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%19.5%
1 years$79,524$78,815$78,124$77,450$76,791$73,861
2 years$39,368$38,635$37,924$37,235$36,567$33,650
3 years$25,985$25,248$24,540$23,857$23,200$20,387
4 years$19,294$18,560$17,859$17,188$16,546$13,859
5 years$15,281$14,551$13,859$13,202$12,578$10,024
6 years$12,607$11,882$11,200$10,558$9,953$7,532
7 years$10,697$9,979$9,307$8,680$8,094$5,808
8 years$9,265$8,554$7,893$7,281$6,715$4,560
9 years$8,152$7,447$6,799$6,202$5,655$3,628
10 years$7,263$6,565$5,927$5,346$4,818$2,916
11 years$6,535$5,844$5,218$4,653$4,144$2,362
12 years$5,929$5,245$4,631$4,081$3,591$1,925
13 years$5,417$4,740$4,137$3,603$3,131$1,577
14 years$4,978$4,309$3,718$3,198$2,745$1,296
15 years$4,598$3,936$3,356$2,852$2,417$1,069
16 years$4,266$3,611$3,043$2,554$2,136$884
17 years$3,974$3,326$2,769$2,295$1,894$732
18 years$3,714$3,073$2,528$2,068$1,684$608
19 years$3,482$2,848$2,314$1,869$1,501$505
20 years$3,273$2,647$2,124$1,692$1,341$420
21 years$3,084$2,465$1,953$1,536$1,200$350
22 years$2,913$2,301$1,800$1,397$1,075$292
23 years$2,757$2,152$1,662$1,272$965$243
24 years$2,614$2,017$1,537$1,160$868$203
25 years$2,483$1,893$1,424$1,059$781$170
26 years$2,362$1,779$1,321$969$703$142
27 years$2,250$1,674$1,226$887$634$118
28 years$2,146$1,577$1,140$812$572$99
29 years$2,050$1,488$1,061$745$517$83
30 years$1,960$1,405$988$684$467$69
31 years$1,876$1,328$921$628$422$58
32 years$1,798$1,257$860$577$382$48
33 years$1,725$1,190$803$531$346$40
34 years$1,656$1,128$750$488$313$34
35 years$1,591$1,070$701$449$283$28
36 years$1,529$1,016$656$414$257$24
37 years$1,472$965$614$381$233$20
38 years$1,417$917$575$352$211$17
39 years$1,366$872$539$324$191$14
40 years$1,317$829$505$299$174$12
41 years$1,270$790$473$276$157$10
42 years$1,226$752$444$255$143$8
43 years$1,184$716$417$235$130$7
44 years$1,144$683$391$217$118$6
45 years$1,106$651$367$200$107$5
46 years$1,070$621$345$185$97$4
47 years$1,035$593$324$171$88$3
48 years$1,002$566$305$158$80$3
49 years$971$540$286$146$73$2
50 years$940$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $963,000, adding $6,407 every year, while hoping to spend $24,709 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: 42/41/17 Blend
29$963,000$963,000$963,000$963,000
30$1,067,835$1,016,796$1,001,869$1,107,120
31$1,150,464$1,040,329$1,009,142$1,159,021
32$1,240,693$1,064,186$1,015,830$1,212,275
33$1,339,271$1,088,359$1,021,887$1,269,421
34$1,447,023$1,112,835$1,027,267$1,330,825
35$1,564,857$1,137,601$1,031,918$1,396,894
36$1,693,772$1,162,644$1,035,787$1,468,076
37$1,834,869$1,187,946$1,038,819$1,544,863
38$1,989,361$1,213,491$1,040,954$1,627,798
39$2,158,583$1,239,258$1,042,133$1,717,481
40$2,344,003$1,265,227$1,042,289$1,814,570
41$2,547,242$1,291,373$1,041,356$1,919,793
42$2,770,081$1,317,671$1,039,263$2,033,953
43$3,014,486$1,344,093$1,035,934$2,157,932
44$3,282,618$1,370,609$1,031,293$2,292,705
45$3,576,860$1,397,184$1,025,256$2,439,346
46$3,899,837$1,423,783$1,017,739$2,599,040
47$4,254,438$1,450,366$1,008,651$2,773,091
48$4,643,849$1,476,892$997,899$2,962,938
49$5,071,577$1,503,314$985,384$3,170,169
50$5,541,485$1,529,584$971,002$3,396,532
51$6,057,831$1,555,649$954,645$3,643,957
52$6,625,305$1,581,450$936,200$3,914,568
53$7,249,072$1,606,928$915,549$4,210,711
54$7,934,825$1,632,015$892,568$4,534,970
55$8,688,836$1,656,642$867,127$4,890,194
56$9,518,012$1,680,732$839,091$5,279,524
57$10,429,965$1,704,205$808,317$5,706,425
58$11,433,083$1,726,972$774,657$6,174,713
59$12,536,606$1,748,942$737,956$6,688,600
60$13,750,715$1,770,015$698,053$7,252,726
61$15,086,627$1,790,085$654,777$7,872,208
62$16,556,702$1,809,039$607,951$8,552,686
63$18,174,559$1,826,755$557,391$9,300,380
64$19,955,204$1,843,105$502,903$10,122,146
65$21,915,169$1,857,952$444,285$11,025,541
66$24,072,674$1,871,149$381,326$12,018,898
67$26,447,792$1,882,541$313,806$13,111,402
68$29,062,643$1,891,962$241,494$14,313,181
69$31,941,600$1,899,235$164,152$15,635,396
70$35,111,519$1,904,174$81,527$17,090,353
71$38,601,994$1,906,579$0$18,691,618
72$42,445,635$1,906,238$0$20,455,352
73$46,678,373$1,902,927$0$22,412,692
74$51,339,803$1,896,407$0$24,567,059
75$56,473,557$1,886,425$0$26,938,536
76$62,127,713$1,872,713$0$29,549,260
77$68,355,249$1,854,984$0$32,423,630
78$75,214,544$1,832,939$0$35,588,536
79$82,769,930$1,806,255$0$39,073,613
80$91,092,296$1,774,595$0$42,911,527
81$100,259,757$1,737,597$0$47,138,278
82$110,358,396$1,694,882$0$51,793,542
83$121,483,068$1,646,047$0$56,921,051
84$133,738,302$1,590,665$0$62,568,999
85$147,239,284$1,528,283$0$68,790,505
86$162,112,947$1,458,425$0$75,644,112
87$178,499,164$1,380,584$0$83,194,342
88$196,552,072$1,294,226$0$91,512,305
89$216,441,525$1,198,785$0$100,676,372
90$238,354,699$1,093,663$0$110,772,918
91$262,497,854$978,229$0$121,897,136
92$289,098,287$851,814$0$134,153,941
93$318,406,473$713,713$0$147,658,957
94$350,698,428$563,180$0$162,539,617
95$386,278,320$399,428$0$178,936,360
96$425,481,332$221,624$0$197,003,965
97$468,676,835$28,891$0$216,913,013
98$516,271,866$0$0$238,851,498
99$568,714,975$0$0$263,107,679
100$626,500,458$0$0$289,849,446