Can I retire at age 30 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$77,459$76,769$76,096$75,439$74,797$73,741
2 years$38,346$37,632$36,940$36,269$35,618$34,555
3 years$25,310$24,593$23,903$23,238$22,597$21,562
4 years$18,793$18,078$17,395$16,741$16,117$15,116
5 years$14,884$14,174$13,499$12,859$12,252$11,289
6 years$12,279$11,574$10,909$10,283$9,694$8,771
7 years$10,419$9,720$9,066$8,455$7,884$7,000
8 years$9,025$8,332$7,688$7,092$6,541$5,696
9 years$7,941$7,254$6,622$6,041$5,508$4,703
10 years$7,074$6,394$5,773$5,208$4,693$3,926
11 years$6,365$5,692$5,083$4,532$4,036$3,307
12 years$5,775$5,109$4,511$3,975$3,498$2,805
13 years$5,276$4,617$4,030$3,510$3,050$2,394
14 years$4,849$4,197$3,621$3,115$2,674$2,052
15 years$4,479$3,834$3,269$2,778$2,354$1,766
16 years$4,156$3,518$2,964$2,488$2,081$1,525
17 years$3,871$3,240$2,697$2,235$1,845$1,321
18 years$3,618$2,993$2,462$2,014$1,640$1,147
19 years$3,391$2,774$2,254$1,820$1,462$998
20 years$3,188$2,578$2,069$1,649$1,306$869
21 years$3,004$2,401$1,903$1,496$1,169$759
22 years$2,837$2,242$1,754$1,360$1,048$663
23 years$2,685$2,096$1,619$1,239$940$580
24 years$2,546$1,964$1,497$1,130$845$508
25 years$2,418$1,843$1,387$1,032$761$445
26 years$2,300$1,732$1,286$944$685$391
27 years$2,192$1,630$1,194$864$618$343
28 years$2,091$1,536$1,110$791$557$301
29 years$1,997$1,449$1,033$726$503$265
30 years$1,909$1,369$963$666$455$233
31 years$1,828$1,294$897$612$411$205
32 years$1,751$1,224$837$562$372$180
33 years$1,680$1,159$782$517$337$158
34 years$1,613$1,099$730$476$305$139
35 years$1,549$1,042$683$438$276$123
36 years$1,490$989$639$403$250$108
37 years$1,434$940$598$371$227$95
38 years$1,380$893$560$342$205$84
39 years$1,330$849$525$316$186$74
40 years$1,282$808$492$291$169$65
41 years$1,237$769$461$269$153$57
42 years$1,194$732$432$248$139$50
43 years$1,153$698$406$229$126$45
44 years$1,114$665$381$211$115$39
45 years$1,077$634$358$195$104$35
46 years$1,042$605$336$180$94$30
47 years$1,008$577$316$167$86$27
48 years$976$551$297$154$78$24
49 years$945$526$279$142$71$21
50 years$916$503$262$131$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $938,000, adding $3,458 every year, while hoping to spend $45,598 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: 70/18/12 Blend
29$938,000$938,000$938,000$938,000
30$1,037,243$987,529$972,990$1,106,964
31$1,094,526$987,402$957,069$1,153,541
32$1,156,123$985,740$939,087$1,198,642
33$1,222,427$982,421$918,926$1,246,795
34$1,293,868$977,313$896,463$1,298,291
35$1,370,919$970,278$871,571$1,353,454
36$1,454,099$961,167$844,114$1,412,639
37$1,543,978$949,826$813,954$1,476,240
38$1,641,185$936,088$780,942$1,544,692
39$1,746,407$919,778$744,925$1,618,474
40$1,860,404$900,710$705,743$1,698,117
41$1,984,008$878,688$663,228$1,784,204
42$2,118,136$853,503$617,206$1,877,383
43$2,263,795$824,934$567,491$1,978,365
44$2,422,094$792,748$513,894$2,087,940
45$2,594,252$756,697$456,215$2,206,975
46$2,781,612$716,521$394,243$2,336,431
47$2,985,648$671,943$327,763$2,477,367
48$3,207,987$622,670$256,545$2,630,954
49$3,450,414$568,393$180,352$2,798,483
50$3,714,898$508,787$98,936$2,981,379
51$4,003,605$443,504$12,037$3,181,216
52$4,318,918$372,181$0$3,399,730
53$4,663,462$294,432$0$3,649,171
54$5,040,125$209,850$0$3,923,638
55$5,452,090$118,004$0$4,223,961
56$5,902,858$18,441$0$4,552,756
57$6,396,286$0$0$4,912,907
58$6,936,620$0$0$5,325,286
59$7,528,538$0$0$5,781,084
60$8,177,190$0$0$6,280,622
61$8,888,247$0$0$6,828,272
62$9,667,958$0$0$7,428,855
63$10,523,201$0$0$8,087,676
64$11,461,557$0$0$8,810,581
65$12,491,372$0$0$9,604,009
66$13,621,841$0$0$10,475,050
67$14,863,093$0$0$11,431,517
68$16,226,286$0$0$12,482,017
69$17,723,709$0$0$13,636,029
70$19,368,904$0$0$14,903,997
71$21,176,786$0$0$16,297,425
72$23,163,787$0$0$17,828,991
73$25,348,012$0$0$19,512,656
74$27,749,406$0$0$21,363,806
75$30,389,944$0$0$23,399,391
76$33,293,833$0$0$25,638,084
77$36,487,750$0$0$28,100,460
78$40,001,081$0$0$30,809,189
79$43,866,206$0$0$33,789,246
80$48,118,803$0$0$37,068,151
81$52,798,179$0$0$40,676,225
82$57,947,646$0$0$44,646,876
83$63,614,926$0$0$49,016,917
84$69,852,602$0$0$53,826,908
85$76,718,613$0$0$59,121,541
86$84,276,801$0$0$64,950,062
87$92,597,509$0$0$71,366,734
88$101,758,251$0$0$78,431,346
89$111,844,436$0$0$86,209,782
90$122,950,177$0$0$94,774,640
91$135,179,179$0$0$104,205,915
92$148,645,713$0$0$114,591,753
93$163,475,700$0$0$126,029,288
94$179,807,890$0$0$138,625,550
95$197,795,181$0$0$152,498,481
96$217,606,052$0$0$167,778,044
97$239,426,159$0$0$184,607,451
98$263,460,081$0$0$203,144,514
99$289,933,256$0$0$223,563,130
100$319,094,103$0$0$246,054,929