Can I retire at age 30 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$79,441$78,733$78,043$77,369$76,711$74,525
2 years$39,327$38,595$37,885$37,197$36,529$34,343
3 years$25,958$25,222$24,514$23,832$23,176$21,059
4 years$19,274$18,541$17,840$17,170$16,529$14,497
5 years$15,265$14,536$13,845$13,188$12,565$10,625
6 years$12,593$11,870$11,188$10,547$9,942$8,094
7 years$10,686$9,968$9,298$8,671$8,086$6,331
8 years$9,256$8,545$7,885$7,274$6,708$5,045
9 years$8,144$7,440$6,791$6,196$5,649$4,076
10 years$7,255$6,558$5,921$5,341$4,813$3,328
11 years$6,528$5,838$5,213$4,648$4,140$2,740
12 years$5,923$5,240$4,626$4,077$3,587$2,270
13 years$5,411$4,735$4,133$3,599$3,128$1,891
14 years$4,973$4,304$3,714$3,195$2,742$1,582
15 years$4,594$3,932$3,353$2,849$2,414$1,328
16 years$4,262$3,608$3,040$2,551$2,134$1,118
17 years$3,970$3,322$2,766$2,292$1,892$944
18 years$3,710$3,070$2,525$2,066$1,682$798
19 years$3,478$2,845$2,312$1,867$1,499$676
20 years$3,270$2,644$2,122$1,691$1,339$573
21 years$3,081$2,463$1,951$1,534$1,199$487
22 years$2,910$2,299$1,799$1,395$1,074$414
23 years$2,754$2,150$1,661$1,271$964$352
24 years$2,611$2,015$1,536$1,159$867$300
25 years$2,480$1,891$1,422$1,058$780$255
26 years$2,359$1,777$1,319$968$703$217
27 years$2,248$1,672$1,225$886$633$185
28 years$2,144$1,576$1,139$812$572$158
29 years$2,048$1,486$1,060$744$516$135
30 years$1,958$1,404$987$683$466$115
31 years$1,875$1,327$920$627$422$98
32 years$1,796$1,256$859$576$381$84
33 years$1,723$1,189$802$530$345$72
34 years$1,654$1,127$749$488$312$61
35 years$1,589$1,069$700$449$283$52
36 years$1,528$1,015$655$414$256$45
37 years$1,470$964$613$381$232$38
38 years$1,416$916$574$351$211$33
39 years$1,364$871$538$324$191$28
40 years$1,315$829$504$299$173$24
41 years$1,269$789$473$276$157$20
42 years$1,225$751$444$254$143$17
43 years$1,183$716$416$235$129$15
44 years$1,143$682$391$217$118$13
45 years$1,105$651$367$200$107$11
46 years$1,069$621$345$185$97$9
47 years$1,034$592$324$171$88$8
48 years$1,001$565$304$158$80$7
49 years$969$540$286$146$73$6
50 years$939$516$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $962,000, adding $6,872 every year, while hoping to spend $42,350 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: 84/8/8 Blend
29$962,000$962,000$962,000$962,000
30$1,067,212$1,016,226$1,001,315$1,155,314
31$1,131,008$1,020,961$989,799$1,218,625
32$1,199,891$1,024,509$976,478$1,281,717
33$1,274,337$1,026,767$961,247$1,349,694
34$1,354,865$1,027,624$943,995$1,423,023
35$1,442,050$1,026,966$924,607$1,502,214
36$1,536,521$1,024,669$902,963$1,587,829
37$1,638,970$1,020,602$878,936$1,680,490
38$1,750,159$1,014,626$852,395$1,780,877
39$1,870,926$1,006,593$823,201$1,889,744
40$2,002,192$996,348$791,210$2,007,917
41$2,144,971$983,725$756,271$2,136,310
42$2,300,378$968,547$718,226$2,275,926
43$2,469,640$950,629$676,910$2,427,873
44$2,654,108$929,774$632,150$2,593,370
45$2,855,266$905,773$583,767$2,773,760
46$3,074,752$878,404$531,572$2,970,524
47$3,314,365$847,434$475,368$3,185,291
48$3,576,087$812,616$414,950$3,419,860
49$3,862,101$773,686$350,103$3,676,210
50$4,174,807$730,368$280,603$3,956,524
51$4,516,850$682,370$206,216$4,263,204
52$4,891,142$629,379$126,698$4,598,901
53$5,300,890$571,070$41,794$4,966,534
54$5,749,624$507,096$0$5,369,322
55$6,241,232$437,090$0$5,814,975
56$6,779,997$360,666$0$6,307,314
57$7,370,633$277,415$0$6,847,097
58$8,018,335$186,906$0$7,439,097
59$8,728,823$88,683$0$8,088,570
60$9,508,399$0$0$8,801,310
61$10,364,002$0$0$9,585,258
62$11,303,278$0$0$10,454,460
63$12,334,648$0$0$11,408,902
64$13,467,388$0$0$12,457,173
65$14,711,718$0$0$13,608,730
66$16,078,895$0$0$14,873,996
67$17,581,321$0$0$16,264,450
68$19,232,660$0$0$17,792,739
69$21,047,964$0$0$19,472,797
70$23,043,816$0$0$21,319,975
71$25,238,488$0$0$23,351,185
72$27,652,108$0$0$25,585,060
73$30,306,856$0$0$28,042,130
74$33,227,166$0$0$30,745,015
75$36,439,961$0$0$33,718,635
76$39,974,906$0$0$36,990,450
77$43,864,684$0$0$40,590,714
78$48,145,309$0$0$44,552,763
79$52,856,459$0$0$48,913,328
80$58,041,857$0$0$53,712,880
81$63,749,679$0$0$58,996,013
82$70,033,005$0$0$64,811,866
83$76,950,328$0$0$71,214,580
84$84,566,098$0$0$78,263,817
85$92,951,331$0$0$86,025,314
86$102,184,283$0$0$94,571,509
87$112,351,180$0$0$103,982,222
88$123,547,041$0$0$114,345,407
89$135,876,564$0$0$125,757,982
90$149,455,122$0$0$138,326,745
91$164,409,846$0$0$152,169,376
92$180,880,827$0$0$167,415,555
93$199,022,435$0$0$184,208,179
94$219,004,777$0$0$202,704,712
95$241,015,303$0$0$223,078,672
96$265,260,572$0$0$245,521,264
97$291,968,202$0$0$270,243,191
98$321,389,018$0$0$297,476,635
99$353,799,419$0$0$327,477,453
100$389,503,986$0$0$360,527,587