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%19%
1 years$79,111$78,406$77,719$77,048$76,392$73,623
2 years$39,164$38,434$37,727$37,042$36,377$33,618
3 years$25,850$25,117$24,412$23,733$23,079$20,416
4 years$19,194$18,464$17,766$17,098$16,460$13,914
5 years$15,202$14,476$13,787$13,133$12,513$10,090
6 years$12,541$11,821$11,142$10,503$9,901$7,603
7 years$10,641$9,927$9,259$8,635$8,052$5,879
8 years$9,217$8,509$7,852$7,244$6,680$4,630
9 years$8,110$7,409$6,763$6,170$5,626$3,695
10 years$7,225$6,531$5,896$5,319$4,793$2,980
11 years$6,501$5,814$5,191$4,629$4,122$2,422
12 years$5,898$5,218$4,607$4,060$3,572$1,980
13 years$5,389$4,716$4,116$3,584$3,115$1,627
14 years$4,952$4,286$3,698$3,182$2,731$1,342
15 years$4,575$3,916$3,339$2,838$2,404$1,111
16 years$4,244$3,593$3,027$2,541$2,125$922
17 years$3,953$3,309$2,755$2,283$1,884$767
18 years$3,695$3,057$2,515$2,057$1,675$639
19 years$3,464$2,833$2,302$1,859$1,493$533
20 years$3,256$2,633$2,113$1,684$1,334$445
21 years$3,068$2,453$1,943$1,528$1,194$372
22 years$2,898$2,289$1,791$1,389$1,070$311
23 years$2,743$2,141$1,654$1,265$960$261
24 years$2,600$2,006$1,529$1,154$863$218
25 years$2,470$1,883$1,417$1,054$777$183
26 years$2,350$1,769$1,314$964$700$154
27 years$2,238$1,665$1,220$882$631$129
28 years$2,135$1,569$1,134$808$569$108
29 years$2,039$1,480$1,055$741$514$91
30 years$1,950$1,398$983$680$464$76
31 years$1,867$1,322$916$625$420$64
32 years$1,789$1,250$855$574$380$54
33 years$1,716$1,184$798$528$344$45
34 years$1,647$1,122$746$486$311$38
35 years$1,582$1,065$697$447$282$32
36 years$1,522$1,010$652$412$255$27
37 years$1,464$960$611$379$231$22
38 years$1,410$912$572$350$210$19
39 years$1,358$867$536$322$190$16
40 years$1,310$825$502$297$173$13
41 years$1,264$785$471$274$157$11
42 years$1,220$748$442$253$142$9
43 years$1,178$713$414$234$129$8
44 years$1,138$679$389$216$117$7
45 years$1,100$648$365$199$106$6
46 years$1,064$618$343$184$96$5
47 years$1,030$590$322$170$88$4
48 years$997$563$303$157$80$3
49 years$965$538$285$145$72$3
50 years$935$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $958,000, adding $6,333 every year, while hoping to spend $22,918 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: 73/5/22 Blend
29$958,000$958,000$958,000$958,000
30$1,062,248$1,011,474$996,625$1,133,640
31$1,146,213$1,036,652$1,005,628$1,207,160
32$1,237,974$1,062,295$1,014,164$1,284,328
33$1,338,303$1,088,403$1,022,193$1,368,300
34$1,448,047$1,114,972$1,029,674$1,459,749
35$1,568,143$1,142,001$1,036,563$1,559,416
36$1,699,619$1,169,484$1,042,813$1,668,119
37$1,843,608$1,197,417$1,048,376$1,786,758
38$2,001,359$1,225,793$1,053,199$1,916,325
39$2,174,246$1,254,606$1,057,230$2,057,914
40$2,363,783$1,283,846$1,060,411$2,212,730
41$2,571,638$1,313,503$1,062,684$2,382,098
42$2,799,647$1,343,566$1,063,985$2,567,483
43$3,049,832$1,374,022$1,064,250$2,770,495
44$3,324,421$1,404,855$1,063,409$2,992,911
45$3,625,869$1,436,050$1,061,390$3,236,688
46$3,956,879$1,467,588$1,058,118$3,503,982
47$4,320,428$1,499,448$1,053,513$3,797,171
48$4,719,799$1,531,607$1,047,492$4,118,872
49$5,158,603$1,564,041$1,039,968$4,471,973
50$5,640,823$1,596,722$1,030,850$4,859,654
51$6,170,845$1,629,619$1,020,041$5,285,420
52$6,753,501$1,662,700$1,007,442$5,753,134
53$7,394,115$1,695,929$992,948$6,267,054
54$8,098,552$1,729,267$976,449$6,831,870
55$8,873,273$1,762,670$957,829$7,452,753
56$9,725,400$1,796,093$936,969$8,135,401
57$10,662,775$1,829,486$913,742$8,886,093
58$11,694,042$1,862,796$888,017$9,711,749
59$12,828,724$1,895,962$859,655$10,619,996
60$14,077,313$1,928,923$828,512$11,619,238
61$15,451,370$1,961,612$794,439$12,718,738
62$16,963,634$1,993,954$757,276$13,928,704
63$18,628,139$2,025,872$716,859$15,260,386
64$20,460,351$2,057,282$673,016$16,726,181
65$22,477,311$2,088,094$625,567$18,339,753
66$24,697,797$2,118,210$574,323$20,116,159
67$27,142,498$2,147,528$519,088$22,071,993
68$29,834,212$2,175,936$459,657$24,225,545
69$32,798,062$2,203,317$395,815$26,596,967
70$36,061,727$2,229,543$327,339$29,208,473
71$39,655,713$2,254,480$253,994$32,084,538
72$43,613,628$2,277,982$175,536$35,252,141
73$47,972,512$2,299,897$91,710$38,741,009
74$52,773,176$2,320,060$2,250$42,583,907
75$58,060,594$2,338,296$0$46,816,940
76$63,884,321$2,354,419$0$51,501,782
77$70,298,967$2,368,231$0$56,662,389
78$77,364,708$2,379,521$0$62,346,630
79$85,147,855$2,388,064$0$68,607,836
80$93,721,479$2,393,622$0$75,504,778
81$103,166,102$2,395,942$0$83,102,219
82$113,570,455$2,394,753$0$91,471,524
83$125,032,316$2,389,771$0$100,691,337
84$137,659,434$2,380,692$0$110,848,321
85$151,570,543$2,367,193$0$122,037,975
86$166,896,486$2,348,933$0$134,365,538
87$183,781,446$2,325,549$0$147,946,982
88$202,384,310$2,296,657$0$162,910,102
89$222,880,166$2,261,849$0$179,395,729
90$245,461,958$2,220,695$0$197,559,055
91$270,342,306$2,172,737$0$217,571,099
92$297,755,510$2,117,491$0$239,620,321
93$327,959,768$2,054,443$0$263,914,402
94$361,239,605$1,983,052$0$290,682,204
95$397,908,566$1,902,743$0$320,175,929
96$438,312,171$1,812,909$0$352,673,501
97$482,831,177$1,712,905$0$388,481,190
98$531,885,172$1,602,053$0$427,936,502
99$585,936,540$1,479,634$0$471,411,366
100$645,494,818$1,344,887$0$519,315,646