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%12.1%
1 years$79,689$78,979$78,286$77,610$76,950$76,274
2 years$39,450$38,715$38,003$37,313$36,643$35,961
3 years$26,039$25,301$24,591$23,907$23,248$22,582
4 years$19,334$18,599$17,896$17,223$16,581$15,936
5 years$15,313$14,582$13,888$13,229$12,604$11,982
6 years$12,633$11,907$11,223$10,580$9,973$9,375
7 years$10,719$9,999$9,327$8,698$8,111$7,537
8 years$9,285$8,571$7,910$7,297$6,729$6,179
9 years$8,169$7,463$6,813$6,215$5,667$5,140
10 years$7,278$6,578$5,939$5,357$4,828$4,325
11 years$6,549$5,856$5,229$4,663$4,152$3,673
12 years$5,942$5,256$4,641$4,090$3,598$3,141
13 years$5,428$4,750$4,146$3,611$3,138$2,703
14 years$4,989$4,318$3,725$3,205$2,751$2,337
15 years$4,608$3,944$3,363$2,858$2,422$2,030
16 years$4,275$3,619$3,049$2,559$2,141$1,769
17 years$3,982$3,333$2,775$2,300$1,898$1,546
18 years$3,722$3,080$2,533$2,072$1,688$1,354
19 years$3,489$2,854$2,319$1,873$1,504$1,189
20 years$3,280$2,652$2,128$1,696$1,344$1,046
21 years$3,091$2,470$1,958$1,539$1,202$922
22 years$2,919$2,306$1,804$1,399$1,078$814
23 years$2,763$2,157$1,666$1,275$967$719
24 years$2,619$2,021$1,541$1,162$870$636
25 years$2,488$1,896$1,427$1,062$782$563
26 years$2,367$1,782$1,323$971$705$499
27 years$2,255$1,677$1,229$888$635$443
28 years$2,151$1,581$1,142$814$573$393
29 years$2,054$1,491$1,063$746$518$349
30 years$1,964$1,408$990$685$468$310
31 years$1,880$1,331$923$629$423$276
32 years$1,802$1,260$861$578$383$245
33 years$1,728$1,193$804$532$346$218
34 years$1,659$1,131$751$489$313$194
35 years$1,594$1,072$703$450$284$173
36 years$1,533$1,018$657$415$257$154
37 years$1,475$967$615$382$233$137
38 years$1,420$919$576$352$211$122
39 years$1,368$874$540$325$192$109
40 years$1,319$831$506$300$174$97
41 years$1,273$791$474$276$158$86
42 years$1,229$753$445$255$143$77
43 years$1,187$718$418$235$130$68
44 years$1,147$684$392$217$118$61
45 years$1,108$653$368$201$107$54
46 years$1,072$623$346$185$97$48
47 years$1,037$594$325$171$88$43
48 years$1,004$567$305$158$80$39
49 years$973$542$287$146$73$34
50 years$942$517$270$135$66$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $965,000, adding $2,430 every year, while hoping to spend $53,200 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: 54/34/12 Blend
29$965,000$965,000$965,000$965,000
30$1,065,937$1,014,792$999,834$1,120,063
31$1,118,058$1,007,912$976,724$1,150,237
32$1,173,712$998,912$951,057$1,177,098
33$1,233,204$987,632$922,691$1,205,099
34$1,296,867$973,902$891,477$1,234,359
35$1,365,067$957,543$857,261$1,265,014
36$1,438,205$938,363$819,880$1,297,213
37$1,516,720$916,162$779,165$1,331,126
38$1,601,097$890,725$734,938$1,366,942
39$1,691,864$861,826$687,014$1,404,873
40$1,789,605$829,226$635,199$1,445,156
41$1,894,958$792,671$579,291$1,488,057
42$2,008,625$751,894$519,080$1,533,871
43$2,131,379$706,611$454,343$1,582,930
44$2,264,067$656,522$384,850$1,635,603
45$2,407,620$601,310$310,361$1,692,301
46$2,563,063$540,640$230,624$1,753,483
47$2,731,522$474,158$145,377$1,819,661
48$2,914,236$401,490$54,345$1,891,404
49$3,112,565$322,240$0$1,969,347
50$3,328,008$235,991$0$2,059,675
51$3,562,211$142,302$0$2,165,475
52$3,816,989$40,706$0$2,280,692
53$4,094,333$0$0$2,406,339
54$4,396,439$0$0$2,569,458
55$4,725,721$0$0$2,763,934
56$5,084,836$0$0$2,976,116
57$5,476,709$0$0$3,207,745
58$5,904,560$0$0$3,460,733
59$6,371,933$0$0$3,737,189
60$6,882,728$0$0$4,039,433
61$7,441,242$0$0$4,370,018
62$8,052,202$0$0$4,731,758
63$8,720,818$0$0$5,127,749
64$9,452,821$0$0$5,561,402
65$10,254,528$0$0$6,036,472
66$11,132,890$0$0$6,557,096
67$12,095,565$0$0$7,127,827
68$13,150,988$0$0$7,753,683
69$14,308,447$0$0$8,440,189
70$15,578,173$0$0$9,193,431
71$16,971,433$0$0$10,020,112
72$18,500,642$0$0$10,927,617
73$20,179,470$0$0$11,924,080
74$22,022,980$0$0$13,018,459
75$24,047,761$0$0$14,220,626
76$26,272,091$0$0$15,541,455
77$28,716,103$0$0$16,992,923
78$31,401,979$0$0$18,588,227
79$34,354,155$0$0$20,341,906
80$37,599,551$0$0$22,269,977
81$41,167,828$0$0$24,390,087
82$45,091,662$0$0$26,721,678
83$49,407,056$0$0$29,286,172
84$54,153,676$0$0$32,107,169
85$59,375,225$0$0$35,210,672
86$65,119,854$0$0$38,625,332
87$71,440,619$0$0$42,382,718
88$78,395,976$0$0$46,517,612
89$86,050,335$0$0$51,068,338
90$94,474,664$0$0$56,077,125
91$103,747,161$0$0$61,590,503
92$113,953,990$0$0$67,659,741
93$125,190,090$0$0$74,341,331
94$137,560,076$0$0$81,697,524
95$151,179,219$0$0$89,796,909
96$166,174,538$0$0$98,715,068
97$182,685,992$0$0$108,535,284
98$200,867,807$0$0$119,349,327
99$220,889,924$0$0$131,258,322
100$242,939,605$0$0$144,373,697