Can I retire at age 30 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$77,707$77,015$76,339$75,680$75,037$72,606
2 years$38,469$37,752$37,058$36,385$35,732$33,305
3 years$25,391$24,672$23,979$23,312$22,670$20,324
4 years$18,854$18,136$17,451$16,795$16,168$13,921
5 years$14,932$14,219$13,542$12,900$12,291$10,149
6 years$12,319$11,611$10,944$10,316$9,725$7,690
7 years$10,453$9,751$9,095$8,482$7,909$5,980
8 years$9,054$8,358$7,713$7,115$6,562$4,737
9 years$7,966$7,277$6,643$6,060$5,526$3,804
10 years$7,097$6,415$5,792$5,224$4,708$3,087
11 years$6,386$5,711$5,099$4,547$4,049$2,525
12 years$5,794$5,125$4,525$3,988$3,509$2,079
13 years$5,293$4,632$4,043$3,521$3,060$1,720
14 years$4,865$4,210$3,633$3,125$2,682$1,429
15 years$4,493$3,846$3,280$2,787$2,362$1,191
16 years$4,169$3,529$2,974$2,496$2,087$995
17 years$3,883$3,250$2,706$2,242$1,851$834
18 years$3,629$3,003$2,470$2,021$1,646$700
19 years$3,402$2,783$2,261$1,826$1,467$588
20 years$3,198$2,586$2,075$1,654$1,310$495
21 years$3,014$2,409$1,909$1,501$1,172$417
22 years$2,847$2,249$1,759$1,365$1,051$352
23 years$2,694$2,103$1,624$1,243$943$297
24 years$2,554$1,971$1,502$1,134$848$251
25 years$2,426$1,849$1,391$1,035$763$212
26 years$2,308$1,738$1,290$947$687$179
27 years$2,199$1,636$1,198$866$620$152
28 years$2,097$1,541$1,114$794$559$128
29 years$2,003$1,454$1,037$728$505$108
30 years$1,915$1,373$966$668$456$92
31 years$1,834$1,298$900$614$412$78
32 years$1,757$1,228$840$564$373$66
33 years$1,685$1,163$784$519$338$56
34 years$1,618$1,102$733$477$306$47
35 years$1,554$1,046$685$439$277$40
36 years$1,495$992$641$404$251$34
37 years$1,438$943$600$373$227$29
38 years$1,385$896$562$344$206$24
39 years$1,334$852$526$317$187$21
40 years$1,286$810$493$292$170$17
41 years$1,241$771$463$270$154$15
42 years$1,198$735$434$249$140$13
43 years$1,157$700$407$230$127$11
44 years$1,118$667$382$212$115$9
45 years$1,081$636$359$196$104$8
46 years$1,045$607$337$181$95$6
47 years$1,012$579$317$167$86$5
48 years$979$553$298$154$78$5
49 years$948$528$280$143$71$4
50 years$919$504$263$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $941,000, adding $3,340 every year, while hoping to spend $49,455 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: 68/25/7 Blend
29$941,000$941,000$941,000$941,000
30$1,040,427$990,554$975,969$1,109,745
31$1,093,931$986,472$956,044$1,152,033
32$1,151,235$980,531$933,794$1,191,946
33$1,212,674$972,591$909,089$1,234,259
34$1,278,616$962,497$881,793$1,279,200
35$1,349,465$950,090$851,764$1,327,018
36$1,425,664$935,198$818,851$1,377,990
37$1,507,700$917,641$782,901$1,432,422
38$1,596,107$897,227$743,750$1,490,652
39$1,691,473$873,753$701,228$1,553,056
40$1,794,441$847,005$655,157$1,620,047
41$1,905,721$816,755$605,352$1,692,083
42$2,026,091$782,763$551,618$1,769,672
43$2,156,407$744,774$493,752$1,853,372
44$2,297,611$702,518$431,543$1,943,805
45$2,450,737$655,711$364,770$2,041,654
46$2,616,923$604,052$293,200$2,147,676
47$2,797,421$547,222$216,594$2,262,710
48$2,993,607$484,885$134,699$2,387,680
49$3,206,996$416,685$47,253$2,523,609
50$3,439,254$342,247$0$2,671,628
51$3,692,214$261,173$0$2,836,426
52$3,967,894$173,045$0$3,019,934
53$4,268,514$77,419$0$3,220,166
54$4,596,518$0$0$3,438,830
55$4,954,596$0$0$3,685,014
56$5,345,709$0$0$3,977,223
57$5,773,116$0$0$4,296,603
58$6,240,406$0$0$4,645,841
59$6,751,531$0$0$5,027,898
60$7,310,840$0$0$5,446,031
61$7,923,124$0$0$5,903,831
62$8,593,658$0$0$6,405,250
63$9,328,252$0$0$6,954,638
64$10,133,303$0$0$7,556,790
65$11,015,856$0$0$8,216,984
66$11,983,672$0$0$8,941,034
67$13,045,297$0$0$9,735,344
68$14,210,146$0$0$10,606,966
69$15,488,587$0$0$11,563,670
70$16,892,043$0$0$12,614,014
71$18,433,096$0$0$13,767,424
72$20,125,605$0$0$15,034,287
73$21,984,838$0$0$16,426,040
74$24,027,616$0$0$17,955,288
75$26,272,467$0$0$19,635,913
76$28,739,805$0$0$21,483,211
77$31,452,119$0$0$23,514,034
78$34,434,187$0$0$25,746,945
79$37,713,304$0$0$28,202,400
80$41,319,547$0$0$30,902,933
81$45,286,050$0$0$33,873,373
82$49,649,322$0$0$37,141,076
83$54,449,586$0$0$40,736,181
84$59,731,162$0$0$44,691,899
85$65,542,883$0$0$49,044,820
86$71,938,551$0$0$53,835,261
87$78,977,453$0$0$59,107,645
88$86,724,909$0$0$64,910,919
89$95,252,895$0$0$71,299,018
90$104,640,721$0$0$78,331,369
91$114,975,774$0$0$86,073,455
92$126,354,346$0$0$94,597,430
93$138,882,541$0$0$103,982,803
94$152,677,272$0$0$114,317,181
95$167,867,371$0$0$125,697,102
96$184,594,796$0$0$138,228,942
97$203,015,974$0$0$152,029,917
98$223,303,276$0$0$167,229,192
99$245,646,643$0$0$183,969,099
100$270,255,376$0$0$202,406,476