Can I retire at age 30 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$76,881$76,196$75,528$74,876$74,239$73,403
2 years$38,060$37,351$36,664$35,998$35,352$34,510
3 years$25,121$24,409$23,724$23,064$22,429$21,607
4 years$18,653$17,943$17,265$16,617$15,996$15,202
5 years$14,773$14,068$13,398$12,763$12,160$11,395
6 years$12,188$11,487$10,828$10,207$9,622$8,887
7 years$10,341$9,647$8,998$8,392$7,825$7,120
8 years$8,957$8,269$7,631$7,039$6,492$5,817
9 years$7,882$7,200$6,573$5,996$5,467$4,823
10 years$7,021$6,346$5,730$5,169$4,658$4,043
11 years$6,318$5,650$5,045$4,498$4,006$3,421
12 years$5,732$5,071$4,477$3,946$3,472$2,915
13 years$5,237$4,583$4,000$3,483$3,027$2,498
14 years$4,813$4,166$3,594$3,092$2,654$2,152
15 years$4,446$3,805$3,245$2,758$2,337$1,861
16 years$4,125$3,491$2,942$2,469$2,065$1,615
17 years$3,842$3,215$2,677$2,219$1,831$1,405
18 years$3,591$2,971$2,444$1,999$1,628$1,226
19 years$3,366$2,754$2,237$1,807$1,451$1,072
20 years$3,164$2,559$2,053$1,636$1,296$939
21 years$2,982$2,383$1,889$1,485$1,160$824
22 years$2,816$2,225$1,741$1,350$1,040$724
23 years$2,665$2,081$1,607$1,230$933$637
24 years$2,527$1,950$1,486$1,121$839$561
25 years$2,400$1,830$1,377$1,024$755$494
26 years$2,283$1,720$1,277$936$680$436
27 years$2,175$1,618$1,186$857$613$385
28 years$2,075$1,525$1,102$785$553$340
29 years$1,982$1,439$1,026$720$499$300
30 years$1,895$1,359$955$661$451$265
31 years$1,814$1,284$891$607$408$235
32 years$1,738$1,215$831$558$369$208
33 years$1,667$1,151$776$513$334$184
34 years$1,601$1,091$725$472$302$163
35 years$1,538$1,035$678$435$274$144
36 years$1,479$982$634$400$248$128
37 years$1,423$933$593$369$225$113
38 years$1,370$886$556$340$204$100
39 years$1,320$843$521$313$185$89
40 years$1,273$802$488$289$168$79
41 years$1,228$763$458$267$152$70
42 years$1,185$727$429$246$138$62
43 years$1,145$693$403$227$125$55
44 years$1,106$660$378$210$114$49
45 years$1,069$630$355$194$103$43
46 years$1,034$601$333$179$94$38
47 years$1,001$573$313$165$85$34
48 years$969$547$294$153$77$30
49 years$938$522$277$141$70$27
50 years$909$499$260$130$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $931,000, adding $4,744 every year, while hoping to spend $41,774 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: 61/11/28 Blend
29$931,000$931,000$931,000$931,000
30$1,030,855$981,512$967,082$1,085,696
31$1,091,555$985,159$955,032$1,127,232
32$1,157,047$987,585$941,178$1,167,635
33$1,227,774$988,685$925,416$1,210,857
34$1,304,226$988,349$907,636$1,257,180
35$1,386,939$986,461$887,725$1,306,920
36$1,476,504$982,895$865,561$1,360,424
37$1,573,570$977,519$841,019$1,418,077
38$1,678,850$970,193$813,969$1,480,305
39$1,793,129$960,769$784,273$1,547,579
40$1,917,270$949,088$751,788$1,620,419
41$2,052,222$934,985$716,364$1,699,401
42$2,199,031$918,281$677,844$1,785,161
43$2,358,845$898,789$636,065$1,878,403
44$2,532,928$876,311$590,854$1,979,905
45$2,722,672$850,636$542,033$2,090,526
46$2,929,610$821,541$489,416$2,211,216
47$3,155,425$788,792$432,807$2,343,025
48$3,401,974$752,138$372,001$2,487,111
49$3,671,298$711,316$306,786$2,644,757
50$3,965,647$666,047$236,940$2,817,377
51$4,287,496$616,036$162,230$3,006,534
52$4,639,569$560,971$82,414$3,213,954
53$5,024,869$500,523$0$3,441,544
54$5,446,700$434,342$0$3,692,234
55$5,908,700$362,061$0$3,993,853
56$6,414,877$283,292$0$4,324,399
57$6,969,643$197,622$0$4,686,794
58$7,577,860$104,619$0$5,084,252
59$8,244,881$3,824$0$5,520,318
60$8,976,601$0$0$5,998,901
61$9,779,515$0$0$6,537,045
62$10,660,776$0$0$7,128,282
63$11,628,264$0$0$7,777,447
64$12,690,658$0$0$8,490,372
65$13,857,520$0$0$9,273,483
66$15,139,384$0$0$10,133,860
67$16,547,852$0$0$11,079,301
68$18,095,708$0$0$12,118,399
69$19,797,034$0$0$13,260,619
70$21,667,346$0$0$14,516,389
71$23,723,736$0$0$15,897,197
72$25,985,038$0$0$17,415,703
73$28,471,999$0$0$19,085,851
74$31,207,479$0$0$20,923,007
75$34,216,665$0$0$22,944,101
76$37,527,308$0$0$25,167,785
77$41,169,984$0$0$27,614,611
78$45,178,382$0$0$30,307,225
79$49,589,621$0$0$33,270,577
80$54,444,603$0$0$36,532,160
81$59,788,394$0$0$40,122,265
82$65,670,650$0$0$44,074,271
83$72,146,087$0$0$48,424,958
84$79,274,996$0$0$53,214,851
85$87,123,808$0$0$58,488,604
86$95,765,726$0$0$64,295,425
87$105,281,411$0$0$70,689,532
88$115,759,745$0$0$77,730,672
89$127,298,668$0$0$85,484,678
90$140,006,100$0$0$94,024,095
91$154,000,964$0$0$103,428,863
92$169,414,303$0$0$113,787,067
93$186,390,518$0$0$125,195,774
94$205,088,729$0$0$137,761,947
95$225,684,279$0$0$151,603,449
96$248,370,384$0$0$166,850,162
97$273,359,961$0$0$183,645,210
98$300,887,632$0$0$202,146,307
99$331,211,942$0$0$222,527,249
100$364,617,795$0$0$244,979,550