Can I retire at age 30 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$107,353$106,397$105,464$104,553$103,664$100,386
2 years$53,145$52,155$51,196$50,266$49,364$46,091
3 years$35,078$34,084$33,127$32,206$31,318$28,153
4 years$26,046$25,055$24,108$23,202$22,337$19,304
5 years$20,629$19,644$18,709$17,822$16,980$14,087
6 years$17,018$16,041$15,120$14,252$13,436$10,686
7 years$14,440$13,471$12,564$11,718$10,927$8,319
8 years$12,508$11,547$10,656$9,830$9,065$6,598
9 years$11,005$10,054$9,178$8,373$7,634$5,305
10 years$9,804$8,862$8,001$7,217$6,504$4,310
11 years$8,822$7,889$7,044$6,281$5,594$3,530
12 years$8,004$7,081$6,252$5,509$4,848$2,910
13 years$7,313$6,399$5,585$4,864$4,227$2,411
14 years$6,720$5,817$5,018$4,318$3,706$2,006
15 years$6,208$5,314$4,531$3,851$3,263$1,674
16 years$5,759$4,875$4,108$3,448$2,884$1,401
17 years$5,364$4,490$3,738$3,098$2,557$1,176
18 years$5,014$4,149$3,412$2,792$2,273$988
19 years$4,700$3,845$3,124$2,523$2,026$832
20 years$4,418$3,573$2,867$2,285$1,810$701
21 years$4,164$3,328$2,637$2,074$1,620$592
22 years$3,932$3,107$2,430$1,885$1,452$500
23 years$3,722$2,906$2,244$1,717$1,303$423
24 years$3,529$2,722$2,075$1,566$1,171$357
25 years$3,352$2,555$1,922$1,430$1,054$303
26 years$3,188$2,401$1,783$1,308$949$256
27 years$3,037$2,260$1,655$1,197$856$217
28 years$2,897$2,129$1,539$1,097$772$184
29 years$2,767$2,009$1,432$1,006$697$156
30 years$2,646$1,897$1,334$923$630$132
31 years$2,533$1,793$1,244$848$570$112
32 years$2,427$1,697$1,160$779$515$95
33 years$2,328$1,607$1,083$716$466$81
34 years$2,235$1,523$1,012$659$422$68
35 years$2,147$1,445$946$607$382$58
36 years$2,065$1,371$885$559$347$49
37 years$1,987$1,302$829$515$314$42
38 years$1,913$1,238$776$475$285$35
39 years$1,843$1,177$727$438$258$30
40 years$1,777$1,120$681$404$234$26
41 years$1,715$1,066$639$372$212$22
42 years$1,655$1,015$599$344$193$18
43 years$1,598$967$562$317$175$16
44 years$1,545$922$528$293$159$13
45 years$1,493$879$496$271$144$11
46 years$1,444$839$466$250$131$10
47 years$1,398$800$437$231$119$8
48 years$1,353$764$411$213$108$7
49 years$1,310$730$386$197$98$6
50 years$1,269$697$363$182$89$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,300,000, adding $2,138 every year, while hoping to spend $49,759 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: 49/34/17 Blend
29$1,300,000$1,300,000$1,300,000$1,300,000
30$1,434,805$1,365,905$1,345,755$1,498,213
31$1,528,212$1,379,892$1,337,895$1,556,247
32$1,629,479$1,392,895$1,328,104$1,613,968
33$1,739,355$1,404,816$1,316,264$1,675,594
34$1,858,663$1,415,546$1,302,253$1,741,512
35$1,988,311$1,424,972$1,285,943$1,812,148
36$2,129,295$1,432,972$1,267,198$1,887,973
37$2,282,712$1,439,416$1,245,878$1,969,508
38$2,449,768$1,444,168$1,221,834$2,057,331
39$2,631,792$1,447,080$1,194,914$2,152,079
40$2,830,246$1,447,997$1,164,954$2,254,458
41$3,046,736$1,446,755$1,131,786$2,365,248
42$3,283,035$1,443,177$1,095,232$2,485,310
43$3,541,091$1,437,079$1,055,108$2,615,600
44$3,823,048$1,428,262$1,011,221$2,757,171
45$4,131,270$1,416,517$963,367$2,911,189
46$4,468,355$1,401,623$911,336$3,078,940
47$4,837,168$1,383,342$854,906$3,261,850
48$5,240,860$1,361,427$793,846$3,461,489
49$5,682,903$1,335,613$727,916$3,679,598
50$6,167,120$1,305,619$656,862$3,918,095
51$6,697,721$1,271,149$580,421$4,179,102
52$7,279,343$1,231,889$498,319$4,464,963
53$7,917,091$1,187,507$410,268$4,778,265
54$8,616,589$1,137,650$315,968$5,121,869
55$9,384,034$1,081,947$215,105$5,498,932
56$10,226,247$1,020,004$107,352$5,912,940
57$11,150,744$951,404$0$6,367,743
58$12,165,805$875,708$0$6,868,979
59$13,280,550$792,450$0$7,440,826
60$14,505,023$701,138$0$8,069,039
61$15,850,294$601,252$0$8,759,409
62$17,328,554$492,244$0$9,518,324
63$18,953,235$373,531$0$10,352,828
64$20,739,133$244,503$0$11,270,694
65$22,702,553$104,512$0$12,280,492
66$24,861,454$0$0$13,391,677
67$27,235,625$0$0$14,632,309
68$29,846,868$0$0$16,039,985
69$32,719,204$0$0$17,588,572
70$35,879,099$0$0$19,292,359
71$39,355,713$0$0$21,167,089
72$43,181,175$0$0$23,230,110
73$47,390,887$0$0$25,500,534
74$52,023,854$0$0$27,999,421
75$57,123,056$0$0$30,749,977
76$62,735,848$0$0$33,777,769
77$68,914,411$0$0$37,110,973
78$75,716,243$0$0$40,780,631
79$83,204,697$0$0$44,820,950
80$91,449,583$0$0$49,269,624
81$100,527,825$0$0$54,168,187
82$110,524,185$0$0$59,562,404
83$121,532,062$0$0$65,502,707
84$133,654,377$0$0$72,044,666
85$147,004,539$0$0$79,249,517
86$161,707,516$0$0$87,184,735
87$177,901,015$0$0$95,924,677
88$195,736,779$0$0$105,551,276
89$215,382,023$0$0$116,154,820
90$237,021,003$0$0$127,834,802
91$260,856,766$0$0$140,700,855
92$287,113,054$0$0$154,873,793
93$316,036,424$0$0$170,486,746
94$347,898,569$0$0$187,686,420
95$382,998,886$0$0$206,634,476
96$421,667,297$0$0$227,509,060
97$464,267,365$0$0$250,506,486
98$511,199,726$0$0$275,843,081
99$562,905,866$0$0$303,757,234
100$619,872,290$0$0$334,511,642