Can I retire at age 30 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$77,872$77,178$76,502$75,841$75,196$74,226
2 years$38,551$37,833$37,137$36,462$35,808$34,831
3 years$25,445$24,724$24,030$23,362$22,718$21,766
4 years$18,894$18,175$17,488$16,831$16,203$15,283
5 years$14,964$14,249$13,571$12,928$12,317$11,431
6 years$12,345$11,636$10,967$10,338$9,746$8,896
7 years$10,475$9,772$9,114$8,500$7,926$7,112
8 years$9,073$8,376$7,729$7,130$6,575$5,797
9 years$7,983$7,293$6,657$6,073$5,537$4,795
10 years$7,112$6,428$5,804$5,235$4,718$4,010
11 years$6,399$5,723$5,110$4,556$4,058$3,384
12 years$5,806$5,136$4,535$3,996$3,516$2,876
13 years$5,305$4,642$4,052$3,528$3,066$2,459
14 years$4,875$4,219$3,640$3,132$2,688$2,112
15 years$4,503$3,854$3,287$2,793$2,367$1,822
16 years$4,178$3,536$2,980$2,501$2,092$1,576
17 years$3,891$3,257$2,712$2,247$1,855$1,368
18 years$3,637$3,009$2,475$2,025$1,649$1,190
19 years$3,409$2,789$2,266$1,830$1,470$1,038
20 years$3,205$2,592$2,080$1,657$1,313$906
21 years$3,020$2,414$1,913$1,504$1,175$793
22 years$2,853$2,254$1,763$1,368$1,053$694
23 years$2,700$2,108$1,628$1,245$945$609
24 years$2,560$1,975$1,505$1,136$850$535
25 years$2,431$1,853$1,394$1,037$765$470
26 years$2,313$1,742$1,293$949$689$413
27 years$2,203$1,639$1,201$868$621$363
28 years$2,102$1,545$1,116$795$560$320
29 years$2,007$1,457$1,039$729$506$282
30 years$1,920$1,376$968$669$457$248
31 years$1,837$1,301$902$615$413$219
32 years$1,761$1,231$842$565$374$193
33 years$1,689$1,166$786$520$338$170
34 years$1,621$1,105$734$478$306$150
35 years$1,558$1,048$687$440$277$133
36 years$1,498$995$642$405$251$117
37 years$1,441$945$601$373$228$103
38 years$1,388$898$563$344$207$91
39 years$1,337$854$527$317$187$81
40 years$1,289$812$494$293$170$71
41 years$1,244$773$464$270$154$63
42 years$1,201$736$435$249$140$56
43 years$1,160$702$408$230$127$49
44 years$1,120$669$383$212$115$43
45 years$1,083$638$360$196$105$38
46 years$1,048$608$338$181$95$34
47 years$1,014$581$317$167$86$30
48 years$981$554$298$155$78$26
49 years$950$529$280$143$71$23
50 years$921$506$263$132$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $943,000, adding $5,064 every year, while hoping to spend $57,015 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: 69/19/12 Blend
29$943,000$943,000$943,000$943,000
30$1,044,410$994,431$979,814$1,113,427
31$1,090,276$982,494$951,974$1,147,987
32$1,138,909$968,062$921,291$1,178,445
33$1,190,533$950,951$887,609$1,210,276
34$1,245,388$930,969$850,765$1,243,605
35$1,303,742$907,911$810,590$1,278,573
36$1,365,885$881,559$766,905$1,315,336
37$1,432,134$851,685$719,526$1,354,068
38$1,502,839$818,045$668,258$1,394,960
39$1,578,382$780,383$612,898$1,438,228
40$1,659,182$738,426$553,234$1,484,110
41$1,745,697$691,887$489,046$1,532,869
42$1,838,430$640,462$420,101$1,584,800
43$1,937,935$583,829$346,159$1,640,228
44$2,044,816$521,649$266,968$1,699,516
45$2,159,740$453,562$182,263$1,763,066
46$2,283,436$379,189$91,772$1,831,323
47$2,416,706$298,129$0$1,904,781
48$2,560,431$209,959$0$1,984,604
49$2,715,578$114,230$0$2,083,365
50$2,883,211$10,471$0$2,190,015
51$3,064,498$0$0$2,305,343
52$3,260,722$0$0$2,451,507
53$3,473,297$0$0$2,612,266
54$3,703,773$0$0$2,786,610
55$3,953,859$0$0$2,975,836
56$4,225,430$0$0$3,181,369
57$4,520,553$0$0$3,404,780
58$4,841,498$0$0$3,647,795
59$5,190,765$0$0$3,912,313
60$5,571,103$0$0$4,200,423
61$5,985,538$0$0$4,514,426
62$6,437,401$0$0$4,856,852
63$6,930,355$0$0$5,230,487
64$7,468,436$0$0$5,638,398
65$8,056,084$0$0$6,083,959
66$8,698,186$0$0$6,570,886
67$9,400,124$0$0$7,103,271
68$10,167,825$0$0$7,685,616
69$11,007,810$0$0$8,322,882
70$11,927,264$0$0$9,020,528
71$12,934,098$0$0$9,784,570
72$14,037,021$0$0$10,621,627
73$15,245,628$0$0$11,538,994
74$16,570,482$0$0$12,544,703
75$18,023,220$0$0$13,647,598
76$19,616,658$0$0$14,857,424
77$21,364,911$0$0$16,184,912
78$23,283,528$0$0$17,641,883
79$25,389,635$0$0$19,241,357
80$27,702,096$0$0$20,997,678
81$30,241,695$0$0$22,926,645
82$33,031,323$0$0$25,045,664
83$36,096,200$0$0$27,373,908
84$39,464,109$0$0$29,932,501
85$43,165,656$0$0$32,744,714
86$47,234,561$0$0$35,836,184
87$51,707,974$0$0$39,235,157
88$56,626,823$0$0$42,972,751
89$62,036,201$0$0$47,083,252
90$67,985,788$0$0$51,604,432
91$74,530,323$0$0$56,577,912
92$81,730,116$0$0$62,049,546
93$89,651,614$0$0$68,069,859
94$98,368,034$0$0$74,694,518
95$107,960,046$0$0$81,984,860
96$118,516,534$0$0$90,008,470
97$130,135,438$0$0$98,839,815
98$142,924,672$0$0$108,560,947
99$157,003,143$0$0$119,262,277
100$172,501,873$0$0$131,043,429