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%14.3%
1 years$78,863$78,161$77,475$76,806$76,153$74,799
2 years$39,041$38,314$37,609$36,926$36,263$34,904
3 years$25,769$25,039$24,336$23,659$23,007$21,684
4 years$19,134$18,406$17,710$17,045$16,409$15,133
5 years$15,154$14,431$13,744$13,092$12,474$11,249
6 years$12,502$11,784$11,107$10,470$9,870$8,697
7 years$10,608$9,896$9,230$8,608$8,027$6,906
8 years$9,188$8,483$7,828$7,221$6,659$5,591
9 years$8,085$7,386$6,742$6,151$5,608$4,591
10 years$7,202$6,510$5,878$5,302$4,778$3,812
11 years$6,481$5,796$5,175$4,614$4,109$3,193
12 years$5,880$5,202$4,592$4,047$3,561$2,693
13 years$5,372$4,701$4,103$3,573$3,105$2,284
14 years$4,937$4,273$3,687$3,172$2,722$1,946
15 years$4,560$3,903$3,329$2,829$2,397$1,665
16 years$4,231$3,581$3,018$2,533$2,118$1,429
17 years$3,941$3,298$2,746$2,276$1,878$1,229
18 years$3,683$3,048$2,507$2,051$1,670$1,060
19 years$3,453$2,825$2,295$1,853$1,489$916
20 years$3,246$2,625$2,106$1,678$1,330$793
21 years$3,059$2,445$1,937$1,523$1,190$688
22 years$2,889$2,282$1,785$1,385$1,067$597
23 years$2,734$2,134$1,649$1,261$957$518
24 years$2,592$2,000$1,525$1,150$861$451
25 years$2,462$1,877$1,412$1,051$774$392
26 years$2,342$1,764$1,310$961$697$342
27 years$2,231$1,660$1,216$879$629$298
28 years$2,128$1,564$1,131$806$567$260
29 years$2,033$1,476$1,052$739$512$226
30 years$1,944$1,394$980$678$463$198
31 years$1,861$1,317$914$623$419$172
32 years$1,783$1,247$852$572$379$151
33 years$1,710$1,181$796$526$343$132
34 years$1,642$1,119$744$484$310$115
35 years$1,577$1,061$695$446$281$100
36 years$1,517$1,007$650$411$255$88
37 years$1,460$957$609$378$231$77
38 years$1,405$909$570$349$209$67
39 years$1,354$865$534$321$190$59
40 years$1,306$823$501$296$172$51
41 years$1,260$783$469$274$156$45
42 years$1,216$746$440$252$142$39
43 years$1,174$710$413$233$129$34
44 years$1,135$677$388$215$117$30
45 years$1,097$646$364$199$106$26
46 years$1,061$616$342$184$96$23
47 years$1,027$588$321$170$87$20
48 years$994$561$302$157$79$18
49 years$962$536$284$145$72$15
50 years$932$512$267$134$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $955,000, adding $6,526 every year, while hoping to spend $56,851 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: 46/33/21 Blend
29$955,000$955,000$955,000$955,000
30$1,059,142$1,008,527$993,724$1,101,223
31$1,106,685$997,455$966,525$1,120,301
32$1,157,172$983,936$936,509$1,134,834
33$1,210,844$967,789$903,522$1,149,430
34$1,267,963$948,824$867,403$1,164,122
35$1,328,817$926,838$827,983$1,178,951
36$1,393,721$901,617$785,085$1,193,962
37$1,463,020$872,936$738,524$1,209,213
38$1,537,092$840,554$688,109$1,224,772
39$1,616,353$804,219$633,638$1,240,716
40$1,701,256$763,660$574,900$1,257,138
41$1,792,300$718,596$511,675$1,274,145
42$1,890,033$668,725$443,734$1,291,860
43$1,995,054$613,730$370,837$1,310,427
44$2,108,022$553,276$292,734$1,330,008
45$2,229,663$487,009$209,162$1,350,792
46$2,360,768$414,552$119,849$1,372,992
47$2,502,213$335,512$24,510$1,396,853
48$2,654,955$249,468$0$1,422,650
49$2,820,049$155,981$0$1,468,005
50$2,998,653$54,582$0$1,522,952
51$3,192,039$0$0$1,582,469
52$3,401,607$0$0$1,667,136
53$3,628,897$0$0$1,780,552
54$3,875,601$0$0$1,903,752
55$4,143,580$0$0$2,037,679
56$4,434,883$0$0$2,183,368
57$4,751,760$0$0$2,341,960
58$5,096,692$0$0$2,514,708
59$5,472,404$0$0$2,702,993
60$5,881,898$0$0$2,908,335
61$6,328,477$0$0$3,132,406
62$6,815,776$0$0$3,377,045
63$7,347,796$0$0$3,644,279
64$7,928,941$0$0$3,936,339
65$8,564,061$0$0$4,255,679
66$9,258,493$0$0$4,605,004
67$10,018,116$0$0$4,987,290
68$10,849,401$0$0$5,405,816
69$11,759,475$0$0$5,864,190
70$12,756,184$0$0$6,366,389
71$13,848,170$0$0$6,916,790
72$15,044,951$0$0$7,520,213
73$16,357,008$0$0$8,181,971
74$17,795,886$0$0$8,907,910
75$19,374,298$0$0$9,704,474
76$21,106,251$0$0$10,578,758
77$23,007,169$0$0$11,538,578
78$25,094,045$0$0$12,592,544
79$27,385,598$0$0$13,750,142
80$29,902,446$0$0$15,021,819
81$32,667,303$0$0$16,419,086
82$35,705,191$0$0$17,954,623
83$39,043,678$0$0$19,642,400
84$42,713,132$0$0$21,497,806
85$46,747,011$0$0$23,537,799
86$51,182,175$0$0$25,781,058
87$56,059,236$0$0$28,248,165
88$61,422,936$0$0$30,961,796
89$67,322,572$0$0$33,946,935
90$73,812,457$0$0$37,231,111
91$80,952,434$0$0$40,844,652
92$88,808,439$0$0$44,820,978
93$97,453,120$0$0$49,196,909
94$106,966,524$0$0$54,013,017
95$117,436,852$0$0$59,314,006
96$128,961,284$0$0$65,149,134
97$141,646,904$0$0$71,572,674
98$155,611,701$0$0$78,644,434
99$170,985,688$0$0$86,430,310
100$187,912,121$0$0$95,002,916