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%18.1%
1 years$79,937$79,225$78,530$77,852$77,190$74,659
2 years$39,573$38,836$38,121$37,429$36,757$34,232
3 years$26,120$25,379$24,667$23,981$23,320$20,879
4 years$19,395$18,657$17,951$17,277$16,632$14,294
5 years$15,360$14,627$13,931$13,270$12,643$10,415
6 years$12,672$11,944$11,258$10,612$10,004$7,887
7 years$10,752$10,031$9,356$8,725$8,136$6,130
8 years$9,313$8,598$7,934$7,319$6,750$4,853
9 years$8,195$7,486$6,834$6,234$5,684$3,895
10 years$7,300$6,599$5,958$5,374$4,843$3,159
11 years$6,569$5,874$5,245$4,677$4,165$2,582
12 years$5,960$5,273$4,655$4,102$3,610$2,124
13 years$5,445$4,765$4,159$3,622$3,148$1,756
14 years$5,004$4,331$3,737$3,215$2,759$1,458
15 years$4,622$3,957$3,374$2,867$2,429$1,214
16 years$4,289$3,630$3,059$2,567$2,147$1,014
17 years$3,994$3,343$2,783$2,307$1,904$849
18 years$3,733$3,089$2,541$2,079$1,693$712
19 years$3,500$2,863$2,326$1,878$1,509$598
20 years$3,290$2,660$2,135$1,701$1,348$503
21 years$3,100$2,478$1,964$1,544$1,206$424
22 years$2,928$2,313$1,810$1,404$1,081$357
23 years$2,771$2,164$1,671$1,278$970$301
24 years$2,628$2,027$1,545$1,166$872$254
25 years$2,496$1,902$1,431$1,065$785$214
26 years$2,374$1,788$1,327$974$707$181
27 years$2,262$1,683$1,233$891$637$153
28 years$2,157$1,586$1,146$817$575$129
29 years$2,061$1,496$1,066$749$519$109
30 years$1,970$1,413$993$687$469$93
31 years$1,886$1,335$926$631$424$78
32 years$1,807$1,264$864$580$384$66
33 years$1,734$1,197$807$533$347$56
34 years$1,664$1,134$754$491$314$47
35 years$1,599$1,076$705$452$285$40
36 years$1,537$1,021$659$416$258$34
37 years$1,479$970$617$383$234$29
38 years$1,425$922$578$353$212$24
39 years$1,373$876$541$326$192$21
40 years$1,323$834$507$301$174$17
41 years$1,277$794$476$277$158$15
42 years$1,232$756$446$256$144$12
43 years$1,190$720$419$236$130$11
44 years$1,150$686$393$218$118$9
45 years$1,112$655$369$201$107$8
46 years$1,075$624$347$186$97$6
47 years$1,041$596$326$172$89$5
48 years$1,007$569$306$159$80$5
49 years$976$543$288$147$73$4
50 years$945$519$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $968,000, adding $6,227 every year, while hoping to spend $53,448 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: 45/50/5 Blend
29$968,000$968,000$968,000$968,000
30$1,073,159$1,021,855$1,006,851$1,119,709
31$1,125,753$1,015,058$983,712$1,145,591
32$1,181,920$1,006,136$958,007$1,167,566
33$1,241,969$994,929$929,593$1,190,131
34$1,306,236$981,267$898,321$1,213,357
35$1,375,093$964,970$864,035$1,237,325
36$1,448,945$945,846$826,573$1,262,128
37$1,528,238$923,694$785,764$1,287,872
38$1,613,462$898,298$741,430$1,314,679
39$1,705,152$869,432$693,386$1,342,686
40$1,803,899$836,856$641,436$1,372,049
41$1,910,351$800,315$585,377$1,402,947
42$2,025,217$759,541$524,998$1,435,579
43$2,149,280$714,250$460,077$1,470,174
44$2,283,399$664,140$390,382$1,506,986
45$2,428,517$608,894$315,671$1,546,306
46$2,585,672$548,176$235,691$1,588,459
47$2,756,004$481,630$150,180$1,633,810
48$2,940,767$408,881$58,863$1,682,770
49$3,141,341$329,532$0$1,735,802
50$3,359,244$243,165$0$1,795,480
51$3,596,143$149,336$0$1,863,811
52$3,853,875$47,579$0$1,938,317
53$4,134,459$0$0$2,019,740
54$4,440,120$0$0$2,143,352
55$4,773,302$0$0$2,306,734
56$5,136,697$0$0$2,485,041
57$5,533,270$0$0$2,679,741
58$5,966,280$0$0$2,892,448
59$6,439,319$0$0$3,124,942
60$6,956,339$0$0$3,379,180
61$7,521,692$0$0$3,657,319
62$8,140,168$0$0$3,961,732
63$8,817,044$0$0$4,295,033
64$9,558,129$0$0$4,660,100
65$10,369,819$0$0$5,060,104
66$11,259,160$0$0$5,498,536
67$12,233,909$0$0$5,979,241
68$13,302,611$0$0$6,506,452
69$14,474,678$0$0$7,084,836
70$15,760,475$0$0$7,719,528
71$17,171,418$0$0$8,416,187
72$18,720,084$0$0$9,181,049
73$20,420,325$0$0$10,020,977
74$22,287,400$0$0$10,943,538
75$24,338,119$0$0$11,957,063
76$26,591,000$0$0$13,070,732
77$29,066,443$0$0$14,294,658
78$31,786,920$0$0$15,639,982
79$34,777,190$0$0$17,118,977
80$38,064,530$0$0$18,745,168
81$41,678,990$0$0$20,533,451
82$45,653,680$0$0$22,500,242
83$50,025,076$0$0$24,663,626
84$54,833,369$0$0$27,043,528
85$60,122,837$0$0$29,661,903
86$65,942,271$0$0$32,542,940
87$72,345,424$0$0$35,713,292
88$79,391,525$0$0$39,202,325
89$87,145,835$0$0$43,042,398
90$95,680,260$0$0$47,269,163
91$105,074,032$0$0$51,921,906
92$115,414,452$0$0$57,043,914
93$126,797,714$0$0$62,682,886
94$139,329,816$0$0$68,891,378
95$153,127,552$0$0$75,727,303
96$168,319,619$0$0$83,254,477
97$185,047,828$0$0$91,543,217
98$203,468,443$0$0$100,671,006
99$223,753,650$0$0$110,723,227
100$246,093,189$0$0$121,793,964