Can I retire at age 30 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$99,095$98,212$97,351$96,510$95,690$92,738
2 years$49,057$48,143$47,258$46,399$45,567$42,619
3 years$32,380$31,462$30,579$29,728$28,909$26,057
4 years$24,043$23,128$22,254$21,418$20,618$17,885
5 years$19,042$18,133$17,270$16,451$15,674$13,065
6 years$15,709$14,807$13,956$13,156$12,402$9,921
7 years$13,329$12,435$11,598$10,816$10,086$7,733
8 years$11,546$10,659$9,836$9,073$8,367$6,140
9 years$10,159$9,280$8,472$7,729$7,047$4,943
10 years$9,050$8,180$7,386$6,662$6,004$4,021
11 years$8,143$7,282$6,502$5,798$5,164$3,298
12 years$7,388$6,536$5,771$5,086$4,475$2,722
13 years$6,750$5,907$5,156$4,490$3,902$2,258
14 years$6,204$5,369$4,632$3,986$3,421$1,881
15 years$5,730$4,905$4,182$3,554$3,012$1,573
16 years$5,316$4,500$3,792$3,183$2,662$1,318
17 years$4,952$4,144$3,451$2,860$2,360$1,108
18 years$4,628$3,830$3,150$2,577$2,098$932
19 years$4,339$3,549$2,884$2,329$1,870$786
20 years$4,078$3,298$2,646$2,109$1,671$664
21 years$3,843$3,072$2,434$1,914$1,495$561
22 years$3,630$2,868$2,244$1,740$1,340$475
23 years$3,435$2,682$2,071$1,585$1,203$402
24 years$3,257$2,513$1,916$1,446$1,081$340
25 years$3,094$2,358$1,774$1,320$973$289
26 years$2,943$2,216$1,646$1,207$876$245
27 years$2,804$2,086$1,528$1,105$790$208
28 years$2,675$1,966$1,421$1,012$713$176
29 years$2,555$1,854$1,322$928$644$150
30 years$2,443$1,751$1,231$852$582$127
31 years$2,338$1,655$1,148$782$526$108
32 years$2,241$1,566$1,071$719$476$92
33 years$2,149$1,483$1,000$661$431$78
34 years$2,063$1,406$934$608$390$66
35 years$1,982$1,333$874$560$353$56
36 years$1,906$1,266$817$516$320$48
37 years$1,834$1,202$765$475$290$41
38 years$1,766$1,142$716$438$263$35
39 years$1,702$1,086$671$404$238$29
40 years$1,641$1,034$629$373$216$25
41 years$1,583$984$590$344$196$21
42 years$1,528$937$553$317$178$18
43 years$1,476$893$519$293$162$15
44 years$1,426$851$487$270$147$13
45 years$1,378$811$458$250$133$11
46 years$1,333$774$430$231$121$9
47 years$1,290$739$404$213$110$8
48 years$1,249$705$379$197$100$7
49 years$1,209$673$357$182$91$6
50 years$1,172$643$335$168$82$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,200,000, adding $6,028 every year, while hoping to spend $29,355 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: 77/8/15 Blend
29$1,200,000$1,200,000$1,200,000$1,200,000
30$1,328,618$1,265,018$1,246,418$1,426,228
31$1,432,903$1,295,770$1,256,939$1,522,206
32$1,546,842$1,327,046$1,266,830$1,623,132
33$1,671,388$1,358,839$1,276,036$1,732,998
34$1,807,590$1,391,143$1,284,504$1,852,687
35$1,956,606$1,423,950$1,292,176$1,983,169
36$2,119,707$1,457,251$1,298,992$2,125,516
37$2,298,296$1,491,035$1,304,886$2,280,905
38$2,493,915$1,525,289$1,309,794$2,450,635
39$2,708,266$1,559,999$1,313,643$2,636,136
40$2,943,219$1,595,149$1,316,360$2,838,985
41$3,200,837$1,630,721$1,317,867$3,060,917
42$3,483,390$1,666,694$1,318,084$3,303,844
43$3,793,380$1,703,046$1,316,924$3,569,875
44$4,133,561$1,739,752$1,314,297$3,861,330
45$4,506,969$1,776,784$1,310,110$4,180,769
46$4,916,945$1,814,112$1,304,264$4,531,009
47$5,367,172$1,851,702$1,296,656$4,915,157
48$5,861,706$1,889,518$1,287,177$5,336,634
49$6,405,016$1,927,520$1,275,713$5,799,212
50$7,002,024$1,965,665$1,262,146$6,307,046
51$7,658,153$2,003,906$1,246,350$6,864,713
52$8,379,378$2,042,191$1,228,197$7,477,260
53$9,172,281$2,080,464$1,207,548$8,150,246
54$10,044,114$2,118,667$1,184,260$8,889,797
55$11,002,866$2,156,734$1,158,185$9,702,664
56$12,057,339$2,194,595$1,129,165$10,596,287
57$13,217,232$2,232,174$1,097,037$11,578,862
58$14,493,231$2,269,392$1,061,629$12,659,425
59$15,897,109$2,306,160$1,022,761$13,847,931
60$17,441,837$2,342,386$980,248$15,155,349
61$19,141,710$2,377,968$933,891$16,593,770
62$21,012,474$2,412,799$883,487$18,176,516
63$23,071,484$2,446,763$828,821$19,918,269
64$25,337,858$2,479,737$769,669$21,835,208
65$27,832,665$2,511,589$705,798$23,945,162
66$30,579,117$2,542,178$636,963$26,267,780
67$33,602,795$2,571,352$562,909$28,824,714
68$36,931,883$2,598,952$483,369$31,639,827
69$40,597,439$2,624,804$398,066$34,739,414
70$44,633,684$2,648,725$306,707$38,152,453
71$49,078,328$2,670,521$208,990$41,910,881
72$53,972,924$2,689,984$104,598$46,049,889
73$59,363,260$2,706,891$0$50,608,261
74$65,299,791$2,721,007$0$55,629,827
75$71,838,115$2,732,081$0$61,178,533
76$79,039,496$2,739,847$0$67,289,585
77$86,971,446$2,744,021$0$74,020,244
78$95,708,358$2,744,302$0$81,433,610
79$105,332,208$2,740,370$0$89,599,216
80$115,933,331$2,731,887$0$98,593,687
81$127,611,272$2,718,490$0$108,501,458
82$140,475,724$2,699,798$0$119,415,579
83$154,647,565$2,675,406$0$131,438,583
84$170,259,999$2,644,882$0$144,683,462
85$187,459,810$2,607,773$0$159,274,732
86$206,408,750$2,563,593$0$175,349,603
87$227,285,065$2,511,832$0$193,059,282
88$250,285,177$2,451,947$0$212,570,394
89$275,625,538$2,383,365$0$234,066,559
90$303,544,670$2,305,477$0$257,750,121
91$334,305,421$2,217,641$0$283,844,064
92$368,197,444$2,119,175$0$312,594,110
93$405,539,928$2,009,359$0$344,271,046
94$446,684,615$1,887,433$0$379,173,272
95$492,019,119$1,752,590$0$417,629,627
96$541,970,581$1,603,979$0$460,002,486
97$597,009,706$1,440,699$0$506,691,183
98$657,655,203$1,261,800$0$558,135,785
99$724,478,681$1,066,276$0$614,821,240
100$798,110,047$853,064$0$677,281,960