Can I retire at age 30 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$122,217$121,128$120,066$119,030$118,017$114,931
2 years$60,503$59,377$58,285$57,226$56,199$53,111
3 years$39,935$38,803$37,714$36,665$35,655$32,661
4 years$29,653$28,525$27,446$26,415$25,429$22,553
5 years$23,485$22,364$21,299$20,289$19,331$16,580
6 years$19,375$18,262$17,213$16,226$15,296$12,674
7 years$16,440$15,336$14,304$13,340$12,440$9,946
8 years$14,239$13,146$12,131$11,191$10,320$7,953
9 years$12,529$11,446$10,448$9,532$8,691$6,449
10 years$11,162$10,089$9,109$8,217$7,405$5,286
11 years$10,044$8,982$8,020$7,151$6,369$4,368
12 years$9,112$8,061$7,117$6,272$5,519$3,634
13 years$8,325$7,285$6,359$5,537$4,813$3,040
14 years$7,651$6,622$5,713$4,916$4,219$2,553
15 years$7,067$6,049$5,158$4,384$3,714$2,153
16 years$6,557$5,550$4,677$3,925$3,283$1,820
17 years$6,107$5,111$4,256$3,527$2,911$1,543
18 years$5,708$4,723$3,885$3,178$2,588$1,310
19 years$5,351$4,377$3,556$2,872$2,307$1,115
20 years$5,030$4,068$3,264$2,601$2,061$950
21 years$4,740$3,789$3,002$2,361$1,844$810
22 years$4,477$3,537$2,767$2,146$1,653$692
23 years$4,237$3,308$2,555$1,955$1,484$591
24 years$4,017$3,099$2,363$1,783$1,334$506
25 years$3,816$2,909$2,188$1,628$1,200$433
26 years$3,630$2,734$2,030$1,489$1,081$371
27 years$3,458$2,573$1,885$1,363$975$318
28 years$3,299$2,424$1,752$1,248$879$272
29 years$3,151$2,287$1,630$1,145$794$233
30 years$3,013$2,160$1,519$1,051$717$200
31 years$2,884$2,042$1,416$965$649$172
32 years$2,763$1,932$1,321$887$587$147
33 years$2,650$1,829$1,233$816$531$126
34 years$2,544$1,734$1,152$750$481$108
35 years$2,445$1,645$1,077$691$435$93
36 years$2,351$1,561$1,008$636$395$80
37 years$2,262$1,483$943$586$358$69
38 years$2,178$1,409$883$540$324$59
39 years$2,099$1,340$828$498$294$51
40 years$2,023$1,275$776$459$267$43
41 years$1,952$1,213$727$424$242$37
42 years$1,884$1,156$682$391$220$32
43 years$1,820$1,101$640$361$199$28
44 years$1,758$1,050$601$333$181$24
45 years$1,700$1,001$564$308$164$20
46 years$1,644$955$530$284$149$17
47 years$1,591$911$498$263$135$15
48 years$1,540$870$468$243$123$13
49 years$1,492$831$440$224$112$11
50 years$1,445$793$414$207$101$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,480,000, adding $6,173 every year, while hoping to spend $36,725 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: 30/47/23 Blend
29$1,480,000$1,480,000$1,480,000$1,480,000
30$1,637,327$1,558,887$1,535,947$1,674,591
31$1,765,260$1,596,198$1,548,327$1,741,010
32$1,905,010$1,634,106$1,559,890$1,808,725
33$2,057,746$1,672,601$1,570,570$1,880,816
34$2,224,750$1,711,673$1,580,299$1,957,684
35$2,407,439$1,751,309$1,589,003$2,039,774
36$2,607,368$1,791,494$1,596,605$2,127,576
37$2,826,253$1,832,210$1,603,024$2,221,627
38$3,065,981$1,873,439$1,608,176$2,322,524
39$3,328,632$1,915,158$1,611,971$2,430,922
40$3,616,496$1,957,345$1,614,316$2,547,543
41$3,932,096$1,999,971$1,615,112$2,673,185
42$4,278,207$2,043,008$1,614,256$2,808,727
43$4,657,891$2,086,422$1,611,641$2,955,140
44$5,074,517$2,130,178$1,607,152$3,113,492
45$5,531,797$2,174,235$1,600,670$3,284,962
46$6,033,819$2,218,552$1,592,071$3,470,853
47$6,585,087$2,263,079$1,581,224$3,672,597
48$7,190,563$2,307,767$1,567,993$3,891,779
49$7,855,712$2,352,560$1,552,232$4,130,143
50$8,586,555$2,397,396$1,533,792$4,389,614
51$9,389,726$2,442,210$1,512,516$4,672,315
52$10,272,531$2,486,931$1,488,238$4,980,589
53$11,243,021$2,531,483$1,460,787$5,317,018
54$12,310,066$2,575,783$1,429,980$5,684,451
55$13,483,438$2,619,741$1,395,629$6,086,029
56$14,773,903$2,663,262$1,357,537$6,525,218
57$16,193,322$2,706,244$1,315,496$7,005,840
58$17,754,766$2,748,574$1,269,290$7,532,109
59$19,472,633$2,790,135$1,218,692$8,108,673
60$21,362,789$2,830,800$1,163,466$8,740,660
61$23,442,716$2,870,431$1,103,364$9,433,722
62$25,731,674$2,908,883$1,038,127$10,194,094
63$28,250,886$2,946,000$967,486$11,028,652
64$31,023,738$2,981,615$891,158$11,944,976
65$34,075,995$3,015,550$808,848$12,951,427
66$37,436,049$3,047,615$720,247$14,057,226
67$41,135,184$3,077,606$625,033$15,272,537
68$45,207,872$3,105,308$522,871$16,608,572
69$49,692,096$3,130,489$413,408$18,077,689
70$54,629,711$3,152,904$296,279$19,693,519
71$60,066,837$3,172,292$171,100$21,471,090
72$66,054,294$3,188,374$37,472$23,426,969
73$72,648,082$3,200,854$0$25,579,426
74$79,909,909$3,209,418$0$27,974,403
75$87,907,770$3,213,731$0$30,619,799
76$96,716,596$3,213,437$0$33,531,002
77$106,418,953$3,208,159$0$36,735,122
78$117,105,823$3,197,496$0$40,262,040
79$128,877,467$3,181,023$0$44,144,691
80$141,844,364$3,158,288$0$48,419,377
81$156,128,258$3,128,814$0$53,126,108
82$171,863,306$3,092,091$0$58,308,987
83$189,197,344$3,047,584$0$64,016,620
84$208,293,278$2,994,721$0$70,302,584
85$229,330,629$2,932,899$0$77,225,928
86$252,507,219$2,861,477$0$84,851,738
87$278,041,045$2,779,779$0$93,251,746
88$306,172,332$2,687,088$0$102,505,017
89$337,165,799$2,582,645$0$112,698,692
90$371,313,162$2,465,646$0$123,928,814
91$408,935,885$2,335,243$0$136,301,240
92$450,388,211$2,190,536$0$149,932,639
93$496,060,513$2,030,576$0$164,951,598
94$546,382,969$1,854,359$0$181,499,836
95$601,829,631$1,660,821$0$199,733,551
96$662,922,894$1,448,842$0$219,824,891
97$730,238,428$1,217,234$0$241,963,588
98$804,410,616$964,747$0$266,358,748
99$886,138,534$690,055$0$293,240,832
100$976,192,558$391,761$0$322,863,836