Can I retire at age 30 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$77,129$76,442$75,772$75,117$74,478$73,005
2 years$38,183$37,471$36,782$36,114$35,466$33,987
3 years$25,202$24,488$23,801$23,139$22,501$21,064
4 years$18,713$18,001$17,321$16,670$16,048$14,663
5 years$14,821$14,113$13,442$12,804$12,199$10,871
6 years$12,227$11,525$10,863$10,240$9,653$8,382
7 years$10,375$9,678$9,027$8,419$7,850$6,638
8 years$8,986$8,296$7,656$7,062$6,513$5,358
9 years$7,907$7,223$6,594$6,015$5,485$4,386
10 years$7,044$6,367$5,749$5,185$4,673$3,631
11 years$6,338$5,668$5,061$4,513$4,019$3,031
12 years$5,751$5,087$4,492$3,958$3,483$2,548
13 years$5,254$4,597$4,013$3,495$3,037$2,154
14 years$4,828$4,179$3,606$3,102$2,662$1,830
15 years$4,460$3,818$3,255$2,767$2,344$1,560
16 years$4,138$3,503$2,951$2,477$2,072$1,334
17 years$3,854$3,226$2,686$2,226$1,837$1,144
18 years$3,602$2,981$2,452$2,006$1,633$983
19 years$3,377$2,763$2,244$1,812$1,456$846
20 years$3,174$2,567$2,060$1,641$1,300$730
21 years$2,991$2,391$1,895$1,490$1,164$630
22 years$2,825$2,232$1,746$1,355$1,043$545
23 years$2,674$2,088$1,612$1,234$936$472
24 years$2,535$1,956$1,491$1,125$842$408
25 years$2,408$1,836$1,381$1,028$757$354
26 years$2,291$1,725$1,281$940$682$307
27 years$2,182$1,624$1,189$860$615$267
28 years$2,082$1,530$1,106$788$555$231
29 years$1,988$1,443$1,029$723$501$201
30 years$1,901$1,363$958$663$453$175
31 years$1,820$1,288$894$609$409$152
32 years$1,744$1,219$834$560$370$132
33 years$1,673$1,155$778$515$335$115
34 years$1,606$1,094$727$474$303$100
35 years$1,543$1,038$680$436$275$87
36 years$1,483$985$636$401$249$76
37 years$1,427$936$595$370$226$66
38 years$1,374$889$558$341$205$57
39 years$1,324$846$522$314$186$50
40 years$1,277$804$490$290$168$43
41 years$1,232$766$459$268$153$38
42 years$1,189$729$431$247$139$33
43 years$1,148$695$404$228$126$29
44 years$1,110$662$379$210$114$25
45 years$1,073$632$356$194$104$22
46 years$1,038$603$335$180$94$19
47 years$1,004$575$314$166$85$16
48 years$972$549$295$153$78$14
49 years$941$524$278$142$70$13
50 years$912$501$261$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $934,000, adding $4,862 every year, while hoping to spend $47,800 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: 59/22/19 Blend
29$934,000$934,000$934,000$934,000
30$1,034,283$984,781$970,304$1,089,884
31$1,088,921$982,177$951,951$1,125,524
32$1,147,530$977,842$931,380$1,158,715
33$1,210,465$971,643$908,468$1,193,832
34$1,278,114$963,436$883,083$1,231,069
35$1,350,906$953,068$855,091$1,270,643
36$1,429,308$940,378$824,346$1,312,793
37$1,513,837$925,196$790,701$1,357,786
38$1,605,058$907,340$753,999$1,405,918
39$1,703,593$886,619$714,077$1,457,516
40$1,810,126$862,830$670,765$1,512,945
41$1,925,407$835,756$623,884$1,572,608
42$2,050,261$805,172$573,247$1,636,954
43$2,185,598$770,835$518,661$1,706,478
44$2,332,415$732,492$459,922$1,781,732
45$2,491,809$689,872$396,817$1,863,325
46$2,664,989$642,691$329,126$1,951,933
47$2,853,282$590,646$256,615$2,048,306
48$3,058,149$533,421$179,044$2,153,271
49$3,281,198$470,677$96,161$2,267,748
50$3,524,199$402,058$7,700$2,392,752
51$3,789,098$327,190$0$2,529,410
52$4,078,037$245,673$0$2,696,543
53$4,393,376$157,090$0$2,880,760
54$4,737,709$60,997$0$3,082,086
55$5,113,896$0$0$3,302,267
56$5,525,080$0$0$3,553,665
57$5,974,727$0$0$3,844,800
58$6,466,650$0$0$4,163,383
59$7,005,048$0$0$4,512,144
60$7,594,544$0$0$4,894,087
61$8,240,231$0$0$5,312,522
62$8,947,716$0$0$5,771,094
63$9,723,175$0$0$6,273,815
64$10,573,408$0$0$6,825,108
65$11,505,906$0$0$7,429,840
66$12,528,921$0$0$8,093,375
67$13,651,540$0$0$8,821,620
68$14,883,772$0$0$9,621,082
69$16,236,646$0$0$10,498,927
70$17,722,307$0$0$11,463,053
71$19,354,135$0$0$12,522,156
72$21,146,870$0$0$13,685,819
73$23,116,750$0$0$14,964,597
74$25,281,665$0$0$16,370,120
75$27,661,322$0$0$17,915,199
76$30,277,433$0$0$19,613,948
77$33,153,919$0$0$21,481,919
78$36,317,134$0$0$23,536,244
79$39,796,115$0$0$25,795,801
80$43,622,853$0$0$28,281,386
81$47,832,596$0$0$31,015,915
82$52,464,179$0$0$34,024,635
83$57,560,393$0$0$37,335,366
84$63,168,383$0$0$40,978,758
85$69,340,099$0$0$44,988,584
86$76,132,779$0$0$49,402,057
87$83,609,491$0$0$54,260,180
88$91,839,731$0$0$59,608,135
89$100,900,070$0$0$65,495,703
90$110,874,883$0$0$71,977,740
91$121,857,141$0$0$79,114,692
92$133,949,291$0$0$86,973,163
93$147,264,215$0$0$95,626,544
94$161,926,302$0$0$105,155,706
95$178,072,619$0$0$115,649,763
96$195,854,199$0$0$127,206,912
97$215,437,473$0$0$139,935,358
98$237,005,834$0$0$153,954,335
99$260,761,371$0$0$169,395,233
100$286,926,773$0$0$186,402,836