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%11.4%
1 years$78,615$77,915$77,232$76,565$75,914$75,467
2 years$38,918$38,194$37,491$36,810$36,149$35,699
3 years$25,688$24,960$24,259$23,585$22,935$22,494
4 years$19,074$18,348$17,655$16,991$16,357$15,930
5 years$15,107$14,385$13,701$13,051$12,434$12,022
6 years$12,463$11,747$11,072$10,437$9,839$9,441
7 years$10,575$9,865$9,201$8,581$8,002$7,620
8 years$9,159$8,456$7,803$7,198$6,638$6,271
9 years$8,059$7,362$6,721$6,131$5,590$5,239
10 years$7,180$6,490$5,859$5,285$4,763$4,427
11 years$6,460$5,777$5,159$4,600$4,097$3,775
12 years$5,862$5,185$4,578$4,035$3,550$3,243
13 years$5,355$4,686$4,090$3,562$3,096$2,803
14 years$4,921$4,260$3,675$3,162$2,714$2,435
15 years$4,546$3,891$3,318$2,820$2,389$2,124
16 years$4,218$3,570$3,008$2,525$2,112$1,860
17 years$3,928$3,288$2,737$2,269$1,872$1,633
18 years$3,671$3,038$2,499$2,044$1,665$1,438
19 years$3,442$2,816$2,288$1,847$1,484$1,269
20 years$3,236$2,617$2,100$1,673$1,325$1,123
21 years$3,049$2,437$1,931$1,518$1,186$994
22 years$2,880$2,275$1,780$1,381$1,063$882
23 years$2,725$2,128$1,643$1,257$954$784
24 years$2,584$1,994$1,520$1,147$858$697
25 years$2,454$1,871$1,408$1,047$772$621
26 years$2,335$1,758$1,306$958$695$553
27 years$2,224$1,655$1,212$877$627$493
28 years$2,122$1,559$1,127$803$566$440
29 years$2,027$1,471$1,049$736$511$393
30 years$1,938$1,389$977$676$461$351
31 years$1,855$1,313$911$621$417$314
32 years$1,778$1,243$850$570$377$281
33 years$1,705$1,177$793$525$342$251
34 years$1,637$1,115$741$483$309$225
35 years$1,572$1,058$693$444$280$201
36 years$1,512$1,004$648$409$254$180
37 years$1,455$954$607$377$230$161
38 years$1,401$906$568$348$209$145
39 years$1,350$862$532$320$189$130
40 years$1,302$820$499$296$172$116
41 years$1,256$781$468$273$156$104
42 years$1,212$743$439$252$141$93
43 years$1,171$708$412$232$128$84
44 years$1,131$675$387$214$116$75
45 years$1,094$644$363$198$106$67
46 years$1,058$614$341$183$96$60
47 years$1,023$586$320$169$87$54
48 years$991$559$301$156$79$49
49 years$959$534$283$144$72$44
50 years$929$510$266$133$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $952,000, adding $6,745 every year, while hoping to spend $59,570 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: 52/24/24 Blend
29$952,000$952,000$952,000$952,000
30$1,056,061$1,005,605$990,849$1,103,600
31$1,100,398$991,498$960,661$1,123,091
32$1,147,260$974,703$927,464$1,137,627
33$1,196,842$955,025$891,097$1,152,215
34$1,249,358$932,259$851,386$1,166,882
35$1,305,039$906,187$808,154$1,181,662
36$1,364,139$876,576$761,213$1,196,596
37$1,426,936$843,183$710,369$1,211,732
38$1,493,734$805,749$655,416$1,227,130
39$1,564,864$764,000$596,142$1,242,858
40$1,640,691$717,647$532,323$1,258,997
41$1,721,612$666,383$463,727$1,275,640
42$1,808,065$609,884$390,111$1,292,895
43$1,900,528$547,809$311,220$1,310,889
44$1,999,526$479,795$226,790$1,329,764
45$2,105,634$405,461$136,543$1,349,686
46$2,219,482$324,402$40,191$1,370,844
47$2,341,763$236,192$0$1,393,452
48$2,473,238$140,381$0$1,433,793
49$2,614,741$36,492$0$1,488,132
50$2,767,188$0$0$1,546,564
51$2,931,586$0$0$1,629,596
52$3,109,039$0$0$1,729,699
53$3,300,764$0$0$1,837,930
54$3,508,094$0$0$1,955,052
55$3,732,497$0$0$2,081,904
56$3,975,587$0$0$2,219,410
57$4,239,137$0$0$2,368,584
58$4,525,097$0$0$2,530,541
59$4,835,613$0$0$2,706,510
60$5,173,043$0$0$2,897,839
61$5,539,984$0$0$3,106,015
62$5,939,290$0$0$3,332,672
63$6,374,103$0$0$3,579,608
64$6,847,881$0$0$3,848,802
65$7,364,428$0$0$4,142,432
66$7,927,932$0$0$4,462,896
67$8,543,002$0$0$4,812,831
68$9,214,712$0$0$5,195,144
69$9,948,646$0$0$5,613,032
70$10,750,953$0$0$6,070,016
71$11,628,403$0$0$6,569,973
72$12,588,450$0$0$7,117,171
73$13,639,301$0$0$7,716,311
74$14,789,995$0$0$8,372,568
75$16,050,482$0$0$9,091,643
76$17,431,725$0$0$9,879,814
77$18,945,793$0$0$10,743,994
78$20,605,981$0$0$11,691,798
79$22,426,932$0$0$12,731,613
80$24,424,772$0$0$13,872,678
81$26,617,267$0$0$15,125,169
82$29,023,982$0$0$16,500,294
83$31,666,473$0$0$18,010,402
84$34,568,483$0$0$19,669,093
85$37,756,166$0$0$21,491,352
86$41,258,336$0$0$23,493,686
87$45,106,736$0$0$25,694,279
88$49,336,334$0$0$28,113,167
89$53,985,655$0$0$30,772,420
90$59,097,143$0$0$33,696,357
91$64,717,558$0$0$36,911,767
92$70,898,421$0$0$40,448,167
93$77,696,490$0$0$44,338,080
94$85,174,306$0$0$48,617,336
95$93,400,770$0$0$53,325,415
96$102,451,803$0$0$58,505,814
97$112,411,052$0$0$64,206,463
98$123,370,684$0$0$70,480,168
99$135,432,249$0$0$77,385,118
100$148,707,643$0$0$84,985,426