Can I retire at age 30 with 930,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$76,799$76,114$75,447$74,796$74,160$71,614
2 years$38,019$37,311$36,625$35,959$35,314$32,775
3 years$25,094$24,383$23,699$23,040$22,405$19,952
4 years$18,633$17,924$17,247$16,599$15,979$13,632
5 years$14,757$14,053$13,384$12,749$12,147$9,912
6 years$12,175$11,475$10,816$10,196$9,612$7,490
7 years$10,330$9,637$8,988$8,383$7,817$5,808
8 years$8,948$8,261$7,623$7,032$6,485$4,587
9 years$7,873$7,192$6,566$5,990$5,461$3,673
10 years$7,014$6,340$5,724$5,163$4,653$2,971
11 years$6,311$5,644$5,039$4,493$4,002$2,422
12 years$5,726$5,066$4,472$3,941$3,468$1,987
13 years$5,231$4,578$3,996$3,480$3,024$1,639
14 years$4,808$4,161$3,590$3,089$2,651$1,357
15 years$4,441$3,801$3,241$2,755$2,334$1,127
16 years$4,120$3,488$2,939$2,467$2,063$938
17 years$3,838$3,212$2,674$2,216$1,829$783
18 years$3,587$2,968$2,441$1,997$1,626$655
19 years$3,362$2,751$2,235$1,805$1,450$548
20 years$3,161$2,556$2,051$1,634$1,295$460
21 years$2,979$2,381$1,887$1,483$1,159$386
22 years$2,813$2,222$1,739$1,349$1,039$324
23 years$2,662$2,079$1,605$1,228$932$273
24 years$2,524$1,948$1,485$1,120$838$229
25 years$2,398$1,828$1,375$1,023$754$193
26 years$2,281$1,718$1,275$935$679$162
27 years$2,173$1,617$1,184$856$612$137
28 years$2,073$1,523$1,101$785$553$115
29 years$1,980$1,437$1,025$719$499$97
30 years$1,893$1,357$954$660$451$82
31 years$1,812$1,283$890$606$408$69
32 years$1,736$1,214$830$557$369$58
33 years$1,665$1,150$775$512$334$49
34 years$1,599$1,090$724$472$302$41
35 years$1,536$1,033$677$434$274$35
36 years$1,477$981$633$400$248$29
37 years$1,421$932$593$368$225$25
38 years$1,369$885$555$339$204$21
39 years$1,319$842$520$313$185$18
40 years$1,271$801$488$289$168$15
41 years$1,227$762$457$266$152$13
42 years$1,184$726$429$246$138$11
43 years$1,144$692$402$227$125$9
44 years$1,105$659$378$210$114$8
45 years$1,068$629$355$194$103$6
46 years$1,033$600$333$179$94$5
47 years$1,000$573$313$165$85$5
48 years$968$547$294$153$77$4
49 years$937$522$276$141$70$3
50 years$908$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $930,000, adding $2,297 every year, while hoping to spend $22,324 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: 28/50/22 Blend
29$930,000$930,000$930,000$930,000
30$1,027,229$977,939$963,524$1,048,824
31$1,108,254$1,002,106$972,050$1,090,018
32$1,196,795$1,026,708$980,113$1,132,120
33$1,293,596$1,051,744$987,674$1,176,887
34$1,399,474$1,077,211$994,692$1,224,558
35$1,515,331$1,103,105$1,001,125$1,275,400
36$1,642,158$1,129,420$1,006,926$1,329,706
37$1,781,047$1,156,151$1,012,047$1,387,799
38$1,933,202$1,183,291$1,016,439$1,450,036
39$2,099,947$1,210,831$1,020,048$1,516,808
40$2,282,742$1,238,761$1,022,820$1,588,549
41$2,483,192$1,267,071$1,024,695$1,665,735
42$2,703,068$1,295,748$1,025,612$1,748,891
43$2,944,319$1,324,777$1,025,508$1,838,597
44$3,209,092$1,354,144$1,024,315$1,935,493
45$3,499,752$1,383,830$1,021,962$2,040,281
46$3,818,904$1,413,815$1,018,376$2,153,741
47$4,169,418$1,444,078$1,013,478$2,276,727
48$4,554,456$1,474,595$1,007,186$2,410,184
49$4,977,500$1,505,340$999,417$2,555,154
50$5,442,388$1,536,284$990,079$2,712,786
51$5,953,344$1,567,395$979,080$2,884,345
52$6,515,028$1,598,639$966,321$3,071,229
53$7,132,567$1,629,979$951,700$3,274,977
54$7,811,616$1,661,375$935,109$3,497,288
55$8,558,400$1,692,782$916,435$3,740,036
56$9,379,782$1,724,153$895,560$4,005,284
57$10,283,320$1,755,437$872,361$4,295,312
58$11,277,343$1,786,578$846,710$4,612,629
59$12,371,028$1,817,516$818,470$4,960,007
60$13,574,485$1,848,187$787,502$5,340,500
61$14,898,856$1,878,521$753,657$5,757,474
62$16,356,416$1,908,445$716,781$6,214,644
63$17,960,690$1,937,879$676,712$6,716,104
64$19,726,581$1,966,736$633,283$7,266,371
65$21,670,511$1,994,925$586,317$7,870,422
66$23,810,575$2,022,347$535,630$8,533,748
67$26,166,709$2,048,898$481,029$9,262,402
68$28,760,884$2,074,464$422,314$10,063,058
69$31,617,308$2,098,927$359,275$10,943,076
70$34,762,655$2,122,156$291,693$11,910,569
71$38,226,320$2,144,016$219,339$12,974,484
72$42,040,692$2,164,360$141,974$14,144,683
73$46,241,461$2,183,032$59,349$15,432,040
74$50,867,957$2,199,867$0$16,848,546
75$55,963,515$2,214,688$0$18,414,185
76$61,575,892$2,227,306$0$20,152,069
77$67,757,711$2,237,521$0$22,064,385
78$74,566,958$2,245,121$0$24,168,912
79$82,067,535$2,249,879$0$26,485,250
80$90,329,856$2,251,555$0$29,034,997
81$99,431,513$2,249,893$0$31,841,961
82$109,458,011$2,244,622$0$34,932,384
83$120,503,574$2,235,454$0$38,335,187
84$132,672,031$2,222,084$0$42,082,246
85$146,077,798$2,204,186$0$46,208,697
86$160,846,961$2,181,418$0$50,753,261
87$177,118,458$2,153,415$0$55,758,619
88$195,045,400$2,119,791$0$61,271,811
89$214,796,506$2,080,137$0$67,344,682
90$236,557,704$2,034,018$0$74,034,373
91$260,533,881$1,980,976$0$81,403,863
92$286,950,818$1,920,524$0$89,522,563
93$316,057,320$1,852,149$0$98,466,974
94$348,127,567$1,775,305$0$108,321,410
95$383,463,700$1,689,416$0$119,178,798
96$422,398,673$1,593,873$0$131,141,552
97$465,299,397$1,488,031$0$144,322,547
98$512,570,199$1,371,209$0$158,846,186
99$564,656,647$1,242,686$0$174,849,572
100$622,049,748$1,101,701$0$192,483,811