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%12.5%
1 years$77,624$76,933$76,258$75,600$74,957$74,174
2 years$38,428$37,712$37,019$36,346$35,694$34,905
3 years$25,364$24,645$23,953$23,287$22,646$21,876
4 years$18,834$18,117$17,432$16,777$16,151$15,407
5 years$14,916$14,204$13,528$12,886$12,278$11,560
6 years$12,305$11,599$10,933$10,305$9,715$9,025
7 years$10,441$9,740$9,085$8,473$7,901$7,240
8 years$9,044$8,349$7,705$7,108$6,555$5,921
9 years$7,958$7,270$6,636$6,054$5,520$4,915
10 years$7,089$6,408$5,786$5,219$4,703$4,126
11 years$6,379$5,704$5,094$4,542$4,045$3,495
12 years$5,788$5,120$4,520$3,984$3,505$2,981
13 years$5,288$4,627$4,039$3,517$3,057$2,559
14 years$4,859$4,206$3,629$3,122$2,679$2,207
15 years$4,489$3,842$3,276$2,784$2,359$1,911
16 years$4,165$3,525$2,970$2,493$2,085$1,661
17 years$3,879$3,246$2,703$2,240$1,849$1,447
18 years$3,625$3,000$2,467$2,019$1,644$1,265
19 years$3,399$2,780$2,259$1,824$1,465$1,107
20 years$3,195$2,584$2,073$1,652$1,309$971
21 years$3,011$2,406$1,907$1,499$1,171$853
22 years$2,843$2,246$1,757$1,363$1,050$751
23 years$2,691$2,101$1,623$1,242$942$662
24 years$2,552$1,968$1,501$1,132$847$583
25 years$2,423$1,847$1,390$1,034$762$515
26 years$2,305$1,736$1,289$946$687$455
27 years$2,196$1,634$1,197$865$619$402
28 years$2,095$1,540$1,113$793$559$356
29 years$2,001$1,452$1,036$727$504$315
30 years$1,913$1,372$965$667$456$279
31 years$1,832$1,297$899$613$412$247
32 years$1,755$1,227$839$563$373$219
33 years$1,683$1,162$783$518$337$194
34 years$1,616$1,101$732$477$305$172
35 years$1,553$1,045$684$439$277$153
36 years$1,493$991$640$404$251$136
37 years$1,437$942$599$372$227$120
38 years$1,383$895$561$343$206$107
39 years$1,333$851$526$316$187$95
40 years$1,285$810$493$292$169$84
41 years$1,240$771$462$269$154$75
42 years$1,197$734$433$248$139$66
43 years$1,156$699$407$229$127$59
44 years$1,117$667$382$212$115$52
45 years$1,080$636$358$196$104$47
46 years$1,044$606$337$181$95$41
47 years$1,011$579$316$167$86$37
48 years$978$552$297$154$78$33
49 years$947$528$279$143$71$29
50 years$918$504$263$132$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $940,000, adding $6,717 every year, while hoping to spend $49,695 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: 67/20/13 Blend
29$940,000$940,000$940,000$940,000
30$1,042,809$992,989$978,419$1,109,160
31$1,096,300$988,770$958,321$1,150,003
32$1,153,582$982,679$935,884$1,188,142
33$1,214,989$974,572$910,977$1,228,575
34$1,280,887$964,295$883,464$1,271,524
35$1,351,678$951,686$853,201$1,317,232
36$1,427,805$936,575$820,039$1,365,969
37$1,509,752$918,777$783,821$1,418,034
38$1,598,051$898,102$744,383$1,473,758
39$1,693,287$874,344$701,555$1,533,507
40$1,796,103$847,287$655,158$1,597,686
41$1,907,204$816,703$605,004$1,666,743
42$2,027,366$782,349$550,899$1,741,174
43$2,157,442$743,969$492,639$1,821,528
44$2,298,370$701,292$430,011$1,908,411
45$2,451,179$654,030$362,792$2,002,496
46$2,617,004$601,882$290,750$2,104,523
47$2,797,090$544,527$213,642$2,215,314
48$2,992,810$481,625$131,215$2,335,776
49$3,205,671$412,819$43,206$2,466,913
50$3,437,333$337,731$0$2,609,833
51$3,689,623$255,961$0$2,772,798
52$3,964,549$167,088$0$2,956,980
53$4,264,322$70,665$0$3,157,920
54$4,591,378$0$0$3,377,315
55$4,948,394$0$0$3,624,473
56$5,338,319$0$0$3,911,453
57$5,764,401$0$0$4,225,100
58$6,230,212$0$0$4,568,051
59$6,739,688$0$0$4,943,211
60$7,297,161$0$0$5,353,777
61$7,907,403$0$0$5,803,271
62$8,575,666$0$0$6,295,572
63$9,307,736$0$0$6,834,948
64$10,109,983$0$0$7,426,104
65$10,989,424$0$0$8,074,218
66$11,953,788$0$0$8,784,995
67$13,011,585$0$0$9,564,719
68$14,172,191$0$0$10,420,309
69$15,445,931$0$0$11,359,389
70$16,844,180$0$0$12,390,357
71$18,379,468$0$0$13,522,460
72$20,065,596$0$0$14,765,889
73$21,917,770$0$0$16,131,869
74$23,952,737$0$0$17,632,763
75$26,188,951$0$0$19,282,196
76$28,646,740$0$0$21,095,173
77$31,348,498$0$0$23,088,230
78$34,318,898$0$0$25,279,580
79$37,585,125$0$0$27,689,294
80$41,177,126$0$0$30,339,481
81$45,127,898$0$0$33,254,502
82$49,473,797$0$0$36,461,198
83$54,254,877$0$0$39,989,141
84$59,515,271$0$0$43,870,914
85$65,303,608$0$0$48,142,420
86$71,673,464$0$0$52,843,214
87$78,683,877$0$0$58,016,882
88$86,399,892$0$0$63,711,450
89$94,893,184$0$0$69,979,834
90$104,242,728$0$0$76,880,343
91$114,535,544$0$0$84,477,224
92$125,867,519$0$0$92,841,273
93$138,344,310$0$0$102,050,496
94$152,082,340$0$0$112,190,852
95$167,209,897$0$0$123,357,058
96$183,868,342$0$0$135,653,482
97$202,213,445$0$0$149,195,133
98$222,416,850$0$0$164,108,740
99$244,667,697$0$0$180,533,950
100$269,174,407$0$0$198,624,643