Can I retire at age 30 with 945,000?

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 $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%18.1%
1 years$78,037$77,342$76,664$76,002$75,356$72,885
2 years$38,632$37,913$37,215$36,539$35,884$33,418
3 years$25,499$24,776$24,081$23,411$22,766$20,383
4 years$18,934$18,213$17,525$16,866$16,237$13,955
5 years$14,996$14,279$13,600$12,955$12,343$10,168
6 years$12,371$11,660$10,991$10,360$9,767$7,700
7 years$10,497$9,792$9,133$8,518$7,943$5,984
8 years$9,092$8,394$7,746$7,145$6,589$4,738
9 years$8,000$7,308$6,671$6,086$5,549$3,802
10 years$7,127$6,442$5,816$5,246$4,728$3,083
11 years$6,413$5,735$5,121$4,566$4,066$2,521
12 years$5,818$5,147$4,544$4,005$3,524$2,074
13 years$5,316$4,652$4,060$3,536$3,073$1,714
14 years$4,885$4,228$3,648$3,139$2,694$1,423
15 years$4,513$3,863$3,294$2,799$2,372$1,186
16 years$4,187$3,544$2,986$2,506$2,096$990
17 years$3,900$3,264$2,717$2,252$1,859$829
18 years$3,645$3,016$2,481$2,029$1,653$695
19 years$3,417$2,795$2,271$1,834$1,473$584
20 years$3,212$2,597$2,084$1,661$1,316$491
21 years$3,027$2,419$1,917$1,507$1,177$413
22 years$2,859$2,258$1,767$1,370$1,055$348
23 years$2,705$2,112$1,631$1,248$947$294
24 years$2,565$1,979$1,509$1,138$852$248
25 years$2,436$1,857$1,397$1,040$766$209
26 years$2,318$1,745$1,296$951$690$177
27 years$2,208$1,643$1,203$870$622$149
28 years$2,106$1,548$1,119$797$561$126
29 years$2,012$1,460$1,041$731$507$107
30 years$1,924$1,379$970$671$458$90
31 years$1,841$1,304$904$616$414$76
32 years$1,764$1,233$843$566$375$65
33 years$1,692$1,168$788$521$339$55
34 years$1,625$1,107$736$479$307$46
35 years$1,561$1,050$688$441$278$39
36 years$1,501$997$644$406$252$33
37 years$1,444$947$602$374$228$28
38 years$1,391$900$564$345$207$24
39 years$1,340$855$529$318$188$20
40 years$1,292$814$495$293$170$17
41 years$1,246$775$464$271$154$14
42 years$1,203$738$436$250$140$12
43 years$1,162$703$409$231$127$10
44 years$1,123$670$384$213$115$9
45 years$1,085$639$360$197$105$7
46 years$1,050$610$338$182$95$6
47 years$1,016$582$318$168$86$5
48 years$983$555$299$155$78$4
49 years$952$530$281$143$71$4
50 years$923$507$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 $945,000, adding $3,319 every year, while hoping to spend $52,386 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: 74/19/7 Blend
29$945,000$945,000$945,000$945,000
30$1,044,814$994,729$980,081$1,120,890
31$1,095,646$987,732$957,175$1,164,446
32$1,149,908$978,637$931,747$1,205,196
33$1,207,894$967,285$903,655$1,248,345
34$1,269,926$953,509$872,754$1,294,112
35$1,336,358$937,130$838,891$1,342,740
36$1,407,578$917,962$801,907$1,394,496
37$1,484,013$895,804$761,632$1,449,676
38$1,566,130$870,445$717,894$1,508,606
39$1,654,440$841,663$670,509$1,571,647
40$1,749,509$809,220$619,286$1,639,198
41$1,851,953$772,866$564,027$1,711,698
42$1,962,452$732,336$504,522$1,789,634
43$2,081,753$687,351$440,554$1,873,542
44$2,210,675$637,615$371,896$1,964,018
45$2,350,119$582,813$298,310$2,061,715
46$2,501,077$522,616$219,548$2,167,358
47$2,664,636$456,674$135,352$2,281,746
48$2,841,994$384,616$45,452$2,405,764
49$3,034,469$306,053$0$2,540,387
50$3,243,507$220,572$0$2,690,463
51$3,470,702$127,738$0$2,857,280
52$3,717,806$27,090$0$3,038,777
53$3,986,747$0$0$3,236,429
54$4,279,647$0$0$3,468,978
55$4,598,839$0$0$3,728,611
56$4,946,893$0$0$4,011,760
57$5,326,636$0$0$4,320,730
58$5,741,181$0$0$4,658,057
59$6,193,952$0$0$5,026,535
60$6,688,723$0$0$5,429,238
61$7,229,644$0$0$5,869,552
62$7,821,287$0$0$6,351,203
63$8,468,685$0$0$6,878,297
64$9,177,381$0$0$7,455,350
65$9,953,479$0$0$8,087,341
66$10,803,698$0$0$8,779,748
67$11,735,442$0$0$9,538,607
68$12,756,861$0$0$10,370,564
69$13,876,933$0$0$11,282,940
70$15,105,547$0$0$12,283,797
71$16,453,594$0$0$13,382,017
72$17,933,072$0$0$14,587,381
73$19,557,195$0$0$15,910,665
74$21,340,519$0$0$17,363,738
75$23,299,079$0$0$18,959,676
76$25,450,540$0$0$20,712,881
77$27,814,362$0$0$22,639,222
78$30,411,980$0$0$24,756,179
79$33,267,014$0$0$27,083,010
80$36,405,480$0$0$29,640,931
81$39,856,046$0$0$32,453,317
82$43,650,290$0$0$35,545,921
83$47,823,009$0$0$38,947,114
84$52,412,538$0$0$42,688,157
85$57,461,113$0$0$46,803,493
86$63,015,271$0$0$51,331,069
87$69,126,288$0$0$56,312,697
88$75,850,656$0$0$61,794,445
89$83,250,626$0$0$67,827,074
90$91,394,782$0$0$74,466,514
91$100,358,700$0$0$81,774,390
92$110,225,649$0$0$89,818,607
93$121,087,384$0$0$98,673,986
94$133,045,005$0$0$108,422,970
95$146,209,914$0$0$119,156,405
96$160,704,866$0$0$130,974,390
97$176,665,121$0$0$143,987,226
98$194,239,725$0$0$158,316,455
99$213,592,914$0$0$174,096,006
100$234,905,661$0$0$191,473,456