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%17%
1 years$77,955$77,260$76,583$75,922$75,276$73,130
2 years$38,591$37,873$37,176$36,501$35,846$33,700
3 years$25,472$24,750$24,055$23,386$22,742$20,665
4 years$18,914$18,194$17,506$16,849$16,220$14,226
5 years$14,980$14,264$13,586$12,941$12,330$10,426
6 years$12,358$11,648$10,979$10,349$9,756$7,943
7 years$10,486$9,782$9,124$8,509$7,934$6,212
8 years$9,082$8,385$7,738$7,138$6,582$4,950
9 years$7,992$7,301$6,664$6,080$5,543$4,000
10 years$7,119$6,435$5,810$5,241$4,723$3,266
11 years$6,406$5,729$5,115$4,561$4,062$2,689
12 years$5,812$5,142$4,540$4,001$3,520$2,228
13 years$5,310$4,647$4,056$3,532$3,070$1,856
14 years$4,880$4,224$3,644$3,135$2,691$1,553
15 years$4,508$3,858$3,290$2,796$2,369$1,303
16 years$4,182$3,540$2,983$2,504$2,094$1,097
17 years$3,895$3,260$2,714$2,250$1,857$926
18 years$3,641$3,013$2,478$2,027$1,651$783
19 years$3,413$2,792$2,268$1,832$1,471$663
20 years$3,208$2,595$2,082$1,659$1,314$562
21 years$3,023$2,417$1,915$1,506$1,176$478
22 years$2,856$2,256$1,765$1,369$1,054$406
23 years$2,703$2,110$1,630$1,247$946$345
24 years$2,562$1,977$1,507$1,137$851$294
25 years$2,434$1,855$1,396$1,039$765$250
26 years$2,315$1,744$1,295$950$689$213
27 years$2,206$1,641$1,202$869$622$182
28 years$2,104$1,546$1,118$796$561$155
29 years$2,010$1,459$1,040$730$506$132
30 years$1,922$1,378$969$670$458$113
31 years$1,839$1,302$903$616$414$96
32 years$1,763$1,232$843$566$374$82
33 years$1,691$1,167$787$520$339$70
34 years$1,623$1,106$735$479$307$60
35 years$1,559$1,049$687$441$278$51
36 years$1,499$996$643$406$252$44
37 years$1,443$946$602$374$228$37
38 years$1,389$899$564$345$207$32
39 years$1,339$855$528$318$188$27
40 years$1,291$813$495$293$170$23
41 years$1,245$774$464$270$154$20
42 years$1,202$737$435$250$140$17
43 years$1,161$702$408$230$127$15
44 years$1,122$669$383$213$115$12
45 years$1,084$638$360$196$105$11
46 years$1,049$609$338$181$95$9
47 years$1,015$581$318$168$86$8
48 years$982$555$298$155$78$7
49 years$951$530$281$143$71$6
50 years$922$506$264$132$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $944,000, adding $6,313 every year, while hoping to spend $52,846 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: 39/36/25 Blend
29$944,000$944,000$944,000$944,000
30$1,046,800$996,768$982,136$1,079,644
31$1,097,346$989,382$958,810$1,096,679
32$1,151,276$979,863$932,931$1,109,693
33$1,208,880$968,050$904,358$1,122,727
34$1,270,476$953,774$872,944$1,135,815
35$1,336,410$936,855$838,533$1,149,000
36$1,407,064$917,101$800,965$1,162,332
37$1,482,857$894,311$760,069$1,175,869
38$1,564,248$868,272$715,671$1,189,684
39$1,651,739$838,755$667,584$1,203,860
40$1,745,885$805,523$615,616$1,218,495
41$1,847,292$768,320$559,566$1,233,700
42$1,956,628$726,880$499,224$1,249,609
43$2,074,624$680,917$434,368$1,266,371
44$2,202,087$630,133$364,770$1,284,160
45$2,339,900$574,209$290,190$1,303,175
46$2,489,035$512,811$210,377$1,323,643
47$2,650,562$445,584$125,070$1,345,821
48$2,825,656$372,154$33,996$1,370,002
49$3,015,608$292,125$0$1,396,521
50$3,221,840$205,080$0$1,442,609
51$3,445,915$110,576$0$1,502,609
52$3,689,553$8,148$0$1,568,004
53$3,954,644$0$0$1,639,421
54$4,243,270$0$0$1,758,241
55$4,557,721$0$0$1,891,325
56$4,900,519$0$0$2,036,527
57$5,274,435$0$0$2,195,035
58$5,682,525$0$0$2,368,162
59$6,128,147$0$0$2,557,348
60$6,615,002$0$0$2,764,182
61$7,147,162$0$0$2,990,411
62$7,729,112$0$0$3,237,961
63$8,365,788$0$0$3,508,950
64$9,062,627$0$0$3,805,713
65$9,825,615$0$0$4,130,819
66$10,661,343$0$0$4,487,099
67$11,577,071$0$0$4,877,671
68$12,580,795$0$0$5,305,966
69$13,681,318$0$0$5,775,767
70$14,888,338$0$0$6,291,239
71$16,212,538$0$0$6,856,968
72$17,665,683$0$0$7,478,008
73$19,260,731$0$0$8,159,926
74$21,011,958$0$0$8,908,853
75$22,935,090$0$0$9,731,544
76$25,047,448$0$0$10,635,440
77$27,368,115$0$0$11,628,739
78$29,918,115$0$0$12,720,471
79$32,720,605$0$0$13,920,587
80$35,801,101$0$0$15,240,047
81$39,187,712$0$0$16,690,928
82$42,911,406$0$0$18,286,536
83$47,006,303$0$0$20,041,529
84$51,509,995$0$0$21,972,060
85$56,463,899$0$0$24,095,922
86$61,913,647$0$0$26,432,724
87$67,909,518$0$0$29,004,069
88$74,506,909$0$0$31,833,760
89$81,766,858$0$0$34,948,025
90$89,756,621$0$0$38,375,763
91$98,550,299$0$0$42,148,815
92$108,229,545$0$0$46,302,268
93$118,884,329$0$0$50,874,783
94$130,613,785$0$0$55,908,960
95$143,527,148$0$0$61,451,739
96$157,744,783$0$0$67,554,843
97$173,399,319$0$0$74,275,268
98$190,636,902$0$0$81,675,815
99$209,618,570$0$0$89,825,689
100$230,521,775$0$0$98,801,146