Can I retire at age 30 with 959,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$79,193$78,488$77,800$77,128$76,472$74,806
2 years$39,205$38,474$37,767$37,081$36,415$34,745
3 years$25,877$25,143$24,438$23,758$23,103$21,481
4 years$19,214$18,483$17,784$17,116$16,477$14,916
5 years$15,218$14,491$13,801$13,147$12,526$11,029
6 years$12,554$11,833$11,154$10,514$9,911$8,481
7 years$10,652$9,937$9,269$8,644$8,061$6,697
8 years$9,227$8,518$7,861$7,251$6,687$5,390
9 years$8,119$7,417$6,770$6,176$5,631$4,400
10 years$7,232$6,537$5,903$5,324$4,798$3,631
11 years$6,508$5,820$5,196$4,634$4,127$3,022
12 years$5,905$5,224$4,612$4,064$3,576$2,532
13 years$5,395$4,721$4,120$3,588$3,118$2,133
14 years$4,958$4,291$3,702$3,185$2,734$1,806
15 years$4,579$3,920$3,342$2,841$2,407$1,534
16 years$4,249$3,596$3,030$2,543$2,127$1,307
17 years$3,957$3,312$2,758$2,285$1,886$1,117
18 years$3,698$3,061$2,517$2,059$1,677$956
19 years$3,467$2,836$2,304$1,861$1,495$820
20 years$3,259$2,636$2,115$1,685$1,335$705
21 years$3,071$2,455$1,945$1,530$1,195$606
22 years$2,901$2,292$1,793$1,391$1,071$522
23 years$2,745$2,143$1,655$1,267$961$450
24 years$2,603$2,008$1,531$1,155$864$388
25 years$2,472$1,885$1,418$1,055$778$335
26 years$2,352$1,771$1,315$965$700$290
27 years$2,241$1,667$1,221$883$631$250
28 years$2,137$1,571$1,135$809$570$217
29 years$2,041$1,482$1,056$742$515$187
30 years$1,952$1,399$984$681$465$162
31 years$1,869$1,323$917$625$420$140
32 years$1,791$1,252$856$575$380$122
33 years$1,717$1,185$799$528$344$105
34 years$1,649$1,124$747$486$312$91
35 years$1,584$1,066$698$448$282$79
36 years$1,523$1,011$653$412$256$68
37 years$1,466$961$611$380$232$59
38 years$1,411$913$572$350$210$51
39 years$1,360$868$536$323$190$45
40 years$1,311$826$503$298$173$39
41 years$1,265$786$471$275$157$33
42 years$1,221$749$442$254$142$29
43 years$1,179$713$415$234$129$25
44 years$1,139$680$389$216$117$22
45 years$1,102$649$366$200$106$19
46 years$1,065$619$343$184$97$16
47 years$1,031$590$323$170$88$14
48 years$998$564$303$157$80$12
49 years$966$538$285$145$72$11
50 years$936$514$268$134$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $959,000, adding $5,646 every year, while hoping to spend $35,873 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: 64/11/25 Blend
29$959,000$959,000$959,000$959,000
30$1,062,642$1,011,815$996,950$1,123,340
31$1,132,863$1,023,225$992,180$1,176,427
32$1,209,044$1,033,992$986,047$1,229,909
33$1,291,755$1,044,047$978,468$1,287,543
34$1,381,624$1,053,315$969,357$1,349,742
35$1,479,340$1,061,717$958,620$1,416,959
36$1,585,661$1,069,171$946,163$1,489,695
37$1,701,424$1,075,585$931,884$1,568,502
38$1,827,546$1,080,865$915,679$1,653,990
39$1,965,038$1,084,911$897,438$1,746,832
40$2,115,014$1,087,613$877,044$1,847,772
41$2,278,699$1,088,859$854,377$1,957,628
42$2,457,439$1,088,526$829,312$2,077,305
43$2,652,720$1,086,486$801,716$2,207,801
44$2,866,175$1,082,602$771,451$2,350,216
45$3,099,603$1,076,728$738,373$2,505,766
46$3,354,985$1,068,709$702,331$2,675,791
47$3,634,501$1,058,384$663,167$2,861,769
48$3,940,553$1,045,578$620,716$3,065,332
49$4,275,785$1,030,107$574,806$3,288,278
50$4,643,110$1,011,777$525,256$3,532,594
51$5,045,735$990,381$471,880$3,800,468
52$5,487,192$965,702$414,480$4,094,317
53$5,971,371$937,507$352,850$4,416,804
54$6,502,558$905,552$286,778$4,770,869
55$7,085,472$869,577$216,038$5,159,752
56$7,725,312$829,309$140,398$5,587,029
57$8,427,806$784,457$59,613$6,056,641
58$9,199,261$734,714$0$6,572,939
59$10,046,627$679,756$0$7,147,811
60$10,977,559$619,240$0$7,796,881
61$12,000,491$552,804$0$8,510,139
62$13,124,713$480,063$0$9,294,090
63$14,360,461$400,613$0$10,155,906
64$15,719,011$314,027$0$11,103,492
65$17,212,789$219,853$0$12,145,557
66$18,855,480$117,612$0$13,291,697
67$20,662,166$6,802$0$14,552,492
68$22,649,461$0$0$15,939,597
69$24,835,673$0$0$17,479,549
70$27,240,972$0$0$19,174,806
71$29,887,581$0$0$21,040,219
72$32,799,987$0$0$23,093,056
73$36,005,171$0$0$25,352,344
74$39,532,860$0$0$27,839,049
75$43,415,811$0$0$30,576,272
76$47,690,117$0$0$33,589,468
77$52,395,548$0$0$36,906,683
78$57,575,926$0$0$40,558,824
79$63,279,537$0$0$44,579,945
80$69,559,588$0$0$49,007,569
81$76,474,710$0$0$53,883,047
82$84,089,505$0$0$59,251,939
83$92,475,162$0$0$65,164,452
84$101,710,125$0$0$71,675,908
85$111,880,832$0$0$78,847,272
86$123,082,535$0$0$86,745,717
87$135,420,191$0$0$95,445,268
88$149,009,461$0$0$105,027,496
89$163,977,793$0$0$115,582,285
90$180,465,629$0$0$127,208,686
91$198,627,732$0$0$140,015,845
92$218,634,639$0$0$154,124,038
93$240,674,277$0$0$169,665,804
94$264,953,734$0$0$186,787,195
95$291,701,211$0$0$205,649,156
96$321,168,181$0$0$226,429,042
97$353,631,755$0$0$249,322,291
98$389,397,303$0$0$274,544,272
99$428,801,333$0$0$302,332,316
100$472,214,667$0$0$332,947,953