Can I retire at age 30 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$99,921$99,031$98,162$97,315$96,487$93,436
2 years$49,466$48,544$47,652$46,786$45,946$42,900
3 years$32,650$31,724$30,834$29,976$29,150$26,204
4 years$24,243$23,321$22,439$21,596$20,790$17,967
5 years$19,201$18,284$17,414$16,588$15,804$13,112
6 years$15,840$14,930$14,073$13,265$12,505$9,946
7 years$13,441$12,538$11,695$10,906$10,170$7,743
8 years$11,642$10,748$9,918$9,149$8,437$6,141
9 years$10,243$9,358$8,542$7,793$7,105$4,938
10 years$9,125$8,248$7,447$6,718$6,054$4,012
11 years$8,211$7,343$6,557$5,846$5,207$3,286
12 years$7,450$6,591$5,819$5,128$4,512$2,708
13 years$6,806$5,956$5,199$4,527$3,935$2,244
14 years$6,255$5,414$4,671$4,019$3,449$1,867
15 years$5,778$4,946$4,217$3,584$3,037$1,558
16 years$5,361$4,538$3,824$3,209$2,684$1,304
17 years$4,993$4,179$3,479$2,883$2,380$1,094
18 years$4,667$3,862$3,176$2,599$2,116$920
19 years$4,375$3,579$2,908$2,348$1,886$774
20 years$4,112$3,326$2,668$2,127$1,685$653
21 years$3,875$3,098$2,455$1,930$1,508$551
22 years$3,660$2,892$2,262$1,755$1,351$465
23 years$3,464$2,704$2,089$1,598$1,213$393
24 years$3,285$2,534$1,932$1,458$1,090$333
25 years$3,120$2,378$1,789$1,331$981$282
26 years$2,968$2,235$1,659$1,217$884$238
27 years$2,827$2,103$1,541$1,114$797$202
28 years$2,697$1,982$1,432$1,021$719$171
29 years$2,576$1,870$1,333$936$649$145
30 years$2,463$1,766$1,242$859$587$123
31 years$2,358$1,669$1,158$789$530$104
32 years$2,259$1,579$1,080$725$480$88
33 years$2,167$1,496$1,008$667$434$75
34 years$2,080$1,418$942$613$393$64
35 years$1,999$1,345$881$565$356$54
36 years$1,922$1,276$824$520$323$46
37 years$1,849$1,212$771$479$292$39
38 years$1,781$1,152$722$442$265$33
39 years$1,716$1,095$677$407$240$28
40 years$1,654$1,042$634$376$218$24
41 years$1,596$992$595$347$198$20
42 years$1,541$945$558$320$179$17
43 years$1,488$900$524$295$163$15
44 years$1,438$858$491$273$148$12
45 years$1,390$818$461$252$134$10
46 years$1,344$781$433$233$122$9
47 years$1,301$745$407$215$111$8
48 years$1,259$711$383$199$100$6
49 years$1,219$679$360$183$91$5
50 years$1,181$649$338$170$83$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,210,000, adding $2,124 every year, while hoping to spend $33,683 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: 59/20/21 Blend
29$1,210,000$1,210,000$1,210,000$1,210,000
30$1,335,611$1,271,481$1,252,726$1,406,861
31$1,436,005$1,297,945$1,258,854$1,481,946
32$1,545,510$1,324,577$1,264,058$1,559,948
33$1,665,020$1,351,349$1,268,272$1,644,272
34$1,795,519$1,378,233$1,271,426$1,735,537
35$1,938,090$1,405,194$1,273,447$1,834,424
36$2,093,925$1,432,198$1,274,258$1,941,685
37$2,264,337$1,459,208$1,273,777$2,058,147
38$2,450,772$1,486,181$1,271,920$2,184,724
39$2,654,820$1,513,073$1,268,599$2,322,421
40$2,878,234$1,539,836$1,263,720$2,472,348
41$3,122,944$1,566,418$1,257,184$2,635,727
42$3,391,075$1,592,764$1,248,891$2,813,906
43$3,684,967$1,618,812$1,238,731$3,008,371
44$4,007,199$1,644,498$1,226,594$3,220,761
45$4,360,608$1,669,754$1,212,360$3,452,880
46$4,748,323$1,694,505$1,195,907$3,706,720
47$5,173,787$1,718,671$1,177,104$3,984,476
48$5,640,794$1,742,166$1,155,818$4,288,567
49$6,153,523$1,764,900$1,131,906$4,621,661
50$6,716,578$1,786,776$1,105,220$4,986,697
51$7,335,029$1,807,688$1,075,605$5,386,918
52$8,014,463$1,827,526$1,042,899$5,825,898
53$8,761,034$1,846,170$1,006,932$6,307,576
54$9,581,522$1,863,495$967,527$6,836,295
55$10,483,395$1,879,364$924,497$7,416,843
56$11,474,883$1,893,635$877,650$8,054,498
57$12,565,052$1,906,154$826,782$8,755,079
58$13,763,890$1,916,758$771,681$9,525,000
59$15,082,401$1,925,273$712,127$10,371,332
60$16,532,710$1,931,516$647,887$11,301,868
61$18,128,175$1,935,289$578,720$12,325,201
62$19,883,515$1,936,384$504,373$13,450,803
63$21,814,947$1,934,581$424,583$14,689,113
64$23,940,340$1,929,643$339,075$16,051,641
65$26,279,381$1,921,322$247,561$17,551,074
66$28,853,764$1,909,353$149,740$19,201,394
67$31,687,392$1,893,455$45,300$21,018,017
68$34,806,601$1,873,330$0$23,017,933
69$38,240,414$1,848,662$0$25,234,695
70$42,020,807$1,819,117$0$27,685,918
71$46,183,015$1,784,341$0$30,384,277
72$50,765,866$1,743,957$0$33,354,936
73$55,812,142$1,697,567$0$36,625,627
74$61,368,984$1,644,752$0$40,226,913
75$67,488,340$1,585,065$0$44,192,474
76$74,227,452$1,518,035$0$48,559,428
77$81,649,396$1,443,162$0$53,368,681
78$89,823,676$1,359,918$0$58,665,311
79$98,826,883$1,267,746$0$64,499,000
80$108,743,414$1,166,055$0$70,924,495
81$119,666,272$1,054,222$0$78,002,133
82$131,697,939$931,585$0$85,798,408
83$144,951,345$797,450$0$94,386,597
84$159,550,936$651,078$0$103,847,458
85$175,633,844$491,693$0$114,269,986
86$193,351,182$318,473$0$125,752,259
87$212,869,474$130,549$0$138,402,365
88$234,372,220$0$0$152,339,420
89$258,061,633$0$0$167,710,758
90$284,160,545$0$0$184,677,362
91$312,914,510$0$0$203,370,153
92$344,594,121$0$0$223,965,064
93$379,497,565$0$0$246,655,967
94$417,953,439$0$0$271,656,505
95$460,323,846$0$0$299,202,110
96$507,007,819$0$0$329,552,221
97$558,445,081$0$0$362,992,735
98$615,120,201$0$0$399,838,707
99$677,567,166$0$0$440,437,320
100$746,374,419$0$0$485,171,166