Can I retire at age 30 with 969,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$80,019$79,306$78,611$77,932$77,269$76,115
2 years$39,613$38,876$38,161$37,467$36,795$35,634
3 years$26,147$25,406$24,692$24,006$23,344$22,214
4 years$19,415$18,676$17,970$17,295$16,649$15,557
5 years$15,376$14,642$13,945$13,284$12,657$11,607
6 years$12,685$11,956$11,270$10,623$10,015$9,008
7 years$10,764$10,041$9,365$8,734$8,145$7,181
8 years$9,323$8,607$7,943$7,327$6,757$5,837
9 years$8,203$7,494$6,841$6,241$5,690$4,813
10 years$7,308$6,606$5,964$5,380$4,848$4,014
11 years$6,576$5,880$5,251$4,682$4,170$3,376
12 years$5,966$5,278$4,660$4,107$3,613$2,860
13 years$5,451$4,770$4,163$3,626$3,151$2,437
14 years$5,009$4,336$3,741$3,218$2,762$2,087
15 years$4,627$3,961$3,377$2,870$2,432$1,794
16 years$4,293$3,634$3,062$2,570$2,149$1,547
17 years$3,999$3,347$2,786$2,309$1,906$1,338
18 years$3,737$3,092$2,544$2,081$1,695$1,160
19 years$3,503$2,866$2,329$1,880$1,510$1,007
20 years$3,293$2,663$2,137$1,703$1,349$876
21 years$3,104$2,481$1,966$1,546$1,207$764
22 years$2,931$2,316$1,812$1,405$1,082$666
23 years$2,774$2,166$1,673$1,280$971$582
24 years$2,630$2,029$1,547$1,167$873$509
25 years$2,498$1,904$1,433$1,066$786$446
26 years$2,377$1,790$1,329$975$708$390
27 years$2,264$1,684$1,234$892$638$342
28 years$2,160$1,587$1,147$817$576$300
29 years$2,063$1,497$1,068$750$520$263
30 years$1,972$1,414$994$688$470$231
31 years$1,888$1,337$927$632$425$203
32 years$1,809$1,265$865$581$384$178
33 years$1,735$1,198$808$534$348$156
34 years$1,666$1,135$755$491$315$137
35 years$1,601$1,077$705$452$285$121
36 years$1,539$1,022$660$417$258$106
37 years$1,481$971$618$384$234$93
38 years$1,426$922$578$354$212$82
39 years$1,374$877$542$326$192$72
40 years$1,325$835$508$301$175$63
41 years$1,278$794$476$278$158$56
42 years$1,234$757$447$256$144$49
43 years$1,191$721$419$236$130$43
44 years$1,151$687$394$218$118$38
45 years$1,113$655$370$202$107$33
46 years$1,077$625$347$186$98$29
47 years$1,042$597$326$172$89$26
48 years$1,008$569$306$159$80$23
49 years$977$544$288$147$73$20
50 years$946$519$271$136$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $969,000, adding $2,461 every year, while hoping to spend $23,480 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: 44/43/13 Blend
29$969,000$969,000$969,000$969,000
30$1,070,377$1,019,020$1,004,000$1,113,367
31$1,154,572$1,043,969$1,012,651$1,168,543
32$1,246,569$1,069,354$1,020,806$1,225,752
33$1,347,138$1,095,171$1,028,422$1,287,242
34$1,457,128$1,121,416$1,035,455$1,353,415
35$1,577,472$1,148,083$1,041,861$1,424,718
36$1,709,202$1,175,166$1,047,590$1,501,640
37$1,853,448$1,202,657$1,052,592$1,584,719
38$2,011,460$1,230,547$1,056,814$1,674,550
39$2,184,611$1,258,826$1,060,200$1,771,787
40$2,374,415$1,287,483$1,062,690$1,877,151
41$2,582,539$1,316,503$1,064,223$1,991,435
42$2,810,818$1,345,872$1,064,735$2,115,515
43$3,061,275$1,375,573$1,064,157$2,250,354
44$3,336,136$1,405,587$1,062,418$2,397,014
45$3,637,856$1,435,895$1,059,443$2,556,666
46$3,969,137$1,466,473$1,055,153$2,730,599
47$4,332,955$1,497,296$1,049,467$2,920,234
48$4,732,589$1,528,337$1,042,298$3,127,139
49$5,171,654$1,559,566$1,033,555$3,353,037
50$5,654,127$1,590,949$1,023,144$3,599,833
51$6,184,394$1,622,452$1,010,965$3,869,623
52$6,767,285$1,654,035$996,915$4,164,716
53$7,408,122$1,685,656$980,886$4,487,661
54$8,112,767$1,717,270$962,762$4,841,264
55$8,887,680$1,748,827$942,425$5,228,618
56$9,739,977$1,780,273$919,750$5,653,135
57$10,677,500$1,811,552$894,607$6,118,572
58$11,708,888$1,842,601$866,859$6,629,072
59$12,843,659$1,873,353$836,364$7,189,202
60$14,092,302$1,903,736$802,971$7,803,994
61$15,466,371$1,933,674$766,525$8,478,997
62$16,978,601$1,963,084$726,863$9,220,324
63$18,643,019$1,991,876$683,815$10,034,715
64$20,475,085$2,019,956$637,201$10,929,600
65$22,491,832$2,047,222$586,835$11,913,166
66$24,712,028$2,073,565$532,523$12,994,439
67$27,156,354$2,098,869$474,062$14,183,367
68$29,847,598$2,123,010$411,239$15,490,915
69$32,810,870$2,145,854$343,832$16,929,168
70$36,073,838$2,167,260$271,610$18,511,448
71$39,666,991$2,187,077$194,330$20,252,437
72$43,623,924$2,205,144$111,741$22,168,320
73$47,981,659$2,221,290$23,578$24,276,933
74$52,780,987$2,235,333$0$26,597,938
75$58,066,860$2,247,076$0$29,162,784
76$63,888,812$2,256,316$0$31,989,703
77$70,301,426$2,262,830$0$35,101,786
78$77,364,849$2,266,386$0$38,528,093
79$85,145,360$2,266,736$0$42,300,648
80$93,715,997$2,263,616$0$46,454,748
81$103,157,241$2,256,746$0$51,029,289
82$113,557,782$2,245,829$0$56,067,142
83$125,015,351$2,230,550$0$61,615,551
84$137,637,645$2,210,574$0$67,726,585
85$151,543,340$2,185,548$0$74,457,629
86$166,863,216$2,155,095$0$81,871,925
87$183,741,386$2,118,817$0$90,039,171
88$202,336,661$2,076,293$0$99,036,180
89$222,824,044$2,027,074$0$108,947,606
90$245,396,385$1,970,689$0$119,866,744
91$270,266,199$1,906,636$0$131,896,414
92$297,667,675$1,834,386$0$145,149,927
93$327,858,883$1,753,376$0$159,752,165
94$361,124,212$1,663,013$0$175,840,752
95$397,777,050$1,562,670$0$193,567,363
96$438,162,751$1,451,682$0$213,099,152
97$482,661,885$1,329,348$0$234,620,332
98$531,693,837$1,194,925$0$258,333,921
99$585,720,761$1,047,630$0$284,463,652
100$645,251,948$886,633$0$313,256,098