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%15.8%
1 years$79,524$78,815$78,124$77,450$76,791$74,965
2 years$39,368$38,635$37,924$37,235$36,567$34,738
3 years$25,985$25,248$24,540$23,857$23,200$21,425
4 years$19,294$18,560$17,859$17,188$16,546$14,839
5 years$15,281$14,551$13,859$13,202$12,578$10,944
6 years$12,607$11,882$11,200$10,558$9,953$8,393
7 years$10,697$9,979$9,307$8,680$8,094$6,609
8 years$9,265$8,554$7,893$7,281$6,715$5,303
9 years$8,152$7,447$6,799$6,202$5,655$4,316
10 years$7,263$6,565$5,927$5,346$4,818$3,551
11 years$6,535$5,844$5,218$4,653$4,144$2,946
12 years$5,929$5,245$4,631$4,081$3,591$2,460
13 years$5,417$4,740$4,137$3,603$3,131$2,066
14 years$4,978$4,309$3,718$3,198$2,745$1,743
15 years$4,598$3,936$3,356$2,852$2,417$1,475
16 years$4,266$3,611$3,043$2,554$2,136$1,253
17 years$3,974$3,326$2,769$2,295$1,894$1,066
18 years$3,714$3,073$2,528$2,068$1,684$910
19 years$3,482$2,848$2,314$1,869$1,501$777
20 years$3,273$2,647$2,124$1,692$1,341$665
21 years$3,084$2,465$1,953$1,536$1,200$570
22 years$2,913$2,301$1,800$1,397$1,075$489
23 years$2,757$2,152$1,662$1,272$965$420
24 years$2,614$2,017$1,537$1,160$868$361
25 years$2,483$1,893$1,424$1,059$781$310
26 years$2,362$1,779$1,321$969$703$267
27 years$2,250$1,674$1,226$887$634$230
28 years$2,146$1,577$1,140$812$572$198
29 years$2,050$1,488$1,061$745$517$171
30 years$1,960$1,405$988$684$467$147
31 years$1,876$1,328$921$628$422$127
32 years$1,798$1,257$860$577$382$109
33 years$1,725$1,190$803$531$346$94
34 years$1,656$1,128$750$488$313$81
35 years$1,591$1,070$701$449$283$70
36 years$1,529$1,016$656$414$257$61
37 years$1,472$965$614$381$233$52
38 years$1,417$917$575$352$211$45
39 years$1,366$872$539$324$191$39
40 years$1,317$829$505$299$174$34
41 years$1,270$790$473$276$157$29
42 years$1,226$752$444$255$143$25
43 years$1,184$716$417$235$130$22
44 years$1,144$683$391$217$118$19
45 years$1,106$651$367$200$107$16
46 years$1,070$621$345$185$97$14
47 years$1,035$593$324$171$88$12
48 years$1,002$566$305$158$80$10
49 years$971$540$286$146$73$9
50 years$940$516$269$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $963,000, adding $4,551 every year, while hoping to spend $53,301 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: 55/16/29 Blend
29$963,000$963,000$963,000$963,000
30$1,065,920$1,014,881$999,955$1,115,748
31$1,117,932$1,007,899$976,741$1,143,666
32$1,173,463$998,787$950,964$1,168,199
33$1,232,815$987,387$922,480$1,193,858
34$1,296,321$973,527$891,142$1,220,770
35$1,364,343$957,028$856,793$1,249,079
36$1,437,282$937,698$819,271$1,278,945
37$1,515,574$915,334$778,405$1,310,550
38$1,599,700$889,723$734,019$1,344,096
39$1,690,187$860,637$685,927$1,379,808
40$1,787,614$827,837$633,934$1,417,939
41$1,892,618$791,067$577,837$1,458,771
42$2,005,895$750,060$517,426$1,502,619
43$2,128,215$704,531$452,477$1,549,834
44$2,260,419$654,180$382,762$1,600,808
45$2,403,434$598,687$308,037$1,655,977
46$2,558,279$537,718$228,051$1,715,825
47$2,726,074$470,916$142,541$1,780,895
48$2,908,050$397,907$51,232$1,851,786
49$3,105,560$318,294$0$1,929,167
50$3,320,095$231,658$0$2,028,080
51$3,553,292$137,556$0$2,152,899
52$3,806,953$35,522$0$2,288,767
53$4,083,061$0$0$2,436,801
54$4,383,798$0$0$2,611,432
55$4,711,564$0$0$2,808,655
56$5,069,002$0$0$3,023,817
57$5,459,020$0$0$3,258,679
58$5,884,818$0$0$3,515,179
59$6,349,921$0$0$3,795,452
60$6,858,207$0$0$4,101,847
61$7,413,947$0$0$4,436,951
62$8,021,842$0$0$4,803,613
63$8,687,071$0$0$5,204,967
64$9,415,334$0$0$5,644,469
65$10,212,908$0$0$6,125,920
66$11,086,706$0$0$6,653,510
67$12,044,343$0$0$7,231,850
68$13,094,203$0$0$7,866,021
69$14,245,520$0$0$8,561,617
70$15,508,467$0$0$9,324,803
71$16,894,246$0$0$10,162,365
72$18,415,198$0$0$11,081,781
73$20,084,916$0$0$12,091,287
74$21,918,373$0$0$13,199,957
75$23,932,064$0$0$14,417,785
76$26,144,159$0$0$15,755,781
77$28,574,675$0$0$17,226,076
78$31,245,663$0$0$18,842,031
79$34,181,418$0$0$20,618,370
80$37,408,704$0$0$22,571,309
81$40,957,008$0$0$24,718,720
82$44,858,816$0$0$27,080,288
83$49,149,921$0$0$29,677,705
84$53,869,757$0$0$32,534,867
85$59,061,772$0$0$35,678,107
86$64,773,838$0$0$39,136,434
87$71,058,699$0$0$42,941,814
88$77,974,471$0$0$47,129,467
89$85,585,186$0$0$51,738,200
90$93,961,400$0$0$56,810,771
91$103,180,854$0$0$62,394,296
92$113,329,207$0$0$68,540,688
93$124,500,844$0$0$75,307,151
94$136,799,769$0$0$82,756,716
95$150,340,578$0$0$90,958,836
96$165,249,548$0$0$99,990,041
97$181,665,822$0$0$109,934,661
98$199,742,721$0$0$120,885,620
99$219,649,193$0$0$132,945,313
100$241,571,407$0$0$146,226,568