Can I retire at age 30 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$101,572$100,667$99,785$98,923$98,082$94,791
2 years$50,283$49,347$48,439$47,559$46,706$43,422
3 years$33,189$32,249$31,343$30,472$29,632$26,459
4 years$24,644$23,706$22,810$21,953$21,134$18,096
5 years$19,518$18,586$17,701$16,862$16,066$13,171
6 years$16,102$15,177$14,305$13,485$12,712$9,964
7 years$13,663$12,745$11,888$11,087$10,338$7,735
8 years$11,834$10,925$10,082$9,300$8,577$6,117
9 years$10,413$9,512$8,683$7,922$7,223$4,903
10 years$9,276$8,385$7,570$6,829$6,154$3,971
11 years$8,347$7,464$6,665$5,943$5,293$3,242
12 years$7,573$6,700$5,915$5,213$4,587$2,663
13 years$6,919$6,055$5,285$4,602$4,000$2,199
14 years$6,359$5,503$4,748$4,085$3,506$1,823
15 years$5,873$5,027$4,287$3,643$3,087$1,517
16 years$5,449$4,613$3,887$3,262$2,728$1,265
17 years$5,076$4,248$3,537$2,931$2,419$1,057
18 years$4,744$3,925$3,229$2,641$2,151$885
19 years$4,447$3,638$2,956$2,387$1,917$743
20 years$4,180$3,381$2,713$2,162$1,712$624
21 years$3,939$3,149$2,495$1,962$1,532$524
22 years$3,721$2,939$2,300$1,784$1,374$441
23 years$3,521$2,749$2,123$1,625$1,233$371
24 years$3,339$2,576$1,964$1,482$1,108$313
25 years$3,171$2,417$1,819$1,353$997$264
26 years$3,017$2,272$1,687$1,237$898$222
27 years$2,874$2,138$1,566$1,132$810$188
28 years$2,741$2,015$1,456$1,038$731$158
29 years$2,618$1,901$1,355$951$660$134
30 years$2,504$1,795$1,262$873$596$113
31 years$2,397$1,697$1,177$802$539$95
32 years$2,297$1,606$1,098$737$488$80
33 years$2,203$1,520$1,025$678$441$68
34 years$2,115$1,441$958$624$400$57
35 years$2,032$1,367$895$574$362$49
36 years$1,954$1,297$838$529$328$41
37 years$1,880$1,232$784$487$297$35
38 years$1,810$1,171$734$449$269$29
39 years$1,744$1,113$688$414$244$25
40 years$1,682$1,059$645$382$222$21
41 years$1,622$1,008$605$352$201$18
42 years$1,566$960$567$325$182$15
43 years$1,512$915$532$300$166$13
44 years$1,461$872$500$277$150$11
45 years$1,413$832$469$256$136$9
46 years$1,366$793$441$236$124$8
47 years$1,322$757$414$218$112$6
48 years$1,280$723$389$202$102$5
49 years$1,240$690$366$187$93$5
50 years$1,201$659$344$172$84$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,230,000, adding $2,510 every year, while hoping to spend $21,546 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: 42/33/25 Blend
29$1,230,000$1,230,000$1,230,000$1,230,000
30$1,358,049$1,292,859$1,273,794$1,405,051
31$1,473,645$1,333,284$1,293,541$1,479,369
32$1,600,310$1,374,968$1,313,228$1,557,559
33$1,739,150$1,417,950$1,332,829$1,641,813
34$1,891,383$1,462,270$1,352,319$1,732,703
35$2,058,352$1,507,968$1,371,669$1,830,855
36$2,241,533$1,555,088$1,390,850$1,936,961
37$2,442,556$1,603,674$1,409,830$2,051,782
38$2,663,214$1,653,771$1,428,576$2,176,155
39$2,905,481$1,705,425$1,447,053$2,311,002
40$3,171,534$1,758,685$1,465,223$2,457,336
41$3,463,770$1,813,600$1,483,047$2,616,274
42$3,784,829$1,870,221$1,500,484$2,789,045
43$4,137,621$1,928,601$1,517,489$2,977,003
44$4,525,349$1,988,794$1,534,017$3,181,637
45$4,951,546$2,050,855$1,550,017$3,404,588
46$5,420,099$2,114,843$1,565,438$3,647,664
47$5,935,295$2,180,816$1,580,226$3,912,853
48$6,501,855$2,248,836$1,594,323$4,202,348
49$7,124,980$2,318,965$1,607,669$4,518,563
50$7,810,402$2,391,268$1,620,200$4,864,156
51$8,564,436$2,465,813$1,631,850$5,242,056
52$9,394,038$2,542,667$1,642,546$5,655,488
53$10,306,875$2,621,903$1,652,216$6,108,006
54$11,311,392$2,703,592$1,660,782$6,603,524
55$12,416,896$2,787,810$1,668,160$7,146,355
56$13,633,642$2,874,635$1,674,266$7,741,250
57$14,972,928$2,964,147$1,679,008$8,393,442
58$16,447,203$3,056,427$1,682,291$9,108,698
59$18,070,186$3,151,560$1,684,016$9,893,369
60$19,856,993$3,249,634$1,684,079$10,754,457
61$21,824,278$3,350,738$1,682,368$11,699,673
62$23,990,396$3,454,966$1,678,768$12,737,513
63$26,375,569$3,562,412$1,673,160$13,877,339
64$29,002,082$3,673,175$1,665,415$15,129,467
65$31,894,489$3,787,355$1,655,402$16,505,263
66$35,079,849$3,905,058$1,642,980$18,017,250
67$38,587,978$4,026,390$1,628,003$19,679,228
68$42,451,730$4,151,461$1,610,320$21,506,403
69$46,707,310$4,280,386$1,589,769$23,515,529
70$51,394,612$4,413,282$1,566,183$25,725,069
71$56,557,599$4,550,269$1,539,387$28,155,366
72$62,244,714$4,691,472$1,509,196$30,828,838
73$68,509,338$4,837,018$1,475,418$33,770,187
74$75,410,298$4,987,039$1,437,852$37,006,633
75$83,012,416$5,141,671$1,396,287$40,568,171
76$91,387,123$5,301,054$1,350,503$44,487,855
77$100,613,134$5,465,331$1,300,270$48,802,107
78$110,777,192$5,634,649$1,245,347$53,551,065
79$121,974,881$5,809,162$1,185,481$58,778,955
80$134,311,534$5,989,027$1,120,410$64,534,518
81$147,903,225$6,174,404$1,049,858$70,871,462
82$162,877,864$6,365,459$973,539$77,848,972
83$179,376,404$6,562,365$891,150$85,532,269
84$197,554,173$6,765,296$802,379$93,993,224
85$217,582,337$6,974,435$706,898$103,311,039
86$239,649,520$7,189,966$604,363$113,572,992
87$263,963,580$7,412,083$494,418$124,875,262
88$290,753,572$7,640,983$376,689$137,323,839
89$320,271,914$7,876,869$250,785$151,035,519
90$352,796,763$8,119,949$116,300$166,139,014
91$388,634,646$8,370,440$0$182,776,161
92$428,123,351$8,628,562$0$201,110,525
93$471,635,114$8,894,543$0$221,340,669
94$519,580,137$9,168,617$0$243,625,476
95$572,410,457$9,451,025$0$268,174,250
96$630,624,214$9,742,016$0$295,217,634
97$694,770,353$10,041,844$0$325,009,788
98$765,453,806$10,350,771$0$357,830,791
99$843,341,202$10,669,067$0$393,989,276
100$929,167,163$10,997,009$0$433,825,351