Can I retire at age 30 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$105,701$104,760$103,841$102,944$102,069$100,461
2 years$52,327$51,353$50,408$49,493$48,604$46,988
3 years$34,538$33,560$32,618$31,710$30,837$29,263
4 years$25,646$24,670$23,737$22,846$21,993$20,474
5 years$20,311$19,341$18,421$17,548$16,719$15,258
6 years$16,756$15,794$14,887$14,033$13,229$11,829
7 years$14,218$13,264$12,371$11,537$10,759$9,420
8 years$12,315$11,369$10,492$9,678$8,925$7,648
9 years$10,836$9,899$9,036$8,244$7,516$6,299
10 years$9,653$8,726$7,878$7,106$6,404$5,246
11 years$8,686$7,768$6,936$6,185$5,508$4,408
12 years$7,881$6,972$6,155$5,425$4,773$3,729
13 years$7,200$6,301$5,499$4,789$4,162$3,174
14 years$6,617$5,727$4,941$4,251$3,649$2,713
15 years$6,112$5,232$4,461$3,791$3,212$2,329
16 years$5,671$4,800$4,045$3,395$2,839$2,006
17 years$5,282$4,421$3,681$3,050$2,517$1,732
18 years$4,936$4,085$3,360$2,749$2,238$1,499
19 years$4,628$3,786$3,076$2,484$1,995$1,301
20 years$4,350$3,518$2,823$2,250$1,782$1,130
21 years$4,100$3,277$2,596$2,042$1,595$983
22 years$3,872$3,059$2,393$1,856$1,429$857
23 years$3,664$2,861$2,210$1,691$1,283$747
24 years$3,475$2,680$2,043$1,542$1,153$652
25 years$3,300$2,515$1,893$1,408$1,038$570
26 years$3,139$2,364$1,755$1,288$935$498
27 years$2,991$2,225$1,630$1,179$843$436
28 years$2,853$2,097$1,515$1,080$761$382
29 years$2,725$1,978$1,410$990$687$334
30 years$2,606$1,868$1,313$909$621$293
31 years$2,494$1,766$1,225$835$561$257
32 years$2,390$1,671$1,142$767$507$225
33 years$2,292$1,582$1,067$705$459$197
34 years$2,201$1,500$997$649$416$173
35 years$2,114$1,422$932$597$377$152
36 years$2,033$1,350$872$550$341$133
37 years$1,956$1,282$816$507$309$117
38 years$1,884$1,219$764$467$280$103
39 years$1,815$1,159$716$431$254$90
40 years$1,750$1,102$671$397$231$79
41 years$1,688$1,049$629$367$209$70
42 years$1,630$999$590$338$190$61
43 years$1,574$952$554$312$172$54
44 years$1,521$908$520$288$156$47
45 years$1,470$866$488$266$142$41
46 years$1,422$826$458$246$129$36
47 years$1,376$788$431$227$117$32
48 years$1,332$752$405$210$106$28
49 years$1,290$718$380$194$97$25
50 years$1,250$686$358$179$88$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,280,000, adding $2,505 every year, while hoping to spend $24,893 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: 74/10/16 Blend
29$1,280,000$1,280,000$1,280,000$1,280,000
30$1,413,144$1,345,304$1,325,464$1,512,470
31$1,530,799$1,384,738$1,343,381$1,618,007
32$1,659,620$1,425,270$1,361,064$1,730,306
33$1,800,720$1,466,927$1,378,479$1,852,693
34$1,955,325$1,509,738$1,395,589$1,986,167
35$2,124,784$1,553,731$1,412,357$2,131,824
36$2,310,583$1,598,935$1,428,743$2,290,871
37$2,514,360$1,645,380$1,444,702$2,464,642
38$2,737,917$1,693,096$1,460,192$2,654,601
39$2,983,240$1,742,113$1,475,164$2,862,363
40$3,252,516$1,792,462$1,489,568$3,089,708
41$3,548,156$1,844,176$1,503,352$3,338,596
42$3,872,814$1,897,287$1,516,460$3,611,184
43$4,229,413$1,951,826$1,528,834$3,909,851
44$4,621,175$2,007,827$1,540,411$4,237,218
45$5,051,648$2,065,324$1,551,128$4,596,170
46$5,524,741$2,124,349$1,560,916$4,989,889
47$6,044,761$2,184,939$1,569,703$5,421,878
48$6,616,453$2,247,127$1,577,414$5,895,997
49$7,245,043$2,310,949$1,583,970$6,416,501
50$7,936,293$2,376,441$1,589,288$6,988,075
51$8,696,545$2,443,637$1,593,280$7,615,883
52$9,532,792$2,512,574$1,595,854$8,305,616
53$10,452,736$2,583,290$1,596,914$9,063,543
54$11,464,863$2,655,819$1,596,359$9,896,571
55$12,578,525$2,730,200$1,594,083$10,812,312
56$13,804,024$2,806,470$1,589,975$11,819,154
57$15,152,713$2,884,665$1,583,917$12,926,338
58$16,637,099$2,964,823$1,575,787$14,144,050
59$18,270,965$3,046,981$1,565,458$15,483,511
60$20,069,497$3,131,176$1,552,794$16,957,086
61$22,049,428$3,217,447$1,537,656$18,578,403
62$24,229,198$3,305,829$1,519,895$20,362,477
63$26,629,121$3,396,360$1,499,356$22,325,854
64$29,271,586$3,489,076$1,475,879$24,486,768
65$32,181,260$3,584,013$1,449,294$26,865,311
66$35,385,326$3,681,208$1,419,423$29,483,624
67$38,913,737$3,780,695$1,386,081$32,366,107
68$42,799,498$3,882,508$1,349,074$35,539,647
69$47,078,978$3,986,682$1,308,199$39,033,871
70$51,792,253$4,093,249$1,263,244$42,881,431
71$56,983,487$4,202,242$1,213,986$47,118,305
72$62,701,341$4,313,690$1,160,193$51,784,144
73$68,999,441$4,427,624$1,101,623$56,922,640
74$75,936,877$4,544,072$1,038,021$62,581,942
75$83,578,767$4,663,059$969,122$68,815,111
76$91,996,863$4,784,611$894,650$75,680,616
77$101,270,237$4,908,751$814,315$83,242,894
78$111,486,020$5,035,499$727,813$91,572,950
79$122,740,229$5,164,873$634,830$100,749,036
80$135,138,670$5,296,890$535,035$110,857,380
81$148,797,939$5,431,562$428,083$121,993,009
82$163,846,520$5,568,899$313,615$134,260,641
83$180,425,998$5,708,909$191,254$147,775,676
84$198,692,398$5,851,593$60,609$162,665,282
85$218,817,654$5,996,952$0$179,069,603
86$240,991,233$6,144,981$0$197,156,528
87$265,421,923$6,295,669$0$217,094,709
88$292,339,805$6,449,003$0$239,061,412
89$321,998,424$6,604,964$0$263,263,393
90$354,677,182$6,763,525$0$289,928,498
91$390,683,972$6,924,655$0$319,307,804
92$430,358,091$7,088,317$0$351,677,995
93$474,073,437$7,254,465$0$387,343,974
94$522,242,041$7,423,048$0$426,641,737
95$575,317,956$7,594,004$0$469,941,549
96$633,801,542$7,767,265$0$517,651,435
97$698,244,190$7,942,751$0$570,221,036
98$769,253,527$8,120,376$0$628,145,849
99$847,499,153$8,300,040$0$691,971,907
100$933,718,957$8,481,633$0$762,300,935