Can I retire at age 30 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$78,450$77,751$77,070$76,404$75,754$74,225
2 years$38,837$38,113$37,412$36,733$36,073$34,539
3 years$25,634$24,908$24,208$23,535$22,887$21,395
4 years$19,034$18,310$17,617$16,956$16,323$14,886
5 years$15,075$14,355$13,672$13,024$12,408$11,031
6 years$12,436$11,722$11,049$10,415$9,818$8,501
7 years$10,552$9,844$9,182$8,563$7,985$6,728
8 years$9,140$8,438$7,787$7,183$6,624$5,427
9 years$8,042$7,347$6,707$6,118$5,579$4,441
10 years$7,165$6,476$5,847$5,274$4,753$3,674
11 years$6,447$5,765$5,148$4,590$4,088$3,065
12 years$5,849$5,175$4,568$4,026$3,543$2,575
13 years$5,344$4,676$4,082$3,554$3,089$2,176
14 years$4,911$4,251$3,667$3,155$2,708$1,846
15 years$4,536$3,883$3,311$2,814$2,384$1,573
16 years$4,209$3,563$3,002$2,520$2,107$1,344
17 years$3,920$3,281$2,732$2,264$1,868$1,152
18 years$3,664$3,032$2,494$2,040$1,661$989
19 years$3,435$2,810$2,283$1,843$1,481$851
20 years$3,229$2,611$2,095$1,670$1,323$733
21 years$3,043$2,432$1,927$1,515$1,184$633
22 years$2,874$2,270$1,776$1,378$1,061$547
23 years$2,720$2,123$1,640$1,255$952$473
24 years$2,579$1,989$1,517$1,144$856$409
25 years$2,449$1,867$1,405$1,045$770$354
26 years$2,330$1,755$1,303$956$694$307
27 years$2,220$1,651$1,210$875$626$266
28 years$2,117$1,556$1,125$801$564$231
29 years$2,022$1,468$1,047$735$510$201
30 years$1,934$1,386$975$674$461$174
31 years$1,851$1,311$909$619$416$151
32 years$1,774$1,240$848$569$377$131
33 years$1,701$1,174$792$523$341$114
34 years$1,633$1,113$740$482$309$99
35 years$1,569$1,056$692$443$280$86
36 years$1,509$1,002$647$408$253$75
37 years$1,452$952$606$376$230$65
38 years$1,398$904$567$347$208$57
39 years$1,347$860$531$320$189$49
40 years$1,299$818$498$295$171$43
41 years$1,253$779$467$272$155$37
42 years$1,209$742$438$251$141$32
43 years$1,168$707$411$232$128$28
44 years$1,129$674$386$214$116$25
45 years$1,091$642$362$198$105$21
46 years$1,055$613$340$183$96$19
47 years$1,021$585$320$169$87$16
48 years$989$558$300$156$79$14
49 years$957$533$282$144$72$12
50 years$928$509$265$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $950,000, adding $2,019 every year, while hoping to spend $54,874 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: 41/46/13 Blend
29$950,000$950,000$950,000$950,000
30$1,048,983$998,633$983,908$1,087,881
31$1,097,593$989,180$958,483$1,106,023
32$1,149,323$977,425$930,368$1,120,072
33$1,204,432$963,197$899,413$1,134,077
34$1,263,206$946,315$865,465$1,148,059
35$1,325,956$926,588$828,361$1,162,045
36$1,393,024$903,812$787,932$1,176,069
37$1,464,786$877,772$744,001$1,190,172
38$1,541,652$848,240$696,383$1,204,406
39$1,624,074$814,977$644,885$1,218,833
40$1,712,545$777,727$589,304$1,233,526
41$1,807,609$736,220$529,430$1,248,572
42$1,909,862$690,171$465,043$1,264,073
43$2,019,958$639,280$395,912$1,280,149
44$2,138,615$583,226$321,796$1,296,938
45$2,266,622$521,673$242,445$1,314,600
46$2,404,848$454,264$157,597$1,333,321
47$2,554,243$380,625$66,978$1,353,313
48$2,715,857$300,356$0$1,374,819
49$2,890,839$213,038$0$1,402,240
50$3,080,454$118,227$0$1,441,952
51$3,286,096$15,455$0$1,485,055
52$3,509,293$0$0$1,532,004
53$3,751,728$0$0$1,631,784
54$4,015,254$0$0$1,748,856
55$4,301,906$0$0$1,876,313
56$4,613,924$0$0$2,015,167
57$4,953,775$0$0$2,166,530
58$5,324,172$0$0$2,331,624
59$5,728,100$0$0$2,511,798
60$6,168,847$0$0$2,708,533
61$6,650,028$0$0$2,923,462
62$7,175,626$0$0$3,158,382
63$7,750,026$0$0$3,415,270
64$8,378,052$0$0$3,696,305
65$9,065,019$0$0$4,003,885
66$9,816,778$0$0$4,340,651
67$10,639,770$0$0$4,709,510
68$11,541,091$0$0$5,113,666
69$12,528,552$0$0$5,556,644
70$13,610,758$0$0$6,042,330
71$14,797,184$0$0$6,575,002
72$16,098,267$0$0$7,159,371
73$17,525,501$0$0$7,800,629
74$19,091,547$0$0$8,504,490
75$20,810,350$0$0$9,277,254
76$22,697,273$0$0$10,125,858
77$24,769,236$0$0$11,057,941
78$27,044,880$0$0$12,081,924
79$29,544,739$0$0$13,207,079
80$32,291,433$0$0$14,443,623
81$35,309,885$0$0$15,802,812
82$38,627,547$0$0$17,297,045
83$42,274,666$0$0$18,939,983
84$46,284,565$0$0$20,746,678
85$50,693,958$0$0$22,733,713
86$55,543,292$0$0$24,919,358
87$60,877,133$0$0$27,323,743
88$66,744,580$0$0$29,969,048
89$73,199,734$0$0$32,879,710
90$80,302,200$0$0$36,082,654
91$88,117,655$0$0$39,607,549
92$96,718,463$0$0$43,487,084
93$106,184,355$0$0$47,757,278
94$116,603,189$0$0$52,457,818
95$128,071,766$0$0$57,632,437
96$140,696,752$0$0$63,329,320
97$154,595,679$0$0$69,601,565
98$169,898,054$0$0$76,507,676
99$186,746,581$0$0$84,112,124
100$205,298,503$0$0$92,485,947