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%19.4%
1 years$78,368$77,669$76,988$76,324$75,675$72,816
2 years$38,796$38,073$37,373$36,694$36,036$33,189
3 years$25,607$24,881$24,183$23,510$22,862$20,117
4 years$19,014$18,290$17,599$16,938$16,306$13,682
5 years$15,059$14,340$13,657$13,010$12,395$9,901
6 years$12,423$11,710$11,037$10,404$9,808$7,445
7 years$10,541$9,834$9,172$8,554$7,977$5,743
8 years$9,131$8,429$7,779$7,176$6,617$4,512
9 years$8,034$7,339$6,700$6,112$5,573$3,592
10 years$7,157$6,469$5,841$5,269$4,748$2,889
11 years$6,440$5,759$5,142$4,585$4,084$2,342
12 years$5,843$5,169$4,564$4,022$3,539$1,910
13 years$5,338$4,671$4,077$3,551$3,086$1,565
14 years$4,906$4,246$3,663$3,152$2,705$1,288
15 years$4,532$3,879$3,308$2,811$2,382$1,063
16 years$4,204$3,559$2,999$2,517$2,105$879
17 years$3,916$3,278$2,729$2,261$1,866$729
18 years$3,660$3,029$2,491$2,038$1,660$606
19 years$3,431$2,807$2,280$1,842$1,479$504
20 years$3,225$2,608$2,093$1,668$1,321$419
21 years$3,039$2,430$1,925$1,514$1,182$350
22 years$2,871$2,268$1,774$1,376$1,060$292
23 years$2,717$2,121$1,638$1,253$951$243
24 years$2,576$1,987$1,515$1,143$855$203
25 years$2,447$1,865$1,403$1,044$769$170
26 years$2,327$1,753$1,301$955$693$142
27 years$2,217$1,650$1,209$874$625$119
28 years$2,115$1,554$1,123$801$564$99
29 years$2,020$1,466$1,045$734$509$83
30 years$1,932$1,385$974$674$460$70
31 years$1,849$1,309$908$619$416$58
32 years$1,772$1,239$847$569$376$49
33 years$1,700$1,173$791$523$340$41
34 years$1,632$1,112$739$481$308$34
35 years$1,568$1,055$691$443$279$29
36 years$1,507$1,001$646$408$253$24
37 years$1,450$951$605$376$229$20
38 years$1,397$903$566$346$208$17
39 years$1,346$859$531$319$189$14
40 years$1,297$817$497$295$171$12
41 years$1,252$778$466$272$155$10
42 years$1,208$741$438$251$141$8
43 years$1,167$706$411$232$128$7
44 years$1,128$673$385$214$116$6
45 years$1,090$642$362$197$105$5
46 years$1,054$612$340$182$96$4
47 years$1,020$584$319$169$87$3
48 years$988$558$300$156$79$3
49 years$956$533$282$144$72$2
50 years$927$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $949,000, adding $5,917 every year, while hoping to spend $49,694 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: 85/6/9 Blend
29$949,000$949,000$949,000$949,000
30$1,051,901$1,001,604$986,895$1,139,588
31$1,106,321$997,809$967,082$1,193,945
32$1,164,627$992,162$944,940$1,246,299
33$1,227,161$984,520$920,337$1,302,265
34$1,294,302$974,732$893,139$1,362,174
35$1,366,463$962,637$863,202$1,426,391
36$1,444,099$948,063$830,376$1,495,317
37$1,527,709$930,830$794,505$1,569,393
38$1,617,841$910,746$755,427$1,649,107
39$1,715,097$887,609$712,970$1,734,993
40$1,820,139$861,204$666,957$1,827,642
41$1,933,693$831,303$617,200$1,927,702
42$2,056,559$797,666$563,505$2,035,889
43$2,189,614$760,038$505,669$2,152,991
44$2,333,825$718,149$443,478$2,279,876
45$2,490,252$671,716$376,712$2,417,499
46$2,660,064$620,436$305,138$2,566,915
47$2,844,544$563,991$228,514$2,729,284
48$3,045,106$502,045$146,587$2,905,884
49$3,263,303$434,241$59,095$3,098,125
50$3,500,846$360,205$0$3,307,560
51$3,759,615$279,538$0$3,539,190
52$4,041,682$191,822$0$3,797,881
53$4,349,326$96,613$0$4,080,057
54$4,685,054$0$0$4,388,038
55$5,051,627$0$0$4,724,814
56$5,452,085$0$0$5,099,700
57$5,889,773$0$0$5,509,454
58$6,368,374$0$0$5,957,524
59$6,891,945$0$0$6,447,709
60$7,464,952$0$0$6,984,193
61$8,092,310$0$0$7,571,581
62$8,779,437$0$0$8,214,945
63$9,532,294$0$0$8,919,870
64$10,357,449$0$0$9,692,509
65$11,262,135$0$0$10,539,635
66$12,254,319$0$0$11,468,710
67$13,342,773$0$0$12,487,954
68$14,537,163$0$0$13,606,417
69$15,848,134$0$0$14,834,071
70$17,287,412$0$0$16,181,900
71$18,867,913$0$0$17,662,002
72$20,603,866$0$0$19,287,705
73$22,510,947$0$0$21,073,691
74$24,606,423$0$0$23,036,136
75$26,909,317$0$0$25,192,856
76$29,440,587$0$0$27,563,484
77$32,223,322$0$0$30,169,646
78$35,282,959$0$0$33,035,170
79$38,647,524$0$0$36,186,305
80$42,347,895$0$0$39,651,975
81$46,418,091$0$0$43,464,046
82$50,895,594$0$0$47,657,626
83$55,821,702$0$0$52,271,399
84$61,241,919$0$0$57,347,987
85$67,206,379$0$0$62,934,351
86$73,770,324$0$0$69,082,236
87$80,994,622$0$0$75,848,655
88$88,946,340$0$0$83,296,430
89$97,699,376$0$0$91,494,782
90$107,335,158$0$0$100,519,982
91$117,943,409$0$0$110,456,073
92$129,622,993$0$0$121,395,662
93$142,482,850$0$0$133,440,790
94$156,643,019$0$0$146,703,899
95$172,235,773$0$0$161,308,888
96$189,406,865$0$0$177,392,283
97$208,316,905$0$0$195,104,526
98$229,142,871$0$0$214,611,392
99$252,079,782$0$0$236,095,554
100$277,342,534$0$0$259,758,305