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%13.4%
1 years$79,358$78,652$77,962$77,289$76,631$75,549
2 years$39,286$38,555$37,846$37,158$36,491$35,402
3 years$25,931$25,196$24,489$23,808$23,152$22,091
4 years$19,254$18,522$17,821$17,152$16,512$15,487
5 years$15,249$14,521$13,830$13,174$12,552$11,566
6 years$12,580$11,858$11,177$10,536$9,932$8,986
7 years$10,675$9,958$9,288$8,662$8,077$7,172
8 years$9,246$8,536$7,877$7,266$6,701$5,836
9 years$8,135$7,432$6,784$6,189$5,643$4,818
10 years$7,248$6,551$5,915$5,335$4,808$4,023
11 years$6,522$5,832$5,207$4,643$4,135$3,388
12 years$5,917$5,234$4,621$4,073$3,584$2,874
13 years$5,406$4,730$4,129$3,596$3,125$2,452
14 years$4,968$4,300$3,710$3,192$2,739$2,102
15 years$4,589$3,928$3,349$2,847$2,412$1,809
16 years$4,258$3,604$3,037$2,549$2,132$1,563
17 years$3,966$3,319$2,763$2,290$1,890$1,353
18 years$3,706$3,067$2,523$2,064$1,681$1,175
19 years$3,474$2,842$2,309$1,865$1,498$1,022
20 years$3,266$2,641$2,119$1,689$1,338$891
21 years$3,078$2,460$1,949$1,533$1,197$777
22 years$2,907$2,297$1,797$1,394$1,073$679
23 years$2,751$2,148$1,659$1,269$963$594
24 years$2,609$2,012$1,534$1,158$866$520
25 years$2,478$1,889$1,421$1,057$779$456
26 years$2,357$1,775$1,318$967$702$400
27 years$2,245$1,670$1,224$885$633$351
28 years$2,142$1,574$1,138$811$571$308
29 years$2,046$1,485$1,059$743$516$271
30 years$1,956$1,402$986$682$466$238
31 years$1,873$1,326$919$627$421$210
32 years$1,794$1,254$858$576$381$184
33 years$1,721$1,188$801$530$345$162
34 years$1,652$1,126$748$487$312$143
35 years$1,587$1,068$700$449$283$126
36 years$1,526$1,014$654$413$256$111
37 years$1,469$963$613$381$232$97
38 years$1,414$915$574$351$211$86
39 years$1,363$870$537$323$191$76
40 years$1,314$828$504$298$173$67
41 years$1,268$788$472$275$157$59
42 years$1,223$750$443$254$143$52
43 years$1,182$715$416$235$129$46
44 years$1,142$681$390$217$117$40
45 years$1,104$650$366$200$107$35
46 years$1,068$620$344$185$97$31
47 years$1,033$592$323$171$88$28
48 years$1,000$565$304$158$80$24
49 years$968$539$286$146$72$21
50 years$938$515$269$135$66$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $961,000, adding $3,963 every year, while hoping to spend $35,391 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: 82/7/11 Blend
29$961,000$961,000$961,000$961,000
30$1,063,110$1,012,177$997,281$1,147,998
31$1,133,891$1,024,118$993,035$1,216,141
32$1,210,706$1,035,458$987,459$1,285,861
33$1,294,133$1,046,130$980,474$1,361,349
34$1,384,807$1,056,062$971,992$1,443,165
35$1,483,428$1,065,180$961,925$1,531,926
36$1,590,766$1,073,402$950,177$1,628,311
37$1,707,666$1,080,641$936,651$1,733,067
38$1,835,062$1,086,807$921,242$1,847,017
39$1,973,979$1,091,801$903,844$1,971,071
40$2,125,545$1,095,519$884,343$2,106,226
41$2,291,002$1,097,851$862,621$2,253,584
42$2,471,719$1,098,681$838,553$2,414,358
43$2,669,201$1,097,882$812,010$2,589,886
44$2,885,104$1,095,323$782,858$2,781,639
45$3,121,255$1,090,864$750,954$2,991,241
46$3,379,662$1,084,355$716,150$3,220,479
47$3,662,537$1,075,639$678,291$3,471,324
48$3,972,318$1,064,547$637,215$3,745,947
49$4,311,687$1,050,902$592,754$4,046,740
50$4,683,598$1,034,515$544,731$4,376,339
51$5,091,306$1,015,188$492,960$4,737,650
52$5,538,394$992,707$437,250$5,133,873
53$6,028,811$966,850$377,398$5,568,536
54$6,566,903$937,380$313,194$6,045,528
55$7,157,460$904,044$244,419$6,569,132
56$7,805,757$866,578$170,843$7,144,070
57$8,517,605$824,701$92,227$7,775,545
58$9,299,404$778,115$8,320$8,469,292
59$10,158,207$726,506$0$9,231,629
60$11,101,781$669,542$0$10,079,055
61$12,138,683$606,870$0$11,011,373
62$13,278,342$538,120$0$12,036,097
63$14,531,144$462,899$0$13,162,584
64$15,908,532$380,792$0$14,401,144
65$17,423,112$291,361$0$15,763,137
66$19,088,775$194,143$0$17,261,080
67$20,920,823$88,649$0$18,908,765
68$22,936,117$0$0$20,721,390
69$25,153,235$0$0$22,717,678
70$27,592,644$0$0$24,921,654
71$30,276,897$0$0$27,346,869
72$33,230,842$0$0$30,015,777
73$36,481,859$0$0$32,953,119
74$40,060,117$0$0$36,186,155
75$43,998,856$0$0$39,744,923
76$48,334,703$0$0$43,662,521
77$53,108,017$0$0$47,975,417
78$58,363,270$0$0$52,723,797
79$64,149,462$0$0$57,951,942
80$70,520,591$0$0$63,708,641
81$77,536,152$0$0$70,047,661
82$85,261,709$0$0$77,028,244
83$93,769,503$0$0$84,715,672
84$103,139,143$0$0$93,181,879
85$113,458,347$0$0$102,506,134
86$124,823,780$0$0$112,775,783
87$137,341,956$0$0$124,087,078
88$151,130,249$0$0$136,546,083
89$166,318,000$0$0$150,269,673
90$183,047,735$0$0$165,386,639
91$201,476,509$0$0$182,038,905
92$221,777,392$0$0$200,382,860
93$244,141,100$0$0$220,590,842
94$268,777,791$0$0$242,852,760
95$295,919,055$0$0$267,377,886
96$325,820,095$0$0$294,396,830
97$358,762,136$0$0$324,163,717
98$395,055,080$0$0$356,958,587
99$435,040,428$0$0$393,090,035
100$479,094,509$0$0$432,898,123