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%13.8%
1 years$79,028$78,324$77,637$76,967$76,313$75,110
2 years$39,123$38,394$37,688$37,003$36,339$35,131
3 years$25,823$25,091$24,387$23,708$23,055$21,879
4 years$19,174$18,445$17,747$17,081$16,443$15,307
5 years$15,186$14,461$13,773$13,120$12,500$11,408
6 years$12,528$11,808$11,130$10,492$9,891$8,844
7 years$10,630$9,917$9,249$8,626$8,044$7,043
8 years$9,208$8,500$7,844$7,236$6,673$5,718
9 years$8,102$7,401$6,756$6,164$5,620$4,709
10 years$7,217$6,524$5,890$5,313$4,788$3,922
11 years$6,494$5,808$5,186$4,624$4,118$3,295
12 years$5,892$5,213$4,602$4,056$3,569$2,788
13 years$5,383$4,711$4,112$3,581$3,112$2,373
14 years$4,947$4,282$3,694$3,178$2,728$2,029
15 years$4,570$3,912$3,336$2,835$2,402$1,741
16 years$4,240$3,589$3,024$2,538$2,123$1,500
17 years$3,949$3,305$2,752$2,280$1,882$1,295
18 years$3,691$3,054$2,512$2,055$1,674$1,121
19 years$3,460$2,831$2,300$1,857$1,492$972
20 years$3,253$2,630$2,111$1,682$1,332$845
21 years$3,065$2,450$1,941$1,526$1,192$735
22 years$2,895$2,287$1,789$1,388$1,069$640
23 years$2,740$2,139$1,652$1,264$959$559
24 years$2,598$2,004$1,528$1,153$862$488
25 years$2,467$1,881$1,415$1,053$776$426
26 years$2,347$1,768$1,312$963$699$373
27 years$2,236$1,663$1,219$881$630$326
28 years$2,133$1,568$1,133$807$569$285
29 years$2,037$1,479$1,054$740$513$250
30 years$1,948$1,397$982$679$464$219
31 years$1,865$1,320$916$624$419$192
32 years$1,787$1,249$854$573$379$168
33 years$1,714$1,183$798$527$343$148
34 years$1,645$1,121$745$485$311$129
35 years$1,581$1,063$697$447$282$114
36 years$1,520$1,009$652$411$255$100
37 years$1,463$959$610$379$231$87
38 years$1,408$911$571$349$210$77
39 years$1,357$866$535$322$190$67
40 years$1,308$824$502$297$172$59
41 years$1,262$785$470$274$156$52
42 years$1,218$747$441$253$142$46
43 years$1,177$712$414$234$129$40
44 years$1,137$679$389$216$117$35
45 years$1,099$647$365$199$106$31
46 years$1,063$617$343$184$96$27
47 years$1,029$589$322$170$88$24
48 years$996$562$303$157$79$21
49 years$964$537$284$145$72$18
50 years$934$513$267$134$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $957,000, adding $3,639 every year, while hoping to spend $45,090 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: 61/9/30 Blend
29$957,000$957,000$957,000$957,000
30$1,058,368$1,007,647$992,813$1,114,122
31$1,118,346$1,009,046$978,097$1,153,976
32$1,182,930$1,009,003$961,377$1,192,319
33$1,252,544$1,007,398$942,537$1,233,241
34$1,327,650$1,004,107$921,459$1,277,006
35$1,408,758$998,997$898,016$1,323,905
36$1,496,429$991,925$872,076$1,374,260
37$1,591,277$982,741$843,503$1,428,428
38$1,693,979$971,288$812,153$1,486,805
39$1,805,280$957,395$777,875$1,549,828
40$1,925,996$940,886$740,511$1,617,981
41$2,057,027$921,569$699,898$1,691,800
42$2,199,363$899,245$655,864$1,771,879
43$2,354,092$873,702$608,229$1,858,873
44$2,522,410$844,714$556,806$1,953,507
45$2,705,636$812,044$501,398$2,056,585
46$2,905,217$775,441$441,801$2,168,992
47$3,122,749$734,637$377,801$2,291,711
48$3,359,987$689,352$309,175$2,425,825
49$3,618,863$639,288$235,690$2,572,532
50$3,901,503$584,129$157,102$2,733,157
51$4,210,249$523,544$73,157$2,909,164
52$4,547,676$457,179$0$3,102,169
53$4,916,623$384,665$0$3,319,218
54$5,320,212$305,607$0$3,582,357
55$5,761,883$219,591$0$3,870,416
56$6,245,423$126,179$0$4,185,901
57$6,775,003$24,909$0$4,531,568
58$7,355,216$0$0$4,910,460
59$7,991,119$0$0$5,334,315
60$8,688,282$0$0$5,801,782
61$9,452,842$0$0$6,314,516
62$10,291,554$0$0$6,877,060
63$11,211,863$0$0$7,494,414
64$12,221,966$0$0$8,172,089
65$13,330,895$0$0$8,916,155
66$14,548,596$0$0$9,733,296
67$15,886,028$0$0$10,630,878
68$17,355,262$0$0$11,617,014
69$18,969,598$0$0$12,700,642
70$20,743,685$0$0$13,891,609
71$22,693,663$0$0$15,200,763
72$24,837,314$0$0$16,640,055
73$27,194,227$0$0$18,222,653
74$29,785,986$0$0$19,963,063
75$32,636,370$0$0$21,877,268
76$35,771,578$0$0$23,982,878
77$39,220,475$0$0$26,299,296
78$43,014,866$0$0$28,847,899
79$47,189,793$0$0$31,652,240
80$51,783,866$0$0$34,738,273
81$56,839,627$0$0$38,134,592
82$62,403,950$0$0$41,872,706
83$68,528,484$0$0$45,987,332
84$75,270,141$0$0$50,516,723
85$82,691,626$0$0$55,503,030
86$90,862,036$0$0$60,992,700
87$99,857,508$0$0$67,036,909
88$109,761,936$0$0$73,692,050
89$120,667,763$0$0$81,020,263
90$132,676,853$0$0$89,090,020
91$145,901,450$0$0$97,976,772
92$160,465,241$0$0$107,763,659
93$176,504,516$0$0$118,542,295
94$194,169,460$0$0$130,413,635
95$213,625,565$0$0$143,488,923
96$235,055,193$0$0$157,890,742
97$258,659,298$0$0$173,754,175
98$284,659,318$0$0$191,228,072
99$313,299,269$0$0$210,476,463
100$344,848,043$0$0$231,680,098