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%17.9%
1 years$80,184$79,470$78,773$78,093$77,429$74,950
2 years$39,695$38,956$38,239$37,545$36,871$34,397
3 years$26,201$25,458$24,743$24,055$23,392$21,000
4 years$19,455$18,714$18,007$17,330$16,684$14,392
5 years$15,408$14,672$13,974$13,311$12,683$10,497
6 years$12,711$11,981$11,293$10,645$10,035$7,958
7 years$10,786$10,062$9,385$8,752$8,161$6,192
8 years$9,342$8,625$7,959$7,342$6,771$4,908
9 years$8,220$7,509$6,855$6,254$5,702$3,944
10 years$7,323$6,619$5,976$5,391$4,858$3,202
11 years$6,589$5,893$5,261$4,692$4,178$2,621
12 years$5,979$5,289$4,669$4,115$3,621$2,159
13 years$5,462$4,780$4,172$3,633$3,157$1,788
14 years$5,020$4,345$3,748$3,225$2,768$1,486
15 years$4,637$3,969$3,384$2,876$2,437$1,240
16 years$4,302$3,641$3,068$2,575$2,154$1,037
17 years$4,007$3,354$2,792$2,314$1,910$869
18 years$3,745$3,099$2,549$2,085$1,698$730
19 years$3,511$2,872$2,333$1,884$1,513$614
20 years$3,300$2,669$2,141$1,707$1,352$517
21 years$3,110$2,486$1,970$1,549$1,210$436
22 years$2,937$2,320$1,815$1,408$1,084$368
23 years$2,780$2,170$1,676$1,282$973$311
24 years$2,636$2,033$1,550$1,170$875$263
25 years$2,503$1,908$1,436$1,068$787$222
26 years$2,381$1,793$1,332$977$709$188
27 years$2,269$1,688$1,237$894$639$159
28 years$2,164$1,590$1,150$819$577$135
29 years$2,067$1,500$1,070$751$521$114
30 years$1,977$1,417$996$689$471$97
31 years$1,892$1,339$929$633$426$82
32 years$1,813$1,267$867$582$385$69
33 years$1,739$1,200$809$535$348$59
34 years$1,669$1,138$756$492$315$50
35 years$1,604$1,079$707$453$286$42
36 years$1,542$1,024$661$417$259$36
37 years$1,484$973$619$385$235$30
38 years$1,429$924$580$354$213$26
39 years$1,377$879$543$327$193$22
40 years$1,328$836$509$301$175$19
41 years$1,281$796$477$278$159$16
42 years$1,236$758$448$257$144$13
43 years$1,194$722$420$237$131$11
44 years$1,154$689$394$219$119$10
45 years$1,115$657$370$202$108$8
46 years$1,079$626$348$187$98$7
47 years$1,044$598$327$172$89$6
48 years$1,010$571$307$159$81$5
49 years$979$545$289$147$73$4
50 years$948$521$271$136$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $971,000, adding $6,576 every year, while hoping to spend $58,272 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: 87/6/7 Blend
29$971,000$971,000$971,000$971,000
30$1,076,825$1,025,362$1,010,312$1,169,385
31$1,124,660$1,013,604$982,156$1,218,937
32$1,175,422$999,317$951,104$1,264,642
33$1,229,346$982,315$916,998$1,312,993
34$1,286,693$962,401$879,671$1,364,215
35$1,347,746$939,369$838,950$1,418,555
36$1,412,815$912,997$794,653$1,476,283
37$1,482,240$883,052$746,593$1,537,696
38$1,556,395$849,288$694,570$1,603,124
39$1,635,686$811,442$638,377$1,672,925
40$1,720,562$769,239$577,799$1,747,495
41$1,811,514$722,386$512,610$1,827,272
42$1,909,080$670,575$442,573$1,912,735
43$2,013,850$613,477$367,444$2,004,412
44$2,126,474$550,748$286,964$2,102,884
45$2,247,662$482,022$200,865$2,208,793
46$2,378,196$406,914$108,866$2,322,842
47$2,518,935$325,016$10,676$2,445,808
48$2,670,821$235,897$0$2,578,546
49$2,834,891$139,102$0$2,729,028
50$3,012,283$34,151$0$2,892,569
51$3,204,248$0$0$3,069,539
52$3,412,162$0$0$3,266,470
53$3,637,537$0$0$3,482,391
54$3,882,037$0$0$3,716,644
55$4,147,490$0$0$3,970,979
56$4,435,908$0$0$4,247,328
57$4,749,504$0$0$4,547,809
58$5,090,712$0$0$4,874,759
59$5,462,211$0$0$5,230,744
60$5,866,949$0$0$5,618,591
61$6,308,170$0$0$6,041,408
62$6,789,443$0$0$6,502,620
63$7,314,698$0$0$7,005,992
64$7,888,260$0$0$7,555,671
65$8,514,890$0$0$8,156,222
66$9,199,830$0$0$8,812,671
67$9,948,852$0$0$9,530,549
68$10,768,309$0$0$10,315,949
69$11,665,198$0$0$11,175,579
70$12,647,222$0$0$12,116,823
71$13,722,867$0$0$13,147,817
72$14,901,475$0$0$14,277,517
73$16,193,336$0$0$15,515,788
74$17,609,781$0$0$16,873,494
75$19,163,293$0$0$18,362,602
76$20,867,618$0$0$19,996,292
77$22,737,900$0$0$21,789,080
78$24,790,816$0$0$23,756,957
79$27,044,739$0$0$25,917,537
80$29,519,908$0$0$28,290,224
81$32,238,618$0$0$30,896,391
82$35,225,428$0$0$33,759,586
83$38,507,394$0$0$36,905,746
84$42,114,324$0$0$40,363,450
85$46,079,054$0$0$44,164,178
86$50,437,763$0$0$48,342,616
87$55,230,307$0$0$52,936,977
88$60,500,599$0$0$57,989,359
89$66,297,021$0$0$63,546,148
90$72,672,876$0$0$69,658,448
91$79,686,895$0$0$76,382,567
92$87,403,789$0$0$83,780,543
93$95,894,853$0$0$91,920,732
94$105,238,646$0$0$100,878,449
95$115,521,726$0$0$110,736,680
96$126,839,464$0$0$121,586,862
97$139,296,950$0$0$133,529,747
98$153,009,975$0$0$146,676,348
99$168,106,127$0$0$161,148,990
100$184,725,995$0$0$177,082,458