Can I retire at age 30 with 970,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$80,102$79,388$78,692$78,013$77,349$76,829
2 years$39,654$38,916$38,200$37,506$36,833$36,309
3 years$26,174$25,432$24,718$24,030$23,368$22,856
4 years$19,435$18,695$17,988$17,313$16,666$16,170
5 years$15,392$14,657$13,960$13,298$12,670$12,190
6 years$12,698$11,969$11,282$10,634$10,025$9,563
7 years$10,775$10,051$9,375$8,743$8,153$7,710
8 years$9,333$8,616$7,951$7,334$6,764$6,338
9 years$8,212$7,502$6,848$6,247$5,696$5,289
10 years$7,315$6,612$5,970$5,385$4,853$4,463
11 years$6,583$5,887$5,256$4,687$4,174$3,802
12 years$5,972$5,283$4,665$4,111$3,617$3,262
13 years$5,456$4,775$4,168$3,629$3,154$2,816
14 years$5,015$4,340$3,745$3,222$2,765$2,443
15 years$4,632$3,965$3,381$2,873$2,434$2,128
16 years$4,297$3,638$3,065$2,573$2,152$1,861
17 years$4,003$3,350$2,789$2,311$1,908$1,632
18 years$3,741$3,096$2,546$2,083$1,696$1,435
19 years$3,507$2,869$2,331$1,882$1,512$1,265
20 years$3,297$2,666$2,139$1,705$1,350$1,117
21 years$3,107$2,483$1,968$1,547$1,209$988
22 years$2,934$2,318$1,814$1,407$1,083$875
23 years$2,777$2,168$1,674$1,281$972$776
24 years$2,633$2,031$1,549$1,168$874$689
25 years$2,501$1,906$1,434$1,067$786$613
26 years$2,379$1,792$1,330$976$708$545
27 years$2,266$1,686$1,235$893$639$485
28 years$2,162$1,589$1,148$818$576$432
29 years$2,065$1,499$1,069$750$520$386
30 years$1,975$1,415$995$689$470$344
31 years$1,890$1,338$928$632$425$307
32 years$1,811$1,266$866$581$385$274
33 years$1,737$1,199$808$535$348$245
34 years$1,668$1,136$755$492$315$219
35 years$1,602$1,078$706$453$285$196
36 years$1,541$1,023$661$417$259$175
37 years$1,482$972$618$384$234$156
38 years$1,427$923$579$354$212$140
39 years$1,375$878$542$326$193$125
40 years$1,326$835$508$301$175$112
41 years$1,279$795$477$278$159$100
42 years$1,235$757$447$256$144$90
43 years$1,193$722$420$237$131$80
44 years$1,152$688$394$219$119$72
45 years$1,114$656$370$202$108$64
46 years$1,078$626$347$186$98$58
47 years$1,043$597$326$172$89$52
48 years$1,009$570$307$159$81$46
49 years$978$544$288$147$73$41
50 years$947$520$271$136$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $970,000, adding $5,020 every year, while hoping to spend $42,735 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: 73/7/20 Blend
29$970,000$970,000$970,000$970,000
30$1,074,118$1,022,708$1,007,673$1,147,031
31$1,138,208$1,027,351$995,960$1,200,793
32$1,207,404$1,030,789$982,423$1,254,033
33$1,282,179$1,032,919$966,955$1,311,271
34$1,363,058$1,033,628$949,445$1,372,897
35$1,450,615$1,032,801$929,776$1,439,339
36$1,545,481$1,030,311$907,826$1,511,073
37$1,648,351$1,026,027$883,469$1,588,619
38$1,759,988$1,019,808$856,571$1,672,556
39$1,881,233$1,011,504$826,992$1,763,520
40$2,013,008$1,000,958$794,586$1,862,211
41$2,156,332$988,002$759,201$1,969,404
42$2,312,322$972,457$720,678$2,085,952
43$2,482,207$954,137$678,850$2,212,798
44$2,667,343$932,841$633,543$2,350,979
45$2,869,220$908,357$584,574$2,501,642
46$3,089,477$880,463$531,753$2,666,051
47$3,329,919$848,921$474,882$2,845,599
48$3,592,534$813,481$413,754$3,041,823
49$3,879,508$773,878$348,151$3,256,420
50$4,193,252$729,832$277,848$3,491,259
51$4,536,414$681,045$202,607$3,748,404
52$4,911,917$627,204$122,182$4,030,128
53$5,322,973$567,978$36,316$4,338,942
54$5,773,124$503,016$0$4,677,611
55$6,266,266$431,948$0$5,060,991
56$6,806,695$354,382$0$5,489,680
57$7,399,137$269,906$0$5,959,693
58$8,048,800$178,083$0$6,475,187
59$8,761,419$78,451$0$7,040,740
60$9,543,313$0$0$7,661,401
61$10,401,439$0$0$8,344,997
62$11,343,462$0$0$9,102,107
63$12,377,825$0$0$9,933,478
64$13,513,830$0$0$10,846,593
65$14,761,720$0$0$11,849,692
66$16,132,785$0$0$12,951,854
67$17,639,457$0$0$14,163,083
68$19,295,435$0$0$15,494,395
69$21,115,811$0$0$16,957,932
70$23,117,210$0$0$18,567,068
71$25,317,952$0$0$20,336,538
72$27,738,217$0$0$22,282,576
73$30,400,240$0$0$24,423,068
74$33,328,521$0$0$26,777,723
75$36,550,051$0$0$29,368,252
76$40,094,571$0$0$32,218,581
77$43,994,849$0$0$35,355,067
78$48,286,991$0$0$38,806,757
79$53,010,778$0$0$42,605,652
80$58,210,044$0$0$46,787,012
81$63,933,089$0$0$51,389,693
82$70,233,131$0$0$56,456,504
83$77,168,812$0$0$62,034,620
84$84,804,747$0$0$68,176,020
85$93,212,137$0$0$74,937,979
86$102,469,435$0$0$82,383,610
87$112,663,091$0$0$90,582,457
88$123,888,367$0$0$99,611,152
89$136,250,231$0$0$109,554,136
90$149,864,349$0$0$120,504,458
91$164,858,181$0$0$132,564,650
92$181,372,175$0$0$145,847,697
93$199,561,099$0$0$160,478,101
94$219,595,494$0$0$176,593,055
95$241,663,292$0$0$194,343,739
96$265,971,580$0$0$213,896,746
97$292,748,560$0$0$235,435,653
98$322,245,701$0$0$259,162,754
99$354,740,109$0$0$285,300,968
100$390,537,145$0$0$314,095,944