Can I retire at age 30 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$78,202$77,506$76,826$76,163$75,515$72,923
2 years$38,714$37,993$37,294$36,617$35,960$33,374
3 years$25,553$24,829$24,132$23,461$22,814$20,317
4 years$18,974$18,252$17,562$16,902$16,271$13,882
5 years$15,027$14,310$13,629$12,982$12,369$10,093
6 years$12,397$11,685$11,014$10,382$9,787$7,627
7 years$10,519$9,813$9,153$8,536$7,960$5,914
8 years$9,111$8,412$7,762$7,160$6,603$4,671
9 years$8,017$7,324$6,686$6,099$5,561$3,740
10 years$7,142$6,456$5,829$5,257$4,738$3,025
11 years$6,427$5,747$5,131$4,576$4,075$2,466
12 years$5,831$5,158$4,554$4,013$3,531$2,024
13 years$5,327$4,661$4,069$3,543$3,079$1,669
14 years$4,896$4,237$3,656$3,145$2,699$1,381
15 years$4,522$3,871$3,301$2,805$2,377$1,147
16 years$4,196$3,551$2,993$2,512$2,101$956
17 years$3,908$3,271$2,723$2,257$1,863$798
18 years$3,652$3,022$2,486$2,034$1,656$667
19 years$3,424$2,801$2,276$1,838$1,476$558
20 years$3,219$2,603$2,088$1,664$1,318$468
21 years$3,033$2,424$1,921$1,510$1,180$393
22 years$2,865$2,263$1,771$1,373$1,058$330
23 years$2,711$2,117$1,635$1,251$949$278
24 years$2,571$1,983$1,512$1,141$853$233
25 years$2,442$1,861$1,400$1,042$768$196
26 years$2,323$1,749$1,299$953$692$165
27 years$2,213$1,646$1,206$872$624$139
28 years$2,111$1,551$1,121$799$563$117
29 years$2,016$1,463$1,043$733$508$99
30 years$1,928$1,382$972$672$459$83
31 years$1,845$1,306$906$617$415$70
32 years$1,768$1,236$845$567$375$59
33 years$1,696$1,171$789$522$340$50
34 years$1,628$1,109$737$480$308$42
35 years$1,564$1,052$689$442$279$36
36 years$1,504$999$645$407$252$30
37 years$1,447$949$604$375$229$25
38 years$1,394$902$565$346$207$21
39 years$1,343$857$530$319$188$18
40 years$1,295$816$496$294$171$15
41 years$1,249$776$465$271$155$13
42 years$1,206$739$437$250$140$11
43 years$1,164$705$410$231$127$9
44 years$1,125$672$385$213$116$8
45 years$1,088$640$361$197$105$7
46 years$1,052$611$339$182$95$5
47 years$1,018$583$319$168$87$5
48 years$985$557$299$155$79$4
49 years$954$531$281$144$71$3
50 years$925$508$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $947,000, adding $4,151 every year, while hoping to spend $24,037 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: 78/15/7 Blend
29$947,000$947,000$947,000$947,000
30$1,047,876$997,685$983,006$1,128,431
31$1,129,184$1,020,996$990,362$1,205,185
32$1,217,980$1,044,644$997,158$1,285,796
33$1,315,002$1,068,620$1,003,351$1,373,487
34$1,421,063$1,092,913$1,008,894$1,468,953
35$1,537,059$1,117,513$1,013,739$1,572,958
36$1,663,973$1,142,406$1,017,834$1,686,343
37$1,802,893$1,167,578$1,021,126$1,810,036
38$1,955,011$1,193,013$1,023,557$1,945,056
39$2,121,645$1,218,693$1,025,069$2,092,527
40$2,304,244$1,244,599$1,025,599$2,253,688
41$2,504,402$1,270,710$1,025,082$2,429,902
42$2,723,877$1,297,002$1,023,449$2,622,671
43$2,964,606$1,323,448$1,020,628$2,833,651
44$3,228,721$1,350,022$1,016,544$3,064,663
45$3,518,569$1,376,692$1,011,117$3,317,717
46$3,836,739$1,403,425$1,004,265$3,595,025
47$4,186,079$1,430,186$995,900$3,899,023
48$4,569,728$1,456,934$985,932$4,232,399
49$4,991,145$1,483,628$974,265$4,598,110
50$5,454,138$1,510,222$960,800$4,999,416
51$5,962,904$1,536,668$945,431$5,439,910
52$6,522,067$1,562,910$928,049$5,923,550
53$7,136,718$1,588,894$908,540$6,454,695
54$7,812,471$1,614,557$886,783$7,038,151
55$8,555,506$1,639,833$862,653$7,679,212
56$9,372,635$1,664,652$836,019$8,383,713
57$10,271,361$1,688,938$806,744$9,158,082
58$11,259,954$1,712,610$774,683$10,009,403
59$12,347,521$1,735,580$739,687$10,945,482
60$13,544,101$1,757,756$701,599$11,974,919
61$14,860,751$1,779,038$660,255$13,107,193
62$16,309,658$1,799,320$615,483$14,352,750
63$17,904,245$1,818,489$567,104$15,723,098
64$19,659,307$1,836,424$514,931$17,230,920
65$21,591,143$1,852,996$458,768$18,890,194
66$23,717,714$1,868,068$398,411$20,716,321
67$26,058,810$1,881,492$333,647$22,726,273
68$28,636,238$1,893,114$264,253$24,938,755
69$31,474,025$1,902,767$189,997$27,374,376
70$34,598,648$1,910,276$110,634$30,055,851
71$38,039,283$1,915,451$25,913$33,008,209
72$41,828,076$1,918,095$0$36,259,033
73$46,000,454$1,917,996$0$39,843,538
74$50,595,450$1,914,928$0$43,792,780
75$55,656,079$1,908,652$0$48,141,758
76$61,229,738$1,898,915$0$52,931,174
77$67,368,658$1,885,449$0$58,205,881
78$74,130,393$1,867,968$0$64,015,303
79$81,578,364$1,846,169$0$70,413,910
80$89,782,458$1,819,732$0$77,461,721
81$98,819,688$1,788,318$0$85,224,881
82$108,774,916$1,751,565$0$93,776,279
83$119,741,660$1,709,094$0$103,196,236
84$131,822,970$1,660,501$0$113,573,270
85$145,132,405$1,605,358$0$125,004,922
86$159,795,103$1,543,213$0$137,598,684
87$175,948,960$1,473,587$0$151,473,013
88$193,745,936$1,395,974$0$166,758,446
89$213,353,483$1,309,839$0$183,598,837
90$234,956,133$1,214,616$0$202,152,709
91$258,757,232$1,109,705$0$222,594,759
92$284,980,863$994,475$0$245,117,499
93$313,873,962$868,255$0$269,933,081
94$345,708,647$730,340$0$297,275,295
95$380,784,785$579,982$0$327,401,777
96$419,432,825$416,393$0$360,596,445
97$462,016,917$238,741$0$397,172,176
98$508,938,348$46,144$0$437,473,762
99$560,639,329$0$0$481,881,163
100$617,607,173$0$0$530,839,894