Can I retire at age 30 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$79,524$78,815$78,124$77,450$76,791$74,722
2 years$39,368$38,635$37,924$37,235$36,567$34,498
3 years$25,985$25,248$24,540$23,857$23,200$21,195
4 years$19,294$18,560$17,859$17,188$16,546$14,621
5 years$15,281$14,551$13,859$13,202$12,578$10,737
6 years$12,607$11,882$11,200$10,558$9,953$8,198
7 years$10,697$9,979$9,307$8,680$8,094$6,426
8 years$9,265$8,554$7,893$7,281$6,715$5,133
9 years$8,152$7,447$6,799$6,202$5,655$4,157
10 years$7,263$6,565$5,927$5,346$4,818$3,403
11 years$6,535$5,844$5,218$4,653$4,144$2,809
12 years$5,929$5,245$4,631$4,081$3,591$2,334
13 years$5,417$4,740$4,137$3,603$3,131$1,949
14 years$4,978$4,309$3,718$3,198$2,745$1,635
15 years$4,598$3,936$3,356$2,852$2,417$1,377
16 years$4,266$3,611$3,043$2,554$2,136$1,162
17 years$3,974$3,326$2,769$2,295$1,894$984
18 years$3,714$3,073$2,528$2,068$1,684$834
19 years$3,482$2,848$2,314$1,869$1,501$709
20 years$3,273$2,647$2,124$1,692$1,341$603
21 years$3,084$2,465$1,953$1,536$1,200$513
22 years$2,913$2,301$1,800$1,397$1,075$438
23 years$2,757$2,152$1,662$1,272$965$374
24 years$2,614$2,017$1,537$1,160$868$319
25 years$2,483$1,893$1,424$1,059$781$273
26 years$2,362$1,779$1,321$969$703$233
27 years$2,250$1,674$1,226$887$634$199
28 years$2,146$1,577$1,140$812$572$171
29 years$2,050$1,488$1,061$745$517$146
30 years$1,960$1,405$988$684$467$125
31 years$1,876$1,328$921$628$422$107
32 years$1,798$1,257$860$577$382$92
33 years$1,725$1,190$803$531$346$79
34 years$1,656$1,128$750$488$313$67
35 years$1,591$1,070$701$449$283$58
36 years$1,529$1,016$656$414$257$49
37 years$1,472$965$614$381$233$42
38 years$1,417$917$575$352$211$36
39 years$1,366$872$539$324$191$31
40 years$1,317$829$505$299$174$27
41 years$1,270$790$473$276$157$23
42 years$1,226$752$444$255$143$20
43 years$1,184$716$417$235$130$17
44 years$1,144$683$391$217$118$14
45 years$1,106$651$367$200$107$12
46 years$1,070$621$345$185$97$11
47 years$1,035$593$324$171$88$9
48 years$1,002$566$305$158$80$8
49 years$971$540$286$146$73$7
50 years$940$516$269$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $963,000, adding $3,007 every year, while hoping to spend $40,862 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: 76/14/10 Blend
29$963,000$963,000$963,000$963,000
30$1,064,328$1,013,289$998,362$1,143,116
31$1,129,412$1,019,463$988,331$1,201,582
32$1,199,766$1,024,570$976,593$1,260,162
33$1,275,883$1,028,515$963,050$1,323,215
34$1,358,307$1,031,196$947,596$1,391,171
35$1,447,635$1,032,506$930,121$1,464,503
36$1,544,524$1,032,329$910,511$1,543,733
37$1,649,697$1,030,544$888,644$1,629,435
38$1,763,947$1,027,022$864,395$1,722,244
39$1,888,150$1,021,626$837,632$1,822,857
40$2,023,266$1,014,210$808,217$1,932,044
41$2,170,353$1,004,621$776,007$2,050,654
42$2,330,576$992,694$740,850$2,179,623
43$2,505,215$978,257$702,589$2,319,981
44$2,695,680$961,125$661,059$2,472,866
45$2,903,523$941,104$616,088$2,639,530
46$3,130,452$917,987$567,497$2,821,357
47$3,378,348$891,557$515,097$3,019,868
48$3,649,278$861,583$458,692$3,236,744
49$3,945,524$827,820$398,077$3,473,836
50$4,269,593$790,009$333,039$3,733,186
51$4,624,249$747,876$263,352$4,017,044
52$5,012,532$701,133$188,785$4,327,891
53$5,437,794$649,472$109,093$4,668,464
54$5,903,723$592,570$24,022$5,041,778
55$6,414,382$530,085$0$5,451,158
56$6,974,246$461,656$0$5,907,394
57$7,588,241$386,899$0$6,410,603
58$8,261,797$305,413$0$6,962,704
59$9,000,892$216,769$0$7,568,643
60$9,812,110$120,518$0$8,233,868
61$10,702,706$16,185$0$8,964,386
62$11,680,671$0$0$9,766,813
63$12,754,806$0$0$10,663,347
64$13,934,808$0$0$11,651,022
65$15,231,359$0$0$12,736,291
66$16,656,228$0$0$13,929,008
67$18,222,377$0$0$15,240,031
68$19,944,092$0$0$16,681,321
69$21,837,106$0$0$18,266,058
70$23,918,758$0$0$20,008,760
71$26,208,148$0$0$21,925,423
72$28,726,320$0$0$24,033,674
73$31,496,462$0$0$26,352,929
74$34,544,119$0$0$28,904,584
75$37,897,441$0$0$31,712,214
76$41,587,441$0$0$34,801,792
77$45,648,292$0$0$38,201,937
78$50,117,645$0$0$41,944,183
79$55,036,990$0$0$46,063,277
80$60,452,038$0$0$50,597,503
81$66,413,162$0$0$55,589,046
82$72,975,864$0$0$61,084,391
83$80,201,301$0$0$67,134,757
84$88,156,862$0$0$73,796,582
85$96,916,804$0$0$81,132,057
86$106,562,950$0$0$89,209,710
87$117,185,463$0$0$98,105,052
88$128,883,695$0$0$107,901,291
89$141,767,124$0$0$118,690,117
90$155,956,387$0$0$130,572,564
91$171,584,419$0$0$143,659,966
92$188,797,705$0$0$158,075,007
93$207,757,665$0$0$173,952,877
94$228,642,172$0$0$191,442,547
95$251,647,235$0$0$210,708,177
96$276,988,847$0$0$231,930,665
97$304,905,022$0$0$255,309,349
98$335,658,040$0$0$281,063,894
99$369,536,927$0$0$309,436,362
100$406,860,176$0$0$340,693,496