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%16%
1 years$80,019$79,306$78,611$77,932$77,269$75,371
2 years$39,613$38,876$38,161$37,467$36,795$34,894
3 years$26,147$25,406$24,692$24,006$23,344$21,500
4 years$19,415$18,676$17,970$17,295$16,649$14,876
5 years$15,376$14,642$13,945$13,284$12,657$10,960
6 years$12,685$11,956$11,270$10,623$10,015$8,396
7 years$10,764$10,041$9,365$8,734$8,145$6,603
8 years$9,323$8,607$7,943$7,327$6,757$5,293
9 years$8,203$7,494$6,841$6,241$5,690$4,302
10 years$7,308$6,606$5,964$5,380$4,848$3,535
11 years$6,576$5,880$5,251$4,682$4,170$2,929
12 years$5,966$5,278$4,660$4,107$3,613$2,443
13 years$5,451$4,770$4,163$3,626$3,151$2,049
14 years$5,009$4,336$3,741$3,218$2,762$1,726
15 years$4,627$3,961$3,377$2,870$2,432$1,459
16 years$4,293$3,634$3,062$2,570$2,149$1,237
17 years$3,999$3,347$2,786$2,309$1,906$1,052
18 years$3,737$3,092$2,544$2,081$1,695$896
19 years$3,503$2,866$2,329$1,880$1,510$764
20 years$3,293$2,663$2,137$1,703$1,349$653
21 years$3,104$2,481$1,966$1,546$1,207$559
22 years$2,931$2,316$1,812$1,405$1,082$479
23 years$2,774$2,166$1,673$1,280$971$411
24 years$2,630$2,029$1,547$1,167$873$352
25 years$2,498$1,904$1,433$1,066$786$302
26 years$2,377$1,790$1,329$975$708$260
27 years$2,264$1,684$1,234$892$638$223
28 years$2,160$1,587$1,147$817$576$192
29 years$2,063$1,497$1,068$750$520$165
30 years$1,972$1,414$994$688$470$142
31 years$1,888$1,337$927$632$425$122
32 years$1,809$1,265$865$581$384$105
33 years$1,735$1,198$808$534$348$91
34 years$1,666$1,135$755$491$315$78
35 years$1,601$1,077$705$452$285$67
36 years$1,539$1,022$660$417$258$58
37 years$1,481$971$618$384$234$50
38 years$1,426$922$578$354$212$43
39 years$1,374$877$542$326$192$37
40 years$1,325$835$508$301$175$32
41 years$1,278$794$476$278$158$28
42 years$1,234$757$447$256$144$24
43 years$1,191$721$419$236$130$20
44 years$1,151$687$394$218$118$18
45 years$1,113$655$370$202$107$15
46 years$1,077$625$347$186$98$13
47 years$1,042$597$326$172$89$11
48 years$1,008$569$306$159$80$10
49 years$977$544$288$147$73$8
50 years$946$519$271$136$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $969,000, adding $4,681 every year, while hoping to spend $22,571 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: 49/42/9 Blend
29$969,000$969,000$969,000$969,000
30$1,072,666$1,021,309$1,006,290$1,122,432
31$1,158,063$1,047,338$1,015,985$1,183,036
32$1,251,414$1,073,886$1,025,249$1,246,057
33$1,353,506$1,100,954$1,034,043$1,313,986
34$1,465,206$1,128,544$1,042,326$1,387,287
35$1,587,470$1,156,655$1,050,057$1,466,472
36$1,721,348$1,185,288$1,057,190$1,552,105
37$1,867,999$1,214,440$1,063,679$1,644,806
38$2,028,696$1,244,109$1,069,474$1,745,257
39$2,204,845$1,274,292$1,074,523$1,854,211
40$2,397,991$1,304,985$1,078,771$1,972,495
41$2,609,839$1,336,181$1,082,163$2,101,022
42$2,842,263$1,367,875$1,084,636$2,240,796
43$3,097,330$1,400,057$1,086,128$2,392,923
44$3,377,317$1,432,719$1,086,572$2,558,623
45$3,684,731$1,465,849$1,085,899$2,739,237
46$4,022,332$1,499,435$1,084,036$2,936,245
47$4,393,165$1,533,462$1,080,906$3,151,276
48$4,800,579$1,567,914$1,076,428$3,386,126
49$5,248,269$1,602,772$1,070,519$3,642,772
50$5,740,301$1,638,016$1,063,089$3,923,393
51$6,281,156$1,673,623$1,054,047$4,230,391
52$6,875,772$1,709,569$1,043,296$4,566,412
53$7,529,587$1,745,824$1,030,733$4,934,371
54$8,248,596$1,782,360$1,016,253$5,337,482
55$9,039,399$1,819,142$999,744$5,779,283
56$9,909,272$1,856,134$981,090$6,263,677
57$10,866,229$1,893,297$960,168$6,794,962
58$11,919,102$1,930,585$936,851$7,377,877
59$13,077,619$1,967,953$911,005$8,017,642
60$14,352,503$2,005,350$882,490$8,720,010
61$15,755,566$2,042,719$851,161$9,491,323
62$17,299,823$2,080,001$816,863$10,338,567
63$18,999,615$2,117,132$779,439$11,269,445
64$20,870,745$2,154,041$738,720$12,292,442
65$22,930,626$2,190,654$694,531$13,416,911
66$25,198,443$2,226,889$646,691$14,653,161
67$27,695,337$2,262,659$595,008$16,012,552
68$30,444,604$2,297,872$539,284$17,507,602
69$33,471,913$2,332,428$479,309$19,152,109
70$36,805,549$2,366,218$414,867$20,961,280
71$40,476,681$2,399,128$345,731$22,951,873
72$44,519,652$2,431,035$271,663$25,142,358
73$48,972,309$2,461,808$192,416$27,553,088
74$53,876,353$2,491,305$107,730$30,206,498
75$59,277,740$2,519,378$17,338$33,127,310
76$65,227,106$2,545,864$0$36,342,772
77$71,780,254$2,570,595$0$39,890,510
78$78,998,673$2,593,386$0$43,798,292
79$86,950,120$2,614,045$0$48,100,953
80$95,709,263$2,632,364$0$52,838,720
81$105,358,380$2,648,122$0$58,055,927
82$115,988,141$2,661,086$0$63,801,427
83$127,698,459$2,671,007$0$70,129,064
84$140,599,434$2,677,618$0$77,098,171
85$154,812,394$2,680,639$0$84,774,140
86$170,471,038$2,679,770$0$93,229,034
87$187,722,699$2,674,694$0$102,542,268
88$206,729,733$2,665,073$0$112,801,364
89$227,671,053$2,650,549$0$124,102,773
90$250,743,817$2,630,743$0$136,552,789
91$276,165,288$2,605,251$0$150,268,552
92$304,174,885$2,573,646$0$165,379,155
93$335,036,445$2,535,476$0$182,026,866
94$369,040,708$2,490,260$0$200,368,466
95$406,508,069$2,437,492$0$220,576,739
96$447,791,595$2,376,631$0$242,842,097
97$493,280,361$2,307,110$0$267,374,380
98$543,403,123$2,228,323$0$294,404,843
99$598,632,363$2,139,633$0$324,188,336
100$659,488,754$2,040,364$0$357,005,713