Can I retire at age 30 with 967,000?

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 $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%13%
1 years$79,854$79,143$78,449$77,771$77,110$76,146
2 years$39,532$38,795$38,082$37,390$36,719$35,749
3 years$26,093$25,353$24,642$23,956$23,296$22,351
4 years$19,374$18,637$17,933$17,259$16,615$15,701
5 years$15,345$14,612$13,917$13,257$12,630$11,750
6 years$12,659$11,932$11,247$10,601$9,994$9,149
7 years$10,741$10,020$9,346$8,716$8,128$7,318
8 years$9,304$8,589$7,926$7,312$6,743$5,969
9 years$8,186$7,478$6,827$6,228$5,678$4,940
10 years$7,293$6,592$5,952$5,369$4,838$4,134
11 years$6,562$5,868$5,240$4,672$4,161$3,491
12 years$5,954$5,267$4,650$4,098$3,606$2,969
13 years$5,440$4,760$4,155$3,618$3,144$2,540
14 years$4,999$4,327$3,733$3,212$2,756$2,183
15 years$4,618$3,952$3,370$2,864$2,427$1,884
16 years$4,284$3,626$3,056$2,565$2,145$1,632
17 years$3,990$3,340$2,781$2,304$1,902$1,417
18 years$3,729$3,086$2,538$2,077$1,691$1,234
19 years$3,496$2,860$2,324$1,876$1,507$1,076
20 years$3,287$2,658$2,133$1,699$1,346$941
21 years$3,097$2,476$1,962$1,542$1,205$823
22 years$2,925$2,311$1,808$1,402$1,080$722
23 years$2,768$2,161$1,669$1,277$969$633
24 years$2,625$2,025$1,544$1,165$871$556
25 years$2,493$1,900$1,430$1,064$784$489
26 years$2,372$1,786$1,326$973$706$431
27 years$2,259$1,681$1,231$890$637$379
28 years$2,155$1,584$1,145$816$575$334
29 years$2,059$1,494$1,065$748$519$294
30 years$1,968$1,411$992$687$469$260
31 years$1,884$1,334$925$631$424$229
32 years$1,806$1,262$863$579$383$202
33 years$1,732$1,195$806$533$347$179
34 years$1,662$1,133$753$490$314$158
35 years$1,597$1,075$704$451$285$139
36 years$1,536$1,020$659$416$258$123
37 years$1,478$969$616$383$234$109
38 years$1,423$921$577$353$212$96
39 years$1,371$875$541$325$192$85
40 years$1,322$833$507$300$174$75
41 years$1,275$793$475$277$158$66
42 years$1,231$755$446$256$143$59
43 years$1,189$719$418$236$130$52
44 years$1,149$686$393$218$118$46
45 years$1,111$654$369$201$107$41
46 years$1,074$624$346$186$97$36
47 years$1,040$595$325$172$88$32
48 years$1,006$568$306$159$80$28
49 years$975$543$287$147$73$25
50 years$944$518$270$136$66$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $967,000, adding $6,922 every year, while hoping to spend $40,160 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: 53/35/12 Blend
29$967,000$967,000$967,000$967,000
30$1,072,774$1,021,523$1,006,535$1,125,910
31$1,139,467$1,028,848$997,524$1,170,186
32$1,211,617$1,035,185$986,865$1,213,432
33$1,289,737$1,040,445$974,460$1,259,556
34$1,374,394$1,044,531$960,208$1,308,841
35$1,466,209$1,047,339$944,002$1,361,599
36$1,565,865$1,048,761$925,728$1,418,174
37$1,674,113$1,048,681$905,271$1,478,950
38$1,791,783$1,046,976$882,507$1,544,348
39$1,919,782$1,043,515$857,308$1,614,837
40$2,059,111$1,038,159$829,540$1,690,934
41$2,210,873$1,030,762$799,062$1,773,210
42$2,376,280$1,021,166$765,728$1,862,298
43$2,556,665$1,009,208$729,384$1,958,898
44$2,753,496$994,710$689,870$2,063,783
45$2,968,389$977,488$647,017$2,177,807
46$3,203,124$957,344$600,651$2,301,917
47$3,459,658$934,069$550,589$2,437,155
48$3,740,148$907,444$496,639$2,584,678
49$4,046,968$877,233$438,600$2,745,761
50$4,382,730$843,189$376,266$2,921,814
51$4,750,315$805,051$309,416$3,114,395
52$5,152,890$762,542$237,825$3,325,225
53$5,593,946$715,368$161,253$3,556,206
54$6,077,327$663,219$79,454$3,809,439
55$6,607,266$605,769$0$4,087,243
56$7,188,425$542,669$0$4,393,186
57$7,825,940$473,556$0$4,740,015
58$8,525,467$398,041$0$5,120,708
59$9,293,235$315,716$0$5,538,754
60$10,136,109$226,150$0$5,998,002
61$11,061,647$128,886$0$6,502,700
62$12,078,177$23,443$0$7,057,535
63$13,194,873$0$0$7,667,678
64$14,421,840$0$0$8,373,761
65$15,770,213$0$0$9,159,733
66$17,252,256$0$0$10,023,728
67$18,881,482$0$0$10,973,636
68$20,672,778$0$0$12,018,151
69$22,642,546$0$0$13,166,850
70$24,808,856$0$0$14,430,285
71$27,191,618$0$0$15,820,085
72$29,812,768$0$0$17,349,058
73$32,696,475$0$0$19,031,319
74$35,869,368$0$0$20,882,420
75$39,360,789$0$0$22,919,495
76$43,203,066$0$0$25,161,424
77$47,431,821$0$0$27,629,010
78$52,086,304$0$0$30,345,175
79$57,209,761$0$0$33,335,177
80$62,849,847$0$0$36,626,844
81$69,059,069$0$0$40,250,843
82$75,895,285$0$0$44,240,965
83$83,422,250$0$0$48,634,441
84$91,710,213$0$0$53,472,300
85$100,836,583$0$0$58,799,751
86$110,886,659$0$0$64,666,610
87$121,954,432$0$0$71,127,771
88$134,143,474$0$0$78,243,724
89$147,567,914$0$0$86,081,122
90$162,353,513$0$0$94,713,416
91$178,638,854$0$0$104,221,543
92$196,576,646$0$0$114,694,691
93$216,335,167$0$0$126,231,140
94$238,099,850$0$0$138,939,190
95$262,075,032$0$0$152,938,185
96$288,485,887$0$0$168,359,634
97$317,580,544$0$0$185,348,457
98$349,632,433$0$0$204,064,347
99$384,942,862$0$0$224,683,284
100$423,843,864$0$0$247,399,191