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%14.4%
1 years$77,707$77,015$76,339$75,680$75,037$73,672
2 years$38,469$37,752$37,058$36,385$35,732$34,362
3 years$25,391$24,672$23,979$23,312$22,670$21,337
4 years$18,854$18,136$17,451$16,795$16,168$14,884
5 years$14,932$14,219$13,542$12,900$12,291$11,057
6 years$12,319$11,611$10,944$10,316$9,725$8,545
7 years$10,453$9,751$9,095$8,482$7,909$6,781
8 years$9,054$8,358$7,713$7,115$6,562$5,486
9 years$7,966$7,277$6,643$6,060$5,526$4,503
10 years$7,097$6,415$5,792$5,224$4,708$3,736
11 years$6,386$5,711$5,099$4,547$4,049$3,127
12 years$5,794$5,125$4,525$3,988$3,509$2,636
13 years$5,293$4,632$4,043$3,521$3,060$2,234
14 years$4,865$4,210$3,633$3,125$2,682$1,903
15 years$4,493$3,846$3,280$2,787$2,362$1,626
16 years$4,169$3,529$2,974$2,496$2,087$1,395
17 years$3,883$3,250$2,706$2,242$1,851$1,199
18 years$3,629$3,003$2,470$2,021$1,646$1,034
19 years$3,402$2,783$2,261$1,826$1,467$893
20 years$3,198$2,586$2,075$1,654$1,310$772
21 years$3,014$2,409$1,909$1,501$1,172$669
22 years$2,847$2,249$1,759$1,365$1,051$580
23 years$2,694$2,103$1,624$1,243$943$504
24 years$2,554$1,971$1,502$1,134$848$438
25 years$2,426$1,849$1,391$1,035$763$380
26 years$2,308$1,738$1,290$947$687$331
27 years$2,199$1,636$1,198$866$620$288
28 years$2,097$1,541$1,114$794$559$251
29 years$2,003$1,454$1,037$728$505$219
30 years$1,915$1,373$966$668$456$191
31 years$1,834$1,298$900$614$412$166
32 years$1,757$1,228$840$564$373$145
33 years$1,685$1,163$784$519$338$127
34 years$1,618$1,102$733$477$306$111
35 years$1,554$1,046$685$439$277$97
36 years$1,495$992$641$404$251$84
37 years$1,438$943$600$373$227$74
38 years$1,385$896$562$344$206$64
39 years$1,334$852$526$317$187$56
40 years$1,286$810$493$292$170$49
41 years$1,241$771$463$270$154$43
42 years$1,198$735$434$249$140$37
43 years$1,157$700$407$230$127$33
44 years$1,118$667$382$212$115$29
45 years$1,081$636$359$196$104$25
46 years$1,045$607$337$181$95$22
47 years$1,012$579$317$167$86$19
48 years$979$553$298$154$78$17
49 years$948$528$280$143$71$15
50 years$919$504$263$132$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $941,000, adding $6,798 every year, while hoping to spend $49,709 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: 76/14/10 Blend
29$941,000$941,000$941,000$941,000
30$1,043,994$994,121$979,536$1,120,982
31$1,097,592$989,943$959,460$1,168,438
32$1,154,990$983,894$937,046$1,213,452
33$1,216,524$975,831$912,162$1,261,383
34$1,282,563$965,599$884,673$1,312,503
35$1,353,508$953,038$854,434$1,367,112
36$1,429,804$937,975$821,295$1,425,540
37$1,511,937$920,228$785,102$1,488,152
38$1,600,441$899,605$745,688$1,555,349
39$1,695,902$875,902$702,885$1,627,576
40$1,798,964$848,902$656,512$1,705,323
41$1,910,337$818,377$606,384$1,789,129
42$2,030,798$784,084$552,304$1,879,592
43$2,161,202$745,767$494,069$1,977,368
44$2,302,491$703,155$431,467$2,083,184
45$2,455,698$655,962$364,273$2,197,841
46$2,621,959$603,885$292,257$2,322,223
47$2,802,527$546,603$215,175$2,457,306
48$2,998,776$483,778$132,775$2,604,166
49$3,212,220$415,052$44,792$2,763,991
50$3,444,523$340,046$0$2,938,091
51$3,697,518$258,362$0$3,133,152
52$3,973,221$169,578$0$3,350,971
53$4,273,849$73,247$0$3,588,557
54$4,601,846$0$0$3,847,885
55$4,959,899$0$0$4,135,924
56$5,350,965$0$0$4,462,881
57$5,778,303$0$0$4,820,197
58$6,245,498$0$0$5,210,876
59$6,756,498$0$0$5,638,223
60$7,315,650$0$0$6,105,879
61$7,927,739$0$0$6,617,850
62$8,598,038$0$0$7,178,552
63$9,332,349$0$0$7,792,845
64$10,137,065$0$0$8,466,081
65$11,019,226$0$0$9,204,155
66$11,986,586$0$0$10,013,561
67$13,047,683$0$0$10,901,449
68$14,211,923$0$0$11,875,697
69$15,489,668$0$0$12,944,981
70$16,892,328$0$0$14,118,858
71$18,432,476$0$0$15,407,854
72$20,123,958$0$0$16,823,568
73$21,982,029$0$0$18,378,775
74$24,023,495$0$0$20,087,547
75$26,266,868$0$0$21,965,390
76$28,732,543$0$0$24,029,383
77$31,442,991$0$0$26,298,344
78$34,422,966$0$0$28,793,006
79$37,699,742$0$0$31,536,208
80$41,303,366$0$0$34,553,116
81$45,266,944$0$0$37,871,455
82$49,626,953$0$0$41,521,773
83$54,423,580$0$0$45,537,727
84$59,701,105$0$0$49,956,402
85$65,508,317$0$0$54,818,658
86$71,898,973$0$0$60,169,514
87$78,932,302$0$0$66,058,578
88$86,673,569$0$0$72,540,507
89$95,194,687$0$0$79,675,527
90$104,574,891$0$0$87,530,000
91$114,901,492$0$0$96,177,048
92$126,270,694$0$0$105,697,242
93$138,788,508$0$0$116,179,366
94$152,571,741$0$0$127,721,248
95$167,749,108$0$0$140,430,687
96$184,462,442$0$0$154,426,467
97$202,868,027$0$0$169,839,481
98$223,138,080$0$0$186,813,959
99$245,462,370$0$0$205,508,836
100$270,050,010$0$0$226,099,246