Can I retire at age 30 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$80,267$79,552$78,854$78,173$77,509$77,150
2 years$39,736$38,996$38,279$37,583$36,909$36,546
3 years$26,228$25,484$24,769$24,080$23,417$23,062
4 years$19,475$18,734$18,025$17,348$16,701$16,357
5 years$15,424$14,687$13,988$13,325$12,696$12,363
6 years$12,724$11,993$11,305$10,656$10,046$9,725
7 years$10,797$10,072$9,394$8,761$8,170$7,862
8 years$9,352$8,634$7,967$7,349$6,778$6,482
9 years$8,229$7,517$6,862$6,260$5,708$5,424
10 years$7,330$6,626$5,983$5,396$4,863$4,591
11 years$6,596$5,899$5,267$4,696$4,183$3,923
12 years$5,985$5,294$4,674$4,119$3,625$3,376
13 years$5,468$4,785$4,176$3,637$3,161$2,924
14 years$5,025$4,349$3,752$3,228$2,771$2,545
15 years$4,641$3,973$3,388$2,879$2,439$2,225
16 years$4,306$3,645$3,072$2,578$2,156$1,952
17 years$4,011$3,357$2,795$2,316$1,912$1,718
18 years$3,749$3,102$2,551$2,087$1,700$1,516
19 years$3,514$2,875$2,336$1,886$1,515$1,340
20 years$3,304$2,671$2,144$1,708$1,353$1,188
21 years$3,113$2,488$1,972$1,550$1,211$1,055
22 years$2,940$2,323$1,817$1,410$1,086$938
23 years$2,783$2,172$1,678$1,284$974$835
24 years$2,638$2,035$1,552$1,171$876$744
25 years$2,506$1,910$1,437$1,069$788$664
26 years$2,384$1,795$1,333$978$710$593
27 years$2,271$1,690$1,238$895$640$530
28 years$2,166$1,592$1,151$820$578$474
29 years$2,069$1,502$1,071$752$521$425
30 years$1,979$1,418$997$690$471$380
31 years$1,894$1,341$930$634$426$341
32 years$1,815$1,269$868$582$385$306
33 years$1,741$1,202$810$536$349$274
34 years$1,671$1,139$757$493$316$246
35 years$1,606$1,080$708$454$286$221
36 years$1,544$1,025$662$418$259$198
37 years$1,485$974$620$385$235$178
38 years$1,430$925$580$355$213$160
39 years$1,378$880$544$327$193$144
40 years$1,329$837$510$302$175$129
41 years$1,282$797$478$278$159$116
42 years$1,237$759$448$257$144$104
43 years$1,195$723$421$237$131$94
44 years$1,155$689$395$219$119$84
45 years$1,116$657$371$202$108$76
46 years$1,080$627$348$187$98$68
47 years$1,045$598$327$173$89$61
48 years$1,012$571$307$159$81$55
49 years$980$545$289$147$73$50
50 years$949$521$272$136$67$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $972,000, adding $3,249 every year, while hoping to spend $33,869 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: 65/12/23 Blend
29$972,000$972,000$972,000$972,000
30$1,074,495$1,022,979$1,007,913$1,137,752
31$1,148,058$1,037,069$1,005,642$1,194,825
32$1,227,988$1,050,714$1,002,160$1,253,059
33$1,314,900$1,063,856$997,390$1,315,929
34$1,409,470$1,076,435$991,252$1,383,890
35$1,512,440$1,088,385$983,663$1,457,447
36$1,624,628$1,099,634$974,534$1,537,156
37$1,746,933$1,110,110$963,775$1,623,630
38$1,880,346$1,119,731$951,287$1,717,546
39$2,025,957$1,128,414$936,971$1,819,650
40$2,184,966$1,136,067$920,720$1,930,764
41$2,358,692$1,142,594$902,425$2,051,797
42$2,548,591$1,147,894$881,968$2,183,750
43$2,756,263$1,151,856$859,230$2,327,727
44$2,983,471$1,154,366$834,083$2,484,946
45$3,232,155$1,155,300$806,394$2,656,749
46$3,504,452$1,154,527$776,026$2,844,620
47$3,802,716$1,151,909$742,833$3,050,191
48$4,129,539$1,147,298$706,663$3,275,265
49$4,487,774$1,140,537$667,359$3,521,829
50$4,880,565$1,131,462$624,754$3,792,074
51$5,311,375$1,119,896$578,675$4,088,417
52$5,784,017$1,105,652$528,942$4,413,524
53$6,302,690$1,088,534$475,366$4,770,334
54$6,872,023$1,068,330$417,749$5,162,088
55$7,497,111$1,044,820$355,886$5,592,359
56$8,183,569$1,017,769$289,560$6,065,088
57$8,937,581$986,927$218,548$6,584,621
58$9,765,959$952,031$142,614$7,155,749
59$10,676,209$912,803$61,514$7,783,755
60$11,676,600$868,948$0$8,474,464
61$12,776,240$820,153$0$9,240,441
62$13,985,165$766,090$0$10,099,135
63$15,314,432$706,408$0$11,043,307
64$16,776,222$640,739$0$12,081,637
65$18,383,955$568,694$0$13,223,689
66$20,152,418$489,860$0$14,480,001
67$22,097,904$403,802$0$15,862,190
68$24,238,362$310,061$0$17,383,053
69$26,593,571$208,150$0$19,056,696
70$29,185,323$97,556$0$20,898,664
71$32,037,628$0$0$22,926,087
72$35,176,944$0$0$25,160,783
73$38,632,421$0$0$27,634,793
74$42,436,181$0$0$30,358,241
75$46,623,617$0$0$33,356,480
76$51,233,728$0$0$36,657,442
77$56,309,487$0$0$40,291,908
78$61,898,246$0$0$44,293,795
79$68,052,183$0$0$48,700,476
80$74,828,790$0$0$53,553,133
81$82,291,423$0$0$58,897,145
82$90,509,893$0$0$64,782,516
83$99,561,126$0$0$71,264,348
84$109,529,890$0$0$78,403,359
85$120,509,595$0$0$86,266,455
86$132,603,170$0$0$94,927,364
87$145,924,041$0$0$104,467,330
88$160,597,194$0$0$114,975,881
89$176,760,358$0$0$126,551,669
90$194,565,307$0$0$139,303,408
91$214,179,285$0$0$153,350,893
92$235,786,590$0$0$168,826,136
93$259,590,313$0$0$185,874,607
94$285,814,251$0$0$204,656,610
95$314,705,020$0$0$225,348,796
96$346,534,387$0$0$248,145,827
97$381,601,826$0$0$273,262,216
98$420,237,354$0$0$300,934,351
99$462,804,637$0$0$331,422,724
100$509,704,431$0$0$365,014,392