Can I retire at age 30 with 966,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,771$79,061$78,368$77,691$77,030$74,624
2 years$39,491$38,755$38,043$37,351$36,681$34,278
3 years$26,066$25,327$24,616$23,931$23,272$20,948
4 years$19,354$18,618$17,914$17,241$16,598$14,371
5 years$15,329$14,597$13,902$13,243$12,617$10,493
6 years$12,646$11,919$11,235$10,590$9,984$7,963
7 years$10,730$10,010$9,336$8,707$8,119$6,203
8 years$9,294$8,580$7,918$7,304$6,736$4,923
9 years$8,178$7,471$6,820$6,221$5,673$3,961
10 years$7,285$6,585$5,946$5,363$4,833$3,220
11 years$6,555$5,862$5,234$4,667$4,157$2,639
12 years$5,948$5,262$4,645$4,094$3,602$2,177
13 years$5,434$4,755$4,150$3,614$3,141$1,805
14 years$4,994$4,322$3,729$3,208$2,754$1,502
15 years$4,613$3,948$3,367$2,861$2,424$1,255
16 years$4,280$3,623$3,053$2,562$2,143$1,051
17 years$3,986$3,336$2,778$2,302$1,900$883
18 years$3,725$3,083$2,536$2,075$1,689$742
19 years$3,493$2,857$2,321$1,874$1,506$625
20 years$3,283$2,655$2,130$1,698$1,345$528
21 years$3,094$2,473$1,960$1,541$1,204$446
22 years$2,922$2,308$1,806$1,401$1,079$377
23 years$2,766$2,159$1,668$1,276$968$319
24 years$2,622$2,023$1,542$1,164$870$270
25 years$2,490$1,898$1,428$1,063$783$229
26 years$2,369$1,784$1,325$972$706$194
27 years$2,257$1,679$1,230$889$636$164
28 years$2,153$1,582$1,144$815$574$139
29 years$2,056$1,493$1,064$747$518$118
30 years$1,966$1,410$991$686$468$100
31 years$1,882$1,333$924$630$423$85
32 years$1,804$1,261$862$579$383$72
33 years$1,730$1,194$805$532$347$61
34 years$1,661$1,132$752$490$314$52
35 years$1,596$1,073$703$451$284$44
36 years$1,534$1,019$658$415$258$38
37 years$1,476$968$616$383$233$32
38 years$1,422$920$577$353$212$27
39 years$1,370$874$540$325$192$23
40 years$1,321$832$506$300$174$20
41 years$1,274$792$475$277$158$17
42 years$1,230$754$445$255$143$14
43 years$1,188$719$418$236$130$12
44 years$1,148$685$392$218$118$10
45 years$1,110$653$368$201$107$9
46 years$1,073$623$346$186$97$7
47 years$1,038$595$325$172$88$6
48 years$1,005$568$305$159$80$5
49 years$974$542$287$146$73$4
50 years$943$518$270$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $966,000, adding $5,379 every year, while hoping to spend $38,650 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: 55/30/15 Blend
29$966,000$966,000$966,000$966,000
30$1,070,080$1,018,882$1,003,909$1,124,428
31$1,138,105$1,027,684$996,417$1,170,806
32$1,211,773$1,035,622$987,378$1,216,651
33$1,291,619$1,042,613$976,701$1,265,692
34$1,378,231$1,048,568$964,287$1,318,241
35$1,472,256$1,053,393$950,036$1,374,646
36$1,574,405$1,056,988$933,841$1,435,291
37$1,685,460$1,059,246$915,590$1,500,598
38$1,806,283$1,060,055$895,168$1,571,035
39$1,937,820$1,059,294$872,453$1,647,121
40$2,081,114$1,056,835$847,316$1,729,426
41$2,237,311$1,052,544$819,625$1,818,584
42$2,407,674$1,046,275$789,239$1,915,292
43$2,593,592$1,037,878$756,014$2,020,321
44$2,796,594$1,027,190$719,796$2,134,525
45$3,018,363$1,014,039$680,426$2,258,845
46$3,260,754$998,244$637,738$2,394,321
47$3,525,805$979,613$591,556$2,542,102
48$3,815,764$957,941$541,701$2,703,459
49$4,133,104$933,012$487,980$2,879,792
50$4,480,549$904,598$430,195$3,072,650
51$4,861,099$872,457$368,140$3,283,743
52$5,278,055$836,332$301,598$3,514,959
53$5,735,057$795,952$230,341$3,768,382
54$6,236,110$751,031$154,135$4,046,314
55$6,785,627$701,265$72,732$4,351,295
56$7,388,467$646,333$0$4,686,132
57$8,049,985$585,898$0$5,056,183
58$8,776,076$519,599$0$5,475,173
59$9,573,236$447,060$0$5,935,266
60$10,448,619$367,878$0$6,440,673
61$11,410,106$281,633$0$6,996,037
62$12,466,381$187,877$0$7,606,480
63$13,627,008$86,139$0$8,277,651
64$14,902,525$0$0$9,015,779
65$16,304,539$0$0$9,835,684
66$17,845,840$0$0$10,768,402
67$19,540,518$0$0$11,794,035
68$21,404,098$0$0$12,921,992
69$23,453,681$0$0$14,162,637
70$25,708,112$0$0$15,527,390
71$28,188,154$0$0$17,028,833
72$30,916,680$0$0$18,680,829
73$33,918,897$0$0$20,498,652
74$37,222,574$0$0$22,499,134
75$40,858,310$0$0$24,700,817
76$44,859,822$0$0$27,124,136
77$49,264,257$0$0$29,791,604
78$54,112,549$0$0$32,728,029
79$59,449,803$0$0$35,960,747
80$65,325,717$0$0$39,519,877
81$71,795,052$0$0$43,438,609
82$78,918,153$0$0$47,753,514
83$86,761,510$0$0$52,504,892
84$95,398,391$0$0$57,737,145
85$104,909,531$0$0$63,499,207
86$115,383,893$0$0$69,844,994
87$126,919,508$0$0$76,833,921
88$139,624,399$0$0$84,531,458
89$153,617,601$0$0$93,009,749
90$169,030,282$0$0$102,348,292
91$186,006,983$0$0$112,634,690
92$204,706,979$0$0$123,965,477
93$225,305,783$0$0$136,447,029
94$247,996,805$0$0$150,196,566
95$272,993,171$0$0$165,343,263
96$300,529,738$0$0$182,029,463
97$330,865,309$0$0$200,412,022
98$364,285,078$0$0$220,663,792
99$401,103,315$0$0$242,975,250
100$441,666,339$0$0$267,556,294