Can I retire at age 30 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$78,780$78,079$77,394$76,726$76,073$75,123
2 years$39,000$38,274$37,570$36,887$36,225$35,269
3 years$25,742$25,012$24,310$23,634$22,983$22,050
4 years$19,114$18,387$17,692$17,027$16,392$15,490
5 years$15,138$14,415$13,729$13,078$12,461$11,593
6 years$12,489$11,771$11,095$10,459$9,860$9,026
7 years$10,597$9,886$9,220$8,599$8,019$7,220
8 years$9,179$8,474$7,820$7,213$6,652$5,889
9 years$8,076$7,378$6,735$6,144$5,602$4,873
10 years$7,195$6,503$5,872$5,296$4,773$4,078
11 years$6,474$5,789$5,169$4,609$4,105$3,444
12 years$5,874$5,196$4,588$4,043$3,557$2,929
13 years$5,366$4,696$4,099$3,569$3,102$2,505
14 years$4,932$4,268$3,683$3,169$2,719$2,154
15 years$4,556$3,899$3,325$2,826$2,394$1,859
16 years$4,227$3,578$3,015$2,530$2,116$1,610
17 years$3,937$3,295$2,743$2,273$1,876$1,398
18 years$3,679$3,045$2,504$2,049$1,668$1,217
19 years$3,449$2,822$2,292$1,851$1,487$1,062
20 years$3,242$2,622$2,104$1,677$1,328$928
21 years$3,055$2,442$1,935$1,522$1,189$812
22 years$2,886$2,280$1,784$1,384$1,065$712
23 years$2,731$2,132$1,647$1,260$956$625
24 years$2,590$1,998$1,523$1,149$860$549
25 years$2,460$1,875$1,411$1,050$774$483
26 years$2,340$1,762$1,308$960$697$425
27 years$2,229$1,658$1,215$878$628$374
28 years$2,126$1,563$1,129$805$567$330
29 years$2,031$1,474$1,051$738$512$291
30 years$1,942$1,392$979$677$462$256
31 years$1,859$1,316$913$622$418$226
32 years$1,781$1,245$852$572$378$200
33 years$1,708$1,179$795$526$342$176
34 years$1,640$1,118$743$484$310$156
35 years$1,576$1,060$695$445$281$137
36 years$1,515$1,006$650$410$254$121
37 years$1,458$956$608$378$230$107
38 years$1,404$908$569$348$209$95
39 years$1,353$864$534$321$189$84
40 years$1,304$822$500$296$172$74
41 years$1,258$782$469$273$156$66
42 years$1,215$745$440$252$141$58
43 years$1,173$710$413$233$128$51
44 years$1,133$677$387$215$117$45
45 years$1,096$645$364$199$106$40
46 years$1,060$615$342$183$96$35
47 years$1,026$587$321$169$87$31
48 years$993$561$302$157$79$28
49 years$961$535$284$145$72$25
50 years$931$511$267$134$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $954,000, adding $4,499 every year, while hoping to spend $47,484 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: 49/30/21 Blend
29$954,000$954,000$954,000$954,000
30$1,055,949$1,005,387$990,600$1,101,248
31$1,113,133$1,004,128$973,262$1,131,924
32$1,174,558$1,001,216$953,752$1,160,056
33$1,240,608$996,520$931,947$1,189,629
34$1,311,701$989,901$907,719$1,220,797
35$1,388,299$981,210$880,932$1,253,735
36$1,470,908$970,292$851,446$1,288,636
37$1,560,085$956,981$819,113$1,325,717
38$1,656,441$941,100$783,781$1,365,219
39$1,760,648$922,464$745,288$1,407,411
40$1,873,444$900,875$703,465$1,452,594
41$1,995,642$876,125$658,138$1,501,103
42$2,128,134$847,991$609,122$1,553,310
43$2,271,901$816,241$556,225$1,609,629
44$2,428,024$780,625$499,248$1,670,524
45$2,597,690$740,883$437,980$1,736,507
46$2,782,204$696,737$372,202$1,808,148
47$2,983,005$647,893$301,687$1,886,083
48$3,201,674$594,042$226,196$1,971,016
49$3,439,950$534,856$145,479$2,063,730
50$3,699,750$469,988$59,278$2,165,093
51$3,983,180$399,074$0$2,276,070
52$4,292,561$321,725$0$2,405,062
53$4,630,446$237,533$0$2,560,574
54$4,999,647$146,068$0$2,730,694
55$5,403,259$46,873$0$2,916,947
56$5,844,689$0$0$3,121,023
57$6,327,689$0$0$3,364,770
58$6,856,390$0$0$3,648,619
59$7,435,343$0$0$3,959,550
60$8,069,556$0$0$4,300,268
61$8,764,547$0$0$4,673,749
62$9,526,391$0$0$5,083,274
63$10,361,781$0$0$5,532,453
64$11,278,088$0$0$6,025,265
65$12,283,429$0$0$6,566,092
66$13,386,746$0$0$7,159,760
67$14,597,890$0$0$7,811,586
68$15,927,710$0$0$8,527,426
69$17,388,158$0$0$9,313,732
70$18,992,400$0$0$10,177,611
71$20,754,940$0$0$11,126,894
72$22,691,756$0$0$12,170,205
73$24,820,452$0$0$13,317,047
74$27,160,420$0$0$14,577,890
75$29,733,026$0$0$15,964,267
76$32,561,808$0$0$17,488,887
77$35,672,701$0$0$19,165,751
78$39,094,276$0$0$21,010,284
79$42,858,016$0$0$23,039,483
80$46,998,604$0$0$25,272,074
81$51,554,259$0$0$27,728,691
82$56,567,087$0$0$30,432,066
83$62,083,483$0$0$33,407,249
84$68,154,569$0$0$36,681,841
85$74,836,670$0$0$40,286,254
86$82,191,851$0$0$44,253,997
87$90,288,499$0$0$48,621,994
88$99,201,966$0$0$53,430,931
89$109,015,285$0$0$58,725,638
90$119,819,945$0$0$64,555,515
91$131,716,762$0$0$70,974,995
92$144,816,822$0$0$78,044,058
93$159,242,535$0$0$85,828,799
94$175,128,783$0$0$94,402,048
95$192,624,200$0$0$103,844,057
96$211,892,566$0$0$114,243,261
97$233,114,357$0$0$125,697,107
98$256,488,446$0$0$138,312,978
99$282,233,980$0$0$152,209,204
100$310,592,445$0$0$167,516,175