Can I retire at age 30 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$77,624$76,933$76,258$75,600$74,957$74,082
2 years$38,428$37,712$37,019$36,346$35,694$34,813
3 years$25,364$24,645$23,953$23,287$22,646$21,786
4 years$18,834$18,117$17,432$16,777$16,151$15,320
5 years$14,916$14,204$13,528$12,886$12,278$11,477
6 years$12,305$11,599$10,933$10,305$9,715$8,946
7 years$10,441$9,740$9,085$8,473$7,901$7,164
8 years$9,044$8,349$7,705$7,108$6,555$5,850
9 years$7,958$7,270$6,636$6,054$5,520$4,847
10 years$7,089$6,408$5,786$5,219$4,703$4,061
11 years$6,379$5,704$5,094$4,542$4,045$3,433
12 years$5,788$5,120$4,520$3,984$3,505$2,924
13 years$5,288$4,627$4,039$3,517$3,057$2,504
14 years$4,859$4,206$3,629$3,122$2,679$2,156
15 years$4,489$3,842$3,276$2,784$2,359$1,863
16 years$4,165$3,525$2,970$2,493$2,085$1,615
17 years$3,879$3,246$2,703$2,240$1,849$1,405
18 years$3,625$3,000$2,467$2,019$1,644$1,225
19 years$3,399$2,780$2,259$1,824$1,465$1,070
20 years$3,195$2,584$2,073$1,652$1,309$937
21 years$3,011$2,406$1,907$1,499$1,171$821
22 years$2,843$2,246$1,757$1,363$1,050$721
23 years$2,691$2,101$1,623$1,242$942$634
24 years$2,552$1,968$1,501$1,132$847$558
25 years$2,423$1,847$1,390$1,034$762$491
26 years$2,305$1,736$1,289$946$687$433
27 years$2,196$1,634$1,197$865$619$382
28 years$2,095$1,540$1,113$793$559$337
29 years$2,001$1,452$1,036$727$504$297
30 years$1,913$1,372$965$667$456$263
31 years$1,832$1,297$899$613$412$232
32 years$1,755$1,227$839$563$373$205
33 years$1,683$1,162$783$518$337$182
34 years$1,616$1,101$732$477$305$161
35 years$1,553$1,045$684$439$277$142
36 years$1,493$991$640$404$251$126
37 years$1,437$942$599$372$227$111
38 years$1,383$895$561$343$206$99
39 years$1,333$851$526$316$187$87
40 years$1,285$810$493$292$169$77
41 years$1,240$771$462$269$154$68
42 years$1,197$734$433$248$139$61
43 years$1,156$699$407$229$127$54
44 years$1,117$667$382$212$115$48
45 years$1,080$636$358$196$104$42
46 years$1,044$606$337$181$95$37
47 years$1,011$579$316$167$86$33
48 years$978$552$297$154$78$29
49 years$947$528$279$143$71$26
50 years$918$504$263$132$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $940,000, adding $2,578 every year, while hoping to spend $59,665 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: 71/9/20 Blend
29$940,000$940,000$940,000$940,000
30$1,038,539$988,719$974,149$1,107,053
31$1,080,987$973,683$943,300$1,137,994
32$1,125,765$955,911$909,418$1,164,515
33$1,173,047$935,205$872,338$1,192,063
34$1,223,025$911,357$831,888$1,220,732
35$1,275,906$884,146$787,888$1,250,626
36$1,331,916$853,337$740,151$1,281,863
37$1,391,305$818,684$688,479$1,314,573
38$1,454,342$779,923$632,667$1,348,900
39$1,521,325$736,779$572,502$1,385,007
40$1,592,577$688,959$507,757$1,423,072
41$1,668,454$636,151$438,201$1,463,297
42$1,749,342$578,029$363,587$1,505,904
43$1,835,669$514,246$283,661$1,551,141
44$1,927,900$444,437$198,156$1,599,281
45$2,026,545$368,214$106,794$1,650,633
46$2,132,166$285,169$9,284$1,705,535
47$2,245,375$194,871$0$1,764,364
48$2,366,847$96,863$0$1,847,766
49$2,497,321$0$0$1,939,408
50$2,637,609$0$0$2,038,819
51$2,788,602$0$0$2,156,174
52$2,951,277$0$0$2,282,645
53$3,126,710$0$0$2,419,073
54$3,316,080$0$0$2,566,379
55$3,520,686$0$0$2,725,579
56$3,741,951$0$0$2,897,785
57$3,981,444$0$0$3,084,224
58$4,240,886$0$0$3,286,243
59$4,522,171$0$0$3,505,320
60$4,827,382$0$0$3,743,087
61$5,158,808$0$0$4,001,332
62$5,518,970$0$0$4,282,026
63$5,910,638$0$0$4,587,337
64$6,336,861$0$0$4,919,649
65$6,800,994$0$0$5,281,585
66$7,306,729$0$0$5,676,033
67$7,858,128$0$0$6,106,170
68$8,459,661$0$0$6,575,493
69$9,116,252$0$0$7,087,852
70$9,833,316$0$0$7,647,483
71$10,616,818$0$0$8,259,053
72$11,473,323$0$0$8,927,695
73$12,410,059$0$0$9,659,064
74$13,434,986$0$0$10,459,387
75$14,556,867$0$0$11,335,518
76$15,785,353$0$0$12,295,007
77$17,131,070$0$0$13,346,166
78$18,605,723$0$0$14,498,152
79$20,222,199$0$0$15,761,046
80$21,994,694$0$0$17,145,954
81$23,938,844$0$0$18,665,107
82$26,071,869$0$0$20,331,977
83$28,412,737$0$0$22,161,403
84$30,982,343$0$0$24,169,731
85$33,803,700$0$0$26,374,966
86$36,902,162$0$0$28,796,942
87$40,305,658$0$0$31,457,510
88$44,044,954$0$0$34,380,739
89$48,153,944$0$0$37,593,146
90$52,669,967$0$0$41,123,944
91$57,634,161$0$0$45,005,317
92$63,091,846$0$0$49,272,721
93$69,092,954$0$0$53,965,223
94$75,692,496$0$0$59,125,860
95$82,951,080$0$0$64,802,051
96$90,935,486$0$0$71,046,043
97$99,719,288$0$0$77,915,399
98$109,383,551$0$0$85,473,543
99$120,017,596$0$0$93,790,356
100$131,719,837$0$0$102,942,838