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%17.5%
1 years$80,267$79,552$78,854$78,173$77,509$75,148
2 years$39,736$38,996$38,279$37,583$36,909$34,551
3 years$26,228$25,484$24,769$24,080$23,417$21,135
4 years$19,475$18,734$18,025$17,348$16,701$14,513
5 years$15,424$14,687$13,988$13,325$12,696$10,608
6 years$12,724$11,993$11,305$10,656$10,046$8,060
7 years$10,797$10,072$9,394$8,761$8,170$6,286
8 years$9,352$8,634$7,967$7,349$6,778$4,994
9 years$8,229$7,517$6,862$6,260$5,708$4,023
10 years$7,330$6,626$5,983$5,396$4,863$3,274
11 years$6,596$5,899$5,267$4,696$4,183$2,687
12 years$5,985$5,294$4,674$4,119$3,625$2,219
13 years$5,468$4,785$4,176$3,637$3,161$1,843
14 years$5,025$4,349$3,752$3,228$2,771$1,536
15 years$4,641$3,973$3,388$2,879$2,439$1,285
16 years$4,306$3,645$3,072$2,578$2,156$1,078
17 years$4,011$3,357$2,795$2,316$1,912$906
18 years$3,749$3,102$2,551$2,087$1,700$763
19 years$3,514$2,875$2,336$1,886$1,515$644
20 years$3,304$2,671$2,144$1,708$1,353$544
21 years$3,113$2,488$1,972$1,550$1,211$460
22 years$2,940$2,323$1,817$1,410$1,086$390
23 years$2,783$2,172$1,678$1,284$974$330
24 years$2,638$2,035$1,552$1,171$876$280
25 years$2,506$1,910$1,437$1,069$788$238
26 years$2,384$1,795$1,333$978$710$202
27 years$2,271$1,690$1,238$895$640$171
28 years$2,166$1,592$1,151$820$578$145
29 years$2,069$1,502$1,071$752$521$124
30 years$1,979$1,418$997$690$471$105
31 years$1,894$1,341$930$634$426$89
32 years$1,815$1,269$868$582$385$76
33 years$1,741$1,202$810$536$349$65
34 years$1,671$1,139$757$493$316$55
35 years$1,606$1,080$708$454$286$47
36 years$1,544$1,025$662$418$259$40
37 years$1,485$974$620$385$235$34
38 years$1,430$925$580$355$213$29
39 years$1,378$880$544$327$193$24
40 years$1,329$837$510$302$175$21
41 years$1,282$797$478$278$159$18
42 years$1,237$759$448$257$144$15
43 years$1,195$723$421$237$131$13
44 years$1,155$689$395$219$119$11
45 years$1,116$657$371$202$108$9
46 years$1,080$627$348$187$98$8
47 years$1,045$598$327$173$89$7
48 years$1,012$571$307$159$81$6
49 years$980$545$289$147$73$5
50 years$949$521$272$136$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $972,000, adding $6,987 every year, while hoping to spend $30,465 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: 61/9/30 Blend
29$972,000$972,000$972,000$972,000
30$1,078,351$1,026,835$1,011,769$1,134,979
31$1,155,928$1,044,735$1,013,249$1,192,315
32$1,240,397$1,062,492$1,013,757$1,251,009
33$1,332,429$1,080,065$1,013,229$1,314,451
34$1,432,762$1,097,413$1,011,597$1,383,112
35$1,542,208$1,114,491$1,008,790$1,457,511
36$1,661,661$1,131,249$1,004,733$1,538,223
37$1,792,107$1,147,636$999,347$1,625,880
38$1,934,627$1,163,596$992,551$1,721,179
39$2,090,417$1,179,070$984,259$1,824,891
40$2,260,788$1,193,993$974,381$1,937,864
41$2,447,188$1,208,298$962,821$2,061,036
42$2,651,207$1,221,911$949,483$2,195,438
43$2,874,601$1,234,755$934,261$2,342,211
44$3,119,299$1,246,747$917,047$2,502,611
45$3,387,429$1,257,799$897,730$2,678,024
46$3,681,331$1,267,816$876,188$2,869,979
47$4,003,586$1,276,698$852,299$3,080,162
48$4,357,034$1,284,338$825,933$3,310,431
49$4,744,803$1,290,622$796,954$3,562,838
50$5,170,340$1,295,430$765,219$3,839,644
51$5,637,442$1,298,633$730,581$4,143,343
52$6,150,289$1,300,094$692,883$4,476,685
53$6,713,488$1,299,668$651,965$4,842,702
54$7,332,114$1,297,202$607,655$5,244,738
55$8,011,755$1,292,531$559,778$5,686,481
56$8,758,571$1,285,481$508,147$6,171,997
57$9,579,345$1,275,869$452,569$6,705,768
58$10,481,550$1,263,499$392,843$7,292,738
59$11,473,422$1,248,165$328,757$7,938,357
60$12,564,031$1,229,645$260,090$8,648,635
61$13,763,373$1,207,708$186,614$9,430,196
62$15,082,459$1,182,107$108,087$10,290,346
63$16,533,420$1,152,581$24,259$11,237,138
64$18,129,625$1,118,854$0$12,279,450
65$19,885,802$1,080,633$0$13,447,943
66$21,818,178$1,037,608$0$14,742,178
67$23,944,633$989,451$0$16,166,372
68$26,284,868$935,817$0$17,733,733
69$28,860,590$876,337$0$19,458,819
70$31,695,717$810,625$0$21,357,670
71$34,816,605$738,271$0$23,447,964
72$38,252,294$658,841$0$25,749,179
73$42,034,781$571,877$0$28,282,783
74$46,199,325$476,896$0$31,072,429
75$50,784,778$373,386$0$34,144,186
76$55,833,951$260,807$0$37,526,779
77$61,394,017$138,590$0$41,251,866
78$67,516,958$6,131$0$45,354,331
79$74,260,051$0$0$49,872,618
80$81,686,416$0$0$54,862,679
81$89,865,603$0$0$60,359,362
82$98,874,253$0$0$66,413,579
83$108,796,820$0$0$73,082,099
84$119,726,366$0$0$80,427,480
85$131,765,443$0$0$88,518,656
86$145,027,056$0$0$97,431,591
87$159,635,731$0$0$107,249,992
88$175,728,693$0$0$118,066,102
89$193,457,155$0$0$129,981,568
90$212,987,751$0$0$143,108,403
91$234,504,104$0$0$157,570,040
92$258,208,560$0$0$173,502,497
93$284,324,099$0$0$191,055,666
94$313,096,438$0$0$210,394,718
95$344,796,352$0$0$231,701,673
96$379,722,225$0$0$255,177,107
97$418,202,872$0$0$281,042,055
98$460,600,637$0$0$309,540,089
99$507,314,818$0$0$340,939,622
100$558,785,433$0$0$375,536,441