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%13.7%
1 years$79,689$78,979$78,286$77,610$76,950$75,769
2 years$39,450$38,715$38,003$37,313$36,643$35,456
3 years$26,039$25,301$24,591$23,907$23,248$22,092
4 years$19,334$18,599$17,896$17,223$16,581$15,464
5 years$15,313$14,582$13,888$13,229$12,604$11,531
6 years$12,633$11,907$11,223$10,580$9,973$8,944
7 years$10,719$9,999$9,327$8,698$8,111$7,127
8 years$9,285$8,571$7,910$7,297$6,729$5,789
9 years$8,169$7,463$6,813$6,215$5,667$4,771
10 years$7,278$6,578$5,939$5,357$4,828$3,976
11 years$6,549$5,856$5,229$4,663$4,152$3,343
12 years$5,942$5,256$4,641$4,090$3,598$2,830
13 years$5,428$4,750$4,146$3,611$3,138$2,410
14 years$4,989$4,318$3,725$3,205$2,751$2,062
15 years$4,608$3,944$3,363$2,858$2,422$1,771
16 years$4,275$3,619$3,049$2,559$2,141$1,526
17 years$3,982$3,333$2,775$2,300$1,898$1,319
18 years$3,722$3,080$2,533$2,072$1,688$1,143
19 years$3,489$2,854$2,319$1,873$1,504$992
20 years$3,280$2,652$2,128$1,696$1,344$862
21 years$3,091$2,470$1,958$1,539$1,202$751
22 years$2,919$2,306$1,804$1,399$1,078$655
23 years$2,763$2,157$1,666$1,275$967$571
24 years$2,619$2,021$1,541$1,162$870$499
25 years$2,488$1,896$1,427$1,062$782$437
26 years$2,367$1,782$1,323$971$705$382
27 years$2,255$1,677$1,229$888$635$335
28 years$2,151$1,581$1,142$814$573$293
29 years$2,054$1,491$1,063$746$518$257
30 years$1,964$1,408$990$685$468$225
31 years$1,880$1,331$923$629$423$198
32 years$1,802$1,260$861$578$383$173
33 years$1,728$1,193$804$532$346$152
34 years$1,659$1,131$751$489$313$134
35 years$1,594$1,072$703$450$284$117
36 years$1,533$1,018$657$415$257$103
37 years$1,475$967$615$382$233$91
38 years$1,420$919$576$352$211$80
39 years$1,368$874$540$325$192$70
40 years$1,319$831$506$300$174$61
41 years$1,273$791$474$276$158$54
42 years$1,229$753$445$255$143$47
43 years$1,187$718$418$235$130$42
44 years$1,147$684$392$217$118$37
45 years$1,108$653$368$201$107$32
46 years$1,072$623$346$185$97$28
47 years$1,037$594$325$171$88$25
48 years$1,004$567$305$158$80$22
49 years$973$542$287$146$73$19
50 years$942$517$270$135$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $965,000, adding $6,911 every year, while hoping to spend $55,302 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: 45/44/11 Blend
29$965,000$965,000$965,000$965,000
30$1,070,559$1,019,414$1,004,456$1,115,095
31$1,120,915$1,010,524$979,265$1,137,793
32$1,174,554$999,345$951,376$1,156,194
33$1,231,752$985,707$920,640$1,174,906
34$1,292,812$969,428$886,903$1,193,977
35$1,358,067$950,318$850,002$1,213,465
36$1,427,878$928,172$809,766$1,233,439
37$1,502,647$902,778$766,018$1,253,976
38$1,582,809$873,906$718,572$1,275,167
39$1,668,845$841,317$667,233$1,297,118
40$1,761,281$804,755$611,800$1,319,948
41$1,860,695$763,951$552,058$1,343,797
42$1,967,722$718,621$487,789$1,368,823
43$2,083,059$668,463$418,759$1,395,205
44$2,207,470$613,157$344,727$1,423,149
45$2,341,798$552,368$265,441$1,452,888
46$2,486,966$485,739$180,638$1,484,686
47$2,643,990$412,893$90,043$1,518,842
48$2,813,986$333,434$0$1,555,694
49$2,998,182$246,941$0$1,596,402
50$3,197,926$152,970$0$1,651,944
51$3,414,702$51,054$0$1,712,261
52$3,650,144$0$0$1,777,934
53$3,906,045$0$0$1,878,324
54$4,184,381$0$0$2,014,502
55$4,487,326$0$0$2,162,825
56$4,817,268$0$0$2,324,477
57$5,176,841$0$0$2,500,760
58$5,568,938$0$0$2,693,109
59$5,996,747$0$0$2,903,101
60$6,463,776$0$0$3,132,474
61$6,973,885$0$0$3,383,140
62$7,531,326$0$0$3,657,206
63$8,140,778$0$0$3,956,990
64$8,807,394$0$0$4,285,044
65$9,536,847$0$0$4,644,179
66$10,335,384$0$0$5,037,492
67$11,209,883$0$0$5,468,389
68$12,167,920$0$0$5,940,626
69$13,217,838$0$0$6,458,337
70$14,368,825$0$0$7,026,075
71$15,631,000$0$0$7,648,856
72$17,015,507$0$0$8,332,202
73$18,534,624$0$0$9,082,200
74$20,201,873$0$0$9,905,551
75$22,032,147$0$0$10,809,639
76$24,041,854$0$0$11,802,596
77$26,249,068$0$0$12,893,380
78$28,673,698$0$0$14,091,863
79$31,337,679$0$0$15,408,917
80$34,265,172$0$0$16,856,521
81$37,482,797$0$0$18,447,871
82$41,019,882$0$0$20,197,506
83$44,908,735$0$0$22,121,444
84$49,184,953$0$0$24,237,334
85$53,887,755$0$0$26,564,618
86$59,060,349$0$0$29,124,720
87$64,750,343$0$0$31,941,244
88$71,010,191$0$0$35,040,197
89$77,897,685$0$0$38,450,232
90$85,476,504$0$0$42,202,922
91$93,816,810$0$0$46,333,056
92$102,995,911$0$0$50,878,965
93$113,098,988$0$0$55,882,885
94$124,219,901$0$0$61,391,354
95$136,462,068$0$0$67,455,652
96$149,939,446$0$0$74,132,284
97$164,777,602$0$0$81,483,510
98$181,114,895$0$0$89,577,939
99$199,103,787$0$0$98,491,167
100$218,912,274$0$0$108,306,497