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%17.9%
1 years$79,937$79,225$78,530$77,852$77,190$74,719
2 years$39,573$38,836$38,121$37,429$36,757$34,290
3 years$26,120$25,379$24,667$23,981$23,320$20,935
4 years$19,395$18,657$17,951$17,277$16,632$14,347
5 years$15,360$14,627$13,931$13,270$12,643$10,465
6 years$12,672$11,944$11,258$10,612$10,004$7,933
7 years$10,752$10,031$9,356$8,725$8,136$6,173
8 years$9,313$8,598$7,934$7,319$6,750$4,893
9 years$8,195$7,486$6,834$6,234$5,684$3,932
10 years$7,300$6,599$5,958$5,374$4,843$3,192
11 years$6,569$5,874$5,245$4,677$4,165$2,613
12 years$5,960$5,273$4,655$4,102$3,610$2,152
13 years$5,445$4,765$4,159$3,622$3,148$1,782
14 years$5,004$4,331$3,737$3,215$2,759$1,482
15 years$4,622$3,957$3,374$2,867$2,429$1,236
16 years$4,289$3,630$3,059$2,567$2,147$1,034
17 years$3,994$3,343$2,783$2,307$1,904$867
18 years$3,733$3,089$2,541$2,079$1,693$728
19 years$3,500$2,863$2,326$1,878$1,509$612
20 years$3,290$2,660$2,135$1,701$1,348$516
21 years$3,100$2,478$1,964$1,544$1,206$435
22 years$2,928$2,313$1,810$1,404$1,081$367
23 years$2,771$2,164$1,671$1,278$970$310
24 years$2,628$2,027$1,545$1,166$872$262
25 years$2,496$1,902$1,431$1,065$785$222
26 years$2,374$1,788$1,327$974$707$187
27 years$2,262$1,683$1,233$891$637$159
28 years$2,157$1,586$1,146$817$575$134
29 years$2,061$1,496$1,066$749$519$114
30 years$1,970$1,413$993$687$469$96
31 years$1,886$1,335$926$631$424$82
32 years$1,807$1,264$864$580$384$69
33 years$1,734$1,197$807$533$347$59
34 years$1,664$1,134$754$491$314$50
35 years$1,599$1,076$705$452$285$42
36 years$1,537$1,021$659$416$258$36
37 years$1,479$970$617$383$234$30
38 years$1,425$922$578$353$212$26
39 years$1,373$876$541$326$192$22
40 years$1,323$834$507$301$174$18
41 years$1,277$794$476$277$158$16
42 years$1,232$756$446$256$144$13
43 years$1,190$720$419$236$130$11
44 years$1,150$686$393$218$118$10
45 years$1,112$655$369$201$107$8
46 years$1,075$624$347$186$97$7
47 years$1,041$596$326$172$89$6
48 years$1,007$569$306$159$80$5
49 years$976$543$288$147$73$4
50 years$945$519$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 $968,000, adding $4,245 every year, while hoping to spend $38,560 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: 60/35/5 Blend
29$968,000$968,000$968,000$968,000
30$1,071,115$1,019,811$1,004,807$1,134,218
31$1,139,341$1,028,754$997,440$1,185,865
32$1,213,234$1,036,843$988,535$1,237,336
33$1,293,331$1,043,995$977,997$1,292,484
34$1,380,222$1,050,123$965,732$1,351,663
35$1,474,558$1,055,133$951,638$1,415,263
36$1,577,054$1,058,925$935,608$1,483,714
37$1,688,495$1,061,393$917,533$1,557,491
38$1,809,746$1,062,426$897,295$1,637,121
39$1,941,759$1,061,904$874,773$1,723,181
40$2,085,581$1,059,700$849,840$1,816,311
41$2,242,364$1,055,679$822,364$1,917,217
42$2,413,377$1,049,699$792,205$2,026,678
43$2,600,016$1,041,609$759,218$2,145,553
44$2,803,817$1,031,247$723,251$2,274,793
45$3,026,471$1,018,443$684,145$2,415,445
46$3,269,841$1,003,016$641,733$2,568,666
47$3,535,976$984,776$595,843$2,735,731
48$3,827,135$963,519$546,293$2,918,050
49$4,145,802$939,031$492,894$3,117,178
50$4,494,715$911,084$435,447$3,334,831
51$4,876,888$879,439$373,745$3,572,902
52$5,295,638$843,840$307,574$3,833,483
53$5,754,623$804,017$236,707$4,118,879
54$6,257,867$759,687$160,909$4,431,636
55$6,809,804$710,546$79,935$4,774,562
56$7,415,319$656,278$0$5,150,756
57$8,079,790$596,544$0$5,563,984
58$8,809,143$530,988$0$6,022,245
59$9,609,903$459,235$0$6,525,448
60$10,489,262$380,886$0$7,078,201
61$11,455,138$295,521$0$7,685,587
62$12,516,257$202,696$0$8,353,211
63$13,682,229$101,942$0$9,087,256
64$14,963,644$0$0$9,894,542
65$16,372,168$0$0$10,785,377
66$17,920,650$0$0$11,807,977
67$19,623,252$0$0$12,932,441
68$21,495,572$0$0$14,169,081
69$23,554,797$0$0$15,529,262
70$25,819,863$0$0$17,025,501
71$28,311,634$0$0$18,671,592
72$31,053,097$0$0$20,482,733
73$34,069,580$0$0$22,475,670
74$37,388,990$0$0$24,668,854
75$41,042,076$0$0$27,082,612
76$45,062,718$0$0$29,739,347
77$49,488,248$0$0$32,663,739
78$54,359,799$0$0$35,882,985
79$59,722,696$0$0$39,427,052
80$65,626,883$0$0$43,328,960
81$72,127,389$0$0$47,625,093
82$79,284,853$0$0$52,355,544
83$87,166,094$0$0$57,564,491
84$95,844,738$0$0$63,300,614
85$105,401,916$0$0$69,617,555
86$115,927,029$0$0$76,574,422
87$127,518,588$0$0$84,236,350
88$140,285,146$0$0$92,675,112
89$154,346,323$0$0$101,969,797
90$169,833,930$0$0$112,207,558
91$186,893,219$0$0$123,484,430
92$205,684,246$0$0$135,906,242
93$226,383,387$0$0$149,589,611
94$249,185,000$0$0$164,663,042
95$274,303,259$0$0$181,268,145
96$301,974,174$0$0$199,560,967
97$332,457,819$0$0$219,713,466
98$366,040,788$0$0$241,915,135
99$403,038,897$0$0$266,374,787
100$443,800,164$0$0$293,322,529