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

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,961 every year, while hoping to spend $26,218 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: 57/20/23 Blend
29$1,200,000$1,200,000$1,200,000$1,200,000
30$1,325,454$1,261,854$1,243,254$1,392,605
31$1,432,755$1,295,789$1,257,008$1,472,734
32$1,550,121$1,330,509$1,270,343$1,556,977
33$1,678,553$1,366,023$1,283,218$1,648,230
34$1,819,149$1,402,342$1,295,590$1,747,176
35$1,973,123$1,439,477$1,307,413$1,854,567
36$2,141,806$1,477,436$1,318,636$1,971,231
37$2,326,669$1,516,229$1,329,209$2,098,080
38$2,529,330$1,555,865$1,339,078$2,236,121
39$2,751,570$1,596,351$1,348,186$2,386,461
40$2,995,353$1,637,695$1,356,473$2,550,319
41$3,262,840$1,679,903$1,363,875$2,729,041
42$3,556,412$1,722,980$1,370,328$2,924,108
43$3,878,693$1,766,933$1,375,760$3,137,151
44$4,232,571$1,811,765$1,380,100$3,369,970
45$4,621,230$1,857,478$1,383,270$3,624,546
46$5,048,176$1,904,074$1,385,190$3,903,063
47$5,517,271$1,951,555$1,385,775$4,207,926
48$6,032,770$1,999,919$1,384,936$4,541,789
49$6,599,362$2,049,164$1,382,580$4,907,572
50$7,222,210$2,099,286$1,378,610$5,308,496
51$7,907,005$2,150,281$1,372,923$5,748,109
52$8,660,014$2,202,140$1,365,411$6,230,323
53$9,488,146$2,254,854$1,355,962$6,759,446
54$10,399,008$2,308,414$1,344,458$7,340,229
55$11,400,985$2,362,804$1,330,776$7,977,905
56$12,503,314$2,418,010$1,314,785$8,678,243
57$13,716,172$2,474,013$1,296,351$9,447,600
58$15,050,774$2,530,792$1,275,331$10,292,981
59$16,519,475$2,588,323$1,251,577$11,222,108
60$18,135,890$2,646,579$1,224,933$12,243,490
61$19,915,019$2,705,529$1,195,236$13,366,504
62$21,873,391$2,765,140$1,162,317$14,601,486
63$24,029,219$2,825,374$1,125,996$15,959,825
64$26,402,570$2,886,188$1,086,088$17,454,074
65$29,015,559$2,947,538$1,042,398$19,098,067
66$31,892,549$3,009,371$994,722$20,907,050
67$35,060,391$3,071,632$942,847$22,897,827
68$38,548,669$3,134,260$886,551$25,088,914
69$42,389,983$3,197,188$825,600$27,500,720
70$46,620,255$3,260,345$759,752$30,155,738
71$51,279,070$3,323,650$688,752$33,078,753
72$56,410,046$3,387,020$612,336$36,297,084
73$62,061,248$3,450,361$530,226$39,840,838
74$68,285,639$3,513,572$442,133$43,743,193
75$75,141,584$3,576,547$347,754$48,040,717
76$82,693,395$3,639,168$246,774$52,773,706
77$91,011,944$3,701,310$138,863$57,986,574
78$100,175,325$3,762,836$23,678$63,728,265
79$110,269,596$3,823,603$0$70,052,720
80$121,389,589$3,883,454$0$77,043,741
81$133,639,805$3,942,221$0$84,750,270
82$147,135,400$3,999,724$0$93,238,786
83$162,003,271$4,055,772$0$102,588,957
84$178,383,258$4,110,158$0$112,888,578
85$196,429,457$4,162,662$0$124,234,396
86$216,311,678$4,213,048$0$136,733,025
87$238,217,047$4,261,066$0$150,501,954
88$262,351,773$4,306,446$0$165,670,653
89$288,943,095$4,348,902$0$182,381,798
90$318,241,421$4,388,129$0$200,792,619
91$350,522,700$4,423,802$0$221,076,378
92$386,091,020$4,455,572$0$243,424,012
93$425,281,481$4,483,072$0$268,045,933
94$468,463,358$4,505,909$0$295,174,015
95$516,043,587$4,523,665$0$325,063,780
96$568,470,603$4,535,895$0$357,996,815
97$626,238,578$4,542,127$0$394,283,429
98$689,892,081$4,541,860$0$434,265,582
99$760,031,223$4,534,560$0$478,320,114
100$837,317,317$4,519,662$0$526,862,302