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%19.5%
1 years$102,398$101,486$100,596$99,727$98,879$95,106
2 years$50,692$49,748$48,833$47,946$47,085$43,329
3 years$33,459$32,511$31,598$30,719$29,873$26,251
4 years$24,844$23,899$22,995$22,132$21,306$17,845
5 years$19,677$18,737$17,845$16,999$16,196$12,907
6 years$16,233$15,300$14,422$13,594$12,815$9,699
7 years$13,774$12,849$11,985$11,177$10,422$7,478
8 years$11,930$11,014$10,164$9,376$8,646$5,872
9 years$10,497$9,590$8,754$7,986$7,282$4,672
10 years$9,352$8,453$7,632$6,884$6,204$3,755
11 years$8,415$7,525$6,719$5,991$5,336$3,042
12 years$7,635$6,754$5,963$5,255$4,624$2,479
13 years$6,975$6,104$5,328$4,640$4,032$2,030
14 years$6,410$5,548$4,787$4,118$3,535$1,669
15 years$5,921$5,068$4,322$3,673$3,112$1,377
16 years$5,494$4,650$3,918$3,289$2,750$1,138
17 years$5,117$4,283$3,566$2,955$2,439$943
18 years$4,782$3,957$3,255$2,663$2,168$783
19 years$4,483$3,668$2,980$2,406$1,933$650
20 years$4,214$3,408$2,735$2,179$1,726$541
21 years$3,971$3,174$2,515$1,978$1,545$451
22 years$3,751$2,963$2,318$1,798$1,385$376
23 years$3,550$2,771$2,141$1,638$1,243$313
24 years$3,366$2,597$1,980$1,494$1,117$262
25 years$3,197$2,437$1,834$1,364$1,005$218
26 years$3,041$2,290$1,701$1,247$906$182
27 years$2,897$2,155$1,579$1,142$817$152
28 years$2,764$2,031$1,468$1,046$737$127
29 years$2,640$1,916$1,366$959$665$106
30 years$2,524$1,810$1,272$880$601$89
31 years$2,416$1,711$1,186$809$543$74
32 years$2,315$1,619$1,107$743$492$62
33 years$2,221$1,533$1,033$683$445$52
34 years$2,132$1,453$966$629$403$44
35 years$2,048$1,378$903$579$365$36
36 years$1,969$1,308$844$533$331$30
37 years$1,895$1,242$790$491$300$25
38 years$1,825$1,180$740$453$272$21
39 years$1,758$1,123$693$417$246$18
40 years$1,695$1,068$650$385$223$15
41 years$1,635$1,017$609$355$203$12
42 years$1,579$968$572$328$184$10
43 years$1,525$922$536$303$167$9
44 years$1,473$879$504$279$152$7
45 years$1,424$839$473$258$138$6
46 years$1,378$800$444$238$125$5
47 years$1,333$763$417$220$113$4
48 years$1,290$729$392$203$103$4
49 years$1,250$696$369$188$94$3
50 years$1,211$665$346$174$85$3

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 $2,422 every year, while hoping to spend $26,362 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: 79/11/10 Blend
29$1,240,000$1,240,000$1,240,000$1,240,000
30$1,368,978$1,303,258$1,284,038$1,474,670
31$1,480,565$1,339,069$1,299,005$1,580,223
32$1,602,650$1,375,751$1,313,589$1,692,327
33$1,736,277$1,413,319$1,327,750$1,814,539
34$1,882,593$1,451,787$1,341,446$1,947,858
35$2,042,864$1,491,171$1,354,631$2,093,380
36$2,218,482$1,531,485$1,367,257$2,252,316
37$2,410,982$1,572,742$1,379,274$2,425,997
38$2,622,052$1,614,956$1,390,630$2,615,890
39$2,853,553$1,658,142$1,401,268$2,823,611
40$3,107,536$1,702,311$1,411,131$3,050,940
41$3,386,256$1,747,476$1,420,156$3,299,838
42$3,692,202$1,793,649$1,428,278$3,572,463
43$4,028,111$1,840,842$1,435,430$3,871,194
44$4,397,000$1,889,066$1,441,539$4,198,652
45$4,802,195$1,938,331$1,446,531$4,557,725
46$5,247,355$1,988,645$1,450,326$4,951,592
47$5,736,514$2,040,018$1,452,841$5,383,758
48$6,274,117$2,092,457$1,453,990$5,858,084
49$6,865,058$2,145,968$1,453,679$6,378,821
50$7,514,731$2,200,558$1,451,815$6,950,658
51$8,229,078$2,256,230$1,448,295$7,578,757
52$9,014,645$2,312,986$1,443,014$8,268,806
53$9,878,646$2,370,829$1,435,862$9,027,074
54$10,829,026$2,429,759$1,426,722$9,860,468
55$11,874,543$2,489,773$1,415,473$10,776,597
56$13,024,842$2,550,867$1,401,987$11,783,847
57$14,290,553$2,613,037$1,386,131$12,891,456
58$15,683,387$2,676,274$1,367,764$14,109,605
59$17,216,250$2,740,569$1,346,742$15,449,513
60$18,903,359$2,805,908$1,322,909$16,923,541
61$20,760,381$2,872,277$1,296,106$18,545,310
62$22,804,580$2,939,658$1,266,165$20,329,829
63$25,054,975$3,008,030$1,232,910$22,293,637
64$27,532,528$3,077,368$1,196,158$24,454,960
65$30,260,332$3,147,646$1,155,715$26,833,881
66$33,263,835$3,218,830$1,111,381$29,452,530
67$36,571,080$3,290,887$1,062,946$32,335,294
68$40,212,966$3,363,776$1,010,191$35,509,046
69$44,223,541$3,437,452$952,884$39,003,399
70$48,640,322$3,511,868$890,786$42,850,987
71$53,504,654$3,586,969$823,647$47,087,769
72$58,862,093$3,662,695$751,203$51,753,372
73$64,762,840$3,738,980$673,181$56,891,464
74$71,262,212$3,815,753$589,296$62,550,167
75$78,421,168$3,892,934$499,247$68,782,510
76$86,306,879$3,970,440$402,723$75,646,928
77$94,993,364$4,048,175$299,399$83,207,819
78$104,562,192$4,126,041$188,933$91,536,146
79$115,103,245$4,203,925$70,971$100,710,110
80$126,715,569$4,281,712$0$110,815,889
81$139,508,313$4,359,271$0$121,954,308
82$153,601,750$4,436,465$0$134,232,621
83$169,128,421$4,513,144$0$147,758,619
84$186,234,381$4,589,148$0$162,659,433
85$205,080,576$4,664,305$0$179,075,161
86$225,844,367$4,738,428$0$197,160,190
87$248,721,201$4,811,319$0$217,084,646
88$273,926,453$4,882,764$0$239,036,009
89$301,697,466$4,952,535$0$263,220,875
90$332,295,784$5,020,385$0$289,866,913
91$366,009,622$5,086,052$0$319,225,006
92$403,156,592$5,149,257$0$351,571,629
93$444,086,694$5,209,700$0$387,211,449
94$489,185,621$5,267,060$0$426,480,208
95$538,878,406$5,320,997$0$469,747,888
96$593,633,423$5,371,146$0$517,422,208
97$653,966,819$5,417,119$0$569,952,467
98$720,447,379$5,458,502$0$627,833,793
99$793,701,899$5,494,856$0$691,611,808
100$874,421,099$5,525,711$0$761,887,788