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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$109,004$108,033$107,086$106,161$105,259$104,290
2 years$53,963$52,958$51,984$51,039$50,123$49,147
3 years$35,618$34,608$33,637$32,701$31,800$30,847
4 years$26,447$25,441$24,479$23,559$22,680$21,757
5 years$20,946$19,946$18,997$18,096$17,241$16,351
6 years$17,280$16,287$15,352$14,471$13,642$12,786
7 years$14,662$13,678$12,758$11,898$11,095$10,273
8 years$12,700$11,725$10,820$9,981$9,204$8,417
9 years$11,175$10,208$9,319$8,501$7,751$6,999
10 years$9,955$8,998$8,124$7,328$6,604$5,886
11 years$8,958$8,011$7,153$6,378$5,680$4,994
12 years$8,127$7,190$6,348$5,594$4,922$4,269
13 years$7,425$6,498$5,671$4,939$4,292$3,671
14 years$6,824$5,906$5,096$4,384$3,763$3,172
15 years$6,303$5,395$4,601$3,910$3,313$2,753
16 years$5,848$4,950$4,171$3,501$2,928$2,397
17 years$5,447$4,559$3,796$3,146$2,596$2,094
18 years$5,091$4,213$3,465$2,835$2,308$1,833
19 years$4,772$3,904$3,172$2,561$2,057$1,609
20 years$4,486$3,628$2,911$2,320$1,838$1,414
21 years$4,228$3,379$2,678$2,105$1,645$1,245
22 years$3,993$3,154$2,468$1,914$1,474$1,098
23 years$3,779$2,950$2,279$1,743$1,323$970
24 years$3,583$2,764$2,107$1,590$1,189$857
25 years$3,403$2,594$1,952$1,452$1,070$758
26 years$3,237$2,438$1,810$1,328$964$672
27 years$3,084$2,294$1,681$1,215$869$595
28 years$2,942$2,162$1,563$1,114$784$528
29 years$2,810$2,040$1,454$1,021$708$468
30 years$2,687$1,926$1,355$937$640$416
31 years$2,572$1,821$1,263$861$579$369
32 years$2,465$1,723$1,178$791$523$328
33 years$2,364$1,632$1,100$727$474$292
34 years$2,269$1,546$1,028$669$429$259
35 years$2,180$1,467$961$616$388$230
36 years$2,096$1,392$899$567$352$205
37 years$2,017$1,322$841$523$319$182
38 years$1,943$1,257$788$482$289$162
39 years$1,872$1,195$738$444$262$144
40 years$1,805$1,137$692$410$238$129
41 years$1,741$1,082$649$378$216$114
42 years$1,681$1,031$609$349$196$102
43 years$1,623$982$571$322$178$91
44 years$1,568$936$536$297$161$81
45 years$1,516$893$503$275$146$72
46 years$1,466$852$473$254$133$64
47 years$1,419$813$444$234$121$57
48 years$1,374$776$417$217$110$51
49 years$1,330$741$392$200$100$45
50 years$1,289$708$369$185$90$40

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 $5,852 every year, while hoping to spend $25,532 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: 30/42/28 Blend
29$1,320,000$1,320,000$1,320,000$1,320,000
30$1,460,676$1,390,716$1,370,256$1,491,781
31$1,582,499$1,431,696$1,388,994$1,557,543
32$1,715,893$1,473,827$1,407,504$1,625,613
33$1,862,010$1,517,140$1,425,751$1,698,336
34$2,022,120$1,561,666$1,443,699$1,776,135
35$2,197,622$1,607,433$1,461,309$1,859,473
36$2,390,057$1,654,475$1,478,540$1,948,862
37$2,601,121$1,702,822$1,495,349$2,044,866
38$2,832,683$1,752,508$1,511,691$2,148,102
39$3,086,800$1,803,565$1,527,517$2,259,252
40$3,365,741$1,856,027$1,542,776$2,379,066
41$3,672,003$1,909,928$1,557,415$2,508,369
42$4,008,337$1,965,304$1,571,378$2,648,069
43$4,377,773$2,022,190$1,584,605$2,799,168
44$4,783,650$2,080,621$1,597,033$2,962,766
45$5,229,646$2,140,635$1,608,597$3,140,077
46$5,719,812$2,202,269$1,619,227$3,332,437
47$6,258,613$2,265,560$1,628,851$3,541,317
48$6,850,966$2,330,546$1,637,392$3,768,337
49$7,502,289$2,397,268$1,644,769$4,015,283
50$8,218,551$2,465,763$1,650,898$4,284,121
51$9,006,330$2,536,072$1,655,690$4,577,018
52$9,872,871$2,608,235$1,659,051$4,896,359
53$10,826,157$2,682,292$1,660,883$5,244,773
54$11,874,986$2,758,285$1,661,083$5,625,157
55$13,029,050$2,836,256$1,659,544$6,040,703
56$14,299,026$2,916,246$1,656,152$6,494,927
57$15,696,682$2,998,297$1,650,789$6,991,703
58$17,234,982$3,082,452$1,643,329$7,535,299
59$18,928,212$3,168,754$1,633,642$8,130,420
60$20,792,112$3,257,245$1,621,591$8,782,249
61$22,844,026$3,347,969$1,607,033$9,496,498
62$25,103,066$3,440,969$1,589,818$10,279,460
63$27,590,290$3,536,287$1,569,788$11,138,071
64$30,328,901$3,633,968$1,546,778$12,079,973
65$33,344,470$3,734,053$1,520,616$13,113,589
66$36,665,171$3,836,587$1,491,122$14,248,201
67$40,322,050$3,941,610$1,458,105$15,494,035
68$44,349,316$4,049,167$1,421,369$16,862,365
69$48,784,668$4,159,298$1,380,707$18,365,610
70$53,669,645$4,272,044$1,335,902$20,017,460
71$59,050,022$4,387,447$1,286,727$21,833,000
72$64,976,238$4,505,545$1,232,946$23,828,855
73$71,503,876$4,626,379$1,174,312$26,023,346
74$78,694,185$4,749,985$1,110,565$28,436,664
75$86,614,659$4,876,401$1,041,435$31,091,061
76$95,339,671$5,005,662$966,641$34,011,059
77$104,951,179$5,137,802$885,885$37,223,682
78$115,539,498$5,272,852$798,861$40,758,713
79$127,204,149$5,410,844$705,245$44,648,975
80$140,054,803$5,551,806$604,701$48,930,640
81$154,212,311$5,695,763$496,877$53,643,572
82$169,809,851$5,842,740$381,407$58,831,704
83$186,994,179$5,992,757$257,907$64,543,451
84$205,927,015$6,145,832$125,977$70,832,170
85$226,786,573$6,301,980$0$77,756,665
86$249,769,238$6,461,212$0$85,386,167
87$275,091,424$6,623,535$0$93,828,120
88$302,991,612$6,788,951$0$103,123,690
89$333,732,608$6,957,461$0$113,359,758
90$367,604,014$7,129,056$0$124,632,063
91$404,924,970$7,303,727$0$137,046,107
92$446,047,162$7,481,454$0$150,718,148
93$491,358,142$7,662,216$0$165,776,299
94$541,284,989$7,845,981$0$182,361,738
95$596,298,336$8,032,712$0$200,630,040
96$656,916,817$8,222,365$0$220,752,641
97$723,711,958$8,414,887$0$242,918,466
98$797,313,576$8,610,215$0$267,335,703
99$878,415,724$8,808,279$0$294,233,772
100$967,783,241$9,008,997$0$323,865,492