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%13.8%
1 years$108,179$107,215$106,275$105,357$104,461$102,815
2 years$53,554$52,556$51,590$50,653$49,743$48,089
3 years$35,348$34,346$33,382$32,454$31,559$29,949
4 years$26,247$25,248$24,294$23,381$22,508$20,954
5 years$20,787$19,795$18,853$17,959$17,110$15,616
6 years$17,149$16,164$15,236$14,362$13,539$12,107
7 years$14,551$13,574$12,661$11,808$11,011$9,641
8 years$12,604$11,636$10,738$9,905$9,135$7,827
9 years$11,090$10,131$9,248$8,437$7,693$6,447
10 years$9,880$8,930$8,063$7,273$6,554$5,369
11 years$8,890$7,950$7,098$6,329$5,637$4,511
12 years$8,066$7,135$6,300$5,552$4,885$3,817
13 years$7,369$6,448$5,628$4,901$4,260$3,248
14 years$6,772$5,861$5,057$4,351$3,734$2,777
15 years$6,255$5,354$4,566$3,880$3,288$2,384
16 years$5,804$4,913$4,140$3,474$2,906$2,053
17 years$5,406$4,524$3,767$3,122$2,576$1,773
18 years$5,052$4,181$3,439$2,813$2,291$1,535
19 years$4,736$3,875$3,148$2,542$2,042$1,331
20 years$4,452$3,600$2,889$2,302$1,824$1,156
21 years$4,196$3,354$2,657$2,089$1,632$1,006
22 years$3,963$3,131$2,449$1,900$1,463$877
23 years$3,750$2,928$2,261$1,730$1,313$765
24 years$3,556$2,743$2,091$1,578$1,180$668
25 years$3,377$2,574$1,937$1,441$1,062$583
26 years$3,213$2,420$1,797$1,318$957$510
27 years$3,061$2,277$1,668$1,206$863$446
28 years$2,920$2,146$1,551$1,105$778$391
29 years$2,789$2,024$1,443$1,013$703$342
30 years$2,667$1,912$1,344$930$635$300
31 years$2,553$1,807$1,253$854$574$263
32 years$2,446$1,710$1,169$785$519$230
33 years$2,346$1,619$1,092$722$470$202
34 years$2,252$1,535$1,020$664$426$177
35 years$2,164$1,456$954$611$385$155
36 years$2,081$1,382$892$563$349$136
37 years$2,002$1,312$835$519$317$120
38 years$1,928$1,247$782$478$287$105
39 years$1,858$1,186$733$441$260$92
40 years$1,791$1,128$687$407$236$81
41 years$1,728$1,074$644$375$214$71
42 years$1,668$1,023$604$346$194$62
43 years$1,611$975$567$320$176$55
44 years$1,556$929$532$295$160$48
45 years$1,505$886$500$273$145$42
46 years$1,455$845$469$252$132$37
47 years$1,408$806$441$233$120$33
48 years$1,363$770$414$215$109$29
49 years$1,320$735$389$199$99$25
50 years$1,279$702$366$184$90$22

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 $5,491 every year, while hoping to spend $58,622 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: 39/36/25 Blend
29$1,310,000$1,310,000$1,310,000$1,310,000
30$1,449,284$1,379,854$1,359,549$1,494,862
31$1,534,738$1,385,093$1,342,721$1,533,695
32$1,626,943$1,388,625$1,323,364$1,569,785
33$1,726,526$1,390,303$1,301,331$1,607,658
34$1,834,176$1,389,972$1,276,471$1,647,514
35$1,950,651$1,387,469$1,248,621$1,689,573
36$2,076,781$1,382,620$1,217,614$1,734,085
37$2,213,483$1,375,238$1,183,274$1,781,327
38$2,361,761$1,365,128$1,145,417$1,831,611
39$2,522,723$1,352,081$1,103,850$1,885,283
40$2,697,585$1,335,877$1,058,373$1,942,731
41$2,887,685$1,316,281$1,008,775$2,004,388
42$3,094,497$1,293,047$954,837$2,070,737
43$3,319,639$1,265,910$896,328$2,142,316
44$3,564,896$1,234,593$833,008$2,219,723
45$3,832,228$1,198,801$764,627$2,303,626
46$4,123,795$1,158,222$690,921$2,394,767
47$4,441,973$1,112,526$611,618$2,493,973
48$4,789,378$1,061,364$526,432$2,602,162
49$5,168,890$1,004,366$435,062$2,720,356
50$5,583,679$941,141$337,199$2,849,688
51$6,037,234$871,277$232,515$2,991,418
52$6,533,398$794,336$120,670$3,146,946
53$7,076,403$709,857$1,311$3,317,825
54$7,670,907$617,350$0$3,505,775
55$8,322,040$516,302$0$3,746,337
56$9,035,454$406,166$0$4,010,560
57$9,817,369$286,367$0$4,300,549
58$10,674,639$156,298$0$4,619,020
59$11,614,812$15,316$0$4,968,972
60$12,646,200$0$0$5,353,723
61$13,777,960$0$0$5,831,310
62$15,020,178$0$0$6,362,349
63$16,383,963$0$0$6,945,547
64$17,881,553$0$0$7,586,159
65$19,526,430$0$0$8,289,976
66$21,333,445$0$0$9,063,379
67$23,318,958$0$0$9,913,396
68$25,500,993$0$0$10,847,769
69$27,899,405$0$0$11,875,029
70$30,536,071$0$0$13,004,575
71$33,435,091$0$0$14,246,760
72$36,623,017$0$0$15,612,993
73$40,129,105$0$0$17,115,844
74$43,985,586$0$0$18,769,161
75$48,227,972$0$0$20,588,202
76$52,895,391$0$0$22,589,780
77$58,030,954$0$0$24,792,419
78$63,682,162$0$0$27,216,529
79$69,901,353$0$0$29,884,600
80$76,746,195$0$0$32,821,412
81$84,280,230$0$0$36,054,269
82$92,573,473$0$0$39,613,257
83$101,703,072$0$0$43,531,527
84$111,754,033$0$0$47,845,609
85$122,820,026$0$0$52,595,754
86$135,004,264$0$0$57,826,316
87$148,420,476$0$0$63,586,168
88$163,193,985$0$0$69,929,163
89$179,462,881$0$0$76,914,647
90$197,379,333$0$0$84,608,010
91$217,111,017$0$0$93,081,310
92$238,842,701$0$0$102,413,950
93$262,777,987$0$0$112,693,428
94$289,141,232$0$0$124,016,159
95$318,179,665$0$0$136,488,392
96$350,165,718$0$0$150,227,203
97$385,399,597$0$0$165,361,609
98$424,212,117$0$0$182,033,778
99$466,967,819$0$0$200,400,374
100$514,068,415$0$0$220,634,037