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%19.2%
1 years$79,771$79,061$78,368$77,691$77,030$74,179
2 years$39,491$38,755$38,043$37,351$36,681$33,841
3 years$26,066$25,327$24,616$23,931$23,272$20,532
4 years$19,354$18,618$17,914$17,241$16,598$13,979
5 years$15,329$14,597$13,902$13,243$12,617$10,126
6 years$12,646$11,919$11,235$10,590$9,984$7,622
7 years$10,730$10,010$9,336$8,707$8,119$5,887
8 years$9,294$8,580$7,918$7,304$6,736$4,631
9 years$8,178$7,471$6,820$6,221$5,673$3,691
10 years$7,285$6,585$5,946$5,363$4,833$2,973
11 years$6,555$5,862$5,234$4,667$4,157$2,413
12 years$5,948$5,262$4,645$4,094$3,602$1,970
13 years$5,434$4,755$4,150$3,614$3,141$1,617
14 years$4,994$4,322$3,729$3,208$2,754$1,332
15 years$4,613$3,948$3,367$2,861$2,424$1,101
16 years$4,280$3,623$3,053$2,562$2,143$912
17 years$3,986$3,336$2,778$2,302$1,900$758
18 years$3,725$3,083$2,536$2,075$1,689$630
19 years$3,493$2,857$2,321$1,874$1,506$525
20 years$3,283$2,655$2,130$1,698$1,345$438
21 years$3,094$2,473$1,960$1,541$1,204$365
22 years$2,922$2,308$1,806$1,401$1,079$305
23 years$2,766$2,159$1,668$1,276$968$255
24 years$2,622$2,023$1,542$1,164$870$214
25 years$2,490$1,898$1,428$1,063$783$179
26 years$2,369$1,784$1,325$972$706$150
27 years$2,257$1,679$1,230$889$636$125
28 years$2,153$1,582$1,144$815$574$105
29 years$2,056$1,493$1,064$747$518$88
30 years$1,966$1,410$991$686$468$74
31 years$1,882$1,333$924$630$423$62
32 years$1,804$1,261$862$579$383$52
33 years$1,730$1,194$805$532$347$43
34 years$1,661$1,132$752$490$314$36
35 years$1,596$1,073$703$451$284$31
36 years$1,534$1,019$658$415$258$26
37 years$1,476$968$616$383$233$21
38 years$1,422$920$577$353$212$18
39 years$1,370$874$540$325$192$15
40 years$1,321$832$506$300$174$13
41 years$1,274$792$475$277$158$11
42 years$1,230$754$445$255$143$9
43 years$1,188$719$418$236$130$7
44 years$1,148$685$392$218$118$6
45 years$1,110$653$368$201$107$5
46 years$1,073$623$346$186$97$4
47 years$1,038$595$325$172$88$4
48 years$1,005$568$305$159$80$3
49 years$974$542$287$146$73$3
50 years$943$518$270$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $966,000, adding $2,733 every year, while hoping to spend $50,318 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: 51/28/21 Blend
29$966,000$966,000$966,000$966,000
30$1,067,351$1,016,153$1,001,180$1,115,423
31$1,122,683$1,012,407$981,182$1,145,181
32$1,181,972$1,006,790$958,827$1,172,124
33$1,245,569$999,159$933,984$1,200,361
34$1,313,859$989,359$906,514$1,230,031
35$1,387,264$977,229$876,273$1,261,294
36$1,466,246$962,594$843,109$1,294,327
37$1,551,315$945,274$806,866$1,329,327
38$1,643,030$925,073$767,377$1,366,517
39$1,742,005$901,787$724,469$1,406,143
40$1,848,914$875,199$677,963$1,448,482
41$1,964,498$845,079$627,670$1,493,843
42$2,089,571$811,182$573,392$1,542,568
43$2,225,031$773,253$514,923$1,595,041
44$2,371,860$731,019$452,049$1,651,689
45$2,531,142$684,191$384,545$1,712,987
46$2,704,067$632,465$312,176$1,779,465
47$2,891,946$575,520$234,698$1,851,710
48$3,096,217$513,013$151,854$1,930,377
49$3,318,468$444,587$63,377$2,016,193
50$3,560,440$369,861$0$2,109,967
51$3,824,054$288,433$0$2,219,552
52$4,111,420$199,879$0$2,354,595
53$4,424,864$103,751$0$2,502,055
54$4,766,942$0$0$2,663,231
55$5,140,470$0$0$2,839,686
56$5,548,548$0$0$3,067,480
57$5,994,588$0$0$3,316,559
58$6,482,347$0$0$3,589,035
59$7,015,961$0$0$3,887,231
60$7,599,985$0$0$4,213,703
61$8,239,433$0$0$4,571,271
62$8,939,830$0$0$4,963,035
63$9,707,256$0$0$5,392,412
64$10,548,410$0$0$5,863,164
65$11,470,668$0$0$6,379,436
66$12,482,156$0$0$6,945,793
67$13,591,822$0$0$7,567,260
68$14,809,523$0$0$8,249,377
69$16,146,118$0$0$8,998,242
70$17,613,564$0$0$9,820,576
71$19,225,037$0$0$10,723,781
72$20,995,049$0$0$11,716,009
73$22,939,588$0$0$12,806,244
74$25,076,266$0$0$14,004,383
75$27,424,485$0$0$15,321,326
76$30,005,621$0$0$16,769,085
77$32,843,225$0$0$18,360,893
78$35,963,240$0$0$20,111,328
79$39,394,252$0$0$22,036,452
80$43,167,755$0$0$24,153,963
81$47,318,446$0$0$26,483,358
82$51,884,556$0$0$29,046,121
83$56,908,208$0$0$31,865,922
84$62,435,813$0$0$34,968,841
85$68,518,506$0$0$38,383,614
86$75,212,633$0$0$42,141,905
87$82,580,276$0$0$46,278,601
88$90,689,841$0$0$50,832,144
89$99,616,703$0$0$55,844,892
90$109,443,914$0$0$61,363,518
91$120,262,989$0$0$67,439,451
92$132,174,767$0$0$74,129,360
93$145,290,363$0$0$81,495,689
94$159,732,214$0$0$89,607,245
95$175,635,234$0$0$98,539,848
96$193,148,087$0$0$108,377,046
97$212,434,590$0$0$119,210,901
98$233,675,256$0$0$131,142,860
99$257,068,999$0$0$144,284,712
100$282,835,009$0$0$158,759,638