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%13.8%
1 years$76,799$76,114$75,447$74,796$74,160$72,991
2 years$38,019$37,311$36,625$35,959$35,314$34,140
3 years$25,094$24,383$23,699$23,040$22,405$21,261
4 years$18,633$17,924$17,247$16,599$15,979$14,875
5 years$14,757$14,053$13,384$12,749$12,147$11,086
6 years$12,175$11,475$10,816$10,196$9,612$8,595
7 years$10,330$9,637$8,988$8,383$7,817$6,844
8 years$8,948$8,261$7,623$7,032$6,485$5,556
9 years$7,873$7,192$6,566$5,990$5,461$4,577
10 years$7,014$6,340$5,724$5,163$4,653$3,812
11 years$6,311$5,644$5,039$4,493$4,002$3,202
12 years$5,726$5,066$4,472$3,941$3,468$2,710
13 years$5,231$4,578$3,996$3,480$3,024$2,306
14 years$4,808$4,161$3,590$3,089$2,651$1,971
15 years$4,441$3,801$3,241$2,755$2,334$1,692
16 years$4,120$3,488$2,939$2,467$2,063$1,457
17 years$3,838$3,212$2,674$2,216$1,829$1,259
18 years$3,587$2,968$2,441$1,997$1,626$1,089
19 years$3,362$2,751$2,235$1,805$1,450$945
20 years$3,161$2,556$2,051$1,634$1,295$821
21 years$2,979$2,381$1,887$1,483$1,159$714
22 years$2,813$2,222$1,739$1,349$1,039$622
23 years$2,662$2,079$1,605$1,228$932$543
24 years$2,524$1,948$1,485$1,120$838$474
25 years$2,398$1,828$1,375$1,023$754$414
26 years$2,281$1,718$1,275$935$679$362
27 years$2,173$1,617$1,184$856$612$317
28 years$2,073$1,523$1,101$785$553$277
29 years$1,980$1,437$1,025$719$499$243
30 years$1,893$1,357$954$660$451$213
31 years$1,812$1,283$890$606$408$187
32 years$1,736$1,214$830$557$369$164
33 years$1,665$1,150$775$512$334$143
34 years$1,599$1,090$724$472$302$126
35 years$1,536$1,033$677$434$274$110
36 years$1,477$981$633$400$248$97
37 years$1,421$932$593$368$225$85
38 years$1,369$885$555$339$204$75
39 years$1,319$842$520$313$185$66
40 years$1,271$801$488$289$168$58
41 years$1,227$762$457$266$152$51
42 years$1,184$726$429$246$138$44
43 years$1,144$692$402$227$125$39
44 years$1,105$659$378$210$114$34
45 years$1,068$629$355$194$103$30
46 years$1,033$600$333$179$94$26
47 years$1,000$573$313$165$85$23
48 years$968$547$294$153$77$20
49 years$937$522$276$141$70$18
50 years$908$499$260$130$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $930,000, adding $2,370 every year, while hoping to spend $58,247 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: 43/33/24 Blend
29$930,000$930,000$930,000$930,000
30$1,027,305$978,015$963,600$1,064,203
31$1,070,115$963,963$933,906$1,076,645
32$1,115,341$947,271$901,265$1,084,333
33$1,163,165$927,747$865,517$1,091,507
34$1,213,791$905,189$826,495$1,098,150
35$1,267,437$879,383$784,022$1,104,249
36$1,324,346$850,103$737,917$1,109,794
37$1,384,780$817,109$687,988$1,114,780
38$1,449,026$780,146$634,034$1,119,206
39$1,517,400$738,946$575,848$1,123,076
40$1,590,247$693,226$513,210$1,126,402
41$1,667,942$642,685$445,894$1,129,202
42$1,750,901$587,005$373,660$1,131,502
43$1,839,576$525,851$296,260$1,133,341
44$1,934,463$458,869$213,435$1,134,765
45$2,036,107$385,682$124,914$1,135,837
46$2,145,105$305,895$30,414$1,136,633
47$2,262,113$219,091$0$1,137,244
48$2,387,848$124,826$0$1,155,820
49$2,523,101$22,635$0$1,183,940
50$2,668,738$0$0$1,214,048
51$2,825,711$0$0$1,278,360
52$2,995,066$0$0$1,356,701
53$3,177,950$0$0$1,441,392
54$3,375,626$0$0$1,533,031
55$3,589,481$0$0$1,632,272
56$3,821,040$0$0$1,739,836
57$4,071,978$0$0$1,856,516
58$4,344,141$0$0$1,983,182
59$4,639,553$0$0$2,120,793
60$4,960,445$0$0$2,270,403
61$5,309,270$0$0$2,433,173
62$5,688,725$0$0$2,610,377
63$6,101,778$0$0$2,803,420
64$6,551,696$0$0$3,013,847
65$7,042,073$0$0$3,243,359
66$7,576,865$0$0$3,493,827
67$8,160,426$0$0$3,767,312
68$8,797,547$0$0$4,066,081
69$9,493,504$0$0$4,392,631
70$10,254,106$0$0$4,749,712
71$11,085,745$0$0$5,140,350
72$11,995,461$0$0$5,567,877
73$12,991,006$0$0$6,035,962
74$14,080,915$0$0$6,548,648
75$15,274,586$0$0$7,110,383
76$16,582,371$0$0$7,726,070
77$18,015,667$0$0$8,401,105
78$19,587,030$0$0$9,141,433
79$21,310,285$0$0$9,953,602
80$23,200,661$0$0$10,844,824
81$25,274,933$0$0$11,823,044
82$27,551,577$0$0$12,897,012
83$30,050,944$0$0$14,076,367
84$32,795,453$0$0$15,371,727
85$35,809,801$0$0$16,794,791
86$39,121,192$0$0$18,358,445
87$42,759,597$0$0$20,076,884
88$46,758,033$0$0$21,965,750
89$51,152,873$0$0$24,042,272
90$55,984,191$0$0$26,325,434
91$61,296,136$0$0$28,836,150
92$67,137,348$0$0$31,597,463
93$73,561,417$0$0$34,634,761
94$80,627,388$0$0$37,976,016
95$88,400,312$0$0$41,652,047
96$96,951,866$0$0$45,696,810
97$106,361,023$0$0$50,147,722
98$116,714,796$0$0$55,046,006
99$128,109,059$0$0$60,437,087
100$140,649,452$0$0$66,371,015