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%19.2%
1 years$80,102$79,388$78,692$78,013$77,349$74,486
2 years$39,654$38,916$38,200$37,506$36,833$33,981
3 years$26,174$25,432$24,718$24,030$23,368$20,617
4 years$19,435$18,695$17,988$17,313$16,666$14,037
5 years$15,392$14,657$13,960$13,298$12,670$10,168
6 years$12,698$11,969$11,282$10,634$10,025$7,654
7 years$10,775$10,051$9,375$8,743$8,153$5,911
8 years$9,333$8,616$7,951$7,334$6,764$4,650
9 years$8,212$7,502$6,848$6,247$5,696$3,707
10 years$7,315$6,612$5,970$5,385$4,853$2,985
11 years$6,583$5,887$5,256$4,687$4,174$2,423
12 years$5,972$5,283$4,665$4,111$3,617$1,978
13 years$5,456$4,775$4,168$3,629$3,154$1,624
14 years$5,015$4,340$3,745$3,222$2,765$1,338
15 years$4,632$3,965$3,381$2,873$2,434$1,106
16 years$4,297$3,638$3,065$2,573$2,152$916
17 years$4,003$3,350$2,789$2,311$1,908$761
18 years$3,741$3,096$2,546$2,083$1,696$633
19 years$3,507$2,869$2,331$1,882$1,512$527
20 years$3,297$2,666$2,139$1,705$1,350$440
21 years$3,107$2,483$1,968$1,547$1,209$367
22 years$2,934$2,318$1,814$1,407$1,083$307
23 years$2,777$2,168$1,674$1,281$972$256
24 years$2,633$2,031$1,549$1,168$874$214
25 years$2,501$1,906$1,434$1,067$786$179
26 years$2,379$1,792$1,330$976$708$150
27 years$2,266$1,686$1,235$893$639$126
28 years$2,162$1,589$1,148$818$576$105
29 years$2,065$1,499$1,069$750$520$88
30 years$1,975$1,415$995$689$470$74
31 years$1,890$1,338$928$632$425$62
32 years$1,811$1,266$866$581$385$52
33 years$1,737$1,199$808$535$348$44
34 years$1,668$1,136$755$492$315$37
35 years$1,602$1,078$706$453$285$31
36 years$1,541$1,023$661$417$259$26
37 years$1,482$972$618$384$234$22
38 years$1,427$923$579$354$212$18
39 years$1,375$878$542$326$193$15
40 years$1,326$835$508$301$175$13
41 years$1,279$795$477$278$159$11
42 years$1,235$757$447$256$144$9
43 years$1,193$722$420$237$131$8
44 years$1,152$688$394$219$119$6
45 years$1,114$656$370$202$108$5
46 years$1,078$626$347$186$98$4
47 years$1,043$597$326$172$89$4
48 years$1,009$570$307$159$81$3
49 years$978$544$288$147$73$3
50 years$947$520$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 $970,000, adding $4,918 every year, while hoping to spend $32,715 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: 68/9/23 Blend
29$970,000$970,000$970,000$970,000
30$1,074,013$1,022,603$1,007,568$1,140,457
31$1,148,754$1,037,902$1,006,513$1,200,908
32$1,230,022$1,052,854$1,004,326$1,262,788
33$1,318,448$1,067,408$1,000,935$1,329,711
34$1,414,727$1,081,508$996,264$1,402,174
35$1,519,623$1,095,096$990,233$1,480,727
36$1,633,977$1,108,109$982,758$1,565,972
37$1,758,715$1,120,478$973,753$1,658,577
38$1,894,856$1,132,133$963,125$1,759,277
39$2,043,521$1,142,997$950,779$1,868,883
40$2,205,944$1,152,988$936,614$1,988,287
41$2,383,484$1,162,019$920,525$2,118,475
42$2,577,639$1,169,997$902,402$2,260,534
43$2,790,056$1,176,824$882,130$2,415,661
44$3,022,547$1,182,395$859,588$2,585,179
45$3,277,113$1,186,598$834,649$2,770,542
46$3,555,951$1,189,314$807,183$2,973,358
47$3,861,485$1,190,417$777,050$3,195,396
48$4,196,382$1,189,773$744,107$3,438,610
49$4,563,581$1,187,240$708,202$3,705,152
50$4,966,318$1,182,667$669,179$3,997,395
51$5,408,158$1,175,893$626,872$4,317,957
52$5,893,026$1,166,748$581,109$4,669,723
53$6,425,248$1,155,052$531,709$5,055,873
54$7,009,588$1,140,614$478,486$5,479,916
55$7,651,292$1,123,230$421,241$5,945,717
56$8,356,142$1,102,687$359,771$6,457,541
57$9,130,506$1,078,756$293,861$7,020,086
58$9,981,400$1,051,197$223,287$7,638,534
59$10,916,551$1,019,754$147,816$8,318,597
60$11,944,475$984,158$67,203$9,066,572
61$13,074,551$944,122$0$9,889,401
62$14,317,116$899,344$0$10,799,358
63$15,683,554$849,504$0$11,818,159
64$17,186,411$794,264$0$12,938,662
65$18,839,508$733,266$0$14,171,191
66$20,658,073$666,132$0$15,527,122
67$22,658,886$592,461$0$17,018,988
68$24,860,433$511,832$0$18,660,604
69$27,283,083$423,798$0$20,467,190
70$29,949,280$327,887$0$22,455,520
71$32,883,754$223,601$0$24,644,078
72$36,113,754$110,414$0$27,053,232
73$39,669,303$0$0$29,705,428
74$43,583,484$0$0$32,626,613
75$47,892,751$0$0$35,854,762
76$52,637,271$0$0$39,409,040
77$57,861,305$0$0$43,322,613
78$63,613,625$0$0$47,632,027
79$69,947,970$0$0$52,377,551
80$76,923,560$0$0$57,603,562
81$84,605,649$0$0$63,358,955
82$93,066,141$0$0$69,697,614
83$102,384,271$0$0$76,678,911
84$112,647,349$0$0$84,368,273
85$123,951,588$0$0$92,837,796
86$136,403,007$0$0$102,166,924
87$150,118,434$0$0$112,443,203
88$165,226,608$0$0$123,763,104
89$181,869,392$0$0$136,232,930
90$200,203,115$0$0$149,969,828
91$220,400,043$0$0$165,102,886
92$242,650,009$0$0$181,774,353
93$267,162,200$0$0$200,140,986
94$294,167,133$0$0$220,375,523
95$323,918,834$0$0$242,668,318
96$356,697,227$0$0$267,229,135
97$392,810,785$0$0$294,289,127
98$432,599,434$0$0$324,103,021
99$476,437,767$0$0$356,951,519
100$524,738,575$0$0$393,143,949