Can I retire at age 30 with 962,000?

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 $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%14.3%
1 years$79,441$78,733$78,043$77,369$76,711$75,347
2 years$39,327$38,595$37,885$37,197$36,529$35,160
3 years$25,958$25,222$24,514$23,832$23,176$21,843
4 years$19,274$18,541$17,840$17,170$16,529$15,244
5 years$15,265$14,536$13,845$13,188$12,565$11,331
6 years$12,593$11,870$11,188$10,547$9,942$8,761
7 years$10,686$9,968$9,298$8,671$8,086$6,957
8 years$9,256$8,545$7,885$7,274$6,708$5,632
9 years$8,144$7,440$6,791$6,196$5,649$4,625
10 years$7,255$6,558$5,921$5,341$4,813$3,840
11 years$6,528$5,838$5,213$4,648$4,140$3,216
12 years$5,923$5,240$4,626$4,077$3,587$2,712
13 years$5,411$4,735$4,133$3,599$3,128$2,301
14 years$4,973$4,304$3,714$3,195$2,742$1,960
15 years$4,594$3,932$3,353$2,849$2,414$1,677
16 years$4,262$3,608$3,040$2,551$2,134$1,439
17 years$3,970$3,322$2,766$2,292$1,892$1,238
18 years$3,710$3,070$2,525$2,066$1,682$1,068
19 years$3,478$2,845$2,312$1,867$1,499$923
20 years$3,270$2,644$2,122$1,691$1,339$799
21 years$3,081$2,463$1,951$1,534$1,199$693
22 years$2,910$2,299$1,799$1,395$1,074$601
23 years$2,754$2,150$1,661$1,271$964$522
24 years$2,611$2,015$1,536$1,159$867$454
25 years$2,480$1,891$1,422$1,058$780$395
26 years$2,359$1,777$1,319$968$703$344
27 years$2,248$1,672$1,225$886$633$300
28 years$2,144$1,576$1,139$812$572$262
29 years$2,048$1,486$1,060$744$516$228
30 years$1,958$1,404$987$683$466$199
31 years$1,875$1,327$920$627$422$174
32 years$1,796$1,256$859$576$381$152
33 years$1,723$1,189$802$530$345$132
34 years$1,654$1,127$749$488$312$116
35 years$1,589$1,069$700$449$283$101
36 years$1,528$1,015$655$414$256$88
37 years$1,470$964$613$381$232$77
38 years$1,416$916$574$351$211$68
39 years$1,364$871$538$324$191$59
40 years$1,315$829$504$299$173$52
41 years$1,269$789$473$276$157$45
42 years$1,225$751$444$254$143$39
43 years$1,183$716$416$235$129$34
44 years$1,143$682$391$217$118$30
45 years$1,105$651$367$200$107$26
46 years$1,069$621$345$185$97$23
47 years$1,034$592$324$171$88$20
48 years$1,001$565$304$158$80$18
49 years$969$540$286$146$73$15
50 years$939$516$269$135$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $962,000, adding $5,165 every year, while hoping to spend $49,623 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: 63/20/17 Blend
29$962,000$962,000$962,000$962,000
30$1,065,452$1,014,466$999,555$1,127,727
31$1,121,329$1,011,376$980,241$1,167,115
32$1,181,243$1,006,472$958,618$1,204,016
33$1,245,553$999,612$934,554$1,243,133
34$1,314,652$990,646$907,915$1,284,686
35$1,388,975$979,416$878,558$1,328,917
36$1,468,995$965,752$846,335$1,376,094
37$1,555,236$949,477$811,090$1,426,515
38$1,648,270$930,401$772,661$1,480,511
39$1,748,726$908,324$730,879$1,538,446
40$1,857,298$883,033$685,565$1,600,725
41$1,974,746$854,305$636,534$1,667,798
42$2,101,905$821,901$583,593$1,740,161
43$2,239,695$785,570$526,540$1,818,363
44$2,389,127$745,046$465,162$1,903,015
45$2,551,312$700,047$399,238$1,994,788
46$2,727,472$650,276$328,539$2,094,430
47$2,918,952$595,417$252,823$2,202,766
48$3,127,231$535,139$171,839$2,320,710
49$3,353,938$469,089$85,324$2,449,270
50$3,600,861$396,896$0$2,589,565
51$3,869,973$318,168$0$2,744,100
52$4,163,441$232,490$0$2,929,571
53$4,483,654$139,423$0$3,132,051
54$4,833,237$38,506$0$3,353,264
55$5,215,084$0$0$3,595,118
56$5,632,378$0$0$3,875,284
57$6,088,625$0$0$4,190,934
58$6,587,685$0$0$4,536,272
59$7,133,806$0$0$4,914,247
60$7,731,667$0$0$5,328,106
61$8,386,423$0$0$5,781,427
62$9,103,746$0$0$6,278,147
63$9,889,887$0$0$6,822,603
64$10,751,726$0$0$7,419,572
65$11,696,846$0$0$8,074,315
66$12,733,593$0$0$8,792,628
67$13,871,164$0$0$9,580,892
68$15,119,688$0$0$10,446,140
69$16,490,322$0$0$11,396,114
70$17,995,356$0$0$12,439,347
71$19,648,329$0$0$13,585,235
72$21,464,154$0$0$14,844,132
73$23,459,262$0$0$16,227,442
74$25,651,753$0$0$17,747,730
75$28,061,566$0$0$19,418,837
76$30,710,670$0$0$21,256,014
77$33,623,269$0$0$23,276,061
78$36,826,025$0$0$25,497,489
79$40,348,318$0$0$27,940,692
80$44,222,515$0$0$30,628,139
81$48,484,278$0$0$33,584,586
82$53,172,900$0$0$36,837,311
83$58,331,672$0$0$40,416,368
84$64,008,297$0$0$44,354,870
85$70,255,330$0$0$48,689,304
86$77,130,685$0$0$53,459,874
87$84,698,168$0$0$58,710,875
88$93,028,090$0$0$64,491,119
89$102,197,922$0$0$70,854,388
90$112,293,026$0$0$77,859,942
91$123,407,465$0$0$85,573,083
92$135,644,884$0$0$94,065,765
93$149,119,490$0$0$103,417,273
94$163,957,130$0$0$113,714,974
95$180,296,473$0$0$125,055,138
96$198,290,324$0$0$137,543,848
97$218,107,062$0$0$151,297,999
98$239,932,227$0$0$166,446,401
99$263,970,274$0$0$183,130,993
100$290,446,498$0$0$201,508,187