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%12.1%
1 years$80,019$79,306$78,611$77,932$77,269$76,590
2 years$39,613$38,876$38,161$37,467$36,795$36,110
3 years$26,147$25,406$24,692$24,006$23,344$22,676
4 years$19,415$18,676$17,970$17,295$16,649$16,002
5 years$15,376$14,642$13,945$13,284$12,657$12,032
6 years$12,685$11,956$11,270$10,623$10,015$9,414
7 years$10,764$10,041$9,365$8,734$8,145$7,568
8 years$9,323$8,607$7,943$7,327$6,757$6,204
9 years$8,203$7,494$6,841$6,241$5,690$5,162
10 years$7,308$6,606$5,964$5,380$4,848$4,343
11 years$6,576$5,880$5,251$4,682$4,170$3,688
12 years$5,966$5,278$4,660$4,107$3,613$3,154
13 years$5,451$4,770$4,163$3,626$3,151$2,714
14 years$5,009$4,336$3,741$3,218$2,762$2,347
15 years$4,627$3,961$3,377$2,870$2,432$2,038
16 years$4,293$3,634$3,062$2,570$2,149$1,776
17 years$3,999$3,347$2,786$2,309$1,906$1,552
18 years$3,737$3,092$2,544$2,081$1,695$1,360
19 years$3,503$2,866$2,329$1,880$1,510$1,194
20 years$3,293$2,663$2,137$1,703$1,349$1,051
21 years$3,104$2,481$1,966$1,546$1,207$926
22 years$2,931$2,316$1,812$1,405$1,082$817
23 years$2,774$2,166$1,673$1,280$971$722
24 years$2,630$2,029$1,547$1,167$873$639
25 years$2,498$1,904$1,433$1,066$786$566
26 years$2,377$1,790$1,329$975$708$501
27 years$2,264$1,684$1,234$892$638$445
28 years$2,160$1,587$1,147$817$576$395
29 years$2,063$1,497$1,068$750$520$350
30 years$1,972$1,414$994$688$470$311
31 years$1,888$1,337$927$632$425$277
32 years$1,809$1,265$865$581$384$246
33 years$1,735$1,198$808$534$348$219
34 years$1,666$1,135$755$491$315$195
35 years$1,601$1,077$705$452$285$173
36 years$1,539$1,022$660$417$258$154
37 years$1,481$971$618$384$234$137
38 years$1,426$922$578$354$212$122
39 years$1,374$877$542$326$192$109
40 years$1,325$835$508$301$175$97
41 years$1,278$794$476$278$158$87
42 years$1,234$757$447$256$144$77
43 years$1,191$721$419$236$130$69
44 years$1,151$687$394$218$118$61
45 years$1,113$655$370$202$107$55
46 years$1,077$625$347$186$98$49
47 years$1,042$597$326$172$89$43
48 years$1,008$569$306$159$80$39
49 years$977$544$288$147$73$35
50 years$946$519$271$136$66$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $969,000, adding $4,795 every year, while hoping to spend $21,141 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: 64/9/27 Blend
29$969,000$969,000$969,000$969,000
30$1,072,784$1,021,427$1,006,408$1,133,490
31$1,159,714$1,048,983$1,017,628$1,202,693
32$1,254,803$1,077,181$1,028,516$1,275,513
33$1,358,859$1,106,029$1,039,038$1,354,619
34$1,472,776$1,135,538$1,049,159$1,440,632
35$1,597,534$1,165,714$1,058,841$1,534,233
36$1,734,215$1,196,567$1,068,045$1,636,176
37$1,884,011$1,228,105$1,076,730$1,747,290
38$2,048,232$1,260,334$1,084,853$1,868,489
39$2,228,324$1,293,262$1,092,367$2,000,778
40$2,425,876$1,326,896$1,099,225$2,145,269
41$2,642,643$1,361,240$1,105,376$2,303,183
42$2,880,553$1,396,302$1,110,767$2,475,867
43$3,141,734$1,432,085$1,115,342$2,664,805
44$3,428,527$1,468,593$1,119,042$2,871,635
45$3,743,512$1,505,830$1,121,806$3,098,158
46$4,089,532$1,543,798$1,123,568$3,346,361
47$4,469,718$1,582,497$1,124,261$3,618,435
48$4,887,519$1,621,930$1,123,814$3,916,791
49$5,346,735$1,662,093$1,122,151$4,244,090
50$5,851,554$1,702,987$1,119,194$4,603,261
51$6,406,586$1,744,607$1,114,861$4,997,535
52$7,016,914$1,786,949$1,109,065$5,430,471
53$7,688,136$1,830,007$1,101,716$5,905,992
54$8,426,421$1,873,773$1,092,719$6,428,421
55$9,238,566$1,918,237$1,081,974$7,002,524
56$10,132,057$1,963,388$1,069,378$7,633,551
57$11,115,147$2,009,214$1,054,822$8,327,290
58$12,196,924$2,055,698$1,038,191$9,090,119
59$13,387,405$2,102,822$1,019,366$9,929,066
60$14,697,628$2,150,567$998,221$10,851,880
61$16,139,751$2,198,910$974,627$11,867,098
62$17,727,174$2,247,825$948,445$12,984,129
63$19,474,661$2,297,284$919,533$14,213,344
64$21,398,480$2,347,254$887,741$15,566,172
65$23,516,557$2,397,702$852,912$17,055,209
66$25,848,643$2,448,587$814,883$18,694,335
67$28,416,505$2,499,868$773,482$20,498,851
68$31,244,125$2,551,498$728,529$22,485,615
69$34,357,929$2,603,425$679,839$24,673,211
70$37,787,039$2,655,594$627,215$27,082,115
71$41,563,544$2,707,944$570,453$29,734,898
72$45,722,801$2,760,410$509,339$32,656,433
73$50,303,776$2,812,919$443,651$35,874,129
74$55,349,404$2,865,395$373,156$39,418,198
75$60,906,997$2,917,753$297,611$43,321,931
76$67,028,691$2,969,903$216,761$47,622,021
77$73,771,938$3,021,748$130,342$52,358,903
78$81,200,044$3,073,182$38,078$57,577,140
79$89,382,773$3,124,093$0$63,325,843
80$98,397,001$3,174,359$0$69,676,533
81$108,327,441$3,223,849$0$76,684,298
82$119,267,446$3,272,423$0$84,403,981
83$131,319,885$3,319,931$0$92,908,120
84$144,598,119$3,366,213$0$102,276,650
85$159,227,066$3,411,097$0$112,597,657
86$175,344,384$3,454,397$0$123,968,209
87$193,101,766$3,495,919$0$136,495,275
88$212,666,379$3,535,451$0$150,296,731
89$234,222,430$3,572,769$0$165,502,475
90$257,972,918$3,607,634$0$182,255,653
91$284,141,539$3,639,792$0$200,714,009
92$312,974,804$3,668,970$0$221,051,377
93$344,744,363$3,694,878$0$243,459,316
94$379,749,571$3,717,210$0$268,148,926
95$418,320,310$3,735,635$0$295,352,835
96$460,820,107$3,749,807$0$325,327,397
97$507,649,563$3,759,354$0$358,355,112
98$559,250,138$3,763,881$0$394,747,293
99$616,108,311$3,762,970$0$434,847,006
100$678,760,179$3,756,176$0$479,032,304