Can I retire at age 30 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$79,606$78,897$78,205$77,530$76,871$76,450
2 years$39,409$38,675$37,964$37,274$36,605$36,181
3 years$26,012$25,275$24,565$23,882$23,224$22,809
4 years$19,314$18,579$17,877$17,206$16,563$16,161
5 years$15,297$14,567$13,873$13,215$12,591$12,203
6 years$12,620$11,895$11,212$10,569$9,963$9,589
7 years$10,708$9,989$9,317$8,689$8,103$7,743
8 years$9,275$8,563$7,902$7,289$6,722$6,376
9 years$8,161$7,455$6,806$6,209$5,661$5,330
10 years$7,270$6,571$5,933$5,352$4,823$4,506
11 years$6,542$5,850$5,224$4,658$4,148$3,845
12 years$5,935$5,251$4,636$4,085$3,595$3,305
13 years$5,423$4,745$4,142$3,607$3,135$2,859
14 years$4,984$4,313$3,721$3,202$2,748$2,485
15 years$4,603$3,940$3,360$2,855$2,419$2,169
16 years$4,271$3,615$3,046$2,557$2,138$1,901
17 years$3,978$3,329$2,772$2,297$1,896$1,670
18 years$3,718$3,076$2,530$2,070$1,686$1,472
19 years$3,485$2,851$2,317$1,871$1,503$1,300
20 years$3,276$2,650$2,126$1,694$1,342$1,150
21 years$3,088$2,468$1,955$1,538$1,201$1,020
22 years$2,916$2,304$1,802$1,398$1,077$905
23 years$2,760$2,155$1,664$1,273$966$805
24 years$2,617$2,019$1,539$1,161$869$716
25 years$2,485$1,894$1,425$1,061$782$638
26 years$2,364$1,781$1,322$970$704$569
27 years$2,252$1,676$1,228$888$635$508
28 years$2,149$1,579$1,141$813$573$454
29 years$2,052$1,490$1,062$746$517$406
30 years$1,962$1,407$989$684$467$363
31 years$1,878$1,330$922$629$422$324
32 years$1,800$1,258$860$578$382$290
33 years$1,726$1,192$803$531$346$260
34 years$1,657$1,129$751$489$313$233
35 years$1,592$1,071$702$450$284$209
36 years$1,531$1,017$657$414$257$187
37 years$1,473$966$614$382$233$168
38 years$1,419$918$575$352$211$150
39 years$1,367$873$539$324$191$135
40 years$1,318$830$505$299$174$121
41 years$1,271$790$474$276$158$109
42 years$1,227$753$444$255$143$97
43 years$1,185$717$417$235$130$87
44 years$1,145$684$392$217$118$78
45 years$1,107$652$368$201$107$70
46 years$1,071$622$345$185$97$63
47 years$1,036$593$324$171$88$57
48 years$1,003$567$305$158$80$51
49 years$972$541$287$146$73$46
50 years$941$517$269$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $964,000, adding $5,668 every year, while hoping to spend $39,457 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: 34/39/27 Blend
29$964,000$964,000$964,000$964,000
30$1,068,175$1,017,083$1,002,141$1,095,597
31$1,135,146$1,024,938$993,730$1,124,562
32$1,207,627$1,031,855$983,716$1,151,838
33$1,286,136$1,037,748$972,002$1,180,482
34$1,371,247$1,042,522$958,488$1,210,641
35$1,463,587$1,046,078$943,071$1,242,484
36$1,563,849$1,048,312$925,640$1,276,194
37$1,672,793$1,049,111$906,081$1,311,979
38$1,791,257$1,048,357$884,273$1,350,071
39$1,920,161$1,045,922$860,092$1,390,728
40$2,060,519$1,041,673$833,406$1,434,239
41$2,213,444$1,035,468$804,078$1,480,924
42$2,380,165$1,027,155$771,964$1,531,143
43$2,562,031$1,016,575$736,914$1,585,292
44$2,760,529$1,003,558$698,771$1,643,817
45$2,977,294$987,924$657,372$1,707,211
46$3,214,128$969,482$612,544$1,776,022
47$3,473,014$948,031$564,108$1,850,862
48$3,756,133$923,357$511,878$1,932,409
49$4,065,891$895,233$455,658$2,021,416
50$4,404,932$863,420$395,243$2,118,719
51$4,776,172$827,664$330,420$2,225,249
52$5,182,819$787,697$260,967$2,342,034
53$5,628,408$743,235$186,650$2,470,220
54$6,116,830$693,979$107,228$2,611,072
55$6,652,373$639,610$22,446$2,765,998
56$7,239,757$579,793$0$2,936,555
57$7,884,183$514,174$0$3,144,069
58$8,591,379$442,377$0$3,379,028
59$9,367,653$364,007$0$3,637,160
60$10,219,956$278,646$0$3,920,898
61$11,155,943$185,851$0$4,232,927
62$12,184,048$85,156$0$4,576,217
63$13,313,560$0$0$4,954,046
64$14,554,715$0$0$5,380,306
65$15,918,788$0$0$5,889,095
66$17,418,200$0$0$6,448,521
67$19,066,637$0$0$7,063,709
68$20,879,175$0$0$7,740,305
69$22,872,427$0$0$8,484,532
70$25,064,692$0$0$9,303,242
71$27,476,136$0$0$10,203,990
72$30,128,974$0$0$11,195,096
73$33,047,686$0$0$12,285,730
74$36,259,241$0$0$13,485,993
75$39,793,357$0$0$14,807,018
76$43,682,776$0$0$16,261,069
77$47,963,576$0$0$17,861,660
78$52,675,511$0$0$19,623,684
79$57,862,382$0$0$21,563,548
80$63,572,454$0$0$23,699,334
81$69,858,908$0$0$26,050,963
82$76,780,346$0$0$28,640,388
83$84,401,339$0$0$31,491,800
84$92,793,040$0$0$34,631,854
85$102,033,851$0$0$38,089,922
86$112,210,166$0$0$41,898,370
87$123,417,185$0$0$46,092,863
88$135,759,810$0$0$50,712,701
89$149,353,635$0$0$55,801,192
90$164,326,040$0$0$61,406,056
91$180,817,387$0$0$67,579,880
92$198,982,350$0$0$74,380,611
93$218,991,370$0$0$81,872,107
94$241,032,263$0$0$90,124,732
95$265,311,996$0$0$99,216,027
96$292,058,636$0$0$109,231,440
97$321,523,506$0$0$120,265,129
98$353,983,551$0$0$132,420,855
99$389,743,958$0$0$145,812,958
100$429,141,029$0$0$160,567,439