Can I retire at age 30 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$78,202$77,506$76,826$76,163$75,515$72,894
2 years$38,714$37,993$37,294$36,617$35,960$33,346
3 years$25,553$24,829$24,132$23,461$22,814$20,290
4 years$18,974$18,252$17,562$16,902$16,271$13,856
5 years$15,027$14,310$13,629$12,982$12,369$10,069
6 years$12,397$11,685$11,014$10,382$9,787$7,604
7 years$10,519$9,813$9,153$8,536$7,960$5,893
8 years$9,111$8,412$7,762$7,160$6,603$4,652
9 years$8,017$7,324$6,686$6,099$5,561$3,722
10 years$7,142$6,456$5,829$5,257$4,738$3,009
11 years$6,427$5,747$5,131$4,576$4,075$2,452
12 years$5,831$5,158$4,554$4,013$3,531$2,010
13 years$5,327$4,661$4,069$3,543$3,079$1,656
14 years$4,896$4,237$3,656$3,145$2,699$1,370
15 years$4,522$3,871$3,301$2,805$2,377$1,137
16 years$4,196$3,551$2,993$2,512$2,101$947
17 years$3,908$3,271$2,723$2,257$1,863$789
18 years$3,652$3,022$2,486$2,034$1,656$660
19 years$3,424$2,801$2,276$1,838$1,476$552
20 years$3,219$2,603$2,088$1,664$1,318$462
21 years$3,033$2,424$1,921$1,510$1,180$388
22 years$2,865$2,263$1,771$1,373$1,058$326
23 years$2,711$2,117$1,635$1,251$949$273
24 years$2,571$1,983$1,512$1,141$853$230
25 years$2,442$1,861$1,400$1,042$768$193
26 years$2,323$1,749$1,299$953$692$163
27 years$2,213$1,646$1,206$872$624$137
28 years$2,111$1,551$1,121$799$563$115
29 years$2,016$1,463$1,043$733$508$97
30 years$1,928$1,382$972$672$459$82
31 years$1,845$1,306$906$617$415$69
32 years$1,768$1,236$845$567$375$58
33 years$1,696$1,171$789$522$340$49
34 years$1,628$1,109$737$480$308$41
35 years$1,564$1,052$689$442$279$35
36 years$1,504$999$645$407$252$29
37 years$1,447$949$604$375$229$25
38 years$1,394$902$565$346$207$21
39 years$1,343$857$530$319$188$18
40 years$1,295$816$496$294$171$15
41 years$1,249$776$465$271$155$12
42 years$1,206$739$437$250$140$10
43 years$1,164$705$410$231$127$9
44 years$1,125$672$385$213$116$7
45 years$1,088$640$361$197$105$6
46 years$1,052$611$339$182$95$5
47 years$1,018$583$319$168$87$4
48 years$985$557$299$155$79$4
49 years$954$531$281$144$71$3
50 years$925$508$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $947,000, adding $5,393 every year, while hoping to spend $27,833 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: 58/25/17 Blend
29$947,000$947,000$947,000$947,000
30$1,049,157$998,966$984,287$1,105,063
31$1,126,557$1,018,301$987,647$1,162,908
32$1,210,919$1,037,651$990,186$1,222,421
33$1,302,923$1,056,987$991,848$1,286,663
34$1,403,320$1,076,277$992,573$1,356,096
35$1,512,933$1,095,489$992,299$1,431,225
36$1,632,670$1,114,587$990,960$1,512,611
37$1,763,532$1,133,531$988,486$1,600,870
38$1,906,617$1,152,279$984,806$1,696,681
39$2,063,139$1,170,787$979,843$1,800,795
40$2,234,430$1,189,007$973,519$1,914,036
41$2,421,960$1,206,886$965,749$2,037,317
42$2,627,345$1,224,369$956,448$2,171,639
43$2,852,368$1,241,397$945,522$2,318,112
44$3,098,990$1,257,905$932,877$2,477,955
45$3,369,371$1,273,827$918,413$2,652,513
46$3,665,890$1,289,088$902,024$2,843,271
47$3,991,170$1,303,612$883,600$3,051,863
48$4,348,096$1,317,315$863,027$3,280,093
49$4,739,847$1,330,110$840,184$3,529,949
50$5,169,927$1,341,901$814,946$3,803,622
51$5,642,194$1,352,588$787,181$4,103,530
52$6,160,897$1,362,064$756,751$4,432,337
53$6,730,719$1,370,216$723,512$4,792,980
54$7,356,817$1,376,921$687,315$5,188,698
55$8,044,873$1,382,051$648,001$5,623,061
56$8,801,147$1,385,469$605,406$6,100,005
57$9,632,536$1,387,028$559,359$6,623,871
58$10,546,637$1,386,575$509,680$7,199,442
59$11,551,822$1,383,945$456,181$7,831,992
60$12,657,312$1,378,962$398,667$8,527,337
61$13,873,269$1,371,442$336,934$9,291,886
62$15,210,888$1,361,189$270,767$10,132,707
63$16,682,505$1,347,993$199,944$11,057,590
64$18,301,709$1,331,634$124,231$12,075,123
65$20,083,477$1,311,878$43,387$13,194,772
66$22,044,308$1,288,476$0$14,426,976
67$24,202,381$1,261,165$0$15,791,017
68$26,577,728$1,229,666$0$17,300,703
69$29,192,422$1,193,686$0$18,962,185
70$32,070,784$1,152,911$0$20,790,926
71$35,239,611$1,107,011$0$22,803,969
72$38,728,434$1,055,637$0$25,020,094
73$42,569,789$998,418$0$27,460,001
74$46,799,531$934,964$0$30,146,504
75$51,457,167$864,861$0$33,104,745
76$56,586,231$787,672$0$36,362,434
77$62,234,692$702,933$0$39,950,110
78$68,455,411$610,158$0$43,901,432
79$75,306,637$508,829$0$48,253,493
80$82,852,554$398,402$0$53,047,174
81$91,163,890$278,299$0$58,327,530
82$100,318,585$147,914$0$64,144,218
83$110,402,521$6,603$0$70,551,961
84$121,510,340$0$0$77,611,071
85$133,746,329$0$0$85,428,268
86$147,225,410$0$0$94,041,760
87$162,074,222$0$0$103,530,673
88$178,432,314$0$0$113,984,200
89$196,453,468$0$0$125,500,629
90$216,307,142$0$0$138,188,269
91$238,180,077$0$0$152,166,476
92$262,278,054$0$0$167,566,775
93$288,827,838$0$0$184,534,103
94$318,079,319$0$0$203,228,177
95$350,307,869$0$0$223,825,002
96$385,816,941$0$0$246,518,530
97$424,940,935$0$0$271,522,495
98$468,048,353$0$0$299,072,426
99$515,545,276$0$0$329,427,870
100$567,879,198$0$0$362,874,847