Can I retire at age 30 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$76,881$76,196$75,528$74,876$74,239$72,740
2 years$38,060$37,351$36,664$35,998$35,352$33,848
3 years$25,121$24,409$23,724$23,064$22,429$20,967
4 years$18,653$17,943$17,265$16,617$15,996$14,589
5 years$14,773$14,068$13,398$12,763$12,160$10,810
6 years$12,188$11,487$10,828$10,207$9,622$8,331
7 years$10,341$9,647$8,998$8,392$7,825$6,593
8 years$8,957$8,269$7,631$7,039$6,492$5,319
9 years$7,882$7,200$6,573$5,996$5,467$4,352
10 years$7,021$6,346$5,730$5,169$4,658$3,600
11 years$6,318$5,650$5,045$4,498$4,006$3,004
12 years$5,732$5,071$4,477$3,946$3,472$2,524
13 years$5,237$4,583$4,000$3,483$3,027$2,132
14 years$4,813$4,166$3,594$3,092$2,654$1,809
15 years$4,446$3,805$3,245$2,758$2,337$1,541
16 years$4,125$3,491$2,942$2,469$2,065$1,317
17 years$3,842$3,215$2,677$2,219$1,831$1,129
18 years$3,591$2,971$2,444$1,999$1,628$969
19 years$3,366$2,754$2,237$1,807$1,451$834
20 years$3,164$2,559$2,053$1,636$1,296$719
21 years$2,982$2,383$1,889$1,485$1,160$620
22 years$2,816$2,225$1,741$1,350$1,040$536
23 years$2,665$2,081$1,607$1,230$933$463
24 years$2,527$1,950$1,486$1,121$839$401
25 years$2,400$1,830$1,377$1,024$755$347
26 years$2,283$1,720$1,277$936$680$301
27 years$2,175$1,618$1,186$857$613$261
28 years$2,075$1,525$1,102$785$553$226
29 years$1,982$1,439$1,026$720$499$197
30 years$1,895$1,359$955$661$451$171
31 years$1,814$1,284$891$607$408$148
32 years$1,738$1,215$831$558$369$129
33 years$1,667$1,151$776$513$334$112
34 years$1,601$1,091$725$472$302$97
35 years$1,538$1,035$678$435$274$85
36 years$1,479$982$634$400$248$74
37 years$1,423$933$593$369$225$64
38 years$1,370$886$556$340$204$56
39 years$1,320$843$521$313$185$48
40 years$1,273$802$488$289$168$42
41 years$1,228$763$458$267$152$37
42 years$1,185$727$429$246$138$32
43 years$1,145$693$403$227$125$28
44 years$1,106$660$378$210$114$24
45 years$1,069$630$355$194$103$21
46 years$1,034$601$333$179$94$18
47 years$1,001$573$313$165$85$16
48 years$969$547$294$153$77$14
49 years$938$522$277$141$70$12
50 years$909$499$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $931,000, adding $4,775 every year, while hoping to spend $22,429 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: 44/46/10 Blend
29$931,000$931,000$931,000$931,000
30$1,030,887$981,544$967,114$1,073,094
31$1,112,174$1,005,776$975,648$1,127,120
32$1,200,999$1,030,443$983,716$1,182,980
33$1,298,110$1,055,543$991,279$1,243,015
34$1,404,326$1,081,073$998,296$1,307,618
35$1,520,551$1,107,030$1,004,722$1,377,221
36$1,647,780$1,133,407$1,010,513$1,452,298
37$1,787,108$1,160,199$1,015,621$1,533,374
38$1,939,743$1,187,398$1,019,993$1,621,024
39$2,107,012$1,214,996$1,023,578$1,715,883
40$2,290,379$1,242,983$1,026,320$1,818,651
41$2,491,456$1,271,347$1,028,160$1,930,096
42$2,712,018$1,300,076$1,029,037$2,051,068
43$2,954,019$1,329,156$1,028,886$2,182,501
44$3,219,614$1,358,570$1,027,638$2,325,425
45$3,511,175$1,388,300$1,025,224$2,480,973
46$3,831,315$1,418,326$1,021,569$2,650,396
47$4,182,912$1,448,627$1,016,594$2,835,070
48$4,569,137$1,479,178$1,010,218$3,036,513
49$4,993,483$1,509,952$1,002,355$3,256,397
50$5,459,799$1,540,920$992,915$3,496,565
51$5,972,324$1,572,051$981,803$3,759,048
52$6,535,729$1,603,309$968,921$4,046,082
53$7,155,159$1,634,657$954,166$4,360,135
54$7,836,284$1,666,054$937,429$4,703,925
55$8,585,350$1,697,455$918,597$5,080,447
56$9,409,237$1,728,813$897,553$5,493,001
57$10,315,530$1,760,074$874,170$5,945,228
58$11,312,580$1,791,184$848,321$6,441,138
59$12,409,592$1,822,082$819,870$6,985,149
60$13,616,709$1,852,702$788,673$7,582,134
61$14,945,104$1,882,975$754,584$8,237,461
62$16,407,088$1,912,825$717,447$8,957,049
63$18,016,229$1,942,171$677,100$9,747,419
64$19,787,475$1,970,928$633,372$10,615,761
65$21,737,295$1,999,001$586,089$11,569,998
66$23,883,840$2,026,293$535,063$12,618,863
67$26,247,106$2,052,695$480,102$13,771,981
68$28,849,130$2,078,096$421,004$15,039,962
69$31,714,191$2,102,373$357,558$16,434,498
70$34,869,047$2,125,397$289,544$17,968,478
71$38,343,177$2,147,030$216,732$19,656,106
72$42,169,070$2,167,123$138,881$21,513,039
73$46,382,523$2,185,520$55,741$23,556,532
74$51,022,983$2,202,052$0$25,805,606
75$56,133,916$2,216,543$0$28,284,741
76$61,763,223$2,228,801$0$31,020,098
77$67,963,684$2,238,624$0$34,031,219
78$74,793,462$2,245,798$0$37,346,201
79$82,316,647$2,250,094$0$40,996,011
80$90,603,866$2,251,270$0$45,014,777
81$99,732,945$2,249,067$0$49,440,110
82$109,789,647$2,243,213$0$54,313,462
83$120,868,476$2,233,415$0$59,680,518
84$133,073,574$2,219,366$0$65,591,625
85$146,519,703$2,200,740$0$72,102,268
86$161,333,324$2,177,188$0$79,273,602
87$177,653,797$2,148,343$0$87,173,019
88$195,634,688$2,113,816$0$95,874,794
89$215,445,227$2,073,193$0$105,460,782
90$237,271,898$2,026,038$0$116,021,196
91$261,320,204$1,971,887$0$127,655,456
92$287,816,605$1,910,249$0$140,473,131
93$317,010,653$1,840,606$0$154,594,973
94$349,177,352$1,762,408$0$170,154,061
95$384,619,751$1,675,074$0$187,297,056
96$423,671,802$1,577,990$0$206,185,589
97$466,701,519$1,470,505$0$226,997,789
98$514,114,446$1,351,931$0$249,929,963
99$566,357,487$1,221,543$0$275,198,455
100$623,923,123$1,078,572$0$303,041,690