Can I retire at age 30 with 944,000?

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 $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%17.3%
1 years$77,955$77,260$76,583$75,922$75,276$73,042
2 years$38,591$37,873$37,176$36,501$35,846$33,613
3 years$25,472$24,750$24,055$23,386$22,742$20,581
4 years$18,914$18,194$17,506$16,849$16,220$14,147
5 years$14,980$14,264$13,586$12,941$12,330$10,352
6 years$12,358$11,648$10,979$10,349$9,756$7,874
7 years$10,486$9,782$9,124$8,509$7,934$6,147
8 years$9,082$8,385$7,738$7,138$6,582$4,890
9 years$7,992$7,301$6,664$6,080$5,543$3,944
10 years$7,119$6,435$5,810$5,241$4,723$3,214
11 years$6,406$5,729$5,115$4,561$4,062$2,641
12 years$5,812$5,142$4,540$4,001$3,520$2,184
13 years$5,310$4,647$4,056$3,532$3,070$1,816
14 years$4,880$4,224$3,644$3,135$2,691$1,516
15 years$4,508$3,858$3,290$2,796$2,369$1,270
16 years$4,182$3,540$2,983$2,504$2,094$1,067
17 years$3,895$3,260$2,714$2,250$1,857$898
18 years$3,641$3,013$2,478$2,027$1,651$758
19 years$3,413$2,792$2,268$1,832$1,471$640
20 years$3,208$2,595$2,082$1,659$1,314$542
21 years$3,023$2,417$1,915$1,506$1,176$459
22 years$2,856$2,256$1,765$1,369$1,054$389
23 years$2,703$2,110$1,630$1,247$946$330
24 years$2,562$1,977$1,507$1,137$851$281
25 years$2,434$1,855$1,396$1,039$765$238
26 years$2,315$1,744$1,295$950$689$203
27 years$2,206$1,641$1,202$869$622$172
28 years$2,104$1,546$1,118$796$561$147
29 years$2,010$1,459$1,040$730$506$125
30 years$1,922$1,378$969$670$458$106
31 years$1,839$1,302$903$616$414$90
32 years$1,763$1,232$843$566$374$77
33 years$1,691$1,167$787$520$339$66
34 years$1,623$1,106$735$479$307$56
35 years$1,559$1,049$687$441$278$48
36 years$1,499$996$643$406$252$41
37 years$1,443$946$602$374$228$35
38 years$1,389$899$564$345$207$29
39 years$1,339$855$528$318$188$25
40 years$1,291$813$495$293$170$21
41 years$1,245$774$464$270$154$18
42 years$1,202$737$435$250$140$16
43 years$1,161$702$408$230$127$13
44 years$1,122$669$383$213$115$11
45 years$1,084$638$360$196$105$10
46 years$1,049$609$338$181$95$8
47 years$1,015$581$318$168$86$7
48 years$982$555$298$155$78$6
49 years$951$530$281$143$71$5
50 years$922$506$264$132$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $944,000, adding $2,511 every year, while hoping to spend $47,506 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: 47/29/24 Blend
29$944,000$944,000$944,000$944,000
30$1,042,878$992,846$978,214$1,084,636
31$1,098,706$990,950$960,438$1,112,295
32$1,158,635$987,368$940,475$1,137,406
33$1,223,036$981,968$918,200$1,163,709
34$1,292,311$974,610$893,485$1,191,339
35$1,366,904$965,144$866,195$1,220,448
36$1,447,304$953,411$836,188$1,251,205
37$1,534,045$939,245$803,316$1,283,799
38$1,627,716$922,466$767,425$1,318,443
39$1,728,963$902,887$728,354$1,355,374
40$1,838,496$880,308$685,934$1,394,858
41$1,957,098$854,517$639,987$1,437,192
42$2,085,625$825,292$590,330$1,482,707
43$2,225,023$792,395$536,770$1,531,771
44$2,376,329$755,577$479,106$1,584,797
45$2,540,686$714,571$417,127$1,642,243
46$2,719,349$669,098$350,613$1,704,621
47$2,913,700$618,861$279,337$1,772,499
48$3,125,260$563,548$203,057$1,846,511
49$3,355,701$502,827$121,524$1,927,360
50$3,606,865$436,348$34,478$2,015,828
51$3,880,777$363,741$0$2,112,786
52$4,179,668$284,616$0$2,234,158
53$4,505,992$198,560$0$2,376,452
54$4,862,451$105,137$0$2,532,096
55$5,252,019$3,887$0$2,702,490
56$5,677,972$0$0$2,889,181
57$6,143,915$0$0$3,127,605
58$6,653,817$0$0$3,389,985
59$7,212,051$0$0$3,677,343
60$7,823,431$0$0$3,992,172
61$8,493,258$0$0$4,337,215
62$9,227,369$0$0$4,715,495
63$10,032,196$0$0$5,130,340
64$10,914,820$0$0$5,585,415
65$11,883,040$0$0$6,084,759
66$12,945,449$0$0$6,632,820
67$14,111,509$0$0$7,234,497
68$15,391,644$0$0$7,895,186
69$16,797,337$0$0$8,620,832
70$18,341,237$0$0$9,417,986
71$20,037,278$0$0$10,293,860
72$21,900,809$0$0$11,256,404
73$23,948,742$0$0$12,314,373
74$26,199,707$0$0$13,477,414
75$28,674,229$0$0$14,756,155
76$31,394,919$0$0$16,162,305
77$34,386,691$0$0$17,708,765
78$37,676,993$0$0$19,409,747
79$41,296,066$0$0$21,280,912
80$45,277,229$0$0$23,339,515
81$49,657,193$0$0$25,604,565
82$54,476,406$0$0$28,097,010
83$59,779,436$0$0$30,839,928
84$65,615,388$0$0$33,858,751
85$72,038,367$0$0$37,181,497
86$79,107,993$0$0$40,839,042
87$86,889,954$0$0$44,865,405
88$95,456,633$0$0$49,298,072
89$104,887,786$0$0$54,178,347
90$115,271,295$0$0$59,551,745
91$126,703,999$0$0$65,468,415
92$139,292,603$0$0$71,983,622
93$153,154,685$0$0$79,158,258
94$168,419,807$0$0$87,059,426
95$185,230,738$0$0$95,761,063
96$203,744,794$0$0$105,344,648
97$224,135,332$0$0$115,899,960
98$246,593,373$0$0$127,525,934
99$271,329,417$0$0$140,331,590
100$298,575,418$0$0$154,437,059