Can I retire at age 30 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$77,955$77,260$76,583$75,922$75,276$72,750
2 years$38,591$37,873$37,176$36,501$35,846$33,326
3 years$25,472$24,750$24,055$23,386$22,742$20,307
4 years$18,914$18,194$17,506$16,849$16,220$13,889
5 years$14,980$14,264$13,586$12,941$12,330$10,109
6 years$12,358$11,648$10,979$10,349$9,756$7,647
7 years$10,486$9,782$9,124$8,509$7,934$5,937
8 years$9,082$8,385$7,738$7,138$6,582$4,694
9 years$7,992$7,301$6,664$6,080$5,543$3,763
10 years$7,119$6,435$5,810$5,241$4,723$3,048
11 years$6,406$5,729$5,115$4,561$4,062$2,488
12 years$5,812$5,142$4,540$4,001$3,520$2,044
13 years$5,310$4,647$4,056$3,532$3,070$1,688
14 years$4,880$4,224$3,644$3,135$2,691$1,399
15 years$4,508$3,858$3,290$2,796$2,369$1,164
16 years$4,182$3,540$2,983$2,504$2,094$971
17 years$3,895$3,260$2,714$2,250$1,857$811
18 years$3,641$3,013$2,478$2,027$1,651$679
19 years$3,413$2,792$2,268$1,832$1,471$570
20 years$3,208$2,595$2,082$1,659$1,314$479
21 years$3,023$2,417$1,915$1,506$1,176$402
22 years$2,856$2,256$1,765$1,369$1,054$338
23 years$2,703$2,110$1,630$1,247$946$285
24 years$2,562$1,977$1,507$1,137$851$240
25 years$2,434$1,855$1,396$1,039$765$202
26 years$2,315$1,744$1,295$950$689$171
27 years$2,206$1,641$1,202$869$622$144
28 years$2,104$1,546$1,118$796$561$122
29 years$2,010$1,459$1,040$730$506$103
30 years$1,922$1,378$969$670$458$87
31 years$1,839$1,302$903$616$414$73
32 years$1,763$1,232$843$566$374$62
33 years$1,691$1,167$787$520$339$52
34 years$1,623$1,106$735$479$307$44
35 years$1,559$1,049$687$441$278$37
36 years$1,499$996$643$406$252$31
37 years$1,443$946$602$374$228$27
38 years$1,389$899$564$345$207$22
39 years$1,339$855$528$318$188$19
40 years$1,291$813$495$293$170$16
41 years$1,245$774$464$270$154$14
42 years$1,202$737$435$250$140$11
43 years$1,161$702$408$230$127$10
44 years$1,122$669$383$213$115$8
45 years$1,084$638$360$196$105$7
46 years$1,049$609$338$181$95$6
47 years$1,015$581$318$168$86$5
48 years$982$555$298$155$78$4
49 years$951$530$281$143$71$4
50 years$922$506$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $944,000, adding $2,875 every year, while hoping to spend $53,053 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: 42/45/13 Blend
29$944,000$944,000$944,000$944,000
30$1,043,254$993,222$978,590$1,082,983
31$1,093,217$985,441$954,924$1,103,370
32$1,146,500$975,502$928,688$1,119,937
33$1,203,382$963,241$899,739$1,136,715
34$1,264,175$948,488$867,928$1,153,745
35$1,329,217$931,060$833,100$1,171,078
36$1,398,881$910,766$795,092$1,188,774
37$1,473,574$887,400$753,735$1,206,903
38$1,553,744$860,748$708,851$1,225,545
39$1,639,882$830,581$660,253$1,244,796
40$1,732,527$796,657$607,749$1,264,766
41$1,832,271$758,719$551,135$1,285,580
42$1,939,765$716,499$490,200$1,307,383
43$2,055,722$669,708$424,722$1,330,341
44$2,180,926$618,045$354,472$1,354,643
45$2,316,241$561,189$279,207$1,380,505
46$2,462,612$498,802$198,675$1,408,172
47$2,621,083$430,527$112,614$1,437,923
48$2,792,796$355,986$20,750$1,470,071
49$2,979,012$274,780$0$1,504,974
50$3,181,114$186,487$0$1,553,753
51$3,400,626$90,663$0$1,609,909
52$3,639,221$0$0$1,671,114
53$3,898,742$0$0$1,744,504
54$4,181,217$0$0$1,873,355
55$4,488,876$0$0$2,013,803
56$4,824,172$0$0$2,166,981
57$5,189,809$0$0$2,334,138
58$5,588,757$0$0$2,516,648
59$6,024,290$0$0$2,716,024
60$6,500,010$0$0$2,933,930
61$7,019,883$0$0$3,172,200
62$7,588,275$0$0$3,432,852
63$8,209,991$0$0$3,718,110
64$8,890,326$0$0$4,030,419
65$9,635,107$0$0$4,372,475
66$10,450,751$0$0$4,747,246
67$11,344,326$0$0$5,158,001
68$12,323,615$0$0$5,608,338
69$13,397,190$0$0$6,102,222
70$14,574,492$0$0$6,644,021
71$15,865,918$0$0$7,238,543
72$17,282,921$0$0$7,891,086
73$18,838,118$0$0$8,607,487
74$20,545,403$0$0$9,394,173
75$22,420,084$0$0$10,258,226
76$24,479,022$0$0$11,207,446
77$26,740,793$0$0$12,250,428
78$29,225,859$0$0$13,396,638
79$31,956,763$0$0$14,656,507
80$34,958,340$0$0$16,041,524
81$38,257,951$0$0$17,564,350
82$41,885,739$0$0$19,238,932
83$45,874,913$0$0$21,080,637
84$50,262,064$0$0$23,106,394
85$55,087,503$0$0$25,334,858
86$60,395,646$0$0$27,786,581
87$66,235,430$0$0$30,484,208
88$72,660,774$0$0$33,452,690
89$79,731,087$0$0$36,719,518
90$87,511,827$0$0$40,314,985
91$96,075,121$0$0$44,272,467
92$105,500,438$0$0$48,628,740
93$115,875,347$0$0$53,424,328
94$127,296,332$0$0$58,703,884
95$139,869,712$0$0$64,516,607
96$153,712,635$0$0$70,916,714
97$168,954,186$0$0$77,963,943
98$185,736,606$0$0$85,724,122
99$204,216,630$0$0$94,269,786
100$224,566,964$0$0$103,680,865