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%15.9%
1 years$99,095$98,212$97,351$96,510$95,690$93,376
2 years$49,057$48,143$47,258$46,399$45,567$43,250
3 years$32,380$31,462$30,579$29,728$28,909$26,662
4 years$24,043$23,128$22,254$21,418$20,618$18,457
5 years$19,042$18,133$17,270$16,451$15,674$13,605
6 years$15,709$14,807$13,956$13,156$12,402$10,427
7 years$13,329$12,435$11,598$10,816$10,086$8,206
8 years$11,546$10,659$9,836$9,073$8,367$6,581
9 years$10,159$9,280$8,472$7,729$7,047$5,353
10 years$9,050$8,180$7,386$6,662$6,004$4,401
11 years$8,143$7,282$6,502$5,798$5,164$3,649
12 years$7,388$6,536$5,771$5,086$4,475$3,046
13 years$6,750$5,907$5,156$4,490$3,902$2,556
14 years$6,204$5,369$4,632$3,986$3,421$2,154
15 years$5,730$4,905$4,182$3,554$3,012$1,822
16 years$5,316$4,500$3,792$3,183$2,662$1,546
17 years$4,952$4,144$3,451$2,860$2,360$1,315
18 years$4,628$3,830$3,150$2,577$2,098$1,121
19 years$4,339$3,549$2,884$2,329$1,870$958
20 years$4,078$3,298$2,646$2,109$1,671$819
21 years$3,843$3,072$2,434$1,914$1,495$701
22 years$3,630$2,868$2,244$1,740$1,340$601
23 years$3,435$2,682$2,071$1,585$1,203$516
24 years$3,257$2,513$1,916$1,446$1,081$443
25 years$3,094$2,358$1,774$1,320$973$381
26 years$2,943$2,216$1,646$1,207$876$327
27 years$2,804$2,086$1,528$1,105$790$282
28 years$2,675$1,966$1,421$1,012$713$242
29 years$2,555$1,854$1,322$928$644$209
30 years$2,443$1,751$1,231$852$582$180
31 years$2,338$1,655$1,148$782$526$155
32 years$2,241$1,566$1,071$719$476$133
33 years$2,149$1,483$1,000$661$431$115
34 years$2,063$1,406$934$608$390$99
35 years$1,982$1,333$874$560$353$85
36 years$1,906$1,266$817$516$320$74
37 years$1,834$1,202$765$475$290$63
38 years$1,766$1,142$716$438$263$55
39 years$1,702$1,086$671$404$238$47
40 years$1,641$1,034$629$373$216$41
41 years$1,583$984$590$344$196$35
42 years$1,528$937$553$317$178$30
43 years$1,476$893$519$293$162$26
44 years$1,426$851$487$270$147$23
45 years$1,378$811$458$250$133$19
46 years$1,333$774$430$231$121$17
47 years$1,290$739$404$213$110$14
48 years$1,249$705$379$197$100$12
49 years$1,209$673$357$182$91$11
50 years$1,172$643$335$168$82$9

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 $4,180 every year, while hoping to spend $52,988 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: 32/38/30 Blend
29$1,200,000$1,200,000$1,200,000$1,200,000
30$1,326,712$1,263,112$1,244,512$1,356,950
31$1,405,657$1,268,625$1,229,824$1,386,154
32$1,490,880$1,272,633$1,212,868$1,412,656
33$1,582,963$1,275,006$1,193,513$1,440,185
34$1,682,549$1,275,605$1,171,619$1,468,870
35$1,790,344$1,274,284$1,147,043$1,498,856
36$1,907,123$1,270,888$1,119,633$1,530,308
37$2,033,740$1,265,252$1,089,231$1,563,412
38$2,171,132$1,257,201$1,055,672$1,598,379
39$2,320,332$1,246,548$1,018,782$1,635,444
40$2,482,475$1,233,098$978,379$1,674,873
41$2,658,808$1,216,640$934,276$1,716,965
42$2,850,706$1,196,955$886,273$1,762,054
43$3,059,679$1,173,807$834,165$1,810,516
44$3,287,391$1,146,948$777,734$1,862,771
45$3,535,672$1,116,115$716,755$1,919,291
46$3,806,535$1,081,030$650,991$1,980,601
47$4,102,199$1,041,398$580,197$2,047,289
48$4,425,104$996,906$504,114$2,120,012
49$4,777,936$947,226$422,473$2,199,503
50$5,163,653$892,008$334,993$2,286,579
51$5,585,512$830,883$241,382$2,382,150
52$6,047,099$763,460$141,333$2,487,229
53$6,552,361$689,328$34,525$2,602,947
54$7,105,646$608,049$0$2,730,559
55$7,711,741$519,163$0$2,896,897
56$8,375,921$422,184$0$3,091,525
57$9,103,990$316,596$0$3,305,223
58$9,902,345$201,857$0$3,540,028
59$10,778,029$77,393$0$3,798,195
60$11,738,800$0$0$4,082,217
61$12,793,205$0$0$4,418,854
62$13,950,656$0$0$4,824,102
63$15,221,522$0$0$5,269,254
64$16,617,225$0$0$5,758,333
65$18,150,348$0$0$6,295,774
66$19,834,752$0$0$6,886,462
67$21,685,706$0$0$7,535,778
68$23,720,034$0$0$8,249,653
69$25,956,269$0$0$9,034,616
70$28,414,828$0$0$9,897,867
71$31,118,208$0$0$10,847,333
72$34,091,191$0$0$11,891,751
73$37,361,086$0$0$13,040,746
74$40,957,976$0$0$14,304,924
75$44,915,010$0$0$15,695,970
76$49,268,710$0$0$17,226,759
77$54,059,317$0$0$18,911,477
78$59,331,170$0$0$20,765,755
79$65,133,122$0$0$22,806,816
80$71,519,004$0$0$25,053,639
81$78,548,129$0$0$27,527,135
82$86,285,851$0$0$30,250,345
83$94,804,184$0$0$33,248,659
84$104,182,478$0$0$36,550,053
85$114,508,168$0$0$40,185,355
86$125,877,600$0$0$44,188,535
87$138,396,936$0$0$48,597,024
88$152,183,159$0$0$53,452,069
89$167,365,173$0$0$58,799,120
90$184,085,021$0$0$64,688,260
91$202,499,225$0$0$71,174,679
92$222,780,260$0$0$78,319,192
93$245,118,183$0$0$86,188,813
94$269,722,426$0$0$94,857,389
95$296,823,771$0$0$104,406,295
96$326,676,527$0$0$114,925,203
97$359,560,931$0$0$126,512,928
98$395,785,791$0$0$139,278,360
99$435,691,401$0$0$153,341,491
100$479,652,750$0$0$168,834,548