Can I retire at age 30 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$104,050$103,123$102,219$101,336$100,474$98,567
2 years$51,510$50,550$49,621$48,719$47,845$45,930
3 years$33,999$33,035$32,108$31,215$30,355$28,493
4 years$25,245$24,284$23,366$22,489$21,649$19,855
5 years$19,994$19,039$18,133$17,273$16,457$14,735
6 years$16,495$15,547$14,654$13,814$13,022$11,374
7 years$13,996$13,056$12,178$11,357$10,591$9,017
8 years$12,123$11,192$10,328$9,527$8,786$7,287
9 years$10,667$9,744$8,895$8,115$7,399$5,973
10 years$9,502$8,589$7,755$6,995$6,304$4,950
11 years$8,551$7,646$6,827$6,088$5,422$4,138
12 years$7,758$6,863$6,059$5,340$4,699$3,483
13 years$7,088$6,202$5,414$4,714$4,097$2,949
14 years$6,514$5,638$4,864$4,185$3,592$2,508
15 years$6,017$5,150$4,392$3,732$3,162$2,141
16 years$5,582$4,725$3,982$3,342$2,795$1,833
17 years$5,199$4,352$3,623$3,003$2,478$1,574
18 years$4,859$4,021$3,307$2,706$2,203$1,355
19 years$4,555$3,727$3,028$2,445$1,964$1,168
20 years$4,282$3,463$2,779$2,214$1,754$1,009
21 years$4,036$3,226$2,556$2,010$1,570$873
22 years$3,811$3,011$2,356$1,827$1,407$756
23 years$3,607$2,816$2,175$1,664$1,263$655
24 years$3,420$2,639$2,012$1,518$1,135$568
25 years$3,248$2,476$1,863$1,386$1,022$493
26 years$3,090$2,327$1,728$1,267$920$429
27 years$2,944$2,190$1,605$1,160$830$373
28 years$2,808$2,064$1,492$1,063$749$324
29 years$2,682$1,947$1,388$975$676$282
30 years$2,565$1,839$1,293$895$611$245
31 years$2,455$1,738$1,205$822$552$214
32 years$2,353$1,645$1,125$755$500$186
33 years$2,256$1,558$1,050$694$452$162
34 years$2,166$1,476$981$639$409$141
35 years$2,081$1,400$917$588$371$123
36 years$2,001$1,329$858$542$336$107
37 years$1,926$1,262$803$499$304$94
38 years$1,854$1,200$752$460$276$82
39 years$1,787$1,141$705$424$250$71
40 years$1,723$1,085$660$391$227$62
41 years$1,662$1,033$619$361$206$54
42 years$1,604$984$581$333$187$47
43 years$1,549$937$545$307$170$41
44 years$1,497$894$512$284$154$36
45 years$1,447$852$480$262$140$31
46 years$1,400$813$451$242$127$27
47 years$1,355$776$424$224$115$24
48 years$1,311$740$398$207$105$21
49 years$1,270$707$374$191$95$18
50 years$1,230$675$352$177$86$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,260,000, adding $2,325 every year, while hoping to spend $28,359 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: 58/19/23 Blend
29$1,260,000$1,260,000$1,260,000$1,260,000
30$1,390,918$1,324,138$1,304,608$1,462,863
31$1,502,618$1,358,847$1,318,139$1,546,872
32$1,624,761$1,394,307$1,331,172$1,635,179
33$1,758,382$1,430,523$1,343,662$1,730,846
34$1,904,621$1,467,503$1,355,559$1,834,591
35$2,064,733$1,505,251$1,366,811$1,947,206
36$2,240,101$1,543,773$1,377,364$2,069,563
37$2,432,246$1,583,073$1,387,161$2,202,620
38$2,642,845$1,623,154$1,396,141$2,347,437
39$2,873,745$1,664,018$1,404,240$2,505,179
40$3,126,978$1,705,666$1,411,394$2,677,129
41$3,404,784$1,748,098$1,417,530$2,864,703
42$3,709,631$1,791,313$1,422,575$3,069,460
43$4,044,235$1,835,309$1,426,453$3,293,118
44$4,411,589$1,880,082$1,429,082$3,537,570
45$4,814,991$1,925,626$1,430,376$3,804,902
46$5,258,073$1,971,934$1,430,247$4,097,413
47$5,744,836$2,018,998$1,428,599$4,417,636
48$6,279,687$2,066,807$1,425,336$4,768,364
49$6,867,483$2,115,349$1,420,352$5,152,673
50$7,513,573$2,164,608$1,413,541$5,573,953
51$8,223,851$2,214,567$1,404,788$6,035,941
52$9,004,810$2,265,207$1,393,974$6,542,756
53$9,863,604$2,316,505$1,380,975$7,098,936
54$10,808,114$2,368,436$1,365,661$7,709,482
55$11,847,024$2,420,972$1,347,893$8,379,907
56$12,989,903$2,474,082$1,327,530$9,116,287
57$14,247,291$2,527,730$1,304,420$9,925,316
58$15,630,804$2,581,879$1,278,408$10,814,373
59$17,153,240$2,636,484$1,249,328$11,791,591
60$18,828,699$2,691,500$1,217,009$12,865,933
61$20,672,718$2,746,876$1,181,271$14,047,276
62$22,702,418$2,802,555$1,141,925$15,346,507
63$24,936,660$2,858,476$1,098,776$16,775,624
64$27,396,232$2,914,574$1,051,617$18,347,850
65$30,104,034$2,970,775$1,000,233$20,077,758
66$33,085,304$3,027,001$944,400$21,981,409
67$36,367,850$3,083,169$883,881$24,076,504
68$39,982,312$3,139,186$818,433$26,382,552
69$43,962,455$3,194,953$747,798$28,921,053
70$48,345,484$3,250,364$671,707$31,715,702
71$53,172,396$3,305,304$589,882$34,792,614
72$58,488,366$3,359,650$502,029$38,180,569
73$64,343,176$3,413,270$407,844$41,911,285
74$70,791,680$3,466,020$307,006$46,019,721
75$77,894,324$3,517,748$199,184$50,544,402
76$85,717,718$3,568,290$84,029$55,527,787
77$94,335,260$3,617,471$0$61,016,668
78$103,827,833$3,665,104$0$67,072,152
79$114,284,566$3,710,988$0$73,764,162
80$125,803,673$3,754,908$0$81,134,789
81$138,493,385$3,796,635$0$89,253,160
82$152,472,967$3,835,927$0$98,195,456
83$167,873,843$3,872,521$0$108,045,627
84$184,840,840$3,906,140$0$118,896,184
85$203,533,553$3,936,488$0$130,849,073
86$224,127,850$3,963,250$0$144,016,638
87$246,817,532$3,986,090$0$158,522,682
88$271,816,164$4,004,652$0$174,503,635
89$299,359,088$4,018,556$0$192,109,842
90$329,705,647$4,027,397$0$211,506,983
91$363,141,631$4,030,748$0$232,877,638
92$399,981,975$4,028,152$0$256,423,008
93$440,573,731$4,019,126$0$282,364,817
94$485,299,344$4,003,156$0$310,947,407
95$534,580,263$3,979,696$0$342,440,040
96$588,880,918$3,948,169$0$377,139,445
97$648,713,104$3,907,962$0$415,372,619
98$714,640,812$3,858,424$0$457,499,911
99$787,285,554$3,798,866$0$503,918,427
100$867,332,229$3,728,558$0$555,065,782