Can I retire at age 30 with 937,000?

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 $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%13.7%
1 years$77,377$76,687$76,015$75,359$74,718$73,571
2 years$38,305$37,592$36,900$36,230$35,580$34,427
3 years$25,283$24,567$23,877$23,213$22,573$21,451
4 years$18,773$18,059$17,376$16,724$16,099$15,016
5 years$14,869$14,159$13,485$12,845$12,239$11,196
6 years$12,266$11,562$10,898$10,273$9,684$8,685
7 years$10,408$9,709$9,056$8,446$7,876$6,920
8 years$9,015$8,323$7,680$7,085$6,534$5,621
9 years$7,932$7,246$6,615$6,035$5,502$4,633
10 years$7,067$6,387$5,767$5,202$4,688$3,861
11 years$6,359$5,686$5,077$4,527$4,032$3,246
12 years$5,769$5,104$4,506$3,971$3,494$2,748
13 years$5,271$4,612$4,026$3,506$3,047$2,340
14 years$4,844$4,192$3,617$3,112$2,671$2,002
15 years$4,474$3,830$3,266$2,775$2,352$1,720
16 years$4,151$3,514$2,961$2,485$2,078$1,482
17 years$3,866$3,236$2,694$2,233$1,843$1,281
18 years$3,614$2,990$2,460$2,012$1,639$1,109
19 years$3,388$2,771$2,252$1,818$1,460$963
20 years$3,185$2,575$2,066$1,647$1,305$837
21 years$3,001$2,399$1,901$1,495$1,167$729
22 years$2,834$2,239$1,752$1,359$1,046$636
23 years$2,682$2,094$1,617$1,238$939$555
24 years$2,543$1,962$1,496$1,129$844$485
25 years$2,416$1,841$1,386$1,031$760$424
26 years$2,298$1,731$1,285$943$684$371
27 years$2,189$1,629$1,193$863$617$325
28 years$2,088$1,535$1,109$790$557$285
29 years$1,995$1,448$1,032$725$503$249
30 years$1,907$1,367$962$665$454$219
31 years$1,826$1,293$896$611$411$192
32 years$1,750$1,223$836$561$371$168
33 years$1,678$1,158$781$516$336$148
34 years$1,611$1,098$730$475$304$130
35 years$1,548$1,041$682$437$276$114
36 years$1,488$988$638$403$250$100
37 years$1,432$939$597$371$226$88
38 years$1,379$892$559$342$205$77
39 years$1,329$848$524$315$186$68
40 years$1,281$807$491$291$169$60
41 years$1,236$768$461$268$153$52
42 years$1,193$732$432$248$139$46
43 years$1,152$697$405$229$126$41
44 years$1,113$664$381$211$114$36
45 years$1,076$634$357$195$104$31
46 years$1,041$604$336$180$94$28
47 years$1,007$577$315$166$86$24
48 years$975$551$296$154$78$21
49 years$944$526$278$142$71$19
50 years$915$502$262$131$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $937,000, adding $4,733 every year, while hoping to spend $40,577 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: 29/49/22 Blend
29$937,000$937,000$937,000$937,000
30$1,037,456$987,795$973,272$1,060,282
31$1,100,103$993,023$962,703$1,083,516
32$1,167,780$997,148$950,420$1,104,555
33$1,240,957$1,000,072$936,322$1,126,324
34$1,320,151$1,001,692$920,306$1,148,912
35$1,405,931$1,001,899$902,260$1,172,420
36$1,498,920$1,000,576$882,070$1,196,961
37$1,599,806$997,601$859,616$1,222,664
38$1,709,345$992,842$834,771$1,249,675
39$1,828,367$986,159$807,404$1,278,158
40$1,957,786$977,407$777,378$1,308,298
41$2,098,607$966,428$744,548$1,340,303
42$2,251,939$953,056$708,764$1,374,408
43$2,418,997$937,116$669,868$1,410,876
44$2,601,122$918,422$627,695$1,450,002
45$2,799,788$896,776$582,075$1,492,118
46$3,016,619$871,971$532,827$1,537,593
47$3,253,401$843,784$479,764$1,586,842
48$3,512,101$811,983$422,689$1,640,330
49$3,794,884$776,319$361,398$1,698,576
50$4,104,135$736,531$295,677$1,762,156
51$4,442,478$692,342$225,303$1,831,719
52$4,812,802$643,459$150,043$1,907,983
53$5,218,292$589,572$69,653$1,991,752
54$5,662,450$530,354$0$2,083,919
55$6,149,138$465,459$0$2,189,268
56$6,682,605$394,521$0$2,322,814
57$7,267,532$317,154$0$2,469,487
58$7,909,076$232,951$0$2,630,723
59$8,612,916$141,479$0$2,808,116
60$9,385,306$42,285$0$3,003,430
61$10,233,137$0$0$3,218,620
62$11,163,999$0$0$3,490,959
63$12,186,251$0$0$3,815,230
64$13,309,105$0$0$4,171,575
65$14,542,705$0$0$4,563,234
66$15,898,228$0$0$4,993,776
67$17,387,988$0$0$5,467,133
68$19,025,550$0$0$5,987,639
69$20,825,859$0$0$6,560,067
70$22,805,380$0$0$7,189,675
71$24,982,253$0$0$7,882,259
72$27,376,466$0$0$8,644,202
73$30,010,037$0$0$9,482,538
74$32,907,230$0$0$10,405,019
75$36,094,777$0$0$11,420,184
76$39,602,129$0$0$12,537,441
77$43,461,741$0$0$13,767,160
78$47,709,369$0$0$15,120,763
79$52,384,413$0$0$16,610,838
80$57,530,285$0$0$18,251,256
81$63,194,820$0$0$20,057,298
82$69,430,725$0$0$22,045,806
83$76,296,079$0$0$24,235,336
84$83,854,877$0$0$26,646,334
85$92,177,635$0$0$29,301,333
86$101,342,055$0$0$32,225,159
87$111,433,759$0$0$35,445,171
88$122,547,093$0$0$38,991,516
89$134,786,021$0$0$42,897,411
90$148,265,101$0$0$47,199,465
91$163,110,572$0$0$51,938,012
92$179,461,537$0$0$57,157,505
93$197,471,281$0$0$62,906,922
94$217,308,717$0$0$69,240,240
95$239,159,975$0$0$76,216,936
96$263,230,163$0$0$83,902,551
97$289,745,300$0$0$92,369,312
98$318,954,449$0$0$101,696,806
99$351,132,068$0$0$111,972,737
100$386,580,599$0$0$123,293,754