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%18.2%
1 years$77,872$77,178$76,502$75,841$75,196$72,702
2 years$38,551$37,833$37,137$36,462$35,808$33,319
3 years$25,445$24,724$24,030$23,362$22,718$20,313
4 years$18,894$18,175$17,488$16,831$16,203$13,900
5 years$14,964$14,249$13,571$12,928$12,317$10,122
6 years$12,345$11,636$10,967$10,338$9,746$7,661
7 years$10,475$9,772$9,114$8,500$7,926$5,951
8 years$9,073$8,376$7,729$7,130$6,575$4,709
9 years$7,983$7,293$6,657$6,073$5,537$3,777
10 years$7,112$6,428$5,804$5,235$4,718$3,061
11 years$6,399$5,723$5,110$4,556$4,058$2,500
12 years$5,806$5,136$4,535$3,996$3,516$2,056
13 years$5,305$4,642$4,052$3,528$3,066$1,698
14 years$4,875$4,219$3,640$3,132$2,688$1,409
15 years$4,503$3,854$3,287$2,793$2,367$1,173
16 years$4,178$3,536$2,980$2,501$2,092$979
17 years$3,891$3,257$2,712$2,247$1,855$819
18 years$3,637$3,009$2,475$2,025$1,649$686
19 years$3,409$2,789$2,266$1,830$1,470$576
20 years$3,205$2,592$2,080$1,657$1,313$484
21 years$3,020$2,414$1,913$1,504$1,175$407
22 years$2,853$2,254$1,763$1,368$1,053$343
23 years$2,700$2,108$1,628$1,245$945$289
24 years$2,560$1,975$1,505$1,136$850$244
25 years$2,431$1,853$1,394$1,037$765$206
26 years$2,313$1,742$1,293$949$689$173
27 years$2,203$1,639$1,201$868$621$146
28 years$2,102$1,545$1,116$795$560$124
29 years$2,007$1,457$1,039$729$506$105
30 years$1,920$1,376$968$669$457$88
31 years$1,837$1,301$902$615$413$75
32 years$1,761$1,231$842$565$374$63
33 years$1,689$1,166$786$520$338$53
34 years$1,621$1,105$734$478$306$45
35 years$1,558$1,048$687$440$277$38
36 years$1,498$995$642$405$251$32
37 years$1,441$945$601$373$228$27
38 years$1,388$898$563$344$207$23
39 years$1,337$854$527$317$187$20
40 years$1,289$812$494$293$170$16
41 years$1,244$773$464$270$154$14
42 years$1,201$736$435$249$140$12
43 years$1,160$702$408$230$127$10
44 years$1,120$669$383$212$115$8
45 years$1,083$638$360$196$105$7
46 years$1,048$608$338$181$95$6
47 years$1,014$581$317$167$86$5
48 years$981$554$298$155$78$4
49 years$950$529$280$143$71$4
50 years$921$506$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 $943,000, adding $6,466 every year, while hoping to spend $58,063 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: 70/21/9 Blend
29$943,000$943,000$943,000$943,000
30$1,045,856$995,877$981,260$1,116,862
31$1,090,754$982,896$952,354$1,151,746
32$1,138,287$967,333$920,533$1,182,189
33$1,188,660$949,001$885,639$1,213,933
34$1,242,101$927,699$847,505$1,247,093
35$1,298,857$903,218$805,959$1,281,799
36$1,359,199$875,335$760,817$1,318,192
37$1,423,423$843,812$711,890$1,356,432
38$1,491,855$808,401$658,981$1,396,696
39$1,564,848$768,837$601,881$1,439,182
40$1,642,793$724,841$540,374$1,484,107
41$1,726,116$676,115$474,235$1,531,714
42$1,815,284$622,349$403,226$1,582,274
43$1,910,809$563,211$327,101$1,636,086
44$2,013,255$498,352$245,602$1,693,483
45$2,123,238$427,402$158,460$1,754,836
46$2,241,436$349,972$65,396$1,820,554
47$2,368,590$265,648$0$1,891,094
48$2,505,518$173,997$0$1,970,217
49$2,653,116$74,558$0$2,062,141
50$2,812,367$0$0$2,161,231
51$2,984,355$0$0$2,275,871
52$3,170,266$0$0$2,418,456
53$3,371,408$0$0$2,572,763
54$3,589,216$0$0$2,739,901
55$3,825,270$0$0$2,921,084
56$4,081,304$0$0$3,117,653
57$4,359,228$0$0$3,331,077
58$4,661,142$0$0$3,562,977
59$4,989,355$0$0$3,815,133
60$5,346,409$0$0$4,089,504
61$5,735,098$0$0$4,388,246
62$6,158,499$0$0$4,713,729
63$6,619,998$0$0$5,068,566
64$7,123,319$0$0$5,455,628
65$7,672,563$0$0$5,878,077
66$8,272,245$0$0$6,339,394
67$8,927,332$0$0$6,843,411
68$9,643,294$0$0$7,394,346
69$10,426,154$0$0$7,996,843
70$11,282,542$0$0$8,656,015
71$12,219,759$0$0$9,377,492
72$13,245,843$0$0$10,167,475
73$14,369,647$0$0$11,032,791
74$15,600,920$0$0$11,980,958
75$16,950,398$0$0$13,020,258
76$18,429,906$0$0$14,159,809
77$20,052,466$0$0$15,409,656
78$21,832,423$0$0$16,780,862
79$23,785,576$0$0$18,285,613
80$25,929,327$0$0$19,937,332
81$28,282,846$0$0$21,750,803
82$30,867,249$0$0$23,742,313
83$33,705,797$0$0$25,929,806
84$36,824,114$0$0$28,333,044
85$40,250,430$0$0$30,973,802
86$44,015,843$0$0$33,876,067
87$48,154,614$0$0$37,066,266
88$52,704,489$0$0$40,573,513
89$57,707,050$0$0$44,429,883
90$63,208,115$0$0$48,670,716
91$69,258,158$0$0$53,334,947
92$75,912,795$0$0$58,465,474
93$83,233,299$0$0$64,109,560
94$91,287,183$0$0$70,319,283
95$100,148,832$0$0$77,152,020
96$109,900,205$0$0$84,670,991
97$120,631,608$0$0$92,945,856
98$132,442,544$0$0$102,053,367
99$145,442,651$0$0$112,078,096
100$159,752,734$0$0$123,113,228