Can I retire at age 30 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$78,615$77,915$77,232$76,565$75,914$73,162
2 years$38,918$38,194$37,491$36,810$36,149$33,407
3 years$25,688$24,960$24,259$23,585$22,935$20,288
4 years$19,074$18,348$17,655$16,991$16,357$13,827
5 years$15,107$14,385$13,701$13,051$12,434$10,027
6 years$12,463$11,747$11,072$10,437$9,839$7,556
7 years$10,575$9,865$9,201$8,581$8,002$5,842
8 years$9,159$8,456$7,803$7,198$6,638$4,601
9 years$8,059$7,362$6,721$6,131$5,590$3,672
10 years$7,180$6,490$5,859$5,285$4,763$2,961
11 years$6,460$5,777$5,159$4,600$4,097$2,406
12 years$5,862$5,185$4,578$4,035$3,550$1,968
13 years$5,355$4,686$4,090$3,562$3,096$1,617
14 years$4,921$4,260$3,675$3,162$2,714$1,334
15 years$4,546$3,891$3,318$2,820$2,389$1,104
16 years$4,218$3,570$3,008$2,525$2,112$916
17 years$3,928$3,288$2,737$2,269$1,872$762
18 years$3,671$3,038$2,499$2,044$1,665$635
19 years$3,442$2,816$2,288$1,847$1,484$530
20 years$3,236$2,617$2,100$1,673$1,325$442
21 years$3,049$2,437$1,931$1,518$1,186$370
22 years$2,880$2,275$1,780$1,381$1,063$309
23 years$2,725$2,128$1,643$1,257$954$259
24 years$2,584$1,994$1,520$1,147$858$217
25 years$2,454$1,871$1,408$1,047$772$182
26 years$2,335$1,758$1,306$958$695$153
27 years$2,224$1,655$1,212$877$627$128
28 years$2,122$1,559$1,127$803$566$107
29 years$2,027$1,471$1,049$736$511$90
30 years$1,938$1,389$977$676$461$76
31 years$1,855$1,313$911$621$417$64
32 years$1,778$1,243$850$570$377$53
33 years$1,705$1,177$793$525$342$45
34 years$1,637$1,115$741$483$309$38
35 years$1,572$1,058$693$444$280$32
36 years$1,512$1,004$648$409$254$27
37 years$1,455$954$607$377$230$22
38 years$1,401$906$568$348$209$19
39 years$1,350$862$532$320$189$16
40 years$1,302$820$499$296$172$13
41 years$1,256$781$468$273$156$11
42 years$1,212$743$439$252$141$9
43 years$1,171$708$412$232$128$8
44 years$1,131$675$387$214$116$7
45 years$1,094$644$363$198$106$6
46 years$1,058$614$341$183$96$5
47 years$1,023$586$320$169$87$4
48 years$991$559$301$156$79$3
49 years$959$534$283$144$72$3
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $952,000, adding $5,171 every year, while hoping to spend $38,188 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: 44/43/13 Blend
29$952,000$952,000$952,000$952,000
30$1,054,438$1,003,982$989,226$1,096,674
31$1,121,359$1,012,545$981,733$1,135,211
32$1,193,826$1,020,248$972,710$1,172,701
33$1,272,364$1,027,009$962,064$1,212,494
34$1,357,552$1,032,738$949,699$1,254,819
35$1,450,024$1,037,344$935,516$1,299,927
36$1,550,479$1,040,727$919,408$1,348,100
37$1,659,686$1,042,781$901,266$1,399,646
38$1,778,490$1,043,393$880,975$1,454,910
39$1,907,822$1,042,446$858,414$1,514,274
40$2,048,706$1,039,811$833,457$1,578,160
41$2,202,268$1,035,356$805,972$1,647,035
42$2,369,748$1,028,937$775,820$1,721,419
43$2,552,510$1,020,403$742,858$1,801,886
44$2,752,058$1,009,594$706,936$1,889,071
45$2,970,043$996,340$667,894$1,983,679
46$3,208,288$980,461$625,568$2,086,488
47$3,468,795$961,766$579,787$2,198,362
48$3,753,772$940,052$530,369$2,320,256
49$4,065,648$915,106$477,128$2,453,225
50$4,407,099$886,701$419,866$2,598,439
51$4,781,070$854,596$358,379$2,757,190
52$5,190,807$818,539$292,452$2,930,908
53$5,639,882$778,260$221,862$3,121,175
54$6,132,230$733,475$146,375$3,329,740
55$6,672,185$683,883$65,747$3,558,535
56$7,264,522$629,168$0$3,809,699
57$7,914,499$568,992$0$4,088,409
58$8,627,906$503,001$0$4,404,375
59$9,411,124$430,819$0$4,751,393
60$10,271,180$352,051$0$5,132,692
61$11,215,815$266,276$0$5,551,835
62$12,253,558$173,054$0$6,012,758
63$13,393,803$71,915$0$6,519,805
64$14,646,900$0$0$7,077,772
65$16,024,252$0$0$7,709,759
66$17,538,419$0$0$8,442,056
67$19,203,242$0$0$9,247,344
68$21,033,967$0$0$10,133,012
69$23,047,395$0$0$11,107,206
70$25,262,033$0$0$12,178,897
71$27,698,274$0$0$13,357,971
72$30,378,586$0$0$14,655,322
73$33,327,725$0$0$16,082,949
74$36,572,968$0$0$17,654,077
75$40,144,368$0$0$19,383,276
76$44,075,042$0$0$21,286,600
77$48,401,477$0$0$23,381,740
78$53,163,878$0$0$25,688,187
79$58,406,546$0$0$28,227,419
80$64,178,294$0$0$31,023,103
81$70,532,910$0$0$34,101,316
82$77,529,662$0$0$37,490,793
83$85,233,859$0$0$41,223,197
84$93,717,463$0$0$45,333,420
85$103,059,772$0$0$49,859,907
86$113,348,166$0$0$54,845,024
87$124,678,928$0$0$60,335,455
88$137,158,160$0$0$66,382,640
89$150,902,775$0$0$73,043,267
90$166,041,608$0$0$80,379,801
91$182,716,624$0$0$88,461,073
92$201,084,264$0$0$97,362,935
93$221,316,914$0$0$107,168,971
94$243,604,540$0$0$117,971,285
95$268,156,472$0$0$129,871,374
96$295,203,387$0$0$142,981,083
97$324,999,477$0$0$157,423,661
98$357,824,857$0$0$173,334,926
99$393,988,202$0$0$190,864,542
100$433,829,662$0$0$210,177,437