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%16.7%
1 years$77,542$76,851$76,177$75,519$74,877$72,831
2 years$38,387$37,672$36,979$36,307$35,656$33,609
3 years$25,337$24,619$23,928$23,263$22,622$20,638
4 years$18,813$18,098$17,413$16,759$16,134$14,230
5 years$14,900$14,189$13,514$12,873$12,265$10,445
6 years$12,292$11,586$10,921$10,294$9,705$7,971
7 years$10,430$9,730$9,075$8,464$7,892$6,244
8 years$9,034$8,340$7,697$7,100$6,548$4,985
9 years$7,949$7,262$6,629$6,048$5,514$4,035
10 years$7,082$6,401$5,779$5,213$4,698$3,301
11 years$6,372$5,698$5,088$4,537$4,041$2,723
12 years$5,781$5,115$4,516$3,979$3,502$2,261
13 years$5,282$4,622$4,034$3,513$3,053$1,887
14 years$4,854$4,201$3,625$3,119$2,677$1,582
15 years$4,484$3,838$3,273$2,781$2,357$1,331
16 years$4,160$3,521$2,967$2,490$2,083$1,123
17 years$3,875$3,243$2,700$2,238$1,847$949
18 years$3,621$2,997$2,465$2,017$1,642$805
19 years$3,395$2,777$2,256$1,822$1,464$683
20 years$3,191$2,581$2,071$1,650$1,307$581
21 years$3,007$2,404$1,905$1,498$1,170$494
22 years$2,840$2,244$1,756$1,362$1,049$421
23 years$2,688$2,099$1,621$1,240$941$359
24 years$2,549$1,966$1,499$1,131$846$306
25 years$2,421$1,845$1,388$1,033$761$262
26 years$2,303$1,734$1,288$945$686$223
27 years$2,194$1,632$1,196$865$618$191
28 years$2,093$1,538$1,112$792$558$163
29 years$1,999$1,451$1,034$726$504$140
30 years$1,911$1,370$964$667$455$119
31 years$1,830$1,295$898$612$412$102
32 years$1,753$1,226$838$563$372$87
33 years$1,682$1,161$783$517$337$75
34 years$1,614$1,100$731$476$305$64
35 years$1,551$1,043$684$438$276$55
36 years$1,491$990$639$404$250$47
37 years$1,435$941$599$372$227$40
38 years$1,382$894$561$343$206$34
39 years$1,331$850$525$316$187$30
40 years$1,284$809$492$292$169$25
41 years$1,238$770$462$269$153$22
42 years$1,195$733$433$248$139$19
43 years$1,155$699$406$229$126$16
44 years$1,116$666$381$212$115$14
45 years$1,079$635$358$195$104$12
46 years$1,043$606$336$180$95$10
47 years$1,009$578$316$167$86$9
48 years$977$552$297$154$78$7
49 years$946$527$279$142$71$6
50 years$917$503$262$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $939,000, adding $2,269 every year, while hoping to spend $53,009 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: 52/30/18 Blend
29$939,000$939,000$939,000$939,000
30$1,037,118$987,351$972,797$1,085,827
31$1,086,503$979,331$948,985$1,111,506
32$1,139,149$969,140$922,598$1,133,689
33$1,195,332$956,617$893,494$1,156,664
34$1,255,355$941,591$861,526$1,180,523
35$1,319,550$923,878$826,536$1,205,370
36$1,388,283$903,286$788,363$1,231,324
37$1,461,951$879,611$746,837$1,258,516
38$1,540,993$852,635$701,779$1,287,097
39$1,625,891$822,130$653,005$1,317,236
40$1,717,171$787,854$600,320$1,349,123
41$1,815,413$749,549$543,521$1,382,972
42$1,921,252$706,945$482,397$1,419,023
43$2,035,389$659,754$416,726$1,457,544
44$2,158,590$607,673$346,277$1,498,838
45$2,291,698$550,381$270,810$1,543,241
46$2,435,641$487,540$190,071$1,591,133
47$2,591,437$418,790$103,799$1,642,934
48$2,760,206$343,753$11,719$1,699,117
49$2,943,179$262,029$0$1,760,208
50$3,141,711$173,196$0$1,843,417
51$3,357,291$76,807$0$1,936,260
52$3,591,555$0$0$2,037,273
53$3,846,308$0$0$2,156,445
54$4,123,530$0$0$2,313,804
55$4,425,403$0$0$2,485,241
56$4,754,327$0$0$2,672,131
57$5,112,944$0$0$2,875,986
58$5,504,160$0$0$3,098,469
59$5,931,176$0$0$3,341,414
60$6,397,513$0$0$3,606,836
61$6,907,050$0$0$3,896,957
62$7,464,055$0$0$4,214,219
63$8,073,228$0$0$4,561,316
64$8,739,743$0$0$4,941,209
65$9,469,298$0$0$5,357,163
66$10,268,169$0$0$5,812,770
67$11,143,263$0$0$6,311,988
68$12,102,192$0$0$6,859,176
69$13,153,334$0$0$7,459,132
70$14,305,919$0$0$8,117,145
71$15,570,112$0$0$8,839,036
72$16,957,111$0$0$9,631,218
73$18,479,247$0$0$10,500,758
74$20,150,105$0$0$11,455,436
75$21,984,648$0$0$12,503,824
76$23,999,361$0$0$13,655,366
77$26,212,401$0$0$14,920,464
78$28,643,773$0$0$16,310,578
79$31,315,512$0$0$17,838,332
80$34,251,895$0$0$19,517,636
81$37,479,669$0$0$21,363,813
82$41,028,300$0$0$23,393,744
83$44,930,251$0$0$25,626,028
84$49,221,288$0$0$28,081,159
85$53,940,817$0$0$30,781,713
86$59,132,256$0$0$33,752,567
87$64,843,440$0$0$37,021,127
88$71,127,076$0$0$40,617,594
89$78,041,234$0$0$44,575,240
90$85,649,902$0$0$48,930,727
91$94,023,580$0$0$53,724,451
92$103,239,951$0$0$59,000,924
93$113,384,610$0$0$64,809,189
94$124,551,870$0$0$71,203,287
95$136,845,656$0$0$78,242,765
96$150,380,476$0$0$85,993,238
97$165,282,510$0$0$94,527,004
98$181,690,793$0$0$103,923,732
99$199,758,529$0$0$114,271,209
100$219,654,535$0$0$125,666,166