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%18.9%
1 years$77,129$76,442$75,772$75,117$74,478$71,807
2 years$38,183$37,471$36,782$36,114$35,466$32,804
3 years$25,202$24,488$23,801$23,139$22,501$19,931
4 years$18,713$18,001$17,321$16,670$16,048$13,591
5 years$14,821$14,113$13,442$12,804$12,199$9,861
6 years$12,227$11,525$10,863$10,240$9,653$7,435
7 years$10,375$9,678$9,027$8,419$7,850$5,752
8 years$8,986$8,296$7,656$7,062$6,513$4,532
9 years$7,907$7,223$6,594$6,015$5,485$3,620
10 years$7,044$6,367$5,749$5,185$4,673$2,920
11 years$6,338$5,668$5,061$4,513$4,019$2,375
12 years$5,751$5,087$4,492$3,958$3,483$1,943
13 years$5,254$4,597$4,013$3,495$3,037$1,598
14 years$4,828$4,179$3,606$3,102$2,662$1,319
15 years$4,460$3,818$3,255$2,767$2,344$1,093
16 years$4,138$3,503$2,951$2,477$2,072$907
17 years$3,854$3,226$2,686$2,226$1,837$755
18 years$3,602$2,981$2,452$2,006$1,633$630
19 years$3,377$2,763$2,244$1,812$1,456$526
20 years$3,174$2,567$2,060$1,641$1,300$439
21 years$2,991$2,391$1,895$1,490$1,164$368
22 years$2,825$2,232$1,746$1,355$1,043$308
23 years$2,674$2,088$1,612$1,234$936$258
24 years$2,535$1,956$1,491$1,125$842$216
25 years$2,408$1,836$1,381$1,028$757$181
26 years$2,291$1,725$1,281$940$682$152
27 years$2,182$1,624$1,189$860$615$128
28 years$2,082$1,530$1,106$788$555$107
29 years$1,988$1,443$1,029$723$501$90
30 years$1,901$1,363$958$663$453$76
31 years$1,820$1,288$894$609$409$64
32 years$1,744$1,219$834$560$370$54
33 years$1,673$1,155$778$515$335$45
34 years$1,606$1,094$727$474$303$38
35 years$1,543$1,038$680$436$275$32
36 years$1,483$985$636$401$249$27
37 years$1,427$936$595$370$226$22
38 years$1,374$889$558$341$205$19
39 years$1,324$846$522$314$186$16
40 years$1,277$804$490$290$168$13
41 years$1,232$766$459$268$153$11
42 years$1,189$729$431$247$139$9
43 years$1,148$695$404$228$126$8
44 years$1,110$662$379$210$114$7
45 years$1,073$632$356$194$104$6
46 years$1,038$603$335$180$94$5
47 years$1,004$575$314$166$85$4
48 years$972$549$295$153$78$3
49 years$941$524$278$142$70$3
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 $5,267 every year, while hoping to spend $34,704 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: 33/47/20 Blend
29$934,000$934,000$934,000$934,000
30$1,034,701$985,199$970,722$1,062,316
31$1,103,316$996,549$966,316$1,094,638
32$1,177,766$1,007,292$960,600$1,125,902
33$1,258,610$1,017,361$953,492$1,158,873
34$1,346,463$1,026,687$944,909$1,193,724
35$1,442,001$1,035,193$934,762$1,230,644
36$1,545,966$1,042,799$922,958$1,269,846
37$1,659,178$1,049,419$909,400$1,311,564
38$1,782,536$1,054,963$893,987$1,356,061
39$1,917,032$1,059,333$876,613$1,403,627
40$2,063,756$1,062,427$857,166$1,454,584
41$2,223,908$1,064,134$835,529$1,509,292
42$2,398,809$1,064,340$811,582$1,568,149
43$2,589,914$1,062,919$785,197$1,631,595
44$2,798,825$1,059,741$756,240$1,700,122
45$3,027,303$1,054,667$724,573$1,774,274
46$3,277,291$1,047,548$690,049$1,854,652
47$3,550,925$1,038,229$652,516$1,941,927
48$3,850,560$1,026,542$611,816$2,036,839
49$4,178,786$1,012,312$567,781$2,140,209
50$4,538,460$995,353$520,239$2,252,948
51$4,932,723$975,465$469,007$2,376,063
52$5,365,038$952,440$413,896$2,510,673
53$5,839,218$926,056$354,708$2,658,013
54$6,359,464$896,078$291,236$2,819,451
55$6,930,400$862,258$223,264$2,996,504
56$7,557,124$824,332$150,566$3,190,849
57$8,245,249$782,022$72,908$3,404,340
58$9,000,957$735,033$0$3,639,031
59$9,831,060$683,055$0$3,899,319
60$10,743,061$625,758$0$4,202,331
61$11,745,228$562,795$0$4,535,327
62$12,846,666$493,797$0$4,901,435
63$14,057,409$418,376$0$5,304,113
64$15,388,510$336,121$0$5,747,177
65$16,852,146$246,599$0$6,234,843
66$18,461,734$149,352$0$6,771,761
67$20,232,057$43,896$0$7,363,070
68$22,179,400$0$0$8,014,440
69$24,321,708$0$0$8,768,477
70$26,678,751$0$0$9,623,234
71$29,272,314$0$0$10,563,929
72$32,126,399$0$0$11,599,286
73$35,267,453$0$0$12,738,922
74$38,724,614$0$0$13,993,430
75$42,529,993$0$0$15,374,486
76$46,718,967$0$0$16,894,951
77$51,330,521$0$0$18,569,000
78$56,407,609$0$0$20,412,252
79$61,997,563$0$0$22,441,915
80$68,152,539$0$0$24,676,954
81$74,930,006$0$0$27,138,264
82$82,393,290$0$0$29,848,872
83$90,612,173$0$0$32,834,152
84$99,663,547$0$0$36,122,061
85$109,632,142$0$0$39,743,411
86$120,611,326$0$0$43,732,150
87$132,703,983$0$0$48,125,691
88$146,023,485$0$0$52,965,258
89$160,694,763$0$0$58,296,279
90$176,855,484$0$0$64,168,814
91$194,657,348$0$0$70,638,027
92$214,267,524$0$0$77,764,705
93$235,870,225$0$0$85,615,835
94$259,668,445$0$0$94,265,233
95$285,885,876$0$0$103,794,241
96$314,769,019$0$0$114,292,498
97$346,589,511$0$0$125,858,781
98$381,646,686$0$0$138,601,942
99$420,270,401$0$0$152,641,930
100$462,824,151$0$0$168,110,928