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%14.9%
1 years$79,606$78,897$78,205$77,530$76,871$75,319
2 years$39,409$38,675$37,964$37,274$36,605$35,048
3 years$26,012$25,275$24,565$23,882$23,224$21,711
4 years$19,314$18,579$17,877$17,206$16,563$15,106
5 years$15,297$14,567$13,873$13,215$12,591$11,193
6 years$12,620$11,895$11,212$10,569$9,963$8,626
7 years$10,708$9,989$9,317$8,689$8,103$6,827
8 years$9,275$8,563$7,902$7,289$6,722$5,507
9 years$8,161$7,455$6,806$6,209$5,661$4,506
10 years$7,270$6,571$5,933$5,352$4,823$3,728
11 years$6,542$5,850$5,224$4,658$4,148$3,110
12 years$5,935$5,251$4,636$4,085$3,595$2,613
13 years$5,423$4,745$4,142$3,607$3,135$2,208
14 years$4,984$4,313$3,721$3,202$2,748$1,874
15 years$4,603$3,940$3,360$2,855$2,419$1,596
16 years$4,271$3,615$3,046$2,557$2,138$1,364
17 years$3,978$3,329$2,772$2,297$1,896$1,169
18 years$3,718$3,076$2,530$2,070$1,686$1,004
19 years$3,485$2,851$2,317$1,871$1,503$863
20 years$3,276$2,650$2,126$1,694$1,342$744
21 years$3,088$2,468$1,955$1,538$1,201$642
22 years$2,916$2,304$1,802$1,398$1,077$555
23 years$2,760$2,155$1,664$1,273$966$480
24 years$2,617$2,019$1,539$1,161$869$415
25 years$2,485$1,894$1,425$1,061$782$360
26 years$2,364$1,781$1,322$970$704$312
27 years$2,252$1,676$1,228$888$635$270
28 years$2,149$1,579$1,141$813$573$234
29 years$2,052$1,490$1,062$746$517$204
30 years$1,962$1,407$989$684$467$177
31 years$1,878$1,330$922$629$422$153
32 years$1,800$1,258$860$578$382$133
33 years$1,726$1,192$803$531$346$116
34 years$1,657$1,129$751$489$313$101
35 years$1,592$1,071$702$450$284$88
36 years$1,531$1,017$657$414$257$76
37 years$1,473$966$614$382$233$66
38 years$1,419$918$575$352$211$58
39 years$1,367$873$539$324$191$50
40 years$1,318$830$505$299$174$44
41 years$1,271$790$474$276$158$38
42 years$1,227$753$444$255$143$33
43 years$1,185$717$417$235$130$29
44 years$1,145$684$392$217$118$25
45 years$1,107$652$368$201$107$22
46 years$1,071$622$345$185$97$19
47 years$1,036$593$324$171$88$16
48 years$1,003$567$305$158$80$14
49 years$972$541$287$146$73$12
50 years$941$517$269$135$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $964,000, adding $4,995 every year, while hoping to spend $57,337 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: 77/11/12 Blend
29$964,000$964,000$964,000$964,000
30$1,067,480$1,016,388$1,001,446$1,146,827
31$1,115,357$1,005,185$973,989$1,188,573
32$1,166,196$991,512$943,689$1,226,545
33$1,220,238$975,186$910,393$1,266,563
34$1,277,747$956,015$873,936$1,308,809
35$1,339,014$933,796$834,150$1,353,483
36$1,404,354$908,313$790,854$1,400,808
37$1,474,115$879,337$743,865$1,451,029
38$1,548,676$846,626$692,986$1,504,416
39$1,628,456$809,925$638,015$1,561,270
40$1,713,909$768,963$578,740$1,621,920
41$1,805,539$723,453$514,939$1,686,731
42$1,903,895$673,093$446,380$1,756,106
43$2,009,580$617,562$372,821$1,830,491
44$2,123,256$556,522$294,010$1,910,378
45$2,245,652$489,615$209,683$1,996,310
46$2,377,565$416,463$119,565$2,088,887
47$2,519,874$336,666$23,367$2,188,773
48$2,673,541$249,804$0$2,296,699
49$2,839,627$155,429$0$2,423,627
50$3,019,296$53,071$0$2,564,150
51$3,213,826$0$0$2,716,303
52$3,424,625$0$0$2,888,209
53$3,653,240$0$0$3,081,639
54$3,901,371$0$0$3,291,613
55$4,170,890$0$0$3,519,717
56$4,463,855$0$0$3,767,697
57$4,782,530$0$0$4,037,473
58$5,129,405$0$0$4,331,158
59$5,507,222$0$0$4,651,079
60$5,918,997$0$0$4,999,792
61$6,368,049$0$0$5,380,115
62$6,858,031$0$0$5,795,147
63$7,392,966$0$0$6,248,299
64$7,977,280$0$0$6,743,328
65$8,615,846$0$0$7,284,367
66$9,314,029$0$0$7,875,968
67$10,077,737$0$0$8,523,143
68$10,913,475$0$0$9,231,410
69$11,828,403$0$0$10,006,847
70$12,830,410$0$0$10,856,144
71$13,928,179$0$0$11,786,670
72$15,131,277$0$0$12,806,540
73$16,450,237$0$0$13,924,692
74$17,896,662$0$0$15,150,971
75$19,483,329$0$0$16,496,217
76$21,224,315$0$0$17,972,374
77$23,135,123$0$0$19,592,595
78$25,232,829$0$0$21,371,371
79$27,536,246$0$0$23,324,662
80$30,066,096$0$0$25,470,051
81$32,845,208$0$0$27,826,908
82$35,898,728$0$0$30,416,570
83$39,254,361$0$0$33,262,543
84$42,942,629$0$0$36,390,726
85$46,997,157$0$0$39,829,649
86$51,454,989$0$0$43,610,744
87$56,356,940$0$0$47,768,643
88$61,747,977$0$0$52,341,501
89$67,677,642$0$0$57,371,354
90$74,200,521$0$0$62,904,519
91$81,376,756$0$0$68,992,027
92$89,272,613$0$0$75,690,106
93$97,961,102$0$0$83,060,707
94$107,522,673$0$0$91,172,091
95$118,045,963$0$0$100,099,470
96$129,628,643$0$0$109,925,719
97$142,378,329$0$0$120,742,152
98$156,413,601$0$0$132,649,388
99$171,865,120$0$0$145,758,295
100$188,876,861$0$0$160,191,039