Can I retire at age 30 with 949,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$78,368$77,669$76,988$76,324$75,675$73,458
2 years$38,796$38,073$37,373$36,694$36,036$33,821
3 years$25,607$24,881$24,183$23,510$22,862$20,718
4 years$19,014$18,290$17,599$16,938$16,306$14,249
5 years$15,059$14,340$13,657$13,010$12,395$10,431
6 years$12,423$11,710$11,037$10,404$9,808$7,939
7 years$10,541$9,834$9,172$8,554$7,977$6,202
8 years$9,131$8,429$7,779$7,176$6,617$4,936
9 years$8,034$7,339$6,700$6,112$5,573$3,983
10 years$7,157$6,469$5,841$5,269$4,748$3,248
11 years$6,440$5,759$5,142$4,585$4,084$2,671
12 years$5,843$5,169$4,564$4,022$3,539$2,210
13 years$5,338$4,671$4,077$3,551$3,086$1,839
14 years$4,906$4,246$3,663$3,152$2,705$1,536
15 years$4,532$3,879$3,308$2,811$2,382$1,288
16 years$4,204$3,559$2,999$2,517$2,105$1,082
17 years$3,916$3,278$2,729$2,261$1,866$912
18 years$3,660$3,029$2,491$2,038$1,660$770
19 years$3,431$2,807$2,280$1,842$1,479$651
20 years$3,225$2,608$2,093$1,668$1,321$552
21 years$3,039$2,430$1,925$1,514$1,182$468
22 years$2,871$2,268$1,774$1,376$1,060$397
23 years$2,717$2,121$1,638$1,253$951$337
24 years$2,576$1,987$1,515$1,143$855$286
25 years$2,447$1,865$1,403$1,044$769$244
26 years$2,327$1,753$1,301$955$693$207
27 years$2,217$1,650$1,209$874$625$176
28 years$2,115$1,554$1,123$801$564$150
29 years$2,020$1,466$1,045$734$509$128
30 years$1,932$1,385$974$674$460$109
31 years$1,849$1,309$908$619$416$93
32 years$1,772$1,239$847$569$376$79
33 years$1,700$1,173$791$523$340$67
34 years$1,632$1,112$739$481$308$58
35 years$1,568$1,055$691$443$279$49
36 years$1,507$1,001$646$408$253$42
37 years$1,450$951$605$376$229$36
38 years$1,397$903$566$346$208$30
39 years$1,346$859$531$319$189$26
40 years$1,297$817$497$295$171$22
41 years$1,252$778$466$272$155$19
42 years$1,208$741$438$251$141$16
43 years$1,167$706$411$232$128$14
44 years$1,128$673$385$214$116$12
45 years$1,090$642$362$197$105$10
46 years$1,054$612$340$182$96$9
47 years$1,020$584$319$169$87$7
48 years$988$558$300$156$79$6
49 years$956$533$282$144$72$5
50 years$927$509$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $949,000, adding $4,573 every year, while hoping to spend $43,331 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: 68/21/11 Blend
29$949,000$949,000$949,000$949,000
30$1,050,515$1,000,218$985,509$1,119,196
31$1,111,564$1,003,125$972,419$1,168,331
32$1,177,387$1,004,722$957,439$1,216,427
33$1,248,426$1,004,899$940,459$1,267,894
34$1,325,167$1,003,540$921,365$1,323,059
35$1,408,140$1,000,520$900,038$1,382,279
36$1,497,933$995,708$876,352$1,445,951
37$1,595,189$988,965$850,176$1,514,510
38$1,700,616$980,142$821,375$1,588,441
39$1,814,992$969,082$789,804$1,668,274
40$1,939,173$955,619$755,314$1,754,599
41$2,074,101$939,576$717,749$1,848,064
42$2,220,811$920,767$676,946$1,949,385
43$2,380,443$898,993$632,732$2,059,354
44$2,554,250$874,046$584,931$2,178,844
45$2,743,612$845,703$533,354$2,308,818
46$2,950,047$813,728$477,808$2,450,341
47$3,175,225$777,875$418,089$2,604,586
48$3,420,987$737,880$353,983$2,772,850
49$3,689,356$693,464$285,270$2,956,564
50$3,982,560$644,334$211,717$3,157,307
51$4,303,054$590,178$133,081$3,376,820
52$4,653,537$530,669$49,111$3,617,028
53$5,036,984$465,458$0$3,880,052
54$5,456,669$394,178$0$4,172,988
55$5,916,199$316,442$0$4,500,126
56$6,419,543$231,840$0$4,858,583
57$6,971,076$139,939$0$5,251,538
58$7,575,611$40,282$0$5,682,501
59$8,238,454$0$0$6,155,339
60$8,965,447$0$0$6,689,942
61$9,763,023$0$0$7,286,719
62$10,638,269$0$0$7,941,670
63$11,598,991$0$0$8,660,645
64$12,653,790$0$0$9,450,087
65$13,812,136$0$0$10,317,093
66$15,084,466$0$0$11,269,481
67$16,482,273$0$0$12,315,863
68$18,018,220$0$0$13,465,729
69$19,706,259$0$0$14,729,532
70$21,561,759$0$0$16,118,786
71$23,601,652$0$0$17,646,180
72$25,844,592$0$0$19,325,691
73$28,311,133$0$0$21,172,720
74$31,023,919$0$0$23,204,234
75$34,007,897$0$0$25,438,927
76$37,290,557$0$0$27,897,396
77$40,902,185$0$0$30,602,336
78$44,876,150$0$0$33,578,751
79$49,249,222$0$0$36,854,192
80$54,061,911$0$0$40,459,016
81$59,358,856$0$0$44,426,671
82$65,189,243$0$0$48,794,013
83$71,607,266$0$0$53,601,653
84$78,672,642$0$0$58,894,337
85$86,451,172$0$0$64,721,373
86$95,015,360$0$0$71,137,090
87$104,445,100$0$0$78,201,356
88$114,828,426$0$0$85,980,138
89$126,262,343$0$0$94,546,126
90$138,853,745$0$0$103,979,419
91$152,720,419$0$0$114,368,281
92$167,992,156$0$0$125,809,970
93$184,811,979$0$0$138,411,658
94$203,337,490$0$0$152,291,445
95$223,742,355$0$0$167,579,467
96$246,217,947$0$0$184,419,127
97$270,975,146$0$0$202,968,449
98$298,246,333$0$0$223,401,567
99$328,287,580$0$0$245,910,368
100$361,381,069$0$0$270,706,306