Can I retire at age 30 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$106,527$105,578$104,652$103,749$102,866$102,047
2 years$52,736$51,754$50,802$49,879$48,984$48,158
3 years$34,808$33,822$32,872$31,958$31,077$30,271
4 years$25,846$24,863$23,923$23,024$22,165$21,383
5 years$20,470$19,493$18,565$17,685$16,849$16,095
6 years$16,887$15,917$15,003$14,143$13,332$12,607
7 years$14,329$13,367$12,468$11,627$10,843$10,146
8 years$12,411$11,458$10,574$9,754$8,995$8,327
9 years$10,921$9,976$9,107$8,308$7,575$6,936
10 years$9,729$8,794$7,940$7,162$6,454$5,843
11 years$8,754$7,829$6,990$6,233$5,551$4,968
12 years$7,943$7,026$6,203$5,467$4,810$4,254
13 years$7,256$6,350$5,542$4,827$4,195$3,665
14 years$6,669$5,772$4,980$4,284$3,677$3,174
15 years$6,160$5,273$4,496$3,821$3,238$2,759
16 years$5,715$4,838$4,076$3,421$2,861$2,408
17 years$5,323$4,455$3,709$3,074$2,537$2,107
18 years$4,975$4,117$3,386$2,770$2,256$1,849
19 years$4,664$3,815$3,100$2,503$2,011$1,626
20 years$4,384$3,545$2,845$2,267$1,796$1,433
21 years$4,132$3,302$2,617$2,058$1,607$1,265
22 years$3,902$3,083$2,412$1,871$1,441$1,118
23 years$3,693$2,883$2,227$1,704$1,293$989
24 years$3,502$2,701$2,059$1,554$1,162$876
25 years$3,326$2,535$1,907$1,419$1,046$777
26 years$3,164$2,383$1,769$1,298$942$690
27 years$3,014$2,242$1,643$1,188$849$613
28 years$2,875$2,113$1,527$1,088$766$545
29 years$2,746$1,993$1,421$998$692$484
30 years$2,626$1,882$1,324$916$625$431
31 years$2,514$1,780$1,234$841$565$384
32 years$2,409$1,684$1,151$773$511$342
33 years$2,310$1,595$1,075$711$463$305
34 years$2,218$1,511$1,004$654$419$271
35 years$2,131$1,433$939$602$380$242
36 years$2,049$1,361$879$555$344$216
37 years$1,971$1,292$822$511$312$193
38 years$1,898$1,228$770$471$283$172
39 years$1,829$1,168$721$434$256$153
40 years$1,764$1,111$676$400$232$137
41 years$1,701$1,058$634$370$211$122
42 years$1,642$1,007$595$341$191$109
43 years$1,586$960$558$315$174$97
44 years$1,533$915$524$291$158$87
45 years$1,482$872$492$268$143$78
46 years$1,433$832$462$248$130$69
47 years$1,387$794$434$229$118$62
48 years$1,342$758$408$212$107$55
49 years$1,300$724$383$196$97$49
50 years$1,259$692$360$181$88$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,290,000, adding $3,623 every year, while hoping to spend $23,710 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: 46/45/9 Blend
29$1,290,000$1,290,000$1,290,000$1,290,000
30$1,425,317$1,356,947$1,336,952$1,487,156
31$1,545,472$1,398,210$1,356,513$1,571,448
32$1,677,088$1,440,701$1,375,934$1,660,088
33$1,821,310$1,484,453$1,395,186$1,755,700
34$1,979,396$1,529,504$1,414,238$1,858,937
35$2,152,736$1,575,891$1,433,056$1,970,516
36$2,342,856$1,623,651$1,451,604$2,091,226
37$2,551,440$1,672,823$1,469,846$2,221,937
38$2,780,343$1,723,447$1,487,742$2,363,603
39$3,031,607$1,775,565$1,505,250$2,517,276
40$3,307,481$1,829,218$1,522,326$2,684,110
41$3,610,443$1,884,449$1,538,923$2,865,379
42$3,943,225$1,941,303$1,554,993$3,062,484
43$4,308,832$1,999,825$1,570,484$3,276,964
44$4,710,578$2,060,062$1,585,341$3,510,517
45$5,152,113$2,122,061$1,599,506$3,765,010
46$5,637,458$2,185,871$1,612,919$4,042,498
47$6,171,043$2,251,543$1,625,515$4,345,246
48$6,757,748$2,319,128$1,637,229$4,675,746
49$7,402,951$2,388,677$1,647,988$5,036,740
50$8,112,576$2,460,246$1,657,720$5,431,252
51$8,893,150$2,533,889$1,666,344$5,862,610
52$9,751,864$2,609,663$1,673,781$6,334,477
53$10,696,644$2,687,626$1,679,942$6,850,889
54$11,736,219$2,767,837$1,684,737$7,416,293
55$12,880,209$2,850,357$1,688,071$8,035,585
56$14,139,213$2,935,247$1,689,844$8,714,157
57$15,524,909$3,022,571$1,689,951$9,457,950
58$17,050,168$3,112,394$1,688,282$10,273,508
59$18,729,166$3,204,783$1,684,721$11,168,039
60$20,577,529$3,299,805$1,679,146$12,149,484
61$22,612,471$3,397,530$1,671,432$13,226,591
62$24,852,962$3,498,028$1,661,444$14,408,997
63$27,319,906$3,601,373$1,649,044$15,707,320
64$30,036,333$3,707,637$1,634,084$17,133,256
65$33,027,625$3,816,897$1,616,412$18,699,693
66$36,321,747$3,929,230$1,595,866$20,420,830
67$39,949,517$4,044,714$1,572,279$22,312,309
68$43,944,893$4,163,430$1,545,476$24,391,366
69$48,345,293$4,285,459$1,515,270$26,676,991
70$53,191,952$4,410,886$1,481,471$29,190,109
71$58,530,307$4,539,795$1,443,876$31,953,774
72$64,410,426$4,672,272$1,402,273$34,993,388
73$70,887,483$4,808,407$1,356,443$38,336,942
74$78,022,276$4,948,289$1,306,154$42,015,275
75$85,881,803$5,092,010$1,251,165$46,062,372
76$94,539,892$5,239,663$1,191,223$50,515,678
77$104,077,896$5,391,342$1,126,065$55,416,454
78$114,585,468$5,547,144$1,055,414$60,810,166
79$126,161,398$5,707,167$978,983$66,746,911
80$138,914,552$5,871,509$896,471$73,281,896
81$152,964,895$6,040,272$807,561$80,475,953
82$168,444,627$6,213,558$711,927$88,396,112
83$185,499,427$6,391,470$609,224$97,116,240
84$204,289,830$6,574,113$499,094$106,717,731
85$224,992,741$6,761,594$381,163$117,290,278
86$247,803,109$6,954,020$255,040$128,932,718
87$272,935,759$7,151,500$120,317$141,753,965
88$300,627,426$7,354,143$0$155,874,036
89$331,138,988$7,562,061$0$171,427,441
90$364,757,928$7,775,365$0$188,570,143
91$401,801,047$7,994,168$0$207,451,223
92$442,617,454$8,218,583$0$228,247,704
93$487,591,866$8,448,725$0$251,154,660
94$537,148,231$8,684,708$0$276,387,054
95$591,753,739$8,926,646$0$304,181,767
96$651,923,225$9,174,656$0$334,799,835
97$718,224,032$9,428,853$0$368,528,908
98$791,281,368$9,689,351$0$405,685,971
99$871,784,204$9,956,266$0$446,620,333
100$960,491,782$10,229,712$0$491,716,921