Can I retire at age 30 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$77,789$77,097$76,421$75,761$75,116$74,456
2 years$38,510$37,792$37,097$36,423$35,770$35,104
3 years$25,418$24,698$24,004$23,337$22,694$22,044
4 years$18,874$18,155$17,469$16,813$16,185$15,556
5 years$14,948$14,234$13,557$12,914$12,304$11,697
6 years$12,332$11,623$10,956$10,327$9,736$9,152
7 years$10,464$9,761$9,104$8,491$7,918$7,357
8 years$9,063$8,367$7,721$7,123$6,568$6,031
9 years$7,975$7,285$6,650$6,067$5,532$5,018
10 years$7,104$6,421$5,798$5,230$4,713$4,222
11 years$6,393$5,717$5,104$4,551$4,054$3,585
12 years$5,800$5,131$4,530$3,992$3,513$3,067
13 years$5,299$4,637$4,047$3,525$3,063$2,639
14 years$4,870$4,215$3,636$3,129$2,685$2,282
15 years$4,498$3,850$3,283$2,790$2,364$1,981
16 years$4,173$3,533$2,977$2,498$2,089$1,726
17 years$3,887$3,253$2,709$2,245$1,853$1,509
18 years$3,633$3,006$2,473$2,023$1,647$1,322
19 years$3,406$2,786$2,264$1,828$1,468$1,161
20 years$3,202$2,589$2,077$1,656$1,312$1,021
21 years$3,017$2,412$1,911$1,503$1,174$900
22 years$2,850$2,251$1,761$1,366$1,052$794
23 years$2,697$2,105$1,626$1,244$944$702
24 years$2,557$1,973$1,504$1,135$849$621
25 years$2,429$1,851$1,393$1,036$764$550
26 years$2,310$1,740$1,292$948$688$487
27 years$2,201$1,637$1,200$867$620$432
28 years$2,100$1,543$1,115$795$560$384
29 years$2,005$1,456$1,038$729$505$341
30 years$1,918$1,375$967$669$457$303
31 years$1,836$1,299$901$614$413$269
32 years$1,759$1,230$841$564$373$239
33 years$1,687$1,164$785$519$338$213
34 years$1,619$1,104$734$478$306$189
35 years$1,556$1,047$686$440$277$168
36 years$1,496$994$642$405$251$150
37 years$1,440$944$600$373$228$134
38 years$1,386$897$562$344$206$119
39 years$1,336$853$527$317$187$106
40 years$1,288$811$494$292$170$94
41 years$1,242$772$463$270$154$84
42 years$1,199$736$434$249$140$75
43 years$1,158$701$408$230$127$67
44 years$1,119$668$383$212$115$60
45 years$1,082$637$359$196$104$53
46 years$1,047$608$337$181$95$47
47 years$1,013$580$317$167$86$42
48 years$980$554$298$155$78$38
49 years$949$529$280$143$71$34
50 years$920$505$263$132$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $942,000, adding $5,363 every year, while hoping to spend $20,579 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: 52/36/12 Blend
29$942,000$942,000$942,000$942,000
30$1,043,616$993,690$979,089$1,094,304
31$1,128,169$1,020,485$989,993$1,156,276
32$1,220,656$1,047,903$1,000,572$1,220,993
33$1,321,866$1,075,953$1,010,794$1,290,904
34$1,432,666$1,104,644$1,020,624$1,366,506
35$1,554,010$1,133,984$1,030,027$1,448,343
36$1,686,950$1,163,980$1,038,965$1,537,018
37$1,832,645$1,194,641$1,047,396$1,633,191
38$1,992,370$1,225,973$1,055,279$1,737,592
39$2,167,530$1,257,984$1,062,569$1,851,022
40$2,359,672$1,290,680$1,069,219$1,974,365
41$2,570,501$1,324,065$1,075,180$2,108,594
42$2,801,894$1,358,147$1,080,400$2,254,779
43$3,055,919$1,392,927$1,084,826$2,414,102
44$3,334,853$1,428,412$1,088,398$2,587,861
45$3,641,207$1,464,603$1,091,058$2,777,488
46$3,977,744$1,501,502$1,092,743$2,984,560
47$4,347,510$1,539,112$1,093,386$3,210,816
48$4,753,859$1,577,431$1,092,917$3,458,167
49$5,200,487$1,616,460$1,091,264$3,728,724
50$5,691,466$1,656,195$1,088,350$4,024,809
51$6,231,281$1,696,635$1,084,096$4,348,981
52$6,824,875$1,737,773$1,078,416$4,704,061
53$7,477,692$1,779,604$1,071,223$5,093,155
54$8,195,732$1,822,120$1,062,425$5,519,688
55$8,985,605$1,865,312$1,051,925$5,987,430
56$9,854,593$1,909,169$1,039,620$6,500,540
57$10,810,720$1,953,677$1,025,406$7,063,596
58$11,862,828$1,998,821$1,009,171$7,681,646
59$13,020,656$2,044,583$990,799$8,360,250
60$14,294,940$2,090,944$970,167$9,105,537
61$15,697,505$2,137,882$947,149$9,924,261
62$17,241,383$2,185,371$921,611$10,823,862
63$18,940,933$2,233,382$893,413$11,812,540
64$20,811,975$2,281,886$862,410$12,899,333
65$22,871,945$2,330,846$828,449$14,094,200
66$25,140,052$2,380,226$791,371$15,408,113
67$27,637,464$2,429,984$751,008$16,853,167
68$30,387,505$2,480,073$707,187$18,442,689
69$33,415,878$2,530,443$659,725$20,191,365
70$36,750,903$2,581,041$608,431$22,115,382
71$40,423,788$2,631,806$553,107$24,232,574
72$44,468,924$2,682,673$493,545$26,562,600
73$48,924,203$2,733,573$429,528$29,127,119
74$53,831,384$2,784,430$360,829$31,950,005
75$59,236,479$2,835,161$287,211$35,057,564
76$65,190,195$2,885,679$208,427$38,478,790
77$71,748,405$2,935,887$124,220$42,245,632
78$78,972,679$2,985,683$34,318$46,393,300
79$86,930,867$3,034,956$0$50,960,598
80$95,697,734$3,083,587$0$55,998,179
81$105,355,668$3,131,449$0$61,550,481
82$115,995,460$3,178,403$0$67,665,079
83$127,717,156$3,224,304$0$74,399,248
84$140,631,006$3,268,995$0$81,816,107
85$154,858,499$3,312,306$0$89,985,209
86$170,533,515$3,354,058$0$98,983,206
87$187,803,585$3,394,059$0$108,894,566
88$206,831,285$3,432,102$0$119,812,373
89$227,795,771$3,467,970$0$131,839,207
90$250,894,466$3,501,427$0$145,088,113
91$276,344,930$3,532,225$0$159,683,665
92$304,386,906$3,560,097$0$175,763,146
93$335,284,590$3,584,762$0$193,477,844
94$369,329,120$3,605,917$0$212,994,477
95$406,841,325$3,623,241$0$234,496,774
96$448,174,755$3,636,395$0$258,187,202
97$493,719,016$3,645,015$0$284,288,886
98$543,903,452$3,648,716$0$313,047,709
99$599,201,189$3,647,089$0$344,734,638
100$660,133,614$3,639,699$0$379,648,284