Can I retire at age 30 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$76,964$76,278$75,609$74,956$74,319$72,998
2 years$38,101$37,391$36,704$36,037$35,390$34,063
3 years$25,148$24,436$23,750$23,089$22,453$21,162
4 years$18,673$17,963$17,284$16,634$16,014$14,769
5 years$14,789$14,083$13,413$12,777$12,173$10,978
6 years$12,201$11,500$10,840$10,218$9,632$8,488
7 years$10,353$9,658$9,008$8,401$7,834$6,740
8 years$8,967$8,278$7,639$7,047$6,499$5,456
9 years$7,890$7,208$6,580$6,002$5,473$4,481
10 years$7,029$6,353$5,736$5,174$4,663$3,720
11 years$6,325$5,656$5,050$4,503$4,010$3,116
12 years$5,738$5,076$4,482$3,950$3,475$2,628
13 years$5,243$4,588$4,004$3,487$3,031$2,229
14 years$4,818$4,170$3,598$3,095$2,657$1,899
15 years$4,450$3,809$3,248$2,761$2,339$1,625
16 years$4,129$3,495$2,945$2,472$2,067$1,394
17 years$3,846$3,219$2,680$2,221$1,833$1,200
18 years$3,594$2,974$2,446$2,001$1,630$1,035
19 years$3,370$2,757$2,240$1,809$1,453$894
20 years$3,168$2,562$2,055$1,638$1,298$774
21 years$2,985$2,386$1,891$1,487$1,161$671
22 years$2,819$2,227$1,742$1,352$1,041$582
23 years$2,668$2,083$1,609$1,231$934$506
24 years$2,530$1,952$1,488$1,123$840$440
25 years$2,403$1,832$1,378$1,025$756$383
26 years$2,286$1,721$1,278$937$681$334
27 years$2,178$1,620$1,187$858$614$291
28 years$2,077$1,527$1,103$786$554$253
29 years$1,984$1,440$1,027$721$500$221
30 years$1,897$1,360$956$662$452$193
31 years$1,816$1,286$892$608$408$168
32 years$1,740$1,217$832$558$369$147
33 years$1,669$1,152$777$514$334$128
34 years$1,602$1,092$726$473$303$112
35 years$1,539$1,036$679$435$274$98
36 years$1,480$983$635$401$248$86
37 years$1,424$934$594$369$225$75
38 years$1,372$887$556$340$204$65
39 years$1,322$844$521$314$185$57
40 years$1,274$803$489$289$168$50
41 years$1,229$764$458$267$152$44
42 years$1,187$728$430$246$138$38
43 years$1,146$693$403$227$125$33
44 years$1,107$661$379$210$114$29
45 years$1,071$630$355$194$103$26
46 years$1,035$601$334$179$94$22
47 years$1,002$574$314$166$85$20
48 years$970$548$295$153$77$17
49 years$939$523$277$141$70$15
50 years$910$500$260$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $932,000, adding $6,933 every year, while hoping to spend $55,166 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: 53/29/18 Blend
29$932,000$932,000$932,000$932,000
30$1,034,215$984,819$970,373$1,083,623
31$1,081,009$974,379$944,185$1,107,798
32$1,130,727$961,579$915,270$1,127,700
33$1,183,609$946,244$883,479$1,148,149
34$1,239,917$928,190$848,656$1,169,213
35$1,299,940$907,223$810,637$1,190,969
36$1,363,992$883,135$769,252$1,213,508
37$1,432,418$855,707$724,321$1,236,932
38$1,505,597$824,709$675,657$1,261,355
39$1,583,943$789,895$623,067$1,286,910
40$1,667,910$751,005$566,344$1,313,745
41$1,757,998$707,765$505,278$1,342,029
42$1,854,753$659,885$439,644$1,371,952
43$1,958,777$607,058$369,211$1,403,728
44$2,070,729$548,960$293,736$1,437,600
45$2,191,332$485,249$212,966$1,473,837
46$2,321,383$415,561$126,635$1,512,747
47$2,461,755$339,515$34,469$1,554,672
48$2,613,408$256,705$0$1,599,995
49$2,777,398$166,705$0$1,661,419
50$2,954,883$69,064$0$1,735,016
51$3,147,138$0$0$1,814,760
52$3,355,565$0$0$1,913,025
53$3,581,706$0$0$2,043,629
54$3,827,255$0$0$2,185,523
55$4,094,077$0$0$2,339,794
56$4,384,222$0$0$2,507,637
57$4,699,948$0$0$2,690,370
58$5,043,737$0$0$2,889,441
59$5,418,320$0$0$3,106,443
60$5,826,705$0$0$3,343,132
61$6,272,200$0$0$3,601,437
62$6,758,448$0$0$3,883,485
63$7,289,457$0$0$4,191,615
64$7,869,640$0$0$4,528,402
65$8,503,858$0$0$4,896,683
66$9,197,458$0$0$5,299,580
67$9,956,331$0$0$5,740,530
68$10,786,962$0$0$6,223,319
69$11,696,492$0$0$6,752,117
70$12,692,787$0$0$7,331,514
71$13,784,505$0$0$7,966,565
72$14,981,187$0$0$8,662,840
73$16,293,336$0$0$9,426,471
74$17,732,521$0$0$10,264,212
75$19,311,488$0$0$11,183,506
76$21,044,273$0$0$12,192,545
77$22,946,336$0$0$13,300,359
78$25,034,709$0$0$14,516,892
79$27,328,154$0$0$15,853,097
80$29,847,337$0$0$17,321,044
81$32,615,026$0$0$18,934,025
82$35,656,301$0$0$20,706,686
83$38,998,795$0$0$22,655,163
84$42,672,948$0$0$24,797,231
85$46,712,297$0$0$27,152,474
86$51,153,791$0$0$29,742,468
87$56,038,138$0$0$32,590,986
88$61,410,189$0$0$35,724,218
89$67,319,357$0$0$39,171,022
90$73,820,089$0$0$42,963,192
91$80,972,371$0$0$47,135,761
92$88,842,298$0$0$51,727,327
93$97,502,697$0$0$56,780,419
94$107,033,809$0$0$62,341,900
95$117,524,048$0$0$68,463,402
96$129,070,835$0$0$75,201,821
97$141,781,512$0$0$82,619,846
98$155,774,361$0$0$90,786,553
99$171,179,711$0$0$99,778,059
100$188,141,172$0$0$109,678,233