Can I retire at age 30 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$77,789$77,097$76,421$75,761$75,116$74,737
2 years$38,510$37,792$37,097$36,423$35,770$35,387
3 years$25,418$24,698$24,004$23,337$22,694$22,319
4 years$18,874$18,155$17,469$16,813$16,185$15,822
5 years$14,948$14,234$13,557$12,914$12,304$11,953
6 years$12,332$11,623$10,956$10,327$9,736$9,397
7 years$10,464$9,761$9,104$8,491$7,918$7,592
8 years$9,063$8,367$7,721$7,123$6,568$6,256
9 years$7,975$7,285$6,650$6,067$5,532$5,232
10 years$7,104$6,421$5,798$5,230$4,713$4,427
11 years$6,393$5,717$5,104$4,551$4,054$3,779
12 years$5,800$5,131$4,530$3,992$3,513$3,251
13 years$5,299$4,637$4,047$3,525$3,063$2,813
14 years$4,870$4,215$3,636$3,129$2,685$2,447
15 years$4,498$3,850$3,283$2,790$2,364$2,138
16 years$4,173$3,533$2,977$2,498$2,089$1,874
17 years$3,887$3,253$2,709$2,245$1,853$1,648
18 years$3,633$3,006$2,473$2,023$1,647$1,453
19 years$3,406$2,786$2,264$1,828$1,468$1,285
20 years$3,202$2,589$2,077$1,656$1,312$1,138
21 years$3,017$2,412$1,911$1,503$1,174$1,009
22 years$2,850$2,251$1,761$1,366$1,052$897
23 years$2,697$2,105$1,626$1,244$944$798
24 years$2,557$1,973$1,504$1,135$849$711
25 years$2,429$1,851$1,393$1,036$764$634
26 years$2,310$1,740$1,292$948$688$565
27 years$2,201$1,637$1,200$867$620$505
28 years$2,100$1,543$1,115$795$560$451
29 years$2,005$1,456$1,038$729$505$404
30 years$1,918$1,375$967$669$457$361
31 years$1,836$1,299$901$614$413$324
32 years$1,759$1,230$841$564$373$290
33 years$1,687$1,164$785$519$338$260
34 years$1,619$1,104$734$478$306$233
35 years$1,556$1,047$686$440$277$209
36 years$1,496$994$642$405$251$187
37 years$1,440$944$600$373$228$168
38 years$1,386$897$562$344$206$151
39 years$1,336$853$527$317$187$135
40 years$1,288$811$494$292$170$122
41 years$1,242$772$463$270$154$109
42 years$1,199$736$434$249$140$98
43 years$1,158$701$408$230$127$88
44 years$1,119$668$383$212$115$79
45 years$1,082$637$359$196$104$71
46 years$1,047$608$337$181$95$64
47 years$1,013$580$317$167$86$57
48 years$980$554$298$155$78$52
49 years$949$529$280$143$71$46
50 years$920$505$263$132$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $942,000, adding $2,807 every year, while hoping to spend $23,020 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: 79/11/10 Blend
29$942,000$942,000$942,000$942,000
30$1,040,979$991,053$976,452$1,121,271
31$1,122,666$1,015,122$984,670$1,198,459
32$1,211,914$1,039,598$992,392$1,279,847
33$1,309,468$1,064,478$999,577$1,368,461
34$1,416,153$1,089,756$1,006,181$1,465,011
35$1,532,872$1,115,426$1,012,160$1,570,280
36$1,660,623$1,141,480$1,017,466$1,685,131
37$1,800,505$1,167,910$1,022,049$1,810,512
38$1,953,724$1,194,706$1,025,856$1,947,471
39$2,121,614$1,221,856$1,028,831$2,097,158
40$2,305,639$1,249,348$1,030,918$2,260,843
41$2,507,415$1,277,167$1,032,054$2,439,923
42$2,728,720$1,305,297$1,032,177$2,635,940
43$2,971,513$1,333,720$1,031,218$2,850,588
44$3,237,951$1,362,416$1,029,108$3,085,737
45$3,530,412$1,391,364$1,025,773$3,343,446
46$3,851,512$1,420,539$1,021,135$3,625,983
47$4,204,136$1,449,916$1,015,113$3,935,848
48$4,591,461$1,479,464$1,007,621$4,275,793
49$5,016,985$1,509,153$998,572$4,648,854
50$5,484,565$1,538,949$987,871$5,058,372
51$5,998,447$1,568,814$975,421$5,508,031
52$6,563,310$1,598,707$961,120$6,001,889
53$7,184,309$1,628,586$944,859$6,544,418
54$7,867,124$1,658,402$926,527$7,140,545
55$8,618,012$1,688,104$906,007$7,795,700
56$9,443,866$1,717,638$883,175$8,515,865
57$10,352,281$1,746,944$857,903$9,307,633
58$11,351,628$1,775,958$830,056$10,178,268
59$12,451,125$1,804,611$799,494$11,135,775
60$13,660,932$1,832,829$766,069$12,188,975
61$14,992,243$1,860,533$729,628$13,347,588
62$16,457,391$1,887,639$690,010$14,622,324
63$18,069,966$1,914,055$647,047$16,024,989
64$19,844,943$1,939,684$600,564$17,568,587
65$21,798,820$1,964,422$550,376$19,267,453
66$23,949,779$1,988,157$496,292$21,137,381
67$26,317,850$2,010,770$438,112$23,195,777
68$28,925,108$2,032,136$375,626$25,461,822
69$31,795,877$2,052,118$308,617$27,956,653
70$34,956,956$2,070,571$236,855$30,703,562
71$38,437,879$2,087,343$160,103$33,728,218
72$42,271,189$2,102,269$78,113$37,058,908
73$46,492,745$2,115,174$0$40,726,803
74$51,142,061$2,125,874$0$44,767,256
75$56,262,679$2,134,170$0$49,226,080
76$61,902,581$2,139,853$0$54,136,679
77$68,114,638$2,142,699$0$59,545,056
78$74,957,111$2,142,472$0$65,501,905
79$82,494,202$2,138,918$0$72,063,089
80$90,796,657$2,131,772$0$79,290,168
81$99,942,437$2,120,750$0$87,250,980
82$110,017,448$2,105,549$0$96,020,278
83$121,116,358$2,085,852$0$105,680,442
84$133,343,487$2,061,318$0$116,322,250
85$146,813,790$2,031,591$0$128,045,741
86$161,653,947$1,996,289$0$140,961,153
87$178,003,552$1,955,009$0$155,189,969
88$196,016,434$1,907,325$0$170,866,060
89$215,862,111$1,852,785$0$188,136,953
90$237,727,386$1,790,910$0$207,165,219
91$261,818,109$1,721,194$0$228,130,009
92$288,361,126$1,643,103$0$251,228,748
93$317,606,414$1,556,068$0$276,678,996
94$349,829,443$1,459,491$0$304,720,503
95$385,333,778$1,352,737$0$335,617,472
96$424,453,940$1,235,137$0$369,661,053
97$467,558,565$1,105,983$0$407,172,094
98$515,053,888$964,525$0$448,504,165
99$567,387,570$809,972$0$494,046,902
100$625,052,931$641,490$0$544,229,681