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%18.8%
1 years$77,955$77,260$76,583$75,922$75,276$72,605
2 years$38,591$37,873$37,176$36,501$35,846$33,183
3 years$25,472$24,750$24,055$23,386$22,742$20,172
4 years$18,914$18,194$17,506$16,849$16,220$13,761
5 years$14,980$14,264$13,586$12,941$12,330$9,990
6 years$12,358$11,648$10,979$10,349$9,756$7,536
7 years$10,486$9,782$9,124$8,509$7,934$5,834
8 years$9,082$8,385$7,738$7,138$6,582$4,600
9 years$7,992$7,301$6,664$6,080$5,543$3,676
10 years$7,119$6,435$5,810$5,241$4,723$2,968
11 years$6,406$5,729$5,115$4,561$4,062$2,415
12 years$5,812$5,142$4,540$4,001$3,520$1,977
13 years$5,310$4,647$4,056$3,532$3,070$1,627
14 years$4,880$4,224$3,644$3,135$2,691$1,344
15 years$4,508$3,858$3,290$2,796$2,369$1,114
16 years$4,182$3,540$2,983$2,504$2,094$926
17 years$3,895$3,260$2,714$2,250$1,857$771
18 years$3,641$3,013$2,478$2,027$1,651$643
19 years$3,413$2,792$2,268$1,832$1,471$538
20 years$3,208$2,595$2,082$1,659$1,314$450
21 years$3,023$2,417$1,915$1,506$1,176$377
22 years$2,856$2,256$1,765$1,369$1,054$316
23 years$2,703$2,110$1,630$1,247$946$265
24 years$2,562$1,977$1,507$1,137$851$222
25 years$2,434$1,855$1,396$1,039$765$186
26 years$2,315$1,744$1,295$950$689$157
27 years$2,206$1,641$1,202$869$622$132
28 years$2,104$1,546$1,118$796$561$111
29 years$2,010$1,459$1,040$730$506$93
30 years$1,922$1,378$969$670$458$78
31 years$1,839$1,302$903$616$414$66
32 years$1,763$1,232$843$566$374$55
33 years$1,691$1,167$787$520$339$47
34 years$1,623$1,106$735$479$307$39
35 years$1,559$1,049$687$441$278$33
36 years$1,499$996$643$406$252$28
37 years$1,443$946$602$374$228$23
38 years$1,389$899$564$345$207$20
39 years$1,339$855$528$318$188$17
40 years$1,291$813$495$293$170$14
41 years$1,245$774$464$270$154$12
42 years$1,202$737$435$250$140$10
43 years$1,161$702$408$230$127$8
44 years$1,122$669$383$213$115$7
45 years$1,084$638$360$196$105$6
46 years$1,049$609$338$181$95$5
47 years$1,015$581$318$168$86$4
48 years$982$555$298$155$78$3
49 years$951$530$281$143$71$3
50 years$922$506$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $944,000, adding $2,038 every year, while hoping to spend $53,195 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: 68/17/15 Blend
29$944,000$944,000$944,000$944,000
30$1,042,390$992,358$977,726$1,109,491
31$1,092,115$984,385$953,881$1,146,490
32$1,145,129$974,238$927,454$1,180,457
33$1,201,711$961,754$898,303$1,216,264
34$1,262,167$946,762$866,278$1,254,087
35$1,326,834$929,079$831,224$1,294,119
36$1,396,078$908,511$792,977$1,336,578
37$1,470,303$884,853$751,366$1,381,702
38$1,549,951$857,888$706,215$1,429,757
39$1,635,509$827,387$657,335$1,481,036
40$1,727,508$793,107$604,534$1,535,867
41$1,826,535$754,790$547,606$1,594,610
42$1,933,231$712,164$486,340$1,657,666
43$2,048,302$664,941$420,514$1,725,477
44$2,172,524$612,818$349,897$1,798,535
45$2,306,748$555,473$274,245$1,877,384
46$2,451,910$492,566$193,306$1,962,625
47$2,609,041$423,737$106,818$2,054,925
48$2,779,270$348,607$14,503$2,155,021
49$2,963,842$266,776$0$2,263,730
50$3,164,125$177,818$0$2,395,401
51$3,381,623$81,288$0$2,540,939
52$3,617,990$0$0$2,699,174
53$3,875,047$0$0$2,875,739
54$4,154,796$0$0$3,084,488
55$4,459,442$0$0$3,311,865
56$4,791,408$0$0$3,559,687
57$5,153,364$0$0$3,829,952
58$5,548,246$0$0$4,124,860
59$5,979,287$0$0$4,446,832
60$6,450,046$0$0$4,798,535
61$6,964,439$0$0$5,182,902
62$7,526,780$0$0$5,603,165
63$8,141,816$0$0$6,062,880
64$8,814,777$0$0$6,565,964
65$9,551,417$0$0$7,116,730
66$10,358,078$0$0$7,719,926
67$11,241,739$0$0$8,380,783
68$12,210,089$0$0$9,105,061
69$13,271,593$0$0$9,899,102
70$14,435,577$0$0$10,769,893
71$15,712,311$0$0$11,725,129
72$17,113,108$0$0$12,773,285
73$18,650,428$0$0$13,923,697
74$20,337,995$0$0$15,186,649
75$22,190,929$0$0$16,573,468
76$24,225,884$0$0$18,096,632
77$26,461,205$0$0$19,769,888
78$28,917,104$0$0$21,608,380
79$31,615,846$0$0$23,628,789
80$34,581,959$0$0$25,849,496
81$37,842,467$0$0$28,290,747
82$41,427,141$0$0$30,974,851
83$45,368,780$0$0$33,926,385
84$49,703,523$0$0$37,172,427
85$54,471,185$0$0$40,742,809
86$59,715,631$0$0$44,670,403
87$65,485,196$0$0$48,991,423
88$71,833,131$0$0$53,745,774
89$78,818,111$0$0$58,977,421
90$86,504,787$0$0$64,734,808
91$94,964,391$0$0$71,071,312
92$104,275,412$0$0$78,045,746
93$114,524,334$0$0$85,722,915
94$125,806,451$0$0$94,174,225
95$138,226,763$0$0$103,478,357
96$151,900,970$0$0$113,722,009
97$166,956,562$0$0$125,000,712
98$183,534,018$0$0$137,419,734
99$201,788,132$0$0$151,095,067
100$221,889,476$0$0$166,154,528