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%19.1%
1 years$77,459$76,769$76,096$75,439$74,797$72,058
2 years$38,346$37,632$36,940$36,269$35,618$32,888
3 years$25,310$24,593$23,903$23,238$22,597$19,963
4 years$18,793$18,078$17,395$16,741$16,117$13,599
5 years$14,884$14,174$13,499$12,859$12,252$9,856
6 years$12,279$11,574$10,909$10,283$9,694$7,423
7 years$10,419$9,720$9,066$8,455$7,884$5,736
8 years$9,025$8,332$7,688$7,092$6,541$4,515
9 years$7,941$7,254$6,622$6,041$5,508$3,601
10 years$7,074$6,394$5,773$5,208$4,693$2,902
11 years$6,365$5,692$5,083$4,532$4,036$2,357
12 years$5,775$5,109$4,511$3,975$3,498$1,926
13 years$5,276$4,617$4,030$3,510$3,050$1,582
14 years$4,849$4,197$3,621$3,115$2,674$1,304
15 years$4,479$3,834$3,269$2,778$2,354$1,078
16 years$4,156$3,518$2,964$2,488$2,081$894
17 years$3,871$3,240$2,697$2,235$1,845$743
18 years$3,618$2,993$2,462$2,014$1,640$619
19 years$3,391$2,774$2,254$1,820$1,462$516
20 years$3,188$2,578$2,069$1,649$1,306$430
21 years$3,004$2,401$1,903$1,496$1,169$360
22 years$2,837$2,242$1,754$1,360$1,048$301
23 years$2,685$2,096$1,619$1,239$940$252
24 years$2,546$1,964$1,497$1,130$845$211
25 years$2,418$1,843$1,387$1,032$761$176
26 years$2,300$1,732$1,286$944$685$148
27 years$2,192$1,630$1,194$864$618$124
28 years$2,091$1,536$1,110$791$557$104
29 years$1,997$1,449$1,033$726$503$87
30 years$1,909$1,369$963$666$455$73
31 years$1,828$1,294$897$612$411$61
32 years$1,751$1,224$837$562$372$51
33 years$1,680$1,159$782$517$337$43
34 years$1,613$1,099$730$476$305$36
35 years$1,549$1,042$683$438$276$30
36 years$1,490$989$639$403$250$26
37 years$1,434$940$598$371$227$21
38 years$1,380$893$560$342$205$18
39 years$1,330$849$525$316$186$15
40 years$1,282$808$492$291$169$13
41 years$1,237$769$461$269$153$11
42 years$1,194$732$432$248$139$9
43 years$1,153$698$406$229$126$7
44 years$1,114$665$381$211$115$6
45 years$1,077$634$358$195$104$5
46 years$1,042$605$336$180$94$4
47 years$1,008$577$316$167$86$4
48 years$976$551$297$154$78$3
49 years$945$526$279$142$71$3
50 years$916$503$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $938,000, adding $3,234 every year, while hoping to spend $24,592 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: 48/29/23 Blend
29$938,000$938,000$938,000$938,000
30$1,037,012$987,298$972,759$1,079,877
31$1,116,621$1,009,510$979,181$1,132,362
32$1,203,527$1,031,986$984,993$1,186,609
33$1,298,446$1,054,713$990,150$1,245,017
34$1,402,171$1,077,677$994,603$1,307,990
35$1,515,571$1,100,861$998,301$1,375,970
36$1,639,604$1,124,249$1,001,189$1,449,446
37$1,775,327$1,147,820$1,003,212$1,528,957
38$1,923,900$1,171,553$1,004,310$1,615,098
39$2,086,604$1,195,425$1,004,420$1,708,523
40$2,264,847$1,219,411$1,003,478$1,809,954
41$2,460,181$1,243,482$1,001,414$1,920,187
42$2,674,316$1,267,608$998,157$2,040,101
43$2,909,133$1,291,758$993,633$2,170,663
44$3,166,705$1,315,895$987,760$2,312,940
45$3,449,317$1,339,981$980,458$2,468,109
46$3,759,482$1,363,975$971,638$2,637,467
47$4,099,972$1,387,833$961,210$2,822,444
48$4,473,838$1,411,506$949,080$3,024,618
49$4,884,442$1,434,942$935,146$3,245,728
50$5,335,487$1,458,086$919,306$3,487,690
51$5,831,053$1,480,878$901,449$3,752,619
52$6,375,634$1,503,255$881,461$4,042,845
53$6,974,181$1,525,147$859,222$4,360,938
54$7,632,149$1,546,481$834,608$4,709,732
55$8,355,549$1,567,179$807,488$5,092,350
56$9,151,000$1,587,156$777,724$5,512,237
57$10,025,797$1,606,322$745,173$5,973,189
58$10,987,977$1,624,581$709,685$6,479,394
59$12,046,396$1,641,830$671,105$7,035,467
60$13,210,809$1,657,961$629,268$7,646,497
61$14,491,967$1,672,855$584,003$8,318,093
62$15,901,712$1,686,390$535,132$9,056,441
63$17,453,096$1,698,433$482,468$9,868,358
64$19,160,498$1,708,842$425,817$10,761,363
65$21,039,761$1,717,467$364,973$11,743,742
66$23,108,342$1,724,149$299,726$12,824,629
67$25,385,479$1,728,718$229,853$14,014,097
68$27,892,366$1,730,993$155,121$15,323,247
69$30,652,359$1,730,784$75,289$16,764,317
70$33,691,193$1,727,886$0$18,350,798
71$37,037,226$1,722,083$0$20,099,993
72$40,721,703$1,713,145$0$22,045,740
73$44,779,058$1,700,831$0$24,187,682
74$49,247,231$1,684,881$0$26,545,808
75$54,168,031$1,665,021$0$29,142,151
76$59,587,525$1,640,963$0$32,000,990
77$65,556,480$1,612,397$0$35,149,083
78$72,130,836$1,579,000$0$38,615,922
79$79,372,235$1,540,425$0$42,434,007
80$87,348,605$1,496,307$0$46,639,157
81$96,134,797$1,446,261$0$51,270,848
82$105,813,295$1,389,876$0$56,372,585
83$116,474,991$1,326,720$0$61,992,314
84$128,220,045$1,256,334$0$68,182,877
85$141,158,830$1,178,235$0$75,002,506
86$155,412,972$1,091,910$0$82,515,382
87$171,116,498$996,817$0$90,792,234
88$188,417,104$892,383$0$99,911,012
89$207,477,542$778,004$0$109,957,621
90$228,477,166$653,040$0$121,026,735
91$251,613,613$516,816$0$133,222,693
92$277,104,679$368,617$0$146,660,479
93$305,190,368$207,691$0$161,466,818
94$336,135,159$33,242$0$177,781,365
95$370,230,503$0$0$195,758,029
96$407,797,574$0$0$215,616,073
97$449,190,297$0$0$237,508,253
98$494,798,695$0$0$261,630,265
99$545,052,567$0$0$288,209,451
100$600,425,542$0$0$317,496,341