Can I retire at age 30 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$78,698$77,997$77,313$76,645$75,994$73,649
2 years$38,959$38,234$37,531$36,849$36,187$33,846
3 years$25,715$24,986$24,285$23,609$22,959$20,694
4 years$19,094$18,367$17,673$17,009$16,374$14,203
5 years$15,122$14,400$13,715$13,065$12,448$10,376
6 years$12,476$11,759$11,084$10,448$9,849$7,879
7 years$10,586$9,875$9,211$8,590$8,010$6,141
8 years$9,169$8,465$7,811$7,206$6,645$4,876
9 years$8,068$7,370$6,728$6,138$5,596$3,926
10 years$7,187$6,496$5,866$5,291$4,768$3,193
11 years$6,467$5,783$5,164$4,605$4,101$2,619
12 years$5,868$5,191$4,583$4,039$3,554$2,162
13 years$5,361$4,691$4,095$3,566$3,099$1,793
14 years$4,927$4,264$3,679$3,165$2,716$1,494
15 years$4,551$3,895$3,322$2,823$2,392$1,249
16 years$4,222$3,574$3,012$2,528$2,114$1,047
17 years$3,933$3,291$2,740$2,271$1,874$880
18 years$3,675$3,041$2,502$2,047$1,667$740
19 years$3,446$2,819$2,290$1,849$1,485$624
20 years$3,239$2,619$2,102$1,675$1,327$527
21 years$3,052$2,440$1,933$1,520$1,187$445
22 years$2,883$2,277$1,782$1,382$1,064$377
23 years$2,728$2,130$1,645$1,259$955$319
24 years$2,587$1,996$1,521$1,148$859$270
25 years$2,457$1,873$1,409$1,048$773$229
26 years$2,337$1,760$1,307$959$696$194
27 years$2,227$1,657$1,214$877$628$165
28 years$2,124$1,561$1,128$804$566$140
29 years$2,029$1,473$1,050$737$511$119
30 years$1,940$1,391$978$677$462$101
31 years$1,857$1,315$912$621$418$86
32 years$1,779$1,244$851$571$378$73
33 years$1,707$1,178$794$525$342$62
34 years$1,638$1,117$742$483$310$53
35 years$1,574$1,059$694$445$280$45
36 years$1,514$1,005$649$410$254$38
37 years$1,456$955$607$377$230$32
38 years$1,402$907$569$348$209$27
39 years$1,351$863$533$321$189$23
40 years$1,303$821$500$296$172$20
41 years$1,257$781$468$273$156$17
42 years$1,213$744$439$252$141$14
43 years$1,172$709$412$233$128$12
44 years$1,132$676$387$215$116$10
45 years$1,095$644$363$198$106$9
46 years$1,059$615$341$183$96$7
47 years$1,024$587$321$169$87$6
48 years$992$560$301$156$79$5
49 years$960$535$283$145$72$5
50 years$930$511$266$134$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $953,000, adding $5,198 every year, while hoping to spend $49,032 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: 51/24/25 Blend
29$953,000$953,000$953,000$953,000
30$1,055,568$1,005,059$990,287$1,101,762
31$1,111,066$1,002,137$971,292$1,131,461
32$1,170,582$997,429$950,017$1,158,347
33$1,234,473$990,795$926,335$1,186,588
34$1,303,133$982,087$900,111$1,216,334
35$1,376,992$971,149$871,204$1,247,752
36$1,456,524$957,815$839,469$1,281,029
37$1,542,250$941,908$804,751$1,316,372
38$1,634,741$923,242$766,891$1,354,015
39$1,734,623$901,620$725,721$1,394,218
40$1,842,588$876,833$681,066$1,437,270
41$1,959,393$848,658$632,742$1,483,494
42$2,085,870$816,862$580,559$1,533,251
43$2,222,937$781,196$524,316$1,586,941
44$2,371,601$741,399$463,804$1,645,011
45$2,532,969$697,192$398,806$1,707,957
46$2,708,259$648,282$329,094$1,776,331
47$2,898,812$594,359$254,429$1,850,747
48$3,106,103$535,094$174,565$1,931,888
49$3,331,753$470,141$89,240$2,020,510
50$3,577,547$399,133$0$2,117,456
51$3,845,450$321,684$0$2,224,142
52$4,137,623$237,384$0$2,366,557
53$4,456,446$145,801$0$2,522,098
54$4,804,538$46,480$0$2,692,122
55$5,184,781$0$0$2,878,127
56$5,600,350$0$0$3,097,895
57$6,054,738$0$0$3,351,707
58$6,551,794$0$0$3,629,450
59$7,095,752$0$0$3,933,503
60$7,691,278$0$0$4,266,485
61$8,343,508$0$0$4,631,282
62$9,058,099$0$0$5,031,072
63$9,841,280$0$0$5,469,353
64$10,699,912$0$0$5,949,979
65$11,641,551$0$0$6,477,196
66$12,674,520$0$0$7,055,680
67$13,807,987$0$0$7,690,579
68$15,052,048$0$0$8,387,568
69$16,417,826$0$0$9,152,895
70$17,917,573$0$0$9,993,444
71$19,564,785$0$0$10,916,798
72$21,374,332$0$0$11,931,311
73$23,362,591$0$0$13,046,185
74$25,547,608$0$0$14,271,560
75$27,949,260$0$0$15,618,606
76$30,589,448$0$0$17,099,627
77$33,492,300$0$0$18,728,182
78$36,684,399$0$0$20,519,208
79$40,195,032$0$0$22,489,162
80$44,056,469$0$0$24,656,177
81$48,304,260$0$0$27,040,231
82$52,977,578$0$0$29,663,335
83$58,119,582$0$0$32,549,744
84$63,777,827$0$0$35,726,180
85$70,004,709$0$0$39,222,088
86$76,857,962$0$0$43,069,912
87$84,401,199$0$0$47,305,399
88$92,704,513$0$0$51,967,941
89$101,845,139$0$0$57,100,939
90$111,908,179$0$0$62,752,220
91$122,987,407$0$0$68,974,481
92$135,186,150$0$0$75,825,791
93$148,618,267$0$0$83,370,136
94$163,409,218$0$0$91,678,023
95$179,697,251$0$0$100,827,145
96$197,634,703$0$0$110,903,113
97$217,389,437$0$0$122,000,265
98$239,146,428$0$0$134,222,555
99$263,109,505$0$0$147,684,534
100$289,503,275$0$0$162,512,430