Can I retire at age 30 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$77,377$76,687$76,015$75,359$74,718$73,845
2 years$38,305$37,592$36,900$36,230$35,580$34,702
3 years$25,283$24,567$23,877$23,213$22,573$21,717
4 years$18,773$18,059$17,376$16,724$16,099$15,271
5 years$14,869$14,159$13,485$12,845$12,239$11,441
6 years$12,266$11,562$10,898$10,273$9,684$8,918
7 years$10,408$9,709$9,056$8,446$7,876$7,141
8 years$9,015$8,323$7,680$7,085$6,534$5,831
9 years$7,932$7,246$6,615$6,035$5,502$4,831
10 years$7,067$6,387$5,767$5,202$4,688$4,048
11 years$6,359$5,686$5,077$4,527$4,032$3,422
12 years$5,769$5,104$4,506$3,971$3,494$2,914
13 years$5,271$4,612$4,026$3,506$3,047$2,496
14 years$4,844$4,192$3,617$3,112$2,671$2,149
15 years$4,474$3,830$3,266$2,775$2,352$1,857
16 years$4,151$3,514$2,961$2,485$2,078$1,610
17 years$3,866$3,236$2,694$2,233$1,843$1,400
18 years$3,614$2,990$2,460$2,012$1,639$1,221
19 years$3,388$2,771$2,252$1,818$1,460$1,067
20 years$3,185$2,575$2,066$1,647$1,305$934
21 years$3,001$2,399$1,901$1,495$1,167$819
22 years$2,834$2,239$1,752$1,359$1,046$719
23 years$2,682$2,094$1,617$1,238$939$632
24 years$2,543$1,962$1,496$1,129$844$556
25 years$2,416$1,841$1,386$1,031$760$489
26 years$2,298$1,731$1,285$943$684$431
27 years$2,189$1,629$1,193$863$617$380
28 years$2,088$1,535$1,109$790$557$336
29 years$1,995$1,448$1,032$725$503$296
30 years$1,907$1,367$962$665$454$262
31 years$1,826$1,293$896$611$411$231
32 years$1,750$1,223$836$561$371$205
33 years$1,678$1,158$781$516$336$181
34 years$1,611$1,098$730$475$304$160
35 years$1,548$1,041$682$437$276$142
36 years$1,488$988$638$403$250$125
37 years$1,432$939$597$371$226$111
38 years$1,379$892$559$342$205$98
39 years$1,329$848$524$315$186$87
40 years$1,281$807$491$291$169$77
41 years$1,236$768$461$268$153$68
42 years$1,193$732$432$248$139$60
43 years$1,152$697$405$229$126$54
44 years$1,113$664$381$211$114$47
45 years$1,076$634$357$195$104$42
46 years$1,041$604$336$180$94$37
47 years$1,007$577$315$166$86$33
48 years$975$551$296$154$78$29
49 years$944$526$278$142$71$26
50 years$915$502$262$131$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $937,000, adding $5,007 every year, while hoping to spend $38,395 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: 59/36/5 Blend
29$937,000$937,000$937,000$937,000
30$1,037,739$988,078$973,554$1,097,752
31$1,102,736$995,642$965,316$1,146,101
32$1,173,076$1,002,289$955,516$1,193,941
33$1,249,264$1,007,935$944,059$1,245,123
34$1,331,853$1,012,489$930,850$1,299,967
35$1,421,455$1,015,853$915,786$1,358,828
36$1,518,739$1,017,925$898,760$1,422,098
37$1,624,443$1,018,596$879,661$1,490,211
38$1,739,379$1,017,750$858,373$1,563,644
39$1,864,439$1,015,264$834,772$1,642,924
40$2,000,607$1,011,007$808,732$1,728,636
41$2,148,962$1,004,840$780,118$1,821,421
42$2,310,695$996,615$748,790$1,921,991
43$2,487,115$986,178$714,604$2,031,132
44$2,679,663$973,363$677,405$2,149,709
45$2,889,924$957,993$637,033$2,278,679
46$3,119,646$939,885$593,323$2,419,100
47$3,370,750$918,839$546,100$2,572,138
48$3,645,353$894,649$495,181$2,739,081
49$3,945,785$867,093$440,376$2,921,352
50$4,274,613$835,938$381,486$3,120,519
51$4,634,661$800,937$318,304$3,338,317
52$5,029,042$761,828$250,612$3,576,658
53$5,461,181$718,334$178,184$3,837,655
54$5,934,852$670,163$100,784$4,123,638
55$6,454,211$617,006$18,165$4,437,180
56$7,023,837$558,535$0$4,781,121
57$7,648,770$494,405$0$5,162,330
58$8,334,564$424,250$0$5,581,806
59$9,087,336$347,685$0$6,042,412
60$9,913,824$264,301$0$6,548,375
61$10,821,451$173,669$0$7,104,357
62$11,818,392$75,332$0$7,715,503
63$12,913,656$0$0$8,387,489
64$14,117,166$0$0$9,138,930
65$15,439,852$0$0$9,997,661
66$16,893,758$0$0$10,941,670
67$18,492,153$0$0$11,979,582
68$20,249,654$0$0$13,120,899
69$22,182,366$0$0$14,376,091
70$24,308,032$0$0$15,756,694
71$26,646,204$0$0$17,275,417
72$29,218,419$0$0$18,946,264
73$32,048,411$0$0$20,784,663
74$35,162,328$0$0$22,807,613
75$38,588,982$0$0$25,033,846
76$42,360,117$0$0$27,484,001
77$46,510,712$0$0$30,180,818
78$51,079,309$0$0$33,149,353
79$56,108,374$0$0$36,417,217
80$61,644,702$0$0$40,014,832
81$67,739,853$0$0$43,975,720
82$74,450,643$0$0$48,336,819
83$81,839,675$0$0$53,138,830
84$89,975,933$0$0$58,426,604
85$98,935,430$0$0$64,249,561
86$108,801,928$0$0$70,662,157
87$119,667,723$0$0$77,724,402
88$131,634,522$0$0$85,502,418
89$144,814,396$0$0$94,069,072
90$159,330,841$0$0$103,504,654
91$175,319,943$0$0$113,897,643
92$192,931,660$0$0$125,345,535
93$212,331,239$0$0$137,955,767
94$233,700,771$0$0$151,846,731
95$257,240,916$0$0$167,148,886
96$283,172,790$0$0$184,005,995
97$311,740,054$0$0$202,576,479
98$343,211,214$0$0$223,034,912
99$377,882,152$0$0$245,573,666
100$416,078,923$0$0$270,404,734