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%12.8%
1 years$79,854$79,143$78,449$77,771$77,110$76,210
2 years$39,532$38,795$38,082$37,390$36,719$35,813
3 years$26,093$25,353$24,642$23,956$23,296$22,412
4 years$19,374$18,637$17,933$17,259$16,615$15,760
5 years$15,345$14,612$13,917$13,257$12,630$11,807
6 years$12,659$11,932$11,247$10,601$9,994$9,203
7 years$10,741$10,020$9,346$8,716$8,128$7,370
8 years$9,304$8,589$7,926$7,312$6,743$6,018
9 years$8,186$7,478$6,827$6,228$5,678$4,986
10 years$7,293$6,592$5,952$5,369$4,838$4,178
11 years$6,562$5,868$5,240$4,672$4,161$3,532
12 years$5,954$5,267$4,650$4,098$3,606$3,008
13 years$5,440$4,760$4,155$3,618$3,144$2,576
14 years$4,999$4,327$3,733$3,212$2,756$2,217
15 years$4,618$3,952$3,370$2,864$2,427$1,916
16 years$4,284$3,626$3,056$2,565$2,145$1,662
17 years$3,990$3,340$2,781$2,304$1,902$1,445
18 years$3,729$3,086$2,538$2,077$1,691$1,260
19 years$3,496$2,860$2,324$1,876$1,507$1,101
20 years$3,287$2,658$2,133$1,699$1,346$964
21 years$3,097$2,476$1,962$1,542$1,205$845
22 years$2,925$2,311$1,808$1,402$1,080$742
23 years$2,768$2,161$1,669$1,277$969$652
24 years$2,625$2,025$1,544$1,165$871$574
25 years$2,493$1,900$1,430$1,064$784$505
26 years$2,372$1,786$1,326$973$706$445
27 years$2,259$1,681$1,231$890$637$393
28 years$2,155$1,584$1,145$816$575$347
29 years$2,059$1,494$1,065$748$519$306
30 years$1,968$1,411$992$687$469$270
31 years$1,884$1,334$925$631$424$239
32 years$1,806$1,262$863$579$383$211
33 years$1,732$1,195$806$533$347$187
34 years$1,662$1,133$753$490$314$165
35 years$1,597$1,075$704$451$285$146
36 years$1,536$1,020$659$416$258$129
37 years$1,478$969$616$383$234$115
38 years$1,423$921$577$353$212$101
39 years$1,371$875$541$325$192$90
40 years$1,322$833$507$300$174$80
41 years$1,275$793$475$277$158$70
42 years$1,231$755$446$256$143$62
43 years$1,189$719$418$236$130$55
44 years$1,149$686$393$218$118$49
45 years$1,111$654$369$201$107$43
46 years$1,074$624$346$186$97$38
47 years$1,040$595$325$172$88$34
48 years$1,006$568$306$159$80$30
49 years$975$543$287$147$73$27
50 years$944$518$270$136$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $967,000, adding $5,660 every year, while hoping to spend $53,898 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: 72/5/23 Blend
29$967,000$967,000$967,000$967,000
30$1,071,472$1,020,221$1,005,233$1,142,120
31$1,123,415$1,012,865$981,561$1,182,603
32$1,178,850$1,003,342$955,290$1,219,994
33$1,238,076$991,489$926,275$1,259,624
34$1,301,421$977,133$894,367$1,301,707
35$1,369,245$960,091$859,406$1,346,483
36$1,441,941$940,169$821,230$1,394,214
37$1,519,943$917,162$779,665$1,445,194
38$1,603,726$890,851$734,532$1,499,744
39$1,693,809$861,006$685,643$1,558,221
40$1,790,767$827,384$632,801$1,621,020
41$1,895,226$789,726$575,800$1,688,577
42$2,007,876$747,760$514,427$1,761,374
43$2,129,476$701,197$448,457$1,839,945
44$2,260,858$649,731$377,655$1,924,878
45$2,402,937$593,040$301,779$2,016,826
46$2,556,720$530,783$220,572$2,116,508
47$2,723,313$462,598$133,768$2,224,720
48$2,903,930$388,105$41,089$2,342,340
49$3,099,911$306,902$0$2,470,339
50$3,312,724$218,562$0$2,623,980
51$3,543,988$122,638$0$2,801,941
52$3,795,481$18,654$0$2,995,514
53$4,069,163$0$0$3,206,227
54$4,367,186$0$0$3,440,926
55$4,691,921$0$0$3,697,822
56$5,045,976$0$0$3,977,958
57$5,432,222$0$0$4,283,611
58$5,853,819$0$0$4,617,287
59$6,314,246$0$0$4,981,747
60$6,817,332$0$0$5,380,026
61$7,367,292$0$0$5,815,469
62$7,968,768$0$0$6,291,757
63$8,626,869$0$0$6,812,945
64$9,347,223$0$0$7,383,497
65$10,136,027$0$0$8,008,326
66$11,000,103$0$0$8,692,848
67$11,946,966$0$0$9,443,022
68$12,984,892$0$0$10,265,415
69$14,122,995$0$0$11,167,256
70$15,371,315$0$0$12,156,510
71$16,740,909$0$0$13,241,950
72$18,243,955$0$0$14,433,237
73$19,893,869$0$0$15,741,014
74$21,705,429$0$0$17,177,005
75$23,694,914$0$0$18,754,126
76$25,880,255$0$0$20,486,602
77$28,281,207$0$0$22,390,107
78$30,919,533$0$0$24,481,907
79$33,819,208$0$0$26,781,022
80$37,006,645$0$0$29,308,409
81$40,510,944$0$0$32,087,154
82$44,364,165$0$0$35,142,694
83$48,601,628$0$0$38,503,053
84$53,262,251$0$0$42,199,106
85$58,388,911$0$0$46,264,871
86$64,028,847$0$0$50,737,831
87$70,234,112$0$0$55,659,282
88$77,062,055$0$0$61,074,726
89$84,575,866$0$0$67,034,298
90$92,845,170$0$0$73,593,240
91$101,946,684$0$0$80,812,420
92$111,964,939$0$0$88,758,905
93$122,993,076$0$0$97,506,596
94$135,133,726$0$0$107,136,921
95$148,499,977$0$0$117,739,605
96$163,216,436$0$0$129,413,517
97$179,420,413$0$0$142,267,600
98$197,263,207$0$0$156,421,896
99$216,911,535$0$0$172,008,685
100$238,549,109$0$0$189,173,727