Can I retire at age 30 with 947,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$78,202$77,506$76,826$76,163$75,515$73,362
2 years$38,714$37,993$37,294$36,617$35,960$33,808
3 years$25,553$24,829$24,132$23,461$22,814$20,730
4 years$18,974$18,252$17,562$16,902$16,271$14,271
5 years$15,027$14,310$13,629$12,982$12,369$10,459
6 years$12,397$11,685$11,014$10,382$9,787$7,968
7 years$10,519$9,813$9,153$8,536$7,960$6,232
8 years$9,111$8,412$7,762$7,160$6,603$4,966
9 years$8,017$7,324$6,686$6,099$5,561$4,012
10 years$7,142$6,456$5,829$5,257$4,738$3,276
11 years$6,427$5,747$5,131$4,576$4,075$2,697
12 years$5,831$5,158$4,554$4,013$3,531$2,235
13 years$5,327$4,661$4,069$3,543$3,079$1,862
14 years$4,896$4,237$3,656$3,145$2,699$1,558
15 years$4,522$3,871$3,301$2,805$2,377$1,307
16 years$4,196$3,551$2,993$2,512$2,101$1,101
17 years$3,908$3,271$2,723$2,257$1,863$929
18 years$3,652$3,022$2,486$2,034$1,656$785
19 years$3,424$2,801$2,276$1,838$1,476$665
20 years$3,219$2,603$2,088$1,664$1,318$564
21 years$3,033$2,424$1,921$1,510$1,180$479
22 years$2,865$2,263$1,771$1,373$1,058$407
23 years$2,711$2,117$1,635$1,251$949$346
24 years$2,571$1,983$1,512$1,141$853$295
25 years$2,442$1,861$1,400$1,042$768$251
26 years$2,323$1,749$1,299$953$692$214
27 years$2,213$1,646$1,206$872$624$182
28 years$2,111$1,551$1,121$799$563$156
29 years$2,016$1,463$1,043$733$508$133
30 years$1,928$1,382$972$672$459$113
31 years$1,845$1,306$906$617$415$97
32 years$1,768$1,236$845$567$375$83
33 years$1,696$1,171$789$522$340$71
34 years$1,628$1,109$737$480$308$60
35 years$1,564$1,052$689$442$279$51
36 years$1,504$999$645$407$252$44
37 years$1,447$949$604$375$229$38
38 years$1,394$902$565$346$207$32
39 years$1,343$857$530$319$188$27
40 years$1,295$816$496$294$171$23
41 years$1,249$776$465$271$155$20
42 years$1,206$739$437$250$140$17
43 years$1,164$705$410$231$127$15
44 years$1,125$672$385$213$116$12
45 years$1,088$640$361$197$105$11
46 years$1,052$611$339$182$95$9
47 years$1,018$583$319$168$87$8
48 years$985$557$299$155$79$7
49 years$954$531$281$144$71$6
50 years$925$508$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $947,000, adding $2,096 every year, while hoping to spend $28,723 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: 44/50/6 Blend
29$947,000$947,000$947,000$947,000
30$1,045,756$995,565$980,887$1,089,910
31$1,121,862$1,013,787$983,185$1,138,849
32$1,204,768$1,031,938$984,598$1,188,725
33$1,295,138$1,049,987$985,065$1,242,110
34$1,393,701$1,067,895$984,524$1,299,334
35$1,501,261$1,085,624$982,908$1,360,761
36$1,618,702$1,103,133$980,148$1,426,796
37$1,746,998$1,120,375$976,172$1,497,881
38$1,887,221$1,137,302$970,902$1,574,507
39$2,040,551$1,153,863$964,260$1,657,213
40$2,208,286$1,170,001$956,162$1,746,595
41$2,391,857$1,185,657$946,520$1,843,310
42$2,592,840$1,200,768$935,242$1,948,083
43$2,812,970$1,215,266$922,233$2,061,713
44$3,054,156$1,229,077$907,390$2,185,082
45$3,318,502$1,242,124$890,610$2,319,164
46$3,608,325$1,254,324$871,782$2,465,031
47$3,926,178$1,265,589$850,790$2,623,867
48$4,274,870$1,275,825$827,513$2,796,979
49$4,657,497$1,284,931$801,826$2,985,808
50$5,077,471$1,292,801$773,595$3,191,942
51$5,538,546$1,299,322$742,684$3,417,135
52$6,044,861$1,304,372$708,947$3,663,322
53$6,600,973$1,307,823$672,234$3,932,635
54$7,211,905$1,309,538$632,386$4,227,428
55$7,883,187$1,309,373$589,238$4,550,297
56$8,620,913$1,307,174$542,619$4,904,106
57$9,431,797$1,302,776$492,347$5,292,013
58$10,323,235$1,296,007$438,236$5,717,501
59$11,303,375$1,286,682$380,087$6,184,414
60$12,381,196$1,274,605$317,697$6,696,988
61$13,566,588$1,259,571$250,849$7,259,899
62$14,870,449$1,241,359$179,322$7,878,302
63$16,304,786$1,219,737$102,881$8,557,883
64$17,882,829$1,194,458$21,281$9,304,911
65$19,619,153$1,165,262$0$10,126,301
66$21,529,818$1,131,872$0$11,033,894
67$23,632,521$1,093,995$0$12,033,613
68$25,946,760$1,051,322$0$13,133,386
69$28,494,018$1,003,526$0$14,343,460
70$31,297,968$950,259$0$15,675,130
71$34,384,694$891,155$0$17,140,852
72$37,782,938$825,826$0$18,754,359
73$41,524,369$753,864$0$20,530,792
74$45,643,885$674,833$0$22,486,845
75$50,179,938$588,277$0$24,640,922
76$55,174,901$493,711$0$27,013,315
77$60,675,463$390,625$0$29,626,395
78$66,733,073$278,479$0$32,504,826
79$73,404,423$156,702$0$35,675,797
80$80,751,986$24,692$0$39,169,284
81$88,844,600$0$0$43,018,332
82$97,758,122$0$0$47,324,397
83$107,576,141$0$0$52,082,546
84$118,390,769$0$0$57,323,856
85$130,303,507$0$0$63,097,538
86$143,426,207$0$0$69,457,826
87$157,882,122$0$0$76,464,480
88$173,807,073$0$0$84,183,354
89$191,350,729$0$0$92,687,017
90$210,678,022$0$0$102,055,439
91$231,970,699$0$0$112,376,741
92$255,429,039$0$0$123,748,033
93$281,273,746$0$0$136,276,326
94$309,748,028$0$0$150,079,543
95$341,119,894$0$0$165,287,634
96$375,684,683$0$0$182,043,800
97$413,767,854$0$0$200,505,845
98$455,728,053$0$0$220,847,666
99$501,960,503$0$0$243,260,895
100$552,900,730$0$0$267,956,707