Can I retire at age 30 with 934,000?

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 $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%19.7%
1 years$77,129$76,442$75,772$75,117$74,478$71,580
2 years$38,183$37,471$36,782$36,114$35,466$32,581
3 years$25,202$24,488$23,801$23,139$22,501$19,720
4 years$18,713$18,001$17,321$16,670$16,048$13,392
5 years$14,821$14,113$13,442$12,804$12,199$9,676
6 years$12,227$11,525$10,863$10,240$9,653$7,263
7 years$10,375$9,678$9,027$8,419$7,850$5,594
8 years$8,986$8,296$7,656$7,062$6,513$4,387
9 years$7,907$7,223$6,594$6,015$5,485$3,486
10 years$7,044$6,367$5,749$5,185$4,673$2,799
11 years$6,338$5,668$5,061$4,513$4,019$2,264
12 years$5,751$5,087$4,492$3,958$3,483$1,843
13 years$5,254$4,597$4,013$3,495$3,037$1,507
14 years$4,828$4,179$3,606$3,102$2,662$1,237
15 years$4,460$3,818$3,255$2,767$2,344$1,019
16 years$4,138$3,503$2,951$2,477$2,072$841
17 years$3,854$3,226$2,686$2,226$1,837$696
18 years$3,602$2,981$2,452$2,006$1,633$577
19 years$3,377$2,763$2,244$1,812$1,456$479
20 years$3,174$2,567$2,060$1,641$1,300$398
21 years$2,991$2,391$1,895$1,490$1,164$331
22 years$2,825$2,232$1,746$1,355$1,043$275
23 years$2,674$2,088$1,612$1,234$936$229
24 years$2,535$1,956$1,491$1,125$842$191
25 years$2,408$1,836$1,381$1,028$757$159
26 years$2,291$1,725$1,281$940$682$133
27 years$2,182$1,624$1,189$860$615$111
28 years$2,082$1,530$1,106$788$555$92
29 years$1,988$1,443$1,029$723$501$77
30 years$1,901$1,363$958$663$453$64
31 years$1,820$1,288$894$609$409$54
32 years$1,744$1,219$834$560$370$45
33 years$1,673$1,155$778$515$335$37
34 years$1,606$1,094$727$474$303$31
35 years$1,543$1,038$680$436$275$26
36 years$1,483$985$636$401$249$22
37 years$1,427$936$595$370$226$18
38 years$1,374$889$558$341$205$15
39 years$1,324$846$522$314$186$13
40 years$1,277$804$490$290$168$11
41 years$1,232$766$459$268$153$9
42 years$1,189$729$431$247$139$7
43 years$1,148$695$404$228$126$6
44 years$1,110$662$379$210$114$5
45 years$1,073$632$356$194$104$4
46 years$1,038$603$335$180$94$4
47 years$1,004$575$314$166$85$3
48 years$972$549$295$153$78$3
49 years$941$524$278$142$70$2
50 years$912$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $934,000, adding $6,416 every year, while hoping to spend $22,360 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: 55/35/10 Blend
29$934,000$934,000$934,000$934,000
30$1,035,886$986,384$971,907$1,089,941
31$1,117,756$1,010,926$980,675$1,151,808
32$1,207,226$1,035,921$988,987$1,216,130
33$1,305,050$1,061,368$996,805$1,285,631
34$1,412,055$1,087,264$1,004,088$1,360,808
35$1,529,151$1,113,607$1,010,791$1,442,208
36$1,657,343$1,140,392$1,016,871$1,530,432
37$1,797,735$1,167,615$1,022,280$1,626,145
38$1,951,545$1,195,269$1,026,967$1,730,076
39$2,120,112$1,223,346$1,030,880$1,843,029
40$2,304,913$1,251,839$1,033,963$1,965,890
41$2,507,572$1,280,738$1,036,159$2,099,634
42$2,729,881$1,310,031$1,037,407$2,245,338
43$2,973,811$1,339,704$1,037,643$2,404,184
44$3,241,535$1,369,745$1,036,799$2,577,477
45$3,535,445$1,400,136$1,034,805$2,766,653
46$3,858,177$1,430,859$1,031,588$2,973,297
47$4,212,634$1,461,895$1,027,069$3,199,153
48$4,602,015$1,493,220$1,021,168$3,446,142
49$5,029,843$1,524,810$1,013,800$3,716,383
50$5,500,000$1,556,639$1,004,876$4,012,209
51$6,016,763$1,588,676$994,301$4,336,192
52$6,584,841$1,620,890$981,979$4,691,165
53$7,209,426$1,653,245$967,806$5,080,250
54$7,896,236$1,685,702$951,676$5,506,889
55$8,651,571$1,718,221$933,476$5,974,873
56$9,482,373$1,750,755$913,089$6,488,381
57$10,396,289$1,783,257$890,392$7,052,017
58$11,401,747$1,815,672$865,256$7,670,857
59$12,508,029$1,847,945$837,547$8,350,493
60$13,725,367$1,880,013$807,123$9,097,087
61$15,065,031$1,911,810$773,838$9,917,433
62$16,539,440$1,943,264$737,538$10,819,015
63$18,162,279$1,974,301$698,062$11,810,083
64$19,948,626$2,004,836$655,241$12,899,728
65$21,915,094$2,034,781$608,900$14,097,970
66$24,079,992$2,064,043$558,856$15,415,850
67$26,463,490$2,092,520$504,917$16,865,539
68$29,087,816$2,120,104$446,882$18,460,448
69$31,977,462$2,146,678$384,541$20,215,357
70$35,159,417$2,172,119$317,677$22,146,556
71$38,663,419$2,196,295$246,061$24,271,999
72$42,522,238$2,219,064$169,455$26,611,470
73$46,771,984$2,240,276$87,609$29,186,775
74$51,452,448$2,259,770$265$32,021,946
75$56,607,474$2,277,376$0$35,143,466
76$62,285,381$2,292,911$0$38,590,442
77$68,539,407$2,306,181$0$42,385,799
78$75,428,224$2,316,981$0$46,564,992
79$83,016,480$2,325,091$0$51,167,126
80$91,375,418$2,330,277$0$56,235,293
81$100,583,541$2,332,292$0$61,816,985
82$110,727,361$2,330,872$0$67,964,538
83$121,902,205$2,325,738$0$74,735,628
84$134,213,124$2,316,593$0$82,193,818
85$147,775,878$2,303,122$0$90,409,154
86$162,718,034$2,284,991$0$99,458,831
87$179,180,163$2,261,846$0$109,427,919
88$197,317,174$2,233,310$0$120,410,171
89$217,299,770$2,198,987$0$132,508,903
90$239,316,062$2,158,453$0$145,837,975
91$263,573,345$2,111,262$0$160,522,863
92$290,300,053$2,056,940$0$176,701,848
93$319,747,916$1,994,987$0$194,527,318
94$352,194,333$1,924,872$0$214,167,212
95$387,944,998$1,846,033$0$235,806,603
96$427,336,776$1,757,877$0$259,649,447
97$470,740,889$1,659,775$0$285,920,511
98$518,566,418$1,551,062$0$314,867,495
99$571,264,165$1,431,036$0$346,763,371
100$629,330,907$1,298,954$0$381,908,965