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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$104,050$103,123$102,219$101,336$100,474$99,301
2 years$51,510$50,550$49,621$48,719$47,845$46,664
3 years$33,999$33,035$32,108$31,215$30,355$29,203
4 years$25,245$24,284$23,366$22,489$21,649$20,535
5 years$19,994$19,039$18,133$17,273$16,457$15,385
6 years$16,495$15,547$14,654$13,814$13,022$11,992
7 years$13,996$13,056$12,178$11,357$10,591$9,603
8 years$12,123$11,192$10,328$9,527$8,786$7,841
9 years$10,667$9,744$8,895$8,115$7,399$6,496
10 years$9,502$8,589$7,755$6,995$6,304$5,444
11 years$8,551$7,646$6,827$6,088$5,422$4,602
12 years$7,758$6,863$6,059$5,340$4,699$3,919
13 years$7,088$6,202$5,414$4,714$4,097$3,357
14 years$6,514$5,638$4,864$4,185$3,592$2,889
15 years$6,017$5,150$4,392$3,732$3,162$2,497
16 years$5,582$4,725$3,982$3,342$2,795$2,165
17 years$5,199$4,352$3,623$3,003$2,478$1,883
18 years$4,859$4,021$3,307$2,706$2,203$1,642
19 years$4,555$3,727$3,028$2,445$1,964$1,435
20 years$4,282$3,463$2,779$2,214$1,754$1,256
21 years$4,036$3,226$2,556$2,010$1,570$1,101
22 years$3,811$3,011$2,356$1,827$1,407$966
23 years$3,607$2,816$2,175$1,664$1,263$849
24 years$3,420$2,639$2,012$1,518$1,135$747
25 years$3,248$2,476$1,863$1,386$1,022$658
26 years$3,090$2,327$1,728$1,267$920$580
27 years$2,944$2,190$1,605$1,160$830$512
28 years$2,808$2,064$1,492$1,063$749$452
29 years$2,682$1,947$1,388$975$676$399
30 years$2,565$1,839$1,293$895$611$352
31 years$2,455$1,738$1,205$822$552$311
32 years$2,353$1,645$1,125$755$500$275
33 years$2,256$1,558$1,050$694$452$243
34 years$2,166$1,476$981$639$409$215
35 years$2,081$1,400$917$588$371$190
36 years$2,001$1,329$858$542$336$169
37 years$1,926$1,262$803$499$304$149
38 years$1,854$1,200$752$460$276$132
39 years$1,787$1,141$705$424$250$117
40 years$1,723$1,085$660$391$227$104
41 years$1,662$1,033$619$361$206$92
42 years$1,604$984$581$333$187$81
43 years$1,549$937$545$307$170$72
44 years$1,497$894$512$284$154$64
45 years$1,447$852$480$262$140$57
46 years$1,400$813$451$242$127$50
47 years$1,355$776$424$224$115$44
48 years$1,311$740$398$207$105$39
49 years$1,270$707$374$191$95$35
50 years$1,230$675$352$177$86$31

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 $5,899 every year, while hoping to spend $59,927 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: 47/38/15 Blend
29$1,260,000$1,260,000$1,260,000$1,260,000
30$1,394,605$1,327,825$1,308,295$1,454,002
31$1,473,093$1,329,126$1,288,361$1,497,082
32$1,557,578$1,328,483$1,265,751$1,537,223
33$1,648,609$1,325,737$1,240,311$1,579,481
34$1,746,787$1,320,719$1,211,882$1,624,077
35$1,852,776$1,313,250$1,180,297$1,671,258
36$1,967,302$1,303,142$1,145,380$1,721,296
37$2,091,164$1,290,194$1,106,947$1,774,497
38$2,225,241$1,274,191$1,064,808$1,831,202
39$2,370,498$1,254,909$1,018,761$1,891,791
40$2,527,997$1,232,108$968,598$1,956,685
41$2,698,906$1,205,535$914,100$2,026,354
42$2,884,509$1,174,920$855,036$2,101,322
43$3,086,219$1,139,981$791,170$2,182,169
44$3,305,588$1,100,415$722,249$2,269,541
45$3,544,328$1,055,905$648,014$2,364,158
46$3,804,318$1,006,113$568,191$2,466,817
47$4,087,629$950,683$482,496$2,578,404
48$4,396,539$889,238$390,631$2,699,902
49$4,733,554$821,379$292,286$2,832,404
50$5,101,435$746,686$187,136$2,977,120
51$5,503,220$664,711$74,843$3,135,395
52$5,942,251$574,985$0$3,308,717
53$6,422,212$477,011$0$3,505,941
54$6,947,155$370,261$0$3,734,945
55$7,521,543$254,182$0$3,985,831
56$8,150,291$128,188$0$4,260,907
57$8,838,810$0$0$4,562,732
58$9,593,059$0$0$4,897,617
59$10,419,601$0$0$5,323,479
60$11,325,664$0$0$5,790,459
61$12,319,209$0$0$6,302,675
62$13,409,003$0$0$6,864,668
63$14,604,702$0$0$7,481,436
64$15,916,944$0$0$8,158,486
65$17,357,445$0$0$8,901,885
66$18,939,112$0$0$9,718,315
67$20,676,163$0$0$10,615,136
68$22,584,258$0$0$11,600,457
69$24,680,651$0$0$12,683,213
70$26,984,350$0$0$13,873,244
71$29,516,293$0$0$15,181,394
72$32,299,550$0$0$16,619,606
73$35,359,536$0$0$18,201,042
74$38,724,252$0$0$19,940,201
75$42,424,547$0$0$21,853,058
76$46,494,411$0$0$23,957,213
77$50,971,291$0$0$26,272,060
78$55,896,448$0$0$28,818,963
79$61,315,343$0$0$31,621,466
80$67,278,065$0$0$34,705,508
81$73,839,805$0$0$38,099,670
82$81,061,372$0$0$41,835,444
83$89,009,771$0$0$45,947,529
84$97,758,831$0$0$50,474,160
85$107,389,902$0$0$55,457,467
86$117,992,623$0$0$60,943,872
87$129,665,762$0$0$66,984,527
88$142,518,156$0$0$73,635,797
89$156,669,728$0$0$80,959,791
90$172,252,624$0$0$89,024,945
91$189,412,456$0$0$97,906,674
92$208,309,679$0$0$107,688,077
93$229,121,098$0$0$118,460,723
94$252,041,544$0$0$130,325,515
95$277,285,702$0$0$143,393,643
96$305,090,146$0$0$157,787,629
97$335,715,565$0$0$173,642,490
98$369,449,222$0$0$191,107,002
99$406,607,668$0$0$210,345,114
100$447,539,727$0$0$231,537,487