Can I retire at age 30 with 966,000?

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 $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%12.1%
1 years$79,771$79,061$78,368$77,691$77,030$76,353
2 years$39,491$38,755$38,043$37,351$36,681$35,999
3 years$26,066$25,327$24,616$23,931$23,272$22,605
4 years$19,354$18,618$17,914$17,241$16,598$15,952
5 years$15,329$14,597$13,902$13,243$12,617$11,995
6 years$12,646$11,919$11,235$10,590$9,984$9,385
7 years$10,730$10,010$9,336$8,707$8,119$7,545
8 years$9,294$8,580$7,918$7,304$6,736$6,185
9 years$8,178$7,471$6,820$6,221$5,673$5,146
10 years$7,285$6,585$5,946$5,363$4,833$4,330
11 years$6,555$5,862$5,234$4,667$4,157$3,677
12 years$5,948$5,262$4,645$4,094$3,602$3,145
13 years$5,434$4,755$4,150$3,614$3,141$2,706
14 years$4,994$4,322$3,729$3,208$2,754$2,340
15 years$4,613$3,948$3,367$2,861$2,424$2,032
16 years$4,280$3,623$3,053$2,562$2,143$1,770
17 years$3,986$3,336$2,778$2,302$1,900$1,547
18 years$3,725$3,083$2,536$2,075$1,689$1,356
19 years$3,493$2,857$2,321$1,874$1,506$1,191
20 years$3,283$2,655$2,130$1,698$1,345$1,047
21 years$3,094$2,473$1,960$1,541$1,204$923
22 years$2,922$2,308$1,806$1,401$1,079$815
23 years$2,766$2,159$1,668$1,276$968$720
24 years$2,622$2,023$1,542$1,164$870$637
25 years$2,490$1,898$1,428$1,063$783$564
26 years$2,369$1,784$1,325$972$706$500
27 years$2,257$1,679$1,230$889$636$443
28 years$2,153$1,582$1,144$815$574$393
29 years$2,056$1,493$1,064$747$518$349
30 years$1,966$1,410$991$686$468$310
31 years$1,882$1,333$924$630$423$276
32 years$1,804$1,261$862$579$383$245
33 years$1,730$1,194$805$532$347$218
34 years$1,661$1,132$752$490$314$194
35 years$1,596$1,073$703$451$284$173
36 years$1,534$1,019$658$415$258$154
37 years$1,476$968$616$383$233$137
38 years$1,422$920$577$353$212$122
39 years$1,370$874$540$325$192$109
40 years$1,321$832$506$300$174$97
41 years$1,274$792$475$277$158$86
42 years$1,230$754$445$255$143$77
43 years$1,188$719$418$236$130$69
44 years$1,148$685$392$218$118$61
45 years$1,110$653$368$201$107$54
46 years$1,073$623$346$186$97$49
47 years$1,038$595$325$172$88$43
48 years$1,005$568$305$159$80$39
49 years$974$542$287$146$73$34
50 years$943$518$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 $966,000, adding $3,865 every year, while hoping to spend $33,414 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: 45/41/14 Blend
29$966,000$966,000$966,000$966,000
30$1,068,519$1,017,321$1,002,348$1,112,166
31$1,141,955$1,031,617$1,000,374$1,157,241
32$1,221,763$1,045,494$997,215$1,202,408
33$1,308,555$1,058,896$992,794$1,250,654
34$1,403,009$1,071,763$987,034$1,302,279
35$1,505,868$1,084,032$979,851$1,357,611
36$1,617,951$1,095,634$971,161$1,417,014
37$1,740,158$1,106,496$960,871$1,480,893
38$1,873,482$1,116,542$948,888$1,549,690
39$2,019,013$1,125,689$935,112$1,623,898
40$2,177,953$1,133,848$919,439$1,704,059
41$2,351,625$1,140,927$901,760$1,790,774
42$2,541,484$1,146,826$881,962$1,884,706
43$2,749,133$1,151,438$859,926$1,986,586
44$2,976,338$1,154,652$835,527$2,097,223
45$3,225,042$1,156,347$808,634$2,217,512
46$3,497,385$1,156,397$779,112$2,348,439
47$3,795,723$1,154,665$746,817$2,491,093
48$4,122,652$1,151,009$711,601$2,646,680
49$4,481,031$1,145,277$673,308$2,816,528
50$4,874,008$1,137,307$631,775$3,002,106
51$5,305,049$1,126,927$586,832$3,205,035
52$5,777,974$1,113,957$538,301$3,427,105
53$6,296,989$1,098,203$485,996$3,670,293
54$6,866,728$1,079,461$429,723$3,936,781
55$7,492,295$1,057,515$369,280$4,228,977
56$8,179,313$1,032,137$304,454$4,549,541
57$8,933,975$1,003,084$235,025$4,901,408
58$9,763,104$970,098$160,762$5,287,819
59$10,674,216$932,909$81,424$5,712,348
60$11,675,594$891,229$0$6,178,944
61$12,776,359$844,754$0$6,692,445
62$13,986,562$793,162$0$7,270,186
63$15,317,278$736,113$0$7,905,334
64$16,780,705$673,247$0$8,603,786
65$18,390,285$604,184$0$9,372,043
66$20,160,827$528,523$0$10,217,276
67$22,108,649$445,838$0$11,147,394
68$24,251,729$355,681$0$12,171,118
69$26,609,874$257,579$0$13,298,068
70$29,204,912$151,030$0$14,538,853
71$32,060,889$35,507$0$15,905,168
72$35,204,303$0$0$17,409,916
73$38,664,352$0$0$19,107,721
74$42,473,206$0$0$20,994,455
75$46,666,314$0$0$23,071,675
76$51,282,735$0$0$25,358,748
77$56,365,509$0$0$27,877,016
78$61,962,062$0$0$30,649,996
79$68,124,653$0$0$33,703,599
80$74,910,865$0$0$37,066,381
81$82,384,152$0$0$40,769,803
82$90,614,435$0$0$44,848,539
83$99,678,759$0$0$49,340,792
84$109,662,027$0$0$54,288,662
85$120,657,794$0$0$59,738,542
86$132,769,151$0$0$65,741,551
87$146,109,701$0$0$72,354,021
88$160,804,627$0$0$79,638,029
89$176,991,875$0$0$87,661,978
90$194,823,455$0$0$96,501,248
91$214,466,877$0$0$106,238,902
92$236,106,728$0$0$116,966,474
93$259,946,416$0$0$128,784,832
94$286,210,092$0$0$141,805,127
95$315,144,761$0$0$156,149,846
96$347,022,616$0$0$171,953,965
97$382,143,603$0$0$189,366,225
98$420,838,259$0$0$208,550,533
99$463,470,825$0$0$229,687,512
100$510,442,684$0$0$252,976,206