Can I retire at age 30 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$78,780$78,079$77,394$76,726$76,073$73,905
2 years$39,000$38,274$37,570$36,887$36,225$34,057
3 years$25,742$25,012$24,310$23,634$22,983$20,884
4 years$19,114$18,387$17,692$17,027$16,392$14,377
5 years$15,138$14,415$13,729$13,078$12,461$10,536
6 years$12,489$11,771$11,095$10,459$9,860$8,027
7 years$10,597$9,886$9,220$8,599$8,019$6,278
8 years$9,179$8,474$7,820$7,213$6,652$5,003
9 years$8,076$7,378$6,735$6,144$5,602$4,042
10 years$7,195$6,503$5,872$5,296$4,773$3,300
11 years$6,474$5,789$5,169$4,609$4,105$2,717
12 years$5,874$5,196$4,588$4,043$3,557$2,252
13 years$5,366$4,696$4,099$3,569$3,102$1,876
14 years$4,932$4,268$3,683$3,169$2,719$1,569
15 years$4,556$3,899$3,325$2,826$2,394$1,317
16 years$4,227$3,578$3,015$2,530$2,116$1,109
17 years$3,937$3,295$2,743$2,273$1,876$936
18 years$3,679$3,045$2,504$2,049$1,668$791
19 years$3,449$2,822$2,292$1,851$1,487$670
20 years$3,242$2,622$2,104$1,677$1,328$568
21 years$3,055$2,442$1,935$1,522$1,189$483
22 years$2,886$2,280$1,784$1,384$1,065$410
23 years$2,731$2,132$1,647$1,260$956$349
24 years$2,590$1,998$1,523$1,149$860$297
25 years$2,460$1,875$1,411$1,050$774$253
26 years$2,340$1,762$1,308$960$697$216
27 years$2,229$1,658$1,215$878$628$184
28 years$2,126$1,563$1,129$805$567$157
29 years$2,031$1,474$1,051$738$512$134
30 years$1,942$1,392$979$677$462$114
31 years$1,859$1,316$913$622$418$97
32 years$1,781$1,245$852$572$378$83
33 years$1,708$1,179$795$526$342$71
34 years$1,640$1,118$743$484$310$61
35 years$1,576$1,060$695$445$281$52
36 years$1,515$1,006$650$410$254$44
37 years$1,458$956$608$378$230$38
38 years$1,404$908$569$348$209$32
39 years$1,353$864$534$321$189$28
40 years$1,304$822$500$296$172$24
41 years$1,258$782$469$273$156$20
42 years$1,215$745$440$252$141$17
43 years$1,173$710$413$233$128$15
44 years$1,133$677$387$215$117$13
45 years$1,096$645$364$199$106$11
46 years$1,060$615$342$183$96$9
47 years$1,026$587$321$169$87$8
48 years$993$561$302$157$79$7
49 years$961$535$284$145$72$6
50 years$931$511$267$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $954,000, adding $5,935 every year, while hoping to spend $20,032 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: 28/44/28 Blend
29$954,000$954,000$954,000$954,000
30$1,057,430$1,006,868$992,081$1,077,735
31$1,143,974$1,034,891$1,004,002$1,122,455
32$1,238,674$1,063,615$1,015,651$1,168,344
33$1,342,341$1,093,054$1,026,997$1,217,245
34$1,455,868$1,123,222$1,038,009$1,269,428
35$1,580,237$1,154,131$1,048,654$1,325,193
36$1,716,532$1,185,794$1,058,894$1,384,872
37$1,865,945$1,218,225$1,068,694$1,448,826
38$2,029,790$1,251,436$1,078,014$1,517,456
39$2,209,512$1,285,440$1,086,811$1,591,202
40$2,406,706$1,320,250$1,095,043$1,670,548
41$2,623,126$1,355,879$1,102,663$1,756,029
42$2,860,706$1,392,337$1,109,623$1,848,233
43$3,121,574$1,429,638$1,115,871$1,947,807
44$3,408,076$1,467,792$1,121,355$2,055,466
45$3,722,798$1,506,811$1,126,017$2,171,995
46$4,068,584$1,546,706$1,129,800$2,298,261
47$4,448,571$1,587,486$1,132,640$2,435,218
48$4,866,214$1,629,162$1,134,472$2,583,917
49$5,325,320$1,671,743$1,135,229$2,745,519
50$5,830,080$1,715,236$1,134,837$2,921,299
51$6,385,116$1,759,651$1,133,222$3,112,666
52$6,995,518$1,804,993$1,130,304$3,321,169
53$7,666,892$1,851,269$1,126,001$3,548,519
54$8,405,419$1,898,485$1,120,226$3,796,600
55$9,217,905$1,946,644$1,112,886$4,067,486
56$10,111,851$1,995,749$1,103,888$4,363,468
57$11,095,522$2,045,803$1,093,131$4,687,066
58$12,178,023$2,096,806$1,080,509$5,041,060
59$13,369,389$2,148,757$1,065,913$5,428,515
60$14,680,674$2,201,653$1,049,229$5,852,807
61$16,124,060$2,255,491$1,030,335$6,317,658
62$17,712,969$2,310,265$1,009,106$6,827,171
63$19,462,190$2,365,967$985,409$7,385,868
64$21,388,021$2,422,586$959,108$7,998,732
65$23,508,418$2,480,112$930,057$8,671,258
66$25,843,168$2,538,529$898,106$9,409,500
67$28,414,075$2,597,821$863,096$10,220,133
68$31,245,164$2,657,968$824,863$11,110,514
69$34,362,909$2,718,946$783,234$12,088,750
70$37,796,482$2,780,731$738,029$13,163,779
71$41,578,030$2,843,293$689,059$14,345,452
72$45,742,973$2,906,599$636,127$15,644,627
73$50,330,347$2,970,613$579,028$17,073,272
74$55,383,162$3,035,293$517,545$18,644,578
75$60,948,818$3,100,595$451,456$20,373,084
76$67,079,542$3,166,468$380,524$22,274,815
77$73,832,889$3,232,859$304,505$24,367,434
78$81,272,281$3,299,707$223,144$26,670,409
79$89,467,607$3,366,946$136,173$29,205,198
80$98,495,881$3,434,505$43,313$31,995,450
81$108,441,971$3,502,305$0$35,067,232
82$119,399,396$3,570,262$0$38,465,940
83$131,471,214$3,638,284$0$42,221,465
84$144,770,989$3,706,271$0$46,355,850
85$159,423,866$3,774,116$0$50,907,657
86$175,567,754$3,841,701$0$55,919,386
87$193,354,622$3,908,901$0$61,437,869
88$212,951,938$3,975,581$0$67,514,717
89$234,544,246$4,041,596$0$74,206,806
90$258,334,914$4,106,788$0$81,576,812
91$284,548,045$4,170,991$0$89,693,807
92$313,430,598$4,234,022$0$98,633,908
93$345,254,720$4,295,690$0$108,480,999
94$380,320,310$4,355,787$0$119,327,520
95$418,957,852$4,414,091$0$131,275,342
96$461,531,537$4,470,366$0$144,436,729
97$508,442,698$4,524,358$0$158,935,398
98$560,133,597$4,575,796$0$174,907,689
99$617,091,606$4,624,391$0$192,503,849
100$679,853,799$4,669,836$0$211,889,455