Can I retire at age 30 with 948,000?

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 $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%18.7%
1 years$78,285$77,588$76,907$76,243$75,595$72,942
2 years$38,755$38,033$37,334$36,655$35,998$33,352
3 years$25,580$24,855$24,157$23,485$22,838$20,284
4 years$18,994$18,271$17,580$16,920$16,288$13,845
5 years$15,043$14,325$13,643$12,996$12,382$10,056
6 years$12,410$11,697$11,026$10,393$9,798$7,590
7 years$10,530$9,823$9,162$8,545$7,968$5,879
8 years$9,121$8,420$7,770$7,168$6,610$4,638
9 years$8,025$7,331$6,693$6,106$5,567$3,709
10 years$7,149$6,462$5,835$5,263$4,743$2,996
11 years$6,433$5,753$5,137$4,580$4,079$2,440
12 years$5,837$5,164$4,559$4,018$3,535$1,999
13 years$5,333$4,666$4,073$3,547$3,083$1,646
14 years$4,901$4,242$3,660$3,149$2,702$1,361
15 years$4,527$3,875$3,304$2,808$2,379$1,129
16 years$4,200$3,555$2,996$2,514$2,103$939
17 years$3,912$3,274$2,726$2,259$1,864$782
18 years$3,656$3,025$2,488$2,036$1,658$653
19 years$3,427$2,804$2,278$1,840$1,478$546
20 years$3,222$2,606$2,091$1,666$1,320$457
21 years$3,036$2,427$1,923$1,512$1,181$383
22 years$2,868$2,265$1,772$1,375$1,059$321
23 years$2,714$2,119$1,636$1,252$950$270
24 years$2,573$1,985$1,513$1,142$854$227
25 years$2,444$1,863$1,402$1,043$769$190
26 years$2,325$1,751$1,300$954$692$160
27 years$2,215$1,648$1,207$873$624$135
28 years$2,113$1,553$1,122$800$563$113
29 years$2,018$1,465$1,044$733$509$95
30 years$1,930$1,383$973$673$460$80
31 years$1,847$1,308$907$618$415$67
32 years$1,770$1,237$846$568$376$57
33 years$1,698$1,172$790$522$340$48
34 years$1,630$1,111$738$481$308$40
35 years$1,566$1,053$690$442$279$34
36 years$1,506$1,000$646$407$253$29
37 years$1,449$950$604$375$229$24
38 years$1,395$902$566$346$208$20
39 years$1,344$858$530$319$188$17
40 years$1,296$816$497$294$171$14
41 years$1,250$777$466$272$155$12
42 years$1,207$740$437$251$141$10
43 years$1,166$705$410$231$128$9
44 years$1,126$672$385$214$116$7
45 years$1,089$641$362$197$105$6
46 years$1,053$612$340$182$95$5
47 years$1,019$584$319$168$87$4
48 years$987$557$300$156$79$4
49 years$955$532$282$144$72$3
50 years$926$508$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $948,000, adding $6,798 every year, while hoping to spend $54,526 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: 49/26/25 Blend
29$948,000$948,000$948,000$948,000
30$1,051,708$1,001,464$986,770$1,095,499
31$1,100,967$992,521$961,812$1,117,833
32$1,153,423$981,311$934,190$1,136,094
33$1,209,344$967,668$903,757$1,154,840
34$1,269,025$951,411$870,361$1,174,143
35$1,332,788$932,353$833,840$1,194,082
36$1,400,986$910,291$794,027$1,214,750
37$1,474,006$885,015$750,746$1,236,255
38$1,552,272$856,299$703,814$1,258,715
39$1,636,251$823,905$653,039$1,282,270
40$1,726,454$787,581$598,222$1,307,074
41$1,823,442$747,062$539,151$1,333,304
42$1,927,831$702,066$475,611$1,361,159
43$2,040,296$652,294$407,370$1,390,865
44$2,161,582$597,432$334,193$1,422,675
45$2,292,504$537,147$255,829$1,456,875
46$2,433,959$471,086$172,019$1,493,786
47$2,586,932$398,879$82,491$1,533,770
48$2,752,507$320,132$0$1,577,231
49$2,931,874$234,430$0$1,628,104
50$3,126,343$141,335$0$1,707,124
51$3,337,354$40,384$0$1,792,916
52$3,566,490$0$0$1,886,198
53$3,815,492$0$0$2,007,488
54$4,086,277$0$0$2,152,043
55$4,380,952$0$0$2,309,447
56$4,701,837$0$0$2,480,949
57$5,051,485$0$0$2,667,926
58$5,432,704$0$0$2,871,894
59$5,848,585$0$0$3,094,519
60$6,302,530$0$0$3,337,637
61$6,798,286$0$0$3,603,269
62$7,339,975$0$0$3,893,638
63$7,932,137$0$0$4,211,195
64$8,579,770$0$0$4,558,636
65$9,288,375$0$0$4,938,929
66$10,064,012$0$0$5,355,344
67$10,913,353$0$0$5,811,482
68$11,843,746$0$0$6,311,308
69$12,863,281$0$0$6,859,188
70$13,980,870$0$0$7,459,932
71$15,206,328$0$0$8,118,837
72$16,550,464$0$0$8,841,737
73$18,025,184$0$0$9,635,058
74$19,643,602$0$0$10,505,879
75$21,420,165$0$0$11,461,997
76$23,370,784$0$0$12,512,002
77$25,512,987$0$0$13,665,354
78$27,866,084$0$0$14,932,478
79$30,451,347$0$0$16,324,857
80$33,292,208$0$0$17,855,140
81$36,414,484$0$0$19,537,264
82$39,846,616$0$0$21,386,583
83$43,619,937$0$0$23,420,013
84$47,768,971$0$0$25,656,190
85$52,331,749$0$0$28,115,649
86$57,350,176$0$0$30,821,013
87$62,870,422$0$0$33,797,206
88$68,943,354$0$0$37,071,694
89$75,625,020$0$0$40,674,735
90$82,977,173$0$0$44,639,671
91$91,067,856$0$0$49,003,238
92$99,972,039$0$0$53,805,914
93$109,772,329$0$0$59,092,300
94$120,559,748$0$0$64,911,540
95$132,434,590$0$0$71,317,785
96$145,507,364$0$0$78,370,703
97$159,899,840$0$0$86,136,041
98$175,746,198$0$0$94,686,247
99$193,194,286$0$0$104,101,150
100$212,407,021$0$0$114,468,716