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%11.6%
1 years$99,095$98,212$97,351$96,510$95,690$95,047
2 years$49,057$48,143$47,258$46,399$45,567$44,918
3 years$32,380$31,462$30,579$29,728$28,909$28,275
4 years$24,043$23,128$22,254$21,418$20,618$20,004
5 years$19,042$18,133$17,270$16,451$15,674$15,081
6 years$15,709$14,807$13,956$13,156$12,402$11,831
7 years$13,329$12,435$11,598$10,816$10,086$9,538
8 years$11,546$10,659$9,836$9,073$8,367$7,841
9 years$10,159$9,280$8,472$7,729$7,047$6,542
10 years$9,050$8,180$7,386$6,662$6,004$5,522
11 years$8,143$7,282$6,502$5,798$5,164$4,703
12 years$7,388$6,536$5,771$5,086$4,475$4,035
13 years$6,750$5,907$5,156$4,490$3,902$3,483
14 years$6,204$5,369$4,632$3,986$3,421$3,022
15 years$5,730$4,905$4,182$3,554$3,012$2,633
16 years$5,316$4,500$3,792$3,183$2,662$2,302
17 years$4,952$4,144$3,451$2,860$2,360$2,019
18 years$4,628$3,830$3,150$2,577$2,098$1,775
19 years$4,339$3,549$2,884$2,329$1,870$1,565
20 years$4,078$3,298$2,646$2,109$1,671$1,382
21 years$3,843$3,072$2,434$1,914$1,495$1,222
22 years$3,630$2,868$2,244$1,740$1,340$1,083
23 years$3,435$2,682$2,071$1,585$1,203$960
24 years$3,257$2,513$1,916$1,446$1,081$853
25 years$3,094$2,358$1,774$1,320$973$758
26 years$2,943$2,216$1,646$1,207$876$674
27 years$2,804$2,086$1,528$1,105$790$600
28 years$2,675$1,966$1,421$1,012$713$535
29 years$2,555$1,854$1,322$928$644$477
30 years$2,443$1,751$1,231$852$582$426
31 years$2,338$1,655$1,148$782$526$380
32 years$2,241$1,566$1,071$719$476$339
33 years$2,149$1,483$1,000$661$431$303
34 years$2,063$1,406$934$608$390$271
35 years$1,982$1,333$874$560$353$242
36 years$1,906$1,266$817$516$320$216
37 years$1,834$1,202$765$475$290$193
38 years$1,766$1,142$716$438$263$173
39 years$1,702$1,086$671$404$238$155
40 years$1,641$1,034$629$373$216$138
41 years$1,583$984$590$344$196$124
42 years$1,528$937$553$317$178$111
43 years$1,476$893$519$293$162$99
44 years$1,426$851$487$270$147$89
45 years$1,378$811$458$250$133$80
46 years$1,333$774$430$231$121$71
47 years$1,290$739$404$213$110$64
48 years$1,249$705$379$197$100$57
49 years$1,209$673$357$182$91$51
50 years$1,172$643$335$168$82$46

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 $4,462 every year, while hoping to spend $51,109 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: 60/14/26 Blend
29$1,200,000$1,200,000$1,200,000$1,200,000
30$1,327,003$1,263,403$1,244,803$1,397,095
31$1,407,977$1,270,930$1,232,124$1,452,862
32$1,495,498$1,277,113$1,217,307$1,507,789
33$1,590,180$1,281,832$1,200,228$1,566,632
34$1,692,696$1,284,960$1,180,753$1,629,782
35$1,803,789$1,286,361$1,158,747$1,697,673
36$1,924,274$1,285,891$1,134,063$1,770,785
37$2,055,049$1,283,398$1,106,553$1,849,649
38$2,197,099$1,278,720$1,076,058$1,934,849
39$2,351,510$1,271,684$1,042,413$2,027,035
40$2,519,476$1,262,108$1,005,445$2,126,922
41$2,702,309$1,249,799$964,975$2,235,303
42$2,901,456$1,234,550$920,813$2,353,052
43$3,118,506$1,216,145$872,762$2,481,136
44$3,355,211$1,194,352$820,616$2,620,623
45$3,613,495$1,168,929$764,159$2,772,694
46$3,895,480$1,139,615$703,167$2,938,651
47$4,203,500$1,106,137$637,405$3,119,936
48$4,540,125$1,068,205$566,625$3,318,138
49$4,908,183$1,025,513$490,572$3,535,015
50$5,310,790$977,735$408,978$3,772,506
51$5,751,374$924,527$321,563$4,032,754
52$6,233,713$865,528$228,034$4,318,125
53$6,761,965$800,352$128,086$4,631,228
54$7,340,709$728,594$21,401$4,974,949
55$7,974,990$649,823$0$5,352,468
56$8,670,362$563,587$0$5,792,948
57$9,432,942$469,406$0$6,282,620
58$10,269,468$366,774$0$6,819,923
59$11,187,363$255,155$0$7,409,683
60$12,194,801$133,984$0$8,057,222
61$13,300,788$2,666$0$8,768,407
62$14,515,241$0$0$9,549,701
63$15,849,088$0$0$10,429,713
64$17,314,367$0$0$11,396,989
65$18,924,337$0$0$12,459,887
66$20,693,607$0$0$13,628,062
67$22,638,271$0$0$14,912,155
68$24,776,059$0$0$16,323,888
69$27,126,504$0$0$17,876,175
70$29,711,129$0$0$19,583,243
71$32,553,644$0$0$21,460,768
72$35,680,173$0$0$23,526,022
73$39,119,498$0$0$25,798,034
74$42,903,333$0$0$28,297,771
75$47,066,618$0$0$31,048,333
76$51,647,854$0$0$34,075,175
77$56,689,460$0$0$37,406,341
78$62,238,176$0$0$41,072,735
79$68,345,502$0$0$45,108,406
80$75,068,185$0$0$49,550,873
81$82,468,753$0$0$54,441,475
82$90,616,101$0$0$59,825,766
83$99,586,149$0$0$65,753,939
84$109,462,548$0$0$72,281,303
85$120,337,477$0$0$79,468,802
86$132,312,505$0$0$87,383,593
87$145,499,555$0$0$96,099,676
88$160,021,957$0$0$105,698,592
89$176,015,608$0$0$116,270,195
90$193,630,262$0$0$127,913,497
91$213,030,934$0$0$140,737,604
92$234,399,462$0$0$154,862,744
93$257,936,220$0$0$170,421,399
94$283,862,009$0$0$187,559,561
95$312,420,142$0$0$206,438,104
96$343,878,737$0$0$227,234,303
97$378,533,249$0$0$250,143,509
98$416,709,256$0$0$275,380,991
99$458,765,533$0$0$303,183,965
100$505,097,435$0$0$333,813,837