Can I retire at age 30 with 971,000?

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 $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%11.6%
1 years$80,184$79,470$78,773$78,093$77,429$76,909
2 years$39,695$38,956$38,239$37,545$36,871$36,346
3 years$26,201$25,458$24,743$24,055$23,392$22,880
4 years$19,455$18,714$18,007$17,330$16,684$16,187
5 years$15,408$14,672$13,974$13,311$12,683$12,203
6 years$12,711$11,981$11,293$10,645$10,035$9,573
7 years$10,786$10,062$9,385$8,752$8,161$7,717
8 years$9,342$8,625$7,959$7,342$6,771$6,345
9 years$8,220$7,509$6,855$6,254$5,702$5,294
10 years$7,323$6,619$5,976$5,391$4,858$4,468
11 years$6,589$5,893$5,261$4,692$4,178$3,806
12 years$5,979$5,289$4,669$4,115$3,621$3,265
13 years$5,462$4,780$4,172$3,633$3,157$2,819
14 years$5,020$4,345$3,748$3,225$2,768$2,445
15 years$4,637$3,969$3,384$2,876$2,437$2,130
16 years$4,302$3,641$3,068$2,575$2,154$1,863
17 years$4,007$3,354$2,792$2,314$1,910$1,634
18 years$3,745$3,099$2,549$2,085$1,698$1,437
19 years$3,511$2,872$2,333$1,884$1,513$1,266
20 years$3,300$2,669$2,141$1,707$1,352$1,118
21 years$3,110$2,486$1,970$1,549$1,210$989
22 years$2,937$2,320$1,815$1,408$1,084$876
23 years$2,780$2,170$1,676$1,282$973$777
24 years$2,636$2,033$1,550$1,170$875$690
25 years$2,503$1,908$1,436$1,068$787$613
26 years$2,381$1,793$1,332$977$709$546
27 years$2,269$1,688$1,237$894$639$486
28 years$2,164$1,590$1,150$819$577$433
29 years$2,067$1,500$1,070$751$521$386
30 years$1,977$1,417$996$689$471$344
31 years$1,892$1,339$929$633$426$307
32 years$1,813$1,267$867$582$385$274
33 years$1,739$1,200$809$535$348$245
34 years$1,669$1,138$756$492$315$219
35 years$1,604$1,079$707$453$286$196
36 years$1,542$1,024$661$417$259$175
37 years$1,484$973$619$385$235$156
38 years$1,429$924$580$354$213$140
39 years$1,377$879$543$327$193$125
40 years$1,328$836$509$301$175$112
41 years$1,281$796$477$278$159$100
42 years$1,236$758$448$257$144$90
43 years$1,194$722$420$237$131$80
44 years$1,154$689$394$219$119$72
45 years$1,115$657$370$202$108$64
46 years$1,079$626$348$187$98$58
47 years$1,044$598$327$172$89$52
48 years$1,010$571$307$159$81$46
49 years$979$545$289$147$73$41
50 years$948$521$271$136$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $971,000, adding $3,554 every year, while hoping to spend $35,008 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: 79/7/14 Blend
29$971,000$971,000$971,000$971,000
30$1,073,708$1,022,245$1,007,194$1,155,218
31$1,145,978$1,035,087$1,003,687$1,222,199
32$1,224,446$1,047,384$998,889$1,290,825
33$1,309,708$1,059,074$992,720$1,365,125
34$1,402,418$1,070,089$985,096$1,445,653
35$1,503,296$1,080,355$975,929$1,533,018
36$1,613,136$1,089,796$965,126$1,627,890
37$1,732,810$1,098,330$952,591$1,731,010
38$1,863,277$1,105,868$938,224$1,843,192
39$2,005,593$1,112,318$921,917$1,965,334
40$2,160,923$1,117,581$903,560$2,098,424
41$2,330,545$1,121,550$883,036$2,243,553
42$2,515,868$1,124,114$860,226$2,401,921
43$2,718,444$1,125,153$835,001$2,574,853
44$2,939,980$1,124,540$807,228$2,763,805
45$3,182,357$1,122,142$776,770$2,970,386
46$3,447,645$1,117,814$743,479$3,196,367
47$3,738,124$1,111,407$707,205$3,443,699
48$4,056,305$1,102,758$667,789$3,714,534
49$4,404,953$1,091,697$625,064$4,011,242
50$4,787,112$1,078,044$578,858$4,336,436
51$5,206,136$1,061,607$528,988$4,692,995
52$5,665,719$1,042,183$475,266$5,084,092
53$6,169,929$1,019,557$417,494$5,513,227
54$6,723,247$993,500$355,465$5,984,252
55$7,330,609$963,772$288,964$6,501,416
56$7,997,452$930,118$217,765$7,069,403
57$8,729,765$892,267$141,634$7,693,371
58$9,534,146$849,933$60,324$8,379,009
59$10,417,864$802,814$0$9,132,585
60$11,388,924$750,591$0$9,964,959
61$12,456,149$692,924$0$10,889,667
62$13,629,255$629,456$0$11,906,123
63$14,918,949$559,810$0$13,023,619
64$16,337,027$483,586$0$14,252,395
65$17,896,484$400,361$0$15,603,733
66$19,611,637$309,691$0$17,090,064
67$21,498,261$211,103$0$18,725,088
68$23,573,738$104,102$0$20,523,899
69$25,857,218$0$0$22,503,130
70$28,369,799$0$0$24,682,021
71$31,134,730$0$0$27,088,606
72$34,177,628$0$0$29,737,167
73$37,526,717$0$0$32,652,275
74$41,213,096$0$0$35,861,004
75$45,271,034$0$0$39,393,188
76$49,738,289$0$0$43,281,696
77$54,656,466$0$0$47,562,749
78$60,071,411$0$0$52,276,260
79$66,033,640$0$0$57,466,205
80$72,598,817$0$0$63,181,043
81$79,828,279$0$0$69,474,174
82$87,789,614$0$0$76,404,438
83$96,557,299$0$0$84,036,670
84$106,213,402$0$0$92,442,319
85$116,848,356$0$0$101,700,112
86$128,561,813$0$0$111,896,802
87$141,463,583$0$0$123,127,989
88$155,674,670$0$0$135,499,015
89$171,328,414$0$0$149,125,962
90$188,571,751$0$0$164,136,748
91$207,566,594$0$0$180,672,333
92$228,491,369$0$0$198,888,047
93$251,542,689$0$0$218,955,058
94$276,937,218$0$0$241,061,988
95$304,913,710$0$0$265,416,691
96$335,735,264$0$0$292,248,214
97$369,691,808$0$0$321,808,962
98$407,102,833$0$0$354,377,077
99$448,320,410$0$0$390,259,062
100$493,732,512$0$0$429,792,679