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%11.8%
1 years$78,285$77,588$76,907$76,243$75,595$75,024
2 years$38,755$38,033$37,334$36,655$35,998$35,422
3 years$25,580$24,855$24,157$23,485$22,838$22,276
4 years$18,994$18,271$17,580$16,920$16,288$15,744
5 years$15,043$14,325$13,643$12,996$12,382$11,857
6 years$12,410$11,697$11,026$10,393$9,798$9,292
7 years$10,530$9,823$9,162$8,545$7,968$7,482
8 years$9,121$8,420$7,770$7,168$6,610$6,144
9 years$8,025$7,331$6,693$6,106$5,567$5,121
10 years$7,149$6,462$5,835$5,263$4,743$4,317
11 years$6,433$5,753$5,137$4,580$4,079$3,672
12 years$5,837$5,164$4,559$4,018$3,535$3,147
13 years$5,333$4,666$4,073$3,547$3,083$2,713
14 years$4,901$4,242$3,660$3,149$2,702$2,351
15 years$4,527$3,875$3,304$2,808$2,379$2,045
16 years$4,200$3,555$2,996$2,514$2,103$1,786
17 years$3,912$3,274$2,726$2,259$1,864$1,564
18 years$3,656$3,025$2,488$2,036$1,658$1,373
19 years$3,427$2,804$2,278$1,840$1,478$1,209
20 years$3,222$2,606$2,091$1,666$1,320$1,066
21 years$3,036$2,427$1,923$1,512$1,181$941
22 years$2,868$2,265$1,772$1,375$1,059$833
23 years$2,714$2,119$1,636$1,252$950$737
24 years$2,573$1,985$1,513$1,142$854$654
25 years$2,444$1,863$1,402$1,043$769$580
26 years$2,325$1,751$1,300$954$692$515
27 years$2,215$1,648$1,207$873$624$458
28 years$2,113$1,553$1,122$800$563$408
29 years$2,018$1,465$1,044$733$509$363
30 years$1,930$1,383$973$673$460$323
31 years$1,847$1,308$907$618$415$288
32 years$1,770$1,237$846$568$376$257
33 years$1,698$1,172$790$522$340$229
34 years$1,630$1,111$738$481$308$204
35 years$1,566$1,053$690$442$279$182
36 years$1,506$1,000$646$407$253$163
37 years$1,449$950$604$375$229$145
38 years$1,395$902$566$346$208$130
39 years$1,344$858$530$319$188$116
40 years$1,296$816$497$294$171$103
41 years$1,250$777$466$272$155$92
42 years$1,207$740$437$251$141$83
43 years$1,166$705$410$231$128$74
44 years$1,126$672$385$214$116$66
45 years$1,089$641$362$197$105$59
46 years$1,053$612$340$182$95$53
47 years$1,019$584$319$168$87$47
48 years$987$557$300$156$79$42
49 years$955$532$282$144$72$38
50 years$926$508$265$133$65$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $948,000, adding $6,690 every year, while hoping to spend $53,382 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: 62/11/27 Blend
29$948,000$948,000$948,000$948,000
30$1,051,597$1,001,353$986,659$1,108,825
31$1,102,062$993,621$962,914$1,140,735
32$1,155,885$983,721$936,584$1,169,158
33$1,213,352$971,491$907,527$1,199,046
34$1,274,778$956,758$875,593$1,230,551
35$1,340,505$939,339$840,625$1,263,844
36$1,410,912$919,041$802,461$1,299,114
37$1,486,410$895,660$760,929$1,336,572
38$1,567,454$868,977$715,850$1,376,455
39$1,654,542$838,765$667,039$1,419,022
40$1,748,220$804,778$614,299$1,464,566
41$1,849,087$766,762$557,427$1,513,410
42$1,957,804$724,443$496,211$1,565,914
43$2,075,093$677,533$430,427$1,622,476
44$2,201,749$625,730$359,843$1,683,541
45$2,338,647$568,710$284,218$1,749,601
46$2,486,747$506,135$203,296$1,821,202
47$2,647,104$437,644$116,816$1,898,950
48$2,820,878$362,859$24,499$1,983,518
49$3,009,347$281,377$0$2,075,651
50$3,213,912$192,777$0$2,197,500
51$3,436,118$96,610$0$2,337,574
52$3,677,662$0$0$2,489,912
53$3,940,412$0$0$2,656,653
54$4,226,423$0$0$2,850,945
55$4,537,956$0$0$3,062,640
56$4,877,499$0$0$3,293,437
57$5,247,790$0$0$3,545,204
58$5,651,844$0$0$3,820,000
59$6,092,978$0$0$4,120,091
60$6,574,843$0$0$4,447,971
61$7,101,462$0$0$4,806,384
62$7,677,258$0$0$5,198,355
63$8,307,107$0$0$5,627,210
64$8,996,373$0$0$6,096,616
65$9,750,966$0$0$6,610,606
66$10,577,392$0$0$7,173,626
67$11,482,815$0$0$7,790,570
68$12,475,127$0$0$8,466,827
69$13,563,019$0$0$9,208,332
70$14,756,062$0$0$10,021,625
71$16,064,797$0$0$10,913,906
72$17,500,838$0$0$11,893,107
73$19,076,974$0$0$12,967,965
74$20,807,295$0$0$14,148,104
75$22,707,318$0$0$15,444,126
76$24,794,141$0$0$16,867,708
77$27,086,596$0$0$18,431,717
78$29,605,430$0$0$20,150,325
79$32,373,500$0$0$22,039,146
80$35,415,984$0$0$24,115,382
81$38,760,624$0$0$26,397,984
82$42,437,982$0$0$28,907,830
83$46,481,729$0$0$31,667,923
84$50,928,964$0$0$34,703,609
85$55,820,558$0$0$38,042,809
86$61,201,545$0$0$41,716,290
87$67,121,543$0$0$45,757,949
88$73,635,220$0$0$50,205,135
89$80,802,811$0$0$55,099,000
90$88,690,686$0$0$60,484,888
91$97,371,973$0$0$66,412,757
92$106,927,248$0$0$72,937,660
93$117,445,296$0$0$80,120,253
94$129,023,947$0$0$88,027,373
95$141,770,995$0$0$96,732,668
96$155,805,221$0$0$106,317,287
97$171,257,505$0$0$116,870,652
98$188,272,067$0$0$128,491,292
99$207,007,823$0$0$141,287,783
100$227,639,885$0$0$155,379,763