Can I retire at age 30 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$107,353$106,397$105,464$104,553$103,664$101,821
2 years$53,145$52,155$51,196$50,266$49,364$47,513
3 years$35,078$34,084$33,127$32,206$31,318$29,518
4 years$26,046$25,055$24,108$23,202$22,337$20,600
5 years$20,629$19,644$18,709$17,822$16,980$15,312
6 years$17,018$16,041$15,120$14,252$13,436$11,839
7 years$14,440$13,471$12,564$11,718$10,927$9,402
8 years$12,508$11,547$10,656$9,830$9,065$7,610
9 years$11,005$10,054$9,178$8,373$7,634$6,250
10 years$9,804$8,862$8,001$7,217$6,504$5,189
11 years$8,822$7,889$7,044$6,281$5,594$4,346
12 years$8,004$7,081$6,252$5,509$4,848$3,666
13 years$7,313$6,399$5,585$4,864$4,227$3,109
14 years$6,720$5,817$5,018$4,318$3,706$2,649
15 years$6,208$5,314$4,531$3,851$3,263$2,266
16 years$5,759$4,875$4,108$3,448$2,884$1,945
17 years$5,364$4,490$3,738$3,098$2,557$1,674
18 years$5,014$4,149$3,412$2,792$2,273$1,443
19 years$4,700$3,845$3,124$2,523$2,026$1,247
20 years$4,418$3,573$2,867$2,285$1,810$1,080
21 years$4,164$3,328$2,637$2,074$1,620$936
22 years$3,932$3,107$2,430$1,885$1,452$812
23 years$3,722$2,906$2,244$1,717$1,303$706
24 years$3,529$2,722$2,075$1,566$1,171$614
25 years$3,352$2,555$1,922$1,430$1,054$534
26 years$3,188$2,401$1,783$1,308$949$465
27 years$3,037$2,260$1,655$1,197$856$405
28 years$2,897$2,129$1,539$1,097$772$353
29 years$2,767$2,009$1,432$1,006$697$308
30 years$2,646$1,897$1,334$923$630$269
31 years$2,533$1,793$1,244$848$570$235
32 years$2,427$1,697$1,160$779$515$205
33 years$2,328$1,607$1,083$716$466$179
34 years$2,235$1,523$1,012$659$422$156
35 years$2,147$1,445$946$607$382$137
36 years$2,065$1,371$885$559$347$119
37 years$1,987$1,302$829$515$314$104
38 years$1,913$1,238$776$475$285$91
39 years$1,843$1,177$727$438$258$80
40 years$1,777$1,120$681$404$234$70
41 years$1,715$1,066$639$372$212$61
42 years$1,655$1,015$599$344$193$53
43 years$1,598$967$562$317$175$47
44 years$1,545$922$528$293$159$41
45 years$1,493$879$496$271$144$36
46 years$1,444$839$466$250$131$31
47 years$1,398$800$437$231$119$27
48 years$1,353$764$411$213$108$24
49 years$1,310$730$386$197$98$21
50 years$1,269$697$363$182$89$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,300,000, adding $6,957 every year, while hoping to spend $53,063 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: 26/46/28 Blend
29$1,300,000$1,300,000$1,300,000$1,300,000
30$1,439,776$1,370,876$1,350,726$1,464,481
31$1,530,175$1,381,590$1,339,517$1,496,027
32$1,628,015$1,391,051$1,326,154$1,524,863
33$1,734,001$1,399,141$1,310,508$1,554,713
34$1,848,906$1,405,735$1,292,446$1,585,701
35$1,973,579$1,410,701$1,271,828$1,617,966
36$2,108,955$1,413,896$1,248,505$1,651,664
37$2,256,062$1,415,171$1,222,324$1,686,974
38$2,416,033$1,414,367$1,193,124$1,724,096
39$2,590,110$1,411,313$1,160,736$1,763,256
40$2,779,665$1,405,831$1,124,984$1,804,709
41$2,986,203$1,397,728$1,085,683$1,848,741
42$3,211,382$1,386,804$1,042,640$1,895,674
43$3,457,029$1,372,843$995,654$1,945,869
44$3,725,151$1,355,617$944,514$1,999,731
45$4,017,960$1,334,886$888,999$2,057,714
46$4,337,890$1,310,394$828,878$2,120,324
47$4,687,621$1,281,869$763,912$2,188,130
48$5,070,103$1,249,026$693,848$2,261,767
49$5,488,586$1,211,560$618,424$2,341,941
50$5,946,645$1,169,151$537,365$2,429,445
51$6,448,221$1,121,457$450,385$2,525,160
52$6,997,651$1,068,119$357,184$2,630,067
53$7,599,711$1,008,757$257,449$2,745,263
54$8,259,663$942,968$150,855$2,871,966
55$8,983,301$870,325$37,061$3,011,532
56$9,777,006$790,379$0$3,165,470
57$10,647,807$702,655$0$3,360,665
58$11,603,447$606,648$0$3,587,228
59$12,652,453$501,828$0$3,836,261
60$13,804,219$387,634$0$4,110,183
61$15,069,094$263,473$0$4,411,673
62$16,458,477$128,719$0$4,743,693
63$17,984,926$0$0$5,109,522
64$19,662,275$0$0$5,521,537
65$21,505,763$0$0$6,046,203
66$23,532,183$0$0$6,623,170
67$25,760,032$0$0$7,257,736
68$28,209,690$0$0$7,955,737
69$30,903,610$0$0$8,723,601
70$33,866,530$0$0$9,568,414
71$37,125,708$0$0$10,497,980
72$40,711,172$0$0$11,520,900
73$44,656,011$0$0$12,646,650
74$48,996,680$0$0$13,885,671
75$53,773,350$0$0$15,249,467
76$59,030,278$0$0$16,750,715
77$64,816,233$0$0$18,403,384
78$71,184,948$0$0$20,222,864
79$78,195,633$0$0$22,226,114
80$85,913,526$0$0$24,431,822
81$94,410,515$0$0$26,860,580
82$103,765,813$0$0$29,535,077
83$114,066,702$0$0$32,480,317
84$125,409,360$0$0$35,723,850
85$137,899,766$0$0$39,296,035
86$151,654,701$0$0$43,230,326
87$166,802,848$0$0$47,563,587
88$183,486,007$0$0$52,336,440
89$201,860,429$0$0$57,593,646
90$222,098,296$0$0$63,384,533
91$244,389,341$0$0$69,763,454
92$268,942,639$0$0$76,790,307
93$295,988,579$0$0$84,531,095
94$325,781,039$0$0$93,058,551
95$358,599,781$0$0$102,452,824
96$394,753,091$0$0$112,802,235
97$434,580,687$0$0$124,204,111
98$478,456,925$0$0$136,765,704
99$526,794,333$0$0$150,605,203
100$580,047,503$0$0$165,852,846