Can I retire at age 30 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$78,533$77,833$77,151$76,485$75,834$74,608
2 years$38,878$38,154$37,452$36,771$36,111$34,880
3 years$25,661$24,934$24,234$23,560$22,911$21,712
4 years$19,054$18,329$17,636$16,974$16,340$15,183
5 years$15,091$14,370$13,686$13,037$12,421$11,309
6 years$12,449$11,734$11,061$10,426$9,829$8,763
7 years$10,564$9,854$9,191$8,572$7,993$6,974
8 years$9,150$8,447$7,795$7,191$6,631$5,659
9 years$8,051$7,355$6,714$6,125$5,584$4,658
10 years$7,172$6,483$5,853$5,280$4,758$3,877
11 years$6,454$5,771$5,153$4,595$4,092$3,255
12 years$5,855$5,180$4,573$4,030$3,546$2,753
13 years$5,350$4,681$4,086$3,558$3,092$2,341
14 years$4,916$4,255$3,671$3,159$2,711$2,000
15 years$4,541$3,887$3,315$2,817$2,387$1,716
16 years$4,213$3,566$3,005$2,522$2,109$1,476
17 years$3,924$3,284$2,735$2,266$1,870$1,274
18 years$3,668$3,035$2,496$2,042$1,663$1,102
19 years$3,438$2,813$2,285$1,845$1,482$955
20 years$3,232$2,614$2,097$1,671$1,324$829
21 years$3,046$2,435$1,929$1,517$1,185$721
22 years$2,877$2,273$1,778$1,379$1,062$628
23 years$2,723$2,126$1,642$1,256$953$547
24 years$2,581$1,992$1,518$1,146$857$477
25 years$2,452$1,869$1,406$1,046$771$417
26 years$2,332$1,756$1,304$957$695$364
27 years$2,222$1,653$1,211$876$626$318
28 years$2,120$1,558$1,126$802$565$278
29 years$2,024$1,469$1,048$736$510$244
30 years$1,936$1,388$976$675$461$213
31 years$1,853$1,312$910$620$417$187
32 years$1,776$1,241$849$570$377$164
33 years$1,703$1,176$793$524$341$143
34 years$1,635$1,114$741$482$309$126
35 years$1,571$1,057$692$444$280$110
36 years$1,510$1,003$648$409$254$97
37 years$1,453$953$606$377$230$85
38 years$1,399$905$568$347$208$74
39 years$1,348$861$532$320$189$65
40 years$1,300$819$499$295$171$57
41 years$1,254$780$467$272$155$50
42 years$1,211$743$438$251$141$44
43 years$1,169$707$411$232$128$39
44 years$1,130$674$386$214$116$34
45 years$1,092$643$363$198$105$30
46 years$1,057$613$341$183$96$26
47 years$1,022$585$320$169$87$23
48 years$990$559$301$156$79$20
49 years$958$534$283$144$72$18
50 years$929$510$266$133$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $951,000, adding $4,108 every year, while hoping to spend $41,585 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: 46/37/17 Blend
29$951,000$951,000$951,000$951,000
30$1,052,239$1,001,836$987,096$1,095,372
31$1,115,322$1,006,680$975,917$1,130,696
32$1,183,445$1,010,368$962,971$1,164,484
33$1,257,078$1,012,798$948,153$1,200,252
34$1,336,740$1,013,865$931,356$1,238,202
35$1,422,997$1,013,454$912,466$1,278,557
36$1,516,475$1,011,445$891,365$1,321,568
37$1,617,860$1,007,711$867,931$1,367,510
38$1,727,908$1,002,114$842,032$1,416,691
39$1,847,448$994,512$813,534$1,469,454
40$1,977,396$984,751$782,295$1,526,176
41$2,118,755$972,669$748,167$1,587,279
42$2,272,633$958,094$710,996$1,653,229
43$2,440,246$940,845$670,618$1,724,545
44$2,622,933$920,729$626,866$1,801,801
45$2,822,168$897,541$579,563$1,885,634
46$3,039,574$871,065$528,523$1,976,750
47$3,276,936$841,072$473,553$2,075,932
48$3,536,220$807,321$414,454$2,184,047
49$3,819,589$769,554$351,013$2,302,055
50$4,129,426$727,502$283,010$2,431,020
51$4,468,354$680,876$210,218$2,572,121
52$4,839,261$629,374$132,395$2,726,662
53$5,245,327$572,675$49,292$2,896,087
54$5,690,055$510,440$0$3,081,994
55$6,177,300$442,311$0$3,293,296
56$6,711,311$367,911$0$3,534,812
57$7,296,764$286,838$0$3,799,806
58$7,938,812$198,671$0$4,090,725
59$8,643,129$102,964$0$4,410,272
60$9,415,965$0$0$4,761,433
61$10,264,204$0$0$5,147,812
62$11,195,429$0$0$5,618,126
63$12,217,994$0$0$6,134,687
64$13,341,101$0$0$6,702,158
65$14,574,886$0$0$7,325,676
66$15,930,516$0$0$8,010,900
67$17,420,293$0$0$8,764,063
68$19,057,772$0$0$9,592,034
69$20,857,882$0$0$10,502,381
70$22,837,074$0$0$11,503,440
71$25,013,472$0$0$12,604,396
72$27,407,044$0$0$13,815,370
73$30,039,789$0$0$15,147,510
74$32,935,947$0$0$16,613,102
75$36,122,225$0$0$18,225,682
76$39,628,047$0$0$20,000,163
77$43,485,835$0$0$21,952,979
78$47,731,314$0$0$24,102,234
79$52,403,843$0$0$26,467,881
80$57,546,795$0$0$29,071,901
81$63,207,957$0$0$31,938,516
82$69,439,987$0$0$35,094,416
83$76,300,905$0$0$38,569,011
84$83,854,646$0$0$42,394,705
85$92,171,656$0$0$46,607,208
86$101,329,561$0$0$51,245,865
87$111,413,900$0$0$56,354,035
88$122,518,926$0$0$61,979,492
89$134,748,500$0$0$68,174,881
90$148,217,069$0$0$74,998,216
91$163,050,744$0$0$82,513,419
92$179,388,495$0$0$90,790,933
93$197,383,452$0$0$99,908,380
94$217,204,362$0$0$109,951,294
95$239,037,169$0$0$121,013,932
96$263,086,779$0$0$133,200,158
97$289,578,986$0$0$146,624,428
98$318,762,604$0$0$161,412,866
99$350,911,818$0$0$177,704,456
100$386,328,767$0$0$195,652,353