Can I retire at age 30 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$78,037$77,342$76,664$76,002$75,356$73,564
2 years$38,632$37,913$37,215$36,539$35,884$34,089
3 years$25,499$24,776$24,081$23,411$22,766$21,024
4 years$18,934$18,213$17,525$16,866$16,237$14,562
5 years$14,996$14,279$13,600$12,955$12,343$10,739
6 years$12,371$11,660$10,991$10,360$9,767$8,236
7 years$10,497$9,792$9,133$8,518$7,943$6,485
8 years$9,092$8,394$7,746$7,145$6,589$5,204
9 years$8,000$7,308$6,671$6,086$5,549$4,235
10 years$7,127$6,442$5,816$5,246$4,728$3,484
11 years$6,413$5,735$5,121$4,566$4,066$2,891
12 years$5,818$5,147$4,544$4,005$3,524$2,414
13 years$5,316$4,652$4,060$3,536$3,073$2,027
14 years$4,885$4,228$3,648$3,139$2,694$1,710
15 years$4,513$3,863$3,294$2,799$2,372$1,448
16 years$4,187$3,544$2,986$2,506$2,096$1,229
17 years$3,900$3,264$2,717$2,252$1,859$1,046
18 years$3,645$3,016$2,481$2,029$1,653$893
19 years$3,417$2,795$2,271$1,834$1,473$763
20 years$3,212$2,597$2,084$1,661$1,316$653
21 years$3,027$2,419$1,917$1,507$1,177$560
22 years$2,859$2,258$1,767$1,370$1,055$480
23 years$2,705$2,112$1,631$1,248$947$412
24 years$2,565$1,979$1,509$1,138$852$354
25 years$2,436$1,857$1,397$1,040$766$305
26 years$2,318$1,745$1,296$951$690$262
27 years$2,208$1,643$1,203$870$622$226
28 years$2,106$1,548$1,119$797$561$194
29 years$2,012$1,460$1,041$731$507$167
30 years$1,924$1,379$970$671$458$144
31 years$1,841$1,304$904$616$414$124
32 years$1,764$1,233$843$566$375$107
33 years$1,692$1,168$788$521$339$93
34 years$1,625$1,107$736$479$307$80
35 years$1,561$1,050$688$441$278$69
36 years$1,501$997$644$406$252$59
37 years$1,444$947$602$374$228$51
38 years$1,391$900$564$345$207$44
39 years$1,340$855$529$318$188$38
40 years$1,292$814$495$293$170$33
41 years$1,246$775$464$271$154$28
42 years$1,203$738$436$250$140$25
43 years$1,162$703$409$231$127$21
44 years$1,123$670$384$213$115$18
45 years$1,085$639$360$197$105$16
46 years$1,050$610$338$182$95$14
47 years$1,016$582$318$168$86$12
48 years$983$555$299$155$78$10
49 years$952$530$281$143$71$9
50 years$923$507$264$132$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $945,000, adding $5,035 every year, while hoping to spend $50,223 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: 50/35/15 Blend
29$945,000$945,000$945,000$945,000
30$1,046,584$996,499$981,851$1,094,363
31$1,099,898$991,890$961,306$1,123,153
32$1,156,968$985,373$938,390$1,148,776
33$1,218,122$976,799$912,969$1,175,511
34$1,283,723$966,015$884,907$1,203,478
35$1,354,168$952,855$854,056$1,232,814
36$1,429,893$937,145$820,267$1,263,672
37$1,511,376$918,699$783,380$1,296,222
38$1,599,143$897,321$743,229$1,330,657
39$1,693,770$872,805$699,642$1,367,191
40$1,795,893$844,931$652,438$1,406,067
41$1,906,206$813,465$601,428$1,447,552
42$2,025,476$778,162$546,413$1,491,947
43$2,154,545$738,761$487,187$1,539,590
44$2,294,336$694,988$423,535$1,590,854
45$2,445,866$646,551$355,232$1,646,160
46$2,610,254$593,142$282,042$1,705,972
47$2,788,730$534,435$203,720$1,770,812
48$2,982,645$470,087$120,009$1,841,259
49$3,193,487$399,734$30,642$1,917,958
50$3,422,894$322,992$0$2,001,626
51$3,672,666$239,455$0$2,103,422
52$3,944,785$148,696$0$2,219,781
53$4,241,431$50,260$0$2,346,828
54$4,565,005$0$0$2,485,711
55$4,918,149$0$0$2,659,393
56$5,303,770$0$0$2,870,279
57$5,725,069$0$0$3,100,774
58$6,185,570$0$0$3,352,818
59$6,689,154$0$0$3,628,546
60$7,240,092$0$0$3,930,312
61$7,843,088$0$0$4,260,705
62$8,503,322$0$0$4,622,577
63$9,226,497$0$0$5,019,070
64$10,018,894$0$0$5,453,642
65$10,887,432$0$0$5,930,103
66$11,839,729$0$0$6,452,649
67$12,884,176$0$0$7,025,902
68$14,030,017$0$0$7,654,952
69$15,287,429$0$0$8,345,405
70$16,667,628$0$0$9,103,439
71$18,182,965$0$0$9,935,856
72$19,847,047$0$0$10,850,152
73$21,674,861$0$0$11,854,582
74$23,682,920$0$0$12,958,242
75$25,889,414$0$0$14,171,152
76$28,314,381$0$0$15,504,351
77$30,979,899$0$0$16,970,000
78$33,910,290$0$0$18,581,497
79$37,132,349$0$0$20,353,605
80$40,675,599$0$0$22,302,587
81$44,572,567$0$0$24,446,362
82$48,859,089$0$0$26,804,672
83$53,574,651$0$0$29,399,271
84$58,762,755$0$0$32,254,125
85$64,471,336$0$0$35,395,643
86$70,753,208$0$0$38,852,920
87$77,666,564$0$0$42,658,018
88$85,275,523$0$0$46,846,262
89$93,650,734$0$0$51,456,576
90$102,870,047$0$0$56,531,851
91$113,019,237$0$0$62,119,344
92$124,192,824$0$0$68,271,131
93$136,494,953$0$0$75,044,592
94$150,040,385$0$0$82,502,955
95$164,955,574$0$0$90,715,891
96$181,379,860$0$0$99,760,172
97$199,466,787$0$0$109,720,395
98$219,385,545$0$0$120,689,778
99$241,322,570$0$0$132,771,041
100$265,483,303$0$0$146,077,378