Can I retire at age 30 with 972,000?

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 $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%11.7%
1 years$80,267$79,552$78,854$78,173$77,509$76,956
2 years$39,736$38,996$38,279$37,583$36,909$36,351
3 years$26,228$25,484$24,769$24,080$23,417$22,872
4 years$19,475$18,734$18,025$17,348$16,701$16,173
5 years$15,424$14,687$13,988$13,325$12,696$12,186
6 years$12,724$11,993$11,305$10,656$10,046$9,555
7 years$10,797$10,072$9,394$8,761$8,170$7,698
8 years$9,352$8,634$7,967$7,349$6,778$6,326
9 years$8,229$7,517$6,862$6,260$5,708$5,275
10 years$7,330$6,626$5,983$5,396$4,863$4,449
11 years$6,596$5,899$5,267$4,696$4,183$3,787
12 years$5,985$5,294$4,674$4,119$3,625$3,247
13 years$5,468$4,785$4,176$3,637$3,161$2,801
14 years$5,025$4,349$3,752$3,228$2,771$2,429
15 years$4,641$3,973$3,388$2,879$2,439$2,115
16 years$4,306$3,645$3,072$2,578$2,156$1,848
17 years$4,011$3,357$2,795$2,316$1,912$1,619
18 years$3,749$3,102$2,551$2,087$1,700$1,423
19 years$3,514$2,875$2,336$1,886$1,515$1,253
20 years$3,304$2,671$2,144$1,708$1,353$1,106
21 years$3,113$2,488$1,972$1,550$1,211$977
22 years$2,940$2,323$1,817$1,410$1,086$865
23 years$2,783$2,172$1,678$1,284$974$767
24 years$2,638$2,035$1,552$1,171$876$680
25 years$2,506$1,910$1,437$1,069$788$604
26 years$2,384$1,795$1,333$978$710$537
27 years$2,271$1,690$1,238$895$640$478
28 years$2,166$1,592$1,151$820$578$426
29 years$2,069$1,502$1,071$752$521$379
30 years$1,979$1,418$997$690$471$338
31 years$1,894$1,341$930$634$426$301
32 years$1,815$1,269$868$582$385$269
33 years$1,741$1,202$810$536$349$240
34 years$1,671$1,139$757$493$316$214
35 years$1,606$1,080$708$454$286$191
36 years$1,544$1,025$662$418$259$171
37 years$1,485$974$620$385$235$153
38 years$1,430$925$580$355$213$136
39 years$1,378$880$544$327$193$122
40 years$1,329$837$510$302$175$109
41 years$1,282$797$478$278$159$97
42 years$1,237$759$448$257$144$87
43 years$1,195$723$421$237$131$78
44 years$1,155$689$395$219$119$70
45 years$1,116$657$371$202$108$62
46 years$1,080$627$348$187$98$56
47 years$1,045$598$327$173$89$50
48 years$1,012$571$307$159$81$45
49 years$980$545$289$147$73$40
50 years$949$521$272$136$67$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $972,000, adding $4,140 every year, while hoping to spend $28,802 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: 30/45/25 Blend
29$972,000$972,000$972,000$972,000
30$1,075,414$1,023,898$1,008,832$1,099,260
31$1,154,462$1,043,424$1,011,983$1,137,555
32$1,240,606$1,062,942$1,014,274$1,175,898
33$1,334,542$1,082,420$1,015,646$1,216,563
34$1,437,032$1,101,825$1,016,037$1,259,770
35$1,548,917$1,121,122$1,015,382$1,305,764
36$1,671,120$1,140,271$1,013,611$1,354,813
37$1,804,662$1,159,232$1,010,655$1,407,217
38$1,950,662$1,177,959$1,006,436$1,463,306
39$2,110,355$1,196,404$1,000,877$1,523,444
40$2,285,099$1,214,515$993,894$1,588,035
41$2,476,391$1,232,238$985,401$1,657,526
42$2,685,878$1,249,514$975,308$1,732,410
43$2,915,375$1,266,277$963,518$1,813,232
44$3,166,881$1,282,462$949,933$1,900,595
45$3,442,595$1,297,995$934,449$1,995,166
46$3,744,942$1,312,799$916,955$2,097,681
47$4,076,591$1,326,792$897,338$2,208,954
48$4,440,483$1,339,884$875,478$2,329,886
49$4,839,856$1,351,982$851,251$2,461,470
50$5,278,279$1,362,987$824,525$2,604,805
51$5,759,680$1,372,790$795,164$2,761,104
52$6,288,390$1,381,279$763,024$2,931,707
53$6,869,176$1,388,332$727,955$3,118,097
54$7,507,292$1,393,821$689,802$3,321,908
55$8,208,527$1,397,609$648,402$3,544,948
56$8,979,255$1,399,550$603,582$3,789,210
57$9,826,502$1,399,491$555,164$4,056,900
58$10,758,005$1,397,266$502,963$4,350,450
59$11,782,292$1,392,702$446,782$4,672,545
60$12,908,756$1,385,615$386,419$5,026,152
61$14,147,746$1,375,807$321,661$5,414,545
62$15,510,665$1,363,070$252,286$5,841,339
63$17,010,078$1,347,186$178,062$6,310,523
64$18,659,826$1,327,918$98,748$6,826,500
65$20,475,162$1,305,020$14,090$7,394,132
66$22,472,892$1,278,229$0$8,018,781
67$24,671,532$1,247,267$0$8,726,710
68$27,091,485$1,211,840$0$9,509,441
69$29,755,231$1,171,635$0$10,370,497
70$32,687,544$1,126,324$0$11,317,911
71$35,915,716$1,075,556$0$12,360,541
72$39,469,824$1,018,964$0$13,508,156
73$43,383,008$956,155$0$14,771,527
74$47,691,786$886,718$0$16,162,530
75$52,436,397$810,215$0$17,694,262
76$57,661,179$726,186$0$19,381,163
77$63,414,991$634,141$0$21,239,155
78$69,751,672$533,565$0$23,285,791
79$76,730,547$423,915$0$25,540,429
80$84,416,990$304,614$0$28,024,407
81$92,883,038$175,055$0$30,761,253
82$102,208,072$34,597$0$33,776,908
83$112,479,564$0$0$37,099,968
84$123,793,907$0$0$40,820,116
85$136,257,316$0$0$44,937,176
86$149,986,842$0$0$49,472,708
87$165,111,464$0$0$54,469,351
88$181,773,316$0$0$59,974,089
89$200,129,021$0$0$66,038,700
90$220,351,176$0$0$72,720,240
91$242,629,974$0$0$80,081,583
92$267,175,003$0$0$88,192,015
93$294,217,223$0$0$97,127,888
94$324,011,147$0$0$106,973,338
95$356,837,239$0$0$117,821,085
96$393,004,566$0$0$129,773,300
97$432,853,714$0$0$142,942,577
98$476,760,000$0$0$157,452,991
99$525,137,015$0$0$173,441,271
100$578,440,533$0$0$191,058,089