Can I retire at age 30 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$79,854$79,143$78,449$77,771$77,110$74,080
2 years$39,532$38,795$38,082$37,390$36,719$33,703
3 years$26,093$25,353$24,642$23,956$23,296$20,390
4 years$19,374$18,637$17,933$17,259$16,615$13,840
5 years$15,345$14,612$13,917$13,257$12,630$9,994
6 years$12,659$11,932$11,247$10,601$9,994$7,498
7 years$10,741$10,020$9,346$8,716$8,128$5,771
8 years$9,304$8,589$7,926$7,312$6,743$4,523
9 years$8,186$7,478$6,827$6,228$5,678$3,592
10 years$7,293$6,592$5,952$5,369$4,838$2,882
11 years$6,562$5,868$5,240$4,672$4,161$2,330
12 years$5,954$5,267$4,650$4,098$3,606$1,895
13 years$5,440$4,760$4,155$3,618$3,144$1,549
14 years$4,999$4,327$3,733$3,212$2,756$1,271
15 years$4,618$3,952$3,370$2,864$2,427$1,046
16 years$4,284$3,626$3,056$2,565$2,145$863
17 years$3,990$3,340$2,781$2,304$1,902$713
18 years$3,729$3,086$2,538$2,077$1,691$591
19 years$3,496$2,860$2,324$1,876$1,507$490
20 years$3,287$2,658$2,133$1,699$1,346$407
21 years$3,097$2,476$1,962$1,542$1,205$338
22 years$2,925$2,311$1,808$1,402$1,080$281
23 years$2,768$2,161$1,669$1,277$969$234
24 years$2,625$2,025$1,544$1,165$871$195
25 years$2,493$1,900$1,430$1,064$784$162
26 years$2,372$1,786$1,326$973$706$135
27 years$2,259$1,681$1,231$890$637$113
28 years$2,155$1,584$1,145$816$575$94
29 years$2,059$1,494$1,065$748$519$78
30 years$1,968$1,411$992$687$469$65
31 years$1,884$1,334$925$631$424$54
32 years$1,806$1,262$863$579$383$45
33 years$1,732$1,195$806$533$347$38
34 years$1,662$1,133$753$490$314$32
35 years$1,597$1,075$704$451$285$26
36 years$1,536$1,020$659$416$258$22
37 years$1,478$969$616$383$234$18
38 years$1,423$921$577$353$212$15
39 years$1,371$875$541$325$192$13
40 years$1,322$833$507$300$174$11
41 years$1,275$793$475$277$158$9
42 years$1,231$755$446$256$143$7
43 years$1,189$719$418$236$130$6
44 years$1,149$686$393$218$118$5
45 years$1,111$654$369$201$107$4
46 years$1,074$624$346$186$97$4
47 years$1,040$595$325$172$88$3
48 years$1,006$568$306$159$80$3
49 years$975$543$287$147$73$2
50 years$944$518$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $967,000, adding $6,646 every year, while hoping to spend $54,359 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: 43/39/18 Blend
29$967,000$967,000$967,000$967,000
30$1,072,489$1,021,238$1,006,250$1,112,728
31$1,124,046$1,013,441$982,122$1,133,944
32$1,179,039$1,003,441$955,363$1,151,060
33$1,237,762$991,071$925,829$1,168,461
34$1,300,537$976,156$893,367$1,186,201
35$1,367,715$958,511$857,818$1,204,340
36$1,439,682$937,939$819,016$1,222,950
37$1,516,863$914,231$776,786$1,242,114
38$1,599,722$887,167$730,948$1,261,930
39$1,688,769$856,513$681,310$1,282,507
40$1,784,564$822,023$627,674$1,303,973
41$1,887,721$783,433$569,832$1,326,474
42$1,998,916$740,469$507,569$1,350,176
43$2,118,890$692,837$440,658$1,375,269
44$2,248,458$640,227$368,861$1,401,970
45$2,388,516$582,313$291,933$1,430,521
46$2,540,047$518,749$209,615$1,461,201
47$2,704,133$449,169$121,638$1,494,323
48$2,881,963$373,187$27,722$1,530,240
49$3,074,846$290,396$0$1,569,351
50$3,284,218$200,363$0$1,626,028
51$3,511,663$102,635$0$1,693,439
52$3,758,918$0$0$1,766,881
53$4,027,900$0$0$1,848,455
54$4,320,713$0$0$1,985,311
55$4,639,675$0$0$2,134,498
56$4,987,336$0$0$2,297,223
57$5,366,502$0$0$2,474,814
58$5,780,263$0$0$2,668,731
59$6,232,019$0$0$2,880,586
60$6,725,511$0$0$3,112,148
61$7,264,862$0$0$3,365,368
62$7,854,607$0$0$3,642,394
63$8,499,740$0$0$3,945,590
64$9,205,762$0$0$4,277,560
65$9,978,729$0$0$4,641,170
66$10,825,308$0$0$5,039,579
67$11,752,844$0$0$5,476,263
68$12,769,425$0$0$5,955,052
69$13,883,957$0$0$6,480,164
70$15,106,251$0$0$7,056,245
71$16,447,112$0$0$7,688,413
72$17,918,441$0$0$8,382,302
73$19,533,348$0$0$9,144,124
74$21,306,274$0$0$9,980,716
75$23,253,125$0$0$10,899,613
76$25,391,423$0$0$11,909,115
77$27,740,471$0$0$13,018,365
78$30,321,535$0$0$14,237,436
79$33,158,041$0$0$15,577,424
80$36,275,797$0$0$17,050,557
81$39,703,237$0$0$18,670,302
82$43,471,686$0$0$20,451,500
83$47,615,656$0$0$22,410,500
84$52,173,172$0$0$24,565,315
85$57,186,127$0$0$26,935,794
86$62,700,679$0$0$29,543,804
87$68,767,685$0$0$32,413,437
88$75,443,179$0$0$35,571,243
89$82,788,901$0$0$39,046,472
90$90,872,877$0$0$42,871,353
91$99,770,064$0$0$47,081,399
92$109,563,051$0$0$51,715,741
93$120,342,840$0$0$56,817,495
94$132,209,705$0$0$62,434,171
95$145,274,135$0$0$68,618,118
96$159,657,877$0$0$75,427,021
97$175,495,082$0$0$82,924,442
98$192,933,574$0$0$91,180,423
99$212,136,238$0$0$100,272,140
100$233,282,562$0$0$110,284,639