Can I retire at age 30 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$104,875$103,941$103,030$102,140$101,272$100,006
2 years$51,919$50,952$50,014$49,106$48,225$46,951
3 years$34,269$33,297$32,363$31,463$30,596$29,354
4 years$25,445$24,477$23,552$22,667$21,821$20,621
5 years$20,153$19,190$18,277$17,410$16,588$15,432
6 years$16,625$15,670$14,771$13,923$13,126$12,016
7 years$14,107$13,160$12,274$11,447$10,675$9,612
8 years$12,219$11,281$10,410$9,603$8,856$7,839
9 years$10,751$9,822$8,966$8,179$7,458$6,487
10 years$9,578$8,657$7,817$7,051$6,354$5,429
11 years$8,618$7,707$6,882$6,136$5,465$4,584
12 years$7,819$6,918$6,107$5,382$4,736$3,899
13 years$7,144$6,251$5,456$4,752$4,130$3,335
14 years$6,565$5,682$4,903$4,218$3,620$2,867
15 years$6,064$5,191$4,426$3,762$3,187$2,474
16 years$5,627$4,763$4,013$3,368$2,817$2,143
17 years$5,241$4,386$3,652$3,026$2,498$1,861
18 years$4,898$4,053$3,334$2,727$2,221$1,620
19 years$4,592$3,756$3,052$2,464$1,980$1,414
20 years$4,316$3,491$2,801$2,232$1,768$1,235
21 years$4,068$3,251$2,576$2,026$1,582$1,081
22 years$3,842$3,035$2,374$1,842$1,418$948
23 years$3,636$2,839$2,192$1,677$1,273$832
24 years$3,447$2,660$2,028$1,530$1,144$731
25 years$3,274$2,496$1,878$1,397$1,030$643
26 years$3,115$2,346$1,742$1,277$928$565
27 years$2,967$2,208$1,617$1,169$836$498
28 years$2,831$2,080$1,503$1,071$755$439
29 years$2,704$1,962$1,399$982$681$387
30 years$2,585$1,853$1,303$902$616$341
31 years$2,475$1,752$1,215$828$557$301
32 years$2,371$1,658$1,134$761$503$266
33 years$2,274$1,570$1,058$700$456$235
34 years$2,183$1,488$989$644$413$207
35 years$2,098$1,411$925$593$374$183
36 years$2,017$1,339$865$546$339$162
37 years$1,941$1,272$810$503$307$143
38 years$1,869$1,209$758$464$278$126
39 years$1,801$1,150$710$427$252$112
40 years$1,736$1,094$666$394$229$99
41 years$1,675$1,041$624$364$208$87
42 years$1,617$992$586$336$188$77
43 years$1,562$945$549$310$171$68
44 years$1,509$901$516$286$155$60
45 years$1,459$859$484$264$141$53
46 years$1,411$819$455$244$128$47
47 years$1,365$782$427$226$116$42
48 years$1,322$746$402$208$105$37
49 years$1,280$713$377$193$96$33
50 years$1,240$681$355$178$87$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,270,000, adding $2,940 every year, while hoping to spend $24,056 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: 38/50/12 Blend
29$1,270,000$1,270,000$1,270,000$1,270,000
30$1,402,573$1,335,263$1,315,578$1,450,640
31$1,520,040$1,375,095$1,334,054$1,524,941
32$1,648,682$1,416,073$1,352,343$1,602,626
33$1,789,614$1,458,227$1,370,413$1,686,050
34$1,944,064$1,501,589$1,388,231$1,775,738
35$2,113,382$1,546,191$1,405,761$1,872,269
36$2,299,058$1,592,066$1,422,965$1,976,279
37$2,502,732$1,639,247$1,439,804$2,088,468
38$2,726,209$1,687,768$1,456,236$2,209,604
39$2,971,480$1,737,666$1,472,217$2,340,534
40$3,240,734$1,788,975$1,487,700$2,482,188
41$3,536,387$1,841,733$1,502,635$2,635,591
42$3,861,096$1,895,976$1,516,972$2,801,869
43$4,217,792$1,951,743$1,530,655$2,982,262
44$4,609,702$2,009,073$1,543,626$3,178,135
45$5,040,379$2,068,005$1,555,825$3,390,990
46$5,513,741$2,128,580$1,567,189$3,622,479
47$6,034,102$2,190,840$1,577,649$3,874,425
48$6,606,215$2,254,826$1,587,135$4,148,829
49$7,235,318$2,320,582$1,595,573$4,447,900
50$7,927,181$2,388,150$1,602,885$4,774,065
51$8,688,160$2,457,576$1,608,988$5,130,001
52$9,525,259$2,528,905$1,613,797$5,518,654
53$10,446,197$2,602,182$1,617,220$5,943,269
54$11,459,475$2,677,455$1,619,163$6,407,418
55$12,574,462$2,754,771$1,619,525$6,915,038
56$13,801,480$2,834,178$1,618,202$7,470,463
57$15,151,904$2,915,726$1,615,085$8,078,469
58$16,638,265$2,999,463$1,610,057$8,744,316
59$18,274,372$3,085,441$1,602,998$9,473,797
60$20,075,441$3,173,710$1,593,781$10,273,296
61$22,058,237$3,264,323$1,582,274$11,149,844
62$24,241,233$3,357,331$1,568,337$12,111,188
63$26,644,787$3,452,788$1,551,824$13,165,861
64$29,291,328$3,550,748$1,532,582$14,323,267
65$32,205,572$3,651,263$1,510,453$15,593,763
66$35,414,755$3,754,390$1,485,268$16,988,762
67$38,948,888$3,860,182$1,456,852$18,520,840
68$42,841,040$3,968,696$1,425,021$20,203,851
69$47,127,651$4,079,987$1,389,585$22,053,061
70$51,848,876$4,194,112$1,350,341$24,085,289
71$57,048,964$4,311,126$1,307,080$26,319,068
72$62,776,673$4,431,086$1,259,581$28,774,819
73$69,085,733$4,554,048$1,207,617$31,475,044
74$76,035,351$4,680,070$1,150,945$34,444,535
75$83,690,770$4,809,207$1,089,316$37,710,614
76$92,123,887$4,941,516$1,022,466$41,303,383
77$101,413,926$5,077,053$950,121$45,256,016
78$111,648,191$5,215,873$871,995$49,605,065
79$122,922,888$5,358,032$787,788$54,390,809
80$135,344,031$5,503,584$697,187$59,657,633
81$149,028,445$5,652,583$599,866$65,454,446
82$164,104,869$5,805,082$495,484$71,835,145
83$180,715,166$5,961,132$383,683$78,859,120
84$199,015,670$6,120,784$264,093$86,591,816
85$219,178,652$6,284,086$136,324$95,105,354
86$241,393,956$6,451,088$0$104,479,206
87$265,870,781$6,621,833$0$114,800,952
88$292,839,664$6,796,366$0$126,185,724
89$322,554,650$6,974,728$0$138,722,455
90$355,295,693$7,156,958$0$152,528,397
91$391,371,297$7,343,092$0$167,732,759
92$431,121,429$7,533,164$0$184,477,923
93$474,920,727$7,727,201$0$202,920,787
94$523,182,039$7,925,232$0$223,234,248
95$576,360,316$8,127,277$0$245,608,832
96$634,956,909$8,333,354$0$270,254,496
97$699,524,301$8,543,476$0$297,402,603
98$770,671,323$8,757,650$0$327,308,110
99$849,068,901$8,975,878$0$360,251,975
100$935,456,389$9,198,156$0$396,543,807