Can I retire at age 30 with 1,330,000?

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 $1,330,000?

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$109,830$108,852$107,897$106,966$106,056$102,212
2 years$54,371$53,359$52,377$51,426$50,503$46,672
3 years$35,888$34,871$33,892$32,949$32,041$28,344
4 years$26,647$25,634$24,664$23,738$22,852$19,317
5 years$21,105$20,097$19,141$18,233$17,372$14,008
6 years$17,411$16,411$15,468$14,581$13,746$10,556
7 years$14,773$13,782$12,854$11,988$11,179$8,162
8 years$12,796$11,813$10,902$10,056$9,274$6,428
9 years$11,259$10,286$9,389$8,566$7,810$5,130
10 years$10,030$9,066$8,186$7,384$6,655$4,137
11 years$9,026$8,071$7,207$6,426$5,723$3,362
12 years$8,189$7,244$6,396$5,637$4,960$2,749
13 years$7,481$6,547$5,714$4,976$4,325$2,259
14 years$6,876$5,951$5,134$4,417$3,791$1,864
15 years$6,351$5,436$4,636$3,939$3,338$1,543
16 years$5,892$4,988$4,203$3,527$2,950$1,280
17 years$5,488$4,593$3,824$3,169$2,616$1,064
18 years$5,129$4,244$3,491$2,856$2,326$887
19 years$4,809$3,934$3,196$2,581$2,073$740
20 years$4,520$3,655$2,933$2,337$1,852$618
21 years$4,260$3,405$2,698$2,121$1,657$517
22 years$4,023$3,178$2,487$1,929$1,485$432
23 years$3,808$2,973$2,296$1,757$1,333$362
24 years$3,610$2,785$2,123$1,602$1,198$303
25 years$3,429$2,614$1,967$1,463$1,078$254
26 years$3,262$2,457$1,824$1,338$971$213
27 years$3,107$2,312$1,694$1,225$876$179
28 years$2,964$2,178$1,574$1,122$790$150
29 years$2,831$2,055$1,465$1,029$714$126
30 years$2,707$1,941$1,365$944$645$106
31 years$2,592$1,835$1,272$867$583$89
32 years$2,483$1,736$1,187$797$527$75
33 years$2,382$1,644$1,108$733$477$63
34 years$2,287$1,558$1,036$674$432$53
35 years$2,197$1,478$968$621$391$44
36 years$2,112$1,403$906$572$355$37
37 years$2,033$1,332$848$527$321$31
38 years$1,957$1,266$794$486$291$26
39 years$1,886$1,204$744$448$264$22
40 years$1,818$1,146$697$413$240$18
41 years$1,754$1,090$654$381$217$16
42 years$1,693$1,038$613$352$197$13
43 years$1,635$989$575$325$179$11
44 years$1,580$943$540$300$163$9
45 years$1,528$899$507$277$148$8
46 years$1,478$858$476$256$134$7
47 years$1,430$819$448$236$122$5
48 years$1,384$782$421$218$110$5
49 years$1,340$746$395$202$100$4
50 years$1,299$713$372$186$91$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,330,000, adding $6,726 every year, while hoping to spend $59,353 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: 35/46/19 Blend
29$1,330,000$1,330,000$1,330,000$1,330,000
30$1,472,598$1,402,108$1,381,493$1,515,383
31$1,559,652$1,407,660$1,364,622$1,552,854
32$1,653,596$1,411,495$1,345,196$1,587,253
33$1,755,070$1,413,466$1,323,068$1,623,130
34$1,864,779$1,413,417$1,298,082$1,660,651
35$1,983,494$1,411,182$1,270,075$1,700,003
36$2,112,066$1,406,586$1,238,879$1,741,395
37$2,251,430$1,399,442$1,204,314$1,785,063
38$2,402,613$1,389,551$1,166,196$1,831,271
39$2,566,744$1,376,704$1,124,328$1,880,316
40$2,745,068$1,360,679$1,078,509$1,932,530
41$2,938,951$1,341,238$1,028,525$1,988,284
42$3,149,897$1,318,132$974,155$2,047,995
43$3,379,562$1,291,096$915,164$2,112,128
44$3,629,767$1,259,849$851,311$2,181,202
45$3,902,515$1,224,094$782,342$2,255,797
46$4,200,013$1,183,516$707,992$2,336,560
47$4,524,688$1,137,782$627,984$2,424,213
48$4,879,213$1,086,539$542,027$2,519,559
49$5,266,529$1,029,416$449,821$2,623,494
50$5,689,874$966,017$351,050$2,737,015
51$6,152,815$895,925$245,384$2,861,232
52$6,659,277$818,700$132,479$2,997,378
53$7,213,582$733,876$11,976$3,146,827
54$7,820,491$640,959$0$3,311,102
55$8,485,245$539,430$0$3,515,540
56$9,213,617$428,739$0$3,742,508
57$10,011,963$308,304$0$3,991,747
58$10,887,285$177,513$0$4,265,659
59$11,847,293$35,717$0$4,566,907
60$12,900,483$0$0$4,898,435
61$14,056,207$0$0$5,323,115
62$15,324,772$0$0$5,809,301
63$16,717,527$0$0$6,343,291
64$18,246,977$0$0$6,929,903
65$19,926,895$0$0$7,574,447
66$21,772,454$0$0$8,282,771
67$23,800,370$0$0$9,061,320
68$26,029,059$0$0$9,917,193
69$28,478,806$0$0$10,858,211
70$31,171,964$0$0$11,892,991
71$34,133,156$0$0$13,031,027
72$37,389,511$0$0$14,282,778
73$40,970,920$0$0$15,659,769
74$44,910,314$0$0$17,174,698
75$49,243,978$0$0$18,841,555
76$54,011,890$0$0$20,675,755
77$59,258,096$0$0$22,694,283
78$65,031,131$0$0$24,915,853
79$71,384,470$0$0$27,361,087
80$78,377,035$0$0$30,052,704
81$86,073,749$0$0$33,015,741
82$94,546,149$0$0$36,277,784
83$103,873,059$0$0$39,869,230
84$114,141,334$0$0$43,823,574
85$125,446,681$0$0$48,177,723
86$137,894,555$0$0$52,972,345
87$151,601,160$0$0$58,252,255
88$166,694,541$0$0$64,066,833
89$183,315,795$0$0$70,470,492
90$201,620,396$0$0$77,523,192
91$221,779,668$0$0$85,291,007
92$243,982,397$0$0$93,846,743
93$268,436,611$0$0$103,270,630
94$295,371,548$0$0$113,651,076
95$325,039,812$0$0$125,085,503
96$357,719,761$0$0$137,681,265
97$393,718,130$0$0$151,556,661
98$433,372,927$0$0$166,842,053
99$477,056,623$0$0$183,681,094
100$525,179,666$0$0$202,232,082