Can I retire at age 30 with 940,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13%
1 years$77,624$76,933$76,258$75,600$74,957$74,020
2 years$38,428$37,712$37,019$36,346$35,694$34,751
3 years$25,364$24,645$23,953$23,287$22,646$21,727
4 years$18,834$18,117$17,432$16,777$16,151$15,263
5 years$14,916$14,204$13,528$12,886$12,278$11,422
6 years$12,305$11,599$10,933$10,305$9,715$8,894
7 years$10,441$9,740$9,085$8,473$7,901$7,114
8 years$9,044$8,349$7,705$7,108$6,555$5,802
9 years$7,958$7,270$6,636$6,054$5,520$4,802
10 years$7,089$6,408$5,786$5,219$4,703$4,019
11 years$6,379$5,704$5,094$4,542$4,045$3,393
12 years$5,788$5,120$4,520$3,984$3,505$2,886
13 years$5,288$4,627$4,039$3,517$3,057$2,469
14 years$4,859$4,206$3,629$3,122$2,679$2,122
15 years$4,489$3,842$3,276$2,784$2,359$1,831
16 years$4,165$3,525$2,970$2,493$2,085$1,586
17 years$3,879$3,246$2,703$2,240$1,849$1,377
18 years$3,625$3,000$2,467$2,019$1,644$1,199
19 years$3,399$2,780$2,259$1,824$1,465$1,046
20 years$3,195$2,584$2,073$1,652$1,309$914
21 years$3,011$2,406$1,907$1,499$1,171$800
22 years$2,843$2,246$1,757$1,363$1,050$702
23 years$2,691$2,101$1,623$1,242$942$616
24 years$2,552$1,968$1,501$1,132$847$541
25 years$2,423$1,847$1,390$1,034$762$476
26 years$2,305$1,736$1,289$946$687$419
27 years$2,196$1,634$1,197$865$619$369
28 years$2,095$1,540$1,113$793$559$325
29 years$2,001$1,452$1,036$727$504$286
30 years$1,913$1,372$965$667$456$252
31 years$1,832$1,297$899$613$412$223
32 years$1,755$1,227$839$563$373$197
33 years$1,683$1,162$783$518$337$174
34 years$1,616$1,101$732$477$305$153
35 years$1,553$1,045$684$439$277$135
36 years$1,493$991$640$404$251$120
37 years$1,437$942$599$372$227$106
38 years$1,383$895$561$343$206$93
39 years$1,333$851$526$316$187$83
40 years$1,285$810$493$292$169$73
41 years$1,240$771$462$269$154$65
42 years$1,197$734$433$248$139$57
43 years$1,156$699$407$229$127$50
44 years$1,117$667$382$212$115$45
45 years$1,080$636$358$196$104$39
46 years$1,044$606$337$181$95$35
47 years$1,011$579$316$167$86$31
48 years$978$552$297$154$78$27
49 years$947$528$279$143$71$24
50 years$918$504$263$132$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $940,000, adding $5,360 every year, while hoping to spend $23,324 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: 75/20/5 Blend
29$940,000$940,000$940,000$940,000
30$1,041,409$991,589$977,019$1,118,761
31$1,122,816$1,015,360$984,932$1,194,110
32$1,211,745$1,039,515$992,329$1,273,128
33$1,308,938$1,064,046$999,168$1,359,029
34$1,415,214$1,088,948$1,005,404$1,452,486
35$1,531,471$1,114,212$1,010,990$1,554,237
36$1,658,702$1,139,829$1,015,879$1,665,098
37$1,797,997$1,165,789$1,020,019$1,785,967
38$1,950,559$1,192,079$1,023,356$1,917,830
39$2,117,711$1,218,686$1,025,833$2,061,777
40$2,300,911$1,245,594$1,027,392$2,219,005
41$2,501,764$1,272,788$1,027,969$2,390,836
42$2,722,037$1,300,248$1,027,500$2,578,723
43$2,963,679$1,327,955$1,025,915$2,784,268
44$3,228,835$1,355,885$1,023,144$3,009,235
45$3,519,866$1,384,013$1,019,109$3,255,568
46$3,839,376$1,412,313$1,013,733$3,525,408
47$4,190,231$1,440,755$1,006,931$3,821,115
48$4,575,589$1,469,307$998,618$4,145,287
49$4,998,929$1,497,933$988,702$4,500,788
50$5,464,084$1,526,596$977,087$4,890,772
51$5,975,275$1,555,254$963,675$5,318,715
52$6,537,155$1,583,862$948,359$5,788,447
53$7,154,846$1,612,374$931,031$6,304,187
54$7,833,996$1,640,735$911,576$6,870,585
55$8,580,824$1,668,891$889,874$7,492,764
56$9,402,182$1,696,781$865,799$8,176,369
57$10,305,622$1,724,341$839,220$8,927,620
58$11,299,461$1,751,500$810,000$9,753,370
59$12,392,866$1,778,183$777,995$10,661,173
60$13,595,936$1,804,311$743,056$11,659,350
61$14,919,797$1,829,798$705,024$12,757,072
62$16,376,710$1,854,552$663,735$13,964,445
63$17,980,184$1,878,474$619,020$15,292,603
64$19,745,102$1,901,459$570,697$16,753,820
65$21,687,867$1,923,396$518,580$18,361,615
66$23,826,551$1,944,163$462,473$20,130,892
67$26,181,065$1,963,633$402,172$22,078,071
68$28,773,352$1,981,670$337,463$24,221,246
69$31,627,590$1,998,127$268,124$26,580,360
70$34,770,420$2,012,851$193,922$29,177,388
71$38,231,198$2,025,676$114,614$32,036,544
72$42,042,273$2,036,427$29,946$35,184,515
73$46,239,289$2,044,916$0$38,650,710
74$50,861,526$2,050,946$0$42,470,758
75$55,952,264$2,054,305$0$46,679,065
76$61,559,197$2,054,768$0$51,313,404
77$67,734,881$2,052,098$0$56,417,161
78$74,537,230$2,046,041$0$62,038,150
79$82,030,060$2,036,330$0$68,229,058
80$90,283,694$2,022,679$0$75,047,949
81$99,375,627$2,004,785$0$82,558,807
82$109,391,250$1,982,329$0$90,832,142
83$120,424,666$1,954,971$0$99,945,658
84$132,579,568$1,922,352$0$109,984,984
85$145,970,225$1,884,088$0$121,044,481
86$160,722,557$1,839,777$0$133,228,139
87$176,975,323$1,788,992$0$146,650,551
88$194,881,432$1,731,278$0$161,438,003
89$214,609,384$1,666,157$0$177,729,659
90$236,344,864$1,593,121$0$195,678,882
91$260,292,491$1,511,635$0$215,454,677
92$286,677,750$1,421,130$0$237,243,287
93$315,749,121$1,321,006$0$261,249,958
94$347,780,424$1,210,628$0$287,700,867
95$383,073,405$1,089,326$0$316,845,266
96$421,960,580$956,391$0$348,957,833
97$464,808,378$811,073$0$384,341,264
98$512,020,598$652,580$0$423,329,131
99$564,042,219$480,078$0$466,289,037
100$621,363,605$292,681$0$513,626,081