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%16.6%
1 years$77,377$76,687$76,015$75,359$74,718$72,705
2 years$38,305$37,592$36,900$36,230$35,580$33,566
3 years$25,283$24,567$23,877$23,213$22,573$20,622
4 years$18,773$18,059$17,376$16,724$16,099$14,226
5 years$14,869$14,159$13,485$12,845$12,239$10,447
6 years$12,266$11,562$10,898$10,273$9,684$7,977
7 years$10,408$9,709$9,056$8,446$7,876$6,253
8 years$9,015$8,323$7,680$7,085$6,534$4,994
9 years$7,932$7,246$6,615$6,035$5,502$4,045
10 years$7,067$6,387$5,767$5,202$4,688$3,311
11 years$6,359$5,686$5,077$4,527$4,032$2,733
12 years$5,769$5,104$4,506$3,971$3,494$2,271
13 years$5,271$4,612$4,026$3,506$3,047$1,897
14 years$4,844$4,192$3,617$3,112$2,671$1,591
15 years$4,474$3,830$3,266$2,775$2,352$1,339
16 years$4,151$3,514$2,961$2,485$2,078$1,131
17 years$3,866$3,236$2,694$2,233$1,843$957
18 years$3,614$2,990$2,460$2,012$1,639$812
19 years$3,388$2,771$2,252$1,818$1,460$689
20 years$3,185$2,575$2,066$1,647$1,305$587
21 years$3,001$2,399$1,901$1,495$1,167$500
22 years$2,834$2,239$1,752$1,359$1,046$426
23 years$2,682$2,094$1,617$1,238$939$363
24 years$2,543$1,962$1,496$1,129$844$310
25 years$2,416$1,841$1,386$1,031$760$265
26 years$2,298$1,731$1,285$943$684$227
27 years$2,189$1,629$1,193$863$617$194
28 years$2,088$1,535$1,109$790$557$166
29 years$1,995$1,448$1,032$725$503$142
30 years$1,907$1,367$962$665$454$122
31 years$1,826$1,293$896$611$411$104
32 years$1,750$1,223$836$561$371$89
33 years$1,678$1,158$781$516$336$76
34 years$1,611$1,098$730$475$304$66
35 years$1,548$1,041$682$437$276$56
36 years$1,488$988$638$403$250$48
37 years$1,432$939$597$371$226$41
38 years$1,379$892$559$342$205$35
39 years$1,329$848$524$315$186$30
40 years$1,281$807$491$291$169$26
41 years$1,236$768$461$268$153$22
42 years$1,193$732$432$248$139$19
43 years$1,152$697$405$229$126$16
44 years$1,113$664$381$211$114$14
45 years$1,076$634$357$195$104$12
46 years$1,041$604$336$180$94$10
47 years$1,007$577$315$166$86$9
48 years$975$551$296$154$78$8
49 years$944$526$278$142$71$7
50 years$915$502$262$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $937,000, adding $6,672 every year, while hoping to spend $23,152 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: 48/38/14 Blend
29$937,000$937,000$937,000$937,000
30$1,039,456$989,795$975,272$1,084,998
31$1,120,847$1,013,662$983,310$1,141,004
32$1,209,764$1,037,921$990,841$1,198,854
33$1,306,950$1,062,570$997,824$1,261,155
34$1,413,223$1,087,600$1,004,216$1,328,332
35$1,529,485$1,113,005$1,009,970$1,400,851
36$1,656,727$1,138,777$1,015,038$1,479,226
37$1,796,041$1,164,905$1,019,371$1,564,026
38$1,948,631$1,191,379$1,022,913$1,655,873
39$2,115,821$1,218,187$1,025,610$1,755,456
40$2,299,070$1,245,313$1,027,403$1,863,531
41$2,499,985$1,272,742$1,028,231$1,980,935
42$2,720,334$1,300,458$1,028,027$2,108,586
43$2,962,068$1,328,440$1,026,726$2,247,498
44$3,227,333$1,356,668$1,024,255$2,398,789
45$3,518,493$1,385,117$1,020,541$2,563,688
46$3,838,155$1,413,763$1,015,503$2,743,552
47$4,189,186$1,442,576$1,009,062$2,939,877
48$4,574,747$1,471,527$1,001,130$3,154,308
49$4,998,321$1,500,582$991,618$3,388,662
50$5,463,744$1,529,704$980,431$3,644,941
51$5,975,241$1,558,855$967,471$3,925,348
52$6,537,468$1,587,991$952,633$4,232,315
53$7,155,554$1,617,067$935,811$4,568,521
54$7,835,149$1,646,032$916,889$4,936,919
55$8,582,479$1,674,832$895,750$5,340,764
56$9,404,404$1,703,411$872,269$5,783,642
57$10,308,480$1,731,705$846,317$6,269,507
58$11,303,034$1,759,648$817,758$6,802,718
59$12,397,240$1,787,167$786,449$7,388,078
60$13,601,206$1,814,185$752,242$8,030,882
61$14,926,068$1,840,620$714,982$8,736,966
62$16,384,099$1,866,382$674,506$9,512,761
63$17,988,820$1,891,378$630,645$10,365,358
64$19,755,129$1,915,505$583,221$11,302,572
65$21,699,443$1,938,654$532,049$12,333,016
66$23,839,848$1,960,711$476,935$13,466,184
67$26,196,278$1,981,551$417,678$14,712,540
68$28,790,693$2,001,042$354,065$16,083,619
69$31,647,295$2,019,044$285,877$17,592,133
70$34,792,748$2,035,406$212,883$19,252,095
71$38,256,436$2,049,969$134,843$21,078,949
72$42,070,738$2,062,563$51,505$23,089,718
73$46,271,331$2,073,006$0$25,303,164
74$50,897,530$2,081,107$0$27,745,559
75$55,992,657$2,086,660$0$30,442,677
76$61,604,449$2,089,447$0$33,411,982
77$67,785,512$2,089,239$0$36,681,207
78$74,593,810$2,085,788$0$40,280,915
79$82,093,223$2,078,835$0$44,244,791
80$90,354,136$2,068,103$0$48,609,957
81$99,454,116$2,053,298$0$53,417,324
82$109,478,636$2,034,110$0$58,711,980
83$120,521,883$2,010,207$0$64,543,615
84$132,687,648$1,981,241$0$70,966,989
85$146,090,306$1,946,840$0$78,042,456
86$160,855,894$1,906,611$0$85,836,525
87$177,123,300$1,860,140$0$94,422,498
88$195,045,574$1,806,984$0$103,881,157
89$214,791,375$1,746,679$0$114,301,527
90$236,546,559$1,678,730$0$125,781,724
91$260,515,935$1,602,614$0$138,429,874
92$286,925,199$1,517,781$0$152,365,140
93$316,023,061$1,423,645$0$167,718,848
94$348,083,598$1,319,588$0$184,635,726
95$383,408,834$1,204,957$0$203,275,273
96$422,331,597$1,079,061$0$223,813,264
97$465,218,656$941,171$0$246,443,415
98$512,474,186$790,516$0$271,379,210
99$564,543,581$626,279$0$298,855,921
100$621,917,662$447,602$0$329,132,827