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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$106,527$105,578$104,652$103,749$102,866$99,534
2 years$52,736$51,754$50,802$49,879$48,984$45,658
3 years$34,808$33,822$32,872$31,958$31,077$27,862
4 years$25,846$24,863$23,923$23,024$22,165$19,084
5 years$20,470$19,493$18,565$17,685$16,849$13,913
6 years$16,887$15,917$15,003$14,143$13,332$10,542
7 years$14,329$13,367$12,468$11,627$10,843$8,198
8 years$12,411$11,458$10,574$9,754$8,995$6,494
9 years$10,921$9,976$9,107$8,308$7,575$5,215
10 years$9,729$8,794$7,940$7,162$6,454$4,232
11 years$8,754$7,829$6,990$6,233$5,551$3,461
12 years$7,943$7,026$6,203$5,467$4,810$2,849
13 years$7,256$6,350$5,542$4,827$4,195$2,358
14 years$6,669$5,772$4,980$4,284$3,677$1,959
15 years$6,160$5,273$4,496$3,821$3,238$1,633
16 years$5,715$4,838$4,076$3,421$2,861$1,365
17 years$5,323$4,455$3,709$3,074$2,537$1,143
18 years$4,975$4,117$3,386$2,770$2,256$959
19 years$4,664$3,815$3,100$2,503$2,011$807
20 years$4,384$3,545$2,845$2,267$1,796$679
21 years$4,132$3,302$2,617$2,058$1,607$572
22 years$3,902$3,083$2,412$1,871$1,441$482
23 years$3,693$2,883$2,227$1,704$1,293$407
24 years$3,502$2,701$2,059$1,554$1,162$344
25 years$3,326$2,535$1,907$1,419$1,046$291
26 years$3,164$2,383$1,769$1,298$942$246
27 years$3,014$2,242$1,643$1,188$849$208
28 years$2,875$2,113$1,527$1,088$766$176
29 years$2,746$1,993$1,421$998$692$149
30 years$2,626$1,882$1,324$916$625$126
31 years$2,514$1,780$1,234$841$565$107
32 years$2,409$1,684$1,151$773$511$90
33 years$2,310$1,595$1,075$711$463$76
34 years$2,218$1,511$1,004$654$419$65
35 years$2,131$1,433$939$602$380$55
36 years$2,049$1,361$879$555$344$46
37 years$1,971$1,292$822$511$312$39
38 years$1,898$1,228$770$471$283$33
39 years$1,829$1,168$721$434$256$28
40 years$1,764$1,111$676$400$232$24
41 years$1,701$1,058$634$370$211$20
42 years$1,642$1,007$595$341$191$17
43 years$1,586$960$558$315$174$15
44 years$1,533$915$524$291$158$12
45 years$1,482$872$492$268$143$10
46 years$1,433$832$462$248$130$9
47 years$1,387$794$434$229$118$7
48 years$1,342$758$408$212$107$6
49 years$1,300$724$383$196$97$5
50 years$1,259$692$360$181$88$5

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 $2,045 every year, while hoping to spend $34,539 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: 51/29/20 Blend
29$1,290,000$1,290,000$1,290,000$1,290,000
30$1,423,689$1,355,319$1,335,324$1,488,301
31$1,532,157$1,384,981$1,343,309$1,562,770
32$1,650,530$1,414,938$1,350,403$1,639,962
33$1,779,783$1,445,169$1,356,540$1,723,157
34$1,920,988$1,475,650$1,361,652$1,812,936
35$2,075,326$1,506,354$1,365,664$1,909,939
36$2,244,095$1,537,251$1,368,500$2,014,872
37$2,428,728$1,568,311$1,370,080$2,128,513
38$2,630,798$1,599,499$1,370,318$2,251,720
39$2,852,042$1,630,777$1,369,125$2,385,436
40$3,094,369$1,662,103$1,366,409$2,530,705
41$3,359,882$1,693,434$1,362,072$2,688,676
42$3,650,900$1,724,722$1,356,011$2,860,614
43$3,969,973$1,755,915$1,348,119$3,047,916
44$4,319,912$1,786,957$1,338,283$3,252,121
45$4,703,813$1,817,787$1,326,385$3,474,927
46$5,125,084$1,848,341$1,312,301$3,718,204
47$5,587,482$1,878,548$1,295,902$3,984,015
48$6,095,142$1,908,335$1,277,053$4,274,634
49$6,652,623$1,937,620$1,255,610$4,592,569
50$7,264,944$1,966,317$1,231,427$4,940,584
51$7,937,635$1,994,333$1,204,346$5,321,728
52$8,676,788$2,021,569$1,174,206$5,739,359
53$9,489,114$2,047,920$1,140,835$6,197,183
54$10,382,008$2,073,272$1,104,057$6,699,284
55$11,363,614$2,097,503$1,063,684$7,250,165
56$12,442,907$2,120,485$1,019,522$7,854,790
57$13,629,774$2,142,080$971,367$8,518,632
58$14,935,109$2,162,140$919,006$9,247,725
59$16,370,914$2,180,508$862,216$10,048,720
60$17,950,412$2,197,018$800,765$10,928,952
61$19,688,174$2,211,491$734,410$11,896,503
62$21,600,252$2,223,739$662,897$12,960,288
63$23,704,334$2,233,559$585,961$14,130,129
64$26,019,910$2,240,737$503,324$15,416,859
65$28,568,453$2,245,045$414,698$16,832,418
66$31,373,624$2,246,242$319,780$18,389,967
67$34,461,496$2,244,069$218,254$20,104,017
68$37,860,794$2,238,255$109,792$21,990,561
69$41,603,175$2,228,509$0$24,067,230
70$45,723,516$2,214,523$0$26,354,733
71$50,260,253$2,195,973$0$28,898,307
72$55,255,733$2,172,510$0$31,698,194
73$60,756,625$2,143,770$0$34,780,509
74$66,814,348$2,109,362$0$38,174,035
75$73,485,567$2,068,876$0$41,910,489
76$80,832,719$2,021,875$0$46,024,831
77$88,924,606$1,967,897$0$50,555,588
78$97,837,045$1,906,453$0$55,545,220
79$107,653,580$1,837,025$0$61,040,523
80$118,466,271$1,759,066$0$67,093,070
81$130,376,566$1,671,996$0$73,759,698
82$143,496,254$1,575,201$0$81,103,049
83$157,948,519$1,468,034$0$89,192,157
84$173,869,109$1,349,808$0$98,103,104
85$191,407,609$1,219,800$0$107,919,741
86$210,728,857$1,077,242$0$118,734,475
87$232,014,499$921,325$0$130,649,147
88$255,464,703$751,195$0$143,775,996
89$281,300,046$565,947$0$158,238,714
90$309,763,599$364,627$0$174,173,621
91$341,123,219$146,227$0$191,730,950
92$375,674,079$0$0$211,076,270
93$413,741,449$0$0$232,420,867
94$455,683,773$0$0$255,989,824
95$501,896,045$0$0$281,958,468
96$552,813,544$0$0$310,571,430
97$608,915,936$0$0$342,098,290
98$670,731,809$0$0$376,836,121
99$738,843,653$0$0$415,112,290
100$813,893,368$0$0$457,287,553