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%13.6%
1 years$101,572$100,667$99,785$98,923$98,082$96,616
2 years$50,283$49,347$48,439$47,559$46,706$45,232
3 years$33,189$32,249$31,343$30,472$29,632$28,197
4 years$24,644$23,706$22,810$21,953$21,134$19,748
5 years$19,518$18,586$17,701$16,862$16,066$14,733
6 years$16,102$15,177$14,305$13,485$12,712$11,434
7 years$13,663$12,745$11,888$11,087$10,338$9,116
8 years$11,834$10,925$10,082$9,300$8,577$7,409
9 years$10,413$9,512$8,683$7,922$7,223$6,110
10 years$9,276$8,385$7,570$6,829$6,154$5,095
11 years$8,347$7,464$6,665$5,943$5,293$4,286
12 years$7,573$6,700$5,915$5,213$4,587$3,631
13 years$6,919$6,055$5,285$4,602$4,000$3,094
14 years$6,359$5,503$4,748$4,085$3,506$2,649
15 years$5,873$5,027$4,287$3,643$3,087$2,277
16 years$5,449$4,613$3,887$3,262$2,728$1,963
17 years$5,076$4,248$3,537$2,931$2,419$1,698
18 years$4,744$3,925$3,229$2,641$2,151$1,472
19 years$4,447$3,638$2,956$2,387$1,917$1,279
20 years$4,180$3,381$2,713$2,162$1,712$1,113
21 years$3,939$3,149$2,495$1,962$1,532$970
22 years$3,721$2,939$2,300$1,784$1,374$846
23 years$3,521$2,749$2,123$1,625$1,233$739
24 years$3,339$2,576$1,964$1,482$1,108$646
25 years$3,171$2,417$1,819$1,353$997$565
26 years$3,017$2,272$1,687$1,237$898$495
27 years$2,874$2,138$1,566$1,132$810$434
28 years$2,741$2,015$1,456$1,038$731$381
29 years$2,618$1,901$1,355$951$660$334
30 years$2,504$1,795$1,262$873$596$293
31 years$2,397$1,697$1,177$802$539$257
32 years$2,297$1,606$1,098$737$488$226
33 years$2,203$1,520$1,025$678$441$198
34 years$2,115$1,441$958$624$400$174
35 years$2,032$1,367$895$574$362$153
36 years$1,954$1,297$838$529$328$135
37 years$1,880$1,232$784$487$297$118
38 years$1,810$1,171$734$449$269$104
39 years$1,744$1,113$688$414$244$92
40 years$1,682$1,059$645$382$222$81
41 years$1,622$1,008$605$352$201$71
42 years$1,566$960$567$325$182$62
43 years$1,512$915$532$300$166$55
44 years$1,461$872$500$277$150$48
45 years$1,413$832$469$256$136$42
46 years$1,366$793$441$236$124$37
47 years$1,322$757$414$218$112$33
48 years$1,280$723$389$202$102$29
49 years$1,240$690$366$187$93$25
50 years$1,201$659$344$172$84$22

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 $6,581 every year, while hoping to spend $58,625 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: 67/17/16 Blend
29$1,230,000$1,230,000$1,230,000$1,230,000
30$1,362,248$1,297,058$1,277,993$1,447,879
31$1,438,821$1,298,238$1,258,430$1,507,065
32$1,521,239$1,297,510$1,236,246$1,564,280
33$1,610,038$1,294,720$1,211,292$1,625,386
34$1,705,803$1,289,702$1,183,411$1,690,760
35$1,809,179$1,282,282$1,152,440$1,760,819
36$1,920,876$1,272,275$1,118,207$1,836,026
37$2,041,671$1,259,482$1,080,533$1,916,891
38$2,172,421$1,243,696$1,039,230$2,003,978
39$2,314,066$1,224,695$994,103$2,097,910
40$2,467,641$1,202,245$944,945$2,199,374
41$2,634,282$1,176,097$891,543$2,309,132
42$2,815,242$1,145,989$833,672$2,428,023
43$3,011,896$1,111,642$771,100$2,556,975
44$3,225,758$1,072,761$703,580$2,697,013
45$3,458,493$1,029,034$630,858$2,849,269
46$3,711,934$980,131$552,666$3,014,993
47$3,988,098$925,703$468,727$3,195,566
48$4,289,202$865,382$378,748$3,392,512
49$4,617,690$798,775$282,425$3,607,515
50$4,976,251$725,471$179,442$3,842,435
51$5,367,842$645,033$69,468$4,099,323
52$5,795,722$557,000$0$4,380,446
53$6,263,478$460,884$0$4,696,482
54$6,775,057$356,172$0$5,055,204
55$7,334,807$242,319$0$5,447,853
56$7,947,516$118,751$0$5,877,859
57$8,618,455$0$0$6,349,008
58$9,353,428$0$0$6,868,303
59$10,158,830$0$0$7,461,775
60$11,041,699$0$0$8,112,408
61$12,009,792$0$0$8,825,926
62$13,071,648$0$0$9,608,633
63$14,236,675$0$0$10,467,474
64$15,515,233$0$0$11,410,098
65$16,918,737$0$0$12,444,930
66$18,459,757$0$0$13,581,251
67$20,152,144$0$0$14,829,286
68$22,011,154$0$0$16,200,297
69$24,053,592$0$0$17,706,691
70$26,297,974$0$0$19,362,137
71$28,764,697$0$0$21,181,694
72$31,476,232$0$0$23,181,951
73$34,457,336$0$0$25,381,186
74$37,735,285$0$0$27,799,535
75$41,340,128$0$0$30,459,184
76$45,304,974$0$0$33,384,576
77$49,666,301$0$0$36,602,642
78$54,464,300$0$0$40,143,056
79$59,743,255$0$0$44,038,511
80$65,551,956$0$0$48,325,029
81$71,944,164$0$0$53,042,302
82$78,979,113$0$0$58,234,062
83$86,722,071$0$0$63,948,497
84$95,244,954$0$0$70,238,704
85$104,627,004$0$0$77,163,186
86$114,955,535$0$0$84,786,410
87$126,326,759$0$0$93,179,409
88$138,846,690$0$0$102,420,454
89$152,632,143$0$0$112,595,794
90$167,811,839$0$0$123,800,465
91$184,527,618$0$0$136,139,189
92$202,935,775$0$0$149,727,361
93$223,208,532$0$0$164,692,140
94$245,535,671$0$0$181,173,642
95$270,126,313$0$0$199,326,269
96$297,210,900$0$0$219,320,161
97$327,043,363$0$0$241,342,802
98$359,903,522$0$0$265,600,790
99$396,099,721$0$0$292,321,786
100$435,971,743$0$0$321,756,658