Can I retire at age 30 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$121,391$120,310$119,255$118,225$117,220$113,513
2 years$60,095$58,975$57,891$56,839$55,819$52,118
3 years$39,665$38,541$37,459$36,417$35,414$31,835
4 years$29,452$28,332$27,261$26,237$25,257$21,828
5 years$23,326$22,212$21,155$20,152$19,200$15,929
6 years$19,244$18,138$17,097$16,116$15,193$12,083
7 years$16,329$15,232$14,207$13,250$12,356$9,407
8 years$14,143$13,057$12,049$11,115$10,250$7,461
9 years$12,444$11,368$10,378$9,467$8,632$5,999
10 years$11,086$10,021$9,048$8,161$7,355$4,874
11 years$9,976$8,921$7,965$7,103$6,326$3,992
12 years$9,051$8,007$7,069$6,230$5,482$3,290
13 years$8,269$7,236$6,316$5,500$4,780$2,726
14 years$7,599$6,577$5,675$4,882$4,190$2,268
15 years$7,020$6,008$5,124$4,354$3,689$1,893
16 years$6,513$5,513$4,645$3,899$3,261$1,585
17 years$6,066$5,077$4,227$3,503$2,891$1,329
18 years$5,669$4,691$3,859$3,157$2,571$1,117
19 years$5,315$4,348$3,532$2,852$2,291$941
20 years$4,996$4,040$3,242$2,583$2,047$793
21 years$4,708$3,763$2,982$2,345$1,831$669
22 years$4,447$3,513$2,748$2,132$1,642$565
23 years$4,208$3,286$2,538$1,942$1,474$478
24 years$3,990$3,078$2,347$1,771$1,325$404
25 years$3,790$2,889$2,174$1,617$1,192$342
26 years$3,605$2,715$2,016$1,479$1,074$290
27 years$3,435$2,555$1,872$1,353$968$245
28 years$3,276$2,408$1,740$1,240$873$208
29 years$3,129$2,271$1,619$1,137$789$176
30 years$2,992$2,145$1,508$1,044$713$149
31 years$2,864$2,028$1,406$958$644$127
32 years$2,745$1,919$1,312$881$583$107
33 years$2,633$1,817$1,225$810$527$91
34 years$2,527$1,722$1,145$745$478$77
35 years$2,428$1,633$1,070$686$433$66
36 years$2,335$1,550$1,001$632$392$56
37 years$2,247$1,473$937$582$355$47
38 years$2,163$1,399$877$537$322$40
39 years$2,084$1,331$822$495$292$34
40 years$2,010$1,266$771$456$265$29
41 years$1,939$1,205$723$421$240$24
42 years$1,872$1,148$678$389$218$21
43 years$1,808$1,094$636$359$198$18
44 years$1,747$1,042$597$331$180$15
45 years$1,689$994$561$306$163$13
46 years$1,633$948$526$283$148$11
47 years$1,580$905$495$261$134$9
48 years$1,530$864$465$241$122$8
49 years$1,481$825$437$223$111$7
50 years$1,435$788$411$206$101$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,470,000, adding $5,063 every year, while hoping to spend $44,806 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: 47/29/24 Blend
29$1,470,000$1,470,000$1,470,000$1,470,000
30$1,625,162$1,547,252$1,524,467$1,690,189
31$1,743,256$1,575,395$1,527,864$1,764,470
32$1,871,893$1,603,414$1,529,872$1,840,224
33$2,012,102$1,631,257$1,530,399$1,921,553
34$2,165,015$1,658,867$1,529,346$2,009,003
35$2,331,876$1,686,182$1,526,609$2,103,174
36$2,514,058$1,713,135$1,522,080$2,204,728
37$2,713,068$1,739,655$1,515,647$2,314,398
38$2,930,569$1,765,666$1,507,188$2,432,992
39$3,168,389$1,791,085$1,496,581$2,561,402
40$3,428,541$1,815,825$1,483,694$2,700,610
41$3,713,245$1,839,793$1,468,389$2,851,703
42$4,024,940$1,862,887$1,450,525$3,015,881
43$4,366,316$1,885,000$1,429,949$3,194,465
44$4,740,333$1,906,018$1,406,506$3,388,915
45$5,150,253$1,925,819$1,380,029$3,600,843
46$5,599,666$1,944,272$1,350,348$3,832,026
47$6,092,528$1,961,237$1,317,281$4,084,426
48$6,633,196$1,976,568$1,280,639$4,360,208
49$7,226,467$1,990,105$1,240,226$4,661,760
50$7,877,628$2,001,681$1,195,835$4,991,717
51$8,592,500$2,011,117$1,147,249$5,352,987
52$9,377,496$2,018,224$1,094,244$5,748,779
53$10,239,682$2,022,798$1,036,582$6,182,631
54$11,186,840$2,024,625$974,018$6,658,447
55$12,227,543$2,023,478$906,293$7,180,537
56$13,371,237$2,019,113$833,139$7,753,650
57$14,628,327$2,011,273$754,272$8,383,030
58$16,010,277$1,999,686$669,401$9,074,456
59$17,529,716$1,984,061$578,217$9,834,308
60$19,200,559$1,964,092$480,399$10,669,618
61$21,038,137$1,939,454$375,613$11,588,146
62$23,059,340$1,909,800$263,509$12,598,448
63$25,282,779$1,874,765$143,723$13,709,961
64$27,728,956$1,833,963$15,871$14,933,094
65$30,420,465$1,786,982$0$16,279,324
66$33,382,197$1,733,389$0$17,792,185
67$36,641,579$1,672,723$0$19,461,103
68$40,228,832$1,604,498$0$21,297,514
69$44,177,253$1,528,199$0$23,318,508
70$48,523,534$1,443,282$0$25,542,920
71$53,308,101$1,349,170$0$27,991,513
72$58,575,502$1,245,254$0$30,687,176
73$64,374,823$1,130,891$0$33,655,132
74$70,760,149$1,005,399$0$36,923,190
75$77,791,080$868,059$0$40,521,997
76$85,533,289$718,112$0$44,485,336
77$94,059,139$554,755$0$48,850,441
78$103,448,372$377,138$0$53,658,355
79$113,788,855$184,367$0$58,954,315
80$125,177,414$0$0$64,788,181
81$137,720,741$0$0$71,222,728
82$151,536,407$0$0$78,375,002
83$166,753,968$0$0$86,253,265
84$183,516,187$0$0$94,931,457
85$201,980,382$0$0$104,491,056
86$222,319,910$0$0$115,021,847
87$244,725,801$0$0$126,622,769
88$269,408,565$0$0$139,402,848
89$296,600,174$0$0$153,482,229
90$326,556,253$0$0$168,993,307
91$359,558,492$0$0$186,081,974
92$395,917,305$0$0$204,909,004
93$435,974,757$0$0$225,651,560
94$480,107,798$0$0$248,504,875
95$528,731,812$0$0$273,684,089
96$582,304,547$0$0$301,426,282
97$641,330,425$0$0$331,992,711
98$706,365,314$0$0$365,671,276
99$778,021,767$0$0$402,779,236
100$856,974,803$0$0$443,666,207