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%19.3%
1 years$76,881$76,196$75,528$74,876$74,239$71,463
2 years$38,060$37,351$36,664$35,998$35,352$32,587
3 years$25,121$24,409$23,724$23,064$22,429$19,762
4 years$18,653$17,943$17,265$16,617$15,996$13,448
5 years$14,773$14,068$13,398$12,763$12,160$9,736
6 years$12,188$11,487$10,828$10,207$9,622$7,325
7 years$10,341$9,647$8,998$8,392$7,825$5,654
8 years$8,957$8,269$7,631$7,039$6,492$4,445
9 years$7,882$7,200$6,573$5,996$5,467$3,541
10 years$7,021$6,346$5,730$5,169$4,658$2,850
11 years$6,318$5,650$5,045$4,498$4,006$2,311
12 years$5,732$5,071$4,477$3,946$3,472$1,886
13 years$5,237$4,583$4,000$3,483$3,027$1,547
14 years$4,813$4,166$3,594$3,092$2,654$1,274
15 years$4,446$3,805$3,245$2,758$2,337$1,052
16 years$4,125$3,491$2,942$2,469$2,065$871
17 years$3,842$3,215$2,677$2,219$1,831$723
18 years$3,591$2,971$2,444$1,999$1,628$601
19 years$3,366$2,754$2,237$1,807$1,451$500
20 years$3,164$2,559$2,053$1,636$1,296$417
21 years$2,982$2,383$1,889$1,485$1,160$348
22 years$2,816$2,225$1,741$1,350$1,040$290
23 years$2,665$2,081$1,607$1,230$933$242
24 years$2,527$1,950$1,486$1,121$839$203
25 years$2,400$1,830$1,377$1,024$755$169
26 years$2,283$1,720$1,277$936$680$142
27 years$2,175$1,618$1,186$857$613$119
28 years$2,075$1,525$1,102$785$553$99
29 years$1,982$1,439$1,026$720$499$83
30 years$1,895$1,359$955$661$451$70
31 years$1,814$1,284$891$607$408$58
32 years$1,738$1,215$831$558$369$49
33 years$1,667$1,151$776$513$334$41
34 years$1,601$1,091$725$472$302$34
35 years$1,538$1,035$678$435$274$29
36 years$1,479$982$634$400$248$24
37 years$1,423$933$593$369$225$20
38 years$1,370$886$556$340$204$17
39 years$1,320$843$521$313$185$14
40 years$1,273$802$488$289$168$12
41 years$1,228$763$458$267$152$10
42 years$1,185$727$429$246$138$8
43 years$1,145$693$403$227$125$7
44 years$1,106$660$378$210$114$6
45 years$1,069$630$355$194$103$5
46 years$1,034$601$333$179$94$4
47 years$1,001$573$313$165$85$3
48 years$969$547$294$153$77$3
49 years$938$522$277$141$70$2
50 years$909$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $931,000, adding $3,093 every year, while hoping to spend $58,072 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: 51/35/14 Blend
29$931,000$931,000$931,000$931,000
30$1,029,152$979,809$965,379$1,077,586
31$1,072,338$966,032$935,931$1,097,337
32$1,117,982$949,633$903,550$1,112,428
33$1,166,274$930,423$868,077$1,127,532
34$1,217,421$908,201$829,345$1,142,667
35$1,271,649$882,753$787,178$1,157,858
36$1,329,204$853,856$741,396$1,173,134
37$1,390,358$821,269$691,808$1,188,533
38$1,455,405$784,742$638,214$1,204,098
39$1,524,668$744,006$580,406$1,219,883
40$1,598,502$698,780$518,167$1,235,954
41$1,677,293$648,765$451,270$1,252,384
42$1,761,468$593,645$379,479$1,269,263
43$1,851,491$533,087$302,544$1,286,694
44$1,947,872$466,737$220,208$1,304,797
45$2,051,171$394,223$132,202$1,323,711
46$2,162,002$315,152$38,242$1,343,596
47$2,281,038$229,107$0$1,364,636
48$2,409,020$135,649$0$1,396,306
49$2,546,758$34,313$0$1,436,279
50$2,695,144$0$0$1,479,156
51$2,855,156$0$0$1,554,335
52$3,027,871$0$0$1,649,819
53$3,214,470$0$0$1,753,056
54$3,416,251$0$0$1,864,774
55$3,634,641$0$0$1,985,774
56$3,871,211$0$0$2,116,937
57$4,127,684$0$0$2,259,229
58$4,405,959$0$0$2,413,715
59$4,708,120$0$0$2,581,567
60$5,036,464$0$0$2,764,071
61$5,393,515$0$0$2,962,645
62$5,782,050$0$0$3,178,848
63$6,205,124$0$0$3,414,395
64$6,666,102$0$0$3,671,174
65$7,168,683$0$0$3,951,262
66$7,716,940$0$0$4,256,947
67$8,315,357$0$0$4,590,745
68$8,968,868$0$0$4,955,428
69$9,682,905$0$0$5,354,045
70$10,463,449$0$0$5,789,957
71$11,317,085$0$0$6,266,860
72$12,251,062$0$0$6,788,826
73$13,273,363$0$0$7,360,340
74$14,392,779$0$0$7,986,338
75$15,618,990$0$0$8,672,258
76$16,962,655$0$0$9,424,088
77$18,435,516$0$0$10,248,424
78$20,050,504$0$0$11,152,529
79$21,821,858$0$0$12,144,403
80$23,765,266$0$0$13,232,860
81$25,898,006$0$0$14,427,606
82$28,239,108$0$0$15,739,333
83$30,809,537$0$0$17,179,820
84$33,632,387$0$0$18,762,041
85$36,733,095$0$0$20,500,291
86$40,139,688$0$0$22,410,314
87$43,883,037$0$0$24,509,457
88$47,997,154$0$0$26,816,832
89$52,519,510$0$0$29,353,493
90$57,491,385$0$0$32,142,636
91$62,958,261$0$0$35,209,816
92$68,970,244$0$0$38,583,190
93$75,582,543$0$0$42,293,781
94$82,855,982$0$0$46,375,768
95$90,857,578$0$0$50,866,811
96$99,661,172$0$0$55,808,402
97$109,348,119$0$0$61,246,260
98$120,008,063$0$0$67,230,760
99$131,739,774$0$0$73,817,407
100$144,652,082$0$0$81,067,359