Can I retire at age 30 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$78,285$77,588$76,907$76,243$75,595$73,058
2 years$38,755$38,033$37,334$36,655$35,998$33,467
3 years$25,580$24,855$24,157$23,485$22,838$20,393
4 years$18,994$18,271$17,580$16,920$16,288$13,947
5 years$15,043$14,325$13,643$12,996$12,382$10,152
6 years$12,410$11,697$11,026$10,393$9,798$7,679
7 years$10,530$9,823$9,162$8,545$7,968$5,962
8 years$9,121$8,420$7,770$7,168$6,610$4,714
9 years$8,025$7,331$6,693$6,106$5,567$3,779
10 years$7,149$6,462$5,835$5,263$4,743$3,061
11 years$6,433$5,753$5,137$4,580$4,079$2,499
12 years$5,837$5,164$4,559$4,018$3,535$2,053
13 years$5,333$4,666$4,073$3,547$3,083$1,695
14 years$4,901$4,242$3,660$3,149$2,702$1,405
15 years$4,527$3,875$3,304$2,808$2,379$1,169
16 years$4,200$3,555$2,996$2,514$2,103$975
17 years$3,912$3,274$2,726$2,259$1,864$815
18 years$3,656$3,025$2,488$2,036$1,658$682
19 years$3,427$2,804$2,278$1,840$1,478$572
20 years$3,222$2,606$2,091$1,666$1,320$481
21 years$3,036$2,427$1,923$1,512$1,181$404
22 years$2,868$2,265$1,772$1,375$1,059$340
23 years$2,714$2,119$1,636$1,252$950$286
24 years$2,573$1,985$1,513$1,142$854$241
25 years$2,444$1,863$1,402$1,043$769$203
26 years$2,325$1,751$1,300$954$692$171
27 years$2,215$1,648$1,207$873$624$145
28 years$2,113$1,553$1,122$800$563$122
29 years$2,018$1,465$1,044$733$509$103
30 years$1,930$1,383$973$673$460$87
31 years$1,847$1,308$907$618$415$73
32 years$1,770$1,237$846$568$376$62
33 years$1,698$1,172$790$522$340$52
34 years$1,630$1,111$738$481$308$44
35 years$1,566$1,053$690$442$279$37
36 years$1,506$1,000$646$407$253$32
37 years$1,449$950$604$375$229$27
38 years$1,395$902$566$346$208$23
39 years$1,344$858$530$319$188$19
40 years$1,296$816$497$294$171$16
41 years$1,250$777$466$272$155$14
42 years$1,207$740$437$251$141$12
43 years$1,166$705$410$231$128$10
44 years$1,126$672$385$214$116$8
45 years$1,089$641$362$197$105$7
46 years$1,053$612$340$182$95$6
47 years$1,019$584$319$168$87$5
48 years$987$557$300$156$79$4
49 years$955$532$282$144$72$4
50 years$926$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 $948,000, adding $2,848 every year, while hoping to spend $25,352 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: 73/14/13 Blend
29$948,000$948,000$948,000$948,000
30$1,047,634$997,390$982,696$1,121,034
31$1,127,518$1,019,287$988,642$1,191,876
32$1,214,701$1,041,409$993,937$1,266,044
33$1,309,900$1,063,737$998,534$1,346,599
34$1,413,905$1,086,256$1,002,380$1,434,169
35$1,527,586$1,108,945$1,005,423$1,529,442
36$1,651,901$1,131,784$1,007,605$1,633,178
37$1,787,904$1,154,751$1,008,869$1,746,214
38$1,936,755$1,177,819$1,009,151$1,869,472
39$2,099,734$1,200,961$1,008,387$2,003,969
40$2,278,247$1,224,149$1,006,509$2,150,822
41$2,473,846$1,247,350$1,003,444$2,311,265
42$2,688,237$1,270,529$999,118$2,486,656
43$2,923,301$1,293,648$993,452$2,678,492
44$3,181,108$1,316,668$986,364$2,888,422
45$3,463,940$1,339,543$977,766$3,118,262
46$3,774,310$1,362,228$967,569$3,370,016
47$4,114,984$1,384,672$955,677$3,645,888
48$4,489,011$1,406,820$941,991$3,948,312
49$4,899,749$1,428,613$926,407$4,279,964
50$5,350,898$1,449,989$908,815$4,643,798
51$5,846,532$1,470,882$889,103$5,043,067
52$6,391,141$1,491,217$867,151$5,481,356
53$6,989,670$1,510,920$842,833$5,962,615
54$7,647,568$1,529,907$816,020$6,491,197
55$8,370,838$1,548,090$786,574$7,071,902
56$9,166,092$1,565,376$754,354$7,710,015
57$10,040,618$1,581,663$719,209$8,411,364
58$11,002,442$1,596,846$680,983$9,182,370
59$12,060,409$1,610,809$639,514$10,030,109
60$13,224,264$1,623,432$594,631$10,962,381
61$14,504,743$1,634,585$546,156$11,987,779
62$15,913,677$1,644,129$493,902$13,115,776
63$17,464,100$1,651,919$437,676$14,356,809
64$19,170,374$1,657,799$377,273$15,722,383
65$21,048,322$1,661,602$312,483$17,225,174
66$23,115,383$1,663,152$243,083$18,879,154
67$25,390,768$1,662,262$168,842$20,699,720
68$27,895,647$1,658,734$89,519$22,703,842
69$30,653,347$1,652,356$4,862$24,910,220
70$33,689,572$1,642,904$0$27,339,463
71$37,032,643$1,630,141$0$30,026,142
72$40,713,769$1,613,815$0$32,984,921
73$44,767,340$1,593,659$0$36,242,749
74$49,231,250$1,569,388$0$39,830,069
75$54,147,253$1,540,705$0$43,780,427
76$59,561,364$1,507,290$0$48,130,793
77$65,524,282$1,468,807$0$52,921,904
78$72,091,880$1,424,899$0$58,198,654
79$79,325,723$1,375,190$0$64,010,513
80$87,293,652$1,319,280$0$70,411,999
81$96,070,427$1,256,747$0$77,463,190
82$105,738,426$1,187,143$0$85,230,292
83$116,388,429$1,109,997$0$93,786,262
84$128,120,470$1,024,808$0$103,211,502
85$141,044,782$931,047$0$113,594,610
86$155,282,839$828,158$0$125,033,226
87$170,968,499$715,548$0$137,634,947
88$188,249,272$592,596$0$151,518,346
89$207,287,705$458,641$0$166,814,089
90$228,262,925$312,988$0$183,666,174
91$251,372,321$154,903$0$202,233,284
92$276,833,413$0$0$222,690,292
93$304,885,901$0$0$245,232,431
94$335,793,931$0$0$270,095,568
95$369,848,584$0$0$297,490,002
96$407,370,628$0$0$327,673,776
97$448,713,541$0$0$360,931,249
98$494,266,851$0$0$397,575,778
99$544,459,811$0$0$437,952,679
100$599,765,452$0$0$482,442,486