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%16.3%
1 years$76,964$76,278$75,609$74,956$74,319$72,405
2 years$38,101$37,391$36,704$36,037$35,390$33,474
3 years$25,148$24,436$23,750$23,089$22,453$20,595
4 years$18,673$17,963$17,284$16,634$16,014$14,229
5 years$14,789$14,083$13,413$12,777$12,173$10,466
6 years$12,201$11,500$10,840$10,218$9,632$8,004
7 years$10,353$9,658$9,008$8,401$7,834$6,285
8 years$8,967$8,278$7,639$7,047$6,499$5,029
9 years$7,890$7,208$6,580$6,002$5,473$4,080
10 years$7,029$6,353$5,736$5,174$4,663$3,346
11 years$6,325$5,656$5,050$4,503$4,010$2,767
12 years$5,738$5,076$4,482$3,950$3,475$2,304
13 years$5,243$4,588$4,004$3,487$3,031$1,928
14 years$4,818$4,170$3,598$3,095$2,657$1,621
15 years$4,450$3,809$3,248$2,761$2,339$1,367
16 years$4,129$3,495$2,945$2,472$2,067$1,157
17 years$3,846$3,219$2,680$2,221$1,833$981
18 years$3,594$2,974$2,446$2,001$1,630$834
19 years$3,370$2,757$2,240$1,809$1,453$710
20 years$3,168$2,562$2,055$1,638$1,298$605
21 years$2,985$2,386$1,891$1,487$1,161$517
22 years$2,819$2,227$1,742$1,352$1,041$442
23 years$2,668$2,083$1,609$1,231$934$378
24 years$2,530$1,952$1,488$1,123$840$323
25 years$2,403$1,832$1,378$1,025$756$277
26 years$2,286$1,721$1,278$937$681$237
27 years$2,178$1,620$1,187$858$614$204
28 years$2,077$1,527$1,103$786$554$175
29 years$1,984$1,440$1,027$721$500$150
30 years$1,897$1,360$956$662$452$129
31 years$1,816$1,286$892$608$408$110
32 years$1,740$1,217$832$558$369$95
33 years$1,669$1,152$777$514$334$81
34 years$1,602$1,092$726$473$303$70
35 years$1,539$1,036$679$435$274$60
36 years$1,480$983$635$401$248$52
37 years$1,424$934$594$369$225$44
38 years$1,372$887$556$340$204$38
39 years$1,322$844$521$314$185$33
40 years$1,274$803$489$289$168$28
41 years$1,229$764$458$267$152$24
42 years$1,187$728$430$246$138$21
43 years$1,146$693$403$227$125$18
44 years$1,107$661$379$210$114$15
45 years$1,071$630$355$194$103$13
46 years$1,035$601$334$179$94$11
47 years$1,002$574$314$166$85$10
48 years$970$548$295$153$77$8
49 years$939$523$277$141$70$7
50 years$910$500$260$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $932,000, adding $4,929 every year, while hoping to spend $54,582 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: 63/9/28 Blend
29$932,000$932,000$932,000$932,000
30$1,032,148$982,752$968,306$1,089,173
31$1,079,353$972,832$942,670$1,118,519
32$1,129,542$960,597$914,345$1,144,155
33$1,182,964$945,875$883,184$1,170,984
34$1,239,889$928,485$849,033$1,199,132
35$1,300,613$908,236$811,731$1,228,740
36$1,365,459$884,923$771,107$1,259,965
37$1,434,783$858,332$726,987$1,292,983
38$1,508,975$828,234$679,185$1,327,989
39$1,588,462$794,388$627,509$1,365,201
40$1,673,711$756,540$571,757$1,404,863
41$1,765,238$714,419$511,719$1,447,245
42$1,863,606$667,739$447,175$1,492,647
43$1,969,434$616,199$377,896$1,541,407
44$2,083,403$559,479$303,642$1,593,895
45$2,206,259$497,242$224,163$1,650,527
46$2,338,821$429,131$139,197$1,711,763
47$2,481,993$354,770$48,471$1,778,114
48$2,636,763$273,761$0$1,850,148
49$2,804,220$185,683$0$1,942,940
50$2,985,561$90,091$0$2,059,137
51$3,182,101$0$0$2,185,112
52$3,395,287$0$0$2,323,156
53$3,626,708$0$0$2,482,750
54$3,878,116$0$0$2,656,185
55$4,151,433$0$0$2,844,797
56$4,448,778$0$0$3,050,055
57$4,772,480$0$0$3,273,574
58$5,125,103$0$0$3,517,133
59$5,509,466$0$0$3,782,689
60$5,928,676$0$0$4,072,396
61$6,386,147$0$0$4,388,625
62$6,885,643$0$0$4,733,987
63$7,431,302$0$0$5,111,353
64$8,027,683$0$0$5,523,888
65$8,679,804$0$0$5,975,073
66$9,393,191$0$0$6,468,744
67$10,173,926$0$0$7,009,121
68$11,028,709$0$0$7,600,854
69$11,964,917$0$0$8,249,064
70$12,990,674$0$0$8,959,388
71$14,114,926$0$0$9,738,037
72$15,347,526$0$0$10,591,848
73$16,699,327$0$0$11,528,355
74$18,182,282$0$0$12,555,853
75$19,809,557$0$0$13,683,483
76$21,595,653$0$0$14,921,309
77$23,556,545$0$0$16,280,419
78$25,709,829$0$0$17,773,029
79$28,074,889$0$0$19,412,593
80$30,673,080$0$0$21,213,934
81$33,527,924$0$0$23,193,381
82$36,665,337$0$0$25,368,925
83$40,113,869$0$0$27,760,383
84$43,904,975$0$0$30,389,590
85$48,073,307$0$0$33,280,603
86$52,657,046$0$0$36,459,924
87$57,698,254$0$0$39,956,753
88$63,243,276$0$0$43,803,264
89$69,343,174$0$0$48,034,903
90$76,054,207$0$0$52,690,725
91$83,438,364$0$0$57,813,764
92$91,563,944$0$0$63,451,433
93$100,506,201$0$0$69,655,976
94$110,348,055$0$0$76,484,955
95$121,180,870$0$0$84,001,798
96$133,105,317$0$0$92,276,394
97$146,232,324$0$0$101,385,751
98$160,684,119$0$0$111,414,723
99$176,595,384$0$0$122,456,810
100$194,114,524$0$0$134,615,040