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%11.6%
1 years$79,441$78,733$78,043$77,369$76,711$76,196
2 years$39,327$38,595$37,885$37,197$36,529$36,009
3 years$25,958$25,222$24,514$23,832$23,176$22,668
4 years$19,274$18,541$17,840$17,170$16,529$16,037
5 years$15,265$14,536$13,845$13,188$12,565$12,090
6 years$12,593$11,870$11,188$10,547$9,942$9,485
7 years$10,686$9,968$9,298$8,671$8,086$7,646
8 years$9,256$8,545$7,885$7,274$6,708$6,286
9 years$8,144$7,440$6,791$6,196$5,649$5,245
10 years$7,255$6,558$5,921$5,341$4,813$4,427
11 years$6,528$5,838$5,213$4,648$4,140$3,770
12 years$5,923$5,240$4,626$4,077$3,587$3,235
13 years$5,411$4,735$4,133$3,599$3,128$2,792
14 years$4,973$4,304$3,714$3,195$2,742$2,423
15 years$4,594$3,932$3,353$2,849$2,414$2,111
16 years$4,262$3,608$3,040$2,551$2,134$1,846
17 years$3,970$3,322$2,766$2,292$1,892$1,619
18 years$3,710$3,070$2,525$2,066$1,682$1,423
19 years$3,478$2,845$2,312$1,867$1,499$1,254
20 years$3,270$2,644$2,122$1,691$1,339$1,108
21 years$3,081$2,463$1,951$1,534$1,199$980
22 years$2,910$2,299$1,799$1,395$1,074$868
23 years$2,754$2,150$1,661$1,271$964$770
24 years$2,611$2,015$1,536$1,159$867$684
25 years$2,480$1,891$1,422$1,058$780$608
26 years$2,359$1,777$1,319$968$703$541
27 years$2,248$1,672$1,225$886$633$481
28 years$2,144$1,576$1,139$812$572$429
29 years$2,048$1,486$1,060$744$516$382
30 years$1,958$1,404$987$683$466$341
31 years$1,875$1,327$920$627$422$304
32 years$1,796$1,256$859$576$381$272
33 years$1,723$1,189$802$530$345$243
34 years$1,654$1,127$749$488$312$217
35 years$1,589$1,069$700$449$283$194
36 years$1,528$1,015$655$414$256$173
37 years$1,470$964$613$381$232$155
38 years$1,416$916$574$351$211$139
39 years$1,364$871$538$324$191$124
40 years$1,315$829$504$299$173$111
41 years$1,269$789$473$276$157$99
42 years$1,225$751$444$254$143$89
43 years$1,183$716$416$235$129$80
44 years$1,143$682$391$217$118$71
45 years$1,105$651$367$200$107$64
46 years$1,069$621$345$185$97$57
47 years$1,034$592$324$171$88$51
48 years$1,001$565$304$158$80$46
49 years$969$540$286$146$73$41
50 years$939$516$269$135$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $962,000, adding $4,885 every year, while hoping to spend $37,763 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: 52/34/14 Blend
29$962,000$962,000$962,000$962,000
30$1,065,163$1,014,177$999,266$1,116,306
31$1,133,630$1,023,692$992,562$1,161,328
32$1,207,815$1,032,408$984,367$1,205,856
33$1,288,261$1,040,245$974,593$1,253,433
34$1,375,567$1,047,120$963,144$1,304,358
35$1,470,388$1,052,942$949,923$1,358,962
36$1,573,448$1,057,617$934,827$1,417,609
37$1,685,543$1,061,043$917,746$1,480,704
38$1,807,547$1,063,112$898,569$1,548,694
39$1,940,422$1,063,711$877,177$1,622,072
40$2,085,229$1,062,716$853,446$1,701,384
41$2,243,133$1,060,000$827,247$1,787,234
42$2,415,417$1,055,424$798,444$1,880,289
43$2,603,494$1,048,844$766,896$1,981,286
44$2,808,918$1,040,106$732,455$2,091,039
45$3,033,402$1,029,045$694,967$2,210,449
46$3,278,829$1,015,488$654,268$2,340,510
47$3,547,274$999,252$610,191$2,482,321
48$3,841,022$980,141$562,558$2,637,097
49$4,162,588$957,950$511,185$2,806,179
50$4,514,742$932,459$455,880$2,991,048
51$4,900,533$903,438$396,440$3,193,340
52$5,323,322$870,641$332,655$3,414,864
53$5,786,809$833,809$264,306$3,657,615
54$6,295,066$792,669$191,164$3,923,797
55$6,852,583$746,930$112,988$4,215,844
56$7,464,303$696,286$29,529$4,536,444
57$8,135,669$640,412$0$4,888,562
58$8,872,680$578,965$0$5,284,369
59$9,681,943$511,583$0$5,723,870
60$10,570,734$437,883$0$6,206,685
61$11,547,070$357,461$0$6,737,263
62$12,619,784$269,889$0$7,320,512
63$13,798,604$174,716$0$7,961,846
64$15,094,249$71,465$0$8,667,237
65$16,518,528$0$0$9,443,272
66$18,084,451$0$0$10,312,319
67$19,806,350$0$0$11,297,436
68$21,700,017$0$0$12,380,933
69$23,782,851$0$0$13,572,778
70$26,074,022$0$0$14,883,954
71$28,594,649$0$0$16,326,563
72$31,368,004$0$0$17,913,938
73$34,419,727$0$0$19,660,770
74$37,778,070$0$0$21,583,247
75$41,474,161$0$0$23,699,205
76$45,542,300$0$0$26,028,296
77$50,020,278$0$0$28,592,175
78$54,949,740$0$0$31,414,702
79$60,376,569$0$0$34,522,171
80$66,351,326$0$0$37,943,552
81$72,929,724$0$0$41,710,766
82$80,173,150$0$0$45,858,992
83$88,149,251$0$0$50,426,989
84$96,932,566$0$0$55,457,468
85$106,605,229$0$0$60,997,495
86$117,257,748$0$0$67,098,930
87$128,989,856$0$0$73,818,922
88$141,911,451$0$0$81,220,444
89$156,143,635$0$0$89,372,889
90$171,819,854$0$0$98,352,725
91$189,087,158$0$0$108,244,213
92$208,107,591$0$0$119,140,207
93$229,059,714$0$0$131,143,028
94$252,140,296$0$0$144,365,428
95$277,566,167$0$0$158,931,656
96$305,576,265$0$0$174,978,630
97$336,433,891$0$0$192,657,227
98$370,429,193$0$0$212,133,710
99$407,881,906$0$0$233,591,296
100$449,144,367$0$0$257,231,884