Can I retire at age 30 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$77,129$76,442$75,772$75,117$74,478$73,578
2 years$38,183$37,471$36,782$36,114$35,466$34,560
3 years$25,202$24,488$23,801$23,139$22,501$21,618
4 years$18,713$18,001$17,321$16,670$16,048$15,194
5 years$14,821$14,113$13,442$12,804$12,199$11,377
6 years$12,227$11,525$10,863$10,240$9,653$8,863
7 years$10,375$9,678$9,027$8,419$7,850$7,093
8 years$8,986$8,296$7,656$7,062$6,513$5,789
9 years$7,907$7,223$6,594$6,015$5,485$4,793
10 years$7,044$6,367$5,749$5,185$4,673$4,014
11 years$6,338$5,668$5,061$4,513$4,019$3,391
12 years$5,751$5,087$4,492$3,958$3,483$2,886
13 years$5,254$4,597$4,013$3,495$3,037$2,471
14 years$4,828$4,179$3,606$3,102$2,662$2,125
15 years$4,460$3,818$3,255$2,767$2,344$1,835
16 years$4,138$3,503$2,951$2,477$2,072$1,590
17 years$3,854$3,226$2,686$2,226$1,837$1,382
18 years$3,602$2,981$2,452$2,006$1,633$1,204
19 years$3,377$2,763$2,244$1,812$1,456$1,051
20 years$3,174$2,567$2,060$1,641$1,300$920
21 years$2,991$2,391$1,895$1,490$1,164$806
22 years$2,825$2,232$1,746$1,355$1,043$707
23 years$2,674$2,088$1,612$1,234$936$621
24 years$2,535$1,956$1,491$1,125$842$546
25 years$2,408$1,836$1,381$1,028$757$480
26 years$2,291$1,725$1,281$940$682$423
27 years$2,182$1,624$1,189$860$615$373
28 years$2,082$1,530$1,106$788$555$329
29 years$1,988$1,443$1,029$723$501$290
30 years$1,901$1,363$958$663$453$256
31 years$1,820$1,288$894$609$409$226
32 years$1,744$1,219$834$560$370$200
33 years$1,673$1,155$778$515$335$176
34 years$1,606$1,094$727$474$303$156
35 years$1,543$1,038$680$436$275$138
36 years$1,483$985$636$401$249$122
37 years$1,427$936$595$370$226$108
38 years$1,374$889$558$341$205$95
39 years$1,324$846$522$314$186$84
40 years$1,277$804$490$290$168$75
41 years$1,232$766$459$268$153$66
42 years$1,189$729$431$247$139$58
43 years$1,148$695$404$228$126$52
44 years$1,110$662$379$210$114$46
45 years$1,073$632$356$194$104$41
46 years$1,038$603$335$180$94$36
47 years$1,004$575$314$166$85$32
48 years$972$549$295$153$78$28
49 years$941$524$278$142$70$25
50 years$912$501$261$131$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $934,000, adding $4,555 every year, while hoping to spend $28,498 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: 60/25/15 Blend
29$934,000$934,000$934,000$934,000
30$1,033,966$984,464$969,987$1,091,838
31$1,109,109$1,002,382$972,160$1,149,306
32$1,190,962$1,020,222$973,451$1,208,381
33$1,280,178$1,037,950$973,800$1,272,151
34$1,377,478$1,055,532$973,144$1,341,075
35$1,483,654$1,072,926$971,417$1,415,655
36$1,599,579$1,090,092$968,552$1,496,447
37$1,726,213$1,106,983$964,475$1,584,062
38$1,864,613$1,123,552$959,112$1,679,176
39$2,015,943$1,139,745$952,382$1,782,532
40$2,181,485$1,155,508$944,202$1,894,950
41$2,362,649$1,170,781$934,486$2,017,334
42$2,560,990$1,185,500$923,141$2,150,681
43$2,778,218$1,199,596$910,074$2,296,088
44$3,016,217$1,212,998$895,182$2,454,768
45$3,277,063$1,225,627$878,363$2,628,056
46$3,563,041$1,237,400$859,505$2,817,424
47$3,876,667$1,248,229$838,495$3,024,496
48$4,220,715$1,258,019$815,212$3,251,062
49$4,598,237$1,266,672$789,531$3,499,095
50$5,012,598$1,274,079$761,321$3,770,770
51$5,467,501$1,280,127$730,443$4,068,487
52$5,967,029$1,284,696$696,755$4,394,889
53$6,515,676$1,287,656$660,107$4,752,894
54$7,118,396$1,288,872$620,341$5,145,714
55$7,780,644$1,288,198$577,294$5,576,896
56$8,508,430$1,285,481$530,795$6,050,345
57$9,308,377$1,280,557$480,663$6,570,369
58$10,187,779$1,273,252$426,713$7,141,718
59$11,154,674$1,263,382$368,749$7,769,628
60$12,217,915$1,250,753$306,567$8,459,870
61$13,387,260$1,235,157$239,954$9,218,808
62$14,673,456$1,216,375$168,688$10,053,457
63$16,088,345$1,194,174$92,536$10,971,551
64$17,644,977$1,168,309$11,257$11,981,615
65$19,357,727$1,138,519$0$13,093,046
66$21,242,436$1,104,527$0$14,328,288
67$23,316,557$1,066,041$0$15,689,388
68$25,599,321$1,022,753$0$17,187,176
69$28,111,919$974,334$0$18,835,577
70$30,877,697$920,439$0$20,649,938
71$33,922,384$860,702$0$22,647,174
72$37,274,326$794,735$0$24,845,925
73$40,964,759$722,130$0$27,266,738
74$45,028,103$642,452$0$29,932,257
75$49,502,284$555,247$0$32,867,438
76$54,429,092$460,029$0$36,099,787
77$59,854,579$356,290$0$39,659,618
78$65,829,487$243,489$0$43,580,341
79$72,409,733$121,059$0$47,898,777
80$79,656,931$0$0$52,655,510
81$87,638,978$0$0$57,898,458
82$96,430,691$0$0$63,710,012
83$106,114,513$0$0$70,111,382
84$116,781,293$0$0$77,162,634
85$128,531,143$0$0$84,929,960
86$141,474,380$0$0$93,486,301
87$155,732,568$0$0$102,912,033
88$171,439,667$0$0$113,295,729
89$188,743,295$0$0$124,734,992
90$207,806,121$0$0$137,337,378
91$228,807,403$0$0$151,221,408
92$251,944,675$0$0$166,517,692
93$277,435,614$0$0$183,370,155
94$305,520,096$0$0$201,937,401
95$336,462,455$0$0$222,394,206
96$370,553,983$0$0$244,933,169
97$408,115,677$0$0$269,766,531
98$449,501,266$0$0$297,128,177
99$495,100,556$0$0$327,275,842
100$545,343,104$0$0$360,493,548