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%11.2%
1 years$78,698$77,997$77,313$76,645$75,994$75,610
2 years$38,959$38,234$37,531$36,849$36,187$35,800
3 years$25,715$24,986$24,285$23,609$22,959$22,580
4 years$19,094$18,367$17,673$17,009$16,374$16,007
5 years$15,122$14,400$13,715$13,065$12,448$12,092
6 years$12,476$11,759$11,084$10,448$9,849$9,507
7 years$10,586$9,875$9,211$8,590$8,010$7,681
8 years$9,169$8,465$7,811$7,206$6,645$6,329
9 years$8,068$7,370$6,728$6,138$5,596$5,293
10 years$7,187$6,496$5,866$5,291$4,768$4,478
11 years$6,467$5,783$5,164$4,605$4,101$3,824
12 years$5,868$5,191$4,583$4,039$3,554$3,289
13 years$5,361$4,691$4,095$3,566$3,099$2,846
14 years$4,927$4,264$3,679$3,165$2,716$2,476
15 years$4,551$3,895$3,322$2,823$2,392$2,163
16 years$4,222$3,574$3,012$2,528$2,114$1,896
17 years$3,933$3,291$2,740$2,271$1,874$1,668
18 years$3,675$3,041$2,502$2,047$1,667$1,470
19 years$3,446$2,819$2,290$1,849$1,485$1,300
20 years$3,239$2,619$2,102$1,675$1,327$1,151
21 years$3,052$2,440$1,933$1,520$1,187$1,021
22 years$2,883$2,277$1,782$1,382$1,064$907
23 years$2,728$2,130$1,645$1,259$955$807
24 years$2,587$1,996$1,521$1,148$859$719
25 years$2,457$1,873$1,409$1,048$773$641
26 years$2,337$1,760$1,307$959$696$572
27 years$2,227$1,657$1,214$877$628$511
28 years$2,124$1,561$1,128$804$566$457
29 years$2,029$1,473$1,050$737$511$409
30 years$1,940$1,391$978$677$462$366
31 years$1,857$1,315$912$621$418$327
32 years$1,779$1,244$851$571$378$293
33 years$1,707$1,178$794$525$342$263
34 years$1,638$1,117$742$483$310$236
35 years$1,574$1,059$694$445$280$211
36 years$1,514$1,005$649$410$254$190
37 years$1,456$955$607$377$230$170
38 years$1,402$907$569$348$209$153
39 years$1,351$863$533$321$189$137
40 years$1,303$821$500$296$172$123
41 years$1,257$781$468$273$156$110
42 years$1,213$744$439$252$141$99
43 years$1,172$709$412$233$128$89
44 years$1,132$676$387$215$116$80
45 years$1,095$644$363$198$106$72
46 years$1,059$615$341$183$96$65
47 years$1,024$587$321$169$87$58
48 years$992$560$301$156$79$52
49 years$960$535$283$145$72$47
50 years$930$511$266$134$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $953,000, adding $2,637 every year, while hoping to spend $36,038 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: 55/33/12 Blend
29$953,000$953,000$953,000$953,000
30$1,052,926$1,002,417$987,646$1,107,465
31$1,121,980$1,013,191$982,388$1,155,530
32$1,196,870$1,023,286$975,746$1,203,683
33$1,278,153$1,032,629$967,635$1,255,272
34$1,366,442$1,041,145$957,968$1,310,631
35$1,462,410$1,048,752$946,651$1,370,129
36$1,566,800$1,055,365$933,588$1,434,173
37$1,680,427$1,060,891$918,677$1,503,214
38$1,804,190$1,065,234$901,811$1,577,748
39$1,939,075$1,068,288$882,880$1,658,326
40$2,086,171$1,069,944$861,766$1,745,554
41$2,246,673$1,070,085$838,349$1,840,101
42$2,421,900$1,068,585$812,500$1,942,707
43$2,613,301$1,065,313$784,086$2,054,188
44$2,822,473$1,060,129$752,967$2,175,446
45$3,051,172$1,052,882$718,999$2,307,478
46$3,301,335$1,043,416$682,028$2,451,382
47$3,575,090$1,031,563$641,896$2,608,371
48$3,874,785$1,017,145$598,435$2,779,786
49$4,203,002$999,974$551,471$2,967,106
50$4,562,587$979,851$500,824$3,171,964
51$4,956,672$956,565$446,302$3,396,162
52$5,388,707$929,891$387,709$3,641,690
53$5,862,493$899,594$324,835$3,910,743
54$6,382,217$865,423$257,466$4,205,746
55$6,952,486$827,113$185,375$4,529,372
56$7,578,381$784,383$108,326$4,884,573
57$8,265,495$736,936$26,074$5,274,607
58$9,019,989$684,459$0$5,703,068
59$9,848,650$626,620$0$6,181,823
60$10,758,957$563,069$0$6,711,423
61$11,759,146$493,435$0$7,293,390
62$12,858,292$417,326$0$7,933,090
63$14,066,391$334,329$0$8,636,437
64$15,394,458$244,006$0$9,409,956
65$16,854,627$145,897$0$10,260,841
66$18,460,266$39,513$0$11,197,027
67$20,226,104$0$0$12,227,261
68$22,168,368$0$0$13,388,666
69$24,304,939$0$0$14,682,142
70$26,655,514$0$0$16,105,280
71$29,241,799$0$0$17,671,232
72$32,087,709$0$0$19,394,494
73$35,219,595$0$0$21,291,032
74$38,666,489$0$0$23,378,445
75$42,460,383$0$0$25,676,119
76$46,636,527$0$0$28,205,417
77$51,233,760$0$0$30,989,879
78$56,294,881$0$0$34,055,443
79$61,867,048$0$0$37,430,690
80$68,002,223$0$0$41,147,111
81$74,757,665$0$0$45,239,410
82$82,196,468$0$0$49,745,825
83$90,388,155$0$0$54,708,493
84$99,409,334$0$0$60,173,843
85$109,344,424$0$0$66,193,039
86$120,286,447$0$0$72,822,459
87$132,337,905$0$0$80,124,229
88$145,611,753$0$0$88,166,806
89$160,232,458$0$0$97,025,628
90$176,337,176$0$0$106,783,824
91$194,077,048$0$0$117,532,994
92$213,618,621$0$0$129,374,083
93$235,145,424$0$0$142,418,323
94$258,859,699$0$0$156,788,291
95$284,984,308$0$0$172,619,059
96$313,764,835$0$0$190,059,474
97$345,471,908$0$0$209,273,559
98$380,403,750$0$0$230,442,064
99$418,888,990$0$0$253,764,168
100$461,289,774$0$0$279,459,362