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%12.5%
1 years$79,193$78,488$77,800$77,128$76,472$75,673
2 years$39,205$38,474$37,767$37,081$36,415$35,611
3 years$25,877$25,143$24,438$23,758$23,103$22,318
4 years$19,214$18,483$17,784$17,116$16,477$15,718
5 years$15,218$14,491$13,801$13,147$12,526$11,794
6 years$12,554$11,833$11,154$10,514$9,911$9,208
7 years$10,652$9,937$9,269$8,644$8,061$7,386
8 years$9,227$8,518$7,861$7,251$6,687$6,041
9 years$8,119$7,417$6,770$6,176$5,631$5,014
10 years$7,232$6,537$5,903$5,324$4,798$4,209
11 years$6,508$5,820$5,196$4,634$4,127$3,565
12 years$5,905$5,224$4,612$4,064$3,576$3,042
13 years$5,395$4,721$4,120$3,588$3,118$2,610
14 years$4,958$4,291$3,702$3,185$2,734$2,251
15 years$4,579$3,920$3,342$2,841$2,407$1,950
16 years$4,249$3,596$3,030$2,543$2,127$1,694
17 years$3,957$3,312$2,758$2,285$1,886$1,477
18 years$3,698$3,061$2,517$2,059$1,677$1,290
19 years$3,467$2,836$2,304$1,861$1,495$1,130
20 years$3,259$2,636$2,115$1,685$1,335$991
21 years$3,071$2,455$1,945$1,530$1,195$871
22 years$2,901$2,292$1,793$1,391$1,071$766
23 years$2,745$2,143$1,655$1,267$961$675
24 years$2,603$2,008$1,531$1,155$864$595
25 years$2,472$1,885$1,418$1,055$778$525
26 years$2,352$1,771$1,315$965$700$464
27 years$2,241$1,667$1,221$883$631$410
28 years$2,137$1,571$1,135$809$570$363
29 years$2,041$1,482$1,056$742$515$321
30 years$1,952$1,399$984$681$465$285
31 years$1,869$1,323$917$625$420$252
32 years$1,791$1,252$856$575$380$223
33 years$1,717$1,185$799$528$344$198
34 years$1,649$1,124$747$486$312$176
35 years$1,584$1,066$698$448$282$156
36 years$1,523$1,011$653$412$256$138
37 years$1,466$961$611$380$232$123
38 years$1,411$913$572$350$210$109
39 years$1,360$868$536$323$190$97
40 years$1,311$826$503$298$173$86
41 years$1,265$786$471$275$157$76
42 years$1,221$749$442$254$142$68
43 years$1,179$713$415$234$129$60
44 years$1,139$680$389$216$117$53
45 years$1,102$649$366$200$106$47
46 years$1,065$619$343$184$97$42
47 years$1,031$590$323$170$88$37
48 years$998$564$303$157$80$33
49 years$966$538$285$145$72$30
50 years$936$514$268$134$66$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $959,000, adding $2,355 every year, while hoping to spend $27,658 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: 35/45/20 Blend
29$959,000$959,000$959,000$959,000
30$1,059,247$1,008,420$993,556$1,089,788
31$1,137,862$1,028,405$997,412$1,132,394
32$1,223,570$1,048,442$1,000,470$1,175,601
33$1,317,063$1,068,504$1,002,675$1,221,650
34$1,419,106$1,088,564$1,003,967$1,270,807
35$1,530,540$1,108,589$1,004,285$1,323,371
36$1,652,291$1,128,545$1,003,565$1,379,670
37$1,785,378$1,148,398$1,001,738$1,440,065
38$1,930,923$1,168,106$998,733$1,504,956
39$2,090,162$1,187,628$994,475$1,574,784
40$2,264,456$1,206,919$988,887$1,650,037
41$2,455,302$1,225,930$981,887$1,731,252
42$2,664,350$1,244,608$973,388$1,819,024
43$2,893,418$1,262,897$963,300$1,914,008
44$3,144,505$1,280,738$951,529$2,016,928
45$3,419,816$1,298,066$937,977$2,128,583
46$3,721,778$1,314,811$922,539$2,249,856
47$4,053,064$1,330,902$905,109$2,381,720
48$4,416,618$1,346,258$885,572$2,525,252
49$4,815,685$1,360,796$863,810$2,681,637
50$5,253,836$1,374,426$839,699$2,852,187
51$5,735,007$1,387,053$813,109$3,038,347
52$6,263,535$1,398,575$783,905$3,241,714
53$6,844,194$1,408,884$751,944$3,464,048
54$7,482,246$1,417,864$717,079$3,707,296
55$8,183,488$1,425,392$679,154$3,973,601
56$8,954,306$1,431,338$638,007$4,265,333
57$9,801,734$1,435,562$593,469$4,585,104
58$10,733,523$1,437,918$545,363$4,935,797
59$11,758,213$1,438,246$493,504$5,320,594
60$12,885,213$1,436,382$437,698$5,743,005
61$14,124,888$1,432,148$377,744$6,206,904
62$15,488,660$1,425,357$313,432$6,716,562
63$16,989,111$1,415,807$244,540$7,276,695
64$18,640,108$1,403,290$170,840$7,892,503
65$20,456,927$1,387,579$92,091$8,569,723
66$22,456,401$1,368,437$8,043$9,314,683
67$24,657,076$1,345,613$0$10,134,364
68$27,079,389$1,318,839$0$11,053,890
69$29,745,857$1,287,833$0$12,067,296
70$32,681,294$1,252,296$0$13,182,289
71$35,913,037$1,211,909$0$14,409,266
72$39,471,213$1,166,339$0$15,759,688
73$43,389,017$1,115,230$0$17,246,188
74$47,703,027$1,058,206$0$18,882,699
75$52,453,548$994,871$0$20,684,577
76$57,684,994$924,804$0$22,668,754
77$63,446,305$847,561$0$24,853,897
78$69,791,408$762,672$0$27,260,582
79$76,779,731$669,641$0$29,911,497
80$84,476,754$567,945$0$32,831,648
81$92,954,637$457,028$0$36,048,607
82$102,292,893$336,306$0$39,592,764
83$112,579,143$205,160$0$43,497,622
84$123,909,941$62,938$0$47,800,113
85$136,391,683$0$0$52,540,949
86$150,141,616$0$0$57,810,093
87$165,288,937$0$0$63,649,280
88$181,976,022$0$0$70,082,254
89$200,359,758$0$0$77,169,525
90$220,613,035$0$0$84,977,773
91$242,926,368$0$0$93,580,477
92$267,509,701$0$0$103,058,607
93$294,594,387$0$0$113,501,394
94$324,435,370$0$0$125,007,166
95$357,313,592$0$0$137,684,278
96$393,538,646$0$0$151,652,137
97$433,451,696$0$0$167,042,325
98$477,428,699$0$0$183,999,845
99$525,883,951$0$0$202,684,488
100$579,274,001$0$0$223,272,338