Can I retire at age 30 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$109,004$108,033$107,086$106,161$105,259$103,814
2 years$53,963$52,958$51,984$51,039$50,123$48,671
3 years$35,618$34,608$33,637$32,701$31,800$30,384
4 years$26,447$25,441$24,479$23,559$22,680$21,312
5 years$20,946$19,946$18,997$18,096$17,241$15,925
6 years$17,280$16,287$15,352$14,471$13,642$12,379
7 years$14,662$13,678$12,758$11,898$11,095$9,886
8 years$12,700$11,725$10,820$9,981$9,204$8,049
9 years$11,175$10,208$9,319$8,501$7,751$6,649
10 years$9,955$8,998$8,124$7,328$6,604$5,555
11 years$8,958$8,011$7,153$6,378$5,680$4,681
12 years$8,127$7,190$6,348$5,594$4,922$3,974
13 years$7,425$6,498$5,671$4,939$4,292$3,393
14 years$6,824$5,906$5,096$4,384$3,763$2,910
15 years$6,303$5,395$4,601$3,910$3,313$2,507
16 years$5,848$4,950$4,171$3,501$2,928$2,166
17 years$5,447$4,559$3,796$3,146$2,596$1,877
18 years$5,091$4,213$3,465$2,835$2,308$1,631
19 years$4,772$3,904$3,172$2,561$2,057$1,420
20 years$4,486$3,628$2,911$2,320$1,838$1,238
21 years$4,228$3,379$2,678$2,105$1,645$1,082
22 years$3,993$3,154$2,468$1,914$1,474$946
23 years$3,779$2,950$2,279$1,743$1,323$828
24 years$3,583$2,764$2,107$1,590$1,189$726
25 years$3,403$2,594$1,952$1,452$1,070$637
26 years$3,237$2,438$1,810$1,328$964$559
27 years$3,084$2,294$1,681$1,215$869$491
28 years$2,942$2,162$1,563$1,114$784$432
29 years$2,810$2,040$1,454$1,021$708$380
30 years$2,687$1,926$1,355$937$640$334
31 years$2,572$1,821$1,263$861$579$294
32 years$2,465$1,723$1,178$791$523$259
33 years$2,364$1,632$1,100$727$474$228
34 years$2,269$1,546$1,028$669$429$201
35 years$2,180$1,467$961$616$388$177
36 years$2,096$1,392$899$567$352$156
37 years$2,017$1,322$841$523$319$137
38 years$1,943$1,257$788$482$289$121
39 years$1,872$1,195$738$444$262$107
40 years$1,805$1,137$692$410$238$94
41 years$1,741$1,082$649$378$216$83
42 years$1,681$1,031$609$349$196$73
43 years$1,623$982$571$322$178$65
44 years$1,568$936$536$297$161$57
45 years$1,516$893$503$275$146$50
46 years$1,466$852$473$254$133$44
47 years$1,419$813$444$234$121$39
48 years$1,374$776$417$217$110$35
49 years$1,330$741$392$200$100$30
50 years$1,289$708$369$185$90$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,320,000, adding $6,666 every year, while hoping to spend $29,402 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: 74/5/21 Blend
29$1,320,000$1,320,000$1,320,000$1,320,000
30$1,461,516$1,391,556$1,371,096$1,561,816
31$1,579,307$1,428,459$1,385,744$1,666,229
32$1,708,128$1,466,184$1,399,898$1,776,414
33$1,849,071$1,504,742$1,413,509$1,896,413
34$2,003,342$1,544,140$1,426,528$2,027,199
35$2,172,268$1,584,388$1,438,901$2,169,843
36$2,357,308$1,625,492$1,450,573$2,325,524
37$2,560,072$1,667,459$1,461,485$2,495,541
38$2,782,331$1,710,296$1,471,577$2,681,326
39$3,026,035$1,754,007$1,480,781$2,884,457
40$3,293,335$1,798,598$1,489,031$3,106,671
41$3,586,596$1,844,070$1,496,255$3,349,883
42$3,908,427$1,890,427$1,502,377$3,616,204
43$4,261,698$1,937,670$1,507,318$3,907,957
44$4,649,573$1,985,797$1,510,995$4,227,705
45$5,075,536$2,034,808$1,513,321$4,578,271
46$5,543,427$2,084,700$1,514,203$4,962,763
47$6,057,473$2,135,467$1,513,545$5,384,611
48$6,622,333$2,187,102$1,511,247$5,847,590
49$7,243,139$2,239,599$1,507,202$6,355,863
50$7,925,546$2,292,946$1,501,300$6,914,015
51$8,675,781$2,347,130$1,493,423$7,527,101
52$9,500,708$2,402,137$1,483,450$8,200,689
53$10,407,888$2,457,949$1,471,253$8,940,916
54$11,405,651$2,514,546$1,456,698$9,754,547
55$12,503,174$2,571,906$1,439,644$10,649,033
56$13,710,570$2,630,001$1,419,945$11,632,588
57$15,038,981$2,688,804$1,397,445$12,714,264
58$16,500,682$2,748,281$1,371,985$13,904,033
59$18,109,201$2,808,396$1,343,396$15,212,890
60$19,879,440$2,869,108$1,311,500$16,652,946
61$21,827,821$2,930,372$1,276,114$18,237,550
62$23,972,438$2,992,140$1,237,043$19,981,415
63$26,333,229$3,054,357$1,194,086$21,900,752
64$28,932,163$3,116,965$1,147,032$24,013,428
65$31,793,445$3,179,897$1,095,659$26,339,130
66$34,943,749$3,243,085$1,039,736$28,899,557
67$38,412,466$3,306,451$979,023$31,718,622
68$42,231,983$3,369,913$913,265$34,822,674
69$46,437,986$3,433,380$842,201$38,240,754
70$51,069,800$3,496,754$765,553$42,004,866
71$56,170,755$3,559,930$683,035$46,150,278
72$61,788,600$3,622,795$594,345$50,715,856
73$67,975,951$3,685,226$499,169$55,744,434
74$74,790,787$3,747,091$397,180$61,283,214
75$82,296,996$3,808,247$288,035$67,384,215
76$90,564,982$3,868,544$171,376$74,104,763
77$99,672,323$3,927,816$46,830$81,508,034
78$109,704,510$3,985,888$0$89,663,649
79$120,755,746$4,042,572$0$98,667,620
80$132,929,841$4,097,668$0$108,597,665
81$146,341,190$4,150,959$0$119,536,552
82$161,115,850$4,202,215$0$131,587,066
83$177,392,734$4,251,190$0$144,862,475
84$195,324,916$4,297,621$0$159,487,593
85$215,081,081$4,341,229$0$175,599,965
86$236,847,116$4,381,713$0$193,351,159
87$260,827,860$4,418,756$0$212,908,204
88$287,249,045$4,452,018$0$234,455,156
89$316,359,417$4,481,136$0$258,194,848
90$348,433,093$4,505,728$0$284,350,793
91$383,772,142$4,525,382$0$313,169,300
92$422,709,439$4,539,663$0$344,921,799
93$465,611,804$4,548,110$0$379,907,400
94$512,883,470$4,550,229$0$418,455,719
95$564,969,893$4,545,499$0$460,929,989
96$622,361,959$4,533,366$0$507,730,487
97$685,600,617$4,513,239$0$559,298,315
98$755,281,987$4,484,495$0$616,119,563
99$832,062,985$4,446,470$0$678,729,898
100$916,667,526$4,398,463$0$747,719,618