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%13.3%
1 years$79,937$79,225$78,530$77,852$77,190$76,130
2 years$39,573$38,836$38,121$37,429$36,757$35,692
3 years$26,120$25,379$24,667$23,981$23,320$22,282
4 years$19,395$18,657$17,951$17,277$16,632$15,629
5 years$15,360$14,627$13,931$13,270$12,643$11,678
6 years$12,672$11,944$11,258$10,612$10,004$9,078
7 years$10,752$10,031$9,356$8,725$8,136$7,250
8 years$9,313$8,598$7,934$7,319$6,750$5,903
9 years$8,195$7,486$6,834$6,234$5,684$4,876
10 years$7,300$6,599$5,958$5,374$4,843$4,073
11 years$6,569$5,874$5,245$4,677$4,165$3,433
12 years$5,960$5,273$4,655$4,102$3,610$2,914
13 years$5,445$4,765$4,159$3,622$3,148$2,488
14 years$5,004$4,331$3,737$3,215$2,759$2,134
15 years$4,622$3,957$3,374$2,867$2,429$1,838
16 years$4,289$3,630$3,059$2,567$2,147$1,589
17 years$3,994$3,343$2,783$2,307$1,904$1,377
18 years$3,733$3,089$2,541$2,079$1,693$1,196
19 years$3,500$2,863$2,326$1,878$1,509$1,041
20 years$3,290$2,660$2,135$1,701$1,348$908
21 years$3,100$2,478$1,964$1,544$1,206$793
22 years$2,928$2,313$1,810$1,404$1,081$694
23 years$2,771$2,164$1,671$1,278$970$607
24 years$2,628$2,027$1,545$1,166$872$532
25 years$2,496$1,902$1,431$1,065$785$467
26 years$2,374$1,788$1,327$974$707$410
27 years$2,262$1,683$1,233$891$637$360
28 years$2,157$1,586$1,146$817$575$316
29 years$2,061$1,496$1,066$749$519$278
30 years$1,970$1,413$993$687$469$245
31 years$1,886$1,335$926$631$424$215
32 years$1,807$1,264$864$580$384$190
33 years$1,734$1,197$807$533$347$167
34 years$1,664$1,134$754$491$314$147
35 years$1,599$1,076$705$452$285$130
36 years$1,537$1,021$659$416$258$114
37 years$1,479$970$617$383$234$101
38 years$1,425$922$578$353$212$89
39 years$1,373$876$541$326$192$78
40 years$1,323$834$507$301$174$69
41 years$1,277$794$476$277$158$61
42 years$1,232$756$446$256$144$54
43 years$1,190$720$419$236$130$47
44 years$1,150$686$393$218$118$42
45 years$1,112$655$369$201$107$37
46 years$1,075$624$347$186$97$33
47 years$1,041$596$326$172$89$29
48 years$1,007$569$306$159$80$25
49 years$976$543$288$147$73$22
50 years$945$519$270$136$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $968,000, adding $2,340 every year, while hoping to spend $21,243 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: 44/46/10 Blend
29$968,000$968,000$968,000$968,000
30$1,069,150$1,017,846$1,002,842$1,113,033
31$1,155,601$1,045,118$1,013,835$1,171,018
32$1,250,157$1,073,014$1,024,484$1,231,479
33$1,353,625$1,101,543$1,034,755$1,296,528
34$1,466,888$1,130,712$1,044,613$1,366,595
35$1,590,923$1,160,530$1,054,020$1,442,153
36$1,726,804$1,191,002$1,062,936$1,523,721
37$1,875,712$1,222,136$1,071,319$1,611,872
38$2,038,952$1,253,938$1,079,126$1,707,237
39$2,217,958$1,286,413$1,086,309$1,810,510
40$2,414,310$1,319,568$1,092,821$1,922,453
41$2,629,749$1,353,406$1,098,609$2,043,907
42$2,866,191$1,387,931$1,103,621$2,175,800
43$3,125,750$1,423,146$1,107,799$2,319,150
44$3,410,750$1,459,054$1,111,084$2,475,081
45$3,723,754$1,495,656$1,113,413$2,644,828
46$4,067,586$1,532,952$1,114,721$2,829,755
47$4,445,356$1,570,942$1,114,940$3,031,363
48$4,860,488$1,609,624$1,113,996$3,251,303
49$5,316,757$1,648,995$1,111,815$3,491,397
50$5,818,322$1,689,052$1,108,316$3,753,651
51$6,369,763$1,729,787$1,103,417$4,040,274
52$6,976,127$1,771,195$1,097,029$4,353,703
53$7,642,974$1,813,266$1,089,062$4,696,618
54$8,376,431$1,855,990$1,079,420$5,071,976
55$9,183,248$1,899,354$1,068,001$5,483,033
56$10,070,862$1,943,345$1,054,702$5,933,378
57$11,047,466$1,987,945$1,039,410$6,426,964
58$12,122,089$2,033,136$1,022,012$6,968,148
59$13,304,679$2,078,896$1,002,386$7,561,732
60$14,606,196$2,125,202$980,406$8,213,004
61$16,038,718$2,172,027$955,940$8,927,796
62$17,615,552$2,219,341$928,848$9,712,530
63$19,351,361$2,267,111$898,987$10,574,285
64$21,262,301$2,315,301$866,205$11,520,864
65$23,366,176$2,363,871$830,343$12,560,861
66$25,682,603$2,412,778$791,236$13,703,753
67$28,233,197$2,461,972$748,711$14,959,977
68$31,041,777$2,511,403$702,587$16,341,041
69$34,134,590$2,561,013$652,675$17,859,623
70$37,540,555$2,610,740$598,777$19,529,696
71$41,291,543$2,660,517$540,687$21,366,660
72$45,422,669$2,710,272$478,190$23,387,484
73$49,972,632$2,759,925$411,059$25,610,872
74$54,984,071$2,809,393$339,060$28,057,432
75$60,503,975$2,858,582$261,948$30,749,881
76$66,584,123$2,907,395$179,465$33,713,250
77$73,281,571$2,955,725$91,345$36,975,126
78$80,659,194$3,003,457$0$40,565,912
79$88,786,276$3,050,471$0$44,519,400
80$97,739,165$3,096,633$0$48,882,650
81$107,601,994$3,141,803$0$53,686,628
82$118,467,475$3,185,829$0$58,976,218
83$130,437,773$3,228,550$0$64,800,878
84$143,625,470$3,269,792$0$71,215,113
85$158,154,627$3,309,372$0$78,278,989
86$174,161,959$3,347,090$0$86,058,701
87$191,798,118$3,382,737$0$94,627,196
88$211,229,122$3,416,088$0$104,064,862
89$232,637,918$3,446,901$0$114,460,292
90$256,226,109$3,474,923$0$125,911,115
91$282,215,858$3,499,880$0$138,524,923
92$310,851,984$3,521,482$0$152,420,282
93$342,404,273$3,539,422$0$167,727,859
94$377,170,025$3,553,370$0$184,591,649
95$415,476,861$3,562,977$0$203,170,340
96$457,685,811$3,567,874$0$223,638,810
97$504,194,729$3,567,665$0$246,189,779
98$555,442,044$3,561,933$0$271,035,631
99$611,910,897$3,550,232$0$298,410,417
100$674,133,706$3,532,092$0$328,572,069