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%16.9%
1 years$100,746$99,849$98,974$98,119$97,285$94,549
2 years$49,874$48,946$48,045$47,173$46,326$43,591
3 years$32,919$31,987$31,089$30,224$29,391$26,742
4 years$24,443$23,513$22,625$21,775$20,962$18,420
5 years$19,359$18,435$17,558$16,725$15,935$13,506
6 years$15,971$15,053$14,189$13,375$12,609$10,295
7 years$13,552$12,642$11,791$10,996$10,254$8,057
8 years$11,738$10,836$10,000$9,225$8,507$6,424
9 years$10,328$9,435$8,613$7,857$7,164$5,193
10 years$9,201$8,317$7,509$6,773$6,104$4,243
11 years$8,279$7,404$6,611$5,895$5,250$3,495
12 years$7,512$6,645$5,867$5,170$4,549$2,898
13 years$6,863$6,005$5,242$4,565$3,967$2,416
14 years$6,307$5,459$4,710$4,052$3,478$2,023
15 years$5,826$4,987$4,252$3,614$3,062$1,699
16 years$5,405$4,575$3,855$3,236$2,706$1,431
17 years$5,034$4,213$3,508$2,907$2,399$1,209
18 years$4,705$3,893$3,202$2,620$2,133$1,023
19 years$4,411$3,608$2,932$2,367$1,902$867
20 years$4,146$3,353$2,691$2,144$1,699$736
21 years$3,907$3,123$2,475$1,946$1,520$625
22 years$3,690$2,915$2,281$1,769$1,362$532
23 years$3,493$2,727$2,106$1,611$1,223$453
24 years$3,312$2,555$1,948$1,470$1,099$386
25 years$3,145$2,398$1,804$1,342$989$329
26 years$2,992$2,253$1,673$1,227$891$280
27 years$2,850$2,121$1,554$1,123$803$239
28 years$2,719$1,998$1,444$1,029$725$204
29 years$2,597$1,885$1,344$944$655$174
30 years$2,483$1,780$1,252$866$591$149
31 years$2,377$1,683$1,167$795$535$127
32 years$2,278$1,592$1,089$731$484$109
33 years$2,185$1,508$1,017$672$438$93
34 years$2,097$1,429$950$619$396$79
35 years$2,015$1,356$888$569$359$68
36 years$1,938$1,287$831$524$325$58
37 years$1,864$1,222$778$483$295$50
38 years$1,795$1,161$728$445$267$42
39 years$1,730$1,104$682$411$242$36
40 years$1,668$1,051$640$379$220$31
41 years$1,609$1,000$600$349$199$27
42 years$1,553$953$563$323$181$23
43 years$1,500$908$528$298$164$19
44 years$1,450$865$495$275$149$17
45 years$1,401$825$465$254$135$14
46 years$1,355$787$437$234$123$12
47 years$1,312$751$411$217$112$10
48 years$1,270$717$386$200$101$9
49 years$1,230$685$363$185$92$8
50 years$1,191$654$341$171$84$7

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 $3,501 every year, while hoping to spend $52,490 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: 65/18/17 Blend
29$1,220,000$1,220,000$1,220,000$1,220,000
30$1,348,051$1,283,391$1,264,481$1,429,810
31$1,429,704$1,290,429$1,250,992$1,492,062
32$1,517,925$1,296,051$1,235,293$1,553,700
33$1,613,331$1,300,135$1,217,252$1,619,788
34$1,716,596$1,302,547$1,196,735$1,690,758
35$1,828,463$1,303,146$1,173,600$1,767,093
36$1,949,749$1,301,783$1,147,699$1,849,324
37$2,081,352$1,298,299$1,118,875$1,938,035
38$2,224,260$1,292,526$1,086,967$2,033,874
39$2,379,558$1,284,283$1,051,805$2,137,557
40$2,548,442$1,273,382$1,013,209$2,249,871
41$2,732,226$1,259,621$970,995$2,371,689
42$2,932,358$1,242,787$924,968$2,503,972
43$3,150,429$1,222,654$874,924$2,647,782
44$3,388,190$1,198,981$820,652$2,804,291
45$3,647,570$1,171,516$761,928$2,974,794
46$3,930,691$1,139,989$698,522$3,160,720
47$4,239,889$1,104,116$630,190$3,363,646
48$4,577,736$1,063,596$556,679$3,585,313
49$4,947,062$1,018,110$477,726$3,827,642
50$5,350,986$967,320$393,052$4,092,754
51$5,792,938$910,870$302,371$4,382,989
52$6,276,698$848,383$205,381$4,700,932
53$6,806,427$779,460$101,767$5,049,431
54$7,386,708$703,680$0$5,431,633
55$8,022,588$620,595$0$5,852,606
56$8,719,624$529,737$0$6,334,385
57$9,483,938$430,606$0$6,862,783
58$10,322,271$322,677$0$7,442,529
59$11,242,050$205,396$0$8,078,836
60$12,251,455$78,176$0$8,777,452
61$13,359,494$0$0$9,544,715
62$14,576,092$0$0$10,399,414
63$15,912,182$0$0$11,355,150
64$17,379,807$0$0$12,405,064
65$18,992,234$0$0$13,558,657
66$20,764,079$0$0$14,826,396
67$22,711,443$0$0$16,219,816
68$24,852,066$0$0$17,751,619
69$27,205,489$0$0$19,435,804
70$29,793,245$0$0$21,287,792
71$32,639,055$0$0$23,324,573
72$35,769,055$0$0$25,564,866
73$39,212,041$0$0$28,029,297
74$42,999,740$0$0$30,740,589
75$47,167,107$0$0$33,723,781
76$51,752,661$0$0$37,006,459
77$56,798,838$0$0$40,619,020
78$62,352,398$0$0$44,594,957
79$68,464,863$0$0$48,971,172
80$75,193,005$0$0$53,788,328
81$82,599,376$0$0$59,091,230
82$90,752,902$0$0$64,929,248
83$99,729,532$0$0$71,356,781
84$109,612,953$0$0$78,433,772
85$120,495,380$0$0$86,226,272
86$132,478,425$0$0$94,807,062
87$145,674,054$0$0$104,256,344
88$160,205,647$0$0$114,662,489
89$176,209,157$0$0$126,122,880
90$193,834,394$0$0$138,744,821
91$213,246,441$0$0$152,646,560
92$234,627,205$0$0$167,958,393
93$258,177,142$0$0$184,823,902
94$284,117,137$0$0$203,401,307
95$312,690,599$0$0$223,864,956
96$344,165,749$0$0$246,406,973
97$378,838,157$0$0$271,239,072
98$417,033,527$0$0$298,594,551
99$459,110,772$0$0$328,730,495
100$505,465,401$0$0$361,930,203