Can I retire at age 30 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$79,193$78,488$77,800$77,128$76,472$75,329
2 years$39,205$38,474$37,767$37,081$36,415$35,266
3 years$25,877$25,143$24,438$23,758$23,103$21,984
4 years$19,214$18,483$17,784$17,116$16,477$15,397
5 years$15,218$14,491$13,801$13,147$12,526$11,487
6 years$12,554$11,833$11,154$10,514$9,911$8,915
7 years$10,652$9,937$9,269$8,644$8,061$7,107
8 years$9,227$8,518$7,861$7,251$6,687$5,777
9 years$8,119$7,417$6,770$6,176$5,631$4,763
10 years$7,232$6,537$5,903$5,324$4,798$3,972
11 years$6,508$5,820$5,196$4,634$4,127$3,341
12 years$5,905$5,224$4,612$4,064$3,576$2,831
13 years$5,395$4,721$4,120$3,588$3,118$2,412
14 years$4,958$4,291$3,702$3,185$2,734$2,065
15 years$4,579$3,920$3,342$2,841$2,407$1,775
16 years$4,249$3,596$3,030$2,543$2,127$1,531
17 years$3,957$3,312$2,758$2,285$1,886$1,324
18 years$3,698$3,061$2,517$2,059$1,677$1,148
19 years$3,467$2,836$2,304$1,861$1,495$997
20 years$3,259$2,636$2,115$1,685$1,335$867
21 years$3,071$2,455$1,945$1,530$1,195$756
22 years$2,901$2,292$1,793$1,391$1,071$660
23 years$2,745$2,143$1,655$1,267$961$576
24 years$2,603$2,008$1,531$1,155$864$504
25 years$2,472$1,885$1,418$1,055$778$441
26 years$2,352$1,771$1,315$965$700$386
27 years$2,241$1,667$1,221$883$631$338
28 years$2,137$1,571$1,135$809$570$297
29 years$2,041$1,482$1,056$742$515$260
30 years$1,952$1,399$984$681$465$228
31 years$1,869$1,323$917$625$420$201
32 years$1,791$1,252$856$575$380$176
33 years$1,717$1,185$799$528$344$155
34 years$1,649$1,124$747$486$312$136
35 years$1,584$1,066$698$448$282$119
36 years$1,523$1,011$653$412$256$105
37 years$1,466$961$611$380$232$92
38 years$1,411$913$572$350$210$81
39 years$1,360$868$536$323$190$71
40 years$1,311$826$503$298$173$63
41 years$1,265$786$471$275$157$55
42 years$1,221$749$442$254$142$49
43 years$1,179$713$415$234$129$43
44 years$1,139$680$389$216$117$38
45 years$1,102$649$366$200$106$33
46 years$1,065$619$343$184$97$29
47 years$1,031$590$323$170$88$26
48 years$998$564$303$157$80$23
49 years$966$538$285$145$72$20
50 years$936$514$268$134$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $959,000, adding $5,287 every year, while hoping to spend $55,890 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: 66/28/6 Blend
29$959,000$959,000$959,000$959,000
30$1,062,272$1,011,445$996,580$1,131,038
31$1,111,157$1,001,539$970,499$1,167,458
32$1,163,155$989,274$941,671$1,200,043
33$1,218,525$974,477$909,945$1,234,161
34$1,277,549$956,961$875,163$1,269,955
35$1,340,539$936,532$837,160$1,307,582
36$1,407,832$912,980$795,764$1,347,217
37$1,479,802$886,087$750,793$1,389,057
38$1,556,857$855,621$702,059$1,433,317
39$1,639,444$821,333$649,366$1,480,239
40$1,728,054$782,966$592,506$1,530,091
41$1,823,226$740,241$531,266$1,583,170
42$1,925,551$692,869$465,419$1,639,808
43$2,035,678$640,541$394,732$1,700,372
44$2,154,321$582,931$318,959$1,765,269
45$2,282,262$519,695$237,845$1,834,952
46$2,420,361$450,469$151,121$1,909,924
47$2,569,564$374,867$58,509$1,990,741
48$2,730,908$292,485$0$2,078,022
49$2,905,536$202,892$0$2,175,034
50$3,094,702$105,635$0$2,284,122
51$3,299,787$236$0$2,402,397
52$3,522,307$0$0$2,530,816
53$3,763,931$0$0$2,705,501
54$4,026,495$0$0$2,895,459
55$4,312,018$0$0$3,102,083
56$4,622,721$0$0$3,326,988
57$4,961,048$0$0$3,571,951
58$5,329,689$0$0$3,838,927
59$5,731,604$0$0$4,130,068
60$6,170,050$0$0$4,447,741
61$6,648,613$0$0$4,794,554
62$7,171,240$0$0$5,173,376
63$7,742,276$0$0$5,587,366
64$8,366,504$0$0$6,040,001
65$9,049,190$0$0$6,535,111
66$9,796,133$0$0$7,076,912
67$10,613,718$0$0$7,670,045
68$11,508,976$0$0$8,319,624
69$12,489,648$0$0$9,031,278
70$13,564,263$0$0$9,811,206
71$14,742,209$0$0$10,666,238
72$16,033,828$0$0$11,603,892
73$17,450,512$0$0$12,632,454
74$19,004,807$0$0$13,761,044
75$20,710,532$0$0$14,999,714
76$22,582,909$0$0$16,359,531
77$24,638,705$0$0$17,852,690
78$26,896,390$0$0$19,492,623
79$29,376,313$0$0$21,294,126
80$32,100,887$0$0$23,273,500
81$35,094,806$0$0$25,448,702
82$38,385,273$0$0$27,839,517
83$42,002,257$0$0$30,467,738
84$45,978,777$0$0$33,357,378
85$50,351,209$0$0$36,534,892
86$55,159,632$0$0$40,029,427
87$60,448,200$0$0$43,873,097
88$66,265,564$0$0$48,101,281
89$72,665,326$0$0$52,752,964
90$79,706,544$0$0$57,871,097
91$87,454,292$0$0$63,503,005
92$95,980,268$0$0$69,700,833
93$105,363,470$0$0$76,522,037
94$115,690,945$0$0$84,029,922
95$127,058,605$0$0$92,294,245
96$139,572,133$0$0$101,391,866
97$153,347,978$0$0$111,407,479
98$168,514,452$0$0$122,434,403
99$185,212,944$0$0$134,575,470
100$203,599,248$0$0$147,943,988