Can I retire at age 30 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$118,914$117,855$116,821$115,813$114,828$113,628
2 years$58,868$57,772$56,709$55,679$54,680$53,472
3 years$38,856$37,755$36,695$35,674$34,691$33,513
4 years$28,851$27,754$26,704$25,701$24,742$23,602
5 years$22,850$21,759$20,724$19,741$18,808$17,709
6 years$18,851$17,768$16,748$15,787$14,883$13,826
7 years$15,995$14,922$13,917$12,979$12,103$11,090
8 years$13,855$12,791$11,803$10,888$10,041$9,071
9 years$12,191$11,136$10,166$9,274$8,456$7,529
10 years$10,860$9,816$8,863$7,994$7,205$6,320
11 years$9,772$8,739$7,803$6,958$6,196$5,353
12 years$8,866$7,843$6,925$6,103$5,370$4,567
13 years$8,100$7,088$6,187$5,388$4,683$3,920
14 years$7,444$6,443$5,559$4,783$4,105$3,381
15 years$6,876$5,886$5,019$4,265$3,614$2,927
16 years$6,380$5,400$4,550$3,819$3,194$2,544
17 years$5,942$4,973$4,141$3,431$2,832$2,217
18 years$5,554$4,596$3,780$3,092$2,518$1,937
19 years$5,206$4,259$3,460$2,794$2,245$1,696
20 years$4,894$3,958$3,176$2,531$2,005$1,488
21 years$4,612$3,687$2,921$2,297$1,794$1,307
22 years$4,356$3,441$2,692$2,088$1,608$1,150
23 years$4,123$3,218$2,486$1,902$1,444$1,013
24 years$3,909$3,016$2,299$1,735$1,298$894
25 years$3,713$2,830$2,129$1,584$1,168$789
26 years$3,532$2,660$1,975$1,448$1,052$697
27 years$3,364$2,503$1,834$1,326$948$616
28 years$3,209$2,359$1,705$1,215$856$545
29 years$3,065$2,225$1,586$1,114$773$482
30 years$2,931$2,101$1,478$1,022$698$427
31 years$2,806$1,986$1,378$939$631$379
32 years$2,689$1,880$1,285$863$571$335
33 years$2,579$1,780$1,200$794$517$297
34 years$2,476$1,687$1,121$730$468$264
35 years$2,379$1,600$1,048$672$424$234
36 years$2,287$1,519$981$619$384$208
37 years$2,201$1,442$918$570$348$184
38 years$2,119$1,371$860$526$315$164
39 years$2,042$1,304$805$485$286$145
40 years$1,969$1,240$755$447$259$129
41 years$1,899$1,181$708$412$235$114
42 years$1,833$1,124$664$381$214$102
43 years$1,771$1,071$623$351$194$90
44 years$1,711$1,021$585$324$176$80
45 years$1,654$974$549$300$160$71
46 years$1,600$929$516$277$145$63
47 years$1,548$886$485$256$132$56
48 years$1,499$846$455$236$120$50
49 years$1,451$808$428$218$109$44
50 years$1,406$772$402$202$99$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,440,000, adding $5,717 every year, while hoping to spend $29,788 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: 70/18/12 Blend
29$1,440,000$1,440,000$1,440,000$1,440,000
30$1,592,777$1,516,457$1,494,137$1,699,812
31$1,723,546$1,559,069$1,512,496$1,814,177
32$1,866,655$1,602,771$1,530,473$1,935,136
33$2,023,332$1,647,585$1,548,021$2,066,721
34$2,194,927$1,693,532$1,565,095$2,209,973
35$2,382,929$1,740,634$1,581,645$2,366,036
36$2,588,977$1,788,915$1,597,620$2,536,175
37$2,814,877$1,838,395$1,612,964$2,721,777
38$3,062,615$1,889,097$1,627,619$2,924,375
39$3,334,382$1,941,044$1,641,525$3,145,654
40$3,632,590$1,994,256$1,654,617$3,387,471
41$3,959,896$2,048,756$1,666,828$3,651,871
42$4,319,225$2,104,565$1,678,087$3,941,106
43$4,713,802$2,161,704$1,688,318$4,257,659
44$5,147,177$2,220,195$1,697,444$4,604,262
45$5,623,261$2,280,057$1,705,381$4,983,927
46$6,146,366$2,341,312$1,712,043$5,399,972
47$6,721,237$2,403,978$1,717,339$5,856,051
48$7,353,106$2,468,075$1,721,172$6,356,191
49$8,047,733$2,533,621$1,723,442$6,904,827
50$8,811,468$2,600,635$1,724,043$7,506,847
51$9,651,304$2,669,132$1,722,864$8,167,635
52$10,574,946$2,739,129$1,719,790$8,893,125
53$11,590,886$2,810,641$1,714,698$9,689,854
54$12,708,476$2,883,683$1,707,460$10,565,023
55$13,938,023$2,958,265$1,697,942$11,526,569
56$15,290,882$3,034,401$1,686,004$12,583,237
57$16,779,564$3,112,099$1,671,498$13,744,662
58$18,417,857$3,191,369$1,654,270$15,021,460
59$20,220,948$3,272,216$1,634,158$16,425,330
60$22,205,576$3,354,646$1,610,993$17,969,164
61$24,390,182$3,438,660$1,584,598$19,667,166
62$26,795,086$3,524,260$1,554,788$21,534,988
63$29,442,679$3,611,443$1,521,368$23,589,878
64$32,357,633$3,700,205$1,484,134$25,850,843
65$35,567,134$3,790,537$1,442,875$28,338,826
66$39,101,138$3,882,431$1,397,368$31,076,905
67$42,992,655$3,975,870$1,347,381$34,090,514
68$47,278,057$4,070,839$1,292,670$37,407,677
69$51,997,425$4,167,317$1,232,981$41,059,277
70$57,194,925$4,265,277$1,168,047$45,079,345
71$62,919,223$4,364,692$1,097,592$49,505,384
72$69,223,947$4,465,525$1,021,325$54,378,720
73$76,168,192$4,567,739$938,943$59,744,894
74$83,817,078$4,671,288$850,127$65,654,091
75$92,242,362$4,776,123$754,548$72,161,615
76$101,523,116$4,882,187$651,860$79,328,410
77$111,746,477$4,989,417$541,700$87,221,635
78$123,008,463$5,097,743$423,692$95,915,300
79$135,414,882$5,207,089$297,441$105,490,962
80$149,082,332$5,317,368$162,538$116,038,498
81$164,139,299$5,428,488$18,552$127,656,951
82$180,727,369$5,540,345$0$140,455,467
83$199,002,567$5,652,829$0$154,571,622
84$219,136,827$5,765,815$0$170,124,325
85$241,319,615$5,879,172$0$187,257,327
86$265,759,719$5,992,755$0$206,131,658
87$292,687,217$6,106,406$0$226,924,770
88$322,355,650$6,219,957$0$249,832,215
89$355,044,414$6,333,223$0$275,069,482
90$391,061,400$6,446,006$0$302,874,041
91$430,745,896$6,558,094$0$333,507,578
92$474,471,792$6,669,255$0$367,258,468
93$522,651,108$6,779,242$0$404,444,497
94$575,737,885$6,887,789$0$445,415,861
95$634,232,469$6,994,610$0$490,558,473
96$698,686,234$7,099,399$0$540,297,604
97$769,706,788$7,201,828$0$595,101,902
98$847,963,707$7,301,544$0$655,487,810
99$934,194,856$7,398,171$0$722,024,446
100$1,029,213,357$7,491,306$0$795,338,976