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%17.3%
1 years$77,542$76,851$76,177$75,519$74,877$72,655
2 years$38,387$37,672$36,979$36,307$35,656$33,435
3 years$25,337$24,619$23,928$23,263$22,622$20,472
4 years$18,813$18,098$17,413$16,759$16,134$14,073
5 years$14,900$14,189$13,514$12,873$12,265$10,297
6 years$12,292$11,586$10,921$10,294$9,705$7,832
7 years$10,430$9,730$9,075$8,464$7,892$6,115
8 years$9,034$8,340$7,697$7,100$6,548$4,864
9 years$7,949$7,262$6,629$6,048$5,514$3,923
10 years$7,082$6,401$5,779$5,213$4,698$3,197
11 years$6,372$5,698$5,088$4,537$4,041$2,627
12 years$5,781$5,115$4,516$3,979$3,502$2,173
13 years$5,282$4,622$4,034$3,513$3,053$1,806
14 years$4,854$4,201$3,625$3,119$2,677$1,508
15 years$4,484$3,838$3,273$2,781$2,357$1,263
16 years$4,160$3,521$2,967$2,490$2,083$1,061
17 years$3,875$3,243$2,700$2,238$1,847$893
18 years$3,621$2,997$2,465$2,017$1,642$754
19 years$3,395$2,777$2,256$1,822$1,464$637
20 years$3,191$2,581$2,071$1,650$1,307$539
21 years$3,007$2,404$1,905$1,498$1,170$457
22 years$2,840$2,244$1,756$1,362$1,049$387
23 years$2,688$2,099$1,621$1,240$941$329
24 years$2,549$1,966$1,499$1,131$846$279
25 years$2,421$1,845$1,388$1,033$761$237
26 years$2,303$1,734$1,288$945$686$202
27 years$2,194$1,632$1,196$865$618$171
28 years$2,093$1,538$1,112$792$558$146
29 years$1,999$1,451$1,034$726$504$124
30 years$1,911$1,370$964$667$455$106
31 years$1,830$1,295$898$612$412$90
32 years$1,753$1,226$838$563$372$77
33 years$1,682$1,161$783$517$337$65
34 years$1,614$1,100$731$476$305$56
35 years$1,551$1,043$684$438$276$47
36 years$1,491$990$639$404$250$40
37 years$1,435$941$599$372$227$34
38 years$1,382$894$561$343$206$29
39 years$1,331$850$525$316$187$25
40 years$1,284$809$492$292$169$21
41 years$1,238$770$462$269$153$18
42 years$1,195$733$433$248$139$15
43 years$1,155$699$406$229$126$13
44 years$1,116$666$381$212$115$11
45 years$1,079$635$358$195$104$10
46 years$1,043$606$336$180$95$8
47 years$1,009$578$316$167$86$7
48 years$977$552$297$154$78$6
49 years$946$527$279$142$71$5
50 years$917$503$262$132$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $939,000, adding $6,484 every year, while hoping to spend $22,105 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: 56/16/28 Blend
29$939,000$939,000$939,000$939,000
30$1,041,466$991,699$977,145$1,091,425
31$1,124,176$1,016,773$986,360$1,151,588
32$1,214,582$1,042,334$995,142$1,214,266
33$1,313,445$1,068,384$1,003,455$1,282,111
34$1,421,603$1,094,922$1,011,258$1,355,628
35$1,539,981$1,121,947$1,018,509$1,435,376
36$1,669,594$1,149,458$1,025,164$1,521,968
37$1,811,563$1,177,452$1,031,177$1,616,083
38$1,967,120$1,205,924$1,036,499$1,718,466
39$2,137,623$1,234,872$1,041,079$1,829,939
40$2,324,568$1,264,289$1,044,863$1,951,410
41$2,529,603$1,294,167$1,047,795$2,083,876
42$2,754,540$1,324,499$1,049,814$2,228,440
43$3,001,379$1,355,276$1,050,859$2,386,315
44$3,272,321$1,386,485$1,050,863$2,558,838
45$3,569,790$1,418,115$1,049,760$2,747,484
46$3,896,458$1,450,152$1,047,475$2,953,878
47$4,255,265$1,482,578$1,043,935$3,179,811
48$4,649,454$1,515,377$1,039,059$3,427,257
49$5,082,596$1,548,527$1,032,764$3,698,393
50$5,558,622$1,582,007$1,024,964$3,995,617
51$6,081,868$1,615,792$1,015,566$4,321,573
52$6,657,108$1,649,854$1,004,477$4,679,175
53$7,289,601$1,684,165$991,595$5,071,636
54$7,985,142$1,718,692$976,815$5,502,495
55$8,750,117$1,753,398$960,029$5,975,656
56$9,591,560$1,788,245$941,121$6,495,420
57$10,517,221$1,823,191$919,970$7,066,529
58$11,535,640$1,858,190$896,452$7,694,208
59$12,656,227$1,893,192$870,434$8,384,217
60$13,889,347$1,928,144$841,779$9,142,906
61$15,246,425$1,962,988$810,343$9,977,272
62$16,740,046$1,997,660$775,975$10,895,029
63$18,384,079$2,032,093$738,519$11,904,679
64$20,193,804$2,066,215$697,809$13,015,592
65$22,186,060$2,099,948$653,673$14,238,095
66$24,379,399$2,133,206$605,932$15,583,574
67$26,794,265$2,165,901$554,398$17,064,574
68$29,453,185$2,197,934$498,875$18,694,924
69$32,380,981$2,229,204$439,158$20,489,866
70$35,605,004$2,259,598$375,033$22,466,199
71$39,155,394$2,288,998$306,277$24,642,438
72$43,065,363$2,317,277$232,655$27,038,990
73$47,371,506$2,344,300$153,925$29,678,346
74$52,114,150$2,369,921$69,832$32,585,294
75$57,337,732$2,393,986$0$35,787,156
76$63,091,220$2,416,331$0$39,319,990
77$69,428,572$2,436,779$0$43,233,686
78$76,409,249$2,455,144$0$47,544,020
79$84,098,772$2,471,225$0$52,291,393
80$92,569,344$2,484,812$0$57,520,327
81$101,900,527$2,495,679$0$63,279,882
82$112,179,999$2,503,584$0$69,624,126
83$123,504,373$2,508,274$0$76,612,636
84$135,980,117$2,509,477$0$84,311,070
85$149,724,553$2,506,906$0$92,791,780
86$164,866,967$2,500,254$0$102,134,500
87$181,549,829$2,489,198$0$112,427,095
88$199,930,135$2,473,392$0$123,766,391
89$220,180,892$2,452,472$0$136,259,094
90$242,492,750$2,426,050$0$150,022,790
91$267,075,799$2,393,715$0$165,187,062
92$294,161,557$2,355,033$0$181,894,708
93$324,005,149$2,309,543$0$200,303,094
94$356,887,719$2,256,755$0$220,585,636
95$393,119,083$2,196,153$0$242,933,440
96$433,040,655$2,127,190$0$267,557,106
97$477,028,665$2,049,285$0$294,688,715
98$525,497,714$1,961,826$0$324,584,022
99$578,904,688$1,864,163$0$357,524,869
100$637,753,070$1,755,610$0$393,821,850