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%19%
1 years$78,946$78,242$77,556$76,887$76,233$73,470
2 years$39,082$38,354$37,649$36,965$36,301$33,548
3 years$25,796$25,065$24,361$23,684$23,031$20,374
4 years$19,154$18,425$17,729$17,063$16,426$13,885
5 years$15,170$14,446$13,758$13,106$12,487$10,069
6 years$12,515$11,796$11,119$10,481$9,880$7,588
7 years$10,619$9,906$9,240$8,617$8,035$5,867
8 years$9,198$8,491$7,836$7,228$6,666$4,620
9 years$8,093$7,393$6,749$6,157$5,614$3,688
10 years$7,210$6,517$5,884$5,307$4,783$2,973
11 years$6,488$5,802$5,180$4,619$4,114$2,416
12 years$5,886$5,207$4,597$4,052$3,565$1,976
13 years$5,378$4,706$4,107$3,577$3,109$1,624
14 years$4,942$4,277$3,691$3,175$2,725$1,340
15 years$4,565$3,908$3,332$2,832$2,399$1,109
16 years$4,235$3,585$3,021$2,535$2,121$920
17 years$3,945$3,302$2,749$2,278$1,880$765
18 years$3,687$3,051$2,509$2,053$1,672$637
19 years$3,456$2,828$2,297$1,855$1,490$532
20 years$3,249$2,628$2,108$1,680$1,331$444
21 years$3,062$2,447$1,939$1,525$1,191$371
22 years$2,892$2,285$1,787$1,386$1,068$311
23 years$2,737$2,137$1,650$1,263$958$260
24 years$2,595$2,002$1,526$1,152$861$218
25 years$2,465$1,879$1,414$1,052$775$183
26 years$2,345$1,766$1,311$962$698$153
27 years$2,234$1,662$1,217$880$630$129
28 years$2,131$1,566$1,132$806$568$108
29 years$2,035$1,477$1,053$740$513$91
30 years$1,946$1,395$981$679$463$76
31 years$1,863$1,319$915$623$419$64
32 years$1,785$1,248$853$573$379$54
33 years$1,712$1,182$797$527$343$45
34 years$1,644$1,120$744$485$311$38
35 years$1,579$1,062$696$446$281$32
36 years$1,518$1,008$651$411$255$27
37 years$1,461$958$609$379$231$22
38 years$1,407$910$571$349$209$19
39 years$1,356$865$535$322$190$16
40 years$1,307$823$501$297$172$13
41 years$1,261$784$470$274$156$11
42 years$1,217$746$441$253$142$9
43 years$1,175$711$414$233$129$8
44 years$1,136$678$388$215$117$7
45 years$1,098$646$365$199$106$6
46 years$1,062$617$342$184$96$5
47 years$1,028$589$322$170$87$4
48 years$995$562$302$157$79$3
49 years$963$537$284$145$72$3
50 years$933$513$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 $956,000, adding $2,786 every year, while hoping to spend $30,161 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: 48/23/29 Blend
29$956,000$956,000$956,000$956,000
30$1,056,386$1,005,718$990,900$1,098,222
31$1,132,046$1,022,907$992,004$1,145,167
32$1,214,413$1,039,927$992,134$1,192,952
33$1,304,138$1,056,739$991,226$1,244,270
34$1,401,940$1,073,299$989,212$1,299,470
35$1,508,608$1,089,561$986,021$1,358,938
36$1,625,012$1,105,476$981,578$1,423,100
37$1,752,109$1,120,989$975,807$1,492,424
38$1,890,952$1,136,046$968,624$1,567,432
39$2,042,701$1,150,584$959,945$1,648,695
40$2,208,633$1,164,539$949,680$1,736,848
41$2,390,154$1,177,842$937,734$1,832,587
42$2,588,811$1,190,418$924,010$1,936,686
43$2,806,310$1,202,188$908,404$2,049,996
44$3,044,527$1,213,068$890,809$2,173,458
45$3,305,529$1,222,969$871,111$2,308,108
46$3,591,592$1,231,794$849,193$2,455,094
47$3,905,225$1,239,442$824,931$2,615,679
48$4,249,188$1,245,804$798,196$2,791,260
49$4,626,522$1,250,766$768,853$2,983,377
50$5,040,578$1,254,204$736,760$3,193,730
51$5,495,045$1,255,988$701,769$3,424,196
52$5,993,988$1,255,980$663,727$3,676,844
53$6,541,884$1,254,033$622,472$3,953,961
54$7,143,666$1,249,990$577,834$4,258,065
55$7,804,767$1,243,687$529,639$4,591,940
56$8,531,172$1,234,946$477,700$4,958,652
57$9,329,476$1,223,583$421,827$5,361,589
58$10,206,942$1,209,398$361,818$5,804,484
59$11,171,575$1,192,183$297,464$6,291,458
60$12,232,191$1,171,715$228,544$6,827,055
61$13,398,505$1,147,760$154,831$7,416,290
62$14,681,220$1,120,068$76,085$8,064,691
63$16,092,128$1,088,375$0$8,778,359
64$17,644,222$1,052,401$0$9,566,481
65$19,351,816$1,011,852$0$10,459,300
66$21,230,682$966,415$0$11,441,516
67$23,298,201$915,758$0$12,522,241
68$25,573,518$859,531$0$13,711,518
69$28,077,734$797,365$0$15,020,417
70$30,834,094$728,867$0$16,461,140
71$33,868,215$653,625$0$18,047,137
72$37,208,321$571,201$0$19,793,230
73$40,885,513$481,133$0$21,715,758
74$44,934,060$382,932$0$23,832,730
75$49,391,722$276,084$0$26,163,994
76$54,300,109$160,044$0$28,731,429
77$59,705,070$34,236$0$31,559,145
78$65,657,127$0$0$34,673,721
79$72,211,952$0$0$38,130,251
80$79,430,889$0$0$41,946,670
81$87,381,537$0$0$46,150,068
82$96,138,386$0$0$50,779,846
83$105,783,516$0$0$55,879,419
84$116,407,380$0$0$61,496,629
85$128,109,646$0$0$67,684,196
86$141,000,148$0$0$74,500,214
87$155,199,916$0$0$82,008,702
88$170,842,319$0$0$90,280,203
89$188,074,326$0$0$99,392,456
90$207,057,889$0$0$109,431,124
91$227,971,475$0$0$120,490,607
92$251,011,748$0$0$132,674,929
93$276,395,425$0$0$146,098,721
94$304,361,322$0$0$160,888,305
95$335,172,608$0$0$177,182,883
96$369,119,288$0$0$195,135,853
97$406,520,940$0$0$214,916,256
98$447,729,732$0$0$236,710,371
99$493,133,746$0$0$260,723,474
100$543,160,640$0$0$287,181,777