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%18.7%
1 years$104,050$103,123$102,219$101,336$100,474$96,948
2 years$51,510$50,550$49,621$48,719$47,845$44,329
3 years$33,999$33,035$32,108$31,215$30,355$26,960
4 years$25,245$24,284$23,366$22,489$21,649$18,402
5 years$19,994$19,039$18,133$17,273$16,457$13,365
6 years$16,495$15,547$14,654$13,814$13,022$10,088
7 years$13,996$13,056$12,178$11,357$10,591$7,814
8 years$12,123$11,192$10,328$9,527$8,786$6,164
9 years$10,667$9,744$8,895$8,115$7,399$4,929
10 years$9,502$8,589$7,755$6,995$6,304$3,982
11 years$8,551$7,646$6,827$6,088$5,422$3,243
12 years$7,758$6,863$6,059$5,340$4,699$2,657
13 years$7,088$6,202$5,414$4,714$4,097$2,188
14 years$6,514$5,638$4,864$4,185$3,592$1,809
15 years$6,017$5,150$4,392$3,732$3,162$1,500
16 years$5,582$4,725$3,982$3,342$2,795$1,248
17 years$5,199$4,352$3,623$3,003$2,478$1,040
18 years$4,859$4,021$3,307$2,706$2,203$868
19 years$4,555$3,727$3,028$2,445$1,964$726
20 years$4,282$3,463$2,779$2,214$1,754$608
21 years$4,036$3,226$2,556$2,010$1,570$509
22 years$3,811$3,011$2,356$1,827$1,407$427
23 years$3,607$2,816$2,175$1,664$1,263$359
24 years$3,420$2,639$2,012$1,518$1,135$301
25 years$3,248$2,476$1,863$1,386$1,022$253
26 years$3,090$2,327$1,728$1,267$920$213
27 years$2,944$2,190$1,605$1,160$830$179
28 years$2,808$2,064$1,492$1,063$749$150
29 years$2,682$1,947$1,388$975$676$127
30 years$2,565$1,839$1,293$895$611$107
31 years$2,455$1,738$1,205$822$552$90
32 years$2,353$1,645$1,125$755$500$75
33 years$2,256$1,558$1,050$694$452$64
34 years$2,166$1,476$981$639$409$53
35 years$2,081$1,400$917$588$371$45
36 years$2,001$1,329$858$542$336$38
37 years$1,926$1,262$803$499$304$32
38 years$1,854$1,200$752$460$276$27
39 years$1,787$1,141$705$424$250$23
40 years$1,723$1,085$660$391$227$19
41 years$1,662$1,033$619$361$206$16
42 years$1,604$984$581$333$187$14
43 years$1,549$937$545$307$170$11
44 years$1,497$894$512$284$154$10
45 years$1,447$852$480$262$140$8
46 years$1,400$813$451$242$127$7
47 years$1,355$776$424$224$115$6
48 years$1,311$740$398$207$105$5
49 years$1,270$707$374$191$95$4
50 years$1,230$675$352$177$86$3

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 $5,858 every year, while hoping to spend $57,935 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: 56/18/26 Blend
29$1,260,000$1,260,000$1,260,000$1,260,000
30$1,394,563$1,327,783$1,308,253$1,462,414
31$1,475,166$1,331,201$1,290,437$1,513,066
32$1,562,048$1,332,846$1,270,082$1,561,670
33$1,655,790$1,332,569$1,247,043$1,613,426
34$1,757,028$1,330,212$1,221,166$1,668,657
35$1,866,460$1,325,608$1,192,291$1,727,721
36$1,984,857$1,318,580$1,160,250$1,791,014
37$2,113,063$1,308,941$1,124,869$1,858,974
38$2,252,007$1,296,491$1,085,963$1,932,088
39$2,402,710$1,281,017$1,043,342$2,010,896
40$2,566,297$1,262,298$996,804$2,095,995
41$2,744,003$1,240,094$946,141$2,188,046
42$2,937,187$1,214,154$891,132$2,287,782
43$3,147,344$1,184,212$831,549$2,396,014
44$3,376,120$1,149,985$767,153$2,513,640
45$3,625,326$1,111,176$697,694$2,641,654
46$3,896,953$1,067,467$622,911$2,781,156
47$4,193,194$1,018,525$542,530$2,933,363
48$4,516,462$963,995$456,267$3,099,621
49$4,869,414$903,504$363,825$3,281,418
50$5,254,974$836,655$264,893$3,480,401
51$5,676,360$763,030$159,145$3,698,391
52$6,137,117$682,187$46,245$3,937,401
53$6,641,147$593,658$0$4,199,655
54$7,192,747$496,950$0$4,508,210
55$7,796,647$391,540$0$4,860,216
56$8,458,057$276,878$0$5,245,942
57$9,182,716$152,382$0$5,668,818
58$9,976,940$17,436$0$6,132,625
59$10,847,689$0$0$6,641,535
60$11,802,627$0$0$7,225,621
61$12,850,196$0$0$7,870,269
62$13,999,694$0$0$8,577,762
63$15,261,361$0$0$9,354,418
64$16,646,481$0$0$10,207,197
65$18,167,479$0$0$11,143,767
66$19,838,045$0$0$12,172,572
67$21,673,260$0$0$13,302,919
68$23,689,736$0$0$14,545,056
69$25,905,775$0$0$15,910,276
70$28,341,541$0$0$17,411,020
71$31,019,246$0$0$19,060,993
72$33,963,364$0$0$20,875,296
73$37,200,856$0$0$22,870,566
74$40,761,429$0$0$25,065,132
75$44,677,812$0$0$27,479,189
76$48,986,066$0$0$30,134,989
77$53,725,922$0$0$33,057,047
78$58,941,157$0$0$36,272,377
79$64,680,004$0$0$39,810,740
80$70,995,609$0$0$43,704,932
81$77,946,531$0$0$47,991,087
82$85,597,292$0$0$52,709,019
83$94,018,987$0$0$57,902,600
84$103,289,955$0$0$63,620,170
85$113,496,513$0$0$69,914,994
86$124,733,777$0$0$76,845,766
87$137,106,551$0$0$84,477,159
88$150,730,321$0$0$92,880,438
89$165,732,340$0$0$102,134,129
90$182,252,833$0$0$112,324,763
91$200,446,313$0$0$123,547,690
92$220,483,045$0$0$135,907,978
93$242,550,646$0$0$149,521,406
94$266,855,861$0$0$164,515,554
95$293,626,506$0$0$181,031,009
96$323,113,624$0$0$199,222,688
97$355,593,850$0$0$219,261,304
98$391,372,023$0$0$241,334,973
99$430,784,059$0$0$265,650,990
100$474,200,123$0$0$292,437,785