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%13.4%
1 years$78,120$77,424$76,745$76,082$75,435$74,369
2 years$38,673$37,953$37,255$36,578$35,922$34,850
3 years$25,526$24,803$24,106$23,436$22,790$21,746
4 years$18,954$18,233$17,543$16,884$16,254$15,245
5 years$15,011$14,295$13,614$12,969$12,356$11,386
6 years$12,384$11,673$11,002$10,371$9,777$8,846
7 years$10,508$9,803$9,143$8,527$7,951$7,060
8 years$9,102$8,403$7,754$7,153$6,596$5,745
9 years$8,008$7,316$6,679$6,093$5,555$4,743
10 years$7,134$6,449$5,822$5,252$4,733$3,960
11 years$6,420$5,741$5,126$4,571$4,071$3,335
12 years$5,825$5,153$4,549$4,009$3,528$2,829
13 years$5,321$4,657$4,064$3,539$3,076$2,414
14 years$4,890$4,233$3,652$3,142$2,697$2,069
15 years$4,517$3,867$3,297$2,802$2,374$1,781
16 years$4,191$3,548$2,989$2,509$2,098$1,538
17 years$3,904$3,267$2,720$2,254$1,861$1,332
18 years$3,648$3,019$2,483$2,032$1,654$1,157
19 years$3,420$2,798$2,273$1,836$1,475$1,006
20 years$3,215$2,600$2,086$1,663$1,317$877
21 years$3,030$2,422$1,919$1,509$1,179$765
22 years$2,862$2,261$1,769$1,372$1,056$669
23 years$2,708$2,114$1,633$1,249$948$585
24 years$2,568$1,981$1,510$1,140$852$512
25 years$2,439$1,859$1,399$1,041$767$449
26 years$2,320$1,747$1,297$952$691$394
27 years$2,210$1,644$1,205$871$623$346
28 years$2,108$1,549$1,120$798$562$304
29 years$2,014$1,462$1,042$732$508$267
30 years$1,926$1,380$971$672$459$235
31 years$1,843$1,305$905$617$415$206
32 years$1,766$1,235$844$567$375$181
33 years$1,694$1,169$788$521$339$160
34 years$1,626$1,108$737$480$307$141
35 years$1,563$1,051$689$442$278$124
36 years$1,502$998$644$407$252$109
37 years$1,446$948$603$375$229$96
38 years$1,392$901$565$345$207$85
39 years$1,341$856$529$318$188$74
40 years$1,293$815$496$294$170$66
41 years$1,248$776$465$271$155$58
42 years$1,204$739$436$250$140$51
43 years$1,163$704$409$231$127$45
44 years$1,124$671$384$213$116$40
45 years$1,087$640$361$197$105$35
46 years$1,051$610$339$182$95$31
47 years$1,017$582$318$168$87$27
48 years$984$556$299$155$79$24
49 years$953$531$281$143$71$21
50 years$924$507$264$133$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $946,000, adding $6,541 every year, while hoping to spend $40,598 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: 42/39/19 Blend
29$946,000$946,000$946,000$946,000
30$1,049,239$999,101$984,438$1,087,220
31$1,113,065$1,004,861$974,221$1,120,524
32$1,182,042$1,009,543$962,301$1,152,116
33$1,256,650$1,013,050$948,577$1,185,484
34$1,337,420$1,015,282$932,947$1,220,810
35$1,424,936$1,016,129$915,299$1,258,299
36$1,519,837$1,015,478$895,520$1,298,178
37$1,622,830$1,013,206$873,490$1,340,700
38$1,734,689$1,009,183$849,082$1,386,147
39$1,856,267$1,003,273$822,166$1,434,830
40$1,988,503$995,329$792,605$1,487,099
41$2,132,427$985,198$760,254$1,543,338
42$2,289,177$972,714$724,965$1,603,978
43$2,460,001$957,705$686,579$1,669,495
44$2,646,275$939,987$644,933$1,740,418
45$2,849,512$919,363$599,856$1,817,335
46$3,071,379$895,629$551,168$1,900,897
47$3,313,710$868,565$498,682$1,991,827
48$3,578,524$837,940$442,203$2,090,927
49$3,868,043$803,509$381,527$2,199,085
50$4,184,716$765,014$316,440$2,317,286
51$4,531,236$722,178$246,720$2,446,622
52$4,910,571$674,714$172,135$2,588,302
53$5,325,989$622,315$92,441$2,743,666
54$5,781,087$564,655$7,385$2,914,197
55$6,279,829$501,394$0$3,101,536
56$6,826,577$432,169$0$3,324,407
57$7,426,140$356,597$0$3,570,613
58$8,083,811$274,274$0$3,840,940
59$8,805,420$184,774$0$4,137,912
60$9,597,391$87,646$0$4,464,317
61$10,466,798$0$0$4,823,233
62$11,421,434$0$0$5,225,610
63$12,469,885$0$0$5,708,963
64$13,621,607$0$0$6,240,054
65$14,887,018$0$0$6,823,703
66$16,277,595$0$0$7,465,220
67$17,805,982$0$0$8,170,455
68$19,486,109$0$0$8,945,852
69$21,333,322$0$0$9,798,514
70$23,364,530$0$0$10,736,263
71$25,598,359$0$0$11,767,718
72$28,055,335$0$0$12,902,378
73$30,758,069$0$0$14,150,705
74$33,731,477$0$0$15,524,228
75$37,003,008$0$0$17,035,650
76$40,602,910$0$0$18,698,968
77$44,564,509$0$0$20,529,603
78$48,924,523$0$0$22,544,548
79$53,723,414$0$0$24,762,527
80$59,005,762$0$0$27,204,170
81$64,820,690$0$0$29,892,210
82$71,222,325$0$0$32,851,697
83$78,270,310$0$0$36,110,232
84$86,030,364$0$0$39,698,229
85$94,574,903$0$0$43,649,201
86$103,983,721$0$0$48,000,077
87$114,344,748$0$0$52,791,551
88$125,754,872$0$0$58,068,462
89$138,320,858$0$0$63,880,221
90$152,160,353$0$0$70,281,277
91$167,402,996$0$0$77,331,626
92$184,191,640$0$0$85,097,383
93$202,683,702$0$0$93,651,402
94$223,052,647$0$0$103,073,964
95$245,489,623$0$0$113,453,537
96$270,205,267$0$0$124,887,606
97$297,431,692$0$0$137,483,597
98$327,424,675$0$0$151,359,890
99$360,466,073$0$0$166,646,932
100$396,866,482$0$0$183,488,475