Can I retire at age 30 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$80,102$79,388$78,692$78,013$77,349$76,926
2 years$39,654$38,916$38,200$37,506$36,833$36,406
3 years$26,174$25,432$24,718$24,030$23,368$22,951
4 years$19,435$18,695$17,988$17,313$16,666$16,262
5 years$15,392$14,657$13,960$13,298$12,670$12,279
6 years$12,698$11,969$11,282$10,634$10,025$9,648
7 years$10,775$10,051$9,375$8,743$8,153$7,791
8 years$9,333$8,616$7,951$7,334$6,764$6,416
9 years$8,212$7,502$6,848$6,247$5,696$5,363
10 years$7,315$6,612$5,970$5,385$4,853$4,534
11 years$6,583$5,887$5,256$4,687$4,174$3,869
12 years$5,972$5,283$4,665$4,111$3,617$3,326
13 years$5,456$4,775$4,168$3,629$3,154$2,877
14 years$5,015$4,340$3,745$3,222$2,765$2,500
15 years$4,632$3,965$3,381$2,873$2,434$2,183
16 years$4,297$3,638$3,065$2,573$2,152$1,912
17 years$4,003$3,350$2,789$2,311$1,908$1,681
18 years$3,741$3,096$2,546$2,083$1,696$1,481
19 years$3,507$2,869$2,331$1,882$1,512$1,308
20 years$3,297$2,666$2,139$1,705$1,350$1,158
21 years$3,107$2,483$1,968$1,547$1,209$1,026
22 years$2,934$2,318$1,814$1,407$1,083$911
23 years$2,777$2,168$1,674$1,281$972$810
24 years$2,633$2,031$1,549$1,168$874$721
25 years$2,501$1,906$1,434$1,067$786$642
26 years$2,379$1,792$1,330$976$708$573
27 years$2,266$1,686$1,235$893$639$511
28 years$2,162$1,589$1,148$818$576$457
29 years$2,065$1,499$1,069$750$520$408
30 years$1,975$1,415$995$689$470$365
31 years$1,890$1,338$928$632$425$326
32 years$1,811$1,266$866$581$385$292
33 years$1,737$1,199$808$535$348$262
34 years$1,668$1,136$755$492$315$234
35 years$1,602$1,078$706$453$285$210
36 years$1,541$1,023$661$417$259$188
37 years$1,482$972$618$384$234$169
38 years$1,427$923$579$354$212$151
39 years$1,375$878$542$326$193$136
40 years$1,326$835$508$301$175$122
41 years$1,279$795$477$278$159$109
42 years$1,235$757$447$256$144$98
43 years$1,193$722$420$237$131$88
44 years$1,152$688$394$219$119$79
45 years$1,114$656$370$202$108$71
46 years$1,078$626$347$186$98$64
47 years$1,043$597$326$172$89$57
48 years$1,009$570$307$159$81$51
49 years$978$544$288$147$73$46
50 years$947$520$271$136$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $970,000, adding $5,011 every year, while hoping to spend $50,570 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: 38/48/14 Blend
29$970,000$970,000$970,000$970,000
30$1,074,109$1,022,699$1,007,664$1,110,196
31$1,129,862$1,019,005$987,614$1,132,732
32$1,189,607$1,013,435$965,199$1,151,816
33$1,253,697$1,005,844$940,283$1,171,345
34$1,322,522$996,078$912,730$1,191,382
35$1,396,506$983,973$882,394$1,212,004
36$1,476,119$969,356$849,123$1,233,297
37$1,561,872$952,044$812,758$1,255,361
38$1,654,331$931,842$773,133$1,278,310
39$1,754,114$908,544$730,075$1,302,276
40$1,861,904$881,933$683,402$1,327,406
41$1,978,447$851,776$632,925$1,353,872
42$2,104,566$817,831$578,446$1,381,866
43$2,241,166$779,839$519,758$1,411,607
44$2,389,240$737,526$456,644$1,443,342
45$2,549,881$690,603$388,880$1,477,350
46$2,724,290$638,764$316,230$1,513,948
47$2,913,791$581,687$238,447$1,553,490
48$3,119,837$519,029$155,274$1,596,376
49$3,344,028$450,429$66,443$1,643,056
50$3,588,124$375,505$0$1,694,035
51$3,854,063$293,855$0$1,754,114
52$4,143,976$205,053$0$1,830,559
53$4,460,210$108,648$0$1,914,191
54$4,805,346$4,167$0$2,005,851
55$5,182,227$0$0$2,106,476
56$5,593,982$0$0$2,274,628
57$6,044,056$0$0$2,460,962
58$6,536,241$0$0$2,664,863
59$7,074,713$0$0$2,888,078
60$7,664,071$0$0$3,132,530
61$8,309,376$0$0$3,400,336
62$9,016,206$0$0$3,693,830
63$9,790,699$0$0$4,015,580
64$10,639,617$0$0$4,368,416
65$11,570,409$0$0$4,755,453
66$12,591,277$0$0$5,180,123
67$13,711,255$0$0$5,646,208
68$14,940,293$0$0$6,157,872
69$16,289,355$0$0$6,719,701
70$17,770,513$0$0$7,336,749
71$19,397,067$0$0$8,014,583
72$21,183,670$0$0$8,759,335
73$23,146,462$0$0$9,577,760
74$25,303,223$0$0$10,477,302
75$27,673,543$0$0$11,466,158
76$30,279,001$0$0$12,553,364
77$33,143,372$0$0$13,748,870
78$36,292,851$0$0$15,063,643
79$39,756,295$0$0$16,509,763
80$43,565,500$0$0$18,100,540
81$47,755,497$0$0$19,850,641
82$52,364,883$0$0$21,776,222
83$57,436,183$0$0$23,895,089
84$63,016,253$0$0$26,226,857
85$69,156,721$0$0$28,793,142
86$75,914,469$0$0$31,617,758
87$83,352,177$0$0$34,726,949
88$91,538,905$0$0$38,149,629
89$100,550,751$0$0$41,917,658
90$110,471,564$0$0$46,066,145
91$121,393,736$0$0$50,633,774
92$133,419,072$0$0$55,663,170
93$146,659,753$0$0$61,201,305
94$161,239,390$0$0$67,299,934
95$177,294,190$0$0$74,016,091
96$194,974,244$0$0$81,412,620
97$214,444,938$0$0$89,558,772
98$235,888,519$0$0$98,530,857
99$259,505,805$0$0$108,412,963
100$285,518,090$0$0$119,297,750