Can I retire at age 30 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$78,120$77,424$76,745$76,082$75,435$74,186
2 years$38,673$37,953$37,255$36,578$35,922$34,666
3 years$25,526$24,803$24,106$23,436$22,790$21,568
4 years$18,954$18,233$17,543$16,884$16,254$15,075
5 years$15,011$14,295$13,614$12,969$12,356$11,223
6 years$12,384$11,673$11,002$10,371$9,777$8,691
7 years$10,508$9,803$9,143$8,527$7,951$6,914
8 years$9,102$8,403$7,754$7,153$6,596$5,606
9 years$8,008$7,316$6,679$6,093$5,555$4,612
10 years$7,134$6,449$5,822$5,252$4,733$3,836
11 years$6,420$5,741$5,126$4,571$4,071$3,219
12 years$5,825$5,153$4,549$4,009$3,528$2,720
13 years$5,321$4,657$4,064$3,539$3,076$2,312
14 years$4,890$4,233$3,652$3,142$2,697$1,974
15 years$4,517$3,867$3,297$2,802$2,374$1,692
16 years$4,191$3,548$2,989$2,509$2,098$1,455
17 years$3,904$3,267$2,720$2,254$1,861$1,255
18 years$3,648$3,019$2,483$2,032$1,654$1,085
19 years$3,420$2,798$2,273$1,836$1,475$939
20 years$3,215$2,600$2,086$1,663$1,317$815
21 years$3,030$2,422$1,919$1,509$1,179$708
22 years$2,862$2,261$1,769$1,372$1,056$616
23 years$2,708$2,114$1,633$1,249$948$536
24 years$2,568$1,981$1,510$1,140$852$468
25 years$2,439$1,859$1,399$1,041$767$408
26 years$2,320$1,747$1,297$952$691$356
27 years$2,210$1,644$1,205$871$623$311
28 years$2,108$1,549$1,120$798$562$272
29 years$2,014$1,462$1,042$732$508$238
30 years$1,926$1,380$971$672$459$208
31 years$1,843$1,305$905$617$415$182
32 years$1,766$1,235$844$567$375$159
33 years$1,694$1,169$788$521$339$139
34 years$1,626$1,108$737$480$307$122
35 years$1,563$1,051$689$442$278$107
36 years$1,502$998$644$407$252$94
37 years$1,446$948$603$375$229$82
38 years$1,392$901$565$345$207$72
39 years$1,341$856$529$318$188$63
40 years$1,293$815$496$294$170$55
41 years$1,248$776$465$271$155$48
42 years$1,204$739$436$250$140$42
43 years$1,163$704$409$231$127$37
44 years$1,124$671$384$213$116$33
45 years$1,087$640$361$197$105$29
46 years$1,051$610$339$182$95$25
47 years$1,017$582$318$168$87$22
48 years$984$556$299$155$79$19
49 years$953$531$281$143$71$17
50 years$924$507$264$133$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $946,000, adding $3,180 every year, while hoping to spend $29,106 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: 61/19/20 Blend
29$946,000$946,000$946,000$946,000
30$1,045,772$995,634$980,971$1,103,939
31$1,121,472$1,013,452$982,865$1,161,448
32$1,203,918$1,031,167$983,847$1,220,680
33$1,293,768$1,048,744$983,856$1,284,662
34$1,391,744$1,066,144$982,827$1,353,860
35$1,498,643$1,083,326$980,692$1,428,787
36$1,615,341$1,100,246$977,382$1,510,009
37$1,742,804$1,116,855$972,822$1,598,149
38$1,882,092$1,133,104$966,934$1,693,895
39$2,034,376$1,148,937$959,637$1,798,005
40$2,200,943$1,164,295$950,846$1,911,316
41$2,383,210$1,179,116$940,470$2,034,750
42$2,582,738$1,193,333$928,416$2,169,323
43$2,801,246$1,206,875$914,586$2,316,156
44$3,040,626$1,219,665$898,878$2,476,485
45$3,302,963$1,231,622$881,183$2,651,673
46$3,590,552$1,242,658$861,390$2,843,222
47$3,905,922$1,252,682$839,381$3,052,791
48$4,251,858$1,261,596$815,032$3,282,204
49$4,631,426$1,269,293$788,214$3,533,478
50$5,048,006$1,275,662$758,793$3,808,833
51$5,505,318$1,280,585$726,628$4,110,717
52$6,007,462$1,283,935$691,572$4,441,832
53$6,558,954$1,285,578$653,470$4,805,154
54$7,164,768$1,285,372$612,162$5,203,966
55$7,830,384$1,283,165$567,479$5,641,886
56$8,561,839$1,278,797$519,246$6,122,905
57$9,365,785$1,272,096$467,279$6,651,422
58$10,249,548$1,262,882$411,386$7,232,287
59$11,221,201$1,250,962$351,367$7,870,846
60$12,289,639$1,236,134$287,012$8,572,995
61$13,464,658$1,218,182$218,104$9,345,233
62$14,757,057$1,196,876$144,414$10,194,725
63$16,178,729$1,171,975$65,703$11,129,368
64$17,742,779$1,143,222$0$12,157,871
65$19,463,648$1,110,345$0$13,293,736
66$21,357,246$1,073,057$0$14,558,859
67$23,441,102$1,031,054$0$15,950,926
68$25,734,532$984,013$0$17,482,857
69$28,258,818$931,594$0$19,168,890
70$31,037,412$873,437$0$21,024,718
71$34,096,152$809,159$0$23,067,633
72$37,463,512$738,360$0$25,316,695
73$41,170,862$660,612$0$27,792,907
74$45,252,774$575,466$0$30,519,418
75$49,747,339$482,445$0$33,521,739
76$54,696,531$381,049$0$36,827,985
77$60,146,602$270,745$0$40,469,142
78$66,148,518$150,974$0$44,479,356
79$72,758,438$21,143$0$48,896,262
80$80,038,248$0$0$53,761,334
81$88,056,139$0$0$59,145,238
82$96,887,256$0$0$65,080,184
83$106,614,402$0$0$71,617,412
84$117,328,824$0$0$78,818,256
85$129,131,069$0$0$86,750,307
86$142,131,936$0$0$95,488,043
87$156,453,521$0$0$105,113,539
88$172,230,368$0$0$115,717,235
89$189,610,739$0$0$127,398,794
90$208,758,013$0$0$140,268,043
91$229,852,228$0$0$154,446,003
92$253,091,782$0$0$170,066,040
93$278,695,301$0$0$187,275,118
94$306,903,706$0$0$206,235,184
95$337,982,485$0$0$227,124,705
96$372,224,200$0$0$250,140,343
97$409,951,245$0$0$275,498,817
98$451,518,895$0$0$303,438,947
99$497,318,653$0$0$334,223,906
100$547,781,948$0$0$368,143,707