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%13.5%
1 years$79,441$78,733$78,043$77,369$76,711$75,596
2 years$39,327$38,595$37,885$37,197$36,529$35,408
3 years$25,958$25,222$24,514$23,832$23,176$22,083
4 years$19,274$18,541$17,840$17,170$16,529$15,474
5 years$15,265$14,536$13,845$13,188$12,565$11,550
6 years$12,593$11,870$11,188$10,547$9,942$8,969
7 years$10,686$9,968$9,298$8,671$8,086$7,154
8 years$9,256$8,545$7,885$7,274$6,708$5,818
9 years$8,144$7,440$6,791$6,196$5,649$4,801
10 years$7,255$6,558$5,921$5,341$4,813$4,006
11 years$6,528$5,838$5,213$4,648$4,140$3,372
12 years$5,923$5,240$4,626$4,077$3,587$2,858
13 years$5,411$4,735$4,133$3,599$3,128$2,437
14 years$4,973$4,304$3,714$3,195$2,742$2,088
15 years$4,594$3,932$3,353$2,849$2,414$1,796
16 years$4,262$3,608$3,040$2,551$2,134$1,550
17 years$3,970$3,322$2,766$2,292$1,892$1,341
18 years$3,710$3,070$2,525$2,066$1,682$1,164
19 years$3,478$2,845$2,312$1,867$1,499$1,011
20 years$3,270$2,644$2,122$1,691$1,339$881
21 years$3,081$2,463$1,951$1,534$1,199$768
22 years$2,910$2,299$1,799$1,395$1,074$671
23 years$2,754$2,150$1,661$1,271$964$586
24 years$2,611$2,015$1,536$1,159$867$513
25 years$2,480$1,891$1,422$1,058$780$449
26 years$2,359$1,777$1,319$968$703$394
27 years$2,248$1,672$1,225$886$633$345
28 years$2,144$1,576$1,139$812$572$303
29 years$2,048$1,486$1,060$744$516$266
30 years$1,958$1,404$987$683$466$234
31 years$1,875$1,327$920$627$422$205
32 years$1,796$1,256$859$576$381$181
33 years$1,723$1,189$802$530$345$159
34 years$1,654$1,127$749$488$312$140
35 years$1,589$1,069$700$449$283$123
36 years$1,528$1,015$655$414$256$108
37 years$1,470$964$613$381$232$95
38 years$1,416$916$574$351$211$84
39 years$1,364$871$538$324$191$74
40 years$1,315$829$504$299$173$65
41 years$1,269$789$473$276$157$57
42 years$1,225$751$444$254$143$50
43 years$1,183$716$416$235$129$44
44 years$1,143$682$391$217$118$39
45 years$1,105$651$367$200$107$34
46 years$1,069$621$345$185$97$30
47 years$1,034$592$324$171$88$27
48 years$1,001$565$304$158$80$23
49 years$969$540$286$146$73$21
50 years$939$516$269$135$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $962,000, adding $3,478 every year, while hoping to spend $51,685 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: 72/12/16 Blend
29$962,000$962,000$962,000$962,000
30$1,063,712$1,012,726$997,815$1,136,168
31$1,117,218$1,007,357$976,249$1,179,341
32$1,174,449$999,992$952,229$1,219,998
33$1,235,731$990,481$925,617$1,263,175
34$1,301,421$978,659$896,270$1,309,112
35$1,371,911$964,358$864,039$1,358,072
36$1,447,629$947,395$828,768$1,410,347
37$1,529,047$927,577$790,292$1,466,262
38$1,616,684$904,702$748,440$1,526,173
39$1,711,107$878,554$703,035$1,590,475
40$1,812,941$848,905$653,888$1,659,603
41$1,922,872$815,512$600,804$1,734,040
42$2,041,655$778,122$543,581$1,814,317
43$2,170,116$736,462$482,003$1,901,023
44$2,309,167$690,249$415,850$1,994,808
45$2,459,809$639,178$344,888$2,096,390
46$2,623,143$582,930$268,874$2,206,562
47$2,800,378$521,168$187,556$2,326,199
48$2,992,846$453,535$100,668$2,456,270
49$3,202,010$379,652$7,935$2,597,844
50$3,429,482$299,122$0$2,752,100
51$3,677,034$211,523$0$2,935,882
52$3,946,614$116,411$0$3,137,545
53$4,240,370$13,316$0$3,357,377
54$4,560,661$0$0$3,597,187
55$4,910,087$0$0$3,871,947
56$5,291,507$0$0$4,173,829
57$5,708,072$0$0$4,503,570
58$6,163,246$0$0$4,863,922
59$6,660,845$0$0$5,257,911
60$7,205,072$0$0$5,688,870
61$7,800,552$0$0$6,160,467
62$8,452,378$0$0$6,676,745
63$9,166,160$0$0$7,242,153
64$9,948,074$0$0$7,861,590
65$10,804,924$0$0$8,540,452
66$11,744,199$0$0$9,284,684
67$12,774,151$0$0$10,100,830
68$13,903,868$0$0$10,996,099
69$15,143,359$0$0$11,978,434
70$16,503,649$0$0$13,056,579
71$17,996,881$0$0$14,240,170
72$19,636,434$0$0$15,539,820
73$21,437,044$0$0$16,967,219
74$23,414,942$0$0$18,535,247
75$25,588,014$0$0$20,258,091
76$27,975,958$0$0$22,151,381
77$30,600,478$0$0$24,232,335
78$33,485,485$0$0$26,519,925
79$36,657,320$0$0$29,035,049
80$40,145,008$0$0$31,800,734
81$43,980,521$0$0$34,842,348
82$48,199,090$0$0$38,187,842
83$52,839,528$0$0$41,868,011
84$57,944,600$0$0$45,916,785
85$63,561,427$0$0$50,371,549
86$69,741,924$0$0$55,273,492
87$76,543,295$0$0$60,668,002
88$84,028,567$0$0$66,605,084
89$92,267,190$0$0$73,139,841
90$101,335,685$0$0$80,332,986
91$111,318,370$0$0$88,251,418
92$122,308,152$0$0$96,968,850
93$134,407,404$0$0$106,566,507
94$147,728,930$0$0$117,133,891
95$162,397,028$0$0$128,769,622
96$178,548,665$0$0$141,582,372
97$196,334,764$0$0$155,691,888
98$215,921,629$0$0$171,230,120
99$237,492,518$0$0$188,342,468
100$261,249,364$0$0$207,189,151