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%13%
1 years$78,533$77,833$77,151$76,485$75,834$74,886
2 years$38,878$38,154$37,452$36,771$36,111$35,158
3 years$25,661$24,934$24,234$23,560$22,911$21,981
4 years$19,054$18,329$17,636$16,974$16,340$15,441
5 years$15,091$14,370$13,686$13,037$12,421$11,556
6 years$12,449$11,734$11,061$10,426$9,829$8,998
7 years$10,564$9,854$9,191$8,572$7,993$7,197
8 years$9,150$8,447$7,795$7,191$6,631$5,870
9 years$8,051$7,355$6,714$6,125$5,584$4,858
10 years$7,172$6,483$5,853$5,280$4,758$4,066
11 years$6,454$5,771$5,153$4,595$4,092$3,433
12 years$5,855$5,180$4,573$4,030$3,546$2,920
13 years$5,350$4,681$4,086$3,558$3,092$2,497
14 years$4,916$4,255$3,671$3,159$2,711$2,147
15 years$4,541$3,887$3,315$2,817$2,387$1,853
16 years$4,213$3,566$3,005$2,522$2,109$1,605
17 years$3,924$3,284$2,735$2,266$1,870$1,394
18 years$3,668$3,035$2,496$2,042$1,663$1,213
19 years$3,438$2,813$2,285$1,845$1,482$1,058
20 years$3,232$2,614$2,097$1,671$1,324$925
21 years$3,046$2,435$1,929$1,517$1,185$810
22 years$2,877$2,273$1,778$1,379$1,062$710
23 years$2,723$2,126$1,642$1,256$953$623
24 years$2,581$1,992$1,518$1,146$857$547
25 years$2,452$1,869$1,406$1,046$771$481
26 years$2,332$1,756$1,304$957$695$423
27 years$2,222$1,653$1,211$876$626$373
28 years$2,120$1,558$1,126$802$565$329
29 years$2,024$1,469$1,048$736$510$290
30 years$1,936$1,388$976$675$461$255
31 years$1,853$1,312$910$620$417$225
32 years$1,776$1,241$849$570$377$199
33 years$1,703$1,176$793$524$341$176
34 years$1,635$1,114$741$482$309$155
35 years$1,571$1,057$692$444$280$137
36 years$1,510$1,003$648$409$254$121
37 years$1,453$953$606$377$230$107
38 years$1,399$905$568$347$208$95
39 years$1,348$861$532$320$189$84
40 years$1,300$819$499$295$171$74
41 years$1,254$780$467$272$155$65
42 years$1,211$743$438$251$141$58
43 years$1,169$707$411$232$128$51
44 years$1,130$674$386$214$116$45
45 years$1,092$643$363$198$105$40
46 years$1,057$613$341$183$96$35
47 years$1,022$585$320$169$87$31
48 years$990$559$301$156$79$28
49 years$958$534$283$144$72$24
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 $6,298 every year, while hoping to spend $37,262 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: 42/36/22 Blend
29$951,000$951,000$951,000$951,000
30$1,054,498$1,004,095$989,355$1,091,759
31$1,122,411$1,013,650$982,852$1,128,452
32$1,196,001$1,022,423$974,882$1,164,099
33$1,275,810$1,030,338$965,357$1,201,948
34$1,362,430$1,037,312$954,184$1,242,223
35$1,456,515$1,043,258$941,266$1,285,170
36$1,558,783$1,048,081$926,502$1,331,064
37$1,670,024$1,051,682$909,785$1,380,209
38$1,791,107$1,053,955$891,003$1,432,941
39$1,922,988$1,054,787$870,041$1,489,634
40$2,066,721$1,054,060$846,775$1,550,704
41$2,223,464$1,051,646$821,080$1,616,609
42$2,394,492$1,047,412$792,820$1,687,859
43$2,581,208$1,041,213$761,858$1,765,016
44$2,785,157$1,032,898$728,046$1,848,707
45$3,008,040$1,022,307$691,232$1,939,623
46$3,251,729$1,009,269$651,257$2,038,530
47$3,518,286$993,603$607,955$2,146,277
48$3,809,980$975,119$561,150$2,263,801
49$4,129,311$953,613$510,662$2,392,143
50$4,479,032$928,870$456,300$2,532,452
51$4,862,172$900,664$397,865$2,685,999
52$5,282,071$868,754$335,151$2,854,193
53$5,742,404$832,885$267,940$3,038,588
54$6,247,220$792,787$196,007$3,240,907
55$6,800,979$748,176$119,115$3,463,052
56$7,408,592$698,750$37,019$3,707,127
57$8,075,470$644,190$0$3,975,457
58$8,807,573$584,160$0$4,282,488
59$9,611,465$518,303$0$4,629,231
60$10,494,377$446,243$0$5,010,191
61$11,464,277$367,583$0$5,428,904
62$12,529,940$281,901$0$5,889,273
63$13,701,034$188,754$0$6,395,606
64$14,988,211$87,674$0$6,952,653
65$16,403,204$0$0$7,565,660
66$17,958,942$0$0$8,249,060
67$19,669,667$0$0$9,038,866
68$21,551,072$0$0$9,907,606
69$23,620,446$0$0$10,863,282
70$25,896,837$0$0$11,914,707
71$28,401,235$0$0$13,071,594
72$31,156,763$0$0$14,344,643
73$34,188,901$0$0$15,745,645
74$37,525,722$0$0$17,287,592
75$41,198,161$0$0$18,984,797
76$45,240,299$0$0$20,853,035
77$49,689,694$0$0$22,909,684
78$54,587,725$0$0$25,173,895
79$59,979,991$0$0$27,666,770
80$65,916,734$0$0$30,411,559
81$72,453,316$0$0$33,433,884
82$79,650,742$0$0$36,761,978
83$87,576,231$0$0$40,426,949
84$96,303,856$0$0$44,463,078
85$105,915,236$0$0$48,908,137
86$116,500,310$0$0$53,803,753
87$128,158,187$0$0$59,195,791
88$140,998,075$0$0$65,134,795
89$155,140,315$0$0$71,676,460
90$170,717,518$0$0$78,882,159
91$187,875,811$0$0$86,819,522
92$206,776,221$0$0$95,563,075
93$227,596,191$0$0$105,194,941
94$250,531,255$0$0$115,805,617
95$275,796,884$0$0$127,494,827
96$303,630,517$0$0$140,372,463
97$334,293,804$0$0$154,559,623
98$368,075,076$0$0$170,189,751
99$405,292,061$0$0$187,409,902
100$446,294,889$0$0$206,382,124