Can I retire at age 30 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$77,542$76,851$76,177$75,519$74,877$74,436
2 years$38,387$37,672$36,979$36,307$35,656$35,211
3 years$25,337$24,619$23,928$23,263$22,622$22,187
4 years$18,813$18,098$17,413$16,759$16,134$15,712
5 years$14,900$14,189$13,514$12,873$12,265$11,858
6 years$12,292$11,586$10,921$10,294$9,705$9,313
7 years$10,430$9,730$9,075$8,464$7,892$7,515
8 years$9,034$8,340$7,697$7,100$6,548$6,186
9 years$7,949$7,262$6,629$6,048$5,514$5,167
10 years$7,082$6,401$5,779$5,213$4,698$4,366
11 years$6,372$5,698$5,088$4,537$4,041$3,724
12 years$5,781$5,115$4,516$3,979$3,502$3,199
13 years$5,282$4,622$4,034$3,513$3,053$2,765
14 years$4,854$4,201$3,625$3,119$2,677$2,402
15 years$4,484$3,838$3,273$2,781$2,357$2,095
16 years$4,160$3,521$2,967$2,490$2,083$1,835
17 years$3,875$3,243$2,700$2,238$1,847$1,611
18 years$3,621$2,997$2,465$2,017$1,642$1,419
19 years$3,395$2,777$2,256$1,822$1,464$1,252
20 years$3,191$2,581$2,071$1,650$1,307$1,107
21 years$3,007$2,404$1,905$1,498$1,170$981
22 years$2,840$2,244$1,756$1,362$1,049$870
23 years$2,688$2,099$1,621$1,240$941$773
24 years$2,549$1,966$1,499$1,131$846$688
25 years$2,421$1,845$1,388$1,033$761$612
26 years$2,303$1,734$1,288$945$686$545
27 years$2,194$1,632$1,196$865$618$486
28 years$2,093$1,538$1,112$792$558$434
29 years$1,999$1,451$1,034$726$504$388
30 years$1,911$1,370$964$667$455$346
31 years$1,830$1,295$898$612$412$310
32 years$1,753$1,226$838$563$372$277
33 years$1,682$1,161$783$517$337$248
34 years$1,614$1,100$731$476$305$222
35 years$1,551$1,043$684$438$276$198
36 years$1,491$990$639$404$250$178
37 years$1,435$941$599$372$227$159
38 years$1,382$894$561$343$206$143
39 years$1,331$850$525$316$187$128
40 years$1,284$809$492$292$169$115
41 years$1,238$770$462$269$153$103
42 years$1,195$733$433$248$139$92
43 years$1,155$699$406$229$126$83
44 years$1,116$666$381$212$115$74
45 years$1,079$635$358$195$104$66
46 years$1,043$606$336$180$95$60
47 years$1,009$578$316$167$86$53
48 years$977$552$297$154$78$48
49 years$946$527$279$142$71$43
50 years$917$503$262$132$64$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $939,000, adding $5,760 every year, while hoping to spend $54,868 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: 45/45/10 Blend
29$939,000$939,000$939,000$939,000
30$1,040,719$990,952$976,398$1,084,359
31$1,088,494$981,130$950,728$1,105,347
32$1,139,302$968,987$922,359$1,122,010
33$1,193,396$954,353$891,144$1,138,836
34$1,251,051$937,044$856,925$1,155,859
35$1,312,568$916,870$819,543$1,173,123
36$1,378,278$893,625$778,826$1,190,676
37$1,448,544$867,093$734,597$1,208,579
38$1,523,761$837,047$686,672$1,226,900
39$1,604,366$803,243$634,857$1,245,723
40$1,690,835$765,426$578,949$1,265,142
41$1,783,694$723,326$518,737$1,285,267
42$1,883,516$676,654$454,000$1,306,226
43$1,990,934$625,109$384,508$1,328,165
44$2,106,640$568,371$310,020$1,351,252
45$2,231,396$506,099$230,284$1,375,679
46$2,366,039$437,938$145,039$1,401,665
47$2,511,486$363,509$54,010$1,429,459
48$2,668,749$282,412$0$1,459,344
49$2,838,937$194,226$0$1,496,244
50$3,023,271$98,505$0$1,542,366
51$3,223,091$0$0$1,592,387
52$3,439,874$0$0$1,649,388
53$3,675,241$0$0$1,764,329
54$3,930,978$0$0$1,889,315
55$4,209,047$0$0$2,025,317
56$4,511,608$0$0$2,173,406
57$4,841,037$0$0$2,334,757
58$5,199,950$0$0$2,510,665
59$5,591,222$0$0$2,702,556
60$6,018,023$0$0$2,911,997
61$6,483,836$0$0$3,140,715
62$6,992,500$0$0$3,390,611
63$7,548,238$0$0$3,663,777
64$8,155,699$0$0$3,962,516
65$8,820,005$0$0$4,289,365
66$9,546,791$0$0$4,647,118
67$10,342,264$0$0$5,038,848
68$11,213,259$0$0$5,467,943
69$12,167,302$0$0$5,938,133
70$13,212,682$0$0$6,453,524
71$14,358,527$0$0$7,018,641
72$15,614,889$0$0$7,638,466
73$16,992,842$0$0$8,318,487
74$18,504,580$0$0$9,064,748
75$20,163,538$0$0$9,883,907
76$21,984,512$0$0$10,783,299
77$23,983,800$0$0$11,771,004
78$26,179,357$0$0$12,855,920
79$28,590,961$0$0$14,047,851
80$31,240,399$0$0$15,357,600
81$34,151,675$0$0$16,797,065
82$37,351,231$0$0$18,379,354
83$40,868,198$0$0$20,118,910
84$44,734,671$0$0$22,031,643
85$48,986,008$0$0$24,135,084
86$53,661,167$0$0$26,448,548
87$58,803,067$0$0$28,993,312
88$64,458,997$0$0$31,792,823
89$70,681,060$0$0$34,872,914
90$77,526,661$0$0$38,262,046
91$85,059,052$0$0$41,991,581
92$93,347,924$0$0$46,096,073
93$102,470,066$0$0$50,613,595
94$112,510,087$0$0$55,586,100
95$123,561,214$0$0$61,059,813
96$135,726,172$0$0$67,085,669
97$149,118,149$0$0$73,719,791
98$163,861,867$0$0$81,024,022
99$180,094,755$0$0$89,066,506
100$197,968,246$0$0$97,922,331