Can I retire at age 30 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$101,572$100,667$99,785$98,923$98,082$95,248
2 years$50,283$49,347$48,439$47,559$46,706$43,873
3 years$33,189$32,249$31,343$30,472$29,632$26,889
4 years$24,644$23,706$22,810$21,953$21,134$18,502
5 years$19,518$18,586$17,701$16,862$16,066$13,552
6 years$16,102$15,177$14,305$13,485$12,712$10,319
7 years$13,663$12,745$11,888$11,087$10,338$8,066
8 years$11,834$10,925$10,082$9,300$8,577$6,424
9 years$10,413$9,512$8,683$7,922$7,223$5,187
10 years$9,276$8,385$7,570$6,829$6,154$4,233
11 years$8,347$7,464$6,665$5,943$5,293$3,482
12 years$7,573$6,700$5,915$5,213$4,587$2,884
13 years$6,919$6,055$5,285$4,602$4,000$2,401
14 years$6,359$5,503$4,748$4,085$3,506$2,007
15 years$5,873$5,027$4,287$3,643$3,087$1,684
16 years$5,449$4,613$3,887$3,262$2,728$1,416
17 years$5,076$4,248$3,537$2,931$2,419$1,194
18 years$4,744$3,925$3,229$2,641$2,151$1,009
19 years$4,447$3,638$2,956$2,387$1,917$854
20 years$4,180$3,381$2,713$2,162$1,712$724
21 years$3,939$3,149$2,495$1,962$1,532$614
22 years$3,721$2,939$2,300$1,784$1,374$522
23 years$3,521$2,749$2,123$1,625$1,233$443
24 years$3,339$2,576$1,964$1,482$1,108$377
25 years$3,171$2,417$1,819$1,353$997$321
26 years$3,017$2,272$1,687$1,237$898$273
27 years$2,874$2,138$1,566$1,132$810$233
28 years$2,741$2,015$1,456$1,038$731$198
29 years$2,618$1,901$1,355$951$660$169
30 years$2,504$1,795$1,262$873$596$144
31 years$2,397$1,697$1,177$802$539$123
32 years$2,297$1,606$1,098$737$488$105
33 years$2,203$1,520$1,025$678$441$90
34 years$2,115$1,441$958$624$400$76
35 years$2,032$1,367$895$574$362$65
36 years$1,954$1,297$838$529$328$56
37 years$1,880$1,232$784$487$297$47
38 years$1,810$1,171$734$449$269$41
39 years$1,744$1,113$688$414$244$35
40 years$1,682$1,059$645$382$222$30
41 years$1,622$1,008$605$352$201$25
42 years$1,566$960$567$325$182$22
43 years$1,512$915$532$300$166$18
44 years$1,461$872$500$277$150$16
45 years$1,413$832$469$256$136$13
46 years$1,366$793$441$236$124$11
47 years$1,322$757$414$218$112$10
48 years$1,280$723$389$202$102$8
49 years$1,240$690$366$187$93$7
50 years$1,201$659$344$172$84$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,230,000, adding $5,665 every year, while hoping to spend $31,314 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: 70/9/21 Blend
29$1,230,000$1,230,000$1,230,000$1,230,000
30$1,361,303$1,296,113$1,277,048$1,449,156
31$1,466,839$1,326,305$1,286,512$1,538,714
32$1,582,089$1,356,927$1,295,242$1,632,491
33$1,708,012$1,387,966$1,303,183$1,734,371
34$1,845,662$1,419,410$1,310,273$1,845,155
35$1,996,202$1,451,243$1,316,449$1,965,722
36$2,160,907$1,483,447$1,321,643$2,097,042
37$2,341,188$1,516,004$1,325,786$2,240,185
38$2,538,593$1,548,891$1,328,804$2,396,328
39$2,754,829$1,582,087$1,330,618$2,566,768
40$2,991,776$1,615,564$1,331,149$2,752,936
41$3,251,505$1,649,294$1,330,309$2,956,408
42$3,536,294$1,683,245$1,328,011$3,178,920
43$3,848,656$1,717,384$1,324,159$3,422,385
44$4,191,356$1,751,673$1,318,656$3,688,913
45$4,567,441$1,786,071$1,311,397$3,980,827
46$4,980,266$1,820,535$1,302,275$4,300,688
47$5,433,528$1,855,017$1,291,177$4,651,320
48$5,931,300$1,889,464$1,277,982$5,035,832
49$6,478,065$1,923,821$1,262,568$5,457,653
50$7,078,767$1,958,027$1,244,803$5,920,560
51$7,738,848$1,992,017$1,224,551$6,428,717
52$8,464,306$2,025,722$1,201,669$6,986,713
53$9,261,748$2,059,065$1,176,007$7,599,605
54$10,138,453$2,091,965$1,147,410$8,272,966
55$11,102,439$2,124,336$1,115,712$9,012,939
56$12,162,543$2,156,083$1,080,744$9,826,294
57$13,328,499$2,187,108$1,042,325$10,720,492
58$14,611,031$2,217,301$1,000,269$11,703,755
59$16,021,957$2,246,550$954,379$12,785,146
60$17,574,297$2,274,731$904,450$13,974,652
61$19,282,395$2,301,713$850,269$15,283,281
62$21,162,058$2,327,355$791,612$16,723,164
63$23,230,702$2,351,510$728,245$18,307,671
64$25,507,516$2,374,016$659,924$20,051,537
65$28,013,645$2,394,705$586,393$21,971,001
66$30,772,386$2,413,395$507,386$24,083,960
67$33,809,411$2,429,893$422,626$26,410,141
68$37,153,007$2,443,994$331,820$28,971,280
69$40,834,344$2,455,480$234,666$31,791,335
70$44,887,767$2,464,118$130,847$34,896,711
71$49,351,121$2,469,661$20,032$38,316,507
72$54,266,108$2,471,848$0$42,082,791
73$59,678,681$2,470,398$0$46,252,917
74$65,639,475$2,465,016$0$50,850,048
75$72,204,288$2,455,389$0$55,912,701
76$79,434,604$2,441,181$0$61,488,274
77$87,398,174$2,422,040$0$67,628,996
78$96,169,658$2,397,589$0$74,392,424
79$105,831,324$2,367,433$0$81,841,981
80$116,473,830$2,331,148$0$90,047,560
81$128,197,074$2,288,287$0$99,086,181
82$141,111,141$2,238,379$0$109,042,716
83$155,337,339$2,180,921$0$120,010,695
84$171,009,343$2,115,382$0$132,093,186
85$188,274,462$2,041,202$0$145,403,766
86$207,295,021$1,957,784$0$160,067,599
87$228,249,899$1,864,501$0$176,222,609
88$251,336,214$1,760,687$0$194,020,792
89$276,771,186$1,645,639$0$213,629,642
90$304,794,182$1,518,611$0$235,233,738
91$335,668,983$1,378,817$0$259,036,483
92$369,686,266$1,225,426$0$285,262,029
93$407,166,352$1,057,558$0$314,157,385
94$448,462,228$874,286$0$345,994,757
95$493,962,877$674,629$0$381,074,114
96$544,096,954$457,549$0$419,726,022
97$599,336,828$221,953$0$462,314,760
98$660,203,041$0$0$509,241,767
99$727,269,224$0$0$560,952,723
100$801,167,510$0$0$617,955,884