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%19.6%
1 years$104,050$103,123$102,219$101,336$100,474$96,602
2 years$51,510$50,550$49,621$48,719$47,845$43,990
3 years$33,999$33,035$32,108$31,215$30,355$26,638
4 years$25,245$24,284$23,366$22,489$21,649$18,100
5 years$19,994$19,039$18,133$17,273$16,457$13,084
6 years$16,495$15,547$14,654$13,814$13,022$9,827
7 years$13,996$13,056$12,178$11,357$10,591$7,572
8 years$12,123$11,192$10,328$9,527$8,786$5,942
9 years$10,667$9,744$8,895$8,115$7,399$4,725
10 years$9,502$8,589$7,755$6,995$6,304$3,796
11 years$8,551$7,646$6,827$6,088$5,422$3,073
12 years$7,758$6,863$6,059$5,340$4,699$2,503
13 years$7,088$6,202$5,414$4,714$4,097$2,048
14 years$6,514$5,638$4,864$4,185$3,592$1,683
15 years$6,017$5,150$4,392$3,732$3,162$1,387
16 years$5,582$4,725$3,982$3,342$2,795$1,146
17 years$5,199$4,352$3,623$3,003$2,478$949
18 years$4,859$4,021$3,307$2,706$2,203$787
19 years$4,555$3,727$3,028$2,445$1,964$653
20 years$4,282$3,463$2,779$2,214$1,754$543
21 years$4,036$3,226$2,556$2,010$1,570$452
22 years$3,811$3,011$2,356$1,827$1,407$376
23 years$3,607$2,816$2,175$1,664$1,263$314
24 years$3,420$2,639$2,012$1,518$1,135$262
25 years$3,248$2,476$1,863$1,386$1,022$218
26 years$3,090$2,327$1,728$1,267$920$182
27 years$2,944$2,190$1,605$1,160$830$152
28 years$2,808$2,064$1,492$1,063$749$127
29 years$2,682$1,947$1,388$975$676$106
30 years$2,565$1,839$1,293$895$611$89
31 years$2,455$1,738$1,205$822$552$74
32 years$2,353$1,645$1,125$755$500$62
33 years$2,256$1,558$1,050$694$452$52
34 years$2,166$1,476$981$639$409$43
35 years$2,081$1,400$917$588$371$36
36 years$2,001$1,329$858$542$336$30
37 years$1,926$1,262$803$499$304$25
38 years$1,854$1,200$752$460$276$21
39 years$1,787$1,141$705$424$250$18
40 years$1,723$1,085$660$391$227$15
41 years$1,662$1,033$619$361$206$12
42 years$1,604$984$581$333$187$10
43 years$1,549$937$545$307$170$9
44 years$1,497$894$512$284$154$7
45 years$1,447$852$480$262$140$6
46 years$1,400$813$451$242$127$5
47 years$1,355$776$424$224$115$4
48 years$1,311$740$398$207$105$4
49 years$1,270$707$374$191$95$3
50 years$1,230$675$352$177$86$2

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 $2,159 every year, while hoping to spend $36,807 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: 44/38/18 Blend
29$1,260,000$1,260,000$1,260,000$1,260,000
30$1,390,747$1,323,967$1,304,437$1,444,615
31$1,493,441$1,349,679$1,308,973$1,508,380
32$1,605,376$1,375,417$1,312,428$1,573,643
33$1,727,456$1,401,144$1,314,726$1,643,609
34$1,860,675$1,426,819$1,315,788$1,718,727
35$2,006,129$1,452,399$1,315,532$1,799,498
36$2,165,023$1,477,835$1,313,871$1,886,470
37$2,338,683$1,503,077$1,310,714$1,980,249
38$2,528,571$1,528,069$1,305,965$2,081,504
39$2,736,295$1,552,754$1,299,524$2,190,974
40$2,963,625$1,577,068$1,291,286$2,309,471
41$3,212,512$1,600,941$1,281,142$2,437,894
42$3,485,104$1,624,303$1,268,975$2,577,234
43$3,783,765$1,647,074$1,254,666$2,728,585
44$4,111,099$1,669,171$1,238,088$2,893,151
45$4,469,975$1,690,504$1,219,108$3,072,265
46$4,863,553$1,710,979$1,197,588$3,267,393
47$5,295,310$1,730,492$1,173,383$3,480,156
48$5,769,081$1,748,936$1,146,340$3,712,340
49$6,289,087$1,766,193$1,116,302$3,965,917
50$6,859,977$1,782,140$1,083,101$4,243,060
51$7,486,874$1,796,644$1,046,565$4,546,169
52$8,175,421$1,809,565$1,006,510$4,877,891
53$8,931,834$1,820,754$962,748$5,241,144
54$9,762,960$1,830,049$915,079$5,639,147
55$10,676,343$1,837,283$863,296$6,075,454
56$11,680,295$1,842,275$807,181$6,553,981
57$12,783,971$1,844,832$746,507$7,079,050
58$13,997,459$1,844,752$681,038$7,655,427
59$15,331,872$1,841,818$610,526$8,288,369
60$16,799,456$1,835,800$534,712$8,983,673
61$18,413,702$1,826,455$453,325$9,747,734
62$20,189,472$1,813,524$366,085$10,587,603
63$22,143,145$1,796,733$272,695$11,511,057
64$24,292,764$1,775,791$172,848$12,526,674
65$26,658,211$1,750,391$66,224$13,643,910
66$29,261,393$1,720,204$0$14,873,196
67$32,126,447$1,684,886$0$16,235,166
68$35,279,969$1,644,069$0$17,747,537
69$38,751,263$1,597,366$0$19,411,629
70$42,572,621$1,544,366$0$21,242,935
71$46,779,622$1,484,634$0$23,258,533
72$51,411,472$1,417,710$0$25,477,250
73$56,511,371$1,343,107$0$27,919,839
74$62,126,922$1,260,310$0$30,609,173
75$68,310,577$1,168,774$0$33,570,471
76$75,120,137$1,067,925$0$36,831,528
77$82,619,291$957,154$0$40,422,981
78$90,878,222$835,817$0$44,378,606
79$99,974,263$703,235$0$48,735,627
80$109,992,635$558,690$0$53,535,080
81$121,027,241$401,424$0$58,822,193
82$133,181,562$230,635$0$64,646,823
83$146,569,623$45,479$0$71,063,920
84$161,317,079$0$0$78,134,055
85$177,562,392$0$0$85,988,777
86$195,458,142$0$0$94,662,677
87$215,172,466$0$0$104,218,260
88$236,890,646$0$0$114,745,362
89$260,816,854$0$0$126,342,979
90$287,176,082$0$0$139,120,202
91$316,216,261$0$0$153,197,243
92$348,210,608$0$0$168,706,577
93$383,460,197$0$0$185,794,183
94$422,296,805$0$0$204,620,931
95$465,086,043$0$0$225,364,093
96$512,230,805$0$0$248,219,020
97$564,175,071$0$0$273,400,985
98$621,408,099$0$0$301,147,214
99$684,469,041$0$0$331,719,128
100$753,952,036$0$0$365,404,806