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%17.7%
1 years$78,533$77,833$77,151$76,485$75,834$73,465
2 years$38,878$38,154$37,452$36,771$36,111$33,746
3 years$25,661$24,934$24,234$23,560$22,911$20,623
4 years$19,054$18,329$17,636$16,974$16,340$14,147
5 years$15,091$14,370$13,686$13,037$12,421$10,330
6 years$12,449$11,734$11,061$10,426$9,829$7,840
7 years$10,564$9,854$9,191$8,572$7,993$6,107
8 years$9,150$8,447$7,795$7,191$6,631$4,846
9 years$8,051$7,355$6,714$6,125$5,584$3,899
10 years$7,172$6,483$5,853$5,280$4,758$3,170
11 years$6,454$5,771$5,153$4,595$4,092$2,598
12 years$5,855$5,180$4,573$4,030$3,546$2,143
13 years$5,350$4,681$4,086$3,558$3,092$1,777
14 years$4,916$4,255$3,671$3,159$2,711$1,479
15 years$4,541$3,887$3,315$2,817$2,387$1,235
16 years$4,213$3,566$3,005$2,522$2,109$1,035
17 years$3,924$3,284$2,735$2,266$1,870$869
18 years$3,668$3,035$2,496$2,042$1,663$731
19 years$3,438$2,813$2,285$1,845$1,482$616
20 years$3,232$2,614$2,097$1,671$1,324$519
21 years$3,046$2,435$1,929$1,517$1,185$439
22 years$2,877$2,273$1,778$1,379$1,062$371
23 years$2,723$2,126$1,642$1,256$953$314
24 years$2,581$1,992$1,518$1,146$857$266
25 years$2,452$1,869$1,406$1,046$771$225
26 years$2,332$1,756$1,304$957$695$191
27 years$2,222$1,653$1,211$876$626$162
28 years$2,120$1,558$1,126$802$565$137
29 years$2,024$1,469$1,048$736$510$116
30 years$1,936$1,388$976$675$461$99
31 years$1,853$1,312$910$620$417$84
32 years$1,776$1,241$849$570$377$71
33 years$1,703$1,176$793$524$341$60
34 years$1,635$1,114$741$482$309$51
35 years$1,571$1,057$692$444$280$43
36 years$1,510$1,003$648$409$254$37
37 years$1,453$953$606$377$230$31
38 years$1,399$905$568$347$208$27
39 years$1,348$861$532$320$189$23
40 years$1,300$819$499$295$171$19
41 years$1,254$780$467$272$155$16
42 years$1,211$743$438$251$141$14
43 years$1,169$707$411$232$128$12
44 years$1,130$674$386$214$116$10
45 years$1,092$643$363$198$105$8
46 years$1,057$613$341$183$96$7
47 years$1,022$585$320$169$87$6
48 years$990$559$301$156$79$5
49 years$958$534$283$144$72$4
50 years$929$510$266$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $951,000, adding $3,932 every year, while hoping to spend $24,775 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: 86/6/8 Blend
29$951,000$951,000$951,000$951,000
30$1,052,058$1,001,655$986,914$1,141,320
31$1,133,007$1,024,376$993,616$1,222,861
32$1,221,383$1,047,379$999,711$1,308,646
33$1,317,917$1,070,653$1,005,154$1,402,127
34$1,423,414$1,094,185$1,009,896$1,504,064
35$1,538,760$1,117,958$1,013,885$1,615,291
36$1,664,932$1,141,956$1,017,068$1,736,728
37$1,803,003$1,166,160$1,019,388$1,869,387
38$1,954,157$1,190,550$1,020,786$2,014,383
39$2,119,698$1,215,103$1,021,199$2,172,944
40$2,301,059$1,239,795$1,020,561$2,346,425
41$2,499,822$1,264,600$1,018,804$2,536,315
42$2,717,726$1,289,487$1,015,857$2,744,255
43$2,956,688$1,314,426$1,011,642$2,972,055
44$3,218,819$1,339,383$1,006,082$3,221,705
45$3,506,446$1,364,319$999,092$3,495,402
46$3,822,128$1,389,196$990,587$3,795,563
47$4,168,688$1,413,969$980,474$4,124,851
48$4,549,233$1,438,593$968,659$4,486,202
49$4,967,187$1,463,016$955,041$4,882,848
50$5,426,321$1,487,185$939,516$5,318,351
51$5,930,790$1,511,041$921,974$5,796,638
52$6,485,171$1,534,522$902,300$6,322,031
53$7,094,506$1,557,561$880,375$6,899,295
54$7,764,350$1,580,086$856,072$7,533,682
55$8,500,824$1,602,021$829,261$8,230,975
56$9,310,670$1,623,282$799,803$8,997,548
57$10,201,318$1,643,782$767,556$9,840,425
58$11,180,952$1,663,427$732,368$10,767,345
59$12,258,590$1,682,116$694,084$11,786,834
60$13,444,169$1,699,742$652,538$12,908,289
61$14,748,635$1,716,190$607,559$14,142,065
62$16,184,051$1,731,339$558,968$15,499,570
63$17,763,709$1,745,059$506,577$16,993,378
64$19,502,251$1,757,210$450,191$18,637,341
65$21,415,813$1,767,647$389,606$20,446,726
66$23,522,176$1,776,211$324,607$22,438,355
67$25,840,929$1,782,736$254,972$24,630,766
68$28,393,658$1,787,045$180,469$27,044,387
69$31,204,151$1,788,950$100,854$29,701,728
70$34,298,615$1,788,249$15,873$32,627,595
71$37,705,931$1,784,730$0$35,849,324
72$41,457,922$1,778,169$0$39,403,422
73$45,589,655$1,768,324$0$43,318,560
74$50,139,770$1,754,942$0$47,629,985
75$55,150,846$1,737,753$0$52,378,034
76$60,669,802$1,716,472$0$57,607,154
77$66,748,338$1,690,796$0$63,366,324
78$73,443,427$1,660,404$0$69,709,517
79$80,817,847$1,624,955$0$76,696,210
80$88,940,780$1,584,089$0$84,391,943
81$97,888,456$1,537,426$0$92,868,938
82$107,744,880$1,484,561$0$102,206,782
83$118,602,621$1,425,068$0$112,493,179
84$130,563,686$1,358,494$0$123,824,774
85$143,740,483$1,284,362$0$136,308,068
86$158,256,881$1,202,164$0$150,060,423
87$174,249,380$1,111,368$0$165,211,168
88$191,868,399$1,011,407$0$181,902,823
89$211,279,693$901,683$0$200,292,441
90$232,665,922$781,566$0$220,553,091
91$256,228,371$650,388$0$242,875,494
92$282,188,852$507,443$0$267,469,820
93$310,791,794$351,987$0$294,567,675
94$342,306,557$183,234$0$324,424,286
95$377,029,966$354$0$357,320,907
96$415,289,120$0$0$393,567,482
97$457,444,473$0$0$433,518,604
98$503,893,242$0$0$477,538,695
99$555,073,153$0$0$526,042,573
100$611,466,573$0$0$579,487,387