Can I retire at age 30 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$79,358$78,652$77,962$77,289$76,631$74,597
2 years$39,286$38,555$37,846$37,158$36,491$34,456
3 years$25,931$25,196$24,489$23,808$23,152$21,179
4 years$19,254$18,522$17,821$17,152$16,512$14,617
5 years$15,249$14,521$13,830$13,174$12,552$10,740
6 years$12,580$11,858$11,177$10,536$9,932$8,205
7 years$10,675$9,958$9,288$8,662$8,077$6,436
8 years$9,246$8,536$7,877$7,266$6,701$5,143
9 years$8,135$7,432$6,784$6,189$5,643$4,168
10 years$7,248$6,551$5,915$5,335$4,808$3,414
11 years$6,522$5,832$5,207$4,643$4,135$2,820
12 years$5,917$5,234$4,621$4,073$3,584$2,344
13 years$5,406$4,730$4,129$3,596$3,125$1,959
14 years$4,968$4,300$3,710$3,192$2,739$1,645
15 years$4,589$3,928$3,349$2,847$2,412$1,386
16 years$4,258$3,604$3,037$2,549$2,132$1,171
17 years$3,966$3,319$2,763$2,290$1,890$992
18 years$3,706$3,067$2,523$2,064$1,681$842
19 years$3,474$2,842$2,309$1,865$1,498$715
20 years$3,266$2,641$2,119$1,689$1,338$609
21 years$3,078$2,460$1,949$1,533$1,197$519
22 years$2,907$2,297$1,797$1,394$1,073$443
23 years$2,751$2,148$1,659$1,269$963$378
24 years$2,609$2,012$1,534$1,158$866$323
25 years$2,478$1,889$1,421$1,057$779$277
26 years$2,357$1,775$1,318$967$702$237
27 years$2,245$1,670$1,224$885$633$203
28 years$2,142$1,574$1,138$811$571$173
29 years$2,046$1,485$1,059$743$516$149
30 years$1,956$1,402$986$682$466$127
31 years$1,873$1,326$919$627$421$109
32 years$1,794$1,254$858$576$381$94
33 years$1,721$1,188$801$530$345$80
34 years$1,652$1,126$748$487$312$69
35 years$1,587$1,068$700$449$283$59
36 years$1,526$1,014$654$413$256$51
37 years$1,469$963$613$381$232$43
38 years$1,414$915$574$351$211$37
39 years$1,363$870$537$323$191$32
40 years$1,314$828$504$298$173$27
41 years$1,268$788$472$275$157$24
42 years$1,223$750$443$254$143$20
43 years$1,182$715$416$235$129$17
44 years$1,142$681$390$217$117$15
45 years$1,104$650$366$200$107$13
46 years$1,068$620$344$185$97$11
47 years$1,033$592$323$171$88$9
48 years$1,000$565$304$158$80$8
49 years$968$539$286$146$72$7
50 years$938$515$269$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $961,000, adding $4,587 every year, while hoping to spend $46,521 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: 48/42/10 Blend
29$961,000$961,000$961,000$961,000
30$1,063,753$1,012,820$997,925$1,111,702
31$1,122,758$1,012,951$981,857$1,145,263
32$1,186,223$1,011,528$963,693$1,176,443
33$1,254,552$1,008,428$943,311$1,209,231
34$1,328,192$1,003,516$920,587$1,243,792
35$1,407,632$996,653$895,391$1,280,309
36$1,493,409$987,688$867,586$1,318,987
37$1,586,115$976,463$837,029$1,360,054
38$1,686,400$962,810$803,570$1,403,764
39$1,794,976$946,551$767,052$1,450,401
40$1,912,628$927,497$727,314$1,500,278
41$2,040,220$905,448$684,182$1,553,747
42$2,178,700$880,193$637,480$1,611,199
43$2,329,112$851,507$587,020$1,673,067
44$2,492,603$819,153$532,608$1,739,834
45$2,670,438$782,880$474,039$1,812,037
46$2,864,004$742,423$411,101$1,890,273
47$3,074,832$697,501$343,572$1,975,202
48$3,304,603$647,817$271,220$2,067,561
49$3,555,169$593,056$193,802$2,168,165
50$3,828,568$532,887$111,066$2,277,921
51$4,127,042$466,960$22,748$2,397,833
52$4,453,062$394,903$0$2,529,016
53$4,809,346$316,324$0$2,680,335
54$5,198,886$230,810$0$2,848,616
55$5,624,976$137,924$0$3,032,980
56$6,091,246$37,205$0$3,235,144
57$6,601,690$0$0$3,457,004
58$7,160,707$0$0$3,733,862
59$7,773,142$0$0$4,056,118
60$8,444,329$0$0$4,409,399
61$9,180,144$0$0$4,796,811
62$9,987,060$0$0$5,221,774
63$10,872,202$0$0$5,688,059
64$11,843,423$0$0$6,199,814
65$12,909,370$0$0$6,761,613
66$14,079,567$0$0$7,378,493
67$15,364,508$0$0$8,056,001
68$16,775,750$0$0$8,800,248
69$18,326,028$0$0$9,617,969
70$20,029,367$0$0$10,516,581
71$21,901,221$0$0$11,504,255
72$23,958,612$0$0$12,589,993
73$26,220,297$0$0$13,783,715
74$28,706,937$0$0$15,096,346
75$31,441,298$0$0$16,539,927
76$34,448,461$0$0$18,127,721
77$37,756,059$0$0$19,874,343
78$41,394,539$0$0$21,795,894
79$45,397,446$0$0$23,910,117
80$49,801,740$0$0$26,236,558
81$54,648,145$0$0$28,796,755
82$59,981,533$0$0$31,614,441
83$65,851,343$0$0$34,715,764
84$72,312,052$0$0$38,129,536
85$79,423,685$0$0$41,887,506
86$87,252,383$0$0$46,024,654
87$95,871,024$0$0$50,579,526
88$105,359,911$0$0$55,594,597
89$115,807,531$0$0$61,116,668
90$127,311,387$0$0$67,197,310
91$139,978,918$0$0$73,893,350
92$153,928,514$0$0$81,267,406
93$169,290,627$0$0$89,388,479
94$186,209,011$0$0$98,332,603
95$204,842,068$0$0$108,183,563
96$225,364,349$0$0$119,033,683
97$247,968,197$0$0$130,984,700
98$272,865,563$0$0$144,148,723
99$300,290,005$0$0$158,649,290
100$330,498,893$0$0$174,622,532