Can I retire at age 30 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$79,028$78,324$77,637$76,967$76,313$74,864
2 years$39,123$38,394$37,688$37,003$36,339$34,885
3 years$25,823$25,091$24,387$23,708$23,055$21,641
4 years$19,174$18,445$17,747$17,081$16,443$15,080
5 years$15,186$14,461$13,773$13,120$12,500$11,192
6 years$12,528$11,808$11,130$10,492$9,891$8,639
7 years$10,630$9,917$9,249$8,626$8,044$6,849
8 years$9,208$8,500$7,844$7,236$6,673$5,534
9 years$8,102$7,401$6,756$6,164$5,620$4,537
10 years$7,217$6,524$5,890$5,313$4,788$3,760
11 years$6,494$5,808$5,186$4,624$4,118$3,143
12 years$5,892$5,213$4,602$4,056$3,569$2,646
13 years$5,383$4,711$4,112$3,581$3,112$2,240
14 years$4,947$4,282$3,694$3,178$2,728$1,905
15 years$4,570$3,912$3,336$2,835$2,402$1,626
16 years$4,240$3,589$3,024$2,538$2,123$1,392
17 years$3,949$3,305$2,752$2,280$1,882$1,196
18 years$3,691$3,054$2,512$2,055$1,674$1,029
19 years$3,460$2,831$2,300$1,857$1,492$887
20 years$3,253$2,630$2,111$1,682$1,332$766
21 years$3,065$2,450$1,941$1,526$1,192$663
22 years$2,895$2,287$1,789$1,388$1,069$574
23 years$2,740$2,139$1,652$1,264$959$497
24 years$2,598$2,004$1,528$1,153$862$432
25 years$2,467$1,881$1,415$1,053$776$375
26 years$2,347$1,768$1,312$963$699$326
27 years$2,236$1,663$1,219$881$630$283
28 years$2,133$1,568$1,133$807$569$246
29 years$2,037$1,479$1,054$740$513$214
30 years$1,948$1,397$982$679$464$186
31 years$1,865$1,320$916$624$419$162
32 years$1,787$1,249$854$573$379$141
33 years$1,714$1,183$798$527$343$123
34 years$1,645$1,121$745$485$311$107
35 years$1,581$1,063$697$447$282$94
36 years$1,520$1,009$652$411$255$82
37 years$1,463$959$610$379$231$71
38 years$1,408$911$571$349$210$62
39 years$1,357$866$535$322$190$54
40 years$1,308$824$502$297$172$47
41 years$1,262$785$470$274$156$41
42 years$1,218$747$441$253$142$36
43 years$1,177$712$414$234$129$31
44 years$1,137$679$389$216$117$27
45 years$1,099$647$365$199$106$24
46 years$1,063$617$343$184$96$21
47 years$1,029$589$322$170$88$18
48 years$996$562$303$157$79$16
49 years$964$537$284$145$72$14
50 years$934$513$267$134$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $957,000, adding $5,506 every year, while hoping to spend $38,517 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: 56/30/14 Blend
29$957,000$957,000$957,000$957,000
30$1,060,293$1,009,572$994,739$1,115,535
31$1,127,462$1,018,060$987,081$1,162,119
32$1,200,190$1,025,672$977,875$1,208,163
33$1,279,005$1,032,326$967,030$1,257,428
34$1,364,486$1,037,932$954,448$1,310,229
35$1,457,269$1,042,396$940,027$1,366,914
36$1,558,054$1,045,617$923,662$1,427,868
37$1,667,612$1,047,489$905,241$1,493,517
38$1,786,790$1,047,897$884,648$1,564,332
39$1,916,520$1,046,722$861,761$1,640,833
40$2,057,828$1,043,834$836,453$1,723,593
41$2,211,843$1,039,099$808,591$1,813,248
42$2,379,807$1,032,371$778,035$1,910,498
43$2,563,088$1,023,497$744,640$2,016,119
44$2,763,190$1,012,316$708,253$2,130,966
45$2,981,771$998,655$668,715$2,255,984
46$3,220,655$982,332$625,859$2,392,219
47$3,481,849$963,153$579,512$2,540,822
48$3,767,564$940,914$529,493$2,703,069
49$4,080,235$915,399$475,610$2,880,366
50$4,422,542$886,377$417,667$3,074,267
51$4,797,438$853,605$355,455$3,286,486
52$5,208,173$816,828$288,759$3,518,918
53$5,658,326$775,773$217,352$3,773,654
54$6,151,841$730,151$140,999$4,053,003
55$6,693,061$679,660$59,454$4,359,514
56$7,286,767$623,978$0$4,695,999
57$7,938,228$562,763$0$5,069,683
58$8,653,247$495,658$0$5,489,620
59$9,438,215$422,283$0$5,950,745
60$10,300,174$342,235$0$6,457,276
61$11,246,879$255,092$0$7,013,867
62$12,286,875$160,406$0$7,625,648
63$13,429,574$57,704$0$8,298,280
64$14,685,346$0$0$9,038,004
65$16,065,614$0$0$9,869,371
66$17,582,964$0$0$10,804,339
67$19,251,261$0$0$11,832,415
68$21,085,782$0$0$12,963,025
69$23,103,357$0$0$14,206,554
70$25,322,530$0$0$15,574,443
71$27,763,731$0$0$17,079,301
72$30,449,471$0$0$18,735,016
73$33,404,553$0$0$20,556,893
74$36,656,304$0$0$22,561,795
75$40,234,834$0$0$24,768,302
76$44,173,322$0$0$27,196,887
77$48,508,324$0$0$29,870,108
78$53,280,119$0$0$32,812,820
79$58,533,092$0$0$36,052,411
80$64,316,148$0$0$39,619,060
81$70,683,175$0$0$43,546,021
82$77,693,552$0$0$47,869,935
83$85,412,710$0$0$52,631,177
84$93,912,746$0$0$57,874,240
85$103,273,105$0$0$63,648,147
86$113,581,331$0$0$70,006,921
87$124,933,888$0$0$77,010,090
88$137,437,075$0$0$84,723,250
89$151,208,025$0$0$93,218,683
90$166,375,811$0$0$102,576,041
91$183,082,666$0$0$112,883,094
92$201,485,320$0$0$124,236,562
93$221,756,484$0$0$136,743,025
94$244,086,475$0$0$150,519,928
95$268,685,018$0$0$165,696,693
96$295,783,215$0$0$182,415,935
97$325,635,737$0$0$200,834,813
98$358,523,220$0$0$221,126,509
99$394,754,913$0$0$243,481,863
100$434,671,603$0$0$268,111,178