Can I retire at age 30 with 958,000?

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 $958,000?

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%
1 years$79,111$78,406$77,719$77,048$76,392$75,096
2 years$39,164$38,434$37,727$37,042$36,377$35,075
3 years$25,850$25,117$24,412$23,733$23,079$21,812
4 years$19,194$18,464$17,766$17,098$16,460$15,238
5 years$15,202$14,476$13,787$13,133$12,513$11,338
6 years$12,541$11,821$11,142$10,503$9,901$8,776
7 years$10,641$9,927$9,259$8,635$8,052$6,977
8 years$9,217$8,509$7,852$7,244$6,680$5,654
9 years$8,110$7,409$6,763$6,170$5,626$4,649
10 years$7,225$6,531$5,896$5,319$4,793$3,865
11 years$6,501$5,814$5,191$4,629$4,122$3,241
12 years$5,898$5,218$4,607$4,060$3,572$2,737
13 years$5,389$4,716$4,116$3,584$3,115$2,324
14 years$4,952$4,286$3,698$3,182$2,731$1,983
15 years$4,575$3,916$3,339$2,838$2,404$1,699
16 years$4,244$3,593$3,027$2,541$2,125$1,460
17 years$3,953$3,309$2,755$2,283$1,884$1,258
18 years$3,695$3,057$2,515$2,057$1,675$1,087
19 years$3,464$2,833$2,302$1,859$1,493$941
20 years$3,256$2,633$2,113$1,684$1,334$815
21 years$3,068$2,453$1,943$1,528$1,194$708
22 years$2,898$2,289$1,791$1,389$1,070$615
23 years$2,743$2,141$1,654$1,265$960$535
24 years$2,600$2,006$1,529$1,154$863$466
25 years$2,470$1,883$1,417$1,054$777$406
26 years$2,350$1,769$1,314$964$700$355
27 years$2,238$1,665$1,220$882$631$309
28 years$2,135$1,569$1,134$808$569$270
29 years$2,039$1,480$1,055$741$514$236
30 years$1,950$1,398$983$680$464$206
31 years$1,867$1,322$916$625$420$180
32 years$1,789$1,250$855$574$380$158
33 years$1,716$1,184$798$528$344$138
34 years$1,647$1,122$746$486$311$121
35 years$1,582$1,065$697$447$282$106
36 years$1,522$1,010$652$412$255$93
37 years$1,464$960$611$379$231$81
38 years$1,410$912$572$350$210$71
39 years$1,358$867$536$322$190$62
40 years$1,310$825$502$297$173$54
41 years$1,264$785$471$274$157$48
42 years$1,220$748$442$253$142$42
43 years$1,178$713$414$234$129$37
44 years$1,138$679$389$216$117$32
45 years$1,100$648$365$199$106$28
46 years$1,064$618$343$184$96$25
47 years$1,030$590$322$170$88$22
48 years$997$563$303$157$80$19
49 years$965$538$285$145$72$17
50 years$935$514$268$134$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $958,000, adding $6,482 every year, while hoping to spend $26,504 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: 49/30/21 Blend
29$958,000$958,000$958,000$958,000
30$1,062,402$1,011,628$996,779$1,107,892
31$1,142,567$1,032,998$1,001,971$1,161,533
32$1,230,021$1,054,526$1,006,449$1,216,567
33$1,325,478$1,076,194$1,010,160$1,275,802
34$1,429,727$1,097,977$1,013,051$1,339,645
35$1,543,635$1,119,854$1,015,063$1,408,543
36$1,668,155$1,141,796$1,016,138$1,482,993
37$1,804,339$1,163,776$1,016,211$1,563,537
38$1,953,344$1,185,764$1,015,216$1,650,777
39$2,116,444$1,207,725$1,013,085$1,745,375
40$2,295,041$1,229,624$1,009,743$1,848,062
41$2,490,682$1,251,421$1,005,116$1,959,644
42$2,705,066$1,273,075$999,122$2,081,007
43$2,940,068$1,294,541$991,677$2,213,133
44$3,197,751$1,315,770$982,695$2,357,100
45$3,480,388$1,336,710$972,082$2,514,101
46$3,790,484$1,357,304$959,742$2,685,447
47$4,130,794$1,377,493$945,575$2,872,588
48$4,504,357$1,397,213$929,474$3,077,121
49$4,914,519$1,416,393$911,328$3,300,805
50$5,364,965$1,434,961$891,023$3,545,585
51$5,859,754$1,452,838$868,435$3,813,600
52$6,403,361$1,469,939$843,439$4,107,211
53$7,000,712$1,486,173$815,903$4,429,024
54$7,657,235$1,501,446$785,686$4,781,907
55$8,378,910$1,515,655$752,644$5,169,028
56$9,172,327$1,528,689$716,625$5,593,876
57$10,044,743$1,540,434$677,471$6,060,299
58$11,004,156$1,550,765$635,015$6,572,543
59$12,059,377$1,559,549$589,085$7,135,284
60$13,220,114$1,566,647$539,500$7,753,683
61$14,497,062$1,571,910$486,070$8,433,425
62$15,902,006$1,575,177$428,597$9,180,784
63$17,447,932$1,576,282$366,876$10,002,671
64$19,149,145$1,575,044$300,691$10,906,710
65$21,021,411$1,571,274$229,817$11,901,305
66$23,082,097$1,564,769$154,018$12,995,719
67$25,350,343$1,555,315$73,050$14,200,167
68$27,847,238$1,542,685$0$15,525,910
69$30,596,017$1,526,637$0$16,988,353
70$33,622,285$1,506,917$0$18,615,852
71$36,954,255$1,483,252$0$20,407,169
72$40,623,014$1,455,357$0$22,379,001
73$44,662,819$1,422,927$0$24,549,748
74$49,111,416$1,385,640$0$26,939,692
75$54,010,399$1,343,155$0$29,571,185
76$59,405,601$1,295,111$0$32,468,862
77$65,347,528$1,241,126$0$35,659,873
78$71,891,831$1,180,797$0$39,174,143
79$79,099,837$1,113,695$0$43,044,651
80$87,039,123$1,039,369$0$47,307,744
81$95,784,157$957,341$0$52,003,483
82$105,416,996$867,106$0$57,176,018
83$116,028,064$768,129$0$62,874,006
84$127,717,005$659,846$0$69,151,076
85$140,593,622$541,660$0$76,066,331
86$154,778,912$412,942$0$83,684,907
87$170,406,211$273,026$0$92,078,594
88$187,622,449$121,210$0$101,326,509
89$206,589,541$0$0$111,515,847
90$227,485,908$0$0$122,756,985
91$250,508,168$0$0$135,185,998
92$275,872,988$0$0$148,879,866
93$303,819,128$0$0$163,967,513
94$334,609,698$0$0$180,591,010
95$368,534,639$0$0$198,906,916
96$405,913,458$0$0$219,087,756
97$447,098,247$0$0$241,323,651
98$492,477,006$0$0$265,824,109
99$542,477,303$0$0$292,820,005
100$597,570,310$0$0$322,565,760