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%19.9%
1 years$79,111$78,406$77,719$77,048$76,392$73,361
2 years$39,164$38,434$37,727$37,042$36,377$33,361
3 years$25,850$25,117$24,412$23,733$23,079$20,173
4 years$19,194$18,464$17,766$17,098$16,460$13,686
5 years$15,202$14,476$13,787$13,133$12,513$9,878
6 years$12,541$11,821$11,142$10,503$9,901$7,407
7 years$10,641$9,927$9,259$8,635$8,052$5,698
8 years$9,217$8,509$7,852$7,244$6,680$4,463
9 years$8,110$7,409$6,763$6,170$5,626$3,542
10 years$7,225$6,531$5,896$5,319$4,793$2,840
11 years$6,501$5,814$5,191$4,629$4,122$2,295
12 years$5,898$5,218$4,607$4,060$3,572$1,865
13 years$5,389$4,716$4,116$3,584$3,115$1,523
14 years$4,952$4,286$3,698$3,182$2,731$1,249
15 years$4,575$3,916$3,339$2,838$2,404$1,027
16 years$4,244$3,593$3,027$2,541$2,125$847
17 years$3,953$3,309$2,755$2,283$1,884$699
18 years$3,695$3,057$2,515$2,057$1,675$579
19 years$3,464$2,833$2,302$1,859$1,493$480
20 years$3,256$2,633$2,113$1,684$1,334$398
21 years$3,068$2,453$1,943$1,528$1,194$330
22 years$2,898$2,289$1,791$1,389$1,070$274
23 years$2,743$2,141$1,654$1,265$960$228
24 years$2,600$2,006$1,529$1,154$863$190
25 years$2,470$1,883$1,417$1,054$777$158
26 years$2,350$1,769$1,314$964$700$131
27 years$2,238$1,665$1,220$882$631$110
28 years$2,135$1,569$1,134$808$569$91
29 years$2,039$1,480$1,055$741$514$76
30 years$1,950$1,398$983$680$464$63
31 years$1,867$1,322$916$625$420$53
32 years$1,789$1,250$855$574$380$44
33 years$1,716$1,184$798$528$344$37
34 years$1,647$1,122$746$486$311$31
35 years$1,582$1,065$697$447$282$25
36 years$1,522$1,010$652$412$255$21
37 years$1,464$960$611$379$231$18
38 years$1,410$912$572$350$210$15
39 years$1,358$867$536$322$190$12
40 years$1,310$825$502$297$173$10
41 years$1,264$785$471$274$157$9
42 years$1,220$748$442$253$142$7
43 years$1,178$713$414$234$129$6
44 years$1,138$679$389$216$117$5
45 years$1,100$648$365$199$106$4
46 years$1,064$618$343$184$96$3
47 years$1,030$590$322$170$88$3
48 years$997$563$303$157$80$2
49 years$965$538$285$145$72$2
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 $5,540 every year, while hoping to spend $26,311 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: 75/8/17 Blend
29$958,000$958,000$958,000$958,000
30$1,061,431$1,010,657$995,808$1,136,553
31$1,141,702$1,032,184$1,001,172$1,208,549
32$1,229,279$1,053,884$1,005,835$1,283,648
33$1,324,879$1,075,739$1,009,744$1,365,261
34$1,429,292$1,097,725$1,012,846$1,454,029
35$1,543,388$1,119,822$1,015,085$1,550,660
36$1,668,123$1,142,002$1,016,399$1,655,932
37$1,804,551$1,164,240$1,016,728$1,770,703
38$1,953,833$1,186,506$1,016,006$1,895,917
39$2,117,246$1,208,766$1,014,165$2,032,617
40$2,296,197$1,230,988$1,011,131$2,181,949
41$2,492,235$1,253,132$1,006,830$2,345,177
42$2,707,066$1,275,159$1,001,182$2,523,695
43$2,942,570$1,297,025$994,105$2,719,037
44$3,200,816$1,318,683$985,511$2,932,895
45$3,484,083$1,340,082$975,309$3,167,133
46$3,794,882$1,361,169$963,405$3,423,803
47$4,135,978$1,381,884$949,697$3,705,171
48$4,510,418$1,402,167$934,082$4,013,728
49$4,921,557$1,421,949$916,450$4,352,225
50$5,373,090$1,441,159$896,686$4,723,690
51$5,869,091$1,459,721$874,670$5,131,461
52$6,414,044$1,477,553$850,277$5,579,217
53$7,012,890$1,494,568$823,376$6,071,010
54$7,671,075$1,510,671$793,828$6,611,310
55$8,394,594$1,525,764$761,491$7,205,039
56$9,190,056$1,539,740$726,215$7,857,623
57$10,064,741$1,552,486$687,842$8,575,043
58$11,026,668$1,563,881$646,208$9,363,887
59$12,084,674$1,573,798$601,143$10,231,419
60$13,248,496$1,582,099$552,466$11,185,643
61$14,528,860$1,588,639$499,991$12,235,380
62$15,937,585$1,593,263$443,522$13,390,351
63$17,487,694$1,595,808$382,854$14,661,269
64$19,193,534$1,596,099$317,776$16,059,941
65$21,070,917$1,593,949$248,063$17,599,380
66$23,137,261$1,589,164$173,484$19,293,927
67$25,411,761$1,581,532$93,795$21,159,385
68$27,915,567$1,570,834$8,744$23,213,172
69$30,671,983$1,556,833$0$25,474,482
70$33,706,688$1,539,280$0$27,979,348
71$37,047,977$1,517,911$0$30,738,865
72$40,727,028$1,492,447$0$33,777,191
73$44,778,198$1,462,590$0$37,122,695
74$49,239,343$1,428,025$0$40,806,640
75$54,152,178$1,388,421$0$44,863,475
76$59,562,671$1,343,424$0$49,331,162
77$65,521,473$1,292,662$0$54,251,534
78$72,084,401$1,235,740$0$59,670,688
79$79,312,960$1,172,241$0$65,639,423
80$87,274,923$1,101,722$0$72,213,718
81$96,044,976$1,023,718$0$79,455,260
82$105,705,417$937,733$0$87,432,026
83$116,346,935$843,247$0$96,218,927
84$128,069,463$739,707$0$105,898,511
85$140,983,127$626,531$0$116,561,747
86$155,209,277$503,102$0$128,308,881
87$170,881,639$368,770$0$141,250,380
88$188,147,575$222,848$0$155,507,982
89$207,169,470$64,610$0$171,215,836
90$228,126,270$0$0$188,521,777
91$251,215,167$0$0$207,598,109
92$276,653,462$0$0$228,621,876
93$304,680,616$0$0$251,785,304
94$335,560,507$0$0$277,306,487
95$369,583,924$0$0$305,425,762
96$407,071,312$0$0$336,407,974
97$448,375,793$0$0$370,544,979
98$493,886,502$0$0$408,158,395
99$544,032,259$0$0$449,602,641
100$599,285,617$0$0$495,268,281