Can I retire at age 30 with 930,000?

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 $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%14.7%
1 years$76,799$76,114$75,447$74,796$74,160$72,722
2 years$38,019$37,311$36,625$35,959$35,314$33,871
3 years$25,094$24,383$23,699$23,040$22,405$21,002
4 years$18,633$17,924$17,247$16,599$15,979$14,627
5 years$14,757$14,053$13,384$12,749$12,147$10,850
6 years$12,175$11,475$10,816$10,196$9,612$8,371
7 years$10,330$9,637$8,988$8,383$7,817$6,632
8 years$8,948$8,261$7,623$7,032$6,485$5,356
9 years$7,873$7,192$6,566$5,990$5,461$4,388
10 years$7,014$6,340$5,724$5,163$4,653$3,635
11 years$6,311$5,644$5,039$4,493$4,002$3,036
12 years$5,726$5,066$4,472$3,941$3,468$2,554
13 years$5,231$4,578$3,996$3,480$3,024$2,161
14 years$4,808$4,161$3,590$3,089$2,651$1,836
15 years$4,441$3,801$3,241$2,755$2,334$1,566
16 years$4,120$3,488$2,939$2,467$2,063$1,341
17 years$3,838$3,212$2,674$2,216$1,829$1,150
18 years$3,587$2,968$2,441$1,997$1,626$989
19 years$3,362$2,751$2,235$1,805$1,450$852
20 years$3,161$2,556$2,051$1,634$1,295$736
21 years$2,979$2,381$1,887$1,483$1,159$636
22 years$2,813$2,222$1,739$1,349$1,039$550
23 years$2,662$2,079$1,605$1,228$932$476
24 years$2,524$1,948$1,485$1,120$838$413
25 years$2,398$1,828$1,375$1,023$754$358
26 years$2,281$1,718$1,275$935$679$311
27 years$2,173$1,617$1,184$856$612$270
28 years$2,073$1,523$1,101$785$553$235
29 years$1,980$1,437$1,025$719$499$204
30 years$1,893$1,357$954$660$451$178
31 years$1,812$1,283$890$606$408$154
32 years$1,736$1,214$830$557$369$134
33 years$1,665$1,150$775$512$334$117
34 years$1,599$1,090$724$472$302$102
35 years$1,536$1,033$677$434$274$89
36 years$1,477$981$633$400$248$77
37 years$1,421$932$593$368$225$67
38 years$1,369$885$555$339$204$59
39 years$1,319$842$520$313$185$51
40 years$1,271$801$488$289$168$44
41 years$1,227$762$457$266$152$39
42 years$1,184$726$429$246$138$34
43 years$1,144$692$402$227$125$29
44 years$1,105$659$378$210$114$26
45 years$1,068$629$355$194$103$22
46 years$1,033$600$333$179$94$19
47 years$1,000$573$313$165$85$17
48 years$968$547$294$153$77$15
49 years$937$522$276$141$70$13
50 years$908$499$260$130$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $930,000, adding $3,048 every year, while hoping to spend $58,889 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: 49/28/23 Blend
29$930,000$930,000$930,000$930,000
30$1,028,004$978,714$964,299$1,071,564
31$1,070,203$964,014$933,946$1,087,516
32$1,114,733$946,619$900,602$1,098,667
33$1,161,768$926,336$864,105$1,109,578
34$1,211,502$902,960$824,285$1,120,251
35$1,264,141$876,272$780,966$1,130,694
36$1,319,916$846,041$733,960$1,140,918
37$1,379,075$812,025$683,076$1,150,941
38$1,441,891$773,964$628,109$1,160,785
39$1,508,662$731,587$568,848$1,170,481
40$1,579,714$684,603$505,073$1,180,069
41$1,655,404$632,708$436,553$1,189,596
42$1,736,124$575,578$363,045$1,199,122
43$1,822,300$512,873$284,299$1,208,717
44$1,914,403$444,232$200,051$1,218,468
45$2,012,946$369,274$110,027$1,228,474
46$2,118,494$287,596$13,940$1,238,855
47$2,231,665$198,773$0$1,249,748
48$2,353,137$102,355$0$1,283,057
49$2,483,656$0$0$1,322,289
50$2,624,039$0$0$1,364,969
51$2,775,182$0$0$1,444,947
52$2,938,072$0$0$1,531,216
53$3,113,792$0$0$1,624,359
54$3,303,529$0$0$1,725,018
55$3,508,593$0$0$1,833,895
56$3,730,418$0$0$1,951,764
57$3,970,583$0$0$2,079,477
58$4,230,825$0$0$2,217,969
59$4,513,051$0$0$2,368,268
60$4,819,361$0$0$2,531,506
61$5,152,063$0$0$2,708,926
62$5,513,696$0$0$2,901,899
63$5,907,054$0$0$3,111,929
64$6,335,209$0$0$3,340,675
65$6,801,544$0$0$3,589,960
66$7,309,779$0$0$3,861,791
67$7,864,011$0$0$4,158,376
68$8,468,745$0$0$4,482,148
69$9,128,945$0$0$4,835,782
70$9,850,072$0$0$5,222,226
71$10,638,138$0$0$5,644,722
72$11,499,762$0$0$6,106,843
73$12,442,233$0$0$6,612,520
74$13,473,574$0$0$7,166,084
75$14,602,623$0$0$7,772,302
76$15,839,110$0$0$8,436,426
77$17,193,749$0$0$9,164,238
78$18,678,342$0$0$9,962,107
79$20,305,884$0$0$10,837,047
80$22,090,689$0$0$11,796,783
81$24,048,523$0$0$12,849,824
82$26,196,751$0$0$14,005,543
83$28,554,499$0$0$15,274,265
84$31,142,836$0$0$16,667,360
85$33,984,971$0$0$18,197,358
86$37,106,469$0$0$19,878,058
87$40,535,493$0$0$21,724,664
88$44,303,068$0$0$23,753,923
89$48,443,375$0$0$25,984,287
90$52,994,066$0$0$28,436,083
91$57,996,626$0$0$31,131,706
92$63,496,759$0$0$34,095,830
93$69,544,815$0$0$37,355,639
94$76,196,272$0$0$40,941,082
95$83,512,252$0$0$44,885,158
96$91,560,095$0$0$49,224,224
97$100,414,001$0$0$53,998,340
98$110,155,721$0$0$59,251,643
99$120,875,331$0$0$65,032,765
100$132,672,078$0$0$71,395,291