Can I retire at age 30 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$99,095$98,212$97,351$96,510$95,690$92,368
2 years$49,057$48,143$47,258$46,399$45,567$42,254
3 years$32,380$31,462$30,579$29,728$28,909$25,711
4 years$24,043$23,128$22,254$21,418$20,618$17,558
5 years$19,042$18,133$17,270$16,451$15,674$12,759
6 years$15,709$14,807$13,956$13,156$12,402$9,636
7 years$13,329$12,435$11,598$10,816$10,086$7,468
8 years$11,546$10,659$9,836$9,073$8,367$5,895
9 years$10,159$9,280$8,472$7,729$7,047$4,717
10 years$9,050$8,180$7,386$6,662$6,004$3,813
11 years$8,143$7,282$6,502$5,798$5,164$3,107
12 years$7,388$6,536$5,771$5,086$4,475$2,547
13 years$6,750$5,907$5,156$4,490$3,902$2,099
14 years$6,204$5,369$4,632$3,986$3,421$1,736
15 years$5,730$4,905$4,182$3,554$3,012$1,441
16 years$5,316$4,500$3,792$3,183$2,662$1,199
17 years$4,952$4,144$3,451$2,860$2,360$1,000
18 years$4,628$3,830$3,150$2,577$2,098$836
19 years$4,339$3,549$2,884$2,329$1,870$699
20 years$4,078$3,298$2,646$2,109$1,671$586
21 years$3,843$3,072$2,434$1,914$1,495$491
22 years$3,630$2,868$2,244$1,740$1,340$413
23 years$3,435$2,682$2,071$1,585$1,203$347
24 years$3,257$2,513$1,916$1,446$1,081$291
25 years$3,094$2,358$1,774$1,320$973$245
26 years$2,943$2,216$1,646$1,207$876$206
27 years$2,804$2,086$1,528$1,105$790$173
28 years$2,675$1,966$1,421$1,012$713$146
29 years$2,555$1,854$1,322$928$644$123
30 years$2,443$1,751$1,231$852$582$104
31 years$2,338$1,655$1,148$782$526$87
32 years$2,241$1,566$1,071$719$476$73
33 years$2,149$1,483$1,000$661$431$62
34 years$2,063$1,406$934$608$390$52
35 years$1,982$1,333$874$560$353$44
36 years$1,906$1,266$817$516$320$37
37 years$1,834$1,202$765$475$290$31
38 years$1,766$1,142$716$438$263$26
39 years$1,702$1,086$671$404$238$22
40 years$1,641$1,034$629$373$216$19
41 years$1,583$984$590$344$196$16
42 years$1,528$937$553$317$178$13
43 years$1,476$893$519$293$162$11
44 years$1,426$851$487$270$147$9
45 years$1,378$811$458$250$133$8
46 years$1,333$774$430$231$121$7
47 years$1,290$739$404$213$110$6
48 years$1,249$705$379$197$100$5
49 years$1,209$673$357$182$91$4
50 years$1,172$643$335$168$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,200,000, adding $2,922 every year, while hoping to spend $38,939 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: 38/34/28 Blend
29$1,200,000$1,200,000$1,200,000$1,200,000
30$1,325,414$1,261,814$1,243,214$1,364,635
31$1,419,175$1,282,212$1,243,431$1,414,116
32$1,521,196$1,302,305$1,242,350$1,463,776
33$1,632,275$1,322,036$1,239,887$1,516,704
34$1,753,297$1,341,345$1,235,952$1,573,221
35$1,885,230$1,360,168$1,230,454$1,633,684
36$2,029,143$1,378,435$1,223,293$1,698,489
37$2,186,212$1,396,074$1,214,369$1,768,070
38$2,357,729$1,413,006$1,203,574$1,842,911
39$2,545,119$1,429,145$1,190,796$1,923,546
40$2,749,951$1,444,403$1,175,918$2,010,566
41$2,973,950$1,458,683$1,158,815$2,104,624
42$3,219,018$1,471,883$1,139,360$2,206,442
43$3,487,247$1,483,894$1,117,418$2,316,819
44$3,780,941$1,494,600$1,092,847$2,436,637
45$4,102,640$1,503,878$1,065,499$2,566,873
46$4,455,136$1,511,596$1,035,221$2,708,606
47$4,841,510$1,517,614$1,001,851$2,863,028
48$5,265,150$1,521,783$965,219$3,031,457
49$5,729,790$1,523,945$925,148$3,215,348
50$6,239,543$1,523,932$881,455$3,416,312
51$6,798,938$1,521,566$833,945$3,636,124
52$7,412,964$1,516,658$782,417$3,876,749
53$8,087,118$1,509,006$726,660$4,140,356
54$8,827,454$1,498,397$666,452$4,429,339
55$9,640,640$1,484,604$601,565$4,746,346
56$10,534,024$1,467,389$531,756$5,094,296
57$11,515,700$1,446,496$456,775$5,476,417
58$12,594,584$1,421,657$376,359$5,896,269
59$13,780,498$1,392,585$290,235$6,357,787
60$15,084,266$1,358,979$198,115$6,865,311
61$16,517,811$1,320,518$99,700$7,423,633
62$18,094,267$1,276,863$0$8,038,044
63$19,828,109$1,227,656$0$8,715,973
64$21,735,282$1,172,517$0$9,494,164
65$23,833,354$1,111,044$0$10,350,012
66$26,141,684$1,042,813$0$11,291,472
67$28,681,599$967,374$0$12,327,313
68$31,476,600$884,253$0$13,467,206
69$34,552,580$792,948$0$14,721,815
70$37,938,068$692,928$0$16,102,897
71$41,664,502$583,632$0$17,623,414
72$45,766,519$464,468$0$19,297,660
73$50,282,288$334,811$0$21,141,395
74$55,253,864$193,999$0$23,171,992
75$60,727,589$41,336$0$25,408,608
76$66,754,525$0$0$27,872,361
77$73,390,939$0$0$30,632,898
78$80,698,832$0$0$33,689,993
79$88,746,524$0$0$37,056,785
80$97,609,298$0$0$40,764,799
81$107,370,109$0$0$44,848,769
82$118,120,370$0$0$49,346,972
83$129,960,811$0$0$54,301,586
84$143,002,429$0$0$59,759,089
85$157,367,540$0$0$65,770,697
86$173,190,926$0$0$72,392,850
87$190,621,112$0$0$79,687,738
88$209,821,766$0$0$87,723,896
89$230,973,241$0$0$96,576,844
90$254,274,281$0$0$106,329,804
91$279,943,892$0$0$117,074,482
92$308,223,414$0$0$128,911,938
93$339,378,792$0$0$141,953,533
94$373,703,091$0$0$156,321,988
95$411,519,260$0$0$172,152,534
96$453,183,179$0$0$189,594,196
97$499,087,020$0$0$208,811,194
98$549,662,947$0$0$229,984,494
99$605,387,193$0$0$253,313,520
100$666,784,559$0$0$279,018,031