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%12.1%
1 years$79,276$78,570$77,881$77,208$76,552$75,879
2 years$39,245$38,515$37,806$37,119$36,453$35,775
3 years$25,904$25,170$24,463$23,783$23,127$22,465
4 years$19,234$18,502$17,803$17,134$16,495$15,853
5 years$15,234$14,506$13,816$13,161$12,539$11,920
6 years$12,567$11,845$11,165$10,525$9,922$9,327
7 years$10,664$9,948$9,278$8,653$8,069$7,498
8 years$9,236$8,527$7,869$7,259$6,694$6,147
9 years$8,127$7,424$6,777$6,183$5,637$5,114
10 years$7,240$6,544$5,909$5,330$4,803$4,303
11 years$6,515$5,826$5,202$4,638$4,131$3,654
12 years$5,911$5,229$4,617$4,068$3,580$3,125
13 years$5,400$4,725$4,125$3,592$3,122$2,689
14 years$4,963$4,295$3,706$3,188$2,736$2,325
15 years$4,584$3,924$3,346$2,844$2,409$2,019
16 years$4,253$3,600$3,034$2,546$2,129$1,759
17 years$3,961$3,316$2,760$2,288$1,888$1,538
18 years$3,702$3,064$2,520$2,062$1,679$1,347
19 years$3,471$2,839$2,307$1,863$1,496$1,183
20 years$3,263$2,639$2,117$1,687$1,337$1,041
21 years$3,075$2,458$1,947$1,531$1,196$917
22 years$2,904$2,294$1,795$1,392$1,072$810
23 years$2,748$2,146$1,657$1,268$962$715
24 years$2,606$2,010$1,533$1,156$865$633
25 years$2,475$1,887$1,420$1,056$778$560
26 years$2,354$1,773$1,317$966$701$497
27 years$2,243$1,669$1,223$884$632$440
28 years$2,140$1,572$1,136$810$570$391
29 years$2,044$1,483$1,058$743$515$347
30 years$1,954$1,401$985$682$465$308
31 years$1,871$1,324$918$626$421$274
32 years$1,792$1,253$857$575$381$244
33 years$1,719$1,187$800$529$344$217
34 years$1,650$1,125$748$487$312$193
35 years$1,586$1,067$699$448$282$172
36 years$1,525$1,013$654$413$256$153
37 years$1,467$962$612$380$232$136
38 years$1,413$914$573$350$210$121
39 years$1,361$869$537$323$191$108
40 years$1,312$827$503$298$173$96
41 years$1,266$787$472$275$157$86
42 years$1,222$750$443$254$142$76
43 years$1,180$714$415$234$129$68
44 years$1,141$681$390$216$117$61
45 years$1,103$649$366$200$106$54
46 years$1,067$619$344$185$97$48
47 years$1,032$591$323$170$88$43
48 years$999$564$304$158$80$38
49 years$967$539$285$146$72$34
50 years$937$515$268$135$66$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $960,000, adding $6,895 every year, while hoping to spend $47,974 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: 48/28/24 Blend
29$960,000$960,000$960,000$960,000
30$1,065,032$1,014,152$999,272$1,108,593
31$1,122,622$1,012,802$981,704$1,138,414
32$1,184,477$1,009,777$961,939$1,165,456
33$1,250,983$1,004,946$939,854$1,193,855
34$1,322,562$998,167$915,318$1,223,761
35$1,399,678$989,291$888,195$1,255,343
36$1,482,839$978,161$858,343$1,288,787
37$1,572,605$964,607$825,614$1,324,303
38$1,669,590$948,452$789,852$1,362,126
39$1,774,470$929,508$750,894$1,402,517
40$1,887,988$907,575$708,570$1,445,769
41$2,010,958$882,442$662,703$1,492,206
42$2,144,279$853,885$613,106$1,542,193
43$2,288,937$821,666$559,587$1,596,133
44$2,446,017$785,537$501,941$1,654,477
45$2,616,713$745,230$439,959$1,717,725
46$2,802,337$700,467$373,418$1,786,436
47$3,004,336$650,949$302,087$1,861,229
48$3,224,297$596,365$225,726$1,942,793
49$3,463,970$536,381$144,082$2,031,894
50$3,725,279$470,649$56,894$2,129,382
51$4,010,344$398,797$0$2,236,201
52$4,321,496$320,434$0$2,362,656
53$4,661,301$235,148$0$2,516,802
54$5,032,585$142,502$0$2,685,421
55$5,438,459$42,035$0$2,870,021
56$5,882,347$0$0$3,072,270
57$6,368,021$0$0$3,314,576
58$6,899,632$0$0$3,594,081
59$7,481,752$0$0$3,900,250
60$8,119,418$0$0$4,235,744
61$8,818,172$0$0$4,603,496
62$9,584,123$0$0$5,006,732
63$10,423,995$0$0$5,449,010
64$11,345,197$0$0$5,934,246
65$12,355,886$0$0$6,466,753
66$13,465,051$0$0$7,051,282
67$14,682,589$0$0$7,693,069
68$16,019,406$0$0$8,397,878
69$17,487,513$0$0$9,172,062
70$19,100,141$0$0$10,022,617
71$20,871,868$0$0$10,957,251
72$22,818,752$0$0$11,984,456
73$24,958,483$0$0$13,113,587
74$27,310,552$0$0$14,354,951
75$29,896,431$0$0$15,719,903
76$32,739,776$0$0$17,220,954
77$35,866,649$0$0$18,871,888
78$39,305,768$0$0$20,687,890
79$43,088,769$0$0$22,685,692
80$47,250,512$0$0$24,883,732
81$51,829,403$0$0$27,302,320
82$56,867,760$0$0$29,963,839
83$62,412,210$0$0$32,892,947
84$68,514,128$0$0$36,116,818
85$75,230,121$0$0$39,665,391
86$82,622,564$0$0$43,571,655
87$90,760,184$0$0$47,871,961
88$99,718,709$0$0$52,606,361
89$109,581,585$0$0$57,818,991
90$120,440,759$0$0$63,558,483
91$132,397,546$0$0$69,878,425
92$145,563,589$0$0$76,837,866
93$160,061,905$0$0$84,501,873
94$176,028,051$0$0$92,942,144
95$193,611,398$0$0$102,237,687
96$212,976,544$0$0$112,475,562
97$234,304,863$0$0$123,751,704
98$257,796,220$0$0$136,171,827
99$283,670,851$0$0$149,852,422
100$312,171,446$0$0$164,921,856