Can I retire at age 30 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$108,179$107,215$106,275$105,357$104,461$100,675
2 years$53,554$52,556$51,590$50,653$49,743$45,970
3 years$35,348$34,346$33,382$32,454$31,559$27,918
4 years$26,247$25,248$24,294$23,381$22,508$19,027
5 years$20,787$19,795$18,853$17,959$17,110$13,797
6 years$17,149$16,164$15,236$14,362$13,539$10,397
7 years$14,551$13,574$12,661$11,808$11,011$8,039
8 years$12,604$11,636$10,738$9,905$9,135$6,331
9 years$11,090$10,131$9,248$8,437$7,693$5,053
10 years$9,880$8,930$8,063$7,273$6,554$4,074
11 years$8,890$7,950$7,098$6,329$5,637$3,311
12 years$8,066$7,135$6,300$5,552$4,885$2,708
13 years$7,369$6,448$5,628$4,901$4,260$2,225
14 years$6,772$5,861$5,057$4,351$3,734$1,836
15 years$6,255$5,354$4,566$3,880$3,288$1,519
16 years$5,804$4,913$4,140$3,474$2,906$1,261
17 years$5,406$4,524$3,767$3,122$2,576$1,048
18 years$5,052$4,181$3,439$2,813$2,291$873
19 years$4,736$3,875$3,148$2,542$2,042$729
20 years$4,452$3,600$2,889$2,302$1,824$609
21 years$4,196$3,354$2,657$2,089$1,632$509
22 years$3,963$3,131$2,449$1,900$1,463$426
23 years$3,750$2,928$2,261$1,730$1,313$357
24 years$3,556$2,743$2,091$1,578$1,180$299
25 years$3,377$2,574$1,937$1,441$1,062$250
26 years$3,213$2,420$1,797$1,318$957$210
27 years$3,061$2,277$1,668$1,206$863$176
28 years$2,920$2,146$1,551$1,105$778$148
29 years$2,789$2,024$1,443$1,013$703$124
30 years$2,667$1,912$1,344$930$635$104
31 years$2,553$1,807$1,253$854$574$87
32 years$2,446$1,710$1,169$785$519$73
33 years$2,346$1,619$1,092$722$470$62
34 years$2,252$1,535$1,020$664$426$52
35 years$2,164$1,456$954$611$385$44
36 years$2,081$1,382$892$563$349$37
37 years$2,002$1,312$835$519$317$31
38 years$1,928$1,247$782$478$287$26
39 years$1,858$1,186$733$441$260$22
40 years$1,791$1,128$687$407$236$18
41 years$1,728$1,074$644$375$214$15
42 years$1,668$1,023$604$346$194$13
43 years$1,611$975$567$320$176$11
44 years$1,556$929$532$295$160$9
45 years$1,505$886$500$273$145$8
46 years$1,455$845$469$252$132$6
47 years$1,408$806$441$233$120$5
48 years$1,363$770$414$215$109$5
49 years$1,320$735$389$199$99$4
50 years$1,279$702$366$184$90$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,310,000, adding $2,078 every year, while hoping to spend $56,691 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: 56/32/12 Blend
29$1,310,000$1,310,000$1,310,000$1,310,000
30$1,445,763$1,376,333$1,356,028$1,522,227
31$1,532,913$1,383,455$1,341,137$1,581,351
32$1,627,051$1,389,025$1,323,846$1,639,317
33$1,728,831$1,392,909$1,304,016$1,701,122
34$1,838,972$1,394,961$1,281,500$1,767,144
35$1,958,261$1,395,029$1,256,145$1,837,798
36$2,087,567$1,392,948$1,227,789$1,913,546
37$2,227,844$1,388,547$1,196,264$1,994,897
38$2,380,140$1,381,642$1,161,395$2,082,415
39$2,545,609$1,372,038$1,122,997$2,176,725
40$2,725,521$1,359,528$1,080,878$2,278,516
41$2,921,273$1,343,893$1,034,835$2,388,553
42$3,134,400$1,324,901$984,660$2,507,679
43$3,366,593$1,302,306$930,131$2,636,828
44$3,619,714$1,275,847$871,018$2,777,033
45$3,895,809$1,245,248$807,082$2,929,434
46$4,197,133$1,210,217$738,070$3,095,295
47$4,526,167$1,170,443$663,722$3,276,008
48$4,885,641$1,125,600$583,761$3,473,117
49$5,278,562$1,075,340$497,903$3,688,324
50$5,708,241$1,019,297$405,848$3,923,514
51$6,178,322$957,083$307,285$4,180,765
52$6,692,818$888,287$201,886$4,462,377
53$7,256,148$812,476$89,312$4,770,890
54$7,873,179$729,191$0$5,109,108
55$8,549,269$637,948$0$5,484,078
56$9,290,321$538,234$0$5,907,735
57$10,102,835$429,508$0$6,372,462
58$10,993,969$311,199$0$6,882,484
59$11,971,609$182,704$0$7,442,465
60$13,044,441$43,384$0$8,057,550
61$14,222,031$0$0$8,733,418
62$15,514,918$0$0$9,514,163
63$16,934,709$0$0$10,388,442
64$18,494,193$0$0$11,348,868
65$20,207,457$0$0$12,404,133
66$22,090,020$0$0$13,563,812
67$24,158,979$0$0$14,838,454
68$26,433,168$0$0$16,239,679
69$28,933,339$0$0$17,780,293
70$31,682,353$0$0$19,474,400
71$34,705,397$0$0$21,337,543
72$38,030,223$0$0$23,386,844
73$41,687,404$0$0$25,641,169
74$45,710,628$0$0$28,121,305
75$50,137,010$0$0$30,850,153
76$55,007,447$0$0$33,852,949
77$60,366,996$0$0$37,157,497
78$66,265,306$0$0$40,794,433
79$72,757,082$0$0$44,797,512
80$79,902,599$0$0$49,203,930
81$87,768,274$0$0$54,054,670
82$96,427,290$0$0$59,394,892
83$105,960,285$0$0$65,274,356
84$116,456,113$0$0$71,747,892
85$128,012,685$0$0$78,875,919
86$140,737,885$0$0$86,725,012
87$154,750,595$0$0$95,368,530
88$170,181,811$0$0$104,887,311
89$187,175,881$0$0$115,370,429
90$205,891,864$0$0$126,916,041
91$226,505,036$0$0$139,632,307
92$249,208,535$0$0$153,638,413
93$274,215,190$0$0$169,065,696
94$301,759,527$0$0$186,058,881
95$332,099,980$0$0$204,777,448
96$365,521,330$0$0$225,397,136
97$402,337,392$0$0$248,111,603
98$442,893,979$0$0$273,134,251
99$487,572,161$0$0$300,700,239
100$536,791,861$0$0$331,068,706