Can I retire at age 30 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$77,459$76,769$76,096$75,439$74,797$73,680
2 years$38,346$37,632$36,940$36,269$35,618$34,494
3 years$25,310$24,593$23,903$23,238$22,597$21,503
4 years$18,793$18,078$17,395$16,741$16,117$15,060
5 years$14,884$14,174$13,499$12,859$12,252$11,235
6 years$12,279$11,574$10,909$10,283$9,694$8,720
7 years$10,419$9,720$9,066$8,455$7,884$6,952
8 years$9,025$8,332$7,688$7,092$6,541$5,650
9 years$7,941$7,254$6,622$6,041$5,508$4,659
10 years$7,074$6,394$5,773$5,208$4,693$3,885
11 years$6,365$5,692$5,083$4,532$4,036$3,268
12 years$5,775$5,109$4,511$3,975$3,498$2,769
13 years$5,276$4,617$4,030$3,510$3,050$2,359
14 years$4,849$4,197$3,621$3,115$2,674$2,020
15 years$4,479$3,834$3,269$2,778$2,354$1,736
16 years$4,156$3,518$2,964$2,488$2,081$1,497
17 years$3,871$3,240$2,697$2,235$1,845$1,295
18 years$3,618$2,993$2,462$2,014$1,640$1,123
19 years$3,391$2,774$2,254$1,820$1,462$975
20 years$3,188$2,578$2,069$1,649$1,306$848
21 years$3,004$2,401$1,903$1,496$1,169$739
22 years$2,837$2,242$1,754$1,360$1,048$645
23 years$2,685$2,096$1,619$1,239$940$564
24 years$2,546$1,964$1,497$1,130$845$493
25 years$2,418$1,843$1,387$1,032$761$431
26 years$2,300$1,732$1,286$944$685$378
27 years$2,192$1,630$1,194$864$618$331
28 years$2,091$1,536$1,110$791$557$290
29 years$1,997$1,449$1,033$726$503$255
30 years$1,909$1,369$963$666$455$223
31 years$1,828$1,294$897$612$411$196
32 years$1,751$1,224$837$562$372$172
33 years$1,680$1,159$782$517$337$151
34 years$1,613$1,099$730$476$305$133
35 years$1,549$1,042$683$438$276$117
36 years$1,490$989$639$403$250$103
37 years$1,434$940$598$371$227$90
38 years$1,380$893$560$342$205$79
39 years$1,330$849$525$316$186$70
40 years$1,282$808$492$291$169$61
41 years$1,237$769$461$269$153$54
42 years$1,194$732$432$248$139$48
43 years$1,153$698$406$229$126$42
44 years$1,114$665$381$211$115$37
45 years$1,077$634$358$195$104$32
46 years$1,042$605$336$180$94$28
47 years$1,008$577$316$167$86$25
48 years$976$551$297$154$78$22
49 years$945$526$279$142$71$19
50 years$916$503$262$131$64$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $938,000, adding $2,891 every year, while hoping to spend $31,010 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: 82/8/10 Blend
29$938,000$938,000$938,000$938,000
30$1,036,658$986,944$972,405$1,119,817
31$1,109,403$1,002,310$971,986$1,190,069
32$1,188,528$1,017,389$970,514$1,262,778
33$1,274,652$1,032,136$967,920$1,341,670
34$1,368,455$1,046,499$964,134$1,427,348
35$1,470,685$1,060,425$959,080$1,520,478
36$1,582,166$1,073,857$952,681$1,621,789
37$1,703,805$1,086,733$944,853$1,732,088
38$1,836,598$1,098,989$935,511$1,852,263
39$1,981,646$1,110,553$924,565$1,983,290
40$2,140,156$1,121,353$911,920$2,126,247
41$2,313,460$1,131,307$897,478$2,282,319
42$2,503,024$1,140,332$881,134$2,452,813
43$2,710,461$1,148,338$862,782$2,639,170
44$2,937,550$1,155,228$842,306$2,842,976
45$3,186,246$1,160,900$819,589$3,065,977
46$3,458,704$1,165,245$794,507$3,310,099
47$3,757,298$1,168,149$766,929$3,577,465
48$4,084,642$1,169,487$736,720$3,870,411
49$4,443,614$1,169,130$703,739$4,191,514
50$4,837,385$1,166,940$667,836$4,543,612
51$5,269,447$1,162,769$628,857$4,929,832
52$5,743,646$1,156,460$586,640$5,353,621
53$6,264,220$1,147,849$541,015$5,818,776
54$6,835,837$1,136,760$491,805$6,329,482
55$7,463,638$1,123,007$438,826$6,890,351
56$8,153,286$1,106,391$381,884$7,506,465
57$8,911,022$1,086,705$320,778$8,183,423
58$9,743,719$1,063,727$255,297$8,927,397
59$10,658,951$1,037,221$185,221$9,745,188
60$11,665,059$1,006,940$110,321$10,644,291
61$12,771,235$972,620$30,357$11,632,964
62$13,987,605$933,983$0$12,720,309
63$15,325,328$890,735$0$13,922,222
64$16,796,694$842,564$0$15,247,730
65$18,415,247$789,140$0$16,705,800
66$20,195,909$730,115$0$18,309,887
67$22,155,121$665,120$0$20,074,817
68$24,310,999$593,766$0$22,016,927
69$26,683,502$515,642$0$24,154,219
70$29,294,623$430,312$0$26,506,529
71$32,168,595$337,317$0$29,095,718
72$35,332,118$236,172$0$31,945,871
73$38,814,614$126,365$0$35,083,532
74$42,648,501$7,353$0$38,537,951
75$46,869,500$0$0$42,341,358
76$51,516,974$0$0$46,539,961
77$56,634,293$0$0$51,163,771
78$62,269,250$0$0$56,255,327
79$68,474,508$0$0$61,862,216
80$75,308,097$0$0$68,036,877
81$82,833,962$0$0$74,837,091
82$91,122,564$0$0$82,326,532
83$100,251,550$0$0$90,575,361
84$110,306,478$0$0$99,660,894
85$121,381,631$0$0$109,668,327
86$133,580,902$0$0$120,691,542
87$147,018,776$0$0$132,833,991
88$161,821,412$0$0$146,209,676
89$178,127,827$0$0$160,944,219
90$196,091,218$0$0$177,176,052
91$215,880,396$0$0$195,057,720
92$237,681,388$0$0$214,757,325
93$261,699,189$0$0$236,460,107
94$288,159,696$0$0$260,370,194
95$317,311,842$0$0$286,712,532
96$349,429,941$0$0$315,735,003
97$384,816,284$0$0$347,710,766
98$423,803,986$0$0$382,940,837
99$466,760,131$0$0$421,756,928
100$514,089,238$0$0$464,524,578