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%14.8%
1 years$77,377$76,687$76,015$75,359$74,718$73,239
2 years$38,305$37,592$36,900$36,230$35,580$34,096
3 years$25,283$24,567$23,877$23,213$22,573$21,131
4 years$18,773$18,059$17,376$16,724$16,099$14,710
5 years$14,869$14,159$13,485$12,845$12,239$10,906
6 years$12,266$11,562$10,898$10,273$9,684$8,409
7 years$10,408$9,709$9,056$8,446$7,876$6,659
8 years$9,015$8,323$7,680$7,085$6,534$5,375
9 years$7,932$7,246$6,615$6,035$5,502$4,401
10 years$7,067$6,387$5,767$5,202$4,688$3,643
11 years$6,359$5,686$5,077$4,527$4,032$3,041
12 years$5,769$5,104$4,506$3,971$3,494$2,557
13 years$5,271$4,612$4,026$3,506$3,047$2,161
14 years$4,844$4,192$3,617$3,112$2,671$1,836
15 years$4,474$3,830$3,266$2,775$2,352$1,565
16 years$4,151$3,514$2,961$2,485$2,078$1,338
17 years$3,866$3,236$2,694$2,233$1,843$1,147
18 years$3,614$2,990$2,460$2,012$1,639$986
19 years$3,388$2,771$2,252$1,818$1,460$849
20 years$3,185$2,575$2,066$1,647$1,305$732
21 years$3,001$2,399$1,901$1,495$1,167$632
22 years$2,834$2,239$1,752$1,359$1,046$547
23 years$2,682$2,094$1,617$1,238$939$473
24 years$2,543$1,962$1,496$1,129$844$410
25 years$2,416$1,841$1,386$1,031$760$355
26 years$2,298$1,731$1,285$943$684$308
27 years$2,189$1,629$1,193$863$617$267
28 years$2,088$1,535$1,109$790$557$232
29 years$1,995$1,448$1,032$725$503$202
30 years$1,907$1,367$962$665$454$175
31 years$1,826$1,293$896$611$411$152
32 years$1,750$1,223$836$561$371$132
33 years$1,678$1,158$781$516$336$115
34 years$1,611$1,098$730$475$304$100
35 years$1,548$1,041$682$437$276$87
36 years$1,488$988$638$403$250$76
37 years$1,432$939$597$371$226$66
38 years$1,379$892$559$342$205$57
39 years$1,329$848$524$315$186$50
40 years$1,281$807$491$291$169$44
41 years$1,236$768$461$268$153$38
42 years$1,193$732$432$248$139$33
43 years$1,152$697$405$229$126$29
44 years$1,113$664$381$211$114$25
45 years$1,076$634$357$195$104$22
46 years$1,041$604$336$180$94$19
47 years$1,007$577$315$166$86$17
48 years$975$551$296$154$78$14
49 years$944$526$278$142$71$13
50 years$915$502$262$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $937,000, adding $2,083 every year, while hoping to spend $26,592 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: 49/22/29 Blend
29$937,000$937,000$937,000$937,000
30$1,034,723$985,062$970,538$1,076,795
31$1,111,971$1,005,036$974,757$1,126,528
32$1,196,207$1,025,098$978,227$1,177,746
33$1,288,116$1,045,223$980,893$1,232,883
34$1,388,451$1,065,387$982,701$1,292,324
35$1,498,042$1,085,560$983,590$1,356,492
36$1,617,803$1,105,713$983,501$1,425,856
37$1,748,738$1,125,812$982,368$1,500,931
38$1,891,955$1,145,823$980,123$1,582,286
39$2,048,674$1,165,707$976,696$1,670,551
40$2,220,235$1,185,423$972,012$1,766,417
41$2,408,117$1,204,927$965,993$1,870,650
42$2,613,948$1,224,172$958,556$1,984,092
43$2,839,520$1,243,105$949,617$2,107,675
44$3,086,807$1,261,674$939,086$2,242,425
45$3,357,984$1,279,818$926,867$2,389,475
46$3,655,445$1,297,476$912,864$2,550,073
47$3,981,828$1,314,580$896,972$2,725,597
48$4,340,038$1,331,057$879,084$2,917,568
49$4,733,275$1,346,833$859,087$3,127,662
50$5,165,065$1,361,823$836,863$3,357,728
51$5,639,291$1,375,942$812,287$3,609,806
52$6,160,230$1,389,095$785,230$3,886,147
53$6,732,597$1,401,184$755,558$4,189,230
54$7,361,581$1,412,101$723,129$4,521,793
55$8,052,903$1,421,734$687,794$4,886,854
56$8,812,863$1,429,964$649,400$5,287,741
57$9,648,404$1,436,661$607,784$5,728,126
58$10,567,174$1,441,690$562,777$6,212,056
59$11,577,600$1,444,907$514,204$6,743,995
60$12,688,965$1,446,158$461,880$7,328,866
61$13,911,499$1,445,279$405,612$7,972,097
62$15,256,471$1,442,097$345,200$8,679,673
63$16,736,299$1,436,428$280,432$9,458,195
64$18,364,666$1,428,076$211,090$10,314,940
65$20,156,645$1,416,836$136,946$11,257,931
66$22,128,848$1,402,486$57,759$12,296,017
67$24,299,577$1,384,794$0$13,438,950
68$26,688,999$1,363,514$0$14,705,764
69$29,319,333$1,338,383$0$16,119,648
70$32,215,066$1,309,124$0$17,675,870
71$35,403,176$1,275,444$0$19,388,928
72$38,913,391$1,237,032$0$21,274,803
73$42,778,470$1,193,559$0$23,351,107
74$47,034,508$1,144,678$0$25,637,250
75$51,721,279$1,090,019$0$28,154,623
76$56,882,613$1,029,194$0$30,926,803
77$62,566,805$961,789$0$33,979,773
78$68,827,072$887,370$0$37,342,166
79$75,722,058$805,476$0$41,045,544
80$83,316,383$715,619$0$45,124,685
81$91,681,256$617,286$0$49,617,921
82$100,895,143$509,932$0$54,567,498
83$111,044,513$392,984$0$60,019,972
84$122,224,647$265,834$0$66,026,652
85$134,540,544$127,842$0$72,644,087
86$148,107,904$0$0$79,934,596
87$163,054,229$0$0$87,972,106
88$179,520,017$0$0$96,860,973
89$197,660,094$0$0$106,653,851
90$217,645,075$0$0$117,442,863
91$239,662,968$0$0$129,329,530
92$263,920,956$0$0$142,425,722
93$290,647,348$0$0$156,854,721
94$320,093,736$0$0$172,752,377
95$352,537,367$0$0$190,268,395
96$388,283,761$0$0$209,567,749
97$427,669,597$0$0$230,832,235
98$471,065,886$0$0$254,262,188
99$518,881,476$0$0$280,078,375
100$571,566,914$0$0$308,524,080