Can I retire at age 30 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$79,689$78,979$78,286$77,610$76,950$76,052
2 years$39,450$38,715$38,003$37,313$36,643$35,739
3 years$26,039$25,301$24,591$23,907$23,248$22,366
4 years$19,334$18,599$17,896$17,223$16,581$15,727
5 years$15,313$14,582$13,888$13,229$12,604$11,783
6 years$12,633$11,907$11,223$10,580$9,973$9,184
7 years$10,719$9,999$9,327$8,698$8,111$7,355
8 years$9,285$8,571$7,910$7,297$6,729$6,005
9 years$8,169$7,463$6,813$6,215$5,667$4,975
10 years$7,278$6,578$5,939$5,357$4,828$4,169
11 years$6,549$5,856$5,229$4,663$4,152$3,525
12 years$5,942$5,256$4,641$4,090$3,598$3,001
13 years$5,428$4,750$4,146$3,611$3,138$2,571
14 years$4,989$4,318$3,725$3,205$2,751$2,213
15 years$4,608$3,944$3,363$2,858$2,422$1,912
16 years$4,275$3,619$3,049$2,559$2,141$1,658
17 years$3,982$3,333$2,775$2,300$1,898$1,442
18 years$3,722$3,080$2,533$2,072$1,688$1,258
19 years$3,489$2,854$2,319$1,873$1,504$1,099
20 years$3,280$2,652$2,128$1,696$1,344$962
21 years$3,091$2,470$1,958$1,539$1,202$843
22 years$2,919$2,306$1,804$1,399$1,078$740
23 years$2,763$2,157$1,666$1,275$967$651
24 years$2,619$2,021$1,541$1,162$870$572
25 years$2,488$1,896$1,427$1,062$782$504
26 years$2,367$1,782$1,323$971$705$444
27 years$2,255$1,677$1,229$888$635$392
28 years$2,151$1,581$1,142$814$573$346
29 years$2,054$1,491$1,063$746$518$305
30 years$1,964$1,408$990$685$468$270
31 years$1,880$1,331$923$629$423$238
32 years$1,802$1,260$861$578$383$211
33 years$1,728$1,193$804$532$346$186
34 years$1,659$1,131$751$489$313$165
35 years$1,594$1,072$703$450$284$146
36 years$1,533$1,018$657$415$257$129
37 years$1,475$967$615$382$233$114
38 years$1,420$919$576$352$211$101
39 years$1,368$874$540$325$192$90
40 years$1,319$831$506$300$174$79
41 years$1,273$791$474$276$158$70
42 years$1,229$753$445$255$143$62
43 years$1,187$718$418$235$130$55
44 years$1,147$684$392$217$118$49
45 years$1,108$653$368$201$107$43
46 years$1,072$623$346$185$97$38
47 years$1,037$594$325$171$88$34
48 years$1,004$567$305$158$80$30
49 years$973$542$287$146$73$27
50 years$942$517$270$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $965,000, adding $3,457 every year, while hoping to spend $20,758 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: 32/46/22 Blend
29$965,000$965,000$965,000$965,000
30$1,066,996$1,015,851$1,000,893$1,093,804
31$1,153,743$1,043,541$1,012,337$1,141,963
32$1,248,643$1,071,893$1,023,468$1,191,683
33$1,352,505$1,100,916$1,034,255$1,244,812
34$1,466,220$1,130,621$1,044,662$1,301,659
35$1,590,771$1,161,018$1,054,655$1,362,568
36$1,727,239$1,192,116$1,064,195$1,427,916
37$1,876,814$1,223,926$1,073,242$1,498,120
38$2,040,807$1,256,457$1,081,754$1,573,636
39$2,220,663$1,289,718$1,089,687$1,654,968
40$2,417,973$1,323,716$1,096,993$1,742,670
41$2,634,489$1,358,461$1,103,625$1,837,353
42$2,872,141$1,393,960$1,109,531$1,939,690
43$3,133,055$1,430,219$1,114,656$2,050,422
44$3,419,573$1,467,246$1,118,943$2,170,364
45$3,734,274$1,505,046$1,122,332$2,300,416
46$4,080,001$1,543,624$1,124,761$2,441,568
47$4,459,884$1,582,984$1,126,163$2,594,912
48$4,877,372$1,623,131$1,126,470$2,761,648
49$5,336,266$1,664,066$1,125,608$2,943,103
50$5,840,750$1,705,791$1,123,502$3,140,735
51$6,395,439$1,748,306$1,120,071$3,356,154
52$7,005,411$1,791,611$1,115,231$3,591,132
53$7,676,267$1,835,703$1,108,895$3,847,621
54$8,414,173$1,880,580$1,100,970$4,127,775
55$9,225,926$1,926,235$1,091,359$4,433,966
56$10,119,013$1,972,663$1,079,963$4,768,808
57$11,101,684$2,019,856$1,066,673$5,135,183
58$12,183,030$2,067,803$1,051,381$5,536,265
59$13,373,065$2,116,491$1,033,968$5,975,555
60$14,682,826$2,165,908$1,014,315$6,456,910
61$16,124,473$2,216,036$992,293$6,984,581
62$17,711,403$2,266,856$967,769$7,563,253
63$19,458,381$2,318,347$940,604$8,198,091
64$21,381,674$2,370,483$910,652$8,894,786
65$23,499,206$2,423,239$877,760$9,659,611
66$25,830,730$2,476,582$841,770$10,499,482
67$28,398,009$2,530,479$802,514$11,422,018
68$31,225,025$2,584,892$759,818$12,435,619
69$34,338,206$2,639,780$713,500$13,549,542
70$37,766,670$2,695,097$663,369$14,773,992
71$41,542,506$2,750,792$609,227$16,120,213
72$45,701,071$2,806,810$550,866$17,600,601
73$50,281,329$2,863,092$488,068$19,228,819
74$55,326,213$2,919,573$420,608$21,019,922
75$60,883,036$2,976,181$348,247$22,990,509
76$67,003,932$3,032,839$270,739$25,158,869
77$73,746,349$3,089,465$187,826$27,545,163
78$81,173,596$3,145,968$99,237$30,171,611
79$89,355,434$3,202,251$4,692$33,062,703
80$98,368,736$3,258,209$0$36,245,431
81$108,298,214$3,313,729$0$39,772,126
82$119,237,220$3,368,689$0$43,655,637
83$131,288,620$3,422,959$0$47,931,072
84$144,565,773$3,476,398$0$52,638,339
85$159,193,596$3,528,856$0$57,821,414
86$175,309,743$3,580,170$0$63,528,761
87$193,065,907$3,630,168$0$69,813,790
88$212,629,249$3,678,666$0$76,735,357
89$234,183,976$3,725,464$0$84,358,326
90$257,933,081$3,770,351$0$92,754,178
91$284,100,259$3,813,102$0$102,001,686
92$312,932,016$3,853,475$0$112,187,661
93$344,699,998$3,891,212$0$123,407,771
94$379,703,556$3,926,039$0$135,767,447
95$418,272,567$3,957,663$0$149,382,874
96$460,770,554$3,985,773$0$164,382,094
97$507,598,112$4,010,038$0$180,906,211
98$559,196,693$4,030,104$0$199,110,730
99$616,052,773$4,045,596$0$219,167,017
100$678,702,439$4,056,114$0$241,263,926