Can I retire at age 30 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$77,211$76,524$75,853$75,198$74,558$72,579
2 years$38,223$37,512$36,822$36,153$35,504$33,524
3 years$25,229$24,514$23,826$23,163$22,525$20,606
4 years$18,733$18,021$17,339$16,688$16,065$14,222
5 years$14,837$14,128$13,456$12,818$12,212$10,450
6 years$12,240$11,537$10,874$10,251$9,663$7,983
7 years$10,386$9,689$9,037$8,428$7,859$6,261
8 years$8,996$8,305$7,664$7,070$6,520$5,004
9 years$7,915$7,231$6,601$6,022$5,491$4,055
10 years$7,051$6,374$5,755$5,191$4,678$3,322
11 years$6,345$5,674$5,066$4,518$4,023$2,743
12 years$5,757$5,093$4,496$3,963$3,487$2,281
13 years$5,260$4,602$4,017$3,498$3,040$1,906
14 years$4,834$4,183$3,609$3,105$2,665$1,600
15 years$4,465$3,822$3,259$2,769$2,347$1,348
16 years$4,142$3,506$2,955$2,480$2,074$1,139
17 years$3,858$3,229$2,689$2,228$1,839$965
18 years$3,606$2,984$2,454$2,008$1,635$819
19 years$3,380$2,765$2,247$1,814$1,457$696
20 years$3,178$2,570$2,062$1,643$1,302$593
21 years$2,995$2,394$1,897$1,491$1,165$505
22 years$2,828$2,234$1,748$1,356$1,044$431
23 years$2,677$2,090$1,614$1,235$937$368
24 years$2,538$1,958$1,493$1,126$842$315
25 years$2,411$1,837$1,383$1,029$758$269
26 years$2,293$1,727$1,282$941$683$230
27 years$2,185$1,625$1,191$861$616$197
28 years$2,084$1,531$1,107$789$556$169
29 years$1,990$1,445$1,030$723$502$145
30 years$1,903$1,364$959$664$453$124
31 years$1,822$1,290$894$610$410$106
32 years$1,746$1,220$835$560$371$91
33 years$1,674$1,156$779$515$335$78
34 years$1,607$1,095$728$474$304$67
35 years$1,544$1,039$681$436$275$57
36 years$1,485$986$637$402$249$49
37 years$1,429$937$596$370$226$42
38 years$1,376$890$558$341$205$36
39 years$1,326$846$523$315$186$31
40 years$1,278$805$490$290$168$27
41 years$1,233$767$460$268$153$23
42 years$1,190$730$431$247$139$20
43 years$1,150$696$405$228$126$17
44 years$1,111$663$380$211$114$14
45 years$1,074$632$357$195$104$12
46 years$1,039$603$335$180$94$11
47 years$1,005$576$315$166$86$9
48 years$973$549$296$153$78$8
49 years$942$525$278$142$71$7
50 years$913$501$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $935,000, adding $6,221 every year, while hoping to spend $46,636 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: 64/12/24 Blend
29$935,000$935,000$935,000$935,000
30$1,036,787$987,232$972,739$1,096,268
31$1,092,919$985,986$955,706$1,135,913
32$1,153,213$983,116$936,539$1,173,446
33$1,218,045$978,493$915,117$1,213,403
34$1,287,827$971,980$891,315$1,256,027
35$1,363,011$963,433$865,000$1,301,585
36$1,444,095$952,698$836,033$1,350,376
37$1,531,624$939,611$804,272$1,402,727
38$1,626,198$924,000$769,563$1,459,003
39$1,728,476$905,683$731,750$1,519,607
40$1,839,184$884,464$690,667$1,584,984
41$1,959,118$860,140$646,141$1,655,629
42$2,089,153$832,492$597,992$1,732,086
43$2,230,254$801,292$546,032$1,814,960
44$2,383,479$766,294$490,063$1,904,918
45$2,549,994$727,242$429,880$2,002,699
46$2,731,080$683,864$365,268$2,109,120
47$2,928,148$635,872$296,003$2,225,083
48$3,142,750$582,960$221,850$2,351,588
49$3,376,593$524,808$142,564$2,489,736
50$3,631,557$461,075$57,891$2,640,748
51$3,909,709$391,401$0$2,805,971
52$4,213,327$315,406$0$2,995,209
53$4,544,915$232,690$0$3,218,154
54$4,907,233$142,829$0$3,461,855
55$5,303,318$45,375$0$3,728,400
56$5,736,513$0$0$4,020,085
57$6,210,500$0$0$4,347,387
58$6,729,333$0$0$4,712,278
59$7,297,475$0$0$5,111,913
60$7,919,844$0$0$5,549,759
61$8,601,852$0$0$6,029,633
62$9,349,461$0$0$6,555,739
63$10,169,239$0$0$7,132,707
64$11,068,417$0$0$7,765,637
65$12,054,961$0$0$8,460,145
66$13,137,646$0$0$9,222,419
67$14,326,138$0$0$10,059,274
68$15,631,081$0$0$10,978,218
69$17,064,205$0$0$11,987,520
70$18,638,428$0$0$13,096,291
71$20,367,983$0$0$14,314,567
72$22,268,547$0$0$15,653,405
73$24,357,395$0$0$17,124,984
74$26,653,555$0$0$18,742,726
75$29,177,993$0$0$20,521,413
76$31,953,805$0$0$22,477,334
77$35,006,438$0$0$24,628,436
78$38,363,931$0$0$26,994,490
79$42,057,173$0$0$29,597,281
80$46,120,200$0$0$32,460,811
81$50,590,512$0$0$35,611,527
82$55,509,426$0$0$39,078,566
83$60,922,467$0$0$42,894,036
84$66,879,797$0$0$47,093,311
85$73,436,688$0$0$51,715,371
86$80,654,038$0$0$56,803,165
87$88,598,953$0$0$62,404,018
88$97,345,372$0$0$68,570,077
89$106,974,770$0$0$75,358,800
90$117,576,922$0$0$82,833,502
91$129,250,751$0$0$91,063,949
92$142,105,262$0$0$100,127,017
93$156,260,567$0$0$110,107,415
94$171,849,021$0$0$121,098,489
95$189,016,469$0$0$133,203,096
96$207,923,620$0$0$146,534,579
97$228,747,566$0$0$161,217,833
98$251,683,449$0$0$177,390,486
99$276,946,308$0$0$195,204,195
100$304,773,099$0$0$214,826,078