Can I retire at age 30 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$78,946$78,242$77,556$76,887$76,233$74,541
2 years$39,082$38,354$37,649$36,965$36,301$34,606
3 years$25,796$25,065$24,361$23,684$23,031$21,385
4 years$19,154$18,425$17,729$17,063$16,426$14,841
5 years$15,170$14,446$13,758$13,106$12,487$10,968
6 years$12,515$11,796$11,119$10,481$9,880$8,430
7 years$10,619$9,906$9,240$8,617$8,035$6,653
8 years$9,198$8,491$7,836$7,228$6,666$5,351
9 years$8,093$7,393$6,749$6,157$5,614$4,366
10 years$7,210$6,517$5,884$5,307$4,783$3,600
11 years$6,488$5,802$5,180$4,619$4,114$2,994
12 years$5,886$5,207$4,597$4,052$3,565$2,508
13 years$5,378$4,706$4,107$3,577$3,109$2,111
14 years$4,942$4,277$3,691$3,175$2,725$1,786
15 years$4,565$3,908$3,332$2,832$2,399$1,516
16 years$4,235$3,585$3,021$2,535$2,121$1,291
17 years$3,945$3,302$2,749$2,278$1,880$1,102
18 years$3,687$3,051$2,509$2,053$1,672$943
19 years$3,456$2,828$2,297$1,855$1,490$808
20 years$3,249$2,628$2,108$1,680$1,331$694
21 years$3,062$2,447$1,939$1,525$1,191$596
22 years$2,892$2,285$1,787$1,386$1,068$513
23 years$2,737$2,137$1,650$1,263$958$442
24 years$2,595$2,002$1,526$1,152$861$381
25 years$2,465$1,879$1,414$1,052$775$329
26 years$2,345$1,766$1,311$962$698$284
27 years$2,234$1,662$1,217$880$630$245
28 years$2,131$1,566$1,132$806$568$212
29 years$2,035$1,477$1,053$740$513$183
30 years$1,946$1,395$981$679$463$158
31 years$1,863$1,319$915$623$419$137
32 years$1,785$1,248$853$573$379$119
33 years$1,712$1,182$797$527$343$103
34 years$1,644$1,120$744$485$311$89
35 years$1,579$1,062$696$446$281$77
36 years$1,518$1,008$651$411$255$67
37 years$1,461$958$609$379$231$58
38 years$1,407$910$571$349$209$50
39 years$1,356$865$535$322$190$43
40 years$1,307$823$501$297$172$37
41 years$1,261$784$470$274$156$32
42 years$1,217$746$441$253$142$28
43 years$1,175$711$414$233$129$24
44 years$1,136$678$388$215$117$21
45 years$1,098$646$365$199$106$18
46 years$1,062$617$342$184$96$16
47 years$1,028$589$322$170$87$14
48 years$995$562$302$157$79$12
49 years$963$537$284$145$72$10
50 years$933$513$267$134$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $956,000, adding $4,703 every year, while hoping to spend $55,712 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: 39/32/29 Blend
29$956,000$956,000$956,000$956,000
30$1,058,363$1,007,695$992,877$1,090,390
31$1,107,039$997,795$966,861$1,104,369
32$1,158,813$985,543$938,107$1,114,011
33$1,213,941$970,764$906,463$1,123,385
34$1,272,706$953,274$871,772$1,132,502
35$1,335,416$932,878$833,870$1,141,381
36$1,402,408$909,369$792,585$1,150,045
37$1,474,053$882,527$747,736$1,158,526
38$1,550,756$852,121$699,135$1,166,865
39$1,632,963$817,905$646,586$1,175,112
40$1,721,163$779,620$589,884$1,183,328
41$1,815,890$736,990$528,814$1,191,588
42$1,917,733$689,725$463,151$1,199,978
43$2,027,338$637,518$392,663$1,208,604
44$2,145,414$580,043$317,104$1,217,588
45$2,272,739$516,958$236,220$1,227,073
46$2,410,168$447,899$149,743$1,237,225
47$2,558,642$372,482$57,397$1,248,236
48$2,719,193$290,304$0$1,260,328
49$2,892,957$200,935$0$1,286,488
50$3,081,182$103,924$0$1,334,053
51$3,285,240$0$0$1,385,674
52$3,506,639$0$0$1,442,252
53$3,747,040$0$0$1,543,530
54$4,008,268$0$0$1,653,693
55$4,292,330$0$0$1,773,605
56$4,601,436$0$0$1,904,211
57$4,938,016$0$0$2,046,555
58$5,304,745$0$0$2,201,783
59$5,704,567$0$0$2,371,158
60$6,140,721$0$0$2,556,071
61$6,616,773$0$0$2,758,052
62$7,136,648$0$0$2,978,784
63$7,704,666$0$0$3,220,122
64$8,325,584$0$0$3,484,108
65$9,004,640$0$0$3,772,989
66$9,747,600$0$0$4,089,242
67$10,560,813$0$0$4,435,592
68$11,451,271$0$0$4,815,042
69$12,426,673$0$0$5,230,896
70$13,495,499$0$0$5,686,796
71$14,667,086$0$0$6,186,751
72$15,951,718$0$0$6,735,179
73$17,360,724$0$0$7,336,944
74$18,906,579$0$0$7,997,405
75$20,603,026$0$0$8,722,464
76$22,465,202$0$0$9,518,622
77$24,509,780$0$0$10,393,042
78$26,755,130$0$0$11,353,614
79$29,221,483$0$0$12,409,029
80$31,931,130$0$0$13,568,863
81$34,908,626$0$0$14,843,665
82$38,181,024$0$0$16,245,056
83$41,778,125$0$0$17,785,840
84$45,732,764$0$0$19,480,124
85$50,081,114$0$0$21,343,448
86$54,863,029$0$0$23,392,936
87$60,122,419$0$0$25,647,455
88$65,907,662$0$0$28,127,790
89$72,272,063$0$0$30,856,845
90$79,274,349$0$0$33,859,854
91$86,979,231$0$0$37,164,622
92$95,458,006$0$0$40,801,785
93$104,789,233$0$0$44,805,098
94$115,059,472$0$0$49,211,758
95$126,364,101$0$0$54,062,749
96$138,808,211$0$0$59,403,229
97$152,507,603$0$0$65,282,960
98$167,589,872$0$0$71,756,772
99$184,195,617$0$0$78,885,084
100$202,479,763$0$0$86,734,472