Can I retire at age 30 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$78,533$77,833$77,151$76,485$75,834$74,918
2 years$38,878$38,154$37,452$36,771$36,111$35,189
3 years$25,661$24,934$24,234$23,560$22,911$22,011
4 years$19,054$18,329$17,636$16,974$16,340$15,470
5 years$15,091$14,370$13,686$13,037$12,421$11,584
6 years$12,449$11,734$11,061$10,426$9,829$9,024
7 years$10,564$9,854$9,191$8,572$7,993$7,223
8 years$9,150$8,447$7,795$7,191$6,631$5,894
9 years$8,051$7,355$6,714$6,125$5,584$4,880
10 years$7,172$6,483$5,853$5,280$4,758$4,087
11 years$6,454$5,771$5,153$4,595$4,092$3,453
12 years$5,855$5,180$4,573$4,030$3,546$2,939
13 years$5,350$4,681$4,086$3,558$3,092$2,515
14 years$4,916$4,255$3,671$3,159$2,711$2,164
15 years$4,541$3,887$3,315$2,817$2,387$1,869
16 years$4,213$3,566$3,005$2,522$2,109$1,619
17 years$3,924$3,284$2,735$2,266$1,870$1,407
18 years$3,668$3,035$2,496$2,042$1,663$1,226
19 years$3,438$2,813$2,285$1,845$1,482$1,071
20 years$3,232$2,614$2,097$1,671$1,324$936
21 years$3,046$2,435$1,929$1,517$1,185$820
22 years$2,877$2,273$1,778$1,379$1,062$720
23 years$2,723$2,126$1,642$1,256$953$632
24 years$2,581$1,992$1,518$1,146$857$556
25 years$2,452$1,869$1,406$1,046$771$489
26 years$2,332$1,756$1,304$957$695$431
27 years$2,222$1,653$1,211$876$626$379
28 years$2,120$1,558$1,126$802$565$335
29 years$2,024$1,469$1,048$736$510$295
30 years$1,936$1,388$976$675$461$261
31 years$1,853$1,312$910$620$417$230
32 years$1,776$1,241$849$570$377$203
33 years$1,703$1,176$793$524$341$180
34 years$1,635$1,114$741$482$309$159
35 years$1,571$1,057$692$444$280$140
36 years$1,510$1,003$648$409$254$124
37 years$1,453$953$606$377$230$110
38 years$1,399$905$568$347$208$97
39 years$1,348$861$532$320$189$86
40 years$1,300$819$499$295$171$76
41 years$1,254$780$467$272$155$67
42 years$1,211$743$438$251$141$60
43 years$1,169$707$411$232$128$53
44 years$1,130$674$386$214$116$47
45 years$1,092$643$363$198$105$41
46 years$1,057$613$341$183$96$37
47 years$1,022$585$320$169$87$32
48 years$990$559$301$156$79$29
49 years$958$534$283$144$72$25
50 years$929$510$266$133$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $951,000, adding $2,098 every year, while hoping to spend $23,126 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: 29/42/29 Blend
29$951,000$951,000$951,000$951,000
30$1,050,166$999,763$985,023$1,071,184
31$1,132,677$1,024,146$993,415$1,112,414
32$1,222,829$1,048,948$1,001,313$1,154,566
33$1,321,377$1,074,166$1,008,677$1,199,425
34$1,429,153$1,099,795$1,015,462$1,247,242
35$1,547,070$1,125,829$1,021,625$1,298,295
36$1,676,138$1,152,261$1,027,116$1,352,886
37$1,817,466$1,179,084$1,031,886$1,411,353
38$1,972,276$1,206,287$1,035,882$1,474,065
39$2,141,913$1,233,860$1,039,049$1,541,433
40$2,327,860$1,261,791$1,041,329$1,613,906
41$2,531,748$1,290,065$1,042,660$1,691,983
42$2,755,377$1,318,669$1,042,980$1,776,211
43$3,000,725$1,347,583$1,042,219$1,867,196
44$3,269,974$1,376,790$1,040,309$1,965,606
45$3,565,527$1,406,268$1,037,175$2,072,176
46$3,890,029$1,435,994$1,032,739$2,187,719
47$4,246,397$1,465,942$1,026,920$2,313,132
48$4,637,841$1,496,085$1,019,633$2,449,402
49$5,067,899$1,526,392$1,010,789$2,597,620
50$5,540,469$1,556,829$1,000,295$2,758,990
51$6,059,843$1,587,360$988,051$2,934,837
52$6,630,752$1,617,946$973,956$3,126,625
53$7,258,408$1,648,544$957,902$3,335,970
54$7,948,551$1,679,108$939,777$3,564,651
55$8,707,506$1,709,587$919,463$3,814,633
56$9,542,244$1,739,929$896,837$4,088,083
57$10,460,442$1,770,075$871,770$4,387,390
58$11,470,560$1,799,961$844,128$4,715,190
59$12,581,919$1,829,521$813,768$5,074,390
60$13,804,790$1,858,683$780,544$5,468,196
61$15,150,488$1,887,368$744,303$5,900,144
62$16,631,483$1,915,494$704,881$6,374,134
63$18,261,511$1,942,971$662,112$6,894,467
64$20,055,712$1,969,703$615,819$7,465,886
65$22,030,764$1,995,587$565,819$8,093,621
66$24,205,046$2,020,516$511,918$8,783,439
67$26,598,810$2,044,371$453,917$9,541,702
68$29,234,371$2,067,027$391,605$10,375,423
69$32,136,318$2,088,352$324,765$11,292,335
70$35,331,744$2,108,203$253,166$12,300,967
71$38,850,506$2,126,429$176,571$13,410,721
72$42,725,501$2,142,868$94,730$14,631,967
73$46,992,982$2,157,348$7,383$15,976,134
74$51,692,894$2,169,686$0$17,455,828
75$56,869,256$2,179,687$0$19,111,504
76$62,570,573$2,187,145$0$20,936,089
77$68,850,295$2,191,839$0$22,944,280
78$75,767,321$2,193,535$0$25,154,796
79$83,386,554$2,191,984$0$27,588,268
80$91,779,514$2,186,922$0$30,267,437
81$101,025,013$2,178,070$0$33,217,363
82$111,209,898$2,165,130$0$36,465,672
83$122,429,873$2,147,786$0$40,042,806
84$134,790,396$2,125,704$0$43,982,320
85$148,407,682$2,098,529$0$48,321,198
86$163,409,795$2,065,886$0$53,100,199
87$179,937,856$2,027,376$0$58,364,246
88$198,147,377$1,982,577$0$64,162,852
89$218,209,728$1,931,043$0$70,550,584
90$240,313,756$1,872,300$0$77,587,585
91$264,667,565$1,805,848$0$85,340,139
92$291,500,478$1,731,156$0$93,881,299
93$321,065,208$1,647,664$0$103,291,578
94$353,640,239$1,554,780$0$113,659,711
95$389,532,454$1,451,874$0$125,083,496
96$429,080,034$1,338,285$0$137,670,713
97$472,655,648$1,213,312$0$151,540,151
98$520,669,972$1,076,212$0$166,822,726
99$573,575,565$926,203$0$183,662,720
100$631,871,143$762,457$0$202,219,146