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%11.9%
1 years$78,037$77,342$76,664$76,002$75,356$74,755
2 years$38,632$37,913$37,215$36,539$35,884$35,279
3 years$25,499$24,776$24,081$23,411$22,766$22,175
4 years$18,934$18,213$17,525$16,866$16,237$15,664
5 years$14,996$14,279$13,600$12,955$12,343$11,791
6 years$12,371$11,660$10,991$10,360$9,767$9,235
7 years$10,497$9,792$9,133$8,518$7,943$7,432
8 years$9,092$8,394$7,746$7,145$6,589$6,100
9 years$8,000$7,308$6,671$6,086$5,549$5,081
10 years$7,127$6,442$5,816$5,246$4,728$4,281
11 years$6,413$5,735$5,121$4,566$4,066$3,639
12 years$5,818$5,147$4,544$4,005$3,524$3,117
13 years$5,316$4,652$4,060$3,536$3,073$2,685
14 years$4,885$4,228$3,648$3,139$2,694$2,325
15 years$4,513$3,863$3,294$2,799$2,372$2,021
16 years$4,187$3,544$2,986$2,506$2,096$1,764
17 years$3,900$3,264$2,717$2,252$1,859$1,544
18 years$3,645$3,016$2,481$2,029$1,653$1,355
19 years$3,417$2,795$2,271$1,834$1,473$1,191
20 years$3,212$2,597$2,084$1,661$1,316$1,050
21 years$3,027$2,419$1,917$1,507$1,177$926
22 years$2,859$2,258$1,767$1,370$1,055$819
23 years$2,705$2,112$1,631$1,248$947$725
24 years$2,565$1,979$1,509$1,138$852$642
25 years$2,436$1,857$1,397$1,040$766$569
26 years$2,318$1,745$1,296$951$690$505
27 years$2,208$1,643$1,203$870$622$449
28 years$2,106$1,548$1,119$797$561$399
29 years$2,012$1,460$1,041$731$507$355
30 years$1,924$1,379$970$671$458$316
31 years$1,841$1,304$904$616$414$281
32 years$1,764$1,233$843$566$375$250
33 years$1,692$1,168$788$521$339$223
34 years$1,625$1,107$736$479$307$199
35 years$1,561$1,050$688$441$278$177
36 years$1,501$997$644$406$252$158
37 years$1,444$947$602$374$228$141
38 years$1,391$900$564$345$207$126
39 years$1,340$855$529$318$188$112
40 years$1,292$814$495$293$170$100
41 years$1,246$775$464$271$154$89
42 years$1,203$738$436$250$140$80
43 years$1,162$703$409$231$127$71
44 years$1,123$670$384$213$115$64
45 years$1,085$639$360$197$105$57
46 years$1,050$610$338$182$95$51
47 years$1,016$582$318$168$86$45
48 years$983$555$299$155$78$40
49 years$952$530$281$143$71$36
50 years$923$507$264$132$65$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $945,000, adding $3,799 every year, while hoping to spend $53,874 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: 31/42/27 Blend
29$945,000$945,000$945,000$945,000
30$1,045,309$995,224$980,576$1,068,959
31$1,094,609$986,668$956,104$1,078,953
32$1,147,132$975,888$929,006$1,084,695
33$1,203,149$962,717$899,138$1,089,809
34$1,262,960$946,979$866,349$1,094,275
35$1,326,889$928,488$830,479$1,098,081
36$1,395,295$907,048$791,363$1,101,213
37$1,468,570$882,448$748,829$1,103,667
38$1,547,144$854,468$702,694$1,105,442
39$1,631,489$822,873$652,771$1,106,543
40$1,722,124$787,416$598,861$1,106,982
41$1,819,616$747,835$540,759$1,106,782
42$1,924,590$703,852$478,247$1,105,972
43$2,037,732$655,174$411,102$1,104,596
44$2,159,794$601,492$339,088$1,102,709
45$2,291,604$542,476$261,959$1,100,380
46$2,434,072$477,782$179,459$1,097,696
47$2,588,196$407,042$91,319$1,094,763
48$2,755,076$329,870$0$1,091,707
49$2,935,917$245,858$0$1,089,470
50$3,132,049$154,573$0$1,115,567
51$3,344,932$55,561$0$1,143,960
52$3,576,171$0$0$1,174,985
53$3,827,533$0$0$1,232,897
54$4,100,962$0$0$1,323,954
55$4,398,595$0$0$1,423,205
56$4,722,787$0$0$1,531,453
57$5,076,125$0$0$1,649,579
58$5,461,460$0$0$1,778,554
59$5,881,927$0$0$1,919,448
60$6,340,978$0$0$2,073,436
61$6,842,415$0$0$2,241,815
62$7,390,420$0$0$2,426,010
63$7,989,599$0$0$2,627,592
64$8,645,023$0$0$2,848,291
65$9,362,275$0$0$3,090,010
66$10,147,504$0$0$3,354,848
67$11,007,480$0$0$3,645,113
68$11,949,659$0$0$3,963,350
69$12,982,252$0$0$4,312,359
70$14,114,301$0$0$4,695,226
71$15,355,768$0$0$5,115,351
72$16,717,621$0$0$5,576,477
73$18,211,943$0$0$6,082,728
74$19,852,043$0$0$6,638,646
75$21,652,582$0$0$7,249,235
76$23,629,708$0$0$7,920,007
77$25,801,211$0$0$8,657,036
78$28,186,687$0$0$9,467,012
79$30,807,725$0$0$10,357,304
80$33,688,108$0$0$11,336,032
81$36,854,036$0$0$12,412,143
82$40,334,376$0$0$13,595,492
83$44,160,930$0$0$14,896,938
84$48,368,734$0$0$16,328,444
85$52,996,390$0$0$17,903,193
86$58,086,430$0$0$19,635,707
87$63,685,714$0$0$21,541,989
88$69,845,869$0$0$23,639,670
89$76,623,784$0$0$25,948,178
90$84,082,135$0$0$28,488,916
91$92,289,984$0$0$31,285,472
92$101,323,424$0$0$34,363,833
93$111,266,302$0$0$37,752,635
94$122,211,001$0$0$41,483,431
95$134,259,319$0$0$45,590,990
96$147,523,423$0$0$50,113,621
97$162,126,911$0$0$55,093,539
98$178,205,971$0$0$60,577,262
99$195,910,672$0$0$66,616,045
100$215,406,374$0$0$73,266,372