Can I retire at age 30 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$78,863$78,161$77,475$76,806$76,153$74,677
2 years$39,041$38,314$37,609$36,926$36,263$34,782
3 years$25,769$25,039$24,336$23,659$23,007$21,567
4 years$19,134$18,406$17,710$17,045$16,409$15,021
5 years$15,154$14,431$13,744$13,092$12,474$11,142
6 years$12,502$11,784$11,107$10,470$9,870$8,596
7 years$10,608$9,896$9,230$8,608$8,027$6,811
8 years$9,188$8,483$7,828$7,221$6,659$5,500
9 years$8,085$7,386$6,742$6,151$5,608$4,506
10 years$7,202$6,510$5,878$5,302$4,778$3,732
11 years$6,481$5,796$5,175$4,614$4,109$3,118
12 years$5,880$5,202$4,592$4,047$3,561$2,623
13 years$5,372$4,701$4,103$3,573$3,105$2,219
14 years$4,937$4,273$3,687$3,172$2,722$1,886
15 years$4,560$3,903$3,329$2,829$2,397$1,609
16 years$4,231$3,581$3,018$2,533$2,118$1,377
17 years$3,941$3,298$2,746$2,276$1,878$1,181
18 years$3,683$3,048$2,507$2,051$1,670$1,016
19 years$3,453$2,825$2,295$1,853$1,489$875
20 years$3,246$2,625$2,106$1,678$1,330$755
21 years$3,059$2,445$1,937$1,523$1,190$653
22 years$2,889$2,282$1,785$1,385$1,067$565
23 years$2,734$2,134$1,649$1,261$957$489
24 years$2,592$2,000$1,525$1,150$861$424
25 years$2,462$1,877$1,412$1,051$774$368
26 years$2,342$1,764$1,310$961$697$319
27 years$2,231$1,660$1,216$879$629$277
28 years$2,128$1,564$1,131$806$567$241
29 years$2,033$1,476$1,052$739$512$210
30 years$1,944$1,394$980$678$463$182
31 years$1,861$1,317$914$623$419$159
32 years$1,783$1,247$852$572$379$138
33 years$1,710$1,181$796$526$343$120
34 years$1,642$1,119$744$484$310$105
35 years$1,577$1,061$695$446$281$91
36 years$1,517$1,007$650$411$255$79
37 years$1,460$957$609$378$231$69
38 years$1,405$909$570$349$209$60
39 years$1,354$865$534$321$190$52
40 years$1,306$823$501$296$172$46
41 years$1,260$783$469$274$156$40
42 years$1,216$746$440$252$142$35
43 years$1,174$710$413$233$129$30
44 years$1,135$677$388$215$117$26
45 years$1,097$646$364$199$106$23
46 years$1,061$616$342$184$96$20
47 years$1,027$588$321$170$87$17
48 years$994$561$302$157$79$15
49 years$962$536$284$145$72$13
50 years$932$512$267$134$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $955,000, adding $5,258 every year, while hoping to spend $47,271 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: 74/18/8 Blend
29$955,000$955,000$955,000$955,000
30$1,057,834$1,007,219$992,416$1,134,406
31$1,115,437$1,006,276$975,366$1,184,639
32$1,177,331$1,003,704$956,161$1,233,177
33$1,243,904$999,371$934,677$1,285,014
34$1,315,582$993,139$910,789$1,340,461
35$1,392,832$984,864$884,361$1,399,861
36$1,476,169$974,390$855,255$1,463,591
37$1,566,155$961,552$823,323$1,532,070
38$1,663,412$946,177$788,413$1,605,758
39$1,768,621$928,081$750,366$1,685,162
40$1,882,530$907,067$709,013$1,770,842
41$2,005,963$882,928$664,180$1,863,417
42$2,139,827$855,447$615,686$1,963,570
43$2,285,116$824,391$563,338$2,072,052
44$2,442,926$789,514$506,938$2,189,694
45$2,614,461$750,557$446,277$2,317,412
46$2,801,047$707,245$381,138$2,456,219
47$3,004,143$659,289$311,295$2,607,229
48$3,225,351$606,380$236,509$2,771,673
49$3,466,439$548,195$156,534$2,950,909
50$3,729,349$484,389$71,112$3,146,438
51$4,016,220$414,601$0$3,359,910
52$4,329,405$338,448$0$3,594,864
53$4,671,497$255,524$0$3,858,188
54$5,045,347$165,403$0$4,146,053
55$5,454,098$67,632$0$4,460,933
56$5,901,205$0$0$4,805,559
57$6,390,477$0$0$5,190,520
58$6,926,107$0$0$5,626,661
59$7,512,711$0$0$6,104,349
60$8,155,372$0$0$6,627,730
61$8,859,691$0$0$7,201,369
62$9,631,833$0$0$7,830,294
63$10,478,590$0$0$8,520,043
64$11,407,441$0$0$9,276,714
65$12,426,627$0$0$10,107,026
66$13,545,222$0$0$11,018,378
67$14,773,222$0$0$12,018,923
68$16,121,640$0$0$13,117,637
69$17,602,605$0$0$14,324,414
70$19,229,480$0$0$15,650,148
71$21,016,986$0$0$17,106,843
72$22,981,339$0$0$18,707,724
73$25,140,406$0$0$20,467,357
74$27,513,870$0$0$22,401,794
75$30,123,415$0$0$24,528,716
76$32,992,932$0$0$26,867,605
77$36,148,743$0$0$29,439,925
78$39,619,848$0$0$32,269,325
79$43,438,200$0$0$35,381,859
80$47,639,003$0$0$38,806,235
81$52,261,047$0$0$42,574,083
82$57,347,070$0$0$46,720,254
83$62,944,161$0$0$51,283,149
84$69,104,209$0$0$56,305,078
85$75,884,383$0$0$61,832,661
86$83,347,678$0$0$67,917,269
87$91,563,507$0$0$74,615,504
88$100,608,353$0$0$81,989,735
89$110,566,493$0$0$90,108,686
90$121,530,789$0$0$99,048,084
91$133,603,569$0$0$108,891,372
92$146,897,587$0$0$119,730,498
93$161,537,087$0$0$131,666,779
94$177,658,979$0$0$144,811,860
95$195,414,125$0$0$159,288,763
96$214,968,765$0$0$175,233,053
97$236,506,083$0$0$192,794,111
98$260,227,939$0$0$212,136,546
99$286,356,768$0$0$233,441,748
100$315,137,684$0$0$256,909,601