Can I retire at age 30 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$77,624$76,933$76,258$75,600$74,957$72,587
2 years$38,428$37,712$37,019$36,346$35,694$33,327
3 years$25,364$24,645$23,953$23,287$22,646$20,357
4 years$18,834$18,117$17,432$16,777$16,151$13,958
5 years$14,916$14,204$13,528$12,886$12,278$10,186
6 years$12,305$11,599$10,933$10,305$9,715$7,727
7 years$10,441$9,740$9,085$8,473$7,901$6,015
8 years$9,044$8,349$7,705$7,108$6,555$4,771
9 years$7,958$7,270$6,636$6,054$5,520$3,836
10 years$7,089$6,408$5,786$5,219$4,703$3,117
11 years$6,379$5,704$5,094$4,542$4,045$2,553
12 years$5,788$5,120$4,520$3,984$3,505$2,104
13 years$5,288$4,627$4,039$3,517$3,057$1,743
14 years$4,859$4,206$3,629$3,122$2,679$1,450
15 years$4,489$3,842$3,276$2,784$2,359$1,211
16 years$4,165$3,525$2,970$2,493$2,085$1,013
17 years$3,879$3,246$2,703$2,240$1,849$850
18 years$3,625$3,000$2,467$2,019$1,644$715
19 years$3,399$2,780$2,259$1,824$1,465$602
20 years$3,195$2,584$2,073$1,652$1,309$507
21 years$3,011$2,406$1,907$1,499$1,171$428
22 years$2,843$2,246$1,757$1,363$1,050$361
23 years$2,691$2,101$1,623$1,242$942$306
24 years$2,552$1,968$1,501$1,132$847$258
25 years$2,423$1,847$1,390$1,034$762$219
26 years$2,305$1,736$1,289$946$687$185
27 years$2,196$1,634$1,197$865$619$157
28 years$2,095$1,540$1,113$793$559$133
29 years$2,001$1,452$1,036$727$504$113
30 years$1,913$1,372$965$667$456$96
31 years$1,832$1,297$899$613$412$81
32 years$1,755$1,227$839$563$373$69
33 years$1,683$1,162$783$518$337$58
34 years$1,616$1,101$732$477$305$49
35 years$1,553$1,045$684$439$277$42
36 years$1,493$991$640$404$251$36
37 years$1,437$942$599$372$227$30
38 years$1,383$895$561$343$206$26
39 years$1,333$851$526$316$187$22
40 years$1,285$810$493$292$169$18
41 years$1,240$771$462$269$154$16
42 years$1,197$734$433$248$139$13
43 years$1,156$699$407$229$127$11
44 years$1,117$667$382$212$115$10
45 years$1,080$636$358$196$104$8
46 years$1,044$606$337$181$95$7
47 years$1,011$579$316$167$86$6
48 years$978$552$297$154$78$5
49 years$947$528$279$143$71$4
50 years$918$504$263$132$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $940,000, adding $4,524 every year, while hoping to spend $33,906 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: 84/8/8 Blend
29$940,000$940,000$940,000$940,000
30$1,040,547$990,727$976,157$1,126,633
31$1,110,607$1,003,196$972,782$1,196,013
32$1,186,676$1,015,141$968,158$1,267,154
33$1,269,333$1,026,499$962,207$1,344,237
34$1,359,212$1,037,204$954,848$1,427,838
35$1,457,011$1,047,186$945,994$1,518,589
36$1,563,499$1,056,371$935,558$1,617,189
37$1,679,521$1,064,679$923,445$1,724,408
38$1,806,010$1,072,026$909,558$1,841,090
39$1,943,988$1,078,320$893,793$1,968,169
40$2,094,583$1,083,466$876,044$2,106,671
41$2,259,037$1,087,363$856,198$2,257,727
42$2,438,716$1,089,901$834,138$2,422,584
43$2,635,124$1,090,964$809,740$2,602,615
44$2,849,916$1,090,431$782,876$2,799,330
45$3,084,917$1,088,172$753,412$3,014,396
46$3,342,133$1,084,047$721,206$3,249,649
47$3,623,776$1,077,910$686,111$3,507,111
48$3,932,280$1,069,607$647,975$3,789,009
49$4,270,326$1,058,971$606,635$4,097,799
50$4,640,867$1,045,828$561,925$4,436,185
51$5,047,154$1,029,993$513,669$4,807,147
52$5,492,770$1,011,268$461,683$5,213,970
53$5,981,659$989,447$405,775$5,660,272
54$6,518,166$964,308$345,747$6,150,041
55$7,107,078$935,618$281,388$6,687,670
56$7,753,667$903,130$212,482$7,278,001
57$8,463,740$866,582$138,799$7,926,370
58$9,243,695$825,699$60,103$8,638,657
59$10,100,581$780,187$0$9,421,340
60$11,042,161$729,737$0$10,283,598
61$12,076,988$674,021$0$11,236,869
62$13,214,487$612,694$0$12,284,709
63$14,465,038$545,389$0$13,436,700
64$15,840,080$471,721$0$14,703,396
65$17,352,214$391,281$0$16,096,428
66$19,015,323$303,637$0$17,628,611
67$20,844,705$208,335$0$19,314,068
68$22,857,213$104,891$0$21,168,358
69$25,071,417$0$0$23,208,630
70$27,507,777$0$0$25,454,412
71$30,188,836$0$0$27,935,932
72$33,139,434$0$0$30,666,949
73$36,386,941$0$0$33,672,800
74$39,961,512$0$0$36,981,399
75$43,896,378$0$0$40,623,505
76$48,228,152$0$0$44,633,010
77$52,997,178$0$0$49,047,262
78$58,247,913$0$0$53,907,410
79$64,029,341$0$0$59,258,799
80$70,395,439$0$0$65,151,395
81$77,405,684$0$0$71,640,253
82$85,125,617$0$0$78,786,042
83$93,627,456$0$0$86,655,614
84$102,990,783$0$0$95,322,634
85$113,303,288$0$0$104,868,277
86$124,661,604$0$0$115,381,992
87$137,172,211$0$0$126,962,346
88$150,952,446$0$0$139,717,954
89$166,131,609$0$0$153,768,507
90$182,852,179$0$0$169,245,894
91$201,271,165$0$0$186,295,455
92$221,561,582$0$0$205,077,344
93$243,914,084$0$0$225,768,049
94$268,538,769$0$0$248,562,049
95$295,667,153$0$0$273,673,656
96$325,554,361$0$0$301,339,032
97$358,481,533$0$0$331,818,422
98$394,758,476$0$0$365,398,609
99$434,726,590$0$0$402,395,618
100$478,762,088$0$0$443,157,702