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%17.7%
1 years$77,129$76,442$75,772$75,117$74,478$72,152
2 years$38,183$37,471$36,782$36,114$35,466$33,143
3 years$25,202$24,488$23,801$23,139$22,501$20,254
4 years$18,713$18,001$17,321$16,670$16,048$13,894
5 years$14,821$14,113$13,442$12,804$12,199$10,145
6 years$12,227$11,525$10,863$10,240$9,653$7,700
7 years$10,375$9,678$9,027$8,419$7,850$5,998
8 years$8,986$8,296$7,656$7,062$6,513$4,760
9 years$7,907$7,223$6,594$6,015$5,485$3,829
10 years$7,044$6,367$5,749$5,185$4,673$3,113
11 years$6,338$5,668$5,061$4,513$4,019$2,551
12 years$5,751$5,087$4,492$3,958$3,483$2,105
13 years$5,254$4,597$4,013$3,495$3,037$1,745
14 years$4,828$4,179$3,606$3,102$2,662$1,453
15 years$4,460$3,818$3,255$2,767$2,344$1,213
16 years$4,138$3,503$2,951$2,477$2,072$1,016
17 years$3,854$3,226$2,686$2,226$1,837$853
18 years$3,602$2,981$2,452$2,006$1,633$718
19 years$3,377$2,763$2,244$1,812$1,456$605
20 years$3,174$2,567$2,060$1,641$1,300$510
21 years$2,991$2,391$1,895$1,490$1,164$431
22 years$2,825$2,232$1,746$1,355$1,043$364
23 years$2,674$2,088$1,612$1,234$936$308
24 years$2,535$1,956$1,491$1,125$842$261
25 years$2,408$1,836$1,381$1,028$757$221
26 years$2,291$1,725$1,281$940$682$187
27 years$2,182$1,624$1,189$860$615$159
28 years$2,082$1,530$1,106$788$555$135
29 years$1,988$1,443$1,029$723$501$114
30 years$1,901$1,363$958$663$453$97
31 years$1,820$1,288$894$609$409$82
32 years$1,744$1,219$834$560$370$70
33 years$1,673$1,155$778$515$335$59
34 years$1,606$1,094$727$474$303$50
35 years$1,543$1,038$680$436$275$43
36 years$1,483$985$636$401$249$36
37 years$1,427$936$595$370$226$31
38 years$1,374$889$558$341$205$26
39 years$1,324$846$522$314$186$22
40 years$1,277$804$490$290$168$19
41 years$1,232$766$459$268$153$16
42 years$1,189$729$431$247$139$14
43 years$1,148$695$404$228$126$12
44 years$1,110$662$379$210$114$10
45 years$1,073$632$356$194$104$8
46 years$1,038$603$335$180$94$7
47 years$1,004$575$314$166$85$6
48 years$972$549$295$153$78$5
49 years$941$524$278$142$70$4
50 years$912$501$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $934,000, adding $4,473 every year, while hoping to spend $40,094 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: 64/19/17 Blend
29$934,000$934,000$934,000$934,000
30$1,033,882$984,380$969,903$1,095,410
31$1,096,678$989,955$959,735$1,142,819
32$1,164,536$994,459$947,883$1,189,601
33$1,237,929$997,798$934,247$1,239,744
34$1,317,378$999,871$918,725$1,293,579
35$1,403,457$1,000,570$901,208$1,351,469
36$1,496,794$999,783$881,583$1,413,815
37$1,598,082$997,387$859,731$1,481,061
38$1,708,083$993,256$835,529$1,553,697
39$1,827,635$987,253$808,847$1,632,263
40$1,957,659$979,233$779,548$1,717,359
41$2,099,168$969,044$747,491$1,809,642
42$2,253,280$956,523$712,528$1,909,843
43$2,421,220$941,499$674,504$2,018,764
44$2,604,341$923,789$633,256$2,137,296
45$2,804,129$903,200$588,616$2,266,417
46$3,022,221$879,527$540,405$2,407,211
47$3,260,418$852,555$488,440$2,560,873
48$3,520,705$822,054$432,526$2,728,722
49$3,805,264$787,782$372,463$2,912,215
50$4,116,500$749,482$308,039$3,112,959
51$4,457,059$706,883$239,035$3,332,729
52$4,829,857$659,698$165,220$3,573,484
53$5,238,103$607,624$86,356$3,837,383
54$5,685,331$550,339$2,190$4,126,813
55$6,175,434$487,505$0$4,444,405
56$6,712,699$418,763$0$4,808,958
57$7,301,847$343,736$0$5,209,240
58$7,948,078$262,022$0$5,648,441
59$8,657,121$173,199$0$6,130,515
60$9,435,284$76,822$0$6,659,823
61$10,289,515$0$0$7,241,172
62$11,227,472$0$0$7,885,628
63$12,257,585$0$0$8,611,111
64$13,389,145$0$0$9,408,108
65$14,632,384$0$0$10,283,838
66$15,998,576$0$0$11,246,249
67$17,500,141$0$0$12,304,100
68$19,150,761$0$0$13,467,040
69$20,965,512$0$0$14,745,700
70$22,961,000$0$0$16,151,791
71$25,155,524$0$0$17,698,217
72$27,569,242$0$0$19,399,195
73$30,224,368$0$0$21,270,390
74$33,145,373$0$0$23,329,059
75$36,359,221$0$0$25,594,219
76$39,895,622$0$0$28,086,822
77$43,787,310$0$0$30,829,953
78$48,070,354$0$0$33,849,048
79$52,784,496$0$0$37,172,137
80$57,973,525$0$0$40,830,101
81$63,685,694$0$0$44,856,969
82$69,974,168$0$0$49,290,236
83$76,897,531$0$0$54,171,220
84$84,520,336$0$0$59,545,445
85$92,913,713$0$0$65,463,077
86$102,156,043$0$0$71,979,394
87$112,333,692$0$0$79,155,305
88$123,541,830$0$0$87,057,932
89$135,885,326$0$0$95,761,233
90$149,479,739$0$0$105,346,707
91$164,452,407$0$0$115,904,162
92$180,943,647$0$0$127,532,557
93$199,108,082$0$0$140,340,944
94$219,116,097$0$0$154,449,488
95$241,155,448$0$0$169,990,607
96$265,433,033$0$0$187,110,219
97$292,176,843$0$0$205,969,120
98$321,638,114$0$0$226,744,499
99$354,093,702$0$0$249,631,612
100$389,848,687$0$0$274,845,624