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%13.8%
1 years$78,120$77,424$76,745$76,082$75,435$74,247
2 years$38,673$37,953$37,255$36,578$35,922$34,727
3 years$25,526$24,803$24,106$23,436$22,790$21,627
4 years$18,954$18,233$17,543$16,884$16,254$15,131
5 years$15,011$14,295$13,614$12,969$12,356$11,277
6 years$12,384$11,673$11,002$10,371$9,777$8,743
7 years$10,508$9,803$9,143$8,527$7,951$6,962
8 years$9,102$8,403$7,754$7,153$6,596$5,652
9 years$8,008$7,316$6,679$6,093$5,555$4,655
10 years$7,134$6,449$5,822$5,252$4,733$3,877
11 years$6,420$5,741$5,126$4,571$4,071$3,257
12 years$5,825$5,153$4,549$4,009$3,528$2,756
13 years$5,321$4,657$4,064$3,539$3,076$2,345
14 years$4,890$4,233$3,652$3,142$2,697$2,005
15 years$4,517$3,867$3,297$2,802$2,374$1,721
16 years$4,191$3,548$2,989$2,509$2,098$1,482
17 years$3,904$3,267$2,720$2,254$1,861$1,280
18 years$3,648$3,019$2,483$2,032$1,654$1,108
19 years$3,420$2,798$2,273$1,836$1,475$961
20 years$3,215$2,600$2,086$1,663$1,317$835
21 years$3,030$2,422$1,919$1,509$1,179$727
22 years$2,862$2,261$1,769$1,372$1,056$633
23 years$2,708$2,114$1,633$1,249$948$552
24 years$2,568$1,981$1,510$1,140$852$482
25 years$2,439$1,859$1,399$1,041$767$421
26 years$2,320$1,747$1,297$952$691$368
27 years$2,210$1,644$1,205$871$623$322
28 years$2,108$1,549$1,120$798$562$282
29 years$2,014$1,462$1,042$732$508$247
30 years$1,926$1,380$971$672$459$216
31 years$1,843$1,305$905$617$415$190
32 years$1,766$1,235$844$567$375$166
33 years$1,694$1,169$788$521$339$146
34 years$1,626$1,108$737$480$307$128
35 years$1,563$1,051$689$442$278$112
36 years$1,502$998$644$407$252$99
37 years$1,446$948$603$375$229$86
38 years$1,392$901$565$345$207$76
39 years$1,341$856$529$318$188$67
40 years$1,293$815$496$294$170$59
41 years$1,248$776$465$271$155$51
42 years$1,204$739$436$250$140$45
43 years$1,163$704$409$231$127$40
44 years$1,124$671$384$213$116$35
45 years$1,087$640$361$197$105$31
46 years$1,051$610$339$182$95$27
47 years$1,017$582$318$168$87$24
48 years$984$556$299$155$79$21
49 years$953$531$281$143$71$18
50 years$924$507$264$133$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $946,000, adding $2,463 every year, while hoping to spend $27,979 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: 39/43/18 Blend
29$946,000$946,000$946,000$946,000
30$1,045,033$994,895$980,232$1,080,084
31$1,121,856$1,013,875$983,300$1,124,394
32$1,205,579$1,032,848$985,533$1,169,413
33$1,296,873$1,051,783$986,874$1,217,504
34$1,396,482$1,070,648$987,262$1,268,963
35$1,505,222$1,089,408$986,634$1,324,111
36$1,623,992$1,108,026$984,923$1,383,307
37$1,753,781$1,126,462$982,060$1,446,944
38$1,895,679$1,144,671$977,972$1,515,457
39$2,050,885$1,162,607$972,581$1,589,328
40$2,220,721$1,180,220$965,808$1,669,085
41$2,406,641$1,197,457$957,569$1,755,314
42$2,610,245$1,214,260$947,775$1,848,662
43$2,833,298$1,230,566$936,333$1,949,841
44$3,077,743$1,246,312$923,148$2,059,639
45$3,345,717$1,261,425$908,118$2,178,924
46$3,639,576$1,275,832$891,136$2,308,655
47$3,961,917$1,289,451$872,093$2,449,891
48$4,315,595$1,302,197$850,871$2,603,799
49$4,703,760$1,313,979$827,350$2,771,670
50$5,129,880$1,324,700$801,402$2,954,926
51$5,597,772$1,334,256$772,894$3,155,137
52$6,111,647$1,342,536$741,687$3,374,036
53$6,676,138$1,349,423$707,637$3,613,535
54$7,296,351$1,354,792$670,590$3,875,745
55$7,977,913$1,358,511$630,389$4,162,993
56$8,727,020$1,360,438$586,867$4,477,849
57$9,550,500$1,360,423$539,851$4,823,148
58$10,455,875$1,358,307$489,159$5,202,016
59$11,451,431$1,353,922$434,603$5,617,903
60$12,546,299$1,347,086$375,985$6,074,617
61$13,750,539$1,337,611$313,097$6,576,356
62$15,075,234$1,325,293$245,726$7,127,753
63$16,532,594$1,309,919$173,645$7,733,918
64$18,136,076$1,291,262$96,619$8,400,487
65$19,900,503$1,269,082$14,403$9,133,678
66$21,842,211$1,243,123$0$9,940,347
67$23,979,195$1,213,115$0$10,842,145
68$26,331,288$1,178,773$0$11,837,196
69$28,920,341$1,139,794$0$12,931,984
70$31,770,429$1,095,857$0$14,136,714
71$34,908,084$1,046,625$0$15,462,633
72$38,362,536$991,738$0$16,922,144
73$42,165,999$930,817$0$18,528,918
74$46,353,965$863,461$0$20,298,028
75$50,965,545$789,246$0$22,246,093
76$56,043,836$707,724$0$24,391,431
77$61,636,326$618,421$0$26,754,239
78$67,795,344$520,838$0$29,356,780
79$74,578,555$414,444$0$32,223,597
80$82,049,497$298,681$0$35,381,746
81$90,278,189$172,960$0$38,861,054
82$99,341,787$36,658$0$42,694,398
83$109,325,311$0$0$46,918,022
84$120,322,451$0$0$51,624,345
85$132,436,446$0$0$56,827,931
86$145,781,064$0$0$62,560,327
87$160,481,669$0$0$68,875,409
88$176,676,412$0$0$75,832,549
89$194,517,524$0$0$83,497,170
90$214,172,764$0$0$91,941,368
91$235,826,994$0$0$101,244,590
92$259,683,926$0$0$111,494,384
93$285,968,046$0$0$122,787,227
94$314,926,732$0$0$135,229,434
95$346,832,588$0$0$148,938,159
96$381,986,015$0$0$164,042,507
97$420,718,052$0$0$180,684,748
98$463,393,495$0$0$199,021,659
99$510,414,342$0$0$219,226,007
100$562,223,589$0$0$241,488,180