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%16.8%
1 years$107,353$106,397$105,464$104,553$103,664$100,790
2 years$53,145$52,155$51,196$50,266$49,364$46,490
3 years$35,078$34,084$33,127$32,206$31,318$28,534
4 years$26,046$25,055$24,108$23,202$22,337$19,664
5 years$20,629$19,644$18,709$17,822$16,980$14,426
6 years$17,018$16,041$15,120$14,252$13,436$11,003
7 years$14,440$13,471$12,564$11,718$10,927$8,615
8 years$12,508$11,547$10,656$9,830$9,065$6,873
9 years$11,005$10,054$9,178$8,373$7,634$5,560
10 years$9,804$8,862$8,001$7,217$6,504$4,545
11 years$8,822$7,889$7,044$6,281$5,594$3,747
12 years$8,004$7,081$6,252$5,509$4,848$3,109
13 years$7,313$6,399$5,585$4,864$4,227$2,593
14 years$6,720$5,817$5,018$4,318$3,706$2,172
15 years$6,208$5,314$4,531$3,851$3,263$1,826
16 years$5,759$4,875$4,108$3,448$2,884$1,540
17 years$5,364$4,490$3,738$3,098$2,557$1,301
18 years$5,014$4,149$3,412$2,792$2,273$1,102
19 years$4,700$3,845$3,124$2,523$2,026$935
20 years$4,418$3,573$2,867$2,285$1,810$794
21 years$4,164$3,328$2,637$2,074$1,620$675
22 years$3,932$3,107$2,430$1,885$1,452$575
23 years$3,722$2,906$2,244$1,717$1,303$490
24 years$3,529$2,722$2,075$1,566$1,171$418
25 years$3,352$2,555$1,922$1,430$1,054$356
26 years$3,188$2,401$1,783$1,308$949$304
27 years$3,037$2,260$1,655$1,197$856$260
28 years$2,897$2,129$1,539$1,097$772$222
29 years$2,767$2,009$1,432$1,006$697$190
30 years$2,646$1,897$1,334$923$630$162
31 years$2,533$1,793$1,244$848$570$139
32 years$2,427$1,697$1,160$779$515$118
33 years$2,328$1,607$1,083$716$466$101
34 years$2,235$1,523$1,012$659$422$87
35 years$2,147$1,445$946$607$382$74
36 years$2,065$1,371$885$559$347$63
37 years$1,987$1,302$829$515$314$54
38 years$1,913$1,238$776$475$285$46
39 years$1,843$1,177$727$438$258$40
40 years$1,777$1,120$681$404$234$34
41 years$1,715$1,066$639$372$212$29
42 years$1,655$1,015$599$344$193$25
43 years$1,598$967$562$317$175$21
44 years$1,545$922$528$293$159$18
45 years$1,493$879$496$271$144$16
46 years$1,444$839$466$250$131$13
47 years$1,398$800$437$231$119$11
48 years$1,353$764$411$213$108$10
49 years$1,310$730$386$197$98$8
50 years$1,269$697$363$182$89$7

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 $6,939 every year, while hoping to spend $39,834 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: 55/36/9 Blend
29$1,300,000$1,300,000$1,300,000$1,300,000
30$1,439,758$1,370,858$1,350,708$1,515,414
31$1,544,230$1,395,647$1,353,573$1,592,165
32$1,658,023$1,420,315$1,355,200$1,670,705
33$1,782,046$1,444,815$1,355,504$1,755,262
34$1,917,299$1,469,095$1,354,397$1,846,414
35$2,064,883$1,493,100$1,351,789$1,944,799
36$2,226,008$1,516,770$1,347,581$2,051,121
37$2,402,010$1,540,040$1,341,674$2,166,153
38$2,594,355$1,562,842$1,333,960$2,290,751
39$2,804,661$1,585,103$1,324,330$2,425,855
40$3,034,707$1,606,744$1,312,665$2,572,505
41$3,286,453$1,627,680$1,298,845$2,731,844
42$3,562,056$1,647,822$1,282,742$2,905,136
43$3,863,894$1,667,072$1,264,221$3,093,771
44$4,194,581$1,685,329$1,243,143$3,299,283
45$4,557,001$1,702,483$1,219,360$3,523,364
46$4,954,326$1,718,416$1,192,720$3,767,881
47$5,390,053$1,733,004$1,163,062$4,034,888
48$5,868,031$1,746,113$1,130,217$4,326,654
49$6,392,500$1,757,603$1,094,010$4,645,680
50$6,968,133$1,767,324$1,054,257$4,994,723
51$7,600,073$1,775,113$1,010,765$5,376,824
52$8,293,989$1,780,802$963,334$5,795,333
53$9,056,124$1,784,209$911,753$6,253,948
54$9,893,354$1,785,141$855,803$6,756,744
55$10,813,258$1,783,395$795,254$7,308,216
56$11,824,182$1,778,753$729,867$7,913,317
57$12,935,321$1,770,984$659,390$8,577,512
58$14,156,806$1,759,844$583,562$9,306,823
59$15,499,798$1,745,075$502,109$10,107,894
60$16,976,594$1,726,399$414,745$10,988,045
61$18,600,740$1,703,527$321,174$11,955,351
62$20,387,165$1,676,150$221,082$13,018,714
63$22,352,314$1,643,938$114,146$14,187,948
64$24,514,305$1,606,547$26$15,473,872
65$26,893,105$1,563,608$0$16,888,416
66$29,510,710$1,514,733$0$18,456,424
67$32,391,357$1,459,510$0$20,181,466
68$35,561,753$1,397,504$0$22,079,561
69$39,051,324$1,328,253$0$24,168,369
70$42,892,492$1,251,271$0$26,467,359
71$47,120,984$1,166,041$0$28,997,990
72$51,776,167$1,072,019$0$31,783,914
73$56,901,417$968,629$0$34,851,206
74$62,544,530$855,261$0$38,228,605
75$68,758,175$731,272$0$41,947,790
76$75,600,386$595,981$0$46,043,678
77$83,135,113$448,671$0$50,554,758
78$91,432,821$288,583$0$55,523,453
79$100,571,160$114,915$0$60,996,523
80$110,635,693$0$0$67,025,509
81$121,720,707$0$0$73,696,209
82$133,930,098$0$0$81,093,841
83$147,378,354$0$0$89,242,271
84$162,191,634$0$0$98,217,963
85$178,508,961$0$0$108,105,173
86$196,483,529$0$0$118,996,752
87$216,284,153$0$0$130,995,015
88$238,096,858$0$0$144,212,709
89$262,126,638$0$0$158,774,078
90$288,599,389$0$0$174,816,035
91$317,764,040$0$0$192,489,452
92$349,894,901$0$0$211,960,586
93$385,294,257$0$0$233,412,648
94$424,295,214$0$0$257,047,531
95$467,264,848$0$0$283,087,715
96$514,607,669$0$0$311,778,371
97$566,769,433$0$0$343,389,669
98$624,241,359$0$0$378,219,330
99$687,564,757$0$0$416,595,441
100$757,336,141$0$0$458,879,544