Can I retire at age 30 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$79,111$78,406$77,719$77,048$76,392$74,850
2 years$39,164$38,434$37,727$37,042$36,377$34,830
3 years$25,850$25,117$24,412$23,733$23,079$21,576
4 years$19,194$18,464$17,766$17,098$16,460$15,012
5 years$15,202$14,476$13,787$13,133$12,513$11,123
6 years$12,541$11,821$11,142$10,503$9,901$8,572
7 years$10,641$9,927$9,259$8,635$8,052$6,784
8 years$9,217$8,509$7,852$7,244$6,680$5,473
9 years$8,110$7,409$6,763$6,170$5,626$4,478
10 years$7,225$6,531$5,896$5,319$4,793$3,705
11 years$6,501$5,814$5,191$4,629$4,122$3,091
12 years$5,898$5,218$4,607$4,060$3,572$2,597
13 years$5,389$4,716$4,116$3,584$3,115$2,194
14 years$4,952$4,286$3,698$3,182$2,731$1,862
15 years$4,575$3,916$3,339$2,838$2,404$1,586
16 years$4,244$3,593$3,027$2,541$2,125$1,355
17 years$3,953$3,309$2,755$2,283$1,884$1,161
18 years$3,695$3,057$2,515$2,057$1,675$997
19 years$3,464$2,833$2,302$1,859$1,493$858
20 years$3,256$2,633$2,113$1,684$1,334$739
21 years$3,068$2,453$1,943$1,528$1,194$638
22 years$2,898$2,289$1,791$1,389$1,070$551
23 years$2,743$2,141$1,654$1,265$960$477
24 years$2,600$2,006$1,529$1,154$863$413
25 years$2,470$1,883$1,417$1,054$777$357
26 years$2,350$1,769$1,314$964$700$310
27 years$2,238$1,665$1,220$882$631$269
28 years$2,135$1,569$1,134$808$569$233
29 years$2,039$1,480$1,055$741$514$202
30 years$1,950$1,398$983$680$464$176
31 years$1,867$1,322$916$625$420$153
32 years$1,789$1,250$855$574$380$133
33 years$1,716$1,184$798$528$344$115
34 years$1,647$1,122$746$486$311$100
35 years$1,582$1,065$697$447$282$87
36 years$1,522$1,010$652$412$255$76
37 years$1,464$960$611$379$231$66
38 years$1,410$912$572$350$210$57
39 years$1,358$867$536$322$190$50
40 years$1,310$825$502$297$173$43
41 years$1,264$785$471$274$157$38
42 years$1,220$748$442$253$142$33
43 years$1,178$713$414$234$129$28
44 years$1,138$679$389$216$117$25
45 years$1,100$648$365$199$106$22
46 years$1,064$618$343$184$96$19
47 years$1,030$590$322$170$88$16
48 years$997$563$303$157$80$14
49 years$965$538$285$145$72$12
50 years$935$514$268$134$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $958,000, adding $4,250 every year, while hoping to spend $44,998 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: 46/30/24 Blend
29$958,000$958,000$958,000$958,000
30$1,060,100$1,009,326$994,477$1,101,385
31$1,120,353$1,010,905$979,914$1,132,454
32$1,185,243$1,011,054$963,356$1,161,393
33$1,255,196$1,009,654$944,687$1,191,891
34$1,330,680$1,006,581$923,788$1,224,116
35$1,412,209$1,001,703$900,534$1,258,257
36$1,500,345$994,878$874,793$1,294,521
37$1,595,711$985,957$846,429$1,333,144
38$1,698,987$974,783$815,298$1,374,385
39$1,810,924$961,187$781,251$1,418,535
40$1,932,345$944,992$744,130$1,465,917
41$2,064,158$926,010$703,771$1,516,890
42$2,207,359$904,042$660,005$1,571,855
43$2,363,045$878,875$612,650$1,631,258
44$2,532,423$850,288$561,522$1,695,593
45$2,716,821$818,042$506,423$1,765,410
46$2,917,699$781,889$447,150$1,841,322
47$3,136,665$741,562$383,491$1,924,007
48$3,375,488$696,782$315,221$2,014,218
49$3,636,116$647,253$242,110$2,112,792
50$3,920,693$592,661$163,913$2,220,657
51$4,231,578$532,675$80,378$2,338,843
52$4,571,368$466,946$0$2,468,490
53$4,942,925$395,104$0$2,613,110
54$5,349,397$316,757$0$2,793,971
55$5,794,251$231,494$0$2,992,095
56$6,281,306$138,878$0$3,209,280
57$6,814,765$38,449$0$3,447,512
58$7,399,259$0$0$3,708,985
59$8,039,888$0$0$4,019,321
60$8,742,266$0$0$4,373,599
61$9,512,580$0$0$4,762,259
62$10,357,642$0$0$5,188,752
63$11,284,956$0$0$5,656,881
64$12,302,787$0$0$6,170,834
65$13,420,240$0$0$6,735,224
66$14,647,345$0$0$7,355,133
67$15,995,148$0$0$8,036,159
68$17,475,821$0$0$8,784,471
69$19,102,772$0$0$9,606,862
70$20,890,770$0$0$10,510,818
71$22,856,090$0$0$11,504,585
72$25,016,657$0$0$12,597,249
73$27,392,224$0$0$13,798,819
74$30,004,550$0$0$15,120,323
75$32,877,610$0$0$16,573,913
76$36,037,820$0$0$18,172,976
77$39,514,281$0$0$19,932,261
78$43,339,061$0$0$21,868,022
79$47,547,490$0$0$23,998,164
80$52,178,495$0$0$26,342,418
81$57,274,969$0$0$28,922,523
82$62,884,174$0$0$31,762,435
83$69,058,182$0$0$34,888,547
84$75,854,374$0$0$38,329,942
85$83,335,973$0$0$42,118,667
86$91,572,646$0$0$46,290,032
87$100,641,156$0$0$50,882,947
88$110,626,090$0$0$55,940,286
89$121,620,652$0$0$61,509,293
90$133,727,546$0$0$67,642,027
91$147,059,944$0$0$74,395,851
92$161,742,550$0$0$81,833,977
93$177,912,781$0$0$90,026,058
94$195,722,058$0$0$99,048,850
95$215,337,240$0$0$108,986,931
96$236,942,194$0$0$119,933,502
97$260,739,531$0$0$131,991,265
98$286,952,517$0$0$145,273,394
99$315,827,181$0$0$159,904,598
100$347,634,634$0$0$176,022,305