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%12.6%
1 years$78,120$77,424$76,745$76,082$75,435$74,617
2 years$38,673$37,953$37,255$36,578$35,922$35,097
3 years$25,526$24,803$24,106$23,436$22,790$21,986
4 years$18,954$18,233$17,543$16,884$16,254$15,476
5 years$15,011$14,295$13,614$12,969$12,356$11,606
6 years$12,384$11,673$11,002$10,371$9,777$9,056
7 years$10,508$9,803$9,143$8,527$7,951$7,260
8 years$9,102$8,403$7,754$7,153$6,596$5,935
9 years$8,008$7,316$6,679$6,093$5,555$4,923
10 years$7,134$6,449$5,822$5,252$4,733$4,130
11 years$6,420$5,741$5,126$4,571$4,071$3,496
12 years$5,825$5,153$4,549$4,009$3,528$2,981
13 years$5,321$4,657$4,064$3,539$3,076$2,557
14 years$4,890$4,233$3,652$3,142$2,697$2,204
15 years$4,517$3,867$3,297$2,802$2,374$1,907
16 years$4,191$3,548$2,989$2,509$2,098$1,656
17 years$3,904$3,267$2,720$2,254$1,861$1,442
18 years$3,648$3,019$2,483$2,032$1,654$1,259
19 years$3,420$2,798$2,273$1,836$1,475$1,102
20 years$3,215$2,600$2,086$1,663$1,317$966
21 years$3,030$2,422$1,919$1,509$1,179$848
22 years$2,862$2,261$1,769$1,372$1,056$746
23 years$2,708$2,114$1,633$1,249$948$656
24 years$2,568$1,981$1,510$1,140$852$578
25 years$2,439$1,859$1,399$1,041$767$510
26 years$2,320$1,747$1,297$952$691$450
27 years$2,210$1,644$1,205$871$623$398
28 years$2,108$1,549$1,120$798$562$352
29 years$2,014$1,462$1,042$732$508$311
30 years$1,926$1,380$971$672$459$275
31 years$1,843$1,305$905$617$415$244
32 years$1,766$1,235$844$567$375$216
33 years$1,694$1,169$788$521$339$191
34 years$1,626$1,108$737$480$307$169
35 years$1,563$1,051$689$442$278$150
36 years$1,502$998$644$407$252$133
37 years$1,446$948$603$375$229$118
38 years$1,392$901$565$345$207$105
39 years$1,341$856$529$318$188$93
40 years$1,293$815$496$294$170$82
41 years$1,248$776$465$271$155$73
42 years$1,204$739$436$250$140$65
43 years$1,163$704$409$231$127$58
44 years$1,124$671$384$213$116$51
45 years$1,087$640$361$197$105$45
46 years$1,051$610$339$182$95$40
47 years$1,017$582$318$168$87$36
48 years$984$556$299$155$79$32
49 years$953$531$281$143$71$28
50 years$924$507$264$133$65$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $946,000, adding $5,932 every year, while hoping to spend $48,390 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: 50/26/24 Blend
29$946,000$946,000$946,000$946,000
30$1,048,611$998,473$983,810$1,093,693
31$1,104,083$995,911$965,281$1,123,098
32$1,163,591$991,603$944,509$1,149,676
33$1,227,496$985,410$921,369$1,177,579
34$1,296,193$977,188$895,728$1,206,953
35$1,370,118$966,783$867,448$1,237,961
36$1,449,747$954,033$836,385$1,270,786
37$1,535,604$938,764$802,387$1,305,632
38$1,628,266$920,793$765,296$1,342,727
39$1,728,363$899,926$724,948$1,382,327
40$1,836,592$875,958$681,170$1,424,714
41$1,953,717$848,672$633,781$1,470,208
42$2,080,576$817,838$582,593$1,519,160
43$2,218,095$783,211$527,410$1,571,964
44$2,367,286$744,535$468,024$1,629,059
45$2,529,269$701,536$404,222$1,690,932
46$2,705,269$653,927$335,779$1,758,127
47$2,896,640$601,402$262,460$1,831,246
48$3,104,866$543,639$184,021$1,910,959
49$3,331,583$480,299$100,207$1,998,013
50$3,578,592$411,021$10,751$2,093,235
51$3,847,871$335,424$0$2,197,542
52$4,141,602$253,107$0$2,333,649
53$4,462,182$163,646$0$2,485,341
54$4,812,253$66,593$0$2,651,194
55$5,194,721$0$0$2,832,680
56$5,612,787$0$0$3,042,449
57$6,069,974$0$0$3,292,778
58$6,570,161$0$0$3,566,750
59$7,117,621$0$0$3,866,718
60$7,717,057$0$0$4,195,272
61$8,373,648$0$0$4,555,264
62$9,093,100$0$0$4,949,836
63$9,881,694$0$0$5,382,446
64$10,746,349$0$0$5,856,907
65$11,694,686$0$0$6,377,414
66$12,735,097$0$0$6,948,590
67$13,876,828$0$0$7,575,528
68$15,130,063$0$0$8,263,836
69$16,506,018$0$0$9,019,693
70$18,017,051$0$0$9,849,906
71$19,676,772$0$0$10,761,972
72$21,500,178$0$0$11,764,150
73$23,503,786$0$0$12,865,541
74$25,705,797$0$0$14,076,170
75$28,126,258$0$0$15,407,081
76$30,787,257$0$0$16,870,441
77$33,713,131$0$0$18,479,658
78$36,930,689$0$0$20,249,499
79$40,469,471$0$0$22,196,240
80$44,362,022$0$0$24,337,809
81$48,644,201$0$0$26,693,961
82$53,355,514$0$0$29,286,461
83$58,539,495$0$0$32,139,293
84$64,244,105$0$0$35,278,880
85$70,522,194$0$0$38,734,339
86$77,431,991$0$0$42,537,751
87$85,037,659$0$0$46,724,464
88$93,409,894$0$0$51,333,430
89$102,626,596$0$0$56,407,567
90$112,773,602$0$0$61,994,168
91$123,945,494$0$0$68,145,341
92$136,246,492$0$0$74,918,510
93$149,791,437$0$0$82,376,945
94$164,706,872$0$0$90,590,368
95$181,132,237$0$0$99,635,606
96$199,221,185$0$0$109,597,317
97$219,143,030$0$0$120,568,786
98$241,084,344$0$0$132,652,811
99$265,250,717$0$0$145,962,665
100$291,868,696$0$0$160,623,172