Can I retire at age 30 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$109,004$108,033$107,086$106,161$105,259$101,082
2 years$53,963$52,958$51,984$51,039$50,123$45,967
3 years$35,618$34,608$33,637$32,701$31,800$27,796
4 years$26,447$25,441$24,479$23,559$22,680$18,858
5 years$20,946$19,946$18,997$18,096$17,241$13,610
6 years$17,280$16,287$15,352$14,471$13,642$10,205
7 years$14,662$13,678$12,758$11,898$11,095$7,850
8 years$12,700$11,725$10,820$9,981$9,204$6,149
9 years$11,175$10,208$9,319$8,501$7,751$4,881
10 years$9,955$8,998$8,124$7,328$6,604$3,913
11 years$8,958$8,011$7,153$6,378$5,680$3,162
12 years$8,127$7,190$6,348$5,594$4,922$2,570
13 years$7,425$6,498$5,671$4,939$4,292$2,099
14 years$6,824$5,906$5,096$4,384$3,763$1,721
15 years$6,303$5,395$4,601$3,910$3,313$1,415
16 years$5,848$4,950$4,171$3,501$2,928$1,167
17 years$5,447$4,559$3,796$3,146$2,596$964
18 years$5,091$4,213$3,465$2,835$2,308$797
19 years$4,772$3,904$3,172$2,561$2,057$661
20 years$4,486$3,628$2,911$2,320$1,838$548
21 years$4,228$3,379$2,678$2,105$1,645$455
22 years$3,993$3,154$2,468$1,914$1,474$378
23 years$3,779$2,950$2,279$1,743$1,323$314
24 years$3,583$2,764$2,107$1,590$1,189$262
25 years$3,403$2,594$1,952$1,452$1,070$218
26 years$3,237$2,438$1,810$1,328$964$181
27 years$3,084$2,294$1,681$1,215$869$151
28 years$2,942$2,162$1,563$1,114$784$126
29 years$2,810$2,040$1,454$1,021$708$105
30 years$2,687$1,926$1,355$937$640$87
31 years$2,572$1,821$1,263$861$579$73
32 years$2,465$1,723$1,178$791$523$61
33 years$2,364$1,632$1,100$727$474$51
34 years$2,269$1,546$1,028$669$429$42
35 years$2,180$1,467$961$616$388$35
36 years$2,096$1,392$899$567$352$29
37 years$2,017$1,322$841$523$319$24
38 years$1,943$1,257$788$482$289$20
39 years$1,872$1,195$738$444$262$17
40 years$1,805$1,137$692$410$238$14
41 years$1,741$1,082$649$378$216$12
42 years$1,681$1,031$609$349$196$10
43 years$1,623$982$571$322$178$8
44 years$1,568$936$536$297$161$7
45 years$1,516$893$503$275$146$6
46 years$1,466$852$473$254$133$5
47 years$1,419$813$444$234$121$4
48 years$1,374$776$417$217$110$3
49 years$1,330$741$392$200$100$3
50 years$1,289$708$369$185$90$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,320,000, adding $6,212 every year, while hoping to spend $49,856 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: 53/17/30 Blend
29$1,320,000$1,320,000$1,320,000$1,320,000
30$1,461,048$1,391,088$1,370,628$1,525,911
31$1,557,028$1,406,205$1,363,497$1,586,761
32$1,661,128$1,420,391$1,354,457$1,647,410
33$1,774,122$1,433,549$1,343,390$1,712,445
34$1,896,863$1,445,575$1,330,175$1,782,309
35$2,030,291$1,456,355$1,314,683$1,857,491
36$2,175,436$1,465,772$1,296,781$1,938,530
37$2,333,435$1,473,699$1,276,327$2,026,024
38$2,505,537$1,480,002$1,253,176$2,120,634
39$2,693,117$1,484,538$1,227,173$2,223,089
40$2,897,689$1,487,154$1,198,157$2,334,197
41$3,120,918$1,487,690$1,165,960$2,454,849
42$3,364,638$1,485,973$1,130,407$2,586,032
43$3,630,868$1,481,822$1,091,311$2,728,834
44$3,921,828$1,475,043$1,048,482$2,884,460
45$4,239,965$1,465,431$1,001,717$3,054,239
46$4,587,973$1,452,769$950,807$3,239,640
47$4,968,818$1,436,825$895,529$3,442,287
48$5,385,763$1,417,356$835,656$3,663,971
49$5,842,406$1,394,101$770,946$3,906,673
50$6,342,707$1,366,787$701,147$4,172,578
51$6,891,026$1,335,123$625,999$4,464,101
52$7,492,166$1,298,800$545,225$4,783,907
53$8,151,418$1,257,492$458,541$5,134,939
54$8,874,607$1,210,854$365,647$5,520,446
55$9,668,152$1,158,520$266,231$5,944,014
56$10,539,121$1,100,105$159,967$6,409,603
57$11,495,301$1,035,200$46,516$6,921,581
58$12,545,268$963,371$0$7,484,773
59$13,698,472$884,163$0$8,128,365
60$14,965,320$797,091$0$8,851,807
61$16,357,279$701,645$0$9,646,797
62$17,886,981$597,285$0$10,520,618
63$19,568,343$483,442$0$11,481,294
64$21,416,696$359,512$0$12,537,672
65$23,448,930$224,860$0$13,699,501
66$25,683,656$78,813$0$14,977,531
67$28,141,377$0$0$16,383,609
68$30,844,682$0$0$17,945,635
69$33,818,459$0$0$19,680,310
70$37,090,132$0$0$21,588,904
71$40,689,915$0$0$23,689,064
72$44,651,097$0$0$26,000,229
73$49,010,362$0$0$28,543,822
74$53,808,124$0$0$31,343,446
75$59,088,916$0$0$34,425,109
76$64,901,810$0$0$37,817,466
77$71,300,871$0$0$41,552,096
78$78,345,678$0$0$45,663,792
79$86,101,877$0$0$50,190,892
80$94,641,804$0$0$55,175,642
81$104,045,166$0$0$60,664,592
82$114,399,793$0$0$66,709,039
83$125,802,465$0$0$73,365,503
84$138,359,827$0$0$80,696,270
85$152,189,394$0$0$88,769,970
86$167,420,658$0$0$97,662,232
87$184,196,311$0$0$107,456,394
88$202,673,591$0$0$118,244,287
89$223,025,765$0$0$130,127,106
90$245,443,764$0$0$143,216,363
91$270,137,985$0$0$157,634,938
92$297,340,273$0$0$173,518,238
93$327,306,113$0$0$191,015,477
94$360,317,038$0$0$210,291,084
95$396,683,288$0$0$231,526,251
96$436,746,733$0$0$254,920,649
97$480,884,105$0$0$280,694,304
98$529,510,548$0$0$309,089,682
99$583,083,541$0$0$340,373,973
100$642,107,212$0$0$374,841,611