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%18.1%
1 years$78,368$77,669$76,988$76,324$75,675$73,194
2 years$38,796$38,073$37,373$36,694$36,036$33,560
3 years$25,607$24,881$24,183$23,510$22,862$20,469
4 years$19,014$18,290$17,599$16,938$16,306$14,014
5 years$15,059$14,340$13,657$13,010$12,395$10,211
6 years$12,423$11,710$11,037$10,404$9,808$7,732
7 years$10,541$9,834$9,172$8,554$7,977$6,010
8 years$9,131$8,429$7,779$7,176$6,617$4,758
9 years$8,034$7,339$6,700$6,112$5,573$3,819
10 years$7,157$6,469$5,841$5,269$4,748$3,097
11 years$6,440$5,759$5,142$4,585$4,084$2,531
12 years$5,843$5,169$4,564$4,022$3,539$2,082
13 years$5,338$4,671$4,077$3,551$3,086$1,722
14 years$4,906$4,246$3,663$3,152$2,705$1,429
15 years$4,532$3,879$3,308$2,811$2,382$1,191
16 years$4,204$3,559$2,999$2,517$2,105$994
17 years$3,916$3,278$2,729$2,261$1,866$832
18 years$3,660$3,029$2,491$2,038$1,660$698
19 years$3,431$2,807$2,280$1,842$1,479$586
20 years$3,225$2,608$2,093$1,668$1,321$493
21 years$3,039$2,430$1,925$1,514$1,182$415
22 years$2,871$2,268$1,774$1,376$1,060$350
23 years$2,717$2,121$1,638$1,253$951$295
24 years$2,576$1,987$1,515$1,143$855$249
25 years$2,447$1,865$1,403$1,044$769$210
26 years$2,327$1,753$1,301$955$693$178
27 years$2,217$1,650$1,209$874$625$150
28 years$2,115$1,554$1,123$801$564$127
29 years$2,020$1,466$1,045$734$509$107
30 years$1,932$1,385$974$674$460$91
31 years$1,849$1,309$908$619$416$77
32 years$1,772$1,239$847$569$376$65
33 years$1,700$1,173$791$523$340$55
34 years$1,632$1,112$739$481$308$46
35 years$1,568$1,055$691$443$279$39
36 years$1,507$1,001$646$408$253$33
37 years$1,450$951$605$376$229$28
38 years$1,397$903$566$346$208$24
39 years$1,346$859$531$319$189$20
40 years$1,297$817$497$295$171$17
41 years$1,252$778$466$272$155$14
42 years$1,208$741$438$251$141$12
43 years$1,167$706$411$232$128$10
44 years$1,128$673$385$214$116$9
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$5
49 years$956$533$282$144$72$4
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 $5,549 every year, while hoping to spend $26,930 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: 39/34/27 Blend
29$949,000$949,000$949,000$949,000
30$1,051,522$1,001,225$986,515$1,083,927
31$1,130,124$1,021,631$990,910$1,128,465
32$1,215,840$1,042,136$994,550$1,173,692
33$1,309,369$1,062,713$997,380$1,222,078
34$1,411,478$1,083,339$999,345$1,273,930
35$1,523,011$1,103,985$1,000,386$1,329,583
36$1,644,898$1,124,620$1,000,439$1,389,410
37$1,778,164$1,145,213$999,440$1,453,820
38$1,923,936$1,165,728$997,320$1,523,266
39$2,083,455$1,186,126$994,009$1,598,249
40$2,258,089$1,206,368$989,429$1,679,320
41$2,449,342$1,226,407$983,503$1,767,089
42$2,658,872$1,246,199$976,147$1,862,227
43$2,888,504$1,265,690$967,276$1,965,478
44$3,140,250$1,284,827$956,797$2,077,660
45$3,416,322$1,303,550$944,617$2,199,679
46$3,719,161$1,321,798$930,636$2,332,531
47$4,051,452$1,339,503$914,749$2,477,318
48$4,416,154$1,356,593$896,847$2,635,257
49$4,816,527$1,372,991$876,816$2,807,688
50$5,256,161$1,388,615$854,537$2,996,093
51$5,739,009$1,403,378$829,885$3,202,104
52$6,269,431$1,417,186$802,728$3,427,526
53$6,852,224$1,429,939$772,931$3,674,346
54$7,492,676$1,441,531$740,350$3,944,759
55$8,196,612$1,451,850$704,835$4,241,187
56$8,970,450$1,460,774$666,230$4,566,302
57$9,821,260$1,468,176$624,373$4,923,051
58$10,756,831$1,473,918$579,091$5,314,686
59$11,785,744$1,477,857$530,208$5,744,793
60$12,917,456$1,479,838$477,535$6,217,330
61$14,162,384$1,479,697$420,880$6,736,660
62$15,532,006$1,477,261$360,038$7,307,600
63$17,038,969$1,472,345$294,798$7,935,459
64$18,697,206$1,464,753$224,937$8,626,093
65$20,522,073$1,454,278$150,223$9,385,964
66$22,530,485$1,440,698$70,416$10,222,196
67$24,741,082$1,423,780$0$11,142,646
68$27,174,404$1,403,277$0$12,160,230
69$29,853,081$1,378,925$0$13,302,180
70$32,802,051$1,350,447$0$14,558,805
71$36,048,789$1,317,549$0$15,941,808
72$39,623,575$1,279,918$0$17,464,091
73$43,559,769$1,237,223$0$19,139,874
74$47,894,135$1,189,117$0$20,984,831
75$52,667,181$1,135,228$0$23,016,240
76$57,923,545$1,075,166$0$25,253,143
77$63,712,414$1,008,516$0$27,716,534
78$70,087,989$934,842$0$30,429,549
79$77,109,994$853,680$0$33,417,691
80$84,844,245$764,541$0$36,709,071
81$93,363,264$666,910$0$40,334,673
82$102,746,967$560,239$0$44,328,647
83$113,083,419$443,951$0$48,728,635
84$124,469,661$317,438$0$53,576,124
85$137,012,629$180,055$0$58,916,845
86$150,830,162$31,123$0$64,801,197
87$166,052,115$0$0$71,284,734
88$182,821,581$0$0$78,477,348
89$201,296,245$0$0$86,414,374
90$221,649,871$0$0$95,158,845
91$244,073,941$0$0$104,793,054
92$268,779,463$0$0$115,407,685
93$295,998,964$0$0$127,102,669
94$325,988,679$0$0$139,988,128
95$359,030,976$0$0$154,185,415
96$395,437,019$0$0$169,828,258
97$435,549,701$0$0$187,064,023
98$479,746,888$0$0$206,055,104
99$528,444,978$0$0$226,980,458
100$582,102,836$0$0$250,037,291