Can I retire at age 30 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$79,937$79,225$78,530$77,852$77,190$75,569
2 years$39,573$38,836$38,121$37,429$36,757$35,132
3 years$26,120$25,379$24,667$23,981$23,320$21,742
4 years$19,395$18,657$17,951$17,277$16,632$15,112
5 years$15,360$14,627$13,931$13,270$12,643$11,186
6 years$12,672$11,944$11,258$10,612$10,004$8,611
7 years$10,752$10,031$9,356$8,725$8,136$6,807
8 years$9,313$8,598$7,934$7,319$6,750$5,485
9 years$8,195$7,486$6,834$6,234$5,684$4,483
10 years$7,300$6,599$5,958$5,374$4,843$3,704
11 years$6,569$5,874$5,245$4,677$4,165$3,086
12 years$5,960$5,273$4,655$4,102$3,610$2,590
13 years$5,445$4,765$4,159$3,622$3,148$2,185
14 years$5,004$4,331$3,737$3,215$2,759$1,852
15 years$4,622$3,957$3,374$2,867$2,429$1,575
16 years$4,289$3,630$3,059$2,567$2,147$1,344
17 years$3,994$3,343$2,783$2,307$1,904$1,150
18 years$3,733$3,089$2,541$2,079$1,693$986
19 years$3,500$2,863$2,326$1,878$1,509$847
20 years$3,290$2,660$2,135$1,701$1,348$729
21 years$3,100$2,478$1,964$1,544$1,206$628
22 years$2,928$2,313$1,810$1,404$1,081$542
23 years$2,771$2,164$1,671$1,278$970$468
24 years$2,628$2,027$1,545$1,166$872$404
25 years$2,496$1,902$1,431$1,065$785$350
26 years$2,374$1,788$1,327$974$707$303
27 years$2,262$1,683$1,233$891$637$262
28 years$2,157$1,586$1,146$817$575$227
29 years$2,061$1,496$1,066$749$519$197
30 years$1,970$1,413$993$687$469$170
31 years$1,886$1,335$926$631$424$148
32 years$1,807$1,264$864$580$384$128
33 years$1,734$1,197$807$533$347$111
34 years$1,664$1,134$754$491$314$96
35 years$1,599$1,076$705$452$285$84
36 years$1,537$1,021$659$416$258$73
37 years$1,479$970$617$383$234$63
38 years$1,425$922$578$353$212$55
39 years$1,373$876$541$326$192$48
40 years$1,323$834$507$301$174$41
41 years$1,277$794$476$277$158$36
42 years$1,232$756$446$256$144$31
43 years$1,190$720$419$236$130$27
44 years$1,150$686$393$218$118$23
45 years$1,112$655$369$201$107$20
46 years$1,075$624$347$186$97$18
47 years$1,041$596$326$172$89$15
48 years$1,007$569$306$159$80$13
49 years$976$543$288$147$73$12
50 years$945$519$270$136$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $968,000, adding $3,768 every year, while hoping to spend $34,204 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: 80/7/13 Blend
29$968,000$968,000$968,000$968,000
30$1,070,623$1,019,319$1,004,315$1,153,297
31$1,143,433$1,032,873$1,001,566$1,221,713
32$1,222,524$1,045,944$997,580$1,291,967
33$1,308,500$1,058,474$992,277$1,368,076
34$1,402,026$1,070,398$985,577$1,450,613
35$1,503,833$1,081,648$977,394$1,540,205
36$1,614,727$1,092,151$967,640$1,637,546
37$1,735,593$1,101,830$956,220$1,743,397
38$1,867,407$1,110,603$943,036$1,858,601
39$2,011,241$1,118,382$927,987$1,984,081
40$2,168,277$1,125,072$910,964$2,120,860
41$2,339,816$1,130,575$891,855$2,270,060
42$2,527,288$1,134,784$870,543$2,432,921
43$2,732,270$1,137,587$846,905$2,610,807
44$2,956,496$1,138,864$820,812$2,805,222
45$3,201,879$1,138,488$792,129$3,017,823
46$3,470,520$1,136,324$760,715$3,250,436
47$3,764,738$1,132,228$726,423$3,505,074
48$4,087,082$1,126,049$689,100$3,783,953
49$4,440,364$1,117,624$648,584$4,089,518
50$4,827,677$1,106,784$604,708$4,424,461
51$5,252,430$1,093,346$557,295$4,791,751
52$5,718,375$1,077,117$506,162$5,194,657
53$6,229,649$1,057,895$451,118$5,636,785
54$6,790,804$1,035,463$391,961$6,122,107
55$7,406,857$1,009,592$328,483$6,655,001
56$8,083,335$980,041$260,466$7,240,291
57$8,826,325$946,552$187,680$7,883,295
58$9,642,531$908,854$109,889$8,589,872
59$10,539,342$866,661$26,844$9,366,482
60$11,524,897$819,669$0$10,220,242
61$12,608,159$767,556$0$11,167,565
62$13,799,008$709,983$0$12,213,059
63$15,108,325$646,590$0$13,362,563
64$16,548,100$576,998$0$14,626,619
65$18,131,541$500,807$0$16,016,843
66$19,873,203$417,591$0$17,546,034
67$21,789,120$326,903$0$19,228,295
68$23,896,960$228,271$0$21,079,166
69$26,216,188$121,194$0$23,115,772
70$28,768,251$5,145$0$25,356,982
71$31,576,783$0$0$27,823,590
72$34,667,821$0$0$30,547,783
73$38,070,056$0$0$33,546,710
74$41,815,102$0$0$36,847,843
75$45,937,793$0$0$40,481,892
76$50,476,511$0$0$44,482,695
77$55,473,550$0$0$48,887,536
78$60,975,512$0$0$53,737,501
79$67,033,750$0$0$59,077,860
80$73,704,848$0$0$64,958,499
81$81,051,159$0$0$71,434,386
82$89,141,388$0$0$78,566,092
83$98,051,246$0$0$86,420,363
84$107,864,158$0$0$95,070,745
85$118,672,055$0$0$104,598,285
86$130,576,239$0$0$115,092,289
87$143,688,338$0$0$126,651,169
88$158,131,361$0$0$139,383,367
89$174,040,857$0$0$153,408,383
90$191,566,195$0$0$168,857,901
91$210,871,972$0$0$185,877,028
92$232,139,568$0$0$204,625,668
93$255,568,857$0$0$225,280,029
94$281,380,091$0$0$248,034,284
95$309,815,982$0$0$273,102,408
96$341,143,990$0$0$300,720,192
97$375,658,849$0$0$331,147,472
98$413,685,345$0$0$364,670,581
99$455,581,387$0$0$401,605,047
100$501,741,380$0$0$442,298,578