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

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$102,398$101,486$100,596$99,727$98,879$95,906
2 years$50,692$49,748$48,833$47,946$47,085$44,115
3 years$33,459$32,511$31,598$30,719$29,873$26,999
4 years$24,844$23,899$22,995$22,132$21,306$18,549
5 years$19,677$18,737$17,845$16,999$16,196$13,565
6 years$16,233$15,300$14,422$13,594$12,815$10,312
7 years$13,774$12,849$11,985$11,177$10,422$8,047
8 years$11,930$11,014$10,164$9,376$8,646$6,397
9 years$10,497$9,590$8,754$7,986$7,282$5,156
10 years$9,352$8,453$7,632$6,884$6,204$4,200
11 years$8,415$7,525$6,719$5,991$5,336$3,448
12 years$7,635$6,754$5,963$5,255$4,624$2,850
13 years$6,975$6,104$5,328$4,640$4,032$2,368
14 years$6,410$5,548$4,787$4,118$3,535$1,975
15 years$5,921$5,068$4,322$3,673$3,112$1,654
16 years$5,494$4,650$3,918$3,289$2,750$1,388
17 years$5,117$4,283$3,566$2,955$2,439$1,168
18 years$4,782$3,957$3,255$2,663$2,168$985
19 years$4,483$3,668$2,980$2,406$1,933$831
20 years$4,214$3,408$2,735$2,179$1,726$703
21 years$3,971$3,174$2,515$1,978$1,545$595
22 years$3,751$2,963$2,318$1,798$1,385$504
23 years$3,550$2,771$2,141$1,638$1,243$428
24 years$3,366$2,597$1,980$1,494$1,117$363
25 years$3,197$2,437$1,834$1,364$1,005$308
26 years$3,041$2,290$1,701$1,247$906$262
27 years$2,897$2,155$1,579$1,142$817$222
28 years$2,764$2,031$1,468$1,046$737$189
29 years$2,640$1,916$1,366$959$665$161
30 years$2,524$1,810$1,272$880$601$137
31 years$2,416$1,711$1,186$809$543$116
32 years$2,315$1,619$1,107$743$492$99
33 years$2,221$1,533$1,033$683$445$84
34 years$2,132$1,453$966$629$403$72
35 years$2,048$1,378$903$579$365$61
36 years$1,969$1,308$844$533$331$52
37 years$1,895$1,242$790$491$300$44
38 years$1,825$1,180$740$453$272$38
39 years$1,758$1,123$693$417$246$32
40 years$1,695$1,068$650$385$223$27
41 years$1,635$1,017$609$355$203$23
42 years$1,579$968$572$328$184$20
43 years$1,525$922$536$303$167$17
44 years$1,473$879$504$279$152$14
45 years$1,424$839$473$258$138$12
46 years$1,378$800$444$238$125$10
47 years$1,333$763$417$220$113$9
48 years$1,290$729$392$203$103$8
49 years$1,250$696$369$188$94$6
50 years$1,211$665$346$174$85$5

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 $5,402 every year, while hoping to spend $41,906 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: 83/10/7 Blend
29$1,240,000$1,240,000$1,240,000$1,240,000
30$1,372,052$1,306,332$1,287,112$1,484,599
31$1,467,414$1,325,755$1,285,643$1,578,364
32$1,571,098$1,344,725$1,282,720$1,675,107
33$1,683,909$1,363,175$1,278,250$1,780,036
34$1,806,732$1,381,035$1,272,136$1,893,946
35$1,940,542$1,398,229$1,264,276$2,017,714
36$2,086,411$1,414,676$1,254,562$2,152,302
37$2,245,518$1,430,288$1,242,883$2,298,775
38$2,419,162$1,444,974$1,229,121$2,458,301
39$2,608,773$1,458,634$1,213,153$2,632,168
40$2,815,924$1,471,163$1,194,850$2,821,796
41$3,042,348$1,482,449$1,174,077$3,028,749
42$3,289,951$1,492,374$1,150,692$3,254,748
43$3,560,835$1,500,809$1,124,549$3,501,689
44$3,857,311$1,507,619$1,095,493$3,771,664
45$4,181,926$1,512,662$1,063,361$4,066,973
46$4,537,483$1,515,783$1,027,984$4,390,155
47$4,927,071$1,516,821$989,186$4,744,003
48$5,354,090$1,515,602$946,781$5,131,596
49$5,822,285$1,511,945$900,576$5,556,327
50$6,335,781$1,505,653$850,369$6,021,935
51$6,899,122$1,496,522$795,948$6,532,539
52$7,517,312$1,484,331$737,092$7,092,676
53$8,195,864$1,468,849$673,570$7,707,348
54$8,940,850$1,449,830$605,142$8,382,066
55$9,758,957$1,427,013$531,555$9,122,903
56$10,657,555$1,400,121$452,547$9,936,549
57$11,644,760$1,368,861$367,842$10,830,380
58$12,729,515$1,332,925$277,154$11,812,520
59$13,921,669$1,291,982$180,182$12,891,924
60$15,232,077$1,245,686$76,615$14,078,460
61$16,672,693$1,193,669$0$15,383,001
62$18,256,691$1,135,542$0$16,820,064
63$19,998,583$1,070,894$0$18,406,594
64$21,914,360$999,288$0$20,151,440
65$24,021,636$920,265$0$22,070,669
66$26,339,824$833,339$0$24,181,983
67$28,890,308$737,995$0$26,504,888
68$31,696,652$633,689$0$29,060,881
69$34,784,818$519,847$0$31,873,648
70$38,183,413$395,863$0$34,969,290
71$41,923,957$261,096$0$38,376,571
72$46,041,180$114,869$0$42,127,186
73$50,573,350$0$0$46,256,063
74$55,562,635$0$0$50,806,481
75$61,055,498$0$0$55,830,128
76$67,103,135$0$0$61,361,190
77$73,761,960$0$0$67,451,267
78$81,094,136$0$0$74,157,216
79$89,168,160$0$0$81,541,688
80$98,059,511$0$0$89,673,720
81$107,851,360$0$0$98,629,385
82$118,635,356$0$0$108,492,509
83$130,512,488$0$0$119,355,464
84$143,594,043$0$0$131,320,038
85$158,002,648$0$0$144,498,393
86$173,873,435$0$0$159,014,126
87$191,355,309$0$0$175,003,437
88$210,612,358$0$0$192,616,409
89$231,825,398$0$0$212,018,426
90$255,193,682$0$0$233,391,736
91$280,936,776$0$0$256,937,168
92$309,296,637$0$0$282,876,027
93$340,539,889$0$0$311,452,185
94$374,960,344$0$0$342,934,380
95$412,881,777$0$0$377,618,751
96$454,660,972$0$0$415,831,638
97$500,691,101$0$0$457,932,656
98$551,405,427$0$0$504,318,093
99$607,281,395$0$0$555,424,648
100$668,845,138$0$0$611,733,554