Can I retire at age 30 with 955,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$78,863$78,161$77,475$76,806$76,153$73,774
2 years$39,041$38,314$37,609$36,926$36,263$33,888
3 years$25,769$25,039$24,336$23,659$23,007$20,710
4 years$19,134$18,406$17,710$17,045$16,409$14,207
5 years$15,154$14,431$13,744$13,092$12,474$10,373
6 years$12,502$11,784$11,107$10,470$9,870$7,873
7 years$10,608$9,896$9,230$8,608$8,027$6,133
8 years$9,188$8,483$7,828$7,221$6,659$4,867
9 years$8,085$7,386$6,742$6,151$5,608$3,915
10 years$7,202$6,510$5,878$5,302$4,778$3,183
11 years$6,481$5,796$5,175$4,614$4,109$2,609
12 years$5,880$5,202$4,592$4,047$3,561$2,152
13 years$5,372$4,701$4,103$3,573$3,105$1,784
14 years$4,937$4,273$3,687$3,172$2,722$1,485
15 years$4,560$3,903$3,329$2,829$2,397$1,241
16 years$4,231$3,581$3,018$2,533$2,118$1,039
17 years$3,941$3,298$2,746$2,276$1,878$873
18 years$3,683$3,048$2,507$2,051$1,670$734
19 years$3,453$2,825$2,295$1,853$1,489$618
20 years$3,246$2,625$2,106$1,678$1,330$522
21 years$3,059$2,445$1,937$1,523$1,190$441
22 years$2,889$2,282$1,785$1,385$1,067$372
23 years$2,734$2,134$1,649$1,261$957$315
24 years$2,592$2,000$1,525$1,150$861$267
25 years$2,462$1,877$1,412$1,051$774$226
26 years$2,342$1,764$1,310$961$697$191
27 years$2,231$1,660$1,216$879$629$162
28 years$2,128$1,564$1,131$806$567$138
29 years$2,033$1,476$1,052$739$512$117
30 years$1,944$1,394$980$678$463$99
31 years$1,861$1,317$914$623$419$84
32 years$1,783$1,247$852$572$379$71
33 years$1,710$1,181$796$526$343$61
34 years$1,642$1,119$744$484$310$51
35 years$1,577$1,061$695$446$281$44
36 years$1,517$1,007$650$411$255$37
37 years$1,460$957$609$378$231$31
38 years$1,405$909$570$349$209$27
39 years$1,354$865$534$321$190$23
40 years$1,306$823$501$296$172$19
41 years$1,260$783$469$274$156$16
42 years$1,216$746$440$252$142$14
43 years$1,174$710$413$233$129$12
44 years$1,135$677$388$215$117$10
45 years$1,097$646$364$199$106$9
46 years$1,061$616$342$184$96$7
47 years$1,027$588$321$170$87$6
48 years$994$561$302$157$79$5
49 years$962$536$284$145$72$4
50 years$932$512$267$134$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $955,000, adding $6,127 every year, while hoping to spend $25,314 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: 68/24/8 Blend
29$955,000$955,000$955,000$955,000
30$1,058,730$1,008,115$993,313$1,128,770
31$1,139,787$1,030,579$999,655$1,198,477
32$1,228,262$1,053,295$1,005,361$1,271,040
33$1,324,888$1,076,249$1,010,383$1,349,714
34$1,430,466$1,099,425$1,014,670$1,435,095
35$1,545,882$1,122,805$1,018,171$1,527,837
36$1,672,111$1,146,371$1,020,828$1,628,661
37$1,810,223$1,170,101$1,022,583$1,738,359
38$1,961,402$1,193,971$1,023,375$1,857,807
39$2,126,946$1,217,957$1,023,139$1,987,967
40$2,308,289$1,242,031$1,021,808$2,129,900
41$2,507,007$1,266,163$1,019,312$2,284,774
42$2,724,837$1,290,321$1,015,574$2,453,877
43$2,963,692$1,314,468$1,010,518$2,638,627
44$3,225,680$1,338,569$1,004,062$2,840,587
45$3,513,121$1,362,580$996,119$3,061,479
46$3,828,571$1,386,458$986,601$3,303,199
47$4,174,846$1,410,156$975,413$3,567,838
48$4,555,048$1,433,621$962,457$3,857,699
49$4,972,593$1,456,798$947,629$4,175,320
50$5,431,244$1,479,628$930,821$4,523,498
51$5,935,149$1,502,048$911,922$4,905,313
52$6,488,874$1,523,988$890,811$5,324,164
53$7,097,453$1,545,376$867,366$5,783,790
54$7,766,427$1,566,134$841,457$6,288,318
55$8,501,906$1,586,178$812,949$6,842,290
56$9,310,617$1,605,417$781,700$7,450,715
57$10,199,974$1,623,757$747,562$8,119,114
58$11,178,146$1,641,096$710,379$8,853,567
59$12,254,132$1,657,324$669,991$9,660,778
60$13,437,846$1,672,326$626,229$10,548,133
61$14,740,213$1,685,976$578,914$11,523,775
62$16,173,270$1,698,145$527,864$12,596,674
63$17,750,281$1,708,691$472,884$13,776,718
64$19,485,857$1,717,465$413,773$15,074,803
65$21,396,102$1,724,307$350,322$16,502,938
66$23,498,755$1,729,050$282,309$18,074,357
67$25,813,368$1,731,513$209,506$19,803,646
68$28,361,480$1,731,505$131,673$21,706,879
69$31,166,826$1,728,824$48,559$23,801,771
70$34,255,561$1,723,255$0$26,107,844
71$37,656,502$1,714,569$0$28,650,041
72$41,401,407$1,702,524$0$31,453,293
73$45,525,265$1,686,863$0$34,539,608
74$50,066,636$1,667,313$0$37,937,812
75$55,068,008$1,643,586$0$41,679,670
76$60,576,198$1,615,376$0$45,800,189
77$66,642,799$1,582,357$0$50,337,948
78$73,324,659$1,544,187$0$55,335,461
79$80,684,424$1,500,503$0$60,839,580
80$88,791,126$1,450,918$0$66,901,939
81$97,720,833$1,395,025$0$73,579,437
82$107,557,371$1,332,394$0$80,934,782
83$118,393,109$1,262,567$0$89,037,075
84$130,329,836$1,185,064$0$97,962,474
85$143,479,720$1,099,372$0$107,794,902
86$157,966,363$1,004,953$0$118,626,846
87$173,925,972$901,236$0$130,560,233
88$191,508,644$787,619$0$143,707,385
89$210,879,778$663,464$0$158,192,086
90$232,221,641$528,100$0$174,150,751
91$255,735,086$380,815$0$191,733,712
92$281,641,448$220,858$0$211,106,639
93$310,184,632$47,437$0$232,452,105
94$341,633,418$0$0$255,971,313
95$376,283,993$0$0$281,923,039
96$414,462,752$0$0$310,531,126
97$456,529,375$0$0$342,052,574
98$502,880,223$0$0$376,784,399
99$553,952,080$0$0$415,053,907
100$610,226,276$0$0$457,221,787