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%19.3%
1 years$77,789$77,097$76,421$75,761$75,116$72,307
2 years$38,510$37,792$37,097$36,423$35,770$32,972
3 years$25,418$24,698$24,004$23,337$22,694$19,995
4 years$18,874$18,155$17,469$16,813$16,185$13,607
5 years$14,948$14,234$13,557$12,914$12,304$9,851
6 years$12,332$11,623$10,956$10,327$9,736$7,411
7 years$10,464$9,761$9,104$8,491$7,918$5,721
8 years$9,063$8,367$7,721$7,123$6,568$4,497
9 years$7,975$7,285$6,650$6,067$5,532$3,583
10 years$7,104$6,421$5,798$5,230$4,713$2,883
11 years$6,393$5,717$5,104$4,551$4,054$2,339
12 years$5,800$5,131$4,530$3,992$3,513$1,909
13 years$5,299$4,637$4,047$3,525$3,063$1,565
14 years$4,870$4,215$3,636$3,129$2,685$1,289
15 years$4,498$3,850$3,283$2,790$2,364$1,064
16 years$4,173$3,533$2,977$2,498$2,089$881
17 years$3,887$3,253$2,709$2,245$1,853$731
18 years$3,633$3,006$2,473$2,023$1,647$608
19 years$3,406$2,786$2,264$1,828$1,468$506
20 years$3,202$2,589$2,077$1,656$1,312$422
21 years$3,017$2,412$1,911$1,503$1,174$352
22 years$2,850$2,251$1,761$1,366$1,052$294
23 years$2,697$2,105$1,626$1,244$944$245
24 years$2,557$1,973$1,504$1,135$849$205
25 years$2,429$1,851$1,393$1,036$764$171
26 years$2,310$1,740$1,292$948$688$143
27 years$2,201$1,637$1,200$867$620$120
28 years$2,100$1,543$1,115$795$560$100
29 years$2,005$1,456$1,038$729$505$84
30 years$1,918$1,375$967$669$457$70
31 years$1,836$1,299$901$614$413$59
32 years$1,759$1,230$841$564$373$49
33 years$1,687$1,164$785$519$338$41
34 years$1,619$1,104$734$478$306$35
35 years$1,556$1,047$686$440$277$29
36 years$1,496$994$642$405$251$24
37 years$1,440$944$600$373$228$20
38 years$1,386$897$562$344$206$17
39 years$1,336$853$527$317$187$14
40 years$1,288$811$494$292$170$12
41 years$1,242$772$463$270$154$10
42 years$1,199$736$434$249$140$8
43 years$1,158$701$408$230$127$7
44 years$1,119$668$383$212$115$6
45 years$1,082$637$359$196$104$5
46 years$1,047$608$337$181$95$4
47 years$1,013$580$317$167$86$3
48 years$980$554$298$155$78$3
49 years$949$529$280$143$71$2
50 years$920$505$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $942,000, adding $4,471 every year, while hoping to spend $26,725 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: 40/48/12 Blend
29$942,000$942,000$942,000$942,000
30$1,042,696$992,770$978,169$1,080,497
31$1,120,616$1,012,980$982,502$1,127,816
32$1,205,588$1,033,286$986,085$1,176,002
33$1,298,303$1,053,662$988,864$1,227,538
34$1,399,522$1,074,083$990,783$1,282,741
35$1,510,082$1,094,522$991,784$1,341,959
36$1,630,905$1,114,949$991,804$1,405,575
37$1,763,007$1,135,331$990,778$1,474,012
38$1,907,504$1,155,632$988,639$1,547,737
39$2,065,627$1,175,815$985,316$1,627,264
40$2,238,730$1,195,840$980,734$1,713,161
41$2,428,306$1,215,661$974,814$1,806,053
42$2,635,997$1,235,233$967,474$1,906,631
43$2,863,612$1,254,503$958,628$2,015,656
44$3,113,145$1,273,418$948,187$2,133,968
45$3,386,790$1,291,920$936,055$2,262,494
46$3,686,964$1,309,945$922,134$2,402,254
47$4,016,329$1,327,427$906,320$2,554,378
48$4,377,818$1,344,295$888,506$2,720,106
49$4,774,662$1,360,471$868,577$2,900,812
50$5,210,418$1,375,875$846,415$3,098,009
51$5,689,007$1,390,419$821,896$3,313,363
52$6,214,746$1,404,011$794,890$3,548,717
53$6,792,393$1,416,550$765,262$3,806,100
54$7,427,188$1,427,931$732,868$4,087,752
55$8,124,904$1,438,042$697,562$4,396,143
56$8,891,901$1,446,764$659,188$4,733,996
57$9,735,187$1,453,967$617,583$5,104,317
58$10,662,482$1,459,518$572,578$5,510,419
59$11,682,292$1,463,271$523,996$5,955,957
60$12,803,988$1,465,073$471,652$6,444,963
61$14,037,895$1,464,762$415,352$6,981,880
62$15,395,390$1,462,165$354,896$7,571,614
63$16,889,006$1,457,097$290,071$8,219,569
64$18,532,555$1,449,365$220,659$8,931,708
65$20,341,253$1,438,761$146,428$9,714,607
66$22,331,867$1,425,067$67,140$10,575,517
67$24,522,871$1,408,050$0$11,522,433
68$26,934,623$1,387,463$0$12,566,409
69$29,589,551$1,363,045$0$13,724,250
70$32,512,372$1,334,520$0$14,998,104
71$35,730,317$1,301,596$0$16,399,829
72$39,273,396$1,263,960$0$17,942,496
73$43,174,675$1,221,287$0$19,640,514
74$47,470,589$1,173,227$0$21,509,771
75$52,201,287$1,119,413$0$23,567,777
76$57,411,010$1,059,457$0$25,833,838
77$63,148,509$992,946$0$28,329,237
78$69,467,503$919,445$0$31,077,433
79$76,427,185$838,496$0$34,104,287
80$84,092,786$749,610$0$37,438,307
81$92,536,185$652,275$0$41,110,919
82$101,836,587$545,948$0$45,156,763
83$112,081,274$430,055$0$49,614,024
84$123,366,426$303,989$0$54,524,792
85$135,798,028$167,111$0$59,935,464
86$149,492,873$18,746$0$65,897,180
87$164,579,661$0$0$72,466,313
88$181,200,214$0$0$79,779,907
89$199,510,817$0$0$87,848,287
90$219,683,688$0$0$96,737,462
91$241,908,610$0$0$106,531,086
92$266,394,716$0$0$117,321,341
93$293,372,464$0$0$129,209,810
94$323,095,815$0$0$142,308,437
95$355,844,628$0$0$156,740,580
96$391,927,300$0$0$172,642,176
97$431,683,681$0$0$190,163,028
98$475,488,275$0$0$209,468,215
99$523,753,784$0$0$230,739,650
100$576,934,994$0$0$254,177,800