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 $3,869 every year, while hoping to spend $34,706 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: 52/20/28 Blend
29$959,000$959,000$959,000$959,000
30$1,060,809$1,009,982$995,117$1,107,459
31$1,132,084$1,022,544$991,527$1,152,854
32$1,209,467$1,034,559$986,653$1,198,392
33$1,293,543$1,045,962$980,416$1,247,245
34$1,384,956$1,056,687$972,732$1,299,744
35$1,484,418$1,066,660$963,515$1,356,257
36$1,592,707$1,075,805$952,671$1,417,187
37$1,710,684$1,084,040$940,106$1,482,982
38$1,839,293$1,091,278$925,719$1,554,137
39$1,979,576$1,097,425$909,405$1,631,197
40$2,132,676$1,102,382$891,054$1,714,767
41$2,299,855$1,106,045$870,550$1,805,513
42$2,482,500$1,108,301$847,773$1,904,173
43$2,682,138$1,109,031$822,597$2,011,560
44$2,900,452$1,108,109$794,890$2,128,573
45$3,139,293$1,105,402$764,514$2,256,206
46$3,400,701$1,100,766$731,325$2,395,556
47$3,686,919$1,094,051$695,171$2,547,833
48$4,000,422$1,085,096$655,896$2,714,376
49$4,343,931$1,073,732$613,335$2,896,662
50$4,720,445$1,059,778$567,314$3,096,322
51$5,133,266$1,043,043$517,656$3,315,156
52$5,586,033$1,023,325$464,171$3,555,151
53$6,082,751$1,000,410$406,662$3,818,502
54$6,627,832$974,072$344,927$4,107,630
55$7,226,138$944,068$278,749$4,425,210
56$7,883,023$910,146$207,905$4,774,190
57$8,604,384$872,036$132,163$5,157,828
58$9,396,719$829,453$51,278$5,579,715
59$10,267,184$782,097$0$6,043,817
60$11,223,665$729,648$0$6,564,977
61$12,274,848$671,770$0$7,154,583
62$13,430,302$608,106$0$7,802,708
63$14,700,570$538,280$0$8,515,312
64$16,097,268$461,895$0$9,298,968
65$17,633,191$378,530$0$10,160,921
66$19,322,440$287,741$0$11,109,155
67$21,180,548$189,060$0$12,152,474
68$23,224,630$81,990$0$13,300,581
69$25,473,545$0$0$14,564,170
70$27,948,068$0$0$15,962,513
71$30,671,094$0$0$17,521,251
72$33,667,847$0$0$19,236,793
73$36,966,120$0$0$21,125,064
74$40,596,538$0$0$23,203,612
75$44,592,845$0$0$25,491,771
76$48,992,221$0$0$28,010,846
77$53,835,638$0$0$30,784,312
78$59,168,239$0$0$33,838,037
79$65,039,768$0$0$37,200,525
80$71,505,039$0$0$40,903,183
81$78,624,450$0$0$44,980,620
82$86,464,558$0$0$49,470,974
83$95,098,699$0$0$54,416,267
84$104,607,688$0$0$59,862,806
85$115,080,574$0$0$65,861,619
86$126,615,486$0$0$72,468,935
87$139,320,556$0$0$79,746,713
88$153,314,936$0$0$87,763,233
89$168,729,929$0$0$96,593,731
90$185,710,223$0$0$106,321,118
91$204,415,257$0$0$117,036,755
92$225,020,726$0$0$128,841,320
93$247,720,239$0$0$141,845,755
94$272,727,145$0$0$156,172,315
95$300,276,548$0$0$171,955,721
96$330,627,524$0$0$189,344,429
97$364,065,567$0$0$208,502,037
98$400,905,282$0$0$229,608,821
99$441,493,357$0$0$252,863,445
100$486,211,831$0$0$278,484,827