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%18.1%
1 years$77,459$76,769$76,096$75,439$74,797$72,345
2 years$38,346$37,632$36,940$36,269$35,618$33,171
3 years$25,310$24,593$23,903$23,238$22,597$20,232
4 years$18,793$18,078$17,395$16,741$16,117$13,851
5 years$14,884$14,174$13,499$12,859$12,252$10,092
6 years$12,279$11,574$10,909$10,283$9,694$7,643
7 years$10,419$9,720$9,066$8,455$7,884$5,940
8 years$9,025$8,332$7,688$7,092$6,541$4,703
9 years$7,941$7,254$6,622$6,041$5,508$3,774
10 years$7,074$6,394$5,773$5,208$4,693$3,061
11 years$6,365$5,692$5,083$4,532$4,036$2,502
12 years$5,775$5,109$4,511$3,975$3,498$2,058
13 years$5,276$4,617$4,030$3,510$3,050$1,702
14 years$4,849$4,197$3,621$3,115$2,674$1,413
15 years$4,479$3,834$3,269$2,778$2,354$1,177
16 years$4,156$3,518$2,964$2,488$2,081$983
17 years$3,871$3,240$2,697$2,235$1,845$823
18 years$3,618$2,993$2,462$2,014$1,640$690
19 years$3,391$2,774$2,254$1,820$1,462$580
20 years$3,188$2,578$2,069$1,649$1,306$487
21 years$3,004$2,401$1,903$1,496$1,169$410
22 years$2,837$2,242$1,754$1,360$1,048$346
23 years$2,685$2,096$1,619$1,239$940$292
24 years$2,546$1,964$1,497$1,130$845$246
25 years$2,418$1,843$1,387$1,032$761$208
26 years$2,300$1,732$1,286$944$685$176
27 years$2,192$1,630$1,194$864$618$148
28 years$2,091$1,536$1,110$791$557$125
29 years$1,997$1,449$1,033$726$503$106
30 years$1,909$1,369$963$666$455$90
31 years$1,828$1,294$897$612$411$76
32 years$1,751$1,224$837$562$372$64
33 years$1,680$1,159$782$517$337$54
34 years$1,613$1,099$730$476$305$46
35 years$1,549$1,042$683$438$276$39
36 years$1,490$989$639$403$250$33
37 years$1,434$940$598$371$227$28
38 years$1,380$893$560$342$205$24
39 years$1,330$849$525$316$186$20
40 years$1,282$808$492$291$169$17
41 years$1,237$769$461$269$153$14
42 years$1,194$732$432$248$139$12
43 years$1,153$698$406$229$126$10
44 years$1,114$665$381$211$115$9
45 years$1,077$634$358$195$104$7
46 years$1,042$605$336$180$94$6
47 years$1,008$577$316$167$86$5
48 years$976$551$297$154$78$4
49 years$945$526$279$142$71$4
50 years$916$503$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $938,000, adding $3,133 every year, while hoping to spend $42,271 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: 67/23/10 Blend
29$938,000$938,000$938,000$938,000
30$1,036,908$987,194$972,655$1,104,026
31$1,097,696$990,590$960,263$1,152,447
32$1,163,269$992,736$946,039$1,200,027
33$1,234,068$993,526$929,877$1,250,942
34$1,310,581$992,848$911,666$1,305,515
35$1,393,344$990,581$891,291$1,364,098
36$1,482,945$986,599$868,628$1,427,084
37$1,580,030$980,767$843,553$1,494,905
38$1,685,312$972,944$815,931$1,568,038
39$1,799,573$962,977$785,623$1,647,010
40$1,923,672$950,705$752,484$1,732,403
41$2,058,557$935,960$716,362$1,824,858
42$2,205,267$918,560$677,098$1,925,084
43$2,364,950$898,315$634,527$2,033,865
44$2,538,865$875,022$588,473$2,152,065
45$2,728,398$848,467$538,756$2,280,636
46$2,935,077$818,425$485,187$2,420,632
47$3,160,582$784,654$427,567$2,573,215
48$3,406,761$746,902$365,690$2,739,668
49$3,675,649$704,899$299,340$2,921,408
50$3,969,489$658,362$228,291$3,119,996
51$4,290,746$606,991$152,308$3,337,157
52$4,642,137$550,469$71,146$3,574,797
53$5,026,653$488,460$0$3,835,014
54$5,447,586$420,609$0$4,121,779
55$5,908,563$346,542$0$4,444,208
56$6,413,578$265,864$0$4,797,555
57$6,967,028$178,156$0$5,184,965
58$7,573,756$82,977$0$5,609,908
59$8,239,098$0$0$6,076,211
60$8,968,928$0$0$6,593,190
61$9,769,719$0$0$7,183,534
62$10,648,597$0$0$7,831,506
63$11,613,417$0$0$8,542,901
64$12,672,825$0$0$9,324,104
65$13,836,351$0$0$10,182,150
66$15,114,489$0$0$11,124,787
67$16,518,803$0$0$12,160,550
68$18,062,030$0$0$13,298,844
69$19,758,202$0$0$14,550,028
70$21,622,781$0$0$15,925,516
71$23,672,797$0$0$17,437,883
72$25,927,017$0$0$19,100,982
73$28,406,114$0$0$20,930,076
74$31,132,867$0$0$22,941,984
75$34,132,374$0$0$25,155,232
76$37,432,284$0$0$27,590,237
77$41,063,065$0$0$30,269,491
78$45,058,285$0$0$33,217,778
79$49,454,931$0$0$36,462,406
80$54,293,758$0$0$40,033,462
81$59,619,669$0$0$43,964,101
82$65,482,144$0$0$48,290,853
83$71,935,700$0$0$53,053,969
84$79,040,413$0$0$58,297,803
85$86,862,475$0$0$64,071,226
86$95,474,826$0$0$70,428,090
87$104,957,837$0$0$77,427,735
88$115,400,068$0$0$85,135,547
89$126,899,108$0$0$93,623,577
90$139,562,490$0$0$102,971,218
91$153,508,706$0$0$113,265,957
92$168,868,328$0$0$124,604,197
93$185,785,236$0$0$137,092,168
94$204,417,977$0$0$150,846,930
95$224,941,261$0$0$165,997,476
96$247,547,608$0$0$182,685,948
97$272,449,167$0$0$201,068,982
98$299,879,713$0$0$221,319,181
99$330,096,858$0$0$243,626,746
100$363,384,478$0$0$268,201,273