Can I retire at age 30 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$100,746$99,849$98,974$98,119$97,285$96,875
2 years$49,874$48,946$48,045$47,173$46,326$45,912
3 years$32,919$31,987$31,089$30,224$29,391$28,986
4 years$24,443$23,513$22,625$21,775$20,962$20,569
5 years$19,359$18,435$17,558$16,725$15,935$15,555
6 years$15,971$15,053$14,189$13,375$12,609$12,243
7 years$13,552$12,642$11,791$10,996$10,254$9,902
8 years$11,738$10,836$10,000$9,225$8,507$8,169
9 years$10,328$9,435$8,613$7,857$7,164$6,840
10 years$9,201$8,317$7,509$6,773$6,104$5,793
11 years$8,279$7,404$6,611$5,895$5,250$4,952
12 years$7,512$6,645$5,867$5,170$4,549$4,265
13 years$6,863$6,005$5,242$4,565$3,967$3,696
14 years$6,307$5,459$4,710$4,052$3,478$3,219
15 years$5,826$4,987$4,252$3,614$3,062$2,816
16 years$5,405$4,575$3,855$3,236$2,706$2,472
17 years$5,034$4,213$3,508$2,907$2,399$2,177
18 years$4,705$3,893$3,202$2,620$2,133$1,922
19 years$4,411$3,608$2,932$2,367$1,902$1,701
20 years$4,146$3,353$2,691$2,144$1,699$1,509
21 years$3,907$3,123$2,475$1,946$1,520$1,341
22 years$3,690$2,915$2,281$1,769$1,362$1,193
23 years$3,493$2,727$2,106$1,611$1,223$1,063
24 years$3,312$2,555$1,948$1,470$1,099$948
25 years$3,145$2,398$1,804$1,342$989$847
26 years$2,992$2,253$1,673$1,227$891$757
27 years$2,850$2,121$1,554$1,123$803$677
28 years$2,719$1,998$1,444$1,029$725$606
29 years$2,597$1,885$1,344$944$655$543
30 years$2,483$1,780$1,252$866$591$487
31 years$2,377$1,683$1,167$795$535$437
32 years$2,278$1,592$1,089$731$484$392
33 years$2,185$1,508$1,017$672$438$352
34 years$2,097$1,429$950$619$396$316
35 years$2,015$1,356$888$569$359$284
36 years$1,938$1,287$831$524$325$255
37 years$1,864$1,222$778$483$295$229
38 years$1,795$1,161$728$445$267$206
39 years$1,730$1,104$682$411$242$185
40 years$1,668$1,051$640$379$220$167
41 years$1,609$1,000$600$349$199$150
42 years$1,553$953$563$323$181$135
43 years$1,500$908$528$298$164$121
44 years$1,450$865$495$275$149$109
45 years$1,401$825$465$254$135$98
46 years$1,355$787$437$234$123$88
47 years$1,312$751$411$217$112$80
48 years$1,270$717$386$200$101$72
49 years$1,230$685$363$185$92$64
50 years$1,191$654$341$171$84$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,220,000, adding $3,416 every year, while hoping to spend $51,855 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: 27/46/27 Blend
29$1,220,000$1,220,000$1,220,000$1,220,000
30$1,347,964$1,283,304$1,264,394$1,372,933
31$1,430,283$1,291,012$1,251,577$1,401,040
32$1,519,260$1,297,360$1,236,594$1,426,499
33$1,615,521$1,302,227$1,219,316$1,452,774
34$1,719,751$1,305,483$1,199,610$1,479,968
35$1,832,705$1,306,991$1,177,336$1,508,201
36$1,955,212$1,306,606$1,152,349$1,537,610
37$2,088,186$1,304,172$1,124,495$1,568,348
38$2,232,630$1,299,525$1,093,615$1,600,591
39$2,389,648$1,292,492$1,059,540$1,634,535
40$2,560,455$1,282,886$1,022,097$1,670,405
41$2,746,386$1,270,512$981,102$1,708,453
42$2,948,912$1,255,162$936,364$1,748,961
43$3,169,652$1,236,615$887,682$1,792,251
44$3,410,385$1,214,638$834,849$1,838,680
45$3,673,072$1,188,983$777,644$1,888,651
46$3,959,870$1,159,388$715,839$1,942,617
47$4,273,154$1,125,575$649,197$2,001,083
48$4,615,538$1,087,251$577,468$2,064,616
49$4,989,901$1,044,105$500,392$2,133,850
50$5,399,412$995,807$417,696$2,209,494
51$5,847,560$942,009$329,096$2,292,339
52$6,338,187$882,344$234,297$2,383,267
53$6,875,525$816,422$132,989$2,483,264
54$7,464,233$743,831$24,849$2,593,427
55$8,109,443$664,136$0$2,714,980
56$8,816,805$576,878$0$2,875,372
57$9,592,545$481,570$0$3,059,366
58$10,443,517$377,700$0$3,261,587
59$11,377,273$264,725$0$3,484,019
60$12,402,131$142,073$0$3,728,859
61$13,527,252$9,138$0$3,998,542
62$14,762,729$0$0$4,295,761
63$16,119,679$0$0$4,691,689
64$17,610,349$0$0$5,131,929
65$19,248,231$0$0$5,615,867
66$21,048,188$0$0$6,147,922
67$23,026,595$0$0$6,732,963
68$25,201,491$0$0$7,376,353
69$27,592,752$0$0$8,084,002
70$30,222,273$0$0$8,862,423
71$33,114,180$0$0$9,718,788
72$36,295,052$0$0$10,661,004
73$39,794,175$0$0$11,697,779
74$43,643,815$0$0$12,838,710
75$47,879,523$0$0$14,094,369
76$52,540,471$0$0$15,476,409
77$57,669,818$0$0$16,997,666
78$63,315,121$0$0$18,672,285
79$69,528,778$0$0$20,515,852
80$76,368,527$0$0$22,545,541
81$83,897,987$0$0$24,780,276
82$92,187,257$0$0$27,240,909
83$101,313,581$0$0$29,950,418
84$111,362,071$0$0$32,934,122
85$122,426,514$0$0$36,219,919
86$134,610,255$0$0$39,838,553
87$148,027,168$0$0$43,823,900
88$162,802,736$0$0$48,213,289
89$179,075,231$0$0$53,047,855
90$196,997,019$0$0$58,372,927
91$216,735,997$0$0$64,238,453
92$238,477,177$0$0$70,699,475
93$262,424,432$0$0$77,816,645
94$288,802,419$0$0$85,656,800
95$317,858,697$0$0$94,293,591
96$349,866,065$0$0$103,808,177
97$385,125,138$0$0$114,289,996
98$423,967,177$0$0$125,837,602
99$466,757,221$0$0$138,559,600
100$513,897,530$0$0$152,575,668