Can I retire at age 30 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$78,450$77,751$77,070$76,404$75,754$75,026
2 years$38,837$38,113$37,412$36,733$36,073$35,339
3 years$25,634$24,908$24,208$23,535$22,887$22,170
4 years$19,034$18,310$17,617$16,956$16,323$15,629
5 years$15,075$14,355$13,672$13,024$12,408$11,740
6 years$12,436$11,722$11,049$10,415$9,818$9,175
7 years$10,552$9,844$9,182$8,563$7,985$7,368
8 years$9,140$8,438$7,787$7,183$6,624$6,033
9 years$8,042$7,347$6,707$6,118$5,579$5,014
10 years$7,165$6,476$5,847$5,274$4,753$4,214
11 years$6,447$5,765$5,148$4,590$4,088$3,573
12 years$5,849$5,175$4,568$4,026$3,543$3,053
13 years$5,344$4,676$4,082$3,554$3,089$2,623
14 years$4,911$4,251$3,667$3,155$2,708$2,265
15 years$4,536$3,883$3,311$2,814$2,384$1,964
16 years$4,209$3,563$3,002$2,520$2,107$1,709
17 years$3,920$3,281$2,732$2,264$1,868$1,492
18 years$3,664$3,032$2,494$2,040$1,661$1,305
19 years$3,435$2,810$2,283$1,843$1,481$1,145
20 years$3,229$2,611$2,095$1,670$1,323$1,006
21 years$3,043$2,432$1,927$1,515$1,184$885
22 years$2,874$2,270$1,776$1,378$1,061$780
23 years$2,720$2,123$1,640$1,255$952$688
24 years$2,579$1,989$1,517$1,144$856$608
25 years$2,449$1,867$1,405$1,045$770$537
26 years$2,330$1,755$1,303$956$694$475
27 years$2,220$1,651$1,210$875$626$421
28 years$2,117$1,556$1,125$801$564$373
29 years$2,022$1,468$1,047$735$510$331
30 years$1,934$1,386$975$674$461$293
31 years$1,851$1,311$909$619$416$260
32 years$1,774$1,240$848$569$377$231
33 years$1,701$1,174$792$523$341$205
34 years$1,633$1,113$740$482$309$182
35 years$1,569$1,056$692$443$280$162
36 years$1,509$1,002$647$408$253$144
37 years$1,452$952$606$376$230$128
38 years$1,398$904$567$347$208$114
39 years$1,347$860$531$320$189$101
40 years$1,299$818$498$295$171$90
41 years$1,253$779$467$272$155$80
42 years$1,209$742$438$251$141$71
43 years$1,168$707$411$232$128$63
44 years$1,129$674$386$214$116$56
45 years$1,091$642$362$198$105$50
46 years$1,055$613$340$183$96$45
47 years$1,021$585$320$169$87$40
48 years$989$558$300$156$79$35
49 years$957$533$282$144$72$31
50 years$928$509$265$133$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $950,000, adding $4,129 every year, while hoping to spend $51,472 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: 31/45/24 Blend
29$950,000$950,000$950,000$950,000
30$1,051,159$1,000,809$986,084$1,075,854
31$1,103,611$995,083$964,352$1,089,322
32$1,159,689$987,351$940,167$1,098,937
33$1,219,707$977,461$913,392$1,108,240
34$1,284,011$965,250$883,885$1,117,238
35$1,352,981$950,549$851,496$1,125,943
36$1,427,033$933,173$816,069$1,134,371
37$1,506,623$912,932$777,440$1,142,549
38$1,592,254$889,621$735,440$1,150,509
39$1,684,476$863,024$689,889$1,158,293
40$1,783,894$832,913$640,601$1,165,953
41$1,891,171$799,047$587,382$1,173,554
42$2,007,039$761,168$530,027$1,181,175
43$2,132,298$719,007$468,324$1,188,909
44$2,267,831$672,277$402,052$1,196,867
45$2,414,607$620,675$330,977$1,205,180
46$2,573,690$563,882$254,859$1,214,001
47$2,746,253$501,559$173,443$1,223,508
48$2,933,584$433,348$86,467$1,233,906
49$3,137,100$358,872$0$1,245,434
50$3,358,360$277,733$0$1,259,991
51$3,599,078$189,507$0$1,299,999
52$3,861,142$93,751$0$1,343,726
53$4,146,628$0$0$1,391,659
54$4,457,820$0$0$1,449,297
55$4,797,233$0$0$1,562,930
56$5,167,634$0$0$1,687,075
57$5,572,071$0$0$1,822,773
58$6,013,897$0$0$1,971,165
59$6,496,803$0$0$2,133,512
60$7,024,855$0$0$2,311,198
61$7,602,527$0$0$2,505,751
62$8,234,747$0$0$2,718,850
63$8,926,943$0$0$2,952,347
64$9,685,087$0$0$3,208,280
65$10,515,762$0$0$3,488,895
66$11,426,214$0$0$3,796,663
67$12,424,424$0$0$4,134,309
68$13,519,183$0$0$4,504,831
69$14,720,172$0$0$4,911,535
70$16,038,057$0$0$5,358,060
71$17,484,583$0$0$5,848,415
72$19,072,689$0$0$6,387,017
73$20,816,631$0$0$6,978,731
74$22,732,107$0$0$7,628,918
75$24,836,416$0$0$8,343,482
76$27,148,612$0$0$9,128,929
77$29,689,687$0$0$9,992,425
78$32,482,767$0$0$10,941,867
79$35,553,330$0$0$11,985,953
80$38,929,446$0$0$13,134,269
81$42,642,041$0$0$14,397,374
82$46,725,186$0$0$15,786,904
83$51,216,423$0$0$17,315,676
84$56,157,112$0$0$18,997,817
85$61,592,824$0$0$20,848,888
86$67,573,772$0$0$22,886,037
87$74,155,278$0$0$25,128,157
88$81,398,300$0$0$27,596,069
89$89,370,005$0$0$30,312,709
90$98,144,400$0$0$33,303,355
91$107,803,031$0$0$36,595,857
92$118,435,752$0$0$40,220,905
93$130,141,569$0$0$44,212,314
94$143,029,578$0$0$48,607,347
95$157,219,993$0$0$53,447,062
96$172,845,273$0$0$58,776,703
97$190,051,381$0$0$64,646,127
98$208,999,152$0$0$71,110,269
99$229,865,815$0$0$78,229,666
100$252,846,664$0$0$86,071,025