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%11.4%
1 years$80,267$79,552$78,854$78,173$77,509$77,052
2 years$39,736$38,996$38,279$37,583$36,909$36,449
3 years$26,228$25,484$24,769$24,080$23,417$22,966
4 years$19,475$18,734$18,025$17,348$16,701$16,264
5 years$15,424$14,687$13,988$13,325$12,696$12,274
6 years$12,724$11,993$11,305$10,656$10,046$9,640
7 years$10,797$10,072$9,394$8,761$8,170$7,780
8 years$9,352$8,634$7,967$7,349$6,778$6,403
9 years$8,229$7,517$6,862$6,260$5,708$5,349
10 years$7,330$6,626$5,983$5,396$4,863$4,520
11 years$6,596$5,899$5,267$4,696$4,183$3,854
12 years$5,985$5,294$4,674$4,119$3,625$3,311
13 years$5,468$4,785$4,176$3,637$3,161$2,862
14 years$5,025$4,349$3,752$3,228$2,771$2,486
15 years$4,641$3,973$3,388$2,879$2,439$2,169
16 years$4,306$3,645$3,072$2,578$2,156$1,899
17 years$4,011$3,357$2,795$2,316$1,912$1,668
18 years$3,749$3,102$2,551$2,087$1,700$1,469
19 years$3,514$2,875$2,336$1,886$1,515$1,296
20 years$3,304$2,671$2,144$1,708$1,353$1,146
21 years$3,113$2,488$1,972$1,550$1,211$1,015
22 years$2,940$2,323$1,817$1,410$1,086$901
23 years$2,783$2,172$1,678$1,284$974$800
24 years$2,638$2,035$1,552$1,171$876$712
25 years$2,506$1,910$1,437$1,069$788$634
26 years$2,384$1,795$1,333$978$710$565
27 years$2,271$1,690$1,238$895$640$503
28 years$2,166$1,592$1,151$820$578$449
29 years$2,069$1,502$1,071$752$521$401
30 years$1,979$1,418$997$690$471$359
31 years$1,894$1,341$930$634$426$320
32 years$1,815$1,269$868$582$385$287
33 years$1,741$1,202$810$536$349$256
34 years$1,671$1,139$757$493$316$230
35 years$1,606$1,080$708$454$286$205
36 years$1,544$1,025$662$418$259$184
37 years$1,485$974$620$385$235$165
38 years$1,430$925$580$355$213$148
39 years$1,378$880$544$327$193$132
40 years$1,329$837$510$302$175$119
41 years$1,282$797$478$278$159$106
42 years$1,237$759$448$257$144$95
43 years$1,195$723$421$237$131$85
44 years$1,155$689$395$219$119$77
45 years$1,116$657$371$202$108$69
46 years$1,080$627$348$187$98$62
47 years$1,045$598$327$173$89$55
48 years$1,012$571$307$159$81$50
49 years$980$545$289$147$73$45
50 years$949$521$272$136$67$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $972,000, adding $5,066 every year, while hoping to spend $48,858 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: 58/27/15 Blend
29$972,000$972,000$972,000$972,000
30$1,076,370$1,024,854$1,009,788$1,134,379
31$1,134,175$1,023,087$991,631$1,172,440
32$1,196,239$1,019,596$971,229$1,208,084
33$1,262,944$1,014,245$948,454$1,245,804
34$1,334,711$1,006,890$923,173$1,285,807
35$1,412,000$997,377$895,249$1,328,323
36$1,495,320$985,544$864,535$1,373,608
37$1,585,226$971,219$830,881$1,421,946
38$1,682,330$954,219$794,126$1,473,651
39$1,787,304$934,353$754,106$1,529,073
40$1,900,887$911,414$710,646$1,588,599
41$2,023,890$885,186$663,566$1,652,658
42$2,157,207$855,440$612,675$1,721,728
43$2,301,819$821,934$557,777$1,796,335
44$2,458,806$784,409$498,663$1,877,067
45$2,629,354$742,596$435,119$1,964,570
46$2,814,771$696,205$366,918$2,059,565
47$3,016,492$644,934$293,824$2,162,846
48$3,236,100$588,461$215,593$2,275,296
49$3,475,333$526,447$131,966$2,397,891
50$3,736,106$458,532$42,676$2,531,710
51$4,020,526$384,337$0$2,677,951
52$4,330,913$303,462$0$2,846,357
53$4,669,817$215,484$0$3,037,810
54$5,040,051$119,954$0$3,247,140
55$5,444,706$16,402$0$3,476,191
56$5,887,189$0$0$3,726,999
57$6,371,250$0$0$4,030,235
58$6,901,017$0$0$4,367,517
59$7,481,038$0$0$4,736,878
60$8,116,318$0$0$5,141,516
61$8,812,372$0$0$5,584,953
62$9,575,271$0$0$6,071,069
63$10,411,703$0$0$6,604,138
64$11,329,033$0$0$7,188,864
65$12,335,374$0$0$7,830,433
66$13,439,661$0$0$8,534,553
67$14,651,738$0$0$9,307,514
68$15,982,444$0$0$10,156,244
69$17,443,724$0$0$11,088,374
70$19,048,734$0$0$12,112,312
71$20,811,965$0$0$13,237,318
72$22,749,384$0$0$14,473,596
73$24,878,580$0$0$15,832,386
74$27,218,930$0$0$17,326,070
75$29,791,781$0$0$18,968,291
76$32,620,654$0$0$20,774,081
77$35,731,460$0$0$22,759,998
78$39,152,749$0$0$24,944,288
79$42,915,974$0$0$27,347,053
80$47,055,793$0$0$29,990,441
81$51,610,388$0$0$32,898,855
82$56,621,831$0$0$36,099,183
83$62,136,478$0$0$39,621,051
84$68,205,404$0$0$43,497,102
85$74,884,887$0$0$47,763,303
86$82,236,938$0$0$52,459,286
87$90,329,882$0$0$57,628,719
88$99,239,006$0$0$63,319,719
89$109,047,269$0$0$69,585,307
90$119,846,080$0$0$76,483,905
91$131,736,164$0$0$84,079,888
92$144,828,508$0$0$92,444,192
93$159,245,412$0$0$101,654,981
94$175,121,639$0$0$111,798,388
95$192,605,686$0$0$122,969,323
96$211,861,188$0$0$135,272,369
97$233,068,457$0$0$148,822,771
98$256,426,187$0$0$163,747,522
99$282,153,324$0$0$180,186,559
100$310,491,137$0$0$198,294,087