Can I retire at age 30 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$79,276$78,570$77,881$77,208$76,552$73,865
2 years$39,245$38,515$37,806$37,119$36,453$33,775
3 years$25,904$25,170$24,463$23,783$23,127$20,541
4 years$19,234$18,502$17,803$17,134$16,495$14,020
5 years$15,234$14,506$13,816$13,161$12,539$10,183
6 years$12,567$11,845$11,165$10,525$9,922$7,686
7 years$10,664$9,948$9,278$8,653$8,069$5,953
8 years$9,236$8,527$7,869$7,259$6,694$4,697
9 years$8,127$7,424$6,777$6,183$5,637$3,756
10 years$7,240$6,544$5,909$5,330$4,803$3,034
11 years$6,515$5,826$5,202$4,638$4,131$2,470
12 years$5,911$5,229$4,617$4,068$3,580$2,024
13 years$5,400$4,725$4,125$3,592$3,122$1,667
14 years$4,963$4,295$3,706$3,188$2,736$1,378
15 years$4,584$3,924$3,346$2,844$2,409$1,143
16 years$4,253$3,600$3,034$2,546$2,129$951
17 years$3,961$3,316$2,760$2,288$1,888$792
18 years$3,702$3,064$2,520$2,062$1,679$661
19 years$3,471$2,839$2,307$1,863$1,496$553
20 years$3,263$2,639$2,117$1,687$1,337$463
21 years$3,075$2,458$1,947$1,531$1,196$388
22 years$2,904$2,294$1,795$1,392$1,072$325
23 years$2,748$2,146$1,657$1,268$962$273
24 years$2,606$2,010$1,533$1,156$865$229
25 years$2,475$1,887$1,420$1,056$778$193
26 years$2,354$1,773$1,317$966$701$162
27 years$2,243$1,669$1,223$884$632$136
28 years$2,140$1,572$1,136$810$570$115
29 years$2,044$1,483$1,058$743$515$96
30 years$1,954$1,401$985$682$465$81
31 years$1,871$1,324$918$626$421$68
32 years$1,792$1,253$857$575$381$57
33 years$1,719$1,187$800$529$344$48
34 years$1,650$1,125$748$487$312$41
35 years$1,586$1,067$699$448$282$34
36 years$1,525$1,013$654$413$256$29
37 years$1,467$962$612$380$232$24
38 years$1,413$914$573$350$210$21
39 years$1,361$869$537$323$191$17
40 years$1,312$827$503$298$173$15
41 years$1,266$787$472$275$157$12
42 years$1,222$750$443$254$142$10
43 years$1,180$714$415$234$129$9
44 years$1,141$681$390$216$117$7
45 years$1,103$649$366$200$106$6
46 years$1,067$619$344$185$97$5
47 years$1,032$591$323$170$88$4
48 years$999$564$304$158$80$4
49 years$967$539$285$146$72$3
50 years$937$515$268$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $960,000, adding $4,245 every year, while hoping to spend $29,196 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: 68/5/27 Blend
29$960,000$960,000$960,000$960,000
30$1,062,299$1,011,419$996,539$1,126,818
31$1,139,589$1,029,914$998,858$1,189,219
32$1,223,784$1,048,337$1,000,277$1,253,753
33$1,315,558$1,066,653$1,000,734$1,323,695
34$1,415,651$1,084,826$1,000,166$1,399,580
35$1,524,881$1,102,815$998,504$1,481,998
36$1,644,143$1,120,578$995,679$1,571,602
37$1,774,428$1,138,069$991,616$1,669,108
38$1,916,824$1,155,238$986,239$1,775,309
39$2,072,527$1,172,032$979,466$1,891,076
40$2,242,859$1,188,395$971,212$2,017,372
41$2,429,271$1,204,267$961,388$2,155,258
42$2,633,362$1,219,582$949,900$2,305,901
43$2,856,895$1,234,271$936,651$2,470,592
44$3,101,808$1,248,260$921,539$2,650,752
45$3,370,237$1,261,470$904,456$2,847,946
46$3,664,536$1,273,817$885,290$3,063,904
47$3,987,296$1,285,210$863,923$3,300,528
48$4,341,369$1,295,555$840,234$3,559,919
49$4,729,900$1,304,749$814,093$3,844,390
50$5,156,352$1,312,683$785,367$4,156,494
51$5,624,537$1,319,241$753,914$4,499,044
52$6,138,658$1,324,302$719,588$4,875,139
53$6,703,342$1,327,734$682,235$5,288,199
54$7,323,688$1,329,398$641,695$5,741,993
55$8,005,312$1,329,147$597,800$6,240,675
56$8,754,402$1,326,823$550,375$6,788,824
57$9,577,775$1,322,261$499,236$7,391,489
58$10,482,940$1,315,284$444,193$8,054,235
59$11,478,171$1,305,704$385,044$8,783,197
60$12,572,584$1,293,323$321,583$9,585,136
61$13,776,221$1,277,930$253,590$10,467,508
62$15,100,149$1,259,301$180,838$11,438,529
63$16,556,557$1,237,201$103,090$12,507,256
64$18,158,880$1,211,377$20,097$13,683,673
65$19,921,916$1,181,565$0$14,978,784
66$21,861,974$1,147,484$0$16,424,445
67$23,997,019$1,108,835$0$18,021,762
68$26,346,851$1,065,304$0$19,779,756
69$28,933,283$1,016,557$0$21,714,757
70$31,780,352$962,242$0$23,844,757
71$34,914,541$901,985$0$26,189,583
72$38,365,034$835,392$0$28,771,081
73$42,163,988$762,047$0$31,613,326
74$46,346,835$681,507$0$34,742,847
75$50,952,619$593,308$0$38,188,875
76$56,024,363$496,957$0$41,983,625
77$61,609,474$391,934$0$46,162,592
78$67,760,192$277,690$0$50,764,894
79$74,534,078$153,644$0$55,833,634
80$81,994,566$19,184$0$61,416,313
81$90,211,550$0$0$67,565,273
82$99,262,053$0$0$74,345,147
83$109,230,948$0$0$81,814,245
84$120,211,762$0$0$90,041,598
85$132,307,556$0$0$99,104,433
86$145,631,898$0$0$109,087,852
87$160,309,935$0$0$120,085,636
88$176,479,575$0$0$132,201,125
89$194,292,786$0$0$145,548,196
90$213,917,032$0$0$160,252,339
91$235,536,852$0$0$176,451,838
92$259,355,603$0$0$194,299,080
93$285,597,376$0$0$213,961,989
94$314,509,117$0$0$235,625,614
95$346,362,951$0$0$259,493,873
96$381,458,754$0$0$285,791,478
97$420,126,983$0$0$314,766,061
98$462,731,793$0$0$346,690,502
99$509,674,478$0$0$381,865,513
100$561,397,253$0$0$420,622,471