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%11.9%
1 years$78,202$77,506$76,826$76,163$75,515$74,914
2 years$38,714$37,993$37,294$36,617$35,960$35,353
3 years$25,553$24,829$24,132$23,461$22,814$22,222
4 years$18,974$18,252$17,562$16,902$16,271$15,698
5 years$15,027$14,310$13,629$12,982$12,369$11,816
6 years$12,397$11,685$11,014$10,382$9,787$9,255
7 years$10,519$9,813$9,153$8,536$7,960$7,448
8 years$9,111$8,412$7,762$7,160$6,603$6,113
9 years$8,017$7,324$6,686$6,099$5,561$5,092
10 years$7,142$6,456$5,829$5,257$4,738$4,290
11 years$6,427$5,747$5,131$4,576$4,075$3,647
12 years$5,831$5,158$4,554$4,013$3,531$3,123
13 years$5,327$4,661$4,069$3,543$3,079$2,691
14 years$4,896$4,237$3,656$3,145$2,699$2,330
15 years$4,522$3,871$3,301$2,805$2,377$2,026
16 years$4,196$3,551$2,993$2,512$2,101$1,768
17 years$3,908$3,271$2,723$2,257$1,863$1,547
18 years$3,652$3,022$2,486$2,034$1,656$1,357
19 years$3,424$2,801$2,276$1,838$1,476$1,194
20 years$3,219$2,603$2,088$1,664$1,318$1,052
21 years$3,033$2,424$1,921$1,510$1,180$928
22 years$2,865$2,263$1,771$1,373$1,058$821
23 years$2,711$2,117$1,635$1,251$949$726
24 years$2,571$1,983$1,512$1,141$853$643
25 years$2,442$1,861$1,400$1,042$768$571
26 years$2,323$1,749$1,299$953$692$506
27 years$2,213$1,646$1,206$872$624$450
28 years$2,111$1,551$1,121$799$563$400
29 years$2,016$1,463$1,043$733$508$356
30 years$1,928$1,382$972$672$459$316
31 years$1,845$1,306$906$617$415$282
32 years$1,768$1,236$845$567$375$251
33 years$1,696$1,171$789$522$340$224
34 years$1,628$1,109$737$480$308$199
35 years$1,564$1,052$689$442$279$178
36 years$1,504$999$645$407$252$158
37 years$1,447$949$604$375$229$141
38 years$1,394$902$565$346$207$126
39 years$1,343$857$530$319$188$113
40 years$1,295$816$496$294$171$100
41 years$1,249$776$465$271$155$90
42 years$1,206$739$437$250$140$80
43 years$1,164$705$410$231$127$71
44 years$1,125$672$385$213$116$64
45 years$1,088$640$361$197$105$57
46 years$1,052$611$339$182$95$51
47 years$1,018$583$319$168$87$45
48 years$985$557$299$155$79$41
49 years$954$531$281$144$71$36
50 years$925$508$265$133$65$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $947,000, adding $6,957 every year, while hoping to spend $36,595 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: 46/31/23 Blend
29$947,000$947,000$947,000$947,000
30$1,050,770$1,000,579$985,901$1,091,887
31$1,119,012$1,010,671$979,992$1,131,577
32$1,192,988$1,020,030$972,658$1,170,463
33$1,273,244$1,028,583$963,814$1,211,914
34$1,360,382$1,036,250$953,368$1,256,187
35$1,455,061$1,042,947$941,226$1,303,567
36$1,558,009$1,048,584$927,289$1,354,370
37$1,670,026$1,053,064$911,453$1,408,947
38$1,791,991$1,056,286$893,609$1,467,682
39$1,924,872$1,058,143$873,643$1,531,007
40$2,069,736$1,058,518$851,437$1,599,394
41$2,227,754$1,057,291$826,865$1,673,370
42$2,400,217$1,054,331$799,798$1,753,516
43$2,588,547$1,049,500$770,099$1,840,474
44$2,794,307$1,042,654$737,625$1,934,956
45$3,019,219$1,033,636$702,228$2,037,750
46$3,265,178$1,022,284$663,751$2,149,726
47$3,534,272$1,008,421$622,033$2,271,847
48$3,828,799$991,865$576,902$2,405,178
49$4,151,290$972,420$528,182$2,550,895
50$4,504,531$949,879$475,686$2,710,301
51$4,891,593$924,022$419,221$2,884,834
52$5,315,853$894,617$358,583$3,076,084
53$5,781,036$861,419$293,561$3,285,807
54$6,291,241$824,168$223,935$3,515,945
55$6,850,984$782,589$149,473$3,768,644
56$7,465,239$736,390$69,934$4,046,272
57$8,139,485$685,264$0$4,351,448
58$8,879,756$628,886$0$4,690,731
59$9,692,702$566,912$0$5,082,200
60$10,585,645$498,978$0$5,512,269
61$11,566,653$424,701$0$5,984,901
62$12,644,615$343,674$0$6,504,470
63$13,829,321$255,469$0$7,075,799
64$15,131,557$159,633$0$7,704,209
65$16,563,209$55,688$0$8,395,567
66$18,137,369$0$0$9,156,345
67$19,868,461$0$0$10,013,083
68$21,772,378$0$0$10,976,370
69$23,866,632$0$0$12,036,084
70$26,170,513$0$0$13,202,002
71$28,705,279$0$0$14,484,899
72$31,494,351$0$0$15,896,644
73$34,563,534$0$0$17,450,317
74$37,941,261$0$0$19,160,330
75$41,658,862$0$0$21,042,561
76$45,750,857$0$0$23,114,508
77$50,255,284$0$0$25,395,451
78$55,214,055$0$0$27,906,632
79$60,673,351$0$0$30,671,460
80$66,684,060$0$0$33,715,729
81$73,302,256$0$0$37,067,861
82$80,589,725$0$0$40,759,173
83$88,614,551$0$0$44,824,177
84$97,451,756$0$0$49,300,899
85$107,184,010$0$0$54,231,244
86$117,902,407$0$0$59,661,386
87$129,707,328$0$0$65,642,206
88$142,709,385$0$0$72,229,775
89$157,030,467$0$0$79,485,875
90$172,804,889$0$0$87,478,591
91$190,180,657$0$0$96,282,945
92$209,320,867$0$0$105,981,613
93$230,405,246$0$0$116,665,695
94$253,631,841$0$0$128,435,584
95$279,218,895$0$0$141,401,906
96$307,406,901$0$0$155,686,568
97$338,460,875$0$0$171,423,909
98$372,672,857$0$0$188,761,963
99$410,364,664$0$0$207,863,863
100$451,890,928$0$0$228,909,374