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%
1 years$79,028$78,324$77,637$76,967$76,313$74,137
2 years$39,123$38,394$37,688$37,003$36,339$34,165
3 years$25,823$25,091$24,387$23,708$23,055$20,949
4 years$19,174$18,445$17,747$17,081$16,443$14,422
5 years$15,186$14,461$13,773$13,120$12,500$10,569
6 years$12,528$11,808$11,130$10,492$9,891$8,052
7 years$10,630$9,917$9,249$8,626$8,044$6,298
8 years$9,208$8,500$7,844$7,236$6,673$5,018
9 years$8,102$7,401$6,756$6,164$5,620$4,055
10 years$7,217$6,524$5,890$5,313$4,788$3,311
11 years$6,494$5,808$5,186$4,624$4,118$2,726
12 years$5,892$5,213$4,602$4,056$3,569$2,259
13 years$5,383$4,711$4,112$3,581$3,112$1,881
14 years$4,947$4,282$3,694$3,178$2,728$1,574
15 years$4,570$3,912$3,336$2,835$2,402$1,321
16 years$4,240$3,589$3,024$2,538$2,123$1,112
17 years$3,949$3,305$2,752$2,280$1,882$939
18 years$3,691$3,054$2,512$2,055$1,674$794
19 years$3,460$2,831$2,300$1,857$1,492$672
20 years$3,253$2,630$2,111$1,682$1,332$570
21 years$3,065$2,450$1,941$1,526$1,192$484
22 years$2,895$2,287$1,789$1,388$1,069$411
23 years$2,740$2,139$1,652$1,264$959$350
24 years$2,598$2,004$1,528$1,153$862$298
25 years$2,467$1,881$1,415$1,053$776$254
26 years$2,347$1,768$1,312$963$699$216
27 years$2,236$1,663$1,219$881$630$184
28 years$2,133$1,568$1,133$807$569$157
29 years$2,037$1,479$1,054$740$513$134
30 years$1,948$1,397$982$679$464$115
31 years$1,865$1,320$916$624$419$98
32 years$1,787$1,249$854$573$379$83
33 years$1,714$1,183$798$527$343$71
34 years$1,645$1,121$745$485$311$61
35 years$1,581$1,063$697$447$282$52
36 years$1,520$1,009$652$411$255$44
37 years$1,463$959$610$379$231$38
38 years$1,408$911$571$349$210$32
39 years$1,357$866$535$322$190$28
40 years$1,308$824$502$297$172$24
41 years$1,262$785$470$274$156$20
42 years$1,218$747$441$253$142$17
43 years$1,177$712$414$234$129$15
44 years$1,137$679$389$216$117$13
45 years$1,099$647$365$199$106$11
46 years$1,063$617$343$184$96$9
47 years$1,029$589$322$170$88$8
48 years$996$562$303$157$79$7
49 years$964$537$284$145$72$6
50 years$934$513$267$134$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $957,000, adding $6,620 every year, while hoping to spend $36,447 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: 82/10/8 Blend
29$957,000$957,000$957,000$957,000
30$1,061,443$1,010,722$995,888$1,146,904
31$1,130,930$1,021,468$990,471$1,214,535
32$1,206,284$1,031,519$983,651$1,283,230
33$1,288,064$1,040,802$975,342$1,357,532
34$1,376,886$1,049,241$965,456$1,437,981
35$1,473,428$1,056,752$953,897$1,525,174
36$1,578,433$1,063,249$940,568$1,619,767
37$1,692,723$1,068,638$925,367$1,722,482
38$1,817,198$1,072,819$908,185$1,834,116
39$1,952,853$1,075,687$888,909$1,955,544
40$2,100,778$1,077,131$867,422$2,087,733
41$2,262,178$1,077,030$843,601$2,231,747
42$2,438,374$1,075,258$817,316$2,388,758
43$2,630,824$1,071,682$788,432$2,560,057
44$2,841,132$1,066,158$756,808$2,747,067
45$3,071,063$1,058,535$722,296$2,951,356
46$3,322,561$1,048,653$684,743$3,174,650
47$3,597,767$1,036,342$643,986$3,418,853
48$3,899,037$1,021,421$599,858$3,686,062
49$4,228,967$1,003,699$552,182$3,978,589
50$4,590,416$982,974$500,774$4,298,978
51$4,986,530$959,032$445,442$4,650,037
52$5,420,776$931,645$385,984$5,034,858
53$5,896,973$900,573$322,192$5,456,848
54$6,419,325$865,561$253,846$5,919,763
55$6,992,464$826,341$180,718$6,427,741
56$7,621,491$782,629$102,568$6,985,344
57$8,312,027$734,121$19,148$7,597,596
58$9,070,262$680,501$0$8,270,037
59$9,903,015$621,431$0$9,014,737
60$10,817,797$556,556$0$9,834,591
61$11,822,884$485,500$0$10,735,400
62$12,927,393$407,864$0$11,725,360
63$14,141,367$323,229$0$12,813,505
64$15,475,870$231,151$0$14,009,785
65$16,943,094$131,163$0$15,325,167
66$18,556,468$22,768$0$16,771,736
67$20,330,789$0$0$18,362,807
68$22,282,361$0$0$20,123,460
69$24,429,144$0$0$22,063,009
70$26,790,930$0$0$24,196,830
71$29,389,523$0$0$26,544,628
72$32,248,949$0$0$29,128,113
73$35,395,680$0$0$31,971,205
74$38,858,883$0$0$35,100,261
75$42,670,698$0$0$38,544,323
76$46,866,537$0$0$42,335,390
77$51,485,419$0$0$46,508,721
78$56,570,339$0$0$51,103,169
79$62,168,674$0$0$56,161,542
80$68,332,627$0$0$61,731,015
81$75,119,718$0$0$67,863,564
82$82,593,334$0$0$74,616,468
83$90,823,318$0$0$82,052,838
84$99,886,633$0$0$90,242,221
85$109,868,084$0$0$99,261,251
86$120,861,124$0$0$109,194,373
87$132,968,728$0$0$120,134,640
88$146,304,371$0$0$132,184,592
89$160,993,093$0$0$145,457,219
90$177,172,684$0$0$160,077,033
91$194,994,979$0$0$176,181,239
92$214,627,295$0$0$193,921,028
93$236,254,007$0$0$213,463,009
94$260,078,287$0$0$234,990,776
95$286,324,024$0$0$258,706,643
96$315,237,935$0$0$284,833,554
97$347,091,895$0$0$313,617,182
98$382,185,498$0$0$345,328,254
99$420,848,892$0$0$380,265,103
100$463,445,886$0$0$418,756,481