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%12.4%
1 years$78,037$77,342$76,664$76,002$75,356$74,600
2 years$38,632$37,913$37,215$36,539$35,884$35,122
3 years$25,499$24,776$24,081$23,411$22,766$22,023
4 years$18,934$18,213$17,525$16,866$16,237$15,518
5 years$14,996$14,279$13,600$12,955$12,343$11,650
6 years$12,371$11,660$10,991$10,360$9,767$9,100
7 years$10,497$9,792$9,133$8,518$7,943$7,304
8 years$9,092$8,394$7,746$7,145$6,589$5,977
9 years$8,000$7,308$6,671$6,086$5,549$4,964
10 years$7,127$6,442$5,816$5,246$4,728$4,170
11 years$6,413$5,735$5,121$4,566$4,066$3,534
12 years$5,818$5,147$4,544$4,005$3,524$3,017
13 years$5,316$4,652$4,060$3,536$3,073$2,591
14 years$4,885$4,228$3,648$3,139$2,694$2,236
15 years$4,513$3,863$3,294$2,799$2,372$1,938
16 years$4,187$3,544$2,986$2,506$2,096$1,685
17 years$3,900$3,264$2,717$2,252$1,859$1,469
18 years$3,645$3,016$2,481$2,029$1,653$1,285
19 years$3,417$2,795$2,271$1,834$1,473$1,126
20 years$3,212$2,597$2,084$1,661$1,316$988
21 years$3,027$2,419$1,917$1,507$1,177$869
22 years$2,859$2,258$1,767$1,370$1,055$765
23 years$2,705$2,112$1,631$1,248$947$675
24 years$2,565$1,979$1,509$1,138$852$595
25 years$2,436$1,857$1,397$1,040$766$526
26 years$2,318$1,745$1,296$951$690$465
27 years$2,208$1,643$1,203$870$622$412
28 years$2,106$1,548$1,119$797$561$364
29 years$2,012$1,460$1,041$731$507$323
30 years$1,924$1,379$970$671$458$286
31 years$1,841$1,304$904$616$414$254
32 years$1,764$1,233$843$566$375$225
33 years$1,692$1,168$788$521$339$200
34 years$1,625$1,107$736$479$307$177
35 years$1,561$1,050$688$441$278$157
36 years$1,501$997$644$406$252$140
37 years$1,444$947$602$374$228$124
38 years$1,391$900$564$345$207$110
39 years$1,340$855$529$318$188$98
40 years$1,292$814$495$293$170$87
41 years$1,246$775$464$271$154$77
42 years$1,203$738$436$250$140$69
43 years$1,162$703$409$231$127$61
44 years$1,123$670$384$213$115$54
45 years$1,085$639$360$197$105$48
46 years$1,050$610$338$182$95$43
47 years$1,016$582$318$168$86$38
48 years$983$555$299$155$78$34
49 years$952$530$281$143$71$30
50 years$923$507$264$132$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $945,000, adding $4,506 every year, while hoping to spend $34,171 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: 46/47/7 Blend
29$945,000$945,000$945,000$945,000
30$1,046,038$995,953$981,305$1,091,949
31$1,116,376$1,008,397$977,821$1,136,452
32$1,192,744$1,020,305$973,076$1,180,775
33$1,275,719$1,031,616$966,989$1,228,059
34$1,365,940$1,042,262$959,481$1,278,587
35$1,464,106$1,052,174$950,463$1,332,674
36$1,570,988$1,061,274$939,848$1,390,668
37$1,687,435$1,069,482$927,539$1,452,950
38$1,814,380$1,076,714$913,438$1,519,946
39$1,952,851$1,082,877$897,442$1,592,124
40$2,103,978$1,087,874$879,443$1,670,001
41$2,269,006$1,091,602$859,326$1,754,149
42$2,449,305$1,093,951$836,974$1,845,200
43$2,646,383$1,094,804$812,262$1,943,852
44$2,861,902$1,094,037$785,060$2,050,877
45$3,097,690$1,091,518$755,234$2,167,127
46$3,355,760$1,087,109$722,640$2,293,544
47$3,638,330$1,080,659$687,131$2,431,167
48$3,947,841$1,072,012$648,551$2,581,146
49$4,286,981$1,061,002$606,738$2,744,750
50$4,658,712$1,047,450$561,523$2,923,381
51$5,066,296$1,031,170$512,728$3,118,585
52$5,513,323$1,011,962$460,170$3,332,074
53$6,003,751$989,617$403,654$3,565,735
54$6,541,936$963,911$342,979$3,821,652
55$7,132,679$934,608$277,934$4,102,127
56$7,781,266$901,458$208,300$4,409,702
57$8,493,523$864,197$133,846$4,747,182
58$9,275,866$822,546$54,332$5,117,665
59$10,135,361$776,207$0$5,524,568
60$11,079,795$724,869$0$5,973,947
61$12,117,746$668,200$0$6,472,166
62$13,258,665$605,850$0$7,019,780
63$14,512,961$537,450$0$7,621,884
64$15,892,107$462,608$0$8,284,101
65$17,408,738$380,912$0$9,012,633
66$19,076,778$291,925$0$9,814,323
67$20,911,567$195,187$0$10,696,719
68$22,930,006$90,211$0$11,668,150
69$25,150,719$0$0$12,737,802
70$27,594,222$0$0$13,927,972
71$30,283,124$0$0$15,289,137
72$33,242,334$0$0$16,787,267
73$36,499,299$0$0$18,436,274
74$40,084,262$0$0$20,251,485
75$44,030,544$0$0$22,249,792
76$48,374,864$0$0$24,449,805
77$53,157,681$0$0$26,872,030
78$58,423,576$0$0$29,539,066
79$64,221,672$0$0$32,475,810
80$70,606,099$0$0$35,709,702
81$77,636,502$0$0$39,270,973
82$85,378,607$0$0$43,192,938
83$93,904,837$0$0$47,512,308
84$103,294,997$0$0$52,269,535
85$113,637,028$0$0$57,509,195
86$125,027,832$0$0$63,280,408
87$137,574,193$0$0$69,637,300
88$151,393,779$0$0$76,639,518
89$166,616,254$0$0$84,352,787
90$183,384,501$0$0$92,849,534
91$201,855,971$0$0$102,209,572
92$222,204,168$0$0$112,520,849
93$244,620,286$0$0$123,880,283
94$269,315,013$0$0$136,394,671
95$296,520,522$0$0$150,181,703
96$326,492,657$0$0$165,371,067
97$359,513,352$0$0$182,105,678
98$395,893,288$0$0$200,543,023
99$435,974,830$0$0$220,856,647
100$480,135,252$0$0$243,237,795