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

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$100,746$99,849$98,974$98,119$97,285$95,437
2 years$49,874$48,946$48,045$47,173$46,326$44,472
3 years$32,919$31,987$31,089$30,224$29,391$27,589
4 years$24,443$23,513$22,625$21,775$20,962$19,224
5 years$19,359$18,435$17,558$16,725$15,935$14,267
6 years$15,971$15,053$14,189$13,375$12,609$11,013
7 years$13,552$12,642$11,791$10,996$10,254$8,731
8 years$11,738$10,836$10,000$9,225$8,507$7,055
9 years$10,328$9,435$8,613$7,857$7,164$5,783
10 years$9,201$8,317$7,509$6,773$6,104$4,793
11 years$8,279$7,404$6,611$5,895$5,250$4,007
12 years$7,512$6,645$5,867$5,170$4,549$3,373
13 years$6,863$6,005$5,242$4,565$3,967$2,855
14 years$6,307$5,459$4,710$4,052$3,478$2,428
15 years$5,826$4,987$4,252$3,614$3,062$2,073
16 years$5,405$4,575$3,855$3,236$2,706$1,775
17 years$5,034$4,213$3,508$2,907$2,399$1,524
18 years$4,705$3,893$3,202$2,620$2,133$1,312
19 years$4,411$3,608$2,932$2,367$1,902$1,131
20 years$4,146$3,353$2,691$2,144$1,699$977
21 years$3,907$3,123$2,475$1,946$1,520$845
22 years$3,690$2,915$2,281$1,769$1,362$732
23 years$3,493$2,727$2,106$1,611$1,223$634
24 years$3,312$2,555$1,948$1,470$1,099$550
25 years$3,145$2,398$1,804$1,342$989$478
26 years$2,992$2,253$1,673$1,227$891$415
27 years$2,850$2,121$1,554$1,123$803$361
28 years$2,719$1,998$1,444$1,029$725$314
29 years$2,597$1,885$1,344$944$655$273
30 years$2,483$1,780$1,252$866$591$238
31 years$2,377$1,683$1,167$795$535$207
32 years$2,278$1,592$1,089$731$484$180
33 years$2,185$1,508$1,017$672$438$157
34 years$2,097$1,429$950$619$396$137
35 years$2,015$1,356$888$569$359$119
36 years$1,938$1,287$831$524$325$104
37 years$1,864$1,222$778$483$295$91
38 years$1,795$1,161$728$445$267$79
39 years$1,730$1,104$682$411$242$69
40 years$1,668$1,051$640$379$220$60
41 years$1,609$1,000$600$349$199$52
42 years$1,553$953$563$323$181$46
43 years$1,500$908$528$298$164$40
44 years$1,450$865$495$275$149$35
45 years$1,401$825$465$254$135$30
46 years$1,355$787$437$234$123$26
47 years$1,312$751$411$217$112$23
48 years$1,270$717$386$200$101$20
49 years$1,230$685$363$185$92$18
50 years$1,191$654$341$171$84$15

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 $3,146 every year, while hoping to spend $31,910 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: 61/14/25 Blend
29$1,220,000$1,220,000$1,220,000$1,220,000
30$1,347,685$1,283,025$1,264,115$1,420,730
31$1,451,197$1,311,941$1,272,511$1,499,610
32$1,564,198$1,341,205$1,280,119$1,581,918
33$1,687,621$1,370,799$1,286,878$1,671,063
34$1,822,496$1,400,706$1,292,726$1,767,720
35$1,969,954$1,430,904$1,297,596$1,872,629
36$2,131,242$1,461,371$1,301,418$1,986,605
37$2,307,733$1,492,083$1,304,120$2,110,551
38$2,500,938$1,523,010$1,305,623$2,245,457
39$2,712,520$1,554,125$1,305,849$2,392,418
40$2,944,314$1,585,393$1,304,711$2,552,639
41$3,198,336$1,616,780$1,302,121$2,727,447
42$3,476,811$1,648,247$1,297,987$2,918,309
43$3,782,185$1,679,750$1,292,209$3,126,838
44$4,117,156$1,711,246$1,284,686$3,354,815
45$4,484,693$1,742,685$1,275,311$3,604,199
46$4,888,069$1,774,013$1,263,970$3,877,155
47$5,330,885$1,805,173$1,250,547$4,176,065
48$5,817,112$1,836,104$1,234,917$4,503,557
49$6,351,123$1,866,738$1,216,951$4,862,527
50$6,937,733$1,897,004$1,196,515$5,256,167
51$7,582,250$1,926,825$1,173,466$5,687,998
52$8,290,519$1,956,118$1,147,657$6,161,898
53$9,068,980$1,984,796$1,118,931$6,682,143
54$9,924,728$2,012,763$1,087,127$7,253,448
55$10,865,579$2,039,918$1,052,076$7,881,008
56$11,900,147$2,066,152$1,013,598$8,570,550
57$13,037,918$2,091,350$971,510$9,328,388
58$14,289,346$2,115,387$925,616$10,161,481
59$15,665,949$2,138,130$875,714$11,077,499
60$17,180,417$2,159,440$821,591$12,084,898
61$18,846,731$2,179,164$763,027$13,192,997
62$20,680,298$2,197,144$699,788$14,412,068
63$22,698,091$2,213,207$631,634$15,753,436
64$24,918,815$2,227,172$558,312$17,229,580
65$27,363,075$2,238,845$479,557$18,854,257
66$30,053,581$2,248,020$395,094$20,642,631
67$33,015,351$2,254,478$304,635$22,611,414
68$36,275,955$2,257,986$207,879$24,779,026
69$39,865,772$2,258,296$104,512$27,165,772
70$43,818,275$2,255,147$0$29,794,030
71$48,170,348$2,248,258$0$32,690,012
72$52,962,635$2,237,334$0$35,909,210
73$58,239,921$2,222,060$0$39,453,774
74$64,051,555$2,202,104$0$43,356,828
75$70,451,918$2,177,111$0$47,654,875
76$77,500,931$2,146,708$0$52,388,141
77$85,264,626$2,110,496$0$57,600,952
78$93,815,764$2,068,056$0$63,342,159
79$103,234,523$2,018,942$0$69,665,594
80$113,609,256$1,962,682$0$76,630,577
81$125,037,324$1,898,778$0$84,302,484
82$137,626,013$1,826,699$0$92,753,354
83$151,493,546$1,745,887$0$102,062,578
84$166,770,203$1,655,751$0$112,317,644
85$183,599,545$1,555,664$0$123,614,964
86$202,139,771$1,444,964$0$136,060,785
87$222,565,212$1,322,951$0$149,772,191
88$245,067,974$1,188,887$0$164,878,210
89$269,859,753$1,041,988$0$181,521,033
90$297,173,831$881,428$0$199,857,353
91$327,267,279$706,336$0$220,059,851
92$360,423,383$515,788$0$242,318,819
93$396,954,317$308,810$0$266,843,964
94$437,204,090$84,375$0$293,866,382
95$481,551,794$0$0$323,640,747
96$530,415,180$0$0$356,472,142
97$584,254,602$0$0$392,661,446
98$643,577,362$0$0$432,536,678
99$708,942,501$0$0$476,473,631
100$780,966,072$0$0$524,886,427