Can I retire at age 30 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$78,368$77,669$76,988$76,324$75,675$73,606
2 years$38,796$38,073$37,373$36,694$36,036$33,967
3 years$25,607$24,881$24,183$23,510$22,862$20,858
4 years$19,014$18,290$17,599$16,938$16,306$14,381
5 years$15,059$14,340$13,657$13,010$12,395$10,556
6 years$12,423$11,710$11,037$10,404$9,808$8,055
7 years$10,541$9,834$9,172$8,554$7,977$6,311
8 years$9,131$8,429$7,779$7,176$6,617$5,038
9 years$8,034$7,339$6,700$6,112$5,573$4,078
10 years$7,157$6,469$5,841$5,269$4,748$3,336
11 years$6,440$5,759$5,142$4,585$4,084$2,752
12 years$5,843$5,169$4,564$4,022$3,539$2,285
13 years$5,338$4,671$4,077$3,551$3,086$1,907
14 years$4,906$4,246$3,663$3,152$2,705$1,599
15 years$4,532$3,879$3,308$2,811$2,382$1,345
16 years$4,204$3,559$2,999$2,517$2,105$1,135
17 years$3,916$3,278$2,729$2,261$1,866$960
18 years$3,660$3,029$2,491$2,038$1,660$813
19 years$3,431$2,807$2,280$1,842$1,479$690
20 years$3,225$2,608$2,093$1,668$1,321$587
21 years$3,039$2,430$1,925$1,514$1,182$499
22 years$2,871$2,268$1,774$1,376$1,060$425
23 years$2,717$2,121$1,638$1,253$951$363
24 years$2,576$1,987$1,515$1,143$855$310
25 years$2,447$1,865$1,403$1,044$769$264
26 years$2,327$1,753$1,301$955$693$226
27 years$2,217$1,650$1,209$874$625$193
28 years$2,115$1,554$1,123$801$564$165
29 years$2,020$1,466$1,045$734$509$141
30 years$1,932$1,385$974$674$460$121
31 years$1,849$1,309$908$619$416$103
32 years$1,772$1,239$847$569$376$88
33 years$1,700$1,173$791$523$340$76
34 years$1,632$1,112$739$481$308$65
35 years$1,568$1,055$691$443$279$55
36 years$1,507$1,001$646$408$253$48
37 years$1,450$951$605$376$229$41
38 years$1,397$903$566$346$208$35
39 years$1,346$859$531$319$189$30
40 years$1,297$817$497$295$171$26
41 years$1,252$778$466$272$155$22
42 years$1,208$741$438$251$141$19
43 years$1,167$706$411$232$128$16
44 years$1,128$673$385$214$116$14
45 years$1,090$642$362$197$105$12
46 years$1,054$612$340$182$96$10
47 years$1,020$584$319$169$87$9
48 years$988$558$300$156$79$7
49 years$956$533$282$144$72$6
50 years$927$509$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $949,000, adding $4,051 every year, while hoping to spend $56,112 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: 35/35/30 Blend
29$949,000$949,000$949,000$949,000
30$1,049,977$999,680$984,970$1,077,135
31$1,097,371$988,961$958,264$1,087,218
32$1,147,720$975,837$928,782$1,092,797
33$1,201,264$960,130$896,373$1,097,755
34$1,258,269$941,652$860,878$1,102,078
35$1,319,024$920,204$822,129$1,105,753
36$1,383,847$895,577$779,953$1,108,771
37$1,453,086$867,547$734,168$1,111,127
38$1,527,123$835,878$684,584$1,112,825
39$1,606,374$800,321$631,002$1,113,871
40$1,691,298$760,611$573,215$1,114,282
41$1,782,399$716,470$511,006$1,114,081
42$1,880,228$667,601$444,149$1,113,304
43$1,985,390$613,692$372,406$1,111,995
44$2,098,549$554,413$295,532$1,110,213
45$2,220,437$489,414$213,268$1,108,032
46$2,351,854$418,328$125,345$1,105,542
47$2,493,681$340,764$31,482$1,102,853
48$2,646,885$256,310$0$1,100,096
49$2,812,530$164,532$0$1,119,414
50$2,991,784$64,970$0$1,151,185
51$3,185,931$0$0$1,185,640
52$3,396,385$0$0$1,239,642
53$3,624,698$0$0$1,325,486
54$3,872,578$0$0$1,418,808
55$4,141,904$0$0$1,520,329
56$4,434,743$0$0$1,630,845
57$4,753,367$0$0$1,751,230
58$5,100,279$0$0$1,882,446
59$5,478,231$0$0$2,025,553
60$5,890,253$0$0$2,181,717
61$6,339,678$0$0$2,352,220
62$6,830,175$0$0$2,538,476
63$7,365,785$0$0$2,742,039
64$7,950,953$0$0$2,964,622
65$8,590,575$0$0$3,208,109
66$9,290,041$0$0$3,474,577
67$10,055,283$0$0$3,766,310
68$10,892,836$0$0$4,085,826
69$11,809,895$0$0$4,435,896
70$12,814,382$0$0$4,819,572
71$13,915,024$0$0$5,240,217
72$15,121,428$0$0$5,701,533
73$16,444,178$0$0$6,207,598
74$17,894,931$0$0$6,762,903
75$19,486,524$0$0$7,372,396
76$21,233,098$0$0$8,041,528
77$23,150,229$0$0$8,776,301
78$25,255,076$0$0$9,583,329
79$27,566,538$0$0$10,469,897
80$30,105,435$0$0$11,444,030
81$32,894,704$0$0$12,514,571
82$35,959,612$0$0$13,691,259
83$39,327,994$0$0$14,984,825
84$43,030,517$0$0$16,407,093
85$47,100,966$0$0$17,971,087
86$51,576,562$0$0$19,691,159
87$56,498,316$0$0$21,583,118
88$61,911,408$0$0$23,664,387
89$67,865,619$0$0$25,954,159
90$74,415,796$0$0$28,473,581
91$81,622,369$0$0$31,245,956
92$89,551,921$0$0$34,296,957
93$98,277,816$0$0$37,654,873
94$107,880,888$0$0$41,350,875
95$118,450,203$0$0$45,419,308
96$130,083,901$0$0$49,898,017
97$142,890,117$0$0$54,828,701
98$156,988,002$0$0$60,257,309
99$172,508,850$0$0$66,234,472
100$189,597,329$0$0$72,815,979