Can I retire at age 30 with 950,000?

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 $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%15.6%
1 years$78,450$77,751$77,070$76,404$75,754$74,013
2 years$38,837$38,113$37,412$36,733$36,073$34,329
3 years$25,634$24,908$24,208$23,535$22,887$21,193
4 years$19,034$18,310$17,617$16,956$16,323$14,693
5 years$15,075$14,355$13,672$13,024$12,408$10,848
6 years$12,436$11,722$11,049$10,415$9,818$8,328
7 years$10,552$9,844$9,182$8,563$7,985$6,565
8 years$9,140$8,438$7,787$7,183$6,624$5,274
9 years$8,042$7,347$6,707$6,118$5,579$4,298
10 years$7,165$6,476$5,847$5,274$4,753$3,540
11 years$6,447$5,765$5,148$4,590$4,088$2,941
12 years$5,849$5,175$4,568$4,026$3,543$2,459
13 years$5,344$4,676$4,082$3,554$3,089$2,068
14 years$4,911$4,251$3,667$3,155$2,708$1,747
15 years$4,536$3,883$3,311$2,814$2,384$1,481
16 years$4,209$3,563$3,002$2,520$2,107$1,259
17 years$3,920$3,281$2,732$2,264$1,868$1,073
18 years$3,664$3,032$2,494$2,040$1,661$917
19 years$3,435$2,810$2,283$1,843$1,481$785
20 years$3,229$2,611$2,095$1,670$1,323$673
21 years$3,043$2,432$1,927$1,515$1,184$577
22 years$2,874$2,270$1,776$1,378$1,061$496
23 years$2,720$2,123$1,640$1,255$952$427
24 years$2,579$1,989$1,517$1,144$856$367
25 years$2,449$1,867$1,405$1,045$770$316
26 years$2,330$1,755$1,303$956$694$273
27 years$2,220$1,651$1,210$875$626$235
28 years$2,117$1,556$1,125$801$564$203
29 years$2,022$1,468$1,047$735$510$175
30 years$1,934$1,386$975$674$461$151
31 years$1,851$1,311$909$619$416$131
32 years$1,774$1,240$848$569$377$113
33 years$1,701$1,174$792$523$341$97
34 years$1,633$1,113$740$482$309$84
35 years$1,569$1,056$692$443$280$73
36 years$1,509$1,002$647$408$253$63
37 years$1,452$952$606$376$230$54
38 years$1,398$904$567$347$208$47
39 years$1,347$860$531$320$189$41
40 years$1,299$818$498$295$171$35
41 years$1,253$779$467$272$155$30
42 years$1,209$742$438$251$141$26
43 years$1,168$707$411$232$128$23
44 years$1,129$674$386$214$116$20
45 years$1,091$642$362$198$105$17
46 years$1,055$613$340$183$96$15
47 years$1,021$585$320$169$87$13
48 years$989$558$300$156$79$11
49 years$957$533$282$144$72$10
50 years$928$509$265$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $950,000, adding $6,452 every year, while hoping to spend $27,104 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: 47/34/19 Blend
29$950,000$950,000$950,000$950,000
30$1,053,555$1,003,205$988,480$1,097,112
31$1,132,179$1,023,524$992,756$1,148,440
32$1,217,915$1,043,930$996,266$1,200,878
33$1,311,458$1,064,398$998,957$1,257,223
34$1,413,577$1,084,903$1,000,772$1,317,852
35$1,525,114$1,105,416$1,001,650$1,383,181
36$1,647,000$1,125,906$1,001,530$1,453,668
37$1,780,257$1,146,339$1,000,345$1,529,817
38$1,926,013$1,166,678$998,025$1,612,187
39$2,085,507$1,186,886$994,500$1,701,390
40$2,260,104$1,206,920$989,692$1,798,105
41$2,451,311$1,226,734$983,522$1,903,079
42$2,660,781$1,246,281$975,907$2,017,136
43$2,890,340$1,265,508$966,758$2,141,185
44$3,141,995$1,284,359$955,986$2,276,229
45$3,417,960$1,302,774$943,493$2,423,374
46$3,720,671$1,320,689$929,179$2,583,838
47$4,052,812$1,338,035$912,939$2,758,968
48$4,417,339$1,354,739$894,663$2,950,246
49$4,817,510$1,370,723$874,236$3,159,309
50$5,256,909$1,385,902$851,536$3,387,961
51$5,739,491$1,400,188$826,439$3,638,192
52$6,269,606$1,413,484$798,812$3,912,197
53$6,852,050$1,425,690$768,517$4,212,396
54$7,492,107$1,436,696$735,410$4,541,459
55$8,195,596$1,446,388$699,340$4,902,330
56$8,968,928$1,454,643$660,149$5,298,253
57$9,819,168$1,461,329$617,673$5,732,810
58$10,754,097$1,466,309$571,740$6,209,949
59$11,782,291$1,469,433$522,169$6,734,021
60$12,913,195$1,470,547$468,772$7,309,827
61$14,157,219$1,469,481$411,354$7,942,660
62$15,525,830$1,466,060$349,709$8,638,357
63$17,031,663$1,460,096$283,623$9,403,352
64$18,688,641$1,451,388$212,872$10,244,743
65$20,512,102$1,439,726$137,223$11,170,351
66$22,518,949$1,424,885$56,433$12,188,805
67$24,727,804$1,406,627$0$13,309,614
68$27,159,189$1,384,700$0$14,549,305
69$29,835,712$1,358,837$0$15,926,000
70$32,782,289$1,328,755$0$17,441,051
71$36,026,372$1,294,153$0$19,108,568
72$39,598,211$1,254,715$0$20,944,106
73$43,531,137$1,210,105$0$22,964,809
74$47,861,880$1,159,967$0$25,189,573
75$52,630,911$1,103,925$0$27,639,225
76$57,882,828$1,041,581$0$30,336,721
77$63,666,773$972,515$0$33,307,365
78$70,036,897$896,281$0$36,579,043
79$77,052,871$812,409$0$40,182,493
80$84,780,449$720,403$0$44,151,595
81$93,292,088$619,735$0$48,523,689
82$102,667,631$509,853$0$53,339,929
83$112,995,061$390,168$0$58,645,678
84$124,371,333$260,061$0$64,490,929
85$136,903,283$118,878$0$70,930,783
86$150,708,644$0$0$78,025,973
87$165,917,150$0$0$85,856,179
88$182,671,765$0$0$94,531,577
89$201,130,029$0$0$104,089,286
90$221,465,547$0$0$114,619,218
91$243,869,626$0$0$126,220,457
92$268,553,081$0$0$139,002,190
93$295,748,224$0$0$153,084,738
94$325,711,057$0$0$168,600,693
95$358,723,690$0$0$185,696,166
96$395,096,999$0$0$204,532,170
97$435,173,566$0$0$225,286,140
98$479,330,908$0$0$248,153,602
99$527,985,042$0$0$273,350,027
100$581,594,414$0$0$301,112,856