Can I retire at age 30 with 956,000?

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 $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%14%
1 years$78,946$78,242$77,556$76,887$76,233$74,970
2 years$39,082$38,354$37,649$36,965$36,301$35,033
3 years$25,796$25,065$24,361$23,684$23,031$21,796
4 years$19,154$18,425$17,729$17,063$16,426$15,234
5 years$15,170$14,446$13,758$13,106$12,487$11,342
6 years$12,515$11,796$11,119$10,481$9,880$8,783
7 years$10,619$9,906$9,240$8,617$8,035$6,987
8 years$9,198$8,491$7,836$7,228$6,666$5,665
9 years$8,093$7,393$6,749$6,157$5,614$4,661
10 years$7,210$6,517$5,884$5,307$4,783$3,877
11 years$6,488$5,802$5,180$4,619$4,114$3,253
12 years$5,886$5,207$4,597$4,052$3,565$2,749
13 years$5,378$4,706$4,107$3,577$3,109$2,336
14 years$4,942$4,277$3,691$3,175$2,725$1,995
15 years$4,565$3,908$3,332$2,832$2,399$1,710
16 years$4,235$3,585$3,021$2,535$2,121$1,471
17 years$3,945$3,302$2,749$2,278$1,880$1,268
18 years$3,687$3,051$2,509$2,053$1,672$1,096
19 years$3,456$2,828$2,297$1,855$1,490$949
20 years$3,249$2,628$2,108$1,680$1,331$824
21 years$3,062$2,447$1,939$1,525$1,191$716
22 years$2,892$2,285$1,787$1,386$1,068$622
23 years$2,737$2,137$1,650$1,263$958$542
24 years$2,595$2,002$1,526$1,152$861$473
25 years$2,465$1,879$1,414$1,052$775$412
26 years$2,345$1,766$1,311$962$698$360
27 years$2,234$1,662$1,217$880$630$314
28 years$2,131$1,566$1,132$806$568$275
29 years$2,035$1,477$1,053$740$513$240
30 years$1,946$1,395$981$679$463$210
31 years$1,863$1,319$915$623$419$184
32 years$1,785$1,248$853$573$379$161
33 years$1,712$1,182$797$527$343$141
34 years$1,644$1,120$744$485$311$123
35 years$1,579$1,062$696$446$281$108
36 years$1,518$1,008$651$411$255$95
37 years$1,461$958$609$379$231$83
38 years$1,407$910$571$349$209$73
39 years$1,356$865$535$322$190$64
40 years$1,307$823$501$297$172$56
41 years$1,261$784$470$274$156$49
42 years$1,217$746$441$253$142$43
43 years$1,175$711$414$233$129$38
44 years$1,136$678$388$215$117$33
45 years$1,098$646$365$199$106$29
46 years$1,062$617$342$184$96$25
47 years$1,028$589$322$170$87$22
48 years$995$562$302$157$79$20
49 years$963$537$284$145$72$17
50 years$933$513$267$134$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $956,000, adding $2,352 every year, while hoping to spend $24,972 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: 54/39/7 Blend
29$956,000$956,000$956,000$956,000
30$1,055,938$1,005,270$990,452$1,111,102
31$1,137,074$1,027,958$997,062$1,171,364
32$1,225,648$1,050,921$1,003,057$1,233,965
33$1,322,394$1,074,146$1,008,389$1,301,490
34$1,428,118$1,097,619$1,013,009$1,374,409
35$1,543,706$1,121,322$1,016,866$1,453,240
36$1,670,137$1,145,240$1,019,904$1,538,554
37$1,808,487$1,169,353$1,022,066$1,630,979
38$1,959,940$1,193,639$1,023,293$1,731,208
39$2,125,802$1,218,075$1,023,521$1,840,002
40$2,307,509$1,242,636$1,022,684$1,958,202
41$2,506,644$1,267,294$1,020,713$2,086,732
42$2,724,949$1,292,018$1,017,534$2,226,614
43$2,964,344$1,316,777$1,013,072$2,378,970
44$3,226,943$1,341,535$1,007,246$2,545,037
45$3,515,074$1,366,254$999,972$2,726,181
46$3,831,303$1,390,892$991,162$2,923,903
47$4,178,454$1,415,404$980,724$3,139,861
48$4,559,640$1,439,742$968,562$3,375,880
49$4,978,289$1,463,856$954,575$3,633,971
50$5,438,178$1,487,688$938,656$3,916,352
51$5,943,467$1,511,179$920,696$4,225,465
52$6,498,738$1,534,264$900,577$4,564,005
53$7,109,042$1,556,876$878,179$4,934,938
54$7,779,942$1,578,940$853,375$5,341,535
55$8,517,565$1,600,377$826,032$5,787,403
56$9,328,663$1,621,103$796,011$6,276,513
57$10,220,677$1,641,026$763,167$6,813,247
58$11,201,801$1,660,052$727,349$7,402,430
59$12,281,066$1,678,076$688,396$8,049,383
60$13,468,422$1,694,989$646,145$8,759,969
61$14,774,831$1,710,673$600,420$9,540,653
62$16,212,371$1,725,003$551,042$10,398,557
63$17,794,351$1,737,847$497,820$11,341,534
64$19,535,435$1,749,062$440,558$12,378,237
65$21,451,781$1,758,497$379,048$13,518,204
66$23,561,192$1,765,993$313,075$14,771,950
67$25,883,284$1,771,377$242,414$16,151,061
68$28,439,674$1,774,469$166,829$17,668,310
69$31,254,178$1,775,076$86,076$19,337,773
70$34,353,043$1,772,993$0$21,174,967
71$37,765,186$1,768,002$0$23,196,999
72$41,522,474$1,759,873$0$25,429,572
73$45,660,020$1,748,361$0$27,887,046
74$50,216,517$1,733,205$0$30,592,339
75$55,234,600$1,714,131$0$33,570,710
76$60,761,252$1,690,847$0$36,849,998
77$66,848,244$1,663,042$0$40,460,883
78$73,552,622$1,630,389$0$44,437,181
79$80,937,252$1,592,540$0$48,816,157
80$89,071,406$1,549,128$0$53,638,885
81$98,031,417$1,499,764$0$58,950,629
82$107,901,404$1,444,034$0$64,801,278
83$118,774,059$1,381,504$0$71,245,812
84$130,751,526$1,311,711$0$78,344,828
85$143,946,364$1,234,167$0$86,165,107
86$158,482,608$1,148,356$0$94,780,247
87$174,496,941$1,053,733$0$104,271,365
88$192,139,983$949,719$0$114,727,853
89$211,577,713$835,707$0$126,248,234
90$232,993,033$711,050$0$138,941,086
91$256,587,500$575,069$0$152,926,072
92$282,583,221$427,044$0$168,335,070
93$311,224,956$266,215$0$185,313,419
94$342,782,422$91,780$0$204,021,297
95$377,552,844$0$0$224,635,229
96$415,863,758$0$0$247,391,433
97$458,076,101$0$0$272,508,610
98$504,587,622$0$0$300,184,061
99$555,836,632$0$0$330,678,615
100$612,306,145$0$0$364,279,700