Can I retire at age 30 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$78,368$77,669$76,988$76,324$75,675$73,106
2 years$38,796$38,073$37,373$36,694$36,036$33,473
3 years$25,607$24,881$24,183$23,510$22,862$20,387
4 years$19,014$18,290$17,599$16,938$16,306$13,936
5 years$15,059$14,340$13,657$13,010$12,395$10,138
6 years$12,423$11,710$11,037$10,404$9,808$7,665
7 years$10,541$9,834$9,172$8,554$7,977$5,947
8 years$9,131$8,429$7,779$7,176$6,617$4,700
9 years$8,034$7,339$6,700$6,112$5,573$3,765
10 years$7,157$6,469$5,841$5,269$4,748$3,047
11 years$6,440$5,759$5,142$4,585$4,084$2,486
12 years$5,843$5,169$4,564$4,022$3,539$2,041
13 years$5,338$4,671$4,077$3,551$3,086$1,684
14 years$4,906$4,246$3,663$3,152$2,705$1,395
15 years$4,532$3,879$3,308$2,811$2,382$1,160
16 years$4,204$3,559$2,999$2,517$2,105$967
17 years$3,916$3,278$2,729$2,261$1,866$807
18 years$3,660$3,029$2,491$2,038$1,660$676
19 years$3,431$2,807$2,280$1,842$1,479$566
20 years$3,225$2,608$2,093$1,668$1,321$475
21 years$3,039$2,430$1,925$1,514$1,182$399
22 years$2,871$2,268$1,774$1,376$1,060$336
23 years$2,717$2,121$1,638$1,253$951$282
24 years$2,576$1,987$1,515$1,143$855$238
25 years$2,447$1,865$1,403$1,044$769$200
26 years$2,327$1,753$1,301$955$693$169
27 years$2,217$1,650$1,209$874$625$142
28 years$2,115$1,554$1,123$801$564$120
29 years$2,020$1,466$1,045$734$509$101
30 years$1,932$1,385$974$674$460$85
31 years$1,849$1,309$908$619$416$72
32 years$1,772$1,239$847$569$376$61
33 years$1,700$1,173$791$523$340$51
34 years$1,632$1,112$739$481$308$43
35 years$1,568$1,055$691$443$279$37
36 years$1,507$1,001$646$408$253$31
37 years$1,450$951$605$376$229$26
38 years$1,397$903$566$346$208$22
39 years$1,346$859$531$319$189$19
40 years$1,297$817$497$295$171$16
41 years$1,252$778$466$272$155$13
42 years$1,208$741$438$251$141$11
43 years$1,167$706$411$232$128$9
44 years$1,128$673$385$214$116$8
45 years$1,090$642$362$197$105$7
46 years$1,054$612$340$182$96$6
47 years$1,020$584$319$169$87$5
48 years$988$558$300$156$79$4
49 years$956$533$282$144$72$3
50 years$927$509$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 $949,000, adding $5,721 every year, while hoping to spend $54,009 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: 51/29/20 Blend
29$949,000$949,000$949,000$949,000
30$1,051,699$1,001,402$986,693$1,099,232
31$1,101,507$993,006$962,282$1,124,246
32$1,154,586$982,388$935,243$1,145,390
33$1,211,211$969,382$905,431$1,167,232
34$1,271,686$953,814$872,695$1,189,858
35$1,336,343$935,495$836,875$1,213,365
36$1,405,546$914,230$797,806$1,237,863
37$1,479,693$889,809$755,314$1,263,477
38$1,559,223$862,011$709,218$1,290,350
39$1,644,617$830,602$659,330$1,318,639
40$1,736,400$795,334$605,450$1,348,527
41$1,835,152$755,945$547,372$1,380,215
42$1,941,509$712,158$484,880$1,413,932
43$2,056,168$663,679$417,749$1,449,934
44$2,179,896$610,198$345,742$1,488,510
45$2,313,535$551,387$268,614$1,529,983
46$2,458,011$486,901$186,108$1,574,713
47$2,614,341$416,372$97,956$1,623,107
48$2,783,644$339,414$3,877$1,675,618
49$2,967,148$255,618$0$1,732,752
50$3,166,207$164,553$0$1,815,673
51$3,382,306$65,762$0$1,906,635
52$3,617,082$0$0$2,005,584
53$3,872,333$0$0$2,126,534
54$4,150,038$0$0$2,281,041
55$4,452,375$0$0$2,449,343
56$4,781,740$0$0$2,632,784
57$5,140,770$0$0$2,832,844
58$5,532,367$0$0$3,051,154
59$5,959,724$0$0$3,289,505
60$6,426,358$0$0$3,549,874
61$6,936,139$0$0$3,834,432
62$7,493,328$0$0$4,145,573
63$8,102,616$0$0$4,485,932
64$8,769,168$0$0$4,858,408
65$9,498,671$0$0$5,266,197
66$10,297,387$0$0$5,712,816
67$11,172,212$0$0$6,202,138
68$12,130,741$0$0$6,738,429
69$13,181,338$0$0$7,326,388
70$14,333,213$0$0$7,971,188
71$15,596,512$0$0$8,678,530
72$16,982,408$0$0$9,454,690
73$18,503,210$0$0$10,306,584
74$20,172,475$0$0$11,241,827
75$22,005,135$0$0$12,268,811
76$24,017,642$0$0$13,396,776
77$26,228,116$0$0$14,635,906
78$28,656,519$0$0$15,997,415
79$31,324,844$0$0$17,493,661
80$34,257,316$0$0$19,138,256
81$37,480,626$0$0$20,946,197
82$41,024,180$0$0$22,934,007
83$44,920,373$0$0$25,119,890
84$49,204,897$0$0$27,523,901
85$53,917,076$0$0$30,168,137
86$59,100,235$0$0$33,076,945
87$64,802,110$0$0$36,277,148
88$71,075,297$0$0$39,798,302
89$77,977,745$0$0$43,672,972
90$85,573,305$0$0$47,937,038
91$93,932,330$0$0$52,630,035
92$103,132,337$0$0$57,795,526
93$113,258,741$0$0$63,481,510
94$124,405,656$0$0$69,740,876
95$136,676,783$0$0$76,631,901
96$150,186,391$0$0$84,218,800
97$165,060,388$0$0$92,572,332
98$181,437,516$0$0$101,770,466
99$199,470,651$0$0$111,899,115
100$219,328,250$0$0$123,052,951