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%16.2%
1 years$78,202$77,506$76,826$76,163$75,515$73,600
2 years$38,714$37,993$37,294$36,617$35,960$34,043
3 years$25,553$24,829$24,132$23,461$22,814$20,955
4 years$18,974$18,252$17,562$16,902$16,271$14,485
5 years$15,027$14,310$13,629$12,982$12,369$10,660
6 years$12,397$11,685$11,014$10,382$9,787$8,157
7 years$10,519$9,813$9,153$8,536$7,960$6,409
8 years$9,111$8,412$7,762$7,160$6,603$5,131
9 years$8,017$7,324$6,686$6,099$5,561$4,165
10 years$7,142$6,456$5,829$5,257$4,738$3,418
11 years$6,427$5,747$5,131$4,576$4,075$2,829
12 years$5,831$5,158$4,554$4,013$3,531$2,356
13 years$5,327$4,661$4,069$3,543$3,079$1,973
14 years$4,896$4,237$3,656$3,145$2,699$1,660
15 years$4,522$3,871$3,301$2,805$2,377$1,401
16 years$4,196$3,551$2,993$2,512$2,101$1,187
17 years$3,908$3,271$2,723$2,257$1,863$1,007
18 years$3,652$3,022$2,486$2,034$1,656$857
19 years$3,424$2,801$2,276$1,838$1,476$730
20 years$3,219$2,603$2,088$1,664$1,318$623
21 years$3,033$2,424$1,921$1,510$1,180$532
22 years$2,865$2,263$1,771$1,373$1,058$455
23 years$2,711$2,117$1,635$1,251$949$390
24 years$2,571$1,983$1,512$1,141$853$334
25 years$2,442$1,861$1,400$1,042$768$286
26 years$2,323$1,749$1,299$953$692$245
27 years$2,213$1,646$1,206$872$624$211
28 years$2,111$1,551$1,121$799$563$181
29 years$2,016$1,463$1,043$733$508$155
30 years$1,928$1,382$972$672$459$133
31 years$1,845$1,306$906$617$415$115
32 years$1,768$1,236$845$567$375$98
33 years$1,696$1,171$789$522$340$85
34 years$1,628$1,109$737$480$308$73
35 years$1,564$1,052$689$442$279$63
36 years$1,504$999$645$407$252$54
37 years$1,447$949$604$375$229$46
38 years$1,394$902$565$346$207$40
39 years$1,343$857$530$319$188$34
40 years$1,295$816$496$294$171$29
41 years$1,249$776$465$271$155$25
42 years$1,206$739$437$250$140$22
43 years$1,164$705$410$231$127$19
44 years$1,125$672$385$213$116$16
45 years$1,088$640$361$197$105$14
46 years$1,052$611$339$182$95$12
47 years$1,018$583$319$168$87$10
48 years$985$557$299$155$79$9
49 years$954$531$281$144$71$8
50 years$925$508$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $947,000, adding $2,301 every year, while hoping to spend $32,052 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: 39/44/17 Blend
29$947,000$947,000$947,000$947,000
30$1,045,967$995,776$981,098$1,081,361
31$1,118,553$1,010,466$979,862$1,121,566
32$1,197,468$1,024,802$977,510$1,161,757
33$1,283,325$1,038,732$973,971$1,204,538
34$1,376,795$1,052,201$969,171$1,250,161
35$1,478,621$1,065,152$963,030$1,298,901
36$1,589,617$1,077,521$955,468$1,351,067
37$1,710,680$1,089,241$946,399$1,406,997
38$1,842,797$1,100,242$935,731$1,467,069
39$1,987,056$1,110,447$923,371$1,531,696
40$2,144,652$1,119,776$909,221$1,601,340
41$2,316,903$1,128,141$893,176$1,676,507
42$2,505,259$1,135,452$875,129$1,757,761
43$2,711,316$1,141,610$854,967$1,845,721
44$2,936,832$1,146,511$832,570$1,941,075
45$3,183,743$1,150,044$807,815$2,044,582
46$3,454,181$1,152,092$780,573$2,157,080
47$3,750,493$1,152,530$750,708$2,279,499
48$4,075,264$1,151,225$718,077$2,412,862
49$4,431,342$1,148,036$682,534$2,558,302
50$4,821,862$1,142,813$643,922$2,717,072
51$5,250,279$1,135,398$602,081$2,890,553
52$5,720,397$1,125,622$556,840$3,080,273
53$6,236,406$1,113,306$508,023$3,287,920
54$6,802,924$1,098,262$455,446$3,515,359
55$7,425,033$1,080,288$398,915$3,764,648
56$8,108,337$1,059,173$338,228$4,038,062
57$8,859,005$1,034,690$273,176$4,338,110
58$9,683,835$1,006,601$203,539$4,667,568
59$10,590,315$974,654$129,088$5,029,495
60$11,586,697$938,582$49,582$5,427,273
61$12,682,069$898,101$0$5,864,634
62$13,886,445$852,913$0$6,352,095
63$15,210,858$802,701$0$6,897,820
64$16,667,463$747,131$0$7,497,876
65$18,269,653$685,849$0$8,157,855
66$20,032,181$618,479$0$8,883,924
67$21,971,307$544,629$0$9,682,890
68$24,104,944$463,878$0$10,562,256
69$26,452,826$375,786$0$11,530,302
70$29,036,702$279,887$0$12,596,157
71$31,880,532$175,689$0$13,769,894
72$35,010,719$62,670$0$15,062,617
73$38,456,353$0$0$16,486,576
74$42,249,491$0$0$18,084,193
75$46,425,451$0$0$19,876,613
76$51,023,155$0$0$21,850,217
77$56,085,488$0$0$24,023,433
78$61,659,704$0$0$26,416,569
79$67,797,876$0$0$29,052,000
80$74,557,381$0$0$31,954,386
81$82,001,445$0$0$35,150,896
82$90,199,739$0$0$38,671,471
83$99,229,034$0$0$42,549,102
84$109,173,929$0$0$46,820,146
85$120,127,645$0$0$51,524,665
86$132,192,905$0$0$56,706,803
87$145,482,908$0$0$62,415,207
88$160,122,390$0$0$68,703,485
89$176,248,806$0$0$75,630,708
90$194,013,626$0$0$83,261,971
91$213,583,762$0$0$91,669,006
92$235,143,145$0$0$100,930,860
93$258,894,461$0$0$111,134,638
94$285,061,063$0$0$122,376,330
95$313,889,079$0$0$134,761,712
96$345,649,733$0$0$148,407,348
97$380,641,910$0$0$163,441,687
98$419,194,969$0$0$180,006,277
99$461,671,859$0$0$198,257,101
100$508,472,540$0$0$218,366,051