Can I retire at age 30 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$77,707$77,015$76,339$75,680$75,037$74,439
2 years$38,469$37,752$37,058$36,385$35,732$35,129
3 years$25,391$24,672$23,979$23,312$22,670$22,081
4 years$18,854$18,136$17,451$16,795$16,168$15,598
5 years$14,932$14,219$13,542$12,900$12,291$11,741
6 years$12,319$11,611$10,944$10,316$9,725$9,196
7 years$10,453$9,751$9,095$8,482$7,909$7,401
8 years$9,054$8,358$7,713$7,115$6,562$6,074
9 years$7,966$7,277$6,643$6,060$5,526$5,059
10 years$7,097$6,415$5,792$5,224$4,708$4,262
11 years$6,386$5,711$5,099$4,547$4,049$3,624
12 years$5,794$5,125$4,525$3,988$3,509$3,103
13 years$5,293$4,632$4,043$3,521$3,060$2,674
14 years$4,865$4,210$3,633$3,125$2,682$2,315
15 years$4,493$3,846$3,280$2,787$2,362$2,013
16 years$4,169$3,529$2,974$2,496$2,087$1,756
17 years$3,883$3,250$2,706$2,242$1,851$1,537
18 years$3,629$3,003$2,470$2,021$1,646$1,349
19 years$3,402$2,783$2,261$1,826$1,467$1,186
20 years$3,198$2,586$2,075$1,654$1,310$1,045
21 years$3,014$2,409$1,909$1,501$1,172$922
22 years$2,847$2,249$1,759$1,365$1,051$815
23 years$2,694$2,103$1,624$1,243$943$722
24 years$2,554$1,971$1,502$1,134$848$639
25 years$2,426$1,849$1,391$1,035$763$567
26 years$2,308$1,738$1,290$947$687$503
27 years$2,199$1,636$1,198$866$620$447
28 years$2,097$1,541$1,114$794$559$397
29 years$2,003$1,454$1,037$728$505$353
30 years$1,915$1,373$966$668$456$314
31 years$1,834$1,298$900$614$412$280
32 years$1,757$1,228$840$564$373$249
33 years$1,685$1,163$784$519$338$222
34 years$1,618$1,102$733$477$306$198
35 years$1,554$1,046$685$439$277$177
36 years$1,495$992$641$404$251$157
37 years$1,438$943$600$373$227$140
38 years$1,385$896$562$344$206$125
39 years$1,334$852$526$317$187$112
40 years$1,286$810$493$292$170$100
41 years$1,241$771$463$270$154$89
42 years$1,198$735$434$249$140$79
43 years$1,157$700$407$230$127$71
44 years$1,118$667$382$212$115$63
45 years$1,081$636$359$196$104$57
46 years$1,045$607$337$181$95$51
47 years$1,012$579$317$167$86$45
48 years$979$553$298$154$78$40
49 years$948$528$280$143$71$36
50 years$919$504$263$132$64$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $941,000, adding $3,796 every year, while hoping to spend $28,257 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: 58/28/14 Blend
29$941,000$941,000$941,000$941,000
30$1,040,898$991,025$976,439$1,097,361
31$1,117,004$1,009,520$979,085$1,154,456
32$1,199,926$1,027,974$980,872$1,213,209
33$1,290,329$1,046,355$981,742$1,276,592
34$1,388,946$1,064,630$981,633$1,345,054
35$1,496,582$1,082,760$980,482$1,419,090
36$1,614,125$1,100,707$978,219$1,499,246
37$1,742,552$1,118,428$974,775$1,586,123
38$1,882,937$1,135,876$970,075$1,680,385
39$2,036,465$1,153,002$964,041$1,782,763
40$2,204,439$1,169,753$956,591$1,894,061
41$2,388,294$1,186,074$947,639$2,015,170
42$2,589,611$1,201,903$937,097$2,147,068
43$2,810,131$1,217,175$924,868$2,290,835
44$3,051,769$1,231,822$910,856$2,447,661
45$3,316,637$1,245,768$894,958$2,618,861
46$3,607,060$1,258,937$877,064$2,805,879
47$3,925,597$1,271,242$857,064$3,010,313
48$4,275,070$1,282,595$834,837$3,233,922
49$4,658,585$1,292,900$810,262$3,478,644
50$5,079,563$1,302,054$783,208$3,746,620
51$5,541,774$1,309,950$753,541$4,040,205
52$6,049,369$1,316,472$721,119$4,362,001
53$6,606,922$1,321,497$685,794$4,714,872
54$7,219,473$1,324,894$647,412$5,101,979
55$7,892,570$1,326,525$605,811$5,526,806
56$8,632,330$1,326,243$560,824$5,993,194
57$9,445,489$1,323,890$512,273$6,505,376
58$10,339,469$1,319,301$459,974$7,068,022
59$11,322,447$1,312,299$403,735$7,686,278
60$12,403,432$1,302,696$343,356$8,365,818
61$13,592,349$1,290,296$278,625$9,112,899
62$14,900,135$1,274,886$209,325$9,934,417
63$16,338,837$1,256,245$135,227$10,837,973
64$17,921,733$1,234,135$56,091$11,831,950
65$19,663,448$1,208,306$0$12,925,588
66$21,580,100$1,178,493$0$14,133,308
67$23,689,446$1,144,415$0$15,471,320
68$26,011,052$1,105,774$0$16,943,655
69$28,566,480$1,062,257$0$18,564,000
70$31,379,483$1,013,530$0$20,347,440
71$34,476,238$959,241$0$22,310,603
72$37,885,587$899,017$0$24,471,814
73$41,639,313$832,464$0$26,851,271
74$45,772,434$759,167$0$29,471,234
75$50,323,541$678,684$0$32,356,238
76$55,335,153$590,550$0$35,533,325
77$60,854,125$494,274$0$39,032,296
78$66,932,089$389,336$0$42,886,001
79$73,625,936$275,188$0$47,130,640
80$80,998,360$151,250$0$51,806,113
81$89,118,441$16,910$0$56,956,395
82$98,062,306$0$0$62,629,953
83$107,913,839$0$0$68,919,787
84$118,765,478$0$0$75,854,006
85$130,719,083$0$0$83,492,504
86$143,886,902$0$0$91,907,023
87$158,392,623$0$0$101,176,618
88$174,372,550$0$0$111,388,407
89$191,976,881$0$0$122,638,390
90$211,371,132$0$0$135,032,354
91$232,737,693$0$0$148,686,876
92$256,277,555$0$0$163,730,417
93$282,212,202$0$0$180,304,540
94$310,785,705$0$0$198,565,242
95$342,267,023$0$0$218,684,430
96$376,952,542$0$0$240,851,539
97$415,168,874$0$0$265,275,324
98$457,275,938$0$0$292,185,829
99$503,670,357$0$0$321,836,556
100$554,789,204$0$0$354,506,862