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%20%
1 years$80,102$79,388$78,692$78,013$77,349$74,251
2 years$39,654$38,916$38,200$37,506$36,833$33,750
3 years$26,174$25,432$24,718$24,030$23,368$20,399
4 years$19,435$18,695$17,988$17,313$16,666$13,832
5 years$15,392$14,657$13,960$13,298$12,670$9,978
6 years$12,698$11,969$11,282$10,634$10,025$7,477
7 years$10,775$10,051$9,375$8,743$8,153$5,749
8 years$9,333$8,616$7,951$7,334$6,764$4,500
9 years$8,212$7,502$6,848$6,247$5,696$3,570
10 years$7,315$6,612$5,970$5,385$4,853$2,860
11 years$6,583$5,887$5,256$4,687$4,174$2,309
12 years$5,972$5,283$4,665$4,111$3,617$1,876
13 years$5,456$4,775$4,168$3,629$3,154$1,531
14 years$5,015$4,340$3,745$3,222$2,765$1,254
15 years$4,632$3,965$3,381$2,873$2,434$1,031
16 years$4,297$3,638$3,065$2,573$2,152$849
17 years$4,003$3,350$2,789$2,311$1,908$701
18 years$3,741$3,096$2,546$2,083$1,696$580
19 years$3,507$2,869$2,331$1,882$1,512$480
20 years$3,297$2,666$2,139$1,705$1,350$398
21 years$3,107$2,483$1,968$1,547$1,209$330
22 years$2,934$2,318$1,814$1,407$1,083$274
23 years$2,777$2,168$1,674$1,281$972$228
24 years$2,633$2,031$1,549$1,168$874$189
25 years$2,501$1,906$1,434$1,067$786$157
26 years$2,379$1,792$1,330$976$708$131
27 years$2,266$1,686$1,235$893$639$109
28 years$2,162$1,589$1,148$818$576$91
29 years$2,065$1,499$1,069$750$520$75
30 years$1,975$1,415$995$689$470$63
31 years$1,890$1,338$928$632$425$52
32 years$1,811$1,266$866$581$385$44
33 years$1,737$1,199$808$535$348$36
34 years$1,668$1,136$755$492$315$30
35 years$1,602$1,078$706$453$285$25
36 years$1,541$1,023$661$417$259$21
37 years$1,482$972$618$384$234$17
38 years$1,427$923$579$354$212$15
39 years$1,375$878$542$326$193$12
40 years$1,326$835$508$301$175$10
41 years$1,279$795$477$278$159$8
42 years$1,235$757$447$256$144$7
43 years$1,193$722$420$237$131$6
44 years$1,152$688$394$219$119$5
45 years$1,114$656$370$202$108$4
46 years$1,078$626$347$186$98$3
47 years$1,043$597$326$172$89$3
48 years$1,009$570$307$159$81$2
49 years$978$544$288$147$73$2
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 $5,023 every year, while hoping to spend $22,051 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: 68/12/20 Blend
29$970,000$970,000$970,000$970,000
30$1,074,121$1,022,711$1,007,676$1,141,504
31$1,160,219$1,049,362$1,017,971$1,213,853
32$1,254,361$1,076,580$1,027,872$1,289,932
33$1,357,342$1,104,368$1,037,342$1,372,620
34$1,470,041$1,132,733$1,046,344$1,462,568
35$1,593,424$1,161,676$1,054,835$1,560,491
36$1,728,556$1,191,200$1,062,774$1,667,179
37$1,876,608$1,221,308$1,070,117$1,783,502
38$2,038,871$1,252,002$1,076,815$1,910,417
39$2,216,767$1,283,280$1,082,819$2,048,978
40$2,411,861$1,315,145$1,088,077$2,200,350
41$2,625,877$1,347,594$1,092,534$2,365,811
42$2,860,716$1,380,625$1,096,133$2,546,774
43$3,118,468$1,414,235$1,098,813$2,744,793
44$3,401,439$1,448,419$1,100,510$2,961,582
45$3,712,167$1,483,173$1,101,159$3,199,028
46$4,053,448$1,518,489$1,100,687$3,459,213
47$4,428,363$1,554,358$1,099,024$3,744,427
48$4,840,305$1,590,771$1,096,090$4,057,197
49$5,293,014$1,627,716$1,091,807$4,400,306
50$5,790,607$1,665,179$1,086,088$4,776,822
51$6,337,622$1,703,147$1,078,845$5,190,125
52$6,939,059$1,741,600$1,069,986$5,643,939
53$7,600,425$1,780,520$1,059,412$6,142,370
54$8,327,787$1,819,885$1,047,022$6,689,941
55$9,127,833$1,859,671$1,032,708$7,291,636
56$10,007,927$1,899,850$1,016,359$7,952,949
57$10,976,187$1,940,393$997,858$8,679,935
58$12,041,553$1,981,268$977,082$9,479,264
59$13,213,879$2,022,438$953,902$10,358,290
60$14,504,022$2,063,864$928,184$11,325,114
61$15,923,942$2,105,504$899,789$12,388,667
62$17,486,820$2,147,309$868,568$13,558,788
63$19,207,179$2,189,231$834,368$14,846,322
64$21,101,021$2,231,212$797,028$16,263,222
65$23,185,977$2,273,194$756,381$17,822,656
66$25,481,478$2,315,112$712,251$19,539,141
67$28,008,932$2,356,895$664,455$21,428,674
68$30,791,929$2,398,469$612,800$23,508,881
69$33,856,463$2,439,751$557,086$25,799,192
70$37,231,178$2,480,655$497,104$28,321,016
71$40,947,637$2,521,086$432,636$31,097,948
72$45,040,619$2,560,942$363,452$34,155,991
73$49,548,449$2,600,115$289,315$37,523,802
74$54,513,359$2,638,490$209,976$41,232,961
75$59,981,886$2,675,940$125,174$45,318,272
76$66,005,309$2,712,332$34,638$49,818,089
77$72,640,138$2,747,523$0$54,774,681
78$79,948,642$2,781,361$0$60,247,857
79$87,999,437$2,813,682$0$66,284,474
80$96,868,139$2,844,312$0$72,933,772
81$106,638,071$2,873,065$0$80,258,165
82$117,401,051$2,899,742$0$88,326,436
83$129,258,261$2,924,132$0$97,214,376
84$142,321,199$2,946,009$0$107,005,511
85$156,712,732$2,965,135$0$117,791,880
86$172,568,257$2,981,252$0$129,674,913
87$190,036,976$2,994,091$0$142,766,381
88$209,283,308$3,003,361$0$157,189,456
89$230,488,436$3,008,757$0$173,079,869
90$253,852,021$3,009,951$0$190,587,199
91$279,594,086$3,006,597$0$209,876,276
92$307,957,090$2,998,327$0$231,128,742
93$339,208,219$2,984,751$0$254,544,768
94$373,641,907$2,965,454$0$280,344,937
95$411,582,617$2,939,997$0$308,772,332
96$453,387,901$2,907,913$0$340,094,830
97$499,451,774$2,868,709$0$374,607,627
98$550,208,440$2,821,860$0$412,636,030
99$606,136,382$2,766,812$0$454,538,527
100$667,762,884$2,702,978$0$500,710,168