15,568$14,676$11,740
7 years$15,773$14,714$13,724$12,799$11,935$9,151
8 years$13,662$12,613$11,639$10,737$9,902$7,266
9 years$12,021$10,982$10,025$9,145$8,339$5,849
10 years$10,709$9,680$8,740$7,883$7,105$4,758
11 years$9,636$8,617$7,694$6,861$6,110$3,902
12 years$8,743$7,735$6,829$6,018$5,295$3,221
13 years$7,988$6,990$6,101$5,313$4,617$2,672
14 years$7,341$6,354$5,482$4,716$4,048$2,226
15 years$6,781$5,804$4,949$4,206$3,564$1,861
16 years$6,291$5,325$4,487$3,766$3,150$1,560
17 years$5,860$4,904$4,083$3,384$2,793$1,311
18 years$5,476$4,532$3,727$3,049$2,483$1,103
19 years$5,134$4,200$3,412$2,755$2,213$930
20 years$4,826$3,903$3,132$2,496$1,977$785
21 years$4,548$3,635$2,880$2,265$1,769$664
22 years$4,295$3,393$2,655$2,059$1,586$562
23 years$4,065$3,174$2,451$1,875$1,424$475
24 years$3,855$2,974$2,267$1,711$1,280$403
25 years$3,661$2,791$2,100$1,562$1,151$341
26 years$3,483$2,623$1,947$1,428$1,037$290
27 years$3,318$2,468$1,808$1,307$935$246
28 years$3,165$2,326$1,681$1,198$844$209
29 years$3,023$2,194$1,564$1,098$762$177
30 years$2,891$2,072$1,457$1,008$688$150
31 years$2,767$1,959$1,358$926$622$128
32 years$2,651$1,854$1,267$851$563$108
33 years$2,543$1,755$1,183$782$509$92
34 years$2,441$1,664$1,106$720$461$78
35 years$2,346$1,578$1,034$663$418$67
36 years$2,255$1,498$967$610$379$57
37 years$2,170$1,422$905$562$343$48
38 years$2,090$1,352$848$518$311$41
39 years$2,014$1,285$794$478$282$35
40 years$1,941$1,223$744$441$256$30
41 years$1,873$1,164$698$407$232$25
42 years$1,808$1,109$655$375$211$21
43 years$1,746$1,056$614$347$191$18
44 years$1,687$1,007$577$320$173$15
45 years$1,631$960$541$295$158$13
46 years$1,578$916$509$273$143$11
47 years$1,527$874$478$252$130$9
48 years$1,478$835$449$233$118$8
49 years$1,431$797$422$215$107$7
50 years$1,386$761$397$199$97$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,420,000, adding $3,875 every year, while hoping to spend $32,833 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: 30/42/28 Blend
29$1,420,000$1,420,000$1,420,000$1,420,000
30$1,568,837$1,493,577$1,471,567$1,602,298
31$1,693,924$1,531,828$1,485,931$1,667,018
32$1,830,670$1,570,853$1,499,675$1,733,464
33$1,980,229$1,610,656$1,512,744$1,804,295
34$2,143,872$1,651,237$1,525,081$1,879,916
35$2,322,999$1,692,600$1,536,623$1,960,772
36$2,519,151$1,734,743$1,547,306$2,047,354
37$2,734,025$1,777,667$1,557,062$2,140,204
38$2,969,491$1,821,368$1,565,819$2,239,917
39$3,227,608$1,865,844$1,573,502$2,347,152
40$3,510,642$1,911,088$1,580,032$2,462,632
41$3,821,091$1,957,095$1,585,327$2,587,156
42$4,161,705$2,003,855$1,589,298$2,721,605
43$4,535,514$2,051,359$1,591,855$2,866,949
44$4,945,854$2,099,594$1,592,900$3,024,258
45$5,396,403$2,148,545$1,592,334$3,194,712
46$5,891,209$2,198,197$1,590,050$3,379,613
47$6,434,733$2,248,529$1,585,937$3,580,393
48$7,031,888$2,299,520$1,579,879$3,798,635
49$7,688,090$2,351,145$1,571,753$4,036,081
50$8,409,300$2,403,377$1,561,433$4,294,656
51$9,202,091$2,456,184$1,548,783$4,576,477
52$10,073,700$2,509,533$1,533,662$4,883,884
53$11,032,102$2,563,385$1,515,925$5,219,453
54$12,086,085$2,617,699$1,495,417$5,586,026
55$13,245,328$2,672,428$1,471,975$5,986,737
56$14,520,497$2,727,523$1,445,432$6,425,041
57$15,923,344$2,782,928$1,415,610$6,904,748
58$17,466,816$2,838,583$1,382,325$7,430,057
59$19,165,181$2,894,423$1,345,382$8,005,602
60$21,034,157$2,950,377$1,304,580$8,636,489
61$23,091,062$3,006,367$1,259,705$9,328,348
62$25,354,983$3,062,311$1,210,537$10,087,389
63$27,846,944$3,118,118$1,156,844$10,920,455
64$30,590,118$3,173,690$1,098,383$11,835,095
65$33,610,032$3,228,924$1,034,901$12,839,629
66$36,934,820$3,283,705$966,134$13,943,230
67$40,595,477$3,337,912$891,805$15,156,014
68$44,626,160$3,391,415$811,626$16,489,131
69$49,064,507$3,444,072$725,293$17,954,875
70$53,951,988$3,495,734$632,493$19,566,800
71$59,334,305$3,546,238$532,895$21,339,847
72$65,261,813$3,595,413$426,155$23,290,488
73$71,790,002$3,643,072$311,916$25,436,884
74$78,980,018$3,689,018$189,801$27,799,054
75$86,899,239$3,733,041$59,419$30,399,067
76$95,621,915$3,774,912$0$33,261,252
77$105,229,860$3,814,393$0$36,436,246
78$115,813,232$3,851,225$0$39,950,288
79$127,471,382$3,885,134$0$43,818,330
80$140,313,786$3,915,829$0$48,076,437
81$154,461,086$3,942,999$0$52,764,353
82$170,046,222$3,966,311$0$57,925,883
83$187,215,690$3,985,414$0$63,609,301
84$206,130,923$3,999,932$0$69,867,810
85$226,969,817$4,009,468$0$76,760,047
86$249,928,404$4,013,598$0$84,350,631
87$275,222,708$4,011,871$0$92,710,781
88$303,090,782$4,003,811$0$101,918,985
89$333,794,954$3,988,909$0$112,061,744
90$367,624,301$3,966,628$0$123,234,388
91$404,897,383$3,936,396$0$135,541,980
92$445,965,245$3,897,608$0$149,100,307
93$491,214,731$3,849,622$0$164,036,976
94$541,072,137$3,791,757$0$180,492,618
95$596,007,234$3,723,292$0$198,622,220
96$656,537,702$3,643,463$0$218,596,588
97$723,234,015$3,551,461$0$240,603,965
98$796,724,831$3,446,429$0$264,851,804
99$877,702,921$3,327,460$0$291,568,733
100$966,931,708$3,193,595$0$321,006,717