Can I retire at age 30 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$77,955$77,260$76,583$75,922$75,276$72,346
2 years$38,591$37,873$37,176$36,501$35,846$32,930
3 years$25,472$24,750$24,055$23,386$22,742$19,931
4 years$18,914$18,194$17,506$16,849$16,220$13,536
5 years$14,980$14,264$13,586$12,941$12,330$9,779
6 years$12,358$11,648$10,979$10,349$9,756$7,341
7 years$10,486$9,782$9,124$8,509$7,934$5,654
8 years$9,082$8,385$7,738$7,138$6,582$4,434
9 years$7,992$7,301$6,664$6,080$5,543$3,524
10 years$7,119$6,435$5,810$5,241$4,723$2,829
11 years$6,406$5,729$5,115$4,561$4,062$2,288
12 years$5,812$5,142$4,540$4,001$3,520$1,862
13 years$5,310$4,647$4,056$3,532$3,070$1,523
14 years$4,880$4,224$3,644$3,135$2,691$1,251
15 years$4,508$3,858$3,290$2,796$2,369$1,030
16 years$4,182$3,540$2,983$2,504$2,094$850
17 years$3,895$3,260$2,714$2,250$1,857$703
18 years$3,641$3,013$2,478$2,027$1,651$583
19 years$3,413$2,792$2,268$1,832$1,471$484
20 years$3,208$2,595$2,082$1,659$1,314$402
21 years$3,023$2,417$1,915$1,506$1,176$334
22 years$2,856$2,256$1,765$1,369$1,054$278
23 years$2,703$2,110$1,630$1,247$946$232
24 years$2,562$1,977$1,507$1,137$851$193
25 years$2,434$1,855$1,396$1,039$765$161
26 years$2,315$1,744$1,295$950$689$134
27 years$2,206$1,641$1,202$869$622$112
28 years$2,104$1,546$1,118$796$561$93
29 years$2,010$1,459$1,040$730$506$78
30 years$1,922$1,378$969$670$458$65
31 years$1,839$1,302$903$616$414$54
32 years$1,763$1,232$843$566$374$45
33 years$1,691$1,167$787$520$339$38
34 years$1,623$1,106$735$479$307$32
35 years$1,559$1,049$687$441$278$26
36 years$1,499$996$643$406$252$22
37 years$1,443$946$602$374$228$18
38 years$1,389$899$564$345$207$15
39 years$1,339$855$528$318$188$13
40 years$1,291$813$495$293$170$11
41 years$1,245$774$464$270$154$9
42 years$1,202$737$435$250$140$7
43 years$1,161$702$408$230$127$6
44 years$1,122$669$383$213$115$5
45 years$1,084$638$360$196$105$4
46 years$1,049$609$338$181$95$4
47 years$1,015$581$318$168$86$3
48 years$982$555$298$155$78$3
49 years$951$530$281$143$71$2
50 years$922$506$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $944,000, adding $5,981 every year, while hoping to spend $40,741 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: 54/26/20 Blend
29$944,000$944,000$944,000$944,000
30$1,046,457$996,425$981,793$1,096,968
31$1,109,848$1,001,902$971,335$1,137,712
32$1,178,339$1,006,282$959,162$1,177,250
33$1,252,407$1,009,468$945,171$1,219,409
34$1,332,578$1,011,357$929,260$1,264,451
35$1,419,427$1,011,840$911,316$1,312,668
36$1,513,590$1,010,800$891,226$1,364,381
37$1,615,762$1,008,116$868,868$1,419,947
38$1,726,711$1,003,655$844,117$1,479,761
39$1,847,281$997,279$816,840$1,544,258
40$1,978,398$988,840$786,899$1,613,924
41$2,121,085$978,183$754,150$1,689,292
42$2,276,463$965,142$718,442$1,770,956
43$2,445,770$949,541$679,617$1,859,570
44$2,630,364$931,195$637,510$1,955,859
45$2,831,744$909,906$591,949$2,060,624
46$3,051,556$885,466$542,754$2,174,753
47$3,291,615$857,654$489,736$2,299,225
48$3,553,918$826,237$432,700$2,435,125
49$3,840,661$790,967$371,440$2,583,651
50$4,154,267$751,582$305,741$2,746,127
51$4,497,398$707,806$235,379$2,924,018
52$4,872,990$659,345$160,122$3,118,942
53$5,284,274$605,892$79,724$3,332,686
54$5,734,806$547,117$0$3,567,227
55$6,228,507$482,676$0$3,826,044
56$6,769,690$412,203$0$4,128,490
57$7,363,110$335,312$0$4,460,259
58$8,014,000$251,595$0$4,824,353
59$8,728,126$160,621$0$5,224,086
60$9,511,838$61,936$0$5,663,113
61$10,372,133$0$0$6,145,463
62$11,316,716$0$0$6,688,444
63$12,354,075$0$0$7,304,309
64$13,493,561$0$0$7,980,903
65$14,745,475$0$0$8,724,353
66$16,121,164$0$0$9,541,411
67$17,633,130$0$0$10,439,515
68$19,295,147$0$0$11,426,859
69$21,122,388$0$0$12,512,472
70$23,131,570$0$0$13,706,299
71$25,341,111$0$0$15,019,300
72$27,771,305$0$0$16,463,548
73$30,444,509$0$0$18,052,346
74$33,385,356$0$0$19,800,351
75$36,620,987$0$0$21,723,713
76$40,181,309$0$0$23,840,225
77$44,099,270$0$0$26,169,493
78$48,411,177$0$0$28,733,119
79$53,157,032$0$0$31,554,907
80$58,380,913$0$0$34,661,085
81$64,131,390$0$0$38,080,551
82$70,461,977$0$0$41,845,150
83$77,431,643$0$0$45,989,970
84$85,105,365$0$0$50,553,675
85$93,554,742$0$0$55,578,869
86$102,858,666$0$0$61,112,497
87$113,104,073$0$0$67,206,290
88$124,386,757$0$0$73,917,250
89$136,812,276$0$0$81,308,189
90$150,496,947$0$0$89,448,322
91$165,568,944$0$0$98,413,920
92$182,169,506$0$0$108,289,027
93$200,454,270$0$0$119,166,258
94$220,594,739$0$0$131,147,666
95$242,779,901$0$0$144,345,711
96$267,218,012$0$0$158,884,317
97$294,138,558$0$0$174,900,045
98$323,794,426$0$0$192,543,377
99$356,464,285$0$0$211,980,140
100$392,455,219$0$0$233,393,069