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%16.3%
1 years$78,368$77,669$76,988$76,324$75,675$73,726
2 years$38,796$38,073$37,373$36,694$36,036$34,085
3 years$25,607$24,881$24,183$23,510$22,862$20,971
4 years$19,014$18,290$17,599$16,938$16,306$14,488
5 years$15,059$14,340$13,657$13,010$12,395$10,657
6 years$12,423$11,710$11,037$10,404$9,808$8,150
7 years$10,541$9,834$9,172$8,554$7,977$6,400
8 years$9,131$8,429$7,779$7,176$6,617$5,121
9 years$8,034$7,339$6,700$6,112$5,573$4,155
10 years$7,157$6,469$5,841$5,269$4,748$3,407
11 years$6,440$5,759$5,142$4,585$4,084$2,818
12 years$5,843$5,169$4,564$4,022$3,539$2,346
13 years$5,338$4,671$4,077$3,551$3,086$1,963
14 years$4,906$4,246$3,663$3,152$2,705$1,650
15 years$4,532$3,879$3,308$2,811$2,382$1,392
16 years$4,204$3,559$2,999$2,517$2,105$1,178
17 years$3,916$3,278$2,729$2,261$1,866$999
18 years$3,660$3,029$2,491$2,038$1,660$849
19 years$3,431$2,807$2,280$1,842$1,479$723
20 years$3,225$2,608$2,093$1,668$1,321$617
21 years$3,039$2,430$1,925$1,514$1,182$526
22 years$2,871$2,268$1,774$1,376$1,060$450
23 years$2,717$2,121$1,638$1,253$951$385
24 years$2,576$1,987$1,515$1,143$855$329
25 years$2,447$1,865$1,403$1,044$769$282
26 years$2,327$1,753$1,301$955$693$242
27 years$2,217$1,650$1,209$874$625$207
28 years$2,115$1,554$1,123$801$564$178
29 years$2,020$1,466$1,045$734$509$153
30 years$1,932$1,385$974$674$460$131
31 years$1,849$1,309$908$619$416$112
32 years$1,772$1,239$847$569$376$97
33 years$1,700$1,173$791$523$340$83
34 years$1,632$1,112$739$481$308$71
35 years$1,568$1,055$691$443$279$61
36 years$1,507$1,001$646$408$253$53
37 years$1,450$951$605$376$229$45
38 years$1,397$903$566$346$208$39
39 years$1,346$859$531$319$189$33
40 years$1,297$817$497$295$171$29
41 years$1,252$778$466$272$155$25
42 years$1,208$741$438$251$141$21
43 years$1,167$706$411$232$128$18
44 years$1,128$673$385$214$116$16
45 years$1,090$642$362$197$105$13
46 years$1,054$612$340$182$96$12
47 years$1,020$584$319$169$87$10
48 years$988$558$300$156$79$9
49 years$956$533$282$144$72$7
50 years$927$509$265$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $949,000, adding $2,388 every year, while hoping to spend $51,967 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$1,048,261$997,964$983,255$1,116,943
31$1,099,891$991,572$960,901$1,156,496
32$1,155,046$983,125$936,057$1,193,287
33$1,214,030$972,467$908,584$1,232,165
34$1,277,177$959,434$878,338$1,273,330
35$1,344,854$943,851$845,167$1,317,000
36$1,417,462$925,532$808,913$1,363,416
37$1,495,442$904,282$769,410$1,412,849
38$1,579,278$879,893$726,486$1,465,595
39$1,669,501$852,145$679,961$1,521,983
40$1,766,695$820,805$629,644$1,582,378
41$1,871,500$785,626$575,339$1,647,183
42$1,984,620$746,349$516,840$1,716,846
43$2,106,828$702,698$453,932$1,791,861
44$2,238,975$654,380$386,389$1,872,774
45$2,381,994$601,089$313,977$1,960,193
46$2,536,913$542,497$236,450$2,054,786
47$2,704,860$478,261$153,553$2,157,295
48$2,887,076$408,016$65,018$2,268,540
49$3,084,928$331,379$0$2,389,428
50$3,299,917$247,943$0$2,524,420
51$3,533,694$157,278$0$2,679,536
52$3,788,079$58,933$0$2,848,399
53$4,065,070$0$0$3,032,401
54$4,366,869$0$0$3,244,075
55$4,695,896$0$0$3,489,744
56$5,054,818$0$0$3,757,786
57$5,446,568$0$0$4,050,400
58$5,874,375$0$0$4,370,004
59$6,341,795$0$0$4,719,261
60$6,852,741$0$0$5,101,104
61$7,411,522$0$0$5,518,759
62$8,022,883$0$0$5,975,781
63$8,692,047$0$0$6,476,084
64$9,424,767$0$0$7,023,977
65$10,227,377$0$0$7,624,207
66$11,106,854$0$0$8,281,999
67$12,070,881$0$0$9,003,109
68$13,127,919$0$0$9,793,878
69$14,287,288$0$0$10,661,287
70$15,559,253$0$0$11,613,028
71$16,955,119$0$0$12,657,572
72$18,487,343$0$0$13,804,249
73$20,169,641$0$0$15,063,339
74$22,017,126$0$0$16,446,165
75$24,046,446$0$0$17,965,199
76$26,275,938$0$0$19,634,183
77$28,725,807$0$0$21,468,254
78$31,418,308$0$0$23,484,089
79$34,377,962$0$0$25,700,060
80$37,631,784$0$0$28,136,409
81$41,209,533$0$0$30,815,436
82$45,144,002$0$0$33,761,711
83$49,471,316$0$0$37,002,304
84$54,231,279$0$0$40,567,040
85$59,467,745$0$0$44,488,780
86$65,229,035$0$0$48,803,729
87$71,568,386$0$0$53,551,783
88$78,544,461$0$0$58,776,894
89$86,221,892$0$0$64,527,497
90$94,671,896$0$0$70,856,955
91$103,972,946$0$0$77,824,068
92$114,211,505$0$0$85,493,628
93$125,482,846$0$0$93,937,025
94$137,891,950$0$0$103,232,925
95$151,554,492$0$0$113,468,008
96$166,597,938$0$0$124,737,787
97$183,162,738$0$0$137,147,508
98$201,403,661$0$0$150,813,145
99$221,491,245$0$0$165,862,490
100$243,613,411$0$0$182,436,359