Can I retire at age 30 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$79,028$78,324$77,637$76,967$76,313$74,018
2 years$39,123$38,394$37,688$37,003$36,339$34,047
3 years$25,823$25,091$24,387$23,708$23,055$20,837
4 years$19,174$18,445$17,747$17,081$16,443$14,316
5 years$15,186$14,461$13,773$13,120$12,500$10,469
6 years$12,528$11,808$11,130$10,492$9,891$7,959
7 years$10,630$9,917$9,249$8,626$8,044$6,210
8 years$9,208$8,500$7,844$7,236$6,673$4,937
9 years$8,102$7,401$6,756$6,164$5,620$3,979
10 years$7,217$6,524$5,890$5,313$4,788$3,241
11 years$6,494$5,808$5,186$4,624$4,118$2,661
12 years$5,892$5,213$4,602$4,056$3,569$2,200
13 years$5,383$4,711$4,112$3,581$3,112$1,827
14 years$4,947$4,282$3,694$3,178$2,728$1,524
15 years$4,570$3,912$3,336$2,835$2,402$1,276
16 years$4,240$3,589$3,024$2,538$2,123$1,071
17 years$3,949$3,305$2,752$2,280$1,882$901
18 years$3,691$3,054$2,512$2,055$1,674$760
19 years$3,460$2,831$2,300$1,857$1,492$642
20 years$3,253$2,630$2,111$1,682$1,332$543
21 years$3,065$2,450$1,941$1,526$1,192$459
22 years$2,895$2,287$1,789$1,388$1,069$389
23 years$2,740$2,139$1,652$1,264$959$330
24 years$2,598$2,004$1,528$1,153$862$280
25 years$2,467$1,881$1,415$1,053$776$238
26 years$2,347$1,768$1,312$963$699$202
27 years$2,236$1,663$1,219$881$630$172
28 years$2,133$1,568$1,133$807$569$146
29 years$2,037$1,479$1,054$740$513$124
30 years$1,948$1,397$982$679$464$106
31 years$1,865$1,320$916$624$419$90
32 years$1,787$1,249$854$573$379$76
33 years$1,714$1,183$798$527$343$65
34 years$1,645$1,121$745$485$311$55
35 years$1,581$1,063$697$447$282$47
36 years$1,520$1,009$652$411$255$40
37 years$1,463$959$610$379$231$34
38 years$1,408$911$571$349$210$29
39 years$1,357$866$535$322$190$25
40 years$1,308$824$502$297$172$21
41 years$1,262$785$470$274$156$18
42 years$1,218$747$441$253$142$15
43 years$1,177$712$414$234$129$13
44 years$1,137$679$389$216$117$11
45 years$1,099$647$365$199$106$9
46 years$1,063$617$343$184$96$8
47 years$1,029$589$322$170$88$7
48 years$996$562$303$157$79$6
49 years$964$537$284$145$72$5
50 years$934$513$267$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $957,000, adding $5,068 every year, while hoping to spend $20,554 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: 49/32/19 Blend
29$957,000$957,000$957,000$957,000
30$1,059,842$1,009,121$994,287$1,105,902
31$1,146,076$1,036,698$1,005,726$1,165,922
32$1,240,418$1,064,938$1,016,860$1,228,580
33$1,343,672$1,093,852$1,027,656$1,296,212
34$1,456,724$1,123,449$1,038,081$1,369,293
35$1,580,553$1,153,740$1,048,099$1,448,347
36$1,716,231$1,184,735$1,057,673$1,533,952
37$1,864,945$1,216,445$1,066,762$1,626,741
38$2,027,997$1,248,879$1,075,327$1,727,415
39$2,206,825$1,282,046$1,083,323$1,836,744
40$2,403,011$1,315,956$1,090,703$1,955,576
41$2,618,296$1,350,617$1,097,421$2,084,846
42$2,854,602$1,386,036$1,103,424$2,225,582
43$3,114,042$1,422,222$1,108,659$2,378,919
44$3,398,945$1,459,182$1,113,070$2,546,106
45$3,711,877$1,496,922$1,116,597$2,728,518
46$4,055,665$1,535,447$1,119,180$2,927,673
47$4,433,422$1,574,764$1,120,752$3,145,240
48$4,848,579$1,614,875$1,121,245$3,383,059
49$5,304,915$1,655,785$1,120,587$3,643,159
50$5,806,593$1,697,495$1,118,704$3,927,773
51$6,358,201$1,740,008$1,115,516$4,239,364
52$6,964,792$1,783,322$1,110,940$4,580,645
53$7,631,933$1,827,438$1,104,889$4,954,604
54$8,365,761$1,872,352$1,097,273$5,364,535
55$9,173,032$1,918,062$1,087,996$5,814,069
56$10,061,196$1,964,561$1,076,957$6,307,205
57$11,038,456$2,011,842$1,064,054$6,848,351
58$12,113,854$2,059,898$1,049,175$7,442,365
59$13,297,350$2,108,717$1,032,206$8,094,600
60$14,599,922$2,158,286$1,013,027$8,810,954
61$16,033,663$2,208,591$991,512$9,597,929
62$17,611,899$2,259,613$967,529$10,462,689
63$19,349,312$2,311,335$940,942$11,413,128
64$21,262,084$2,363,732$911,605$12,457,948
65$23,368,041$2,416,780$879,369$13,606,738
66$25,686,829$2,470,449$844,075$14,870,065
67$28,240,093$2,524,709$805,559$16,259,574
68$31,051,686$2,579,523$763,649$17,788,100
69$34,147,891$2,634,853$718,164$19,469,787
70$37,557,671$2,690,656$668,918$21,320,222
71$41,312,939$2,746,883$615,712$23,356,585
72$45,448,863$2,803,484$558,342$25,597,807
73$50,004,194$2,860,402$496,594$28,064,753
74$55,021,634$2,917,574$430,242$30,780,415
75$60,548,240$2,974,934$359,054$33,770,135
76$66,635,862$3,032,408$282,784$37,061,840
77$73,341,641$3,089,917$201,178$40,686,307
78$80,728,540$3,147,374$113,970$44,677,454
79$88,865,943$3,204,688$20,880$49,072,662
80$97,830,309$3,261,758$0$53,913,126
81$107,705,892$3,318,475$0$59,260,153
82$118,585,536$3,374,723$0$65,153,420
83$130,571,553$3,430,377$0$71,643,896
84$143,776,689$3,485,303$0$78,792,412
85$158,325,184$3,539,355$0$86,666,010
86$174,353,948$3,592,379$0$95,338,564
87$192,013,853$3,644,209$0$104,891,486
88$211,471,157$3,694,666$0$115,414,492
89$232,909,070$3,743,559$0$127,006,447
90$256,529,488$3,790,686$0$139,776,302
91$282,554,895$3,835,829$0$153,844,121
92$311,230,464$3,878,754$0$169,342,213
93$342,826,373$3,919,215$0$186,416,386
94$377,640,352$3,956,945$0$205,227,318
95$416,000,496$3,991,664$0$225,952,078
96$458,268,361$4,023,070$0$248,785,799
97$504,842,377$4,050,843$0$273,943,516
98$556,161,607$4,074,642$0$301,662,199
99$612,709,896$4,094,105$0$332,202,993
100$675,020,434$4,108,845$0$365,853,680