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%14.5%
1 years$106,527$105,578$104,652$103,749$102,866$100,955
2 years$52,736$51,754$50,802$49,879$48,984$47,065
3 years$34,808$33,822$32,872$31,958$31,077$29,211
4 years$25,846$24,863$23,923$23,024$22,165$20,365
5 years$20,470$19,493$18,565$17,685$16,849$15,122
6 years$16,887$15,917$15,003$14,143$13,332$11,679
7 years$14,329$13,367$12,468$11,627$10,843$9,264
8 years$12,411$11,458$10,574$9,754$8,995$7,491
9 years$10,921$9,976$9,107$8,308$7,575$6,144
10 years$9,729$8,794$7,940$7,162$6,454$5,095
11 years$8,754$7,829$6,990$6,233$5,551$4,262
12 years$7,943$7,026$6,203$5,467$4,810$3,590
13 years$7,256$6,350$5,542$4,827$4,195$3,041
14 years$6,669$5,772$4,980$4,284$3,677$2,588
15 years$6,160$5,273$4,496$3,821$3,238$2,210
16 years$5,715$4,838$4,076$3,421$2,861$1,894
17 years$5,323$4,455$3,709$3,074$2,537$1,628
18 years$4,975$4,117$3,386$2,770$2,256$1,402
19 years$4,664$3,815$3,100$2,503$2,011$1,210
20 years$4,384$3,545$2,845$2,267$1,796$1,046
21 years$4,132$3,302$2,617$2,058$1,607$905
22 years$3,902$3,083$2,412$1,871$1,441$784
23 years$3,693$2,883$2,227$1,704$1,293$680
24 years$3,502$2,701$2,059$1,554$1,162$591
25 years$3,326$2,535$1,907$1,419$1,046$513
26 years$3,164$2,383$1,769$1,298$942$446
27 years$3,014$2,242$1,643$1,188$849$388
28 years$2,875$2,113$1,527$1,088$766$338
29 years$2,746$1,993$1,421$998$692$294
30 years$2,626$1,882$1,324$916$625$256
31 years$2,514$1,780$1,234$841$565$223
32 years$2,409$1,684$1,151$773$511$195
33 years$2,310$1,595$1,075$711$463$170
34 years$2,218$1,511$1,004$654$419$148
35 years$2,131$1,433$939$602$380$129
36 years$2,049$1,361$879$555$344$113
37 years$1,971$1,292$822$511$312$98
38 years$1,898$1,228$770$471$283$86
39 years$1,829$1,168$721$434$256$75
40 years$1,764$1,111$676$400$232$65
41 years$1,701$1,058$634$370$211$57
42 years$1,642$1,007$595$341$191$50
43 years$1,586$960$558$315$174$43
44 years$1,533$915$524$291$158$38
45 years$1,482$872$492$268$143$33
46 years$1,433$832$462$248$130$29
47 years$1,387$794$434$229$118$25
48 years$1,342$758$408$212$107$22
49 years$1,300$724$383$196$97$19
50 years$1,259$692$360$181$88$17

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 $6,065 every year, while hoping to spend $27,740 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: 76/6/18 Blend
29$1,290,000$1,290,000$1,290,000$1,290,000
30$1,427,836$1,359,466$1,339,471$1,530,047
31$1,543,960$1,396,565$1,354,828$1,635,589
32$1,670,999$1,434,552$1,369,770$1,747,237
33$1,810,037$1,473,441$1,384,253$1,868,910
34$1,962,268$1,513,246$1,398,233$2,001,597
35$2,129,006$1,553,982$1,411,660$2,146,394
36$2,311,698$1,595,661$1,424,485$2,304,502
37$2,511,940$1,638,297$1,436,653$2,477,250
38$2,731,486$1,681,901$1,448,110$2,666,097
39$2,972,271$1,726,488$1,458,795$2,872,653
40$3,236,424$1,772,068$1,468,646$3,098,691
41$3,526,292$1,818,652$1,477,598$3,346,165
42$3,844,459$1,866,250$1,485,583$3,617,227
43$4,193,771$1,914,874$1,492,527$3,914,248
44$4,577,364$1,964,531$1,498,355$4,239,841
45$4,998,692$2,015,230$1,502,986$4,596,884
46$5,461,560$2,066,977$1,506,338$4,988,550
47$5,970,160$2,119,780$1,508,321$5,418,334
48$6,529,111$2,173,644$1,508,844$5,890,085
49$7,143,499$2,228,571$1,507,809$6,408,048
50$7,818,930$2,284,565$1,505,115$6,976,899
51$8,561,579$2,341,627$1,500,654$7,601,789
52$9,378,249$2,399,756$1,494,315$8,288,395
53$10,276,436$2,458,950$1,485,981$9,042,975
54$11,264,399$2,519,205$1,475,528$9,872,421
55$12,351,237$2,580,515$1,462,827$10,784,329
56$13,546,976$2,642,873$1,447,744$11,787,072
57$14,862,661$2,706,267$1,430,137$12,889,874
58$16,310,463$2,770,685$1,409,858$14,102,899
59$17,903,793$2,836,111$1,386,751$15,437,351
60$19,657,428$2,902,528$1,360,655$16,905,572
61$21,587,647$2,969,914$1,331,399$18,521,166
62$23,712,392$3,038,245$1,298,805$20,299,123
63$26,051,429$3,107,492$1,262,688$22,255,963
64$28,626,540$3,177,624$1,222,853$24,409,890
65$31,461,724$3,248,605$1,179,096$26,780,965
66$34,583,429$3,320,395$1,131,204$29,391,295
67$38,020,794$3,392,950$1,078,956$32,265,243
68$41,805,932$3,466,221$1,022,117$35,429,654
69$45,974,224$3,540,153$960,445$38,914,117
70$50,564,661$3,614,687$893,686$42,751,233
71$55,620,206$3,689,756$821,575$46,976,932
72$61,188,202$3,765,290$743,833$51,630,810
73$67,320,818$3,841,208$660,170$56,756,500
74$74,075,541$3,917,426$570,285$62,402,087
75$81,515,717$3,993,851$473,860$68,620,561
76$89,711,152$4,070,382$370,567$75,470,317
77$98,738,767$4,146,908$260,059$83,015,709
78$108,683,328$4,223,313$141,977$91,327,654
79$119,638,239$4,299,467$15,945$100,484,304
80$131,706,431$4,375,233$0$110,571,784
81$145,001,330$4,450,462$0$121,707,774
82$159,647,925$4,524,994$0$133,978,845
83$175,783,950$4,598,656$0$147,497,275
84$193,561,187$4,671,264$0$162,390,172
85$213,146,891$4,742,618$0$178,797,603
86$234,725,374$4,812,507$0$196,873,919
87$258,499,744$4,880,701$0$216,789,212
88$284,693,819$4,946,957$0$238,730,918
89$313,554,244$5,011,013$0$262,905,591
90$345,352,814$5,072,590$0$289,540,846
91$380,389,043$5,131,390$0$318,887,513
92$418,992,991$5,187,093$0$351,222,002
93$461,528,376$5,239,360$0$386,848,913
94$508,396,010$5,287,828$0$426,103,912
95$560,037,582$5,332,112$0$469,356,896
96$616,939,828$5,371,798$0$517,015,489
97$679,639,123$5,406,448$0$569,528,889
98$748,726,546$5,435,597$0$627,392,105
99$824,853,460$5,458,747$0$691,150,636
100$908,737,659$5,475,371$0$761,405,614