Can I retire at age 30 with 953,000?

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 $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%12.1%
1 years$78,698$77,997$77,313$76,645$75,994$75,325
2 years$38,959$38,234$37,531$36,849$36,187$35,514
3 years$25,715$24,986$24,285$23,609$22,959$22,301
4 years$19,094$18,367$17,673$17,009$16,374$15,738
5 years$15,122$14,400$13,715$13,065$12,448$11,833
6 years$12,476$11,759$11,084$10,448$9,849$9,259
7 years$10,586$9,875$9,211$8,590$8,010$7,443
8 years$9,169$8,465$7,811$7,206$6,645$6,102
9 years$8,068$7,370$6,728$6,138$5,596$5,076
10 years$7,187$6,496$5,866$5,291$4,768$4,272
11 years$6,467$5,783$5,164$4,605$4,101$3,627
12 years$5,868$5,191$4,583$4,039$3,554$3,102
13 years$5,361$4,691$4,095$3,566$3,099$2,669
14 years$4,927$4,264$3,679$3,165$2,716$2,308
15 years$4,551$3,895$3,322$2,823$2,392$2,004
16 years$4,222$3,574$3,012$2,528$2,114$1,747
17 years$3,933$3,291$2,740$2,271$1,874$1,526
18 years$3,675$3,041$2,502$2,047$1,667$1,337
19 years$3,446$2,819$2,290$1,849$1,485$1,175
20 years$3,239$2,619$2,102$1,675$1,327$1,033
21 years$3,052$2,440$1,933$1,520$1,187$911
22 years$2,883$2,277$1,782$1,382$1,064$804
23 years$2,728$2,130$1,645$1,259$955$710
24 years$2,587$1,996$1,521$1,148$859$628
25 years$2,457$1,873$1,409$1,048$773$556
26 years$2,337$1,760$1,307$959$696$493
27 years$2,227$1,657$1,214$877$628$437
28 years$2,124$1,561$1,128$804$566$388
29 years$2,029$1,473$1,050$737$511$345
30 years$1,940$1,391$978$677$462$306
31 years$1,857$1,315$912$621$418$272
32 years$1,779$1,244$851$571$378$242
33 years$1,707$1,178$794$525$342$215
34 years$1,638$1,117$742$483$310$191
35 years$1,574$1,059$694$445$280$170
36 years$1,514$1,005$649$410$254$152
37 years$1,456$955$607$377$230$135
38 years$1,402$907$569$348$209$120
39 years$1,351$863$533$321$189$107
40 years$1,303$821$500$296$172$96
41 years$1,257$781$468$273$156$85
42 years$1,213$744$439$252$141$76
43 years$1,172$709$412$233$128$68
44 years$1,132$676$387$215$116$60
45 years$1,095$644$363$198$106$54
46 years$1,059$615$341$183$96$48
47 years$1,024$587$321$169$87$43
48 years$992$560$301$156$79$38
49 years$960$535$283$145$72$34
50 years$930$511$266$134$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $953,000, adding $6,904 every year, while hoping to spend $25,964 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: 69/20/11 Blend
29$953,000$953,000$953,000$953,000
30$1,057,327$1,006,818$992,047$1,127,385
31$1,137,549$1,028,527$997,655$1,196,490
32$1,225,084$1,050,429$1,002,581$1,268,277
33$1,320,649$1,072,507$1,006,774$1,346,127
34$1,425,036$1,094,741$1,010,182$1,430,631
35$1,539,115$1,117,109$1,012,749$1,522,439
36$1,663,846$1,139,588$1,014,416$1,622,270
37$1,800,282$1,162,152$1,015,124$1,730,913
38$1,949,587$1,184,773$1,014,806$1,849,240
39$2,113,040$1,207,422$1,013,398$1,978,208
40$2,292,050$1,230,066$1,010,826$2,118,876
41$2,488,169$1,252,669$1,007,018$2,272,406
42$2,703,105$1,275,192$1,001,896$2,440,082
43$2,938,740$1,297,595$995,378$2,623,316
44$3,197,148$1,319,834$987,380$2,823,666
45$3,480,611$1,341,859$977,811$3,042,848
46$3,791,644$1,363,621$966,578$3,282,753
47$4,133,017$1,385,063$953,583$3,545,463
48$4,507,780$1,406,127$938,724$3,833,275
49$4,919,295$1,426,749$921,893$4,148,719
50$5,371,263$1,446,860$902,976$4,494,584
51$5,867,764$1,466,388$881,858$4,873,940
52$6,413,289$1,485,254$858,414$5,290,176
53$7,012,790$1,503,376$832,515$5,747,021
54$7,671,717$1,520,665$804,027$6,248,590
55$8,396,079$1,537,024$772,809$6,799,412
56$9,192,495$1,552,354$738,714$7,404,484
57$10,068,255$1,566,545$701,586$8,069,310
58$11,031,393$1,579,482$661,266$8,799,955
59$12,090,762$1,591,043$617,585$9,603,106
60$13,256,112$1,601,097$570,366$10,486,130
61$14,538,189$1,609,504$519,427$11,457,147
62$15,948,831$1,616,116$464,575$12,525,108
63$17,501,083$1,620,777$405,609$13,699,874
64$19,209,316$1,623,318$342,320$14,992,316
65$21,089,368$1,623,563$274,490$16,414,413
66$23,158,688$1,621,321$201,889$17,979,368
67$25,436,501$1,616,393$124,279$19,701,731
68$27,943,994$1,608,566$41,412$21,597,538
69$30,704,509$1,597,613$0$23,684,462
70$33,743,769$1,583,297$0$25,987,501
71$37,090,117$1,565,361$0$28,528,148
72$40,774,783$1,543,539$0$31,325,226
73$44,832,182$1,517,543$0$34,404,845
74$49,300,234$1,487,072$0$37,795,774
75$54,220,726$1,451,806$0$41,529,720
76$59,639,701$1,411,406$0$45,641,623
77$65,607,898$1,365,513$0$50,169,988
78$72,181,228$1,313,747$0$55,157,247
79$79,421,298$1,255,706$0$60,650,164
80$87,396,000$1,190,965$0$66,700,270
81$96,180,144$1,119,074$0$73,364,356
82$105,856,168$1,039,557$0$80,705,006
83$116,514,914$951,913$0$88,791,189
84$128,256,487$855,608$0$97,698,911
85$141,191,197$750,081$0$107,511,932
86$155,440,603$634,739$0$118,322,558
87$171,138,657$508,954$0$130,232,513
88$188,432,971$372,064$0$143,353,896
89$207,486,208$223,369$0$157,810,248
90$228,477,616$62,129$0$173,737,710
91$251,604,725$0$0$191,286,315
92$277,085,203$0$0$210,646,148
93$305,158,920$0$0$231,991,457
94$336,090,203$0$0$255,509,560
95$370,170,336$0$0$281,421,941
96$407,720,310$0$0$309,972,672
97$449,093,848$0$0$341,430,717
98$494,680,748$0$0$376,092,469
99$544,910,560$0$0$414,284,548
100$600,256,643$0$0$456,366,885