Can I retire at age 30 with 951,000?

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 $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%14.1%
1 years$78,533$77,833$77,151$76,485$75,834$74,547
2 years$38,878$38,154$37,452$36,771$36,111$34,819
3 years$25,661$24,934$24,234$23,560$22,911$21,653
4 years$19,054$18,329$17,636$16,974$16,340$15,126
5 years$15,091$14,370$13,686$13,037$12,421$11,255
6 years$12,449$11,734$11,061$10,426$9,829$8,712
7 years$10,564$9,854$9,191$8,572$7,993$6,926
8 years$9,150$8,447$7,795$7,191$6,631$5,613
9 years$8,051$7,355$6,714$6,125$5,584$4,615
10 years$7,172$6,483$5,853$5,280$4,758$3,836
11 years$6,454$5,771$5,153$4,595$4,092$3,217
12 years$5,855$5,180$4,573$4,030$3,546$2,717
13 years$5,350$4,681$4,086$3,558$3,092$2,307
14 years$4,916$4,255$3,671$3,159$2,711$1,969
15 years$4,541$3,887$3,315$2,817$2,387$1,687
16 years$4,213$3,566$3,005$2,522$2,109$1,449
17 years$3,924$3,284$2,735$2,266$1,870$1,249
18 years$3,668$3,035$2,496$2,042$1,663$1,079
19 years$3,438$2,813$2,285$1,845$1,482$934
20 years$3,232$2,614$2,097$1,671$1,324$809
21 years$3,046$2,435$1,929$1,517$1,185$703
22 years$2,877$2,273$1,778$1,379$1,062$611
23 years$2,723$2,126$1,642$1,256$953$531
24 years$2,581$1,992$1,518$1,146$857$463
25 years$2,452$1,869$1,406$1,046$771$404
26 years$2,332$1,756$1,304$957$695$352
27 years$2,222$1,653$1,211$876$626$307
28 years$2,120$1,558$1,126$802$565$268
29 years$2,024$1,469$1,048$736$510$234
30 years$1,936$1,388$976$675$461$205
31 years$1,853$1,312$910$620$417$179
32 years$1,776$1,241$849$570$377$157
33 years$1,703$1,176$793$524$341$137
34 years$1,635$1,114$741$482$309$120
35 years$1,571$1,057$692$444$280$105
36 years$1,510$1,003$648$409$254$92
37 years$1,453$953$606$377$230$80
38 years$1,399$905$568$347$208$70
39 years$1,348$861$532$320$189$62
40 years$1,300$819$499$295$171$54
41 years$1,254$780$467$272$155$47
42 years$1,211$743$438$251$141$41
43 years$1,169$707$411$232$128$36
44 years$1,130$674$386$214$116$32
45 years$1,092$643$363$198$105$28
46 years$1,057$613$341$183$96$24
47 years$1,022$585$320$169$87$21
48 years$990$559$301$156$79$19
49 years$958$534$283$144$72$16
50 years$929$510$266$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $951,000, adding $6,375 every year, while hoping to spend $23,516 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: 39/33/28 Blend
29$951,000$951,000$951,000$951,000
30$1,054,578$1,004,175$989,434$1,086,745
31$1,137,124$1,028,359$997,560$1,135,008
32$1,227,302$1,052,939$1,005,169$1,184,527
33$1,325,864$1,077,911$1,012,220$1,237,626
34$1,433,642$1,103,268$1,018,669$1,294,645
35$1,551,548$1,129,003$1,024,469$1,355,962
36$1,680,588$1,155,106$1,029,570$1,421,992
37$1,821,870$1,181,568$1,033,923$1,493,192
38$1,976,613$1,208,377$1,037,472$1,570,067
39$2,146,160$1,235,521$1,040,160$1,653,174
40$2,331,992$1,262,985$1,041,929$1,743,125
41$2,535,736$1,290,752$1,042,714$1,840,598
42$2,759,188$1,318,805$1,042,452$1,946,338
43$3,004,323$1,347,125$1,041,072$2,061,169
44$3,273,318$1,375,688$1,038,502$2,185,996
45$3,568,571$1,404,471$1,034,666$2,321,822
46$3,892,723$1,433,449$1,029,486$2,469,747
47$4,248,684$1,462,591$1,022,877$2,630,989
48$4,639,659$1,491,866$1,014,752$2,806,890
49$5,069,177$1,521,241$1,005,019$2,998,928
50$5,541,129$1,550,677$993,583$3,208,734
51$6,059,799$1,580,135$980,343$3,438,107
52$6,629,908$1,609,572$965,194$3,689,030
53$7,256,656$1,638,938$948,025$3,963,690
54$7,945,773$1,668,185$928,723$4,264,500
55$8,703,572$1,697,256$907,165$4,594,117
56$9,537,007$1,726,092$883,226$4,955,474
57$10,453,742$1,754,630$856,773$5,351,804
58$11,462,218$1,782,801$827,670$5,786,672
59$12,571,737$1,810,532$795,770$6,264,008
60$13,792,549$1,837,743$760,923$6,788,147
61$15,135,947$1,864,350$722,972$7,363,868
62$16,614,373$1,890,263$681,751$7,996,438
63$18,241,537$1,915,383$637,087$8,691,666
64$20,032,545$1,939,609$588,801$9,455,958
65$22,004,043$1,962,828$536,704$10,296,373
66$24,174,372$1,984,922$480,600$11,220,698
67$26,563,740$2,005,766$420,282$12,237,514
68$29,194,416$2,025,223$355,537$13,356,283
69$32,090,939$2,043,151$286,139$14,587,436
70$35,280,346$2,059,397$211,856$15,942,474
71$38,792,430$2,073,796$132,442$17,434,074
72$42,660,022$2,086,176$47,643$19,076,212
73$46,919,297$2,096,352$0$20,884,295
74$51,610,119$2,104,126$0$22,888,109
75$56,776,413$2,109,291$0$25,109,597
76$62,466,585$2,111,624$0$27,555,236
77$68,733,972$2,110,889$0$30,247,866
78$75,637,351$2,106,836$0$33,212,661
79$83,241,488$2,099,198$0$36,477,365
80$91,617,754$2,087,693$0$40,072,552
81$100,844,797$2,072,023$0$44,031,918
82$111,009,283$2,051,868$0$48,392,601
83$122,206,713$2,026,892$0$53,195,528
84$134,542,327$1,996,740$0$58,485,805
85$148,132,095$1,961,031$0$64,313,140
86$163,103,813$1,919,366$0$70,732,319
87$179,598,307$1,871,320$0$77,803,719
88$197,770,763$1,816,443$0$85,593,878
89$217,792,193$1,754,261$0$94,176,128
90$239,851,046$1,684,269$0$103,631,285
91$264,154,990$1,605,936$0$114,048,417
92$290,932,869$1,518,696$0$125,525,679
93$320,436,865$1,421,956$0$138,171,246
94$352,944,877$1,315,083$0$152,104,336
95$388,763,145$1,197,413$0$167,456,331
96$428,229,139$1,068,240$0$184,372,025
97$471,714,748$926,820$0$203,010,989
98$519,629,786$772,368$0$223,549,080
99$572,425,862$604,051$0$246,180,101
100$630,600,643$420,993$0$271,117,634