Can I retire at age 30 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$99,921$99,031$98,162$97,315$96,487$93,737
2 years$49,466$48,544$47,652$46,786$45,946$43,197
3 years$32,650$31,724$30,834$29,976$29,150$26,488
4 years$24,243$23,321$22,439$21,596$20,790$18,235
5 years$19,201$18,284$17,414$16,588$15,804$13,363
6 years$15,840$14,930$14,073$13,265$12,505$10,181
7 years$13,441$12,538$11,695$10,906$10,170$7,963
8 years$11,642$10,748$9,918$9,149$8,437$6,345
9 years$10,243$9,358$8,542$7,793$7,105$5,127
10 years$9,125$8,248$7,447$6,718$6,054$4,186
11 years$8,211$7,343$6,557$5,846$5,207$3,446
12 years$7,450$6,591$5,819$5,128$4,512$2,856
13 years$6,806$5,956$5,199$4,527$3,935$2,379
14 years$6,255$5,414$4,671$4,019$3,449$1,990
15 years$5,778$4,946$4,217$3,584$3,037$1,671
16 years$5,361$4,538$3,824$3,209$2,684$1,406
17 years$4,993$4,179$3,479$2,883$2,380$1,187
18 years$4,667$3,862$3,176$2,599$2,116$1,004
19 years$4,375$3,579$2,908$2,348$1,886$850
20 years$4,112$3,326$2,668$2,127$1,685$721
21 years$3,875$3,098$2,455$1,930$1,508$612
22 years$3,660$2,892$2,262$1,755$1,351$520
23 years$3,464$2,704$2,089$1,598$1,213$443
24 years$3,285$2,534$1,932$1,458$1,090$377
25 years$3,120$2,378$1,789$1,331$981$321
26 years$2,968$2,235$1,659$1,217$884$273
27 years$2,827$2,103$1,541$1,114$797$233
28 years$2,697$1,982$1,432$1,021$719$199
29 years$2,576$1,870$1,333$936$649$170
30 years$2,463$1,766$1,242$859$587$145
31 years$2,358$1,669$1,158$789$530$124
32 years$2,259$1,579$1,080$725$480$106
33 years$2,167$1,496$1,008$667$434$90
34 years$2,080$1,418$942$613$393$77
35 years$1,999$1,345$881$565$356$66
36 years$1,922$1,276$824$520$323$56
37 years$1,849$1,212$771$479$292$48
38 years$1,781$1,152$722$442$265$41
39 years$1,716$1,095$677$407$240$35
40 years$1,654$1,042$634$376$218$30
41 years$1,596$992$595$347$198$26
42 years$1,541$945$558$320$179$22
43 years$1,488$900$524$295$163$19
44 years$1,438$858$491$273$148$16
45 years$1,390$818$461$252$134$14
46 years$1,344$781$433$233$122$12
47 years$1,301$745$407$215$111$10
48 years$1,259$711$383$199$100$9
49 years$1,219$679$360$183$91$7
50 years$1,181$649$338$170$83$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,210,000, adding $6,701 every year, while hoping to spend $39,490 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: 44/44/12 Blend
29$1,210,000$1,210,000$1,210,000$1,210,000
30$1,340,332$1,276,202$1,257,447$1,394,406
31$1,435,029$1,296,719$1,257,555$1,453,253
32$1,538,061$1,316,918$1,256,342$1,512,477
33$1,650,238$1,336,741$1,253,724$1,575,790
34$1,772,448$1,356,127$1,249,609$1,643,584
35$1,905,671$1,375,011$1,243,905$1,716,292
36$2,050,984$1,393,321$1,236,510$1,794,392
37$2,209,574$1,410,983$1,227,323$1,878,410
38$2,382,746$1,427,917$1,216,233$1,968,931
39$2,571,937$1,444,035$1,203,128$2,066,596
40$2,778,729$1,459,248$1,187,887$2,172,116
41$3,004,864$1,473,456$1,170,386$2,286,275
42$3,252,260$1,486,555$1,150,494$2,409,939
43$3,523,029$1,498,435$1,128,074$2,544,063
44$3,819,496$1,508,976$1,102,983$2,689,703
45$4,144,222$1,518,053$1,075,070$2,848,024
46$4,500,027$1,525,532$1,044,179$3,020,311
47$4,890,017$1,531,269$1,010,146$3,207,985
48$5,317,611$1,535,114$972,798$3,412,613
49$5,786,578$1,536,905$931,958$3,635,925
50$6,301,066$1,536,471$887,435$3,879,831
51$6,865,646$1,533,629$839,036$4,146,438
52$7,485,352$1,528,187$786,554$4,438,074
53$8,165,730$1,519,940$729,775$4,757,307
54$8,912,887$1,508,671$668,476$5,106,969
55$9,733,554$1,494,148$602,422$5,490,189
56$10,635,142$1,476,127$531,369$5,910,418
57$11,625,819$1,454,349$455,062$6,371,464
58$12,714,581$1,428,540$373,235$6,877,531
59$13,911,338$1,398,409$285,608$7,433,255
60$15,227,010$1,363,647$191,892$8,043,753
61$16,673,628$1,323,928$91,783$8,714,670
62$18,264,444$1,278,907$0$9,452,234
63$20,014,063$1,228,218$0$10,265,244
64$21,938,571$1,171,475$0$11,172,018
65$24,055,696$1,108,269$0$12,169,199
66$26,384,969$1,038,166$0$13,266,056
67$28,947,909$960,709$0$14,472,814
68$31,768,227$875,414$0$15,800,744
69$34,872,047$781,771$0$17,262,279
70$38,288,156$679,238$0$18,871,127
71$42,048,271$567,244$0$20,642,402
72$46,187,343$445,186$0$22,592,773
73$50,743,879$312,428$0$24,740,617
74$55,760,312$168,295$0$27,106,199
75$61,283,400$12,077$0$29,711,860
76$67,364,662$0$0$32,582,237
77$74,060,868$0$0$35,820,494
78$81,434,576$0$0$39,393,017
79$89,554,716$0$0$43,327,382
80$98,497,245$0$0$47,660,415
81$108,345,863$0$0$52,432,696
82$119,192,800$0$0$57,688,944
83$131,139,687$0$0$63,478,435
84$144,298,517$0$0$69,855,469
85$158,792,700$0$0$76,879,880
86$174,758,224$0$0$84,617,605
87$192,344,946$0$0$93,141,300
88$211,717,996$0$0$102,531,033
89$233,059,344$0$0$112,875,032
90$256,569,512$0$0$124,270,523
91$282,469,468$0$0$136,824,644
92$311,002,711$0$0$150,655,460
93$342,437,567$0$0$165,893,071
94$377,069,724$0$0$182,680,848
95$415,225,023$0$0$201,176,778
96$457,262,528$0$0$221,554,962
97$503,577,923$0$0$244,007,252
98$554,607,239$0$0$268,745,067
99$610,830,972$0$0$296,001,385
100$672,778,621$0$0$326,032,943