Can I retire at age 30 with 943,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$77,872$77,178$76,502$75,841$75,196$73,200
2 years$38,551$37,833$37,137$36,462$35,808$33,811
3 years$25,445$24,724$24,030$23,362$22,718$20,782
4 years$18,894$18,175$17,488$16,831$16,203$14,343
5 years$14,964$14,249$13,571$12,928$12,317$10,539
6 years$12,345$11,636$10,967$10,338$9,746$8,052
7 years$10,475$9,772$9,114$8,500$7,926$6,315
8 years$9,073$8,376$7,729$7,130$6,575$5,047
9 years$7,983$7,293$6,657$6,073$5,537$4,090
10 years$7,112$6,428$5,804$5,235$4,718$3,350
11 years$6,399$5,723$5,110$4,556$4,058$2,767
12 years$5,806$5,136$4,535$3,996$3,516$2,300
13 years$5,305$4,642$4,052$3,528$3,066$1,923
14 years$4,875$4,219$3,640$3,132$2,688$1,614
15 years$4,503$3,854$3,287$2,793$2,367$1,360
16 years$4,178$3,536$2,980$2,501$2,092$1,149
17 years$3,891$3,257$2,712$2,247$1,855$973
18 years$3,637$3,009$2,475$2,025$1,649$826
19 years$3,409$2,789$2,266$1,830$1,470$702
20 years$3,205$2,592$2,080$1,657$1,313$598
21 years$3,020$2,414$1,913$1,504$1,175$509
22 years$2,853$2,254$1,763$1,368$1,053$435
23 years$2,700$2,108$1,628$1,245$945$371
24 years$2,560$1,975$1,505$1,136$850$317
25 years$2,431$1,853$1,394$1,037$765$271
26 years$2,313$1,742$1,293$949$689$232
27 years$2,203$1,639$1,201$868$621$199
28 years$2,102$1,545$1,116$795$560$170
29 years$2,007$1,457$1,039$729$506$146
30 years$1,920$1,376$968$669$457$125
31 years$1,837$1,301$902$615$413$107
32 years$1,761$1,231$842$565$374$92
33 years$1,689$1,166$786$520$338$79
34 years$1,621$1,105$734$478$306$68
35 years$1,558$1,048$687$440$277$58
36 years$1,498$995$642$405$251$50
37 years$1,441$945$601$373$228$43
38 years$1,388$898$563$344$207$37
39 years$1,337$854$527$317$187$31
40 years$1,289$812$494$293$170$27
41 years$1,244$773$464$270$154$23
42 years$1,201$736$435$249$140$20
43 years$1,160$702$408$230$127$17
44 years$1,120$669$383$212$115$15
45 years$1,083$638$360$196$105$13
46 years$1,048$608$338$181$95$11
47 years$1,014$581$317$167$86$9
48 years$981$554$298$155$78$8
49 years$950$529$280$143$71$7
50 years$921$506$263$132$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $943,000, adding $5,523 every year, while hoping to spend $30,039 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: 60/22/18 Blend
29$943,000$943,000$943,000$943,000
30$1,044,883$994,904$980,287$1,102,399
31$1,119,500$1,011,693$981,166$1,158,711
32$1,200,721$1,028,298$981,067$1,216,307
33$1,289,188$1,044,678$979,926$1,278,450
34$1,385,607$1,060,789$977,676$1,345,586
35$1,490,756$1,076,585$974,245$1,418,204
36$1,605,491$1,092,016$969,560$1,496,845
37$1,730,753$1,107,026$963,542$1,582,104
38$1,867,579$1,121,560$956,110$1,674,640
39$2,017,110$1,135,555$947,178$1,775,176
40$2,180,604$1,148,945$936,657$1,884,511
41$2,359,442$1,161,660$924,452$2,003,527
42$2,555,150$1,173,626$910,465$2,133,195
43$2,769,403$1,184,762$894,594$2,274,587
44$3,004,050$1,194,982$876,730$2,428,885
45$3,261,123$1,204,197$856,761$2,597,392
46$3,542,864$1,212,309$834,569$2,781,544
47$3,851,740$1,219,216$810,031$2,982,926
48$4,190,467$1,224,807$783,016$3,203,287
49$4,562,039$1,228,966$753,391$3,444,552
50$4,969,751$1,231,570$721,014$3,708,846
51$5,417,235$1,232,487$685,738$3,998,513
52$5,908,491$1,231,576$647,408$4,316,137
53$6,447,923$1,228,690$605,862$4,664,566
54$7,040,386$1,223,671$560,933$5,046,941
55$7,691,226$1,216,350$512,445$5,466,726
56$8,406,332$1,206,552$460,212$5,927,742
57$9,192,192$1,194,088$404,044$6,434,198
58$10,055,955$1,178,758$343,740$6,990,738
59$11,005,497$1,160,351$279,089$7,602,481
60$12,049,492$1,138,643$209,873$8,275,071
61$13,197,500$1,113,396$135,863$9,014,733
62$14,460,052$1,084,359$56,821$9,828,326
63$15,848,751$1,051,267$0$10,723,416
64$17,376,381$1,013,837$0$11,713,629
65$19,057,028$971,771$0$12,814,862
66$20,906,211$924,753$0$14,026,379
67$22,941,029$872,451$0$15,359,408
68$25,180,324$814,512$0$16,826,327
69$27,644,856$750,561$0$18,440,774
70$30,357,498$680,205$0$20,217,783
71$33,343,455$603,028$0$22,173,922
72$36,630,498$518,587$0$24,327,452
73$40,249,230$426,418$0$26,698,499
74$44,233,368$326,030$0$29,309,243
75$48,620,068$216,901$0$32,184,132
76$53,450,270$98,485$0$35,350,108
77$58,769,088$0$0$38,836,866
78$64,626,233$0$0$42,684,347
79$71,076,481$0$0$46,947,786
80$78,180,194$0$0$51,643,249
81$86,003,883$0$0$56,814,714
82$94,620,842$0$0$62,510,639
83$104,111,835$0$0$68,784,424
84$114,565,858$0$0$75,694,913
85$126,080,982$0$0$83,306,948
86$138,765,275$0$0$91,691,982
87$152,737,823$0$0$100,928,753
88$168,129,853$0$0$111,104,026
89$185,085,973$0$0$122,313,414
90$203,765,533$0$0$134,662,279
91$224,344,134$0$0$148,266,723
92$247,015,278$0$0$163,254,691
93$271,992,204$0$0$179,767,172
94$299,509,888$0$0$197,959,532
95$329,827,272$0$0$218,002,979
96$363,229,702$0$0$240,086,184
97$400,031,622$0$0$264,417,052
98$440,579,540$0$0$291,224,694
99$485,255,304$0$0$320,761,585
100$534,479,701$0$0$353,305,945