Can I retire at age 30 with 961,000?

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 $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%13.1%
1 years$79,358$78,652$77,962$77,289$76,631$75,643
2 years$39,286$38,555$37,846$37,158$36,491$35,496
3 years$25,931$25,196$24,489$23,808$23,152$22,182
4 years$19,254$18,522$17,821$17,152$16,512$15,574
5 years$15,249$14,521$13,830$13,174$12,552$11,650
6 years$12,580$11,858$11,177$10,536$9,932$9,066
7 years$10,675$9,958$9,288$8,662$8,077$7,248
8 years$9,246$8,536$7,877$7,266$6,701$5,908
9 years$8,135$7,432$6,784$6,189$5,643$4,886
10 years$7,248$6,551$5,915$5,335$4,808$4,087
11 years$6,522$5,832$5,207$4,643$4,135$3,449
12 years$5,917$5,234$4,621$4,073$3,584$2,931
13 years$5,406$4,730$4,129$3,596$3,125$2,506
14 years$4,968$4,300$3,710$3,192$2,739$2,152
15 years$4,589$3,928$3,349$2,847$2,412$1,856
16 years$4,258$3,604$3,037$2,549$2,132$1,607
17 years$3,966$3,319$2,763$2,290$1,890$1,394
18 years$3,706$3,067$2,523$2,064$1,681$1,213
19 years$3,474$2,842$2,309$1,865$1,498$1,058
20 years$3,266$2,641$2,119$1,689$1,338$924
21 years$3,078$2,460$1,949$1,533$1,197$808
22 years$2,907$2,297$1,797$1,394$1,073$708
23 years$2,751$2,148$1,659$1,269$963$621
24 years$2,609$2,012$1,534$1,158$866$545
25 years$2,478$1,889$1,421$1,057$779$479
26 years$2,357$1,775$1,318$967$702$421
27 years$2,245$1,670$1,224$885$633$370
28 years$2,142$1,574$1,138$811$571$326
29 years$2,046$1,485$1,059$743$516$287
30 years$1,956$1,402$986$682$466$253
31 years$1,873$1,326$919$627$421$223
32 years$1,794$1,254$858$576$381$197
33 years$1,721$1,188$801$530$345$174
34 years$1,652$1,126$748$487$312$153
35 years$1,587$1,068$700$449$283$135
36 years$1,526$1,014$654$413$256$119
37 years$1,469$963$613$381$232$105
38 years$1,414$915$574$351$211$93
39 years$1,363$870$537$323$191$82
40 years$1,314$828$504$298$173$73
41 years$1,268$788$472$275$157$64
42 years$1,223$750$443$254$143$57
43 years$1,182$715$416$235$129$50
44 years$1,142$681$390$217$117$44
45 years$1,104$650$366$200$107$39
46 years$1,068$620$344$185$97$35
47 years$1,033$592$323$171$88$31
48 years$1,000$565$304$158$80$27
49 years$968$539$286$146$72$24
50 years$938$515$269$135$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $961,000, adding $2,059 every year, while hoping to spend $45,389 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: 48/40/12 Blend
29$961,000$961,000$961,000$961,000
30$1,061,146$1,010,213$995,317$1,108,474
31$1,121,089$1,011,420$980,367$1,142,493
32$1,185,625$1,011,165$963,394$1,174,529
33$1,255,175$1,009,328$944,284$1,208,291
34$1,330,201$1,005,782$922,915$1,243,956
35$1,411,209$1,000,393$899,161$1,281,720
36$1,498,758$993,018$872,888$1,321,802
37$1,593,461$983,505$843,959$1,364,446
38$1,695,991$971,694$812,229$1,409,922
39$1,807,088$957,414$777,545$1,458,532
40$1,927,569$940,484$739,750$1,510,611
41$2,058,327$920,714$698,678$1,566,534
42$2,200,348$897,901$654,155$1,626,714
43$2,354,715$871,830$606,002$1,691,612
44$2,522,621$842,275$554,027$1,761,740
45$2,705,376$808,994$498,036$1,837,667
46$2,904,425$771,735$437,820$1,920,024
47$3,121,353$730,227$373,164$2,009,511
48$3,357,910$684,187$303,844$2,106,906
49$3,616,018$633,314$229,624$2,213,071
50$3,897,795$577,289$150,259$2,328,962
51$4,205,571$515,776$65,493$2,455,639
52$4,541,911$448,421$0$2,594,276
53$4,909,640$374,848$0$2,749,374
54$5,311,867$294,660$0$2,928,335
55$5,752,018$207,438$0$3,124,399
56$6,233,861$112,740$0$3,339,375
57$6,761,549$10,099$0$3,575,263
58$7,339,654$0$0$3,834,273
59$7,973,212$0$0$4,163,299
60$8,667,767$0$0$4,528,984
61$9,429,427$0$0$4,930,110
62$10,264,919$0$0$5,370,235
63$11,181,653$0$0$5,853,276
64$12,187,789$0$0$6,383,549
65$13,292,318$0$0$6,965,807
66$14,505,143$0$0$7,605,285
67$15,837,171$0$0$8,307,753
68$17,300,420$0$0$9,079,565
69$18,908,128$0$0$9,927,720
70$20,674,878$0$0$10,859,932
71$22,616,738$0$0$11,884,697
72$24,751,408$0$0$13,011,374
73$27,098,388$0$0$14,250,277
74$29,679,165$0$0$15,612,769
75$32,517,408$0$0$17,111,366
76$35,639,197$0$0$18,759,863
77$39,073,266$0$0$20,573,455
78$42,851,275$0$0$22,568,887
79$47,008,106$0$0$24,764,606
80$51,582,193$0$0$27,180,939
81$56,615,883$0$0$29,840,285
82$62,155,837$0$0$32,767,320
83$68,253,468$0$0$35,989,238
84$74,965,426$0$0$39,536,001
85$82,354,133$0$0$43,440,623
86$90,488,367$0$0$47,739,484
87$99,443,919$0$0$52,472,667
88$109,304,297$0$0$57,684,343
89$120,161,522$0$0$63,423,183
90$132,116,992$0$0$69,742,819
91$145,282,439$0$0$76,702,347
92$159,780,981$0$0$84,366,889
93$175,748,285$0$0$92,808,202
94$193,333,849$0$0$102,105,360
95$212,702,406$0$0$112,345,496
96$234,035,483$0$0$123,624,625
97$257,533,114$0$0$136,048,552
98$283,415,722$0$0$149,733,868
99$311,926,205$0$0$164,809,049
100$343,332,222$0$0$181,415,671