Can I retire at age 30 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$78,120$77,424$76,745$76,082$75,435$74,960
2 years$38,673$37,953$37,255$36,578$35,922$35,442
3 years$25,526$24,803$24,106$23,436$22,790$22,321
4 years$18,954$18,233$17,543$16,884$16,254$15,800
5 years$15,011$14,295$13,614$12,969$12,356$11,917
6 years$12,384$11,673$11,002$10,371$9,777$9,354
7 years$10,508$9,803$9,143$8,527$7,951$7,545
8 years$9,102$8,403$7,754$7,153$6,596$6,207
9 years$8,008$7,316$6,679$6,093$5,555$5,182
10 years$7,134$6,449$5,822$5,252$4,733$4,376
11 years$6,420$5,741$5,126$4,571$4,071$3,729
12 years$5,825$5,153$4,549$4,009$3,528$3,202
13 years$5,321$4,657$4,064$3,539$3,076$2,766
14 years$4,890$4,233$3,652$3,142$2,697$2,401
15 years$4,517$3,867$3,297$2,802$2,374$2,093
16 years$4,191$3,548$2,989$2,509$2,098$1,831
17 years$3,904$3,267$2,720$2,254$1,861$1,607
18 years$3,648$3,019$2,483$2,032$1,654$1,414
19 years$3,420$2,798$2,273$1,836$1,475$1,247
20 years$3,215$2,600$2,086$1,663$1,317$1,102
21 years$3,030$2,422$1,919$1,509$1,179$976
22 years$2,862$2,261$1,769$1,372$1,056$865
23 years$2,708$2,114$1,633$1,249$948$768
24 years$2,568$1,981$1,510$1,140$852$682
25 years$2,439$1,859$1,399$1,041$767$607
26 years$2,320$1,747$1,297$952$691$540
27 years$2,210$1,644$1,205$871$623$482
28 years$2,108$1,549$1,120$798$562$429
29 years$2,014$1,462$1,042$732$508$383
30 years$1,926$1,380$971$672$459$342
31 years$1,843$1,305$905$617$415$306
32 years$1,766$1,235$844$567$375$273
33 years$1,694$1,169$788$521$339$244
34 years$1,626$1,108$737$480$307$218
35 years$1,563$1,051$689$442$278$195
36 years$1,502$998$644$407$252$175
37 years$1,446$948$603$375$229$156
38 years$1,392$901$565$345$207$140
39 years$1,341$856$529$318$188$125
40 years$1,293$815$496$294$170$112
41 years$1,248$776$465$271$155$101
42 years$1,204$739$436$250$140$90
43 years$1,163$704$409$231$127$81
44 years$1,124$671$384$213$116$72
45 years$1,087$640$361$197$105$65
46 years$1,051$610$339$182$95$58
47 years$1,017$582$318$168$87$52
48 years$984$556$299$155$79$47
49 years$953$531$281$143$71$42
50 years$924$507$264$133$65$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $946,000, adding $2,448 every year, while hoping to spend $49,946 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: 78/16/6 Blend
29$946,000$946,000$946,000$946,000
30$1,045,017$994,879$980,216$1,125,793
31$1,098,467$990,486$959,911$1,174,717
32$1,155,694$984,204$937,252$1,221,597
33$1,217,032$975,887$912,107$1,271,520
34$1,282,845$965,381$884,339$1,324,765
35$1,353,535$952,524$853,803$1,381,639
36$1,429,539$937,141$820,349$1,442,483
37$1,511,341$919,050$783,820$1,507,669
38$1,599,470$898,056$744,051$1,577,613
39$1,694,509$873,954$700,869$1,652,767
40$1,797,096$846,525$654,096$1,733,635
41$1,907,935$815,539$603,542$1,820,769
42$2,027,796$780,753$549,013$1,914,781
43$2,157,528$741,907$490,302$2,016,344
44$2,298,065$698,729$427,195$2,126,200
45$2,450,430$650,930$359,470$2,245,170
46$2,615,753$598,204$286,891$2,374,156
47$2,795,274$540,230$209,216$2,514,155
48$2,990,356$476,665$126,188$2,666,269
49$3,202,500$407,149$37,543$2,831,709
50$3,433,357$331,302$0$3,011,813
51$3,684,745$248,721$0$3,211,712
52$3,958,661$158,980$0$3,432,182
53$4,257,305$61,632$0$3,672,634
54$4,583,100$0$0$3,935,070
55$4,938,709$0$0$4,229,407
56$5,327,067$0$0$4,562,729
57$5,751,403$0$0$4,926,960
58$6,215,271$0$0$5,325,156
59$6,722,587$0$0$5,760,681
60$7,277,660$0$0$6,237,239
61$7,885,235$0$0$6,758,909
62$8,550,538$0$0$7,330,181
63$9,279,325$0$0$7,956,002
64$10,077,931$0$0$8,641,817
65$10,953,336$0$0$9,393,627
66$11,913,228$0$0$10,218,037
67$12,966,073$0$0$11,122,323
68$14,121,195$0$0$12,114,502
69$15,388,866$0$0$13,203,401
70$16,780,399$0$0$14,398,743
71$18,308,258$0$0$15,711,241
72$19,986,170$0$0$17,152,695
73$21,829,259$0$0$18,736,102
74$23,854,185$0$0$20,475,783
75$26,079,302$0$0$22,387,512
76$28,524,828$0$0$24,488,668
77$31,213,038$0$0$26,798,397
78$34,168,475$0$0$29,337,793
79$37,418,175$0$0$32,130,095
80$40,991,927$0$0$35,200,907
81$44,922,549$0$0$38,578,439
82$49,246,203$0$0$42,293,770
83$54,002,729$0$0$46,381,146
84$59,236,023$0$0$50,878,297
85$64,994,450$0$0$55,826,794
86$71,331,303$0$0$61,272,444
87$78,305,298$0$0$67,265,717
88$85,981,133$0$0$73,862,224
89$94,430,099$0$0$81,123,239
90$103,730,743$0$0$89,116,280
91$113,969,620$0$0$97,915,744
92$125,242,099$0$0$107,603,605
93$137,653,271$0$0$118,270,192
94$151,318,931$0$0$130,015,039
95$166,366,676$0$0$142,947,820
96$182,937,108$0$0$157,189,389
97$201,185,156$0$0$172,872,917
98$221,281,542$0$0$190,145,146
99$243,414,388$0$0$209,167,776
100$267,790,991$0$0$230,118,992