Can I retire at age 30 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$79,276$78,570$77,881$77,208$76,552$73,718
2 years$39,245$38,515$37,806$37,119$36,453$33,631
3 years$25,904$25,170$24,463$23,783$23,127$20,404
4 years$19,234$18,502$17,803$17,134$16,495$13,892
5 years$15,234$14,506$13,816$13,161$12,539$10,063
6 years$12,567$11,845$11,165$10,525$9,922$7,575
7 years$10,664$9,948$9,278$8,653$8,069$5,850
8 years$9,236$8,527$7,869$7,259$6,694$4,602
9 years$8,127$7,424$6,777$6,183$5,637$3,668
10 years$7,240$6,544$5,909$5,330$4,803$2,954
11 years$6,515$5,826$5,202$4,638$4,131$2,398
12 years$5,911$5,229$4,617$4,068$3,580$1,958
13 years$5,400$4,725$4,125$3,592$3,122$1,607
14 years$4,963$4,295$3,706$3,188$2,736$1,324
15 years$4,584$3,924$3,346$2,844$2,409$1,094
16 years$4,253$3,600$3,034$2,546$2,129$907
17 years$3,961$3,316$2,760$2,288$1,888$753
18 years$3,702$3,064$2,520$2,062$1,679$626
19 years$3,471$2,839$2,307$1,863$1,496$522
20 years$3,263$2,639$2,117$1,687$1,337$435
21 years$3,075$2,458$1,947$1,531$1,196$363
22 years$2,904$2,294$1,795$1,392$1,072$303
23 years$2,748$2,146$1,657$1,268$962$254
24 years$2,606$2,010$1,533$1,156$865$212
25 years$2,475$1,887$1,420$1,056$778$178
26 years$2,354$1,773$1,317$966$701$149
27 years$2,243$1,669$1,223$884$632$125
28 years$2,140$1,572$1,136$810$570$104
29 years$2,044$1,483$1,058$743$515$87
30 years$1,954$1,401$985$682$465$73
31 years$1,871$1,324$918$626$421$61
32 years$1,792$1,253$857$575$381$51
33 years$1,719$1,187$800$529$344$43
34 years$1,650$1,125$748$487$312$36
35 years$1,586$1,067$699$448$282$30
36 years$1,525$1,013$654$413$256$25
37 years$1,467$962$612$380$232$21
38 years$1,413$914$573$350$210$18
39 years$1,361$869$537$323$191$15
40 years$1,312$827$503$298$173$13
41 years$1,266$787$472$275$157$11
42 years$1,222$750$443$254$142$9
43 years$1,180$714$415$234$129$7
44 years$1,141$681$390$216$117$6
45 years$1,103$649$366$200$106$5
46 years$1,067$619$344$185$97$4
47 years$1,032$591$323$170$88$4
48 years$999$564$304$158$80$3
49 years$967$539$285$146$72$3
50 years$937$515$268$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $960,000, adding $5,703 every year, while hoping to spend $22,984 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: 54/36/10 Blend
29$960,000$960,000$960,000$960,000
30$1,063,803$1,012,923$998,043$1,118,268
31$1,147,856$1,038,101$1,007,022$1,181,030
32$1,239,712$1,063,743$1,015,532$1,246,314
33$1,340,143$1,089,847$1,023,533$1,316,823
34$1,449,998$1,116,410$1,030,982$1,393,059
35$1,570,213$1,143,429$1,037,835$1,475,573
36$1,701,818$1,170,900$1,044,046$1,564,971
37$1,845,947$1,198,818$1,049,565$1,661,921
38$2,003,849$1,227,176$1,054,341$1,767,159
39$2,176,901$1,255,966$1,058,320$1,881,494
40$2,366,616$1,285,180$1,061,445$2,005,821
41$2,574,664$1,314,807$1,063,657$2,141,120
42$2,802,882$1,344,835$1,064,892$2,288,475
43$3,053,295$1,375,251$1,065,085$2,449,080
44$3,328,132$1,406,039$1,064,167$2,624,247
45$3,629,851$1,437,184$1,062,065$2,815,426
46$3,961,155$1,468,665$1,058,703$3,024,210
47$4,325,025$1,500,463$1,054,003$3,252,357
48$4,724,745$1,532,553$1,047,879$3,501,805
49$5,163,932$1,564,910$1,040,246$3,774,686
50$5,646,569$1,597,507$1,031,010$4,073,351
51$6,177,046$1,630,312$1,020,076$4,400,392
52$6,760,200$1,663,293$1,007,344$4,758,663
53$7,401,358$1,696,412$992,708$5,151,310
54$8,106,390$1,729,630$976,057$5,581,800
55$8,881,764$1,762,903$957,276$6,053,953
56$9,734,604$1,796,185$936,245$6,571,980
57$10,672,761$1,829,425$912,837$7,140,519
58$11,704,884$1,862,569$886,919$7,764,684
59$12,840,505$1,895,557$858,353$8,450,110
60$14,090,123$1,928,326$826,994$9,203,006
61$15,465,308$1,960,807$792,691$10,030,216
62$16,978,809$1,992,927$755,286$10,939,283
63$18,644,673$2,024,605$714,613$11,938,518
64$20,478,376$2,055,757$670,499$13,037,081
65$22,496,974$2,086,293$622,764$14,245,069
66$24,719,257$2,116,113$571,219$15,573,608
67$27,165,932$2,145,113$515,666$17,034,959
68$29,859,815$2,173,182$455,899$18,642,637
69$32,826,048$2,200,200$391,703$20,411,536
70$36,092,333$2,226,038$322,853$22,358,069
71$39,689,197$2,250,560$249,115$24,500,327
72$43,650,278$2,273,620$170,243$26,858,247
73$48,012,642$2,295,063$85,981$29,453,800
74$52,817,133$2,314,722$0$32,311,203
75$58,108,759$2,332,422$0$35,457,565
76$63,937,115$2,347,974$0$38,931,694
77$70,356,854$2,361,177$0$42,756,853
78$77,428,198$2,371,820$0$46,968,800
79$85,217,509$2,379,674$0$51,606,939
80$93,797,917$2,384,500$0$56,714,698
81$103,250,006$2,386,042$0$62,339,933
82$113,662,575$2,384,027$0$68,535,385
83$125,133,481$2,378,167$0$75,359,176
84$137,770,554$2,368,155$0$82,875,359
85$151,692,623$2,353,667$0$91,154,524
86$167,030,631$2,334,358$0$100,274,462
87$183,928,875$2,309,861$0$110,320,902
88$202,546,365$2,279,789$0$121,388,322
89$223,058,327$2,243,731$0$133,580,840
90$245,657,854$2,201,251$0$147,013,198
91$270,557,731$2,151,889$0$161,811,845
92$297,992,443$2,095,155$0$178,116,133
93$328,220,388$2,030,533$0$196,079,635
94$361,526,313$1,957,475$0$215,871,592
95$398,224,007$1,875,401$0$237,678,513
96$438,659,259$1,783,699$0$261,705,940
97$483,213,124$1,681,721$0$288,180,385
98$532,305,518$1,568,780$0$317,351,473
99$586,399,182$1,444,152$0$349,494,298
100$646,004,053$1,307,070$0$384,912,023