Can I retire at age 30 with 963,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$79,524$78,815$78,124$77,450$76,791$73,978
2 years$39,368$38,635$37,924$37,235$36,567$33,765
3 years$25,985$25,248$24,540$23,857$23,200$20,495
4 years$19,294$18,560$17,859$17,188$16,546$13,961
5 years$15,281$14,551$13,859$13,202$12,578$10,119
6 years$12,607$11,882$11,200$10,558$9,953$7,621
7 years$10,697$9,979$9,307$8,680$8,094$5,889
8 years$9,265$8,554$7,893$7,281$6,715$4,635
9 years$8,152$7,447$6,799$6,202$5,655$3,697
10 years$7,263$6,565$5,927$5,346$4,818$2,979
11 years$6,535$5,844$5,218$4,653$4,144$2,420
12 years$5,929$5,245$4,631$4,081$3,591$1,977
13 years$5,417$4,740$4,137$3,603$3,131$1,624
14 years$4,978$4,309$3,718$3,198$2,745$1,339
15 years$4,598$3,936$3,356$2,852$2,417$1,107
16 years$4,266$3,611$3,043$2,554$2,136$918
17 years$3,974$3,326$2,769$2,295$1,894$763
18 years$3,714$3,073$2,528$2,068$1,684$635
19 years$3,482$2,848$2,314$1,869$1,501$529
20 years$3,273$2,647$2,124$1,692$1,341$442
21 years$3,084$2,465$1,953$1,536$1,200$369
22 years$2,913$2,301$1,800$1,397$1,075$309
23 years$2,757$2,152$1,662$1,272$965$258
24 years$2,614$2,017$1,537$1,160$868$216
25 years$2,483$1,893$1,424$1,059$781$181
26 years$2,362$1,779$1,321$969$703$152
27 years$2,250$1,674$1,226$887$634$127
28 years$2,146$1,577$1,140$812$572$107
29 years$2,050$1,488$1,061$745$517$89
30 years$1,960$1,405$988$684$467$75
31 years$1,876$1,328$921$628$422$63
32 years$1,798$1,257$860$577$382$53
33 years$1,725$1,190$803$531$346$44
34 years$1,656$1,128$750$488$313$37
35 years$1,591$1,070$701$449$283$31
36 years$1,529$1,016$656$414$257$26
37 years$1,472$965$614$381$233$22
38 years$1,417$917$575$352$211$18
39 years$1,366$872$539$324$191$15
40 years$1,317$829$505$299$174$13
41 years$1,270$790$473$276$157$11
42 years$1,226$752$444$255$143$9
43 years$1,184$716$417$235$130$8
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$5
47 years$1,035$593$324$171$88$4
48 years$1,002$566$305$158$80$3
49 years$971$540$286$146$73$3
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 $2,961 every year, while hoping to spend $43,292 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: 45/31/24 Blend
29$963,000$963,000$963,000$963,000
30$1,064,280$1,013,241$998,315$1,104,683
31$1,126,775$1,016,828$985,696$1,137,106
32$1,194,192$1,019,139$971,203$1,167,796
33$1,266,990$1,020,067$954,729$1,200,215
34$1,345,669$1,019,496$936,158$1,234,547
35$1,430,781$1,017,305$915,373$1,270,996
36$1,522,932$1,013,364$892,250$1,309,790
37$1,622,788$1,007,536$866,657$1,351,182
38$1,731,081$999,674$838,459$1,395,455
39$1,848,618$989,625$807,514$1,442,922
40$1,976,283$977,223$773,672$1,493,933
41$2,115,053$962,296$736,779$1,548,876
42$2,265,998$944,658$696,671$1,608,183
43$2,430,299$924,116$653,178$1,672,333
44$2,609,254$900,461$606,124$1,741,858
45$2,804,290$873,476$555,321$1,817,351
46$3,016,980$842,929$500,577$1,899,466
47$3,249,055$808,575$441,689$1,988,933
48$3,502,417$770,154$378,444$2,086,559
49$3,779,164$727,392$310,623$2,193,240
50$4,081,604$680,000$237,994$2,309,969
51$4,412,277$627,669$160,316$2,437,846
52$4,773,980$570,076$77,338$2,578,090
53$5,169,795$506,878$0$2,732,054
54$5,603,112$437,713$0$2,904,105
55$6,077,666$362,197$0$3,114,350
56$6,597,570$279,927$0$3,344,870
57$7,167,354$190,476$0$3,597,774
58$7,792,006$93,391$0$3,875,386
59$8,477,020$0$0$4,180,277
60$9,228,448$0$0$4,519,309
61$10,052,955$0$0$4,926,384
62$10,957,883$0$0$5,373,283
63$11,951,318$0$0$5,864,015
64$13,042,169$0$0$6,402,995
65$14,240,250$0$0$6,995,087
66$15,556,370$0$0$7,645,652
67$17,002,437$0$0$8,360,591
68$18,591,572$0$0$9,146,409
69$20,338,228$0$0$10,010,271
70$22,258,328$0$0$10,960,072
71$24,369,414$0$0$12,004,508
72$26,690,814$0$0$13,153,161
73$29,243,823$0$0$14,416,589
74$32,051,900$0$0$15,806,424
75$35,140,895$0$0$17,335,481
76$38,539,288$0$0$19,017,882
77$42,278,460$0$0$20,869,183
78$46,392,983$0$0$22,906,530
79$50,920,955$0$0$25,148,809
80$55,904,351$0$0$27,616,833
81$61,389,421$0$0$30,333,536
82$67,427,127$0$0$33,324,186
83$74,073,622$0$0$36,616,626
84$81,390,781$0$0$40,241,536
85$89,446,783$0$0$44,232,723
86$98,316,752$0$0$48,627,436
87$108,083,470$0$0$53,466,724
88$118,838,152$0$0$58,795,818
89$130,681,313$0$0$64,664,556
90$143,723,708$0$0$71,127,861
91$158,087,384$0$0$78,246,249
92$173,906,827$0$0$86,086,408
93$191,330,231$0$0$94,721,823
94$210,520,896$0$0$104,233,471
95$231,658,771$0$0$114,710,582
96$254,942,149$0$0$126,251,485
97$280,589,538$0$0$138,964,534
98$308,841,724$0$0$152,969,129
99$339,964,043$0$0$168,396,844
100$374,248,883$0$0$185,392,670