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%17.7%
1 years$79,854$79,143$78,449$77,771$77,110$74,701
2 years$39,532$38,795$38,082$37,390$36,719$34,314
3 years$26,093$25,353$24,642$23,956$23,296$20,970
4 years$19,374$18,637$17,933$17,259$16,615$14,385
5 years$15,345$14,612$13,917$13,257$12,630$10,504
6 years$12,659$11,932$11,247$10,601$9,994$7,972
7 years$10,741$10,020$9,346$8,716$8,128$6,210
8 years$9,304$8,589$7,926$7,312$6,743$4,928
9 years$8,186$7,478$6,827$6,228$5,678$3,965
10 years$7,293$6,592$5,952$5,369$4,838$3,223
11 years$6,562$5,868$5,240$4,672$4,161$2,642
12 years$5,954$5,267$4,650$4,098$3,606$2,179
13 years$5,440$4,760$4,155$3,618$3,144$1,806
14 years$4,999$4,327$3,733$3,212$2,756$1,504
15 years$4,618$3,952$3,370$2,864$2,427$1,256
16 years$4,284$3,626$3,056$2,565$2,145$1,052
17 years$3,990$3,340$2,781$2,304$1,902$883
18 years$3,729$3,086$2,538$2,077$1,691$743
19 years$3,496$2,860$2,324$1,876$1,507$626
20 years$3,287$2,658$2,133$1,699$1,346$528
21 years$3,097$2,476$1,962$1,542$1,205$446
22 years$2,925$2,311$1,808$1,402$1,080$377
23 years$2,768$2,161$1,669$1,277$969$319
24 years$2,625$2,025$1,544$1,165$871$270
25 years$2,493$1,900$1,430$1,064$784$229
26 years$2,372$1,786$1,326$973$706$194
27 years$2,259$1,681$1,231$890$637$164
28 years$2,155$1,584$1,145$816$575$139
29 years$2,059$1,494$1,065$748$519$118
30 years$1,968$1,411$992$687$469$100
31 years$1,884$1,334$925$631$424$85
32 years$1,806$1,262$863$579$383$72
33 years$1,732$1,195$806$533$347$61
34 years$1,662$1,133$753$490$314$52
35 years$1,597$1,075$704$451$285$44
36 years$1,536$1,020$659$416$258$38
37 years$1,478$969$616$383$234$32
38 years$1,423$921$577$353$212$27
39 years$1,371$875$541$325$192$23
40 years$1,322$833$507$300$174$20
41 years$1,275$793$475$277$158$17
42 years$1,231$755$446$256$143$14
43 years$1,189$719$418$236$130$12
44 years$1,149$686$393$218$118$10
45 years$1,111$654$369$201$107$9
46 years$1,074$624$346$186$97$7
47 years$1,040$595$325$172$88$6
48 years$1,006$568$306$159$80$5
49 years$975$543$287$147$73$5
50 years$944$518$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $967,000, adding $3,457 every year, while hoping to spend $59,429 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: 52/26/22 Blend
29$967,000$967,000$967,000$967,000
30$1,069,200$1,017,949$1,002,960$1,118,112
31$1,115,026$1,004,596$973,328$1,138,879
32$1,163,535$988,598$940,710$1,155,043
33$1,214,937$969,761$904,946$1,171,379
34$1,269,463$947,881$865,864$1,187,926
35$1,327,365$922,744$823,287$1,204,729
36$1,388,918$894,120$777,028$1,221,842
37$1,454,423$861,767$726,894$1,239,326
38$1,524,210$825,430$672,681$1,257,256
39$1,598,641$784,838$614,178$1,275,716
40$1,678,112$739,704$551,162$1,294,804
41$1,763,055$689,725$483,401$1,314,635
42$1,853,946$634,582$410,655$1,335,338
43$1,951,307$573,934$332,670$1,357,062
44$2,055,709$507,425$249,183$1,379,977
45$2,167,778$434,676$159,918$1,404,278
46$2,288,204$355,288$64,588$1,430,184
47$2,417,742$268,838$0$1,457,946
48$2,557,221$174,880$0$1,496,565
49$2,707,552$72,944$0$1,554,388
50$2,869,736$0$0$1,616,676
51$3,044,872$0$0$1,694,633
52$3,234,169$0$0$1,801,526
53$3,438,953$0$0$1,917,245
54$3,660,685$0$0$2,042,624
55$3,900,969$0$0$2,178,580
56$4,161,569$0$0$2,326,124
57$4,444,425$0$0$2,486,365
58$4,751,671$0$0$2,660,525
59$5,085,654$0$0$2,849,946
60$5,448,957$0$0$3,056,107
61$5,844,421$0$0$3,280,633
62$6,275,172$0$0$3,525,314
63$6,744,650$0$0$3,792,120
64$7,256,642$0$0$4,083,217
65$7,815,313$0$0$4,400,991
66$8,425,252$0$0$4,748,069
67$9,091,507$0$0$5,127,342
68$9,819,636$0$0$5,541,992
69$10,615,760$0$0$5,995,524
70$11,486,616$0$0$6,491,795
71$12,439,622$0$0$7,035,056
72$13,482,949$0$0$7,629,983
73$14,625,591$0$0$8,281,730
74$15,877,455$0$0$8,995,969
75$17,249,451$0$0$9,778,951
76$18,753,594$0$0$10,637,556
77$20,403,117$0$0$11,579,366
78$22,212,597$0$0$12,612,728
79$24,198,087$0$0$13,746,840
80$26,377,271$0$0$14,991,831
81$28,769,628$0$0$16,358,860
82$31,396,614$0$0$17,860,219
83$34,281,866$0$0$19,509,448
84$37,451,422$0$0$21,321,464
85$40,933,965$0$0$23,312,700
86$44,761,097$0$0$25,501,260
87$48,967,630$0$0$27,907,090
88$53,591,918$0$0$30,552,162
89$58,676,216$0$0$33,460,686
90$64,267,076$0$0$36,659,334
91$70,415,789$0$0$40,177,492
92$77,178,866$0$0$44,047,538
93$84,618,567$0$0$48,305,145
94$92,803,493$0$0$52,989,618
95$101,809,227$0$0$58,144,263
96$111,719,048$0$0$63,816,797
97$122,624,718$0$0$70,059,798
98$134,627,342$0$0$76,931,195
99$147,838,322$0$0$84,494,822
100$162,380,411$0$0$92,821,014