Can I retire at age 30 with 931,000?

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 $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%11.8%
1 years$76,881$76,196$75,528$74,876$74,239$73,679
2 years$38,060$37,351$36,664$35,998$35,352$34,787
3 years$25,121$24,409$23,724$23,064$22,429$21,877
4 years$18,653$17,943$17,265$16,617$15,996$15,461
5 years$14,773$14,068$13,398$12,763$12,160$11,644
6 years$12,188$11,487$10,828$10,207$9,622$9,125
7 years$10,341$9,647$8,998$8,392$7,825$7,348
8 years$8,957$8,269$7,631$7,039$6,492$6,034
9 years$7,882$7,200$6,573$5,996$5,467$5,029
10 years$7,021$6,346$5,730$5,169$4,658$4,239
11 years$6,318$5,650$5,045$4,498$4,006$3,606
12 years$5,732$5,071$4,477$3,946$3,472$3,090
13 years$5,237$4,583$4,000$3,483$3,027$2,664
14 years$4,813$4,166$3,594$3,092$2,654$2,308
15 years$4,446$3,805$3,245$2,758$2,337$2,008
16 years$4,125$3,491$2,942$2,469$2,065$1,754
17 years$3,842$3,215$2,677$2,219$1,831$1,536
18 years$3,591$2,971$2,444$1,999$1,628$1,349
19 years$3,366$2,754$2,237$1,807$1,451$1,187
20 years$3,164$2,559$2,053$1,636$1,296$1,047
21 years$2,982$2,383$1,889$1,485$1,160$924
22 years$2,816$2,225$1,741$1,350$1,040$818
23 years$2,665$2,081$1,607$1,230$933$724
24 years$2,527$1,950$1,486$1,121$839$642
25 years$2,400$1,830$1,377$1,024$755$570
26 years$2,283$1,720$1,277$936$680$506
27 years$2,175$1,618$1,186$857$613$450
28 years$2,075$1,525$1,102$785$553$400
29 years$1,982$1,439$1,026$720$499$356
30 years$1,895$1,359$955$661$451$317
31 years$1,814$1,284$891$607$408$283
32 years$1,738$1,215$831$558$369$252
33 years$1,667$1,151$776$513$334$225
34 years$1,601$1,091$725$472$302$200
35 years$1,538$1,035$678$435$274$179
36 years$1,479$982$634$400$248$160
37 years$1,423$933$593$369$225$143
38 years$1,370$886$556$340$204$127
39 years$1,320$843$521$313$185$114
40 years$1,273$802$488$289$168$102
41 years$1,228$763$458$267$152$91
42 years$1,185$727$429$246$138$81
43 years$1,145$693$403$227$125$72
44 years$1,106$660$378$210$114$65
45 years$1,069$630$355$194$103$58
46 years$1,034$601$333$179$94$52
47 years$1,001$573$313$165$85$46
48 years$969$547$294$153$77$41
49 years$938$522$277$141$70$37
50 years$909$499$260$130$64$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $931,000, adding $2,816 every year, while hoping to spend $56,199 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: 89/6/5 Blend
29$931,000$931,000$931,000$931,000
30$1,028,867$979,524$965,093$1,120,337
31$1,074,016$967,725$937,629$1,168,438
32$1,121,887$953,465$907,360$1,213,107
33$1,172,697$936,563$874,135$1,260,345
34$1,226,687$916,829$837,793$1,310,368
35$1,284,116$894,060$798,166$1,363,410
36$1,345,270$868,044$755,079$1,419,728
37$1,410,463$838,553$708,349$1,479,607
38$1,480,036$805,348$657,785$1,543,357
39$1,554,366$768,177$603,187$1,611,320
40$1,633,863$726,769$544,346$1,683,873
41$1,718,980$680,843$481,044$1,761,429
42$1,810,209$630,098$413,053$1,844,443
43$1,908,095$574,217$340,134$1,933,415
44$2,013,232$512,866$262,040$2,028,895
45$2,126,274$445,689$178,511$2,131,489
46$2,247,939$372,312$89,276$2,241,864
47$2,379,015$292,341$0$2,360,752
48$2,520,366$205,358$0$2,489,279
49$2,672,945$110,921$0$2,633,121
50$2,837,794$8,565$0$2,788,503
51$3,016,062$0$0$2,956,522
52$3,209,012$0$0$3,145,131
53$3,418,030$0$0$3,350,062
54$3,644,641$0$0$3,572,245
55$3,890,522$0$0$3,813,327
56$4,157,519$0$0$4,075,116
57$4,447,659$0$0$4,359,601
58$4,763,175$0$0$4,668,972
59$5,106,522$0$0$5,005,636
60$5,480,401$0$0$5,372,243
61$5,887,787$0$0$5,771,709
62$6,331,950$0$0$6,207,244
63$6,816,490$0$0$6,682,377
64$7,345,373$0$0$7,200,997
65$7,922,960$0$0$7,767,382
66$8,554,055$0$0$8,386,243
67$9,243,943$0$0$9,062,765
68$9,998,448$0$0$9,802,658
69$10,823,979$0$0$10,612,207
70$11,727,593$0$0$11,498,336
71$12,717,061$0$0$12,468,666
72$13,800,944$0$0$13,531,591
73$14,988,664$0$0$14,696,354
74$16,290,603$0$0$15,973,136
75$17,718,192$0$0$17,373,150
76$19,284,022$0$0$18,908,743
77$21,001,962$0$0$20,593,518
78$22,887,288$0$0$22,442,457
79$24,956,826$0$0$24,472,063
80$27,229,109$0$0$26,700,513
81$29,724,557$0$0$29,147,832
82$32,465,659$0$0$31,836,080
83$35,477,194$0$0$34,789,557
84$38,786,456$0$0$38,035,033
85$42,423,517$0$0$41,602,002
86$46,421,504$0$0$45,522,955
87$50,816,916$0$0$49,833,688
88$55,649,963$0$0$54,573,638
89$60,964,947$0$0$59,786,256
90$66,810,678$0$0$65,519,414
91$73,240,934$0$0$71,825,854
92$80,314,966$0$0$78,763,691
93$88,098,059$0$0$86,396,952
94$96,662,142$0$0$94,796,186
95$106,086,472$0$0$104,039,125
96$116,458,373$0$0$114,211,415
97$127,874,069$0$0$125,407,429
98$140,439,578$0$0$137,731,149
99$154,271,724$0$0$151,297,152
100$169,499,229$0$0$166,231,686