Can I retire at age 30 with 946,000?

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 $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%17.7%
1 years$78,120$77,424$76,745$76,082$75,435$73,079
2 years$38,673$37,953$37,255$36,578$35,922$33,569
3 years$25,526$24,803$24,106$23,436$22,790$20,514
4 years$18,954$18,233$17,543$16,884$16,254$14,073
5 years$15,011$14,295$13,614$12,969$12,356$10,275
6 years$12,384$11,673$11,002$10,371$9,777$7,799
7 years$10,508$9,803$9,143$8,527$7,951$6,075
8 years$9,102$8,403$7,754$7,153$6,596$4,821
9 years$8,008$7,316$6,679$6,093$5,555$3,879
10 years$7,134$6,449$5,822$5,252$4,733$3,153
11 years$6,420$5,741$5,126$4,571$4,071$2,584
12 years$5,825$5,153$4,549$4,009$3,528$2,132
13 years$5,321$4,657$4,064$3,539$3,076$1,767
14 years$4,890$4,233$3,652$3,142$2,697$1,471
15 years$4,517$3,867$3,297$2,802$2,374$1,229
16 years$4,191$3,548$2,989$2,509$2,098$1,029
17 years$3,904$3,267$2,720$2,254$1,861$864
18 years$3,648$3,019$2,483$2,032$1,654$727
19 years$3,420$2,798$2,273$1,836$1,475$613
20 years$3,215$2,600$2,086$1,663$1,317$517
21 years$3,030$2,422$1,919$1,509$1,179$436
22 years$2,862$2,261$1,769$1,372$1,056$369
23 years$2,708$2,114$1,633$1,249$948$312
24 years$2,568$1,981$1,510$1,140$852$264
25 years$2,439$1,859$1,399$1,041$767$224
26 years$2,320$1,747$1,297$952$691$190
27 years$2,210$1,644$1,205$871$623$161
28 years$2,108$1,549$1,120$798$562$136
29 years$2,014$1,462$1,042$732$508$116
30 years$1,926$1,380$971$672$459$98
31 years$1,843$1,305$905$617$415$83
32 years$1,766$1,235$844$567$375$71
33 years$1,694$1,169$788$521$339$60
34 years$1,626$1,108$737$480$307$51
35 years$1,563$1,051$689$442$278$43
36 years$1,502$998$644$407$252$37
37 years$1,446$948$603$375$229$31
38 years$1,392$901$565$345$207$26
39 years$1,341$856$529$318$188$23
40 years$1,293$815$496$294$170$19
41 years$1,248$776$465$271$155$16
42 years$1,204$739$436$250$140$14
43 years$1,163$704$409$231$127$12
44 years$1,124$671$384$213$116$10
45 years$1,087$640$361$197$105$8
46 years$1,051$610$339$182$95$7
47 years$1,017$582$318$168$87$6
48 years$984$556$299$155$79$5
49 years$953$531$281$143$71$4
50 years$924$507$264$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $946,000, adding $4,618 every year, while hoping to spend $46,979 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: 76/10/14 Blend
29$946,000$946,000$946,000$946,000
30$1,047,255$997,117$982,454$1,123,431
31$1,104,090$995,991$965,381$1,173,212
32$1,165,148$993,235$946,162$1,221,416
33$1,230,809$988,719$924,674$1,272,968
34$1,301,492$982,307$900,792$1,328,184
35$1,377,657$973,853$874,381$1,387,416
36$1,459,808$963,202$845,303$1,451,050
37$1,548,500$950,190$813,412$1,519,512
38$1,644,342$934,645$778,556$1,593,273
39$1,748,003$916,381$740,576$1,672,851
40$1,860,220$895,204$699,307$1,758,818
41$1,981,802$870,908$654,572$1,851,805
42$2,113,638$843,275$606,193$1,952,508
43$2,256,707$812,073$553,978$2,061,696
44$2,412,084$777,058$497,729$2,180,215
45$2,580,953$737,970$437,239$2,308,999
46$2,764,616$694,536$372,293$2,449,079
47$2,964,505$646,467$302,663$2,601,591
48$3,182,198$593,457$228,115$2,767,791
49$3,419,427$535,181$148,402$2,949,060
50$3,678,101$471,298$63,267$3,146,926
51$3,960,322$401,447$0$3,363,070
52$4,268,402$325,245$0$3,603,470
53$4,604,886$242,289$0$3,876,406
54$4,972,577$152,153$0$4,174,720
55$5,374,558$54,387$0$4,500,947
56$5,814,227$0$0$4,857,882
57$6,295,324$0$0$5,254,269
58$6,821,966$0$0$5,694,769
59$7,398,687$0$0$6,177,194
60$8,030,482$0$0$6,705,725
61$8,722,850$0$0$7,284,968
62$9,481,846$0$0$7,919,994
63$10,314,143$0$0$8,616,390
64$11,227,085$0$0$9,380,308
65$12,228,766$0$0$10,218,524
66$13,328,099$0$0$11,138,503
67$14,534,902$0$0$12,148,467
68$15,859,990$0$0$13,257,473
69$17,315,277$0$0$14,475,498
70$18,913,886$0$0$15,813,534
71$20,670,275$0$0$17,283,688
72$22,600,372$0$0$18,899,298
73$24,721,723$0$0$20,675,060
74$27,053,660$0$0$22,627,162
75$29,617,480$0$0$24,773,442
76$32,436,646$0$0$27,133,548
77$35,537,009$0$0$29,729,132
78$38,947,052$0$0$32,584,046
79$42,698,156$0$0$35,724,571
80$46,824,895$0$0$39,179,664
81$51,365,365$0$0$42,981,229
82$56,361,538$0$0$47,164,418
83$61,859,665$0$0$51,767,964
84$67,910,701$0$0$56,834,545
85$74,570,796$0$0$62,411,184
86$81,901,816$0$0$68,549,694
87$89,971,931$0$0$75,307,169
88$98,856,256$0$0$82,746,516
89$108,637,559$0$0$90,937,054
90$119,407,041$0$0$99,955,164
91$131,265,196$0$0$109,885,012
92$144,322,760$0$0$120,819,338
93$158,701,753$0$0$132,860,336
94$174,536,633$0$0$146,120,614
95$191,975,561$0$0$160,724,260
96$211,181,800$0$0$176,808,007
97$232,335,253$0$0$194,522,527
98$255,634,166$0$0$214,033,851
99$281,296,991$0$0$235,524,937
100$309,564,450$0$0$259,197,391