Can I retire at age 30 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$78,863$78,161$77,475$76,806$76,153$73,422
2 years$39,041$38,314$37,609$36,926$36,263$33,541
3 years$25,769$25,039$24,336$23,659$23,007$20,380
4 years$19,134$18,406$17,710$17,045$16,409$13,896
5 years$15,154$14,431$13,744$13,092$12,474$10,082
6 years$12,502$11,784$11,107$10,470$9,870$7,602
7 years$10,608$9,896$9,230$8,608$8,027$5,881
8 years$9,188$8,483$7,828$7,221$6,659$4,634
9 years$8,085$7,386$6,742$6,151$5,608$3,701
10 years$7,202$6,510$5,878$5,302$4,778$2,986
11 years$6,481$5,796$5,175$4,614$4,109$2,428
12 years$5,880$5,202$4,592$4,047$3,561$1,987
13 years$5,372$4,701$4,103$3,573$3,105$1,634
14 years$4,937$4,273$3,687$3,172$2,722$1,349
15 years$4,560$3,903$3,329$2,829$2,397$1,117
16 years$4,231$3,581$3,018$2,533$2,118$928
17 years$3,941$3,298$2,746$2,276$1,878$772
18 years$3,683$3,048$2,507$2,051$1,670$644
19 years$3,453$2,825$2,295$1,853$1,489$537
20 years$3,246$2,625$2,106$1,678$1,330$449
21 years$3,059$2,445$1,937$1,523$1,190$376
22 years$2,889$2,282$1,785$1,385$1,067$315
23 years$2,734$2,134$1,649$1,261$957$264
24 years$2,592$2,000$1,525$1,150$861$221
25 years$2,462$1,877$1,412$1,051$774$186
26 years$2,342$1,764$1,310$961$697$156
27 years$2,231$1,660$1,216$879$629$131
28 years$2,128$1,564$1,131$806$567$110
29 years$2,033$1,476$1,052$739$512$92
30 years$1,944$1,394$980$678$463$77
31 years$1,861$1,317$914$623$419$65
32 years$1,783$1,247$852$572$379$55
33 years$1,710$1,181$796$526$343$46
34 years$1,642$1,119$744$484$310$39
35 years$1,577$1,061$695$446$281$33
36 years$1,517$1,007$650$411$255$27
37 years$1,460$957$609$378$231$23
38 years$1,405$909$570$349$209$19
39 years$1,354$865$534$321$190$16
40 years$1,306$823$501$296$172$14
41 years$1,260$783$469$274$156$11
42 years$1,216$746$440$252$142$10
43 years$1,174$710$413$233$129$8
44 years$1,135$677$388$215$117$7
45 years$1,097$646$364$199$106$6
46 years$1,061$616$342$184$96$5
47 years$1,027$588$321$170$87$4
48 years$994$561$302$157$79$3
49 years$962$536$284$145$72$3
50 years$932$512$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $955,000, adding $6,423 every year, while hoping to spend $47,943 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: 40/39/21 Blend
29$955,000$955,000$955,000$955,000
30$1,059,035$1,008,420$993,618$1,094,584
31$1,116,046$1,006,822$975,893$1,119,072
32$1,177,265$1,003,538$955,968$1,140,497
33$1,243,071$998,436$933,717$1,162,699
34$1,313,879$991,375$909,012$1,185,774
35$1,390,146$982,204$881,715$1,209,835
36$1,472,373$970,764$851,685$1,235,005
37$1,561,111$956,888$818,773$1,261,426
38$1,656,965$940,396$782,822$1,289,258
39$1,760,600$921,099$743,671$1,318,683
40$1,872,746$898,798$701,149$1,349,902
41$1,994,206$873,280$655,078$1,383,145
42$2,125,865$844,320$605,272$1,418,670
43$2,268,693$811,681$551,538$1,456,764
44$2,423,757$775,111$493,673$1,497,753
45$2,592,234$734,345$431,464$1,541,999
46$2,775,414$689,100$364,690$1,589,909
47$2,974,720$639,080$293,122$1,641,938
48$3,191,717$583,970$216,516$1,698,594
49$3,428,124$523,437$134,622$1,760,446
50$3,685,837$457,129$47,176$1,828,128
51$3,966,940$384,676$0$1,902,347
52$4,273,727$305,685$0$1,994,233
53$4,608,725$219,742$0$2,106,277
54$4,974,714$126,408$0$2,228,944
55$5,374,755$25,221$0$2,363,393
56$5,812,217$0$0$2,510,910
57$6,290,811$0$0$2,709,100
58$6,814,622$0$0$2,937,983
59$7,388,151$0$0$3,188,719
60$8,016,350$0$0$3,463,487
61$8,704,675$0$0$3,764,693
62$9,459,135$0$0$4,094,980
63$10,286,348$0$0$4,457,265
64$11,193,601$0$0$4,854,759
65$12,188,923$0$0$5,290,996
66$13,281,155$0$0$5,769,872
67$14,480,036$0$0$6,295,679
68$15,796,297$0$0$6,873,142
69$17,241,753$0$0$7,507,469
70$18,829,425$0$0$8,204,394
71$20,573,653$0$0$8,970,238
72$22,490,236$0$0$9,811,961
73$24,596,581$0$0$10,737,233
74$26,911,861$0$0$11,754,503
75$29,457,202$0$0$12,873,080
76$32,255,878$0$0$14,103,219
77$35,333,532$0$0$15,456,221
78$38,718,414$0$0$16,944,535
79$42,441,652$0$0$18,581,878
80$46,537,539$0$0$20,383,364
81$51,043,862$0$0$22,365,644
82$56,002,255$0$0$24,547,067
83$61,458,589$0$0$26,947,849
84$67,463,408$0$0$29,590,265
85$74,072,404$0$0$32,498,861
86$81,346,941$0$0$35,700,681
87$89,354,634$0$0$39,225,525
88$98,169,986$0$0$43,106,230
89$107,875,092$0$0$47,378,977
90$118,560,409$0$0$52,083,635
91$130,325,613$0$0$57,264,137
92$143,280,538$0$0$62,968,890
93$157,546,208$0$0$69,251,239
94$173,255,986$0$0$76,169,962
95$190,556,822$0$0$83,789,831
96$209,610,649$0$0$92,182,218
97$230,595,902$0$0$101,425,771
98$253,709,208$0$0$111,607,158
99$279,167,236$0$0$122,821,879
100$307,208,742$0$0$135,175,172