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%13.3%
1 years$78,780$78,079$77,394$76,726$76,073$75,029
2 years$39,000$38,274$37,570$36,887$36,225$35,176
3 years$25,742$25,012$24,310$23,634$22,983$21,960
4 years$19,114$18,387$17,692$17,027$16,392$15,403
5 years$15,138$14,415$13,729$13,078$12,461$11,509
6 years$12,489$11,771$11,095$10,459$9,860$8,947
7 years$10,597$9,886$9,220$8,599$8,019$7,145
8 years$9,179$8,474$7,820$7,213$6,652$5,817
9 years$8,076$7,378$6,735$6,144$5,602$4,805
10 years$7,195$6,503$5,872$5,296$4,773$4,014
11 years$6,474$5,789$5,169$4,609$4,105$3,383
12 years$5,874$5,196$4,588$4,043$3,557$2,872
13 years$5,366$4,696$4,099$3,569$3,102$2,452
14 years$4,932$4,268$3,683$3,169$2,719$2,103
15 years$4,556$3,899$3,325$2,826$2,394$1,812
16 years$4,227$3,578$3,015$2,530$2,116$1,566
17 years$3,937$3,295$2,743$2,273$1,876$1,357
18 years$3,679$3,045$2,504$2,049$1,668$1,179
19 years$3,449$2,822$2,292$1,851$1,487$1,026
20 years$3,242$2,622$2,104$1,677$1,328$895
21 years$3,055$2,442$1,935$1,522$1,189$782
22 years$2,886$2,280$1,784$1,384$1,065$684
23 years$2,731$2,132$1,647$1,260$956$599
24 years$2,590$1,998$1,523$1,149$860$525
25 years$2,460$1,875$1,411$1,050$774$460
26 years$2,340$1,762$1,308$960$697$404
27 years$2,229$1,658$1,215$878$628$355
28 years$2,126$1,563$1,129$805$567$312
29 years$2,031$1,474$1,051$738$512$274
30 years$1,942$1,392$979$677$462$241
31 years$1,859$1,316$913$622$418$212
32 years$1,781$1,245$852$572$378$187
33 years$1,708$1,179$795$526$342$165
34 years$1,640$1,118$743$484$310$145
35 years$1,576$1,060$695$445$281$128
36 years$1,515$1,006$650$410$254$113
37 years$1,458$956$608$378$230$99
38 years$1,404$908$569$348$209$88
39 years$1,353$864$534$321$189$77
40 years$1,304$822$500$296$172$68
41 years$1,258$782$469$273$156$60
42 years$1,215$745$440$252$141$53
43 years$1,173$710$413$233$128$47
44 years$1,133$677$387$215$117$41
45 years$1,096$645$364$199$106$36
46 years$1,060$615$342$183$96$32
47 years$1,026$587$321$169$87$28
48 years$993$561$302$157$79$25
49 years$961$535$284$145$72$22
50 years$931$511$267$134$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $954,000, adding $2,565 every year, while hoping to spend $27,910 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: 70/10/20 Blend
29$954,000$954,000$954,000$954,000
30$1,053,954$1,003,392$988,605$1,122,401
31$1,131,761$1,022,862$992,027$1,187,855
32$1,216,569$1,042,351$994,628$1,255,936
33$1,309,063$1,061,830$996,352$1,329,766
34$1,409,996$1,081,268$997,138$1,409,909
35$1,520,197$1,100,631$996,924$1,496,991
36$1,640,580$1,119,885$995,644$1,591,697
37$1,772,150$1,138,990$993,228$1,694,785
38$1,916,012$1,157,904$989,605$1,807,090
39$2,073,387$1,176,583$984,699$1,929,530
40$2,245,615$1,194,978$978,429$2,063,120
41$2,434,174$1,213,038$970,712$2,208,977
42$2,640,690$1,230,707$961,461$2,368,331
43$2,866,955$1,247,927$950,585$2,542,539
44$3,114,942$1,264,633$937,987$2,733,097
45$3,386,824$1,280,757$923,567$2,941,654
46$3,684,994$1,296,228$907,220$3,170,026
47$4,012,087$1,310,967$888,836$3,420,215
48$4,371,007$1,324,892$868,300$3,694,430
49$4,764,953$1,337,915$845,490$3,995,102
50$5,197,446$1,349,940$820,282$4,324,914
51$5,672,367$1,360,869$792,544$4,686,821
52$6,193,991$1,370,594$762,136$5,084,081
53$6,767,026$1,379,001$728,916$5,520,285
54$7,396,661$1,385,970$692,732$5,999,390
55$8,088,608$1,391,371$653,427$6,525,759
56$8,849,166$1,395,067$610,836$7,104,201
57$9,685,269$1,396,914$564,787$7,740,015
58$10,604,560$1,396,756$515,101$8,439,043
59$11,615,457$1,394,429$461,589$9,207,723
60$12,727,236$1,389,759$404,055$10,053,153
61$13,950,118$1,382,560$342,294$10,983,153
62$15,295,361$1,372,637$276,093$12,006,346
63$16,775,373$1,359,782$205,227$13,132,234
64$18,403,823$1,343,772$129,463$14,371,290
65$20,195,771$1,324,375$48,559$15,735,057
66$22,167,813$1,301,343$0$17,236,258
67$24,338,233$1,274,412$0$18,896,980
68$26,727,179$1,243,305$0$20,736,196
69$29,356,851$1,207,727$0$22,760,628
70$32,251,710$1,167,365$0$24,989,112
71$35,438,708$1,121,890$0$27,442,405
72$38,947,547$1,070,953$0$30,143,379
73$42,810,950$1,014,183$0$33,117,241
74$47,064,980$951,191$0$36,391,766
75$51,749,371$881,562$0$39,997,562
76$56,907,908$804,860$0$43,968,359
77$62,588,840$720,623$0$48,341,326
78$68,845,330$628,363$0$53,157,422
79$75,735,964$527,563$0$58,461,786
80$83,325,298$417,679$0$64,304,159
81$91,684,468$298,135$0$70,739,354
82$100,891,863$168,323$0$77,827,775
83$111,033,863$27,601$0$85,635,990
84$122,205,655$0$0$94,237,352
85$134,512,129$0$0$103,726,423
86$148,068,871$0$0$114,182,952
87$163,003,250$0$0$125,702,154
88$179,455,623$0$0$138,392,301
89$197,580,659$0$0$152,372,701
90$217,548,796$0$0$167,774,830
91$239,547,853$0$0$184,743,569
92$263,784,799$0$0$203,438,575
93$290,487,711$0$0$224,035,783
94$319,907,921$0$0$246,729,070
95$352,322,392$0$0$271,732,084
96$388,036,331$0$0$299,280,260
97$427,386,068$0$0$329,633,042
98$470,742,235$0$0$363,076,334
99$518,513,259$0$0$399,925,193
100$571,149,220$0$0$440,526,811