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%11.7%
1 years$79,854$79,143$78,449$77,771$77,110$76,560
2 years$39,532$38,795$38,082$37,390$36,719$36,164
3 years$26,093$25,353$24,642$23,956$23,296$22,754
4 years$19,374$18,637$17,933$17,259$16,615$16,090
5 years$15,345$14,612$13,917$13,257$12,630$12,123
6 years$12,659$11,932$11,247$10,601$9,994$9,506
7 years$10,741$10,020$9,346$8,716$8,128$7,659
8 years$9,304$8,589$7,926$7,312$6,743$6,293
9 years$8,186$7,478$6,827$6,228$5,678$5,248
10 years$7,293$6,592$5,952$5,369$4,838$4,426
11 years$6,562$5,868$5,240$4,672$4,161$3,768
12 years$5,954$5,267$4,650$4,098$3,606$3,231
13 years$5,440$4,760$4,155$3,618$3,144$2,787
14 years$4,999$4,327$3,733$3,212$2,756$2,416
15 years$4,618$3,952$3,370$2,864$2,427$2,104
16 years$4,284$3,626$3,056$2,565$2,145$1,838
17 years$3,990$3,340$2,781$2,304$1,902$1,611
18 years$3,729$3,086$2,538$2,077$1,691$1,416
19 years$3,496$2,860$2,324$1,876$1,507$1,247
20 years$3,287$2,658$2,133$1,699$1,346$1,100
21 years$3,097$2,476$1,962$1,542$1,205$972
22 years$2,925$2,311$1,808$1,402$1,080$861
23 years$2,768$2,161$1,669$1,277$969$763
24 years$2,625$2,025$1,544$1,165$871$677
25 years$2,493$1,900$1,430$1,064$784$601
26 years$2,372$1,786$1,326$973$706$535
27 years$2,259$1,681$1,231$890$637$476
28 years$2,155$1,584$1,145$816$575$423
29 years$2,059$1,494$1,065$748$519$377
30 years$1,968$1,411$992$687$469$336
31 years$1,884$1,334$925$631$424$300
32 years$1,806$1,262$863$579$383$267
33 years$1,732$1,195$806$533$347$239
34 years$1,662$1,133$753$490$314$213
35 years$1,597$1,075$704$451$285$190
36 years$1,536$1,020$659$416$258$170
37 years$1,478$969$616$383$234$152
38 years$1,423$921$577$353$212$136
39 years$1,371$875$541$325$192$121
40 years$1,322$833$507$300$174$108
41 years$1,275$793$475$277$158$97
42 years$1,231$755$446$256$143$87
43 years$1,189$719$418$236$130$78
44 years$1,149$686$393$218$118$69
45 years$1,111$654$369$201$107$62
46 years$1,074$624$346$186$97$56
47 years$1,040$595$325$172$88$50
48 years$1,006$568$306$159$80$44
49 years$975$543$287$147$73$40
50 years$944$518$270$136$66$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $967,000, adding $2,266 every year, while hoping to spend $55,789 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: 55/21/24 Blend
29$967,000$967,000$967,000$967,000
30$1,067,971$1,016,720$1,001,732$1,119,566
31$1,117,545$1,007,181$975,931$1,145,704
32$1,170,306$995,304$947,396$1,168,127
33$1,226,520$980,916$915,976$1,191,379
34$1,286,478$963,834$881,514$1,215,557
35$1,350,499$943,862$843,845$1,240,770
36$1,418,934$920,796$802,798$1,267,143
37$1,492,166$894,415$758,193$1,294,816
38$1,570,616$864,490$709,841$1,323,947
39$1,654,743$830,775$657,545$1,354,711
40$1,745,056$793,012$601,102$1,387,309
41$1,842,109$750,927$540,296$1,421,963
42$1,946,511$704,229$474,903$1,458,924
43$2,058,933$652,614$404,690$1,498,473
44$2,180,108$595,756$329,411$1,540,922
45$2,310,845$533,314$248,812$1,586,623
46$2,452,031$464,926$162,627$1,635,968
47$2,604,640$390,210$70,577$1,689,395
48$2,769,745$308,761$0$1,747,392
49$2,948,522$220,154$0$1,817,587
50$3,142,267$123,937$0$1,913,253
51$3,352,402$19,634$0$2,017,054
52$3,580,495$0$0$2,129,829
53$3,828,268$0$0$2,274,054
54$4,097,613$0$0$2,435,847
55$4,390,616$0$0$2,611,933
56$4,709,569$0$0$2,803,700
57$5,056,996$0$0$3,012,676
58$5,435,672$0$0$3,240,542
59$5,848,653$0$0$3,489,149
60$6,299,303$0$0$3,760,532
61$6,791,322$0$0$4,056,934
62$7,328,786$0$0$4,380,824
63$7,916,181$0$0$4,734,918
64$8,558,446$0$0$5,122,208
65$9,261,019$0$0$5,545,988
66$10,029,887$0$0$6,009,884
67$10,871,643$0$0$6,517,892
68$11,793,548$0$0$7,074,409
69$12,803,596$0$0$7,684,279
70$13,910,593$0$0$8,352,836
71$15,124,236$0$0$9,085,957
72$16,455,206$0$0$9,890,111
73$17,915,266$0$0$10,772,427
74$19,517,374$0$0$11,740,754
75$21,275,801$0$0$12,803,742
76$23,206,269$0$0$13,970,916
77$25,326,095$0$0$15,252,769
78$27,654,356$0$0$16,660,861
79$30,212,068$0$0$18,207,925
80$33,022,380$0$0$19,907,992
81$36,110,798$0$0$21,776,516
82$39,505,418$0$0$23,830,523
83$43,237,197$0$0$26,088,772
84$47,340,236$0$0$28,571,929
85$51,852,111$0$0$31,302,765
86$56,814,217$0$0$34,306,367
87$62,272,163$0$0$37,610,373
88$68,276,201$0$0$41,245,237
89$74,881,697$0$0$45,244,514
90$82,149,655$0$0$49,645,173
91$90,147,292$0$0$54,487,950
92$98,948,665$0$0$59,817,727
93$108,635,379$0$0$65,683,960
94$119,297,348$0$0$72,141,141
95$131,033,643$0$0$79,249,313
96$143,953,432$0$0$87,074,636
97$158,177,001$0$0$95,690,012
98$173,836,894$0$0$105,175,770
99$191,079,161$0$0$115,620,424
100$210,064,732$0$0$127,121,510