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%12.6%
1 years$79,276$78,570$77,881$77,208$76,552$75,721
2 years$39,245$38,515$37,806$37,119$36,453$35,617
3 years$25,904$25,170$24,463$23,783$23,127$22,311
4 years$19,234$18,502$17,803$17,134$16,495$15,705
5 years$15,234$14,506$13,816$13,161$12,539$11,778
6 years$12,567$11,845$11,165$10,525$9,922$9,190
7 years$10,664$9,948$9,278$8,653$8,069$7,368
8 years$9,236$8,527$7,869$7,259$6,694$6,023
9 years$8,127$7,424$6,777$6,183$5,637$4,996
10 years$7,240$6,544$5,909$5,330$4,803$4,191
11 years$6,515$5,826$5,202$4,638$4,131$3,548
12 years$5,911$5,229$4,617$4,068$3,580$3,025
13 years$5,400$4,725$4,125$3,592$3,122$2,594
14 years$4,963$4,295$3,706$3,188$2,736$2,236
15 years$4,584$3,924$3,346$2,844$2,409$1,935
16 years$4,253$3,600$3,034$2,546$2,129$1,680
17 years$3,961$3,316$2,760$2,288$1,888$1,464
18 years$3,702$3,064$2,520$2,062$1,679$1,278
19 years$3,471$2,839$2,307$1,863$1,496$1,118
20 years$3,263$2,639$2,117$1,687$1,337$980
21 years$3,075$2,458$1,947$1,531$1,196$861
22 years$2,904$2,294$1,795$1,392$1,072$757
23 years$2,748$2,146$1,657$1,268$962$666
24 years$2,606$2,010$1,533$1,156$865$587
25 years$2,475$1,887$1,420$1,056$778$518
26 years$2,354$1,773$1,317$966$701$457
27 years$2,243$1,669$1,223$884$632$404
28 years$2,140$1,572$1,136$810$570$357
29 years$2,044$1,483$1,058$743$515$316
30 years$1,954$1,401$985$682$465$279
31 years$1,871$1,324$918$626$421$247
32 years$1,792$1,253$857$575$381$219
33 years$1,719$1,187$800$529$344$194
34 years$1,650$1,125$748$487$312$172
35 years$1,586$1,067$699$448$282$152
36 years$1,525$1,013$654$413$256$135
37 years$1,467$962$612$380$232$120
38 years$1,413$914$573$350$210$106
39 years$1,361$869$537$323$191$94
40 years$1,312$827$503$298$173$84
41 years$1,266$787$472$275$157$74
42 years$1,222$750$443$254$142$66
43 years$1,180$714$415$234$129$58
44 years$1,141$681$390$216$117$52
45 years$1,103$649$366$200$106$46
46 years$1,067$619$344$185$97$41
47 years$1,032$591$323$170$88$36
48 years$999$564$304$158$80$32
49 years$967$539$285$146$72$29
50 years$937$515$268$135$66$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $960,000, adding $3,155 every year, while hoping to spend $20,974 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: 37/45/18 Blend
29$960,000$960,000$960,000$960,000
30$1,061,174$1,010,294$995,414$1,094,555
31$1,147,098$1,037,483$1,006,445$1,146,159
32$1,241,083$1,065,300$1,017,141$1,199,648
33$1,343,929$1,093,756$1,027,471$1,256,984
34$1,456,518$1,122,857$1,037,399$1,318,525
35$1,579,819$1,152,614$1,046,889$1,384,662
36$1,714,901$1,183,032$1,055,900$1,455,828
37$1,862,940$1,214,121$1,064,392$1,532,499
38$2,025,233$1,245,885$1,072,322$1,615,198
39$2,203,206$1,278,333$1,079,645$1,704,501
40$2,398,432$1,311,470$1,086,311$1,801,044
41$2,612,641$1,345,302$1,092,272$1,905,526
42$2,847,742$1,379,832$1,097,474$2,018,717
43$3,105,833$1,415,066$1,101,861$2,141,465
44$3,389,230$1,451,006$1,105,376$2,274,703
45$3,700,482$1,487,655$1,107,956$2,419,463
46$4,042,396$1,525,015$1,109,537$2,576,876
47$4,418,066$1,563,087$1,110,052$2,748,193
48$4,830,899$1,601,869$1,109,430$2,934,789
49$5,284,651$1,641,360$1,107,595$3,138,181
50$5,783,456$1,681,558$1,104,471$3,360,039
51$6,331,873$1,722,459$1,099,975$3,602,204
52$6,934,921$1,764,056$1,094,021$3,866,706
53$7,598,132$1,806,344$1,086,520$4,155,778
54$8,327,600$1,849,313$1,077,376$4,471,885
55$9,130,038$1,892,952$1,066,492$4,817,741
56$10,012,846$1,937,251$1,053,763$5,196,338
57$10,984,173$1,982,193$1,039,081$5,610,971
58$12,053,002$2,027,764$1,022,333$6,065,275
59$13,229,227$2,073,943$1,003,400$6,563,253
60$14,523,751$2,120,710$982,158$7,109,317
61$15,948,590$2,168,040$958,476$7,708,331
62$17,516,979$2,215,907$932,218$8,365,654
63$19,243,506$2,264,281$903,242$9,087,194
64$21,144,241$2,313,129$871,399$9,879,459
65$23,236,896$2,362,414$836,532$10,749,626
66$25,540,983$2,412,097$798,480$11,705,601
67$28,078,006$2,462,132$757,072$12,756,100
68$30,871,659$2,512,473$712,130$13,910,728
69$33,948,049$2,563,065$663,467$15,180,070
70$37,335,947$2,613,852$610,890$16,575,795
71$41,067,054$2,664,771$554,196$18,110,762
72$45,176,304$2,715,755$493,171$19,799,142
73$49,702,190$2,766,730$427,596$21,656,555
74$54,687,130$2,817,617$357,237$23,700,217
75$60,177,867$2,868,330$281,854$25,949,101
76$66,225,907$2,918,776$201,194$28,424,118
77$72,888,009$2,968,855$114,993$31,148,315
78$80,226,718$3,018,461$22,978$34,147,091
79$88,310,956$3,067,478$0$37,448,442
80$97,216,670$3,115,781$0$41,097,668
81$107,027,555$3,163,239$0$45,119,974
82$117,835,835$3,209,707$0$49,548,479
83$129,743,141$3,255,034$0$54,424,550
84$142,861,467$3,299,055$0$59,793,772
85$157,314,223$3,341,596$0$65,706,383
86$173,237,409$3,382,470$0$72,217,747
87$190,780,890$3,421,476$0$79,388,873
88$210,109,814$3,458,401$0$87,286,999
89$231,406,170$3,493,017$0$95,986,221
90$254,870,506$3,525,083$0$105,568,195
91$280,723,824$3,554,337$0$116,122,910
92$309,209,660$3,580,506$0$127,749,534
93$340,596,390$3,603,296$0$140,557,357
94$375,179,758$3,622,393$0$154,666,816
95$413,285,669$3,637,466$0$170,210,640
96$455,273,266$3,648,162$0$187,335,096
97$501,538,322$3,654,104$0$206,201,380
98$552,516,969$3,654,893$0$226,987,132
99$608,689,822$3,650,106$0$249,888,117
100$670,586,515$3,639,292$0$275,120,073