Can I retire at age 30 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$78,285$77,588$76,907$76,243$75,595$72,682
2 years$38,755$38,033$37,334$36,655$35,998$33,097
3 years$25,580$24,855$24,157$23,485$22,838$20,042
4 years$18,994$18,271$17,580$16,920$16,288$13,618
5 years$15,043$14,325$13,643$12,996$12,382$9,844
6 years$12,410$11,697$11,026$10,393$9,798$7,394
7 years$10,530$9,823$9,162$8,545$7,968$5,697
8 years$9,121$8,420$7,770$7,168$6,610$4,471
9 years$8,025$7,331$6,693$6,106$5,567$3,555
10 years$7,149$6,462$5,835$5,263$4,743$2,856
11 years$6,433$5,753$5,137$4,580$4,079$2,312
12 years$5,837$5,164$4,559$4,018$3,535$1,883
13 years$5,333$4,666$4,073$3,547$3,083$1,541
14 years$4,901$4,242$3,660$3,149$2,702$1,266
15 years$4,527$3,875$3,304$2,808$2,379$1,043
16 years$4,200$3,555$2,996$2,514$2,103$862
17 years$3,912$3,274$2,726$2,259$1,864$714
18 years$3,656$3,025$2,488$2,036$1,658$592
19 years$3,427$2,804$2,278$1,840$1,478$491
20 years$3,222$2,606$2,091$1,666$1,320$409
21 years$3,036$2,427$1,923$1,512$1,181$340
22 years$2,868$2,265$1,772$1,375$1,059$283
23 years$2,714$2,119$1,636$1,252$950$236
24 years$2,573$1,985$1,513$1,142$854$197
25 years$2,444$1,863$1,402$1,043$769$164
26 years$2,325$1,751$1,300$954$692$137
27 years$2,215$1,648$1,207$873$624$114
28 years$2,113$1,553$1,122$800$563$96
29 years$2,018$1,465$1,044$733$509$80
30 years$1,930$1,383$973$673$460$67
31 years$1,847$1,308$907$618$415$56
32 years$1,770$1,237$846$568$376$47
33 years$1,698$1,172$790$522$340$39
34 years$1,630$1,111$738$481$308$32
35 years$1,566$1,053$690$442$279$27
36 years$1,506$1,000$646$407$253$23
37 years$1,449$950$604$375$229$19
38 years$1,395$902$566$346$208$16
39 years$1,344$858$530$319$188$13
40 years$1,296$816$497$294$171$11
41 years$1,250$777$466$272$155$9
42 years$1,207$740$437$251$141$8
43 years$1,166$705$410$231$128$6
44 years$1,126$672$385$214$116$5
45 years$1,089$641$362$197$105$5
46 years$1,053$612$340$182$95$4
47 years$1,019$584$319$168$87$3
48 years$987$557$300$156$79$3
49 years$955$532$282$144$72$2
50 years$926$508$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $948,000, adding $3,374 every year, while hoping to spend $49,529 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: 48/25/27 Blend
29$948,000$948,000$948,000$948,000
30$1,048,176$997,932$983,238$1,090,274
31$1,102,392$994,132$963,478$1,116,389
32$1,160,477$988,487$941,396$1,139,588
33$1,222,775$980,852$916,862$1,163,813
34$1,289,661$971,076$889,740$1,189,185
35$1,361,548$959,000$859,888$1,215,841
36$1,438,888$944,453$827,156$1,243,934
37$1,522,178$927,255$791,389$1,273,636
38$1,611,964$907,214$752,424$1,305,141
39$1,708,845$884,129$710,092$1,338,666
40$1,813,482$857,785$664,214$1,374,453
41$1,926,596$827,956$614,605$1,412,775
42$2,048,985$794,402$561,070$1,453,934
43$2,181,522$756,869$503,407$1,498,272
44$2,325,170$715,088$441,403$1,546,166
45$2,480,986$668,775$374,839$1,598,041
46$2,650,132$617,631$303,481$1,654,368
47$2,833,887$561,337$227,090$1,715,673
48$3,033,660$499,558$145,413$1,782,543
49$3,250,996$431,940$58,188$1,855,630
50$3,487,600$358,107$0$1,935,661
51$3,745,345$277,664$0$2,033,496
52$4,026,293$190,193$0$2,158,522
53$4,332,714$95,252$0$2,295,044
54$4,667,106$0$0$2,444,258
55$5,032,218$0$0$2,609,588
56$5,431,078$0$0$2,818,923
57$5,867,016$0$0$3,047,819
58$6,343,702$0$0$3,298,216
59$6,865,175$0$0$3,572,248
60$7,435,882$0$0$3,872,265
61$8,060,721$0$0$4,200,858
62$8,745,085$0$0$4,560,876
63$9,494,911$0$0$4,955,460
64$10,316,742$0$0$5,388,066
65$11,217,780$0$0$5,862,503
66$12,205,959$0$0$6,382,965
67$13,290,017$0$0$6,954,074
68$14,479,579$0$0$7,580,916
69$15,785,247$0$0$8,269,099
70$17,218,698$0$0$9,024,796
71$18,792,798$0$0$9,854,811
72$20,521,715$0$0$10,766,636
73$22,421,063$0$0$11,768,526
74$24,508,036$0$0$12,869,575
75$26,801,582$0$0$14,079,802
76$29,322,572$0$0$15,410,244
77$32,094,001$0$0$16,873,062
78$35,141,201$0$0$18,481,652
79$38,492,085$0$0$20,250,777
80$42,177,404$0$0$22,196,698
81$46,231,037$0$0$24,337,334
82$50,690,315$0$0$26,692,427
83$55,596,365$0$0$29,283,729
84$60,994,506$0$0$32,135,206
85$66,934,667$0$0$35,273,268
86$73,471,864$0$0$38,727,010
87$80,666,716$0$0$42,528,494
88$88,586,016$0$0$46,713,046
89$97,303,360$0$0$51,319,592
90$106,899,842$0$0$56,391,023
91$117,464,819$0$0$61,974,599
92$129,096,752$0$0$68,122,399
93$141,904,133$0$0$74,891,806
94$156,006,512$0$0$82,346,051
95$171,535,620$0$0$90,554,811
96$188,636,615$0$0$99,594,862
97$207,469,449$0$0$109,550,808
98$228,210,377$0$0$120,515,874
99$251,053,619$0$0$132,592,789
100$276,213,194$0$0$145,894,755