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%17.9%
1 years$77,789$77,097$76,421$75,761$75,116$72,712
2 years$38,510$37,792$37,097$36,423$35,770$33,369
3 years$25,418$24,698$24,004$23,337$22,694$20,373
4 years$18,874$18,155$17,469$16,813$16,185$13,962
5 years$14,948$14,234$13,557$12,914$12,304$10,184
6 years$12,332$11,623$10,956$10,327$9,736$7,720
7 years$10,464$9,761$9,104$8,491$7,918$6,007
8 years$9,063$8,367$7,721$7,123$6,568$4,762
9 years$7,975$7,285$6,650$6,067$5,532$3,826
10 years$7,104$6,421$5,798$5,230$4,713$3,107
11 years$6,393$5,717$5,104$4,551$4,054$2,543
12 years$5,800$5,131$4,530$3,992$3,513$2,095
13 years$5,299$4,637$4,047$3,525$3,063$1,734
14 years$4,870$4,215$3,636$3,129$2,685$1,442
15 years$4,498$3,850$3,283$2,790$2,364$1,203
16 years$4,173$3,533$2,977$2,498$2,089$1,006
17 years$3,887$3,253$2,709$2,245$1,853$843
18 years$3,633$3,006$2,473$2,023$1,647$708
19 years$3,406$2,786$2,264$1,828$1,468$596
20 years$3,202$2,589$2,077$1,656$1,312$502
21 years$3,017$2,412$1,911$1,503$1,174$423
22 years$2,850$2,251$1,761$1,366$1,052$357
23 years$2,697$2,105$1,626$1,244$944$302
24 years$2,557$1,973$1,504$1,135$849$255
25 years$2,429$1,851$1,393$1,036$764$216
26 years$2,310$1,740$1,292$948$688$182
27 years$2,201$1,637$1,200$867$620$154
28 years$2,100$1,543$1,115$795$560$131
29 years$2,005$1,456$1,038$729$505$111
30 years$1,918$1,375$967$669$457$94
31 years$1,836$1,299$901$614$413$79
32 years$1,759$1,230$841$564$373$67
33 years$1,687$1,164$785$519$338$57
34 years$1,619$1,104$734$478$306$48
35 years$1,556$1,047$686$440$277$41
36 years$1,496$994$642$405$251$35
37 years$1,440$944$600$373$228$29
38 years$1,386$897$562$344$206$25
39 years$1,336$853$527$317$187$21
40 years$1,288$811$494$292$170$18
41 years$1,242$772$463$270$154$15
42 years$1,199$736$434$249$140$13
43 years$1,158$701$408$230$127$11
44 years$1,119$668$383$212$115$9
45 years$1,082$637$359$196$104$8
46 years$1,047$608$337$181$95$7
47 years$1,013$580$317$167$86$6
48 years$980$554$298$155$78$5
49 years$949$529$280$143$71$4
50 years$920$505$263$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $942,000, adding $6,890 every year, while hoping to spend $54,275 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: 54/17/29 Blend
29$942,000$942,000$942,000$942,000
30$1,045,191$995,265$980,664$1,092,858
31$1,094,052$986,285$955,768$1,117,614
32$1,146,078$975,046$928,219$1,138,445
33$1,201,535$961,379$897,871$1,160,051
34$1,260,712$945,108$864,570$1,182,525
35$1,323,929$926,042$828,158$1,205,977
36$1,391,535$903,984$788,466$1,230,529
37$1,463,913$878,720$745,321$1,256,318
38$1,541,482$850,027$698,539$1,283,500
39$1,624,703$817,668$647,930$1,312,249
40$1,714,081$781,392$593,294$1,342,762
41$1,810,171$740,934$534,423$1,375,260
42$1,913,581$696,013$471,099$1,409,989
43$2,024,981$646,332$403,095$1,447,226
44$2,145,104$591,577$330,174$1,487,282
45$2,274,758$531,417$252,088$1,530,504
46$2,414,827$465,501$168,578$1,577,278
47$2,566,288$393,459$79,373$1,628,038
48$2,730,210$314,899$0$1,683,266
49$2,907,769$229,407$0$1,748,398
50$3,100,261$136,548$0$1,845,666
51$3,309,108$35,858$0$1,951,247
52$3,535,874$0$0$2,065,986
53$3,782,282$0$0$2,204,498
54$4,050,225$0$0$2,362,488
55$4,341,785$0$0$2,534,486
56$4,659,256$0$0$2,721,856
57$5,005,158$0$0$2,926,096
58$5,382,268$0$0$3,148,857
59$5,793,641$0$0$3,391,955
60$6,242,639$0$0$3,657,390
61$6,732,963$0$0$3,947,361
62$7,268,688$0$0$4,264,293
63$7,854,299$0$0$4,610,852
64$8,494,735$0$0$4,989,975
65$9,195,433$0$0$5,404,897
66$9,962,381$0$0$5,859,178
67$10,802,171$0$0$6,356,739
68$11,722,065$0$0$6,901,900
69$12,730,056$0$0$7,499,415
70$13,834,952$0$0$8,154,523
71$15,046,449$0$0$8,872,992
72$16,375,230$0$0$9,661,176
73$17,833,059$0$0$10,526,074
74$19,432,894$0$0$11,475,394
75$21,189,010$0$0$12,517,628
76$23,117,129$0$0$13,662,130
77$25,234,572$0$0$14,919,204
78$27,560,418$0$0$16,300,201
79$30,115,686$0$0$17,817,625
80$32,923,530$0$0$19,485,253
81$36,009,460$0$0$21,318,262
82$39,401,578$0$0$23,333,371
83$43,130,846$0$0$25,549,001
84$47,231,374$0$0$27,985,448
85$51,740,743$0$0$30,665,072
86$56,700,358$0$0$33,612,508
87$62,155,838$0$0$36,854,900
88$68,157,447$0$0$40,422,155
89$74,760,565$0$0$44,347,223
90$82,026,208$0$0$48,666,411
91$90,021,609$0$0$53,419,724
92$98,820,846$0$0$58,651,238
93$108,505,542$0$0$64,409,522
94$119,165,633$0$0$70,748,091
95$130,900,218$0$0$77,725,910
96$143,818,492$0$0$85,407,955
97$158,040,772$0$0$93,865,820
98$173,699,637$0$0$103,178,393
99$190,941,177$0$0$113,432,605
100$209,926,365$0$0$124,724,241