Can I retire at age 30 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$80,184$79,470$78,773$78,093$77,429$74,682
2 years$39,695$38,956$38,239$37,545$36,871$34,132
3 years$26,201$25,458$24,743$24,055$23,392$20,749
4 years$19,455$18,714$18,007$17,330$16,684$14,155
5 years$15,408$14,672$13,974$13,311$12,683$10,276
6 years$12,711$11,981$11,293$10,645$10,035$7,752
7 years$10,786$10,062$9,385$8,752$8,161$6,001
8 years$9,342$8,625$7,959$7,342$6,771$4,731
9 years$8,220$7,509$6,855$6,254$5,702$3,781
10 years$7,323$6,619$5,976$5,391$4,858$3,052
11 years$6,589$5,893$5,261$4,692$4,178$2,484
12 years$5,979$5,289$4,669$4,115$3,621$2,034
13 years$5,462$4,780$4,172$3,633$3,157$1,674
14 years$5,020$4,345$3,748$3,225$2,768$1,383
15 years$4,637$3,969$3,384$2,876$2,437$1,146
16 years$4,302$3,641$3,068$2,575$2,154$952
17 years$4,007$3,354$2,792$2,314$1,910$793
18 years$3,745$3,099$2,549$2,085$1,698$662
19 years$3,511$2,872$2,333$1,884$1,513$553
20 years$3,300$2,669$2,141$1,707$1,352$463
21 years$3,110$2,486$1,970$1,549$1,210$387
22 years$2,937$2,320$1,815$1,408$1,084$325
23 years$2,780$2,170$1,676$1,282$973$272
24 years$2,636$2,033$1,550$1,170$875$228
25 years$2,503$1,908$1,436$1,068$787$192
26 years$2,381$1,793$1,332$977$709$161
27 years$2,269$1,688$1,237$894$639$135
28 years$2,164$1,590$1,150$819$577$114
29 years$2,067$1,500$1,070$751$521$96
30 years$1,977$1,417$996$689$471$80
31 years$1,892$1,339$929$633$426$68
32 years$1,813$1,267$867$582$385$57
33 years$1,739$1,200$809$535$348$48
34 years$1,669$1,138$756$492$315$40
35 years$1,604$1,079$707$453$286$34
36 years$1,542$1,024$661$417$259$29
37 years$1,484$973$619$385$235$24
38 years$1,429$924$580$354$213$20
39 years$1,377$879$543$327$193$17
40 years$1,328$836$509$301$175$14
41 years$1,281$796$477$278$159$12
42 years$1,236$758$448$257$144$10
43 years$1,194$722$420$237$131$9
44 years$1,154$689$394$219$119$7
45 years$1,115$657$370$202$108$6
46 years$1,079$626$348$187$98$5
47 years$1,044$598$327$172$89$4
48 years$1,010$571$307$159$81$4
49 years$979$545$289$147$73$3
50 years$948$521$271$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $971,000, adding $4,853 every year, while hoping to spend $43,651 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: 56/17/27 Blend
29$971,000$971,000$971,000$971,000
30$1,075,048$1,023,585$1,008,534$1,127,023
31$1,138,258$1,027,296$995,876$1,166,994
32$1,206,453$1,029,726$981,330$1,205,562
33$1,280,095$1,030,767$964,789$1,246,690
34$1,359,692$1,030,301$946,136$1,290,639
35$1,445,802$1,028,207$925,253$1,337,698
36$1,539,039$1,024,354$902,014$1,388,188
37$1,640,077$1,018,605$876,288$1,442,464
38$1,749,660$1,010,811$847,938$1,500,920
39$1,868,602$1,000,817$816,821$1,563,991
40$1,997,801$988,459$782,786$1,632,161
41$2,138,245$973,561$745,677$1,705,964
42$2,291,018$955,938$705,330$1,785,991
43$2,457,317$935,394$661,574$1,872,897
44$2,638,456$911,721$614,229$1,967,407
45$2,835,881$884,698$563,108$2,070,321
46$3,051,185$854,093$508,017$2,182,527
47$3,286,121$819,658$448,750$2,305,005
48$3,542,617$781,133$385,095$2,438,840
49$3,822,797$738,242$316,829$2,585,232
50$4,128,999$690,692$243,719$2,745,505
51$4,463,796$638,175$165,523$2,921,125
52$4,830,022$580,364$81,987$3,113,714
53$5,230,797$516,915$0$3,325,060
54$5,669,556$447,462$0$3,559,205
55$6,150,084$371,620$0$3,841,612
56$6,676,545$288,982$0$4,151,135
57$7,253,529$199,119$0$4,490,529
58$7,886,088$101,575$0$4,862,828
59$8,579,789$0$0$5,271,383
60$9,340,760$0$0$5,720,658
61$10,175,755$0$0$6,234,573
62$11,092,209$0$0$6,798,714
63$12,098,315$0$0$7,418,138
64$13,203,097$0$0$8,098,410
65$14,416,496$0$0$8,845,663
66$15,749,461$0$0$9,666,655
67$17,214,058$0$0$10,568,828
68$18,823,575$0$0$11,560,383
69$20,592,654$0$0$12,650,352
70$22,537,425$0$0$13,848,689
71$24,675,658$0$0$15,166,358
72$27,026,933$0$0$16,615,440
73$29,612,820$0$0$18,209,245
74$32,457,086$0$0$19,962,437
75$35,585,915$0$0$21,891,174
76$39,028,158$0$0$24,013,259
77$42,815,603$0$0$26,348,305
78$46,983,274$0$0$28,917,926
79$51,569,763$0$0$31,745,934
80$56,617,591$0$0$34,858,567
81$62,173,610$0$0$38,284,737
82$68,289,446$0$0$42,056,301
83$75,021,982$0$0$46,208,359
84$82,433,897$0$0$50,779,591
85$90,594,258$0$0$55,812,614
86$99,579,167$0$0$61,354,391
87$109,472,481$0$0$67,456,669
88$120,366,605$0$0$74,176,470
89$132,363,360$0$0$81,576,626
90$145,574,944$0$0$89,726,373
91$160,124,990$0$0$98,702,007
92$176,149,735$0$0$108,587,596
93$193,799,303$0$0$119,475,783
94$213,239,118$0$0$131,468,650
95$234,651,472$0$0$144,678,689
96$258,237,237$0$0$159,229,859
97$284,217,767$0$0$175,258,759
98$312,836,982$0$0$192,915,911
99$344,363,670$0$0$212,367,186
100$379,094,025$0$0$233,795,367