Can I retire at age 30 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$102,398$101,486$100,596$99,727$98,879$97,928
2 years$50,692$49,748$48,833$47,946$47,085$46,127
3 years$33,459$32,511$31,598$30,719$29,873$28,938
4 years$24,844$23,899$22,995$22,132$21,306$20,400
5 years$19,677$18,737$17,845$16,999$16,196$15,323
6 years$16,233$15,300$14,422$13,594$12,815$11,976
7 years$13,774$12,849$11,985$11,177$10,422$9,617
8 years$11,930$11,014$10,164$9,376$8,646$7,875
9 years$10,497$9,590$8,754$7,986$7,282$6,544
10 years$9,352$8,453$7,632$6,884$6,204$5,500
11 years$8,415$7,525$6,719$5,991$5,336$4,664
12 years$7,635$6,754$5,963$5,255$4,624$3,984
13 years$6,975$6,104$5,328$4,640$4,032$3,424
14 years$6,410$5,548$4,787$4,118$3,535$2,957
15 years$5,921$5,068$4,322$3,673$3,112$2,564
16 years$5,494$4,650$3,918$3,289$2,750$2,231
17 years$5,117$4,283$3,566$2,955$2,439$1,947
18 years$4,782$3,957$3,255$2,663$2,168$1,704
19 years$4,483$3,668$2,980$2,406$1,933$1,494
20 years$4,214$3,408$2,735$2,179$1,726$1,313
21 years$3,971$3,174$2,515$1,978$1,545$1,155
22 years$3,751$2,963$2,318$1,798$1,385$1,018
23 years$3,550$2,771$2,141$1,638$1,243$898
24 years$3,366$2,597$1,980$1,494$1,117$793
25 years$3,197$2,437$1,834$1,364$1,005$701
26 years$3,041$2,290$1,701$1,247$906$621
27 years$2,897$2,155$1,579$1,142$817$549
28 years$2,764$2,031$1,468$1,046$737$487
29 years$2,640$1,916$1,366$959$665$432
30 years$2,524$1,810$1,272$880$601$383
31 years$2,416$1,711$1,186$809$543$340
32 years$2,315$1,619$1,107$743$492$302
33 years$2,221$1,533$1,033$683$445$268
34 years$2,132$1,453$966$629$403$238
35 years$2,048$1,378$903$579$365$211
36 years$1,969$1,308$844$533$331$188
37 years$1,895$1,242$790$491$300$167
38 years$1,825$1,180$740$453$272$148
39 years$1,758$1,123$693$417$246$132
40 years$1,695$1,068$650$385$223$117
41 years$1,635$1,017$609$355$203$104
42 years$1,579$968$572$328$184$93
43 years$1,525$922$536$303$167$83
44 years$1,473$879$504$279$152$74
45 years$1,424$839$473$258$138$65
46 years$1,378$800$444$238$125$58
47 years$1,333$763$417$220$113$52
48 years$1,290$729$392$203$103$46
49 years$1,250$696$369$188$94$41
50 years$1,211$665$346$174$85$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,240,000, adding $5,556 every year, while hoping to spend $35,331 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: 54/37/9 Blend
29$1,240,000$1,240,000$1,240,000$1,240,000
30$1,372,211$1,306,491$1,287,271$1,442,962
31$1,474,585$1,332,917$1,292,803$1,517,956
32$1,586,216$1,359,454$1,297,336$1,595,198
33$1,708,013$1,386,070$1,300,799$1,678,422
34$1,840,973$1,412,730$1,303,118$1,768,203
35$1,986,195$1,439,397$1,304,216$1,865,173
36$2,144,889$1,466,029$1,304,009$1,970,029
37$2,318,387$1,492,584$1,302,413$2,083,538
38$2,508,156$1,519,014$1,299,337$2,206,547
39$2,715,810$1,545,268$1,294,687$2,339,987
40$2,943,127$1,571,291$1,288,364$2,484,887
41$3,192,065$1,597,023$1,280,263$2,642,378
42$3,464,780$1,622,402$1,270,276$2,813,709
43$3,763,647$1,647,358$1,258,289$3,000,257
44$4,091,279$1,671,819$1,244,182$3,203,538
45$4,450,558$1,695,707$1,227,831$3,425,223
46$4,844,656$1,718,937$1,209,104$3,667,156
47$5,277,066$1,741,420$1,187,864$3,931,369
48$5,751,636$1,763,059$1,163,967$4,220,101
49$6,272,607$1,783,753$1,137,264$4,535,821
50$6,844,647$1,803,391$1,107,596$4,881,252
51$7,472,901$1,821,857$1,074,801$5,259,392
52$8,163,035$1,839,026$1,038,704$5,673,551
53$8,921,291$1,854,765$999,128$6,127,375
54$9,754,547$1,868,932$955,882$6,624,883
55$10,670,378$1,881,377$908,771$7,170,509
56$11,677,131$1,891,939$857,590$7,769,136
57$12,784,002$1,900,448$802,123$8,426,152
58$14,001,121$1,906,721$742,145$9,147,493
59$15,339,651$1,910,566$677,422$9,939,706
60$16,811,889$1,911,777$607,710$10,810,007
61$18,431,384$1,910,137$532,751$11,766,349
62$20,213,066$1,905,414$452,278$12,817,502
63$22,173,382$1,897,362$366,013$13,973,134
64$24,330,455$1,885,722$273,663$15,243,901
65$26,704,255$1,870,215$174,924$16,641,550
66$29,316,783$1,850,550$69,478$18,179,032
67$32,192,283$1,826,415$0$19,870,622
68$35,357,467$1,797,481$0$21,736,190
69$38,841,770$1,763,399$0$23,796,338
70$42,677,624$1,723,799$0$26,063,543
71$46,900,765$1,678,289$0$28,558,919
72$51,550,573$1,626,454$0$31,305,740
73$56,670,438$1,567,857$0$34,329,655
74$62,308,173$1,502,032$0$37,658,936
75$68,516,463$1,428,488$0$41,324,745
76$75,353,364$1,346,706$0$45,361,428
77$82,882,847$1,256,135$0$49,806,840
78$91,175,407$1,156,195$0$54,702,704
79$100,308,720$1,046,270$0$60,095,005
80$110,368,385$925,712$0$66,034,430
81$121,448,722$793,835$0$72,576,841
82$133,653,671$649,912$0$79,783,807
83$147,097,766$493,178$0$87,723,190
84$161,907,219$322,824$0$96,469,779
85$178,221,108$137,995$0$106,106,008
86$196,192,693$0$0$116,722,727
87$215,990,861$0$0$128,445,397
88$237,801,717$0$0$141,421,878
89$261,830,344$0$0$155,718,024
90$288,302,735$0$0$171,468,317
91$317,467,930$0$0$188,820,953
92$349,600,362$0$0$207,939,238
93$385,002,448$0$0$229,003,132
94$424,007,448$0$0$252,210,947
95$466,982,602$0$0$277,781,218
96$514,332,603$0$0$305,954,767
97$566,503,414$0$0$336,996,973
98$623,986,477$0$0$371,200,282
99$687,323,354$0$0$408,886,960
100$757,110,836$0$0$450,412,144