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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$107,353$106,397$105,464$104,553$103,664$100,026
2 years$53,145$52,155$51,196$50,266$49,364$45,736
3 years$35,078$34,084$33,127$32,206$31,318$27,816
4 years$26,046$25,055$24,108$23,202$22,337$18,986
5 years$20,629$19,644$18,709$17,822$16,980$13,790
6 years$17,018$16,041$15,120$14,252$13,436$10,408
7 years$14,440$13,471$12,564$11,718$10,927$8,062
8 years$12,508$11,547$10,656$9,830$9,065$6,360
9 years$11,005$10,054$9,178$8,373$7,634$5,086
10 years$9,804$8,862$8,001$7,217$6,504$4,108
11 years$8,822$7,889$7,044$6,281$5,594$3,345
12 years$8,004$7,081$6,252$5,509$4,848$2,741
13 years$7,313$6,399$5,585$4,864$4,227$2,257
14 years$6,720$5,817$5,018$4,318$3,706$1,866
15 years$6,208$5,314$4,531$3,851$3,263$1,548
16 years$5,759$4,875$4,108$3,448$2,884$1,287
17 years$5,364$4,490$3,738$3,098$2,557$1,073
18 years$5,014$4,149$3,412$2,792$2,273$896
19 years$4,700$3,845$3,124$2,523$2,026$749
20 years$4,418$3,573$2,867$2,285$1,810$627
21 years$4,164$3,328$2,637$2,074$1,620$525
22 years$3,932$3,107$2,430$1,885$1,452$441
23 years$3,722$2,906$2,244$1,717$1,303$370
24 years$3,529$2,722$2,075$1,566$1,171$311
25 years$3,352$2,555$1,922$1,430$1,054$261
26 years$3,188$2,401$1,783$1,308$949$219
27 years$3,037$2,260$1,655$1,197$856$185
28 years$2,897$2,129$1,539$1,097$772$155
29 years$2,767$2,009$1,432$1,006$697$131
30 years$2,646$1,897$1,334$923$630$110
31 years$2,533$1,793$1,244$848$570$92
32 years$2,427$1,697$1,160$779$515$78
33 years$2,328$1,607$1,083$716$466$66
34 years$2,235$1,523$1,012$659$422$55
35 years$2,147$1,445$946$607$382$46
36 years$2,065$1,371$885$559$347$39
37 years$1,987$1,302$829$515$314$33
38 years$1,913$1,238$776$475$285$28
39 years$1,843$1,177$727$438$258$23
40 years$1,777$1,120$681$404$234$20
41 years$1,715$1,066$639$372$212$17
42 years$1,655$1,015$599$344$193$14
43 years$1,598$967$562$317$175$12
44 years$1,545$922$528$293$159$10
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$7
47 years$1,398$800$437$231$119$6
48 years$1,353$764$411$213$108$5
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$4

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 $4,975 every year, while hoping to spend $46,767 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: 72/23/5 Blend
29$1,300,000$1,300,000$1,300,000$1,300,000
30$1,437,732$1,368,832$1,348,682$1,540,262
31$1,534,621$1,386,145$1,344,103$1,625,820
32$1,639,825$1,402,739$1,337,803$1,713,106
33$1,754,143$1,418,529$1,329,676$1,807,340
34$1,878,454$1,433,425$1,319,608$1,909,191
35$2,013,724$1,447,331$1,307,483$2,019,397
36$2,161,018$1,460,144$1,293,177$2,138,771
37$2,321,505$1,471,754$1,276,562$2,268,209
38$2,496,473$1,482,045$1,257,502$2,408,697
39$2,687,341$1,490,893$1,235,856$2,561,324
40$2,895,669$1,498,166$1,211,476$2,727,288
41$3,123,174$1,503,723$1,184,207$2,907,910
42$3,371,747$1,507,415$1,153,888$3,104,646
43$3,643,470$1,509,083$1,120,348$3,319,102
44$3,940,635$1,508,558$1,083,410$3,553,045
45$4,265,764$1,505,662$1,042,889$3,808,426
46$4,621,637$1,500,205$998,591$4,087,393
47$5,011,314$1,491,984$950,313$4,392,315
48$5,438,162$1,480,786$897,843$4,725,803
49$5,905,894$1,466,384$840,960$5,090,736
50$6,418,595$1,448,536$779,432$5,490,284
51$6,980,766$1,426,989$713,017$5,927,946
52$7,597,364$1,401,471$641,463$6,407,577
53$8,273,848$1,371,696$564,505$6,933,426
54$9,016,233$1,337,362$481,868$7,510,178
55$9,831,142$1,298,146$393,264$8,142,995
56$10,725,872$1,253,709$298,392$8,837,572
57$11,708,462$1,203,691$196,939$9,600,181
58$12,787,765$1,147,712$88,576$10,437,741
59$13,973,535$1,085,369$0$11,357,875
60$15,276,519$1,016,235$0$12,370,434
61$16,708,555$939,861$0$13,488,375
62$18,282,683$855,770$0$14,717,201
63$20,013,273$763,459$0$16,068,191
64$21,916,155$662,397$0$17,553,777
65$24,008,769$552,020$0$19,187,661
66$26,310,330$431,736$0$20,984,947
67$28,842,009$300,916$0$22,962,281
68$31,627,132$158,900$0$25,138,011
69$34,691,400$4,986$0$27,532,360
70$38,063,130$0$0$30,167,619
71$41,773,522$0$0$33,109,245
72$45,856,955$0$0$36,348,085
73$50,351,308$0$0$39,912,929
74$55,298,318$0$0$43,836,894
75$60,743,976$0$0$48,156,468
76$66,738,955$0$0$52,911,857
77$73,339,093$0$0$58,147,364
78$80,605,918$0$0$63,911,805
79$88,607,226$0$0$70,258,971
80$97,417,721$0$0$77,248,136
81$107,119,722$0$0$84,944,612
82$117,803,937$0$0$93,420,369
83$129,570,320$0$0$102,754,713
84$142,529,010$0$0$113,035,032
85$156,801,376$0$0$124,357,623
86$172,521,158$0$0$136,828,598
87$189,835,727$0$0$150,564,888
88$208,907,481$0$0$165,695,341
89$229,915,371$0$0$182,361,945
90$253,056,596$0$0$200,721,162
91$278,548,455$0$0$220,945,405
92$306,630,408$0$0$243,224,668
93$337,566,324$0$0$267,768,314
94$371,646,982$0$0$294,807,057
95$409,192,807$0$0$324,595,132
96$450,556,899$0$0$357,412,700
97$496,128,359$0$0$393,568,489
98$546,335,971$0$0$433,402,709
99$601,652,238$0$0$477,290,262
100$662,597,849$0$0$525,644,280