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%13.3%
1 years$79,358$78,652$77,962$77,289$76,631$75,580
2 years$39,286$38,555$37,846$37,158$36,491$35,434
3 years$25,931$25,196$24,489$23,808$23,152$22,121
4 years$19,254$18,522$17,821$17,152$16,512$15,516
5 years$15,249$14,521$13,830$13,174$12,552$11,594
6 years$12,580$11,858$11,177$10,536$9,932$9,013
7 years$10,675$9,958$9,288$8,662$8,077$7,197
8 years$9,246$8,536$7,877$7,266$6,701$5,860
9 years$8,135$7,432$6,784$6,189$5,643$4,841
10 years$7,248$6,551$5,915$5,335$4,808$4,044
11 years$6,522$5,832$5,207$4,643$4,135$3,408
12 years$5,917$5,234$4,621$4,073$3,584$2,893
13 years$5,406$4,730$4,129$3,596$3,125$2,470
14 years$4,968$4,300$3,710$3,192$2,739$2,119
15 years$4,589$3,928$3,349$2,847$2,412$1,825
16 years$4,258$3,604$3,037$2,549$2,132$1,577
17 years$3,966$3,319$2,763$2,290$1,890$1,367
18 years$3,706$3,067$2,523$2,064$1,681$1,187
19 years$3,474$2,842$2,309$1,865$1,498$1,034
20 years$3,266$2,641$2,119$1,689$1,338$901
21 years$3,078$2,460$1,949$1,533$1,197$787
22 years$2,907$2,297$1,797$1,394$1,073$689
23 years$2,751$2,148$1,659$1,269$963$603
24 years$2,609$2,012$1,534$1,158$866$528
25 years$2,478$1,889$1,421$1,057$779$464
26 years$2,357$1,775$1,318$967$702$407
27 years$2,245$1,670$1,224$885$633$357
28 years$2,142$1,574$1,138$811$571$314
29 years$2,046$1,485$1,059$743$516$276
30 years$1,956$1,402$986$682$466$243
31 years$1,873$1,326$919$627$421$214
32 years$1,794$1,254$858$576$381$188
33 years$1,721$1,188$801$530$345$166
34 years$1,652$1,126$748$487$312$146
35 years$1,587$1,068$700$449$283$129
36 years$1,526$1,014$654$413$256$113
37 years$1,469$963$613$381$232$100
38 years$1,414$915$574$351$211$88
39 years$1,363$870$537$323$191$78
40 years$1,314$828$504$298$173$69
41 years$1,268$788$472$275$157$60
42 years$1,223$750$443$254$143$53
43 years$1,182$715$416$235$129$47
44 years$1,142$681$390$217$117$41
45 years$1,104$650$366$200$107$37
46 years$1,068$620$344$185$97$32
47 years$1,033$592$323$171$88$28
48 years$1,000$565$304$158$80$25
49 years$968$539$286$146$72$22
50 years$938$515$269$135$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $961,000, adding $3,202 every year, while hoping to spend $45,766 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: 65/18/17 Blend
29$961,000$961,000$961,000$961,000
30$1,062,325$1,011,392$996,496$1,126,727
31$1,121,987$1,012,255$981,184$1,171,138
32$1,186,201$1,011,627$963,825$1,214,090
33$1,255,383$1,009,386$944,303$1,259,920
34$1,329,990$1,005,403$922,494$1,308,908
35$1,410,522$999,542$898,272$1,361,367
36$1,497,533$991,657$871,501$1,417,641
37$1,591,627$981,594$842,042$1,478,110
38$1,693,472$969,191$809,749$1,543,195
39$1,803,799$954,274$774,469$1,613,361
40$1,923,413$936,660$736,040$1,689,122
41$2,053,200$916,156$694,297$1,771,046
42$2,194,134$892,555$649,063$1,859,763
43$2,347,286$865,640$600,157$1,955,965
44$2,513,834$835,181$547,386$2,060,420
45$2,695,074$800,934$490,553$2,173,976
46$2,892,432$762,640$429,447$2,297,569
47$3,107,479$720,028$363,852$2,432,234
48$3,341,941$672,809$293,541$2,579,113
49$3,597,719$620,677$218,275$2,739,469
50$3,876,906$563,310$137,807$2,914,698
51$4,181,805$500,367$51,878$3,106,338
52$4,514,952$431,487$0$3,316,092
53$4,879,137$356,291$0$3,553,060
54$5,277,435$274,375$0$3,822,606
55$5,713,229$185,314$0$4,117,651
56$6,190,245$88,661$0$4,440,782
57$6,712,586$0$0$4,794,845
58$7,284,770$0$0$5,186,165
59$7,911,774$0$0$5,634,282
60$8,599,076$0$0$6,125,560
61$9,352,712$0$0$6,664,320
62$10,179,331$0$0$7,255,323
63$11,086,252$0$0$7,903,813
64$12,081,542$0$0$8,615,565
65$13,174,082$0$0$9,396,940
66$14,373,659$0$0$10,254,948
67$15,691,050$0$0$11,197,307
68$17,138,131$0$0$12,232,522
69$18,727,982$0$0$13,369,961
70$20,475,013$0$0$14,619,945
71$22,395,100$0$0$15,993,845
72$24,505,732$0$0$17,504,186
73$26,826,178$0$0$19,164,770
74$29,377,667$0$0$20,990,800
75$32,183,587$0$0$22,999,029
76$35,269,706$0$0$25,207,913
77$38,664,417$0$0$27,637,788
78$42,399,000$0$0$30,311,058
79$46,507,922$0$0$33,252,409
80$51,029,156$0$0$36,489,040
81$56,004,545$0$0$40,050,923
82$61,480,192$0$0$43,971,077
83$67,506,895$0$0$48,285,888
84$74,140,628$0$0$53,035,447
85$81,443,063$0$0$58,263,930
86$89,482,161$0$0$64,020,013
87$98,332,801$0$0$70,357,331
88$108,077,495$0$0$77,334,984
89$118,807,163$0$0$85,018,096
90$130,621,988$0$0$93,478,426
91$143,632,366$0$0$102,795,047
92$157,959,940$0$0$113,055,090
93$173,738,754$0$0$124,354,569
94$191,116,515$0$0$136,799,283
95$210,255,984$0$0$150,505,814
96$231,336,516$0$0$165,602,631
97$254,555,745$0$0$182,231,298
98$280,131,458$0$0$200,547,811
99$308,303,640$0$0$220,724,070
100$339,336,747$0$0$242,949,498