Can I retire at age 30 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$78,698$77,997$77,313$76,645$75,994$75,231
2 years$38,959$38,234$37,531$36,849$36,187$35,420
3 years$25,715$24,986$24,285$23,609$22,959$22,209
4 years$19,094$18,367$17,673$17,009$16,374$15,649
5 years$15,122$14,400$13,715$13,065$12,448$11,748
6 years$12,476$11,759$11,084$10,448$9,849$9,177
7 years$10,586$9,875$9,211$8,590$8,010$7,365
8 years$9,169$8,465$7,811$7,206$6,645$6,028
9 years$8,068$7,370$6,728$6,138$5,596$5,006
10 years$7,187$6,496$5,866$5,291$4,768$4,205
11 years$6,467$5,783$5,164$4,605$4,101$3,564
12 years$5,868$5,191$4,583$4,039$3,554$3,042
13 years$5,361$4,691$4,095$3,566$3,099$2,613
14 years$4,927$4,264$3,679$3,165$2,716$2,255
15 years$4,551$3,895$3,322$2,823$2,392$1,954
16 years$4,222$3,574$3,012$2,528$2,114$1,699
17 years$3,933$3,291$2,740$2,271$1,874$1,482
18 years$3,675$3,041$2,502$2,047$1,667$1,296
19 years$3,446$2,819$2,290$1,849$1,485$1,135
20 years$3,239$2,619$2,102$1,675$1,327$997
21 years$3,052$2,440$1,933$1,520$1,187$876
22 years$2,883$2,277$1,782$1,382$1,064$772
23 years$2,728$2,130$1,645$1,259$955$680
24 years$2,587$1,996$1,521$1,148$859$601
25 years$2,457$1,873$1,409$1,048$773$530
26 years$2,337$1,760$1,307$959$696$469
27 years$2,227$1,657$1,214$877$628$415
28 years$2,124$1,561$1,128$804$566$367
29 years$2,029$1,473$1,050$737$511$325
30 years$1,940$1,391$978$677$462$288
31 years$1,857$1,315$912$621$418$256
32 years$1,779$1,244$851$571$378$227
33 years$1,707$1,178$794$525$342$201
34 years$1,638$1,117$742$483$310$179
35 years$1,574$1,059$694$445$280$159
36 years$1,514$1,005$649$410$254$141
37 years$1,456$955$607$377$230$125
38 years$1,402$907$569$348$209$111
39 years$1,351$863$533$321$189$99
40 years$1,303$821$500$296$172$88
41 years$1,257$781$468$273$156$78
42 years$1,213$744$439$252$141$69
43 years$1,172$709$412$233$128$62
44 years$1,132$676$387$215$116$55
45 years$1,095$644$363$198$106$49
46 years$1,059$615$341$183$96$43
47 years$1,024$587$321$169$87$39
48 years$992$560$301$156$79$34
49 years$960$535$283$145$72$30
50 years$930$511$266$134$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $953,000, adding $4,241 every year, while hoping to spend $51,995 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: 54/29/17 Blend
29$953,000$953,000$953,000$953,000
30$1,054,581$1,004,072$989,300$1,106,495
31$1,106,826$997,949$967,119$1,136,302
32$1,162,657$989,783$942,453$1,162,839
33$1,222,385$979,420$915,163$1,190,570
34$1,286,352$966,695$885,104$1,219,622
35$1,354,931$951,434$852,126$1,250,138
36$1,428,532$933,452$816,070$1,282,280
37$1,507,605$912,554$776,771$1,316,225
38$1,592,644$888,534$734,057$1,352,176
39$1,684,193$861,170$687,747$1,390,356
40$1,782,846$830,233$637,652$1,431,017
41$1,889,258$795,476$583,574$1,474,439
42$2,004,147$756,640$525,310$1,520,935
43$2,128,305$713,449$462,642$1,570,852
44$2,262,597$665,614$395,346$1,624,582
45$2,407,980$612,827$323,188$1,682,555
46$2,565,502$554,763$245,922$1,745,256
47$2,736,316$491,079$163,293$1,813,221
48$2,921,690$421,412$75,034$1,887,049
49$3,123,020$345,380$0$1,967,403
50$3,341,841$262,575$0$2,058,497
51$3,579,840$172,573$0$2,172,429
52$3,838,874$74,919$0$2,296,542
53$4,120,987$0$0$2,431,906
54$4,428,428$0$0$2,589,554
55$4,763,672$0$0$2,787,610
56$5,129,442$0$0$3,003,788
57$5,528,737$0$0$3,239,868
58$5,964,857$0$0$3,497,814
59$6,441,435$0$0$3,779,785
60$6,962,471$0$0$4,088,162
61$7,532,369$0$0$4,425,562
62$8,155,978$0$0$4,794,870
63$8,838,637$0$0$5,199,262
64$9,586,227$0$0$5,642,234
65$10,405,220$0$0$6,127,637
66$11,302,749$0$0$6,659,713
67$12,286,667$0$0$7,243,133
68$13,365,621$0$0$7,883,042
69$14,549,139$0$0$8,585,107
70$15,847,712$0$0$9,355,569
71$17,272,899$0$0$10,201,304
72$18,837,429$0$0$11,129,885
73$20,555,327$0$0$12,149,654
74$22,442,039$0$0$13,269,803
75$24,514,583$0$0$14,500,455
76$26,791,705$0$0$15,852,763
77$29,294,058$0$0$17,339,014
78$32,044,393$0$0$18,972,744
79$35,067,776$0$0$20,768,868
80$38,391,822$0$0$22,743,814
81$42,046,955$0$0$24,915,686
82$46,066,696$0$0$27,304,426
83$50,487,975$0$0$29,932,009
84$55,351,483$0$0$32,822,646
85$60,702,051$0$0$36,003,010
86$66,589,076$0$0$39,502,495
87$73,066,982$0$0$43,353,483
88$80,195,739$0$0$47,591,656
89$88,041,420$0$0$52,256,330
90$96,676,831$0$0$57,390,827
91$106,182,193$0$0$63,042,879
92$116,645,897$0$0$69,265,084
93$128,165,343$0$0$76,115,396
94$140,847,851$0$0$83,657,676
95$154,811,679$0$0$91,962,291
96$170,187,133$0$0$101,106,781
97$187,117,801$0$0$111,176,585
98$205,761,902$0$0$122,265,853
99$226,293,781$0$0$134,478,326
100$248,905,553$0$0$147,928,325