Can I retire at age 30 with 969,000?

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 $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%19.7%
1 years$80,019$79,306$78,611$77,932$77,269$74,262
2 years$39,613$38,876$38,161$37,467$36,795$33,802
3 years$26,147$25,406$24,692$24,006$23,344$20,459
4 years$19,415$18,676$17,970$17,295$16,649$13,894
5 years$15,376$14,642$13,945$13,284$12,657$10,038
6 years$12,685$11,956$11,270$10,623$10,015$7,535
7 years$10,764$10,041$9,365$8,734$8,145$5,803
8 years$9,323$8,607$7,943$7,327$6,757$4,551
9 years$8,203$7,494$6,841$6,241$5,690$3,617
10 years$7,308$6,606$5,964$5,380$4,848$2,903
11 years$6,576$5,880$5,251$4,682$4,170$2,349
12 years$5,966$5,278$4,660$4,107$3,613$1,912
13 years$5,451$4,770$4,163$3,626$3,151$1,564
14 years$5,009$4,336$3,741$3,218$2,762$1,284
15 years$4,627$3,961$3,377$2,870$2,432$1,057
16 years$4,293$3,634$3,062$2,570$2,149$873
17 years$3,999$3,347$2,786$2,309$1,906$722
18 years$3,737$3,092$2,544$2,081$1,695$598
19 years$3,503$2,866$2,329$1,880$1,510$497
20 years$3,293$2,663$2,137$1,703$1,349$413
21 years$3,104$2,481$1,966$1,546$1,207$343
22 years$2,931$2,316$1,812$1,405$1,082$285
23 years$2,774$2,166$1,673$1,280$971$238
24 years$2,630$2,029$1,547$1,167$873$198
25 years$2,498$1,904$1,433$1,066$786$165
26 years$2,377$1,790$1,329$975$708$138
27 years$2,264$1,684$1,234$892$638$115
28 years$2,160$1,587$1,147$817$576$96
29 years$2,063$1,497$1,068$750$520$80
30 years$1,972$1,414$994$688$470$67
31 years$1,888$1,337$927$632$425$56
32 years$1,809$1,265$865$581$384$47
33 years$1,735$1,198$808$534$348$39
34 years$1,666$1,135$755$491$315$32
35 years$1,601$1,077$705$452$285$27
36 years$1,539$1,022$660$417$258$23
37 years$1,481$971$618$384$234$19
38 years$1,426$922$578$354$212$16
39 years$1,374$877$542$326$192$13
40 years$1,325$835$508$301$175$11
41 years$1,278$794$476$278$158$9
42 years$1,234$757$447$256$144$8
43 years$1,191$721$419$236$130$6
44 years$1,151$687$394$218$118$5
45 years$1,113$655$370$202$107$4
46 years$1,077$625$347$186$98$4
47 years$1,042$597$326$172$89$3
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$2
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $969,000, adding $2,187 every year, while hoping to spend $56,215 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: 49/39/12 Blend
29$969,000$969,000$969,000$969,000
30$1,070,094$1,018,737$1,003,717$1,118,921
31$1,119,431$1,008,843$977,530$1,142,804
32$1,171,917$996,580$948,580$1,162,676
33$1,227,812$981,772$916,718$1,182,991
34$1,287,405$964,234$881,784$1,203,809
35$1,351,008$943,770$843,611$1,225,198
36$1,418,965$920,169$802,027$1,247,237
37$1,491,654$893,212$756,849$1,270,017
38$1,569,488$862,665$707,889$1,293,643
39$1,652,920$828,279$654,947$1,318,232
40$1,742,448$789,795$597,818$1,343,922
41$1,838,616$746,934$536,284$1,370,867
42$1,942,025$699,403$470,119$1,399,242
43$2,053,331$646,893$399,088$1,429,248
44$2,173,257$589,077$322,943$1,461,109
45$2,302,596$525,608$241,428$1,495,080
46$2,442,218$456,121$154,274$1,531,449
47$2,593,082$380,229$61,200$1,570,540
48$2,756,240$297,523$0$1,612,719
49$2,932,847$207,573$0$1,663,277
50$3,124,176$109,922$0$1,726,474
51$3,331,624$4,090$0$1,795,021
52$3,556,728$0$0$1,869,543
53$3,801,179$0$0$1,998,124
54$4,066,837$0$0$2,139,859
55$4,355,746$0$0$2,294,096
56$4,670,159$0$0$2,462,048
57$5,012,550$0$0$2,645,050
58$5,385,646$0$0$2,844,573
59$5,792,444$0$0$3,062,234
60$6,236,246$0$0$3,299,812
61$6,720,684$0$0$3,559,269
62$7,249,758$0$0$3,842,760
63$7,827,869$0$0$4,152,662
64$8,459,865$0$0$4,491,589
65$9,151,081$0$0$4,862,420
66$9,907,394$0$0$5,268,326
67$10,735,271$0$0$5,712,797
68$11,641,838$0$0$6,199,678
69$12,634,939$0$0$6,733,202
70$13,723,213$0$0$7,318,032
71$14,916,177$0$0$7,959,303
72$16,224,308$0$0$8,662,671
73$17,659,149$0$0$9,434,365
74$19,233,412$0$0$10,281,248
75$20,961,101$0$0$11,210,876
76$22,857,640$0$0$12,231,576
77$24,940,018$0$0$13,352,520
78$27,226,952$0$0$14,583,809
79$29,739,060$0$0$15,936,573
80$32,499,054$0$0$17,423,074
81$35,531,955$0$0$19,056,819
82$38,865,330$0$0$20,852,688
83$42,529,545$0$0$22,827,076
84$46,558,059$0$0$24,998,045
85$50,987,733$0$0$27,385,495
86$55,859,176$0$0$30,011,351
87$61,217,134$0$0$32,899,769
88$67,110,904$0$0$36,077,365
89$73,594,801$0$0$39,573,462
90$80,728,671$0$0$43,420,373
91$88,578,453$0$0$47,653,696
92$97,216,799$0$0$52,312,658
93$106,723,762$0$0$57,440,480
94$117,187,547$0$0$63,084,785
95$128,705,344$0$0$69,298,050
96$141,384,243$0$0$76,138,093
97$155,342,245$0$0$83,668,628
98$170,709,372$0$0$91,959,858
99$187,628,897$0$0$101,089,139
100$206,258,689$0$0$111,141,713