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%17.5%
1 years$78,450$77,751$77,070$76,404$75,754$73,447
2 years$38,837$38,113$37,412$36,733$36,073$33,769
3 years$25,634$24,908$24,208$23,535$22,887$20,657
4 years$19,034$18,310$17,617$16,956$16,323$14,185
5 years$15,075$14,355$13,672$13,024$12,408$10,368
6 years$12,436$11,722$11,049$10,415$9,818$7,877
7 years$10,552$9,844$9,182$8,563$7,985$6,143
8 years$9,140$8,438$7,787$7,183$6,624$4,881
9 years$8,042$7,347$6,707$6,118$5,579$3,932
10 years$7,165$6,476$5,847$5,274$4,753$3,200
11 years$6,447$5,765$5,148$4,590$4,088$2,626
12 years$5,849$5,175$4,568$4,026$3,543$2,169
13 years$5,344$4,676$4,082$3,554$3,089$1,801
14 years$4,911$4,251$3,667$3,155$2,708$1,501
15 years$4,536$3,883$3,311$2,814$2,384$1,256
16 years$4,209$3,563$3,002$2,520$2,107$1,053
17 years$3,920$3,281$2,732$2,264$1,868$886
18 years$3,664$3,032$2,494$2,040$1,661$746
19 years$3,435$2,810$2,283$1,843$1,481$630
20 years$3,229$2,611$2,095$1,670$1,323$532
21 years$3,043$2,432$1,927$1,515$1,184$450
22 years$2,874$2,270$1,776$1,378$1,061$381
23 years$2,720$2,123$1,640$1,255$952$323
24 years$2,579$1,989$1,517$1,144$856$274
25 years$2,449$1,867$1,405$1,045$770$232
26 years$2,330$1,755$1,303$956$694$197
27 years$2,220$1,651$1,210$875$626$167
28 years$2,117$1,556$1,125$801$564$142
29 years$2,022$1,468$1,047$735$510$121
30 years$1,934$1,386$975$674$461$103
31 years$1,851$1,311$909$619$416$87
32 years$1,774$1,240$848$569$377$74
33 years$1,701$1,174$792$523$341$63
34 years$1,633$1,113$740$482$309$54
35 years$1,569$1,056$692$443$280$46
36 years$1,509$1,002$647$408$253$39
37 years$1,452$952$606$376$230$33
38 years$1,398$904$567$347$208$28
39 years$1,347$860$531$320$189$24
40 years$1,299$818$498$295$171$20
41 years$1,253$779$467$272$155$17
42 years$1,209$742$438$251$141$15
43 years$1,168$707$411$232$128$13
44 years$1,129$674$386$214$116$11
45 years$1,091$642$362$198$105$9
46 years$1,055$613$340$183$96$8
47 years$1,021$585$320$169$87$7
48 years$989$558$300$156$79$6
49 years$957$533$282$144$72$5
50 years$928$509$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $950,000, adding $2,138 every year, while hoping to spend $36,251 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: 31/42/27 Blend
29$950,000$950,000$950,000$950,000
30$1,049,105$998,755$984,030$1,072,881
31$1,117,543$1,009,124$978,425$1,101,762
32$1,191,747$1,018,785$971,416$1,129,486
33$1,272,266$1,027,666$962,919$1,158,612
34$1,359,706$1,035,690$952,846$1,189,286
35$1,454,730$1,042,774$941,101$1,221,674
36$1,558,072$1,048,829$927,587$1,255,959
37$1,670,536$1,053,762$912,202$1,292,346
38$1,793,008$1,057,474$894,837$1,331,064
39$1,926,462$1,059,858$875,382$1,372,369
40$2,071,972$1,060,801$853,718$1,416,543
41$2,230,717$1,060,184$829,722$1,463,905
42$2,403,998$1,057,881$803,265$1,514,805
43$2,593,244$1,053,756$774,213$1,569,635
44$2,800,031$1,047,665$742,424$1,628,832
45$3,026,091$1,039,458$707,753$1,692,879
46$3,273,334$1,028,974$670,045$1,762,316
47$3,543,862$1,016,041$629,138$1,837,739
48$3,839,987$1,000,478$584,866$1,919,813
49$4,164,259$982,095$537,052$2,009,275
50$4,519,483$960,687$485,513$2,106,943
51$4,908,750$936,040$430,057$2,213,725
52$5,335,462$907,926$370,484$2,330,628
53$5,803,369$876,105$306,586$2,458,766
54$6,316,599$840,320$238,142$2,599,378
55$6,879,699$800,303$164,927$2,753,835
56$7,497,678$755,766$86,701$2,923,655
57$8,176,052$706,410$3,217$3,110,521
58$8,920,899$651,914$0$3,316,297
59$9,738,913$591,940$0$3,567,785
60$10,637,470$526,133$0$3,845,126
61$11,624,693$454,114$0$4,150,000
62$12,709,531$375,486$0$4,485,290
63$13,901,846$289,827$0$4,854,177
64$15,212,499$196,693$0$5,260,175
65$16,653,457$95,615$0$5,707,166
66$18,237,906$0$0$6,199,434
67$19,980,370$0$0$6,748,136
68$21,896,856$0$0$7,400,403
69$24,004,995$0$0$8,118,065
70$26,324,217$0$0$8,907,758
71$28,875,926$0$0$9,776,792
72$31,683,709$0$0$10,733,221
73$34,773,553$0$0$11,785,921
74$38,174,091$0$0$12,944,670
75$41,916,873$0$0$14,220,243
76$46,036,664$0$0$15,624,515
77$50,571,768$0$0$17,170,568
78$55,564,392$0$0$18,872,816
79$61,061,044$0$0$20,747,146
80$67,112,971$0$0$22,811,061
81$73,776,641$0$0$25,083,848
82$81,114,278$0$0$27,586,760
83$89,194,444$0$0$30,343,216
84$98,092,692$0$0$33,379,023
85$107,892,275$0$0$36,722,617
86$118,684,930$0$0$40,405,334
87$130,571,747$0$0$44,461,705
88$143,664,119$0$0$48,929,778
89$158,084,796$0$0$53,851,484
90$173,969,040$0$0$59,273,026
91$191,465,905$0$0$65,245,319
92$210,739,638$0$0$71,824,469
93$231,971,235$0$0$79,072,302
94$255,360,144$0$0$87,056,949
95$281,126,148$0$0$95,853,488
96$309,511,442$0$0$105,544,650
97$340,782,914$0$0$116,221,605
98$375,234,668$0$0$127,984,818
99$413,190,795$0$0$140,945,000
100$455,008,436$0$0$155,224,152