Can I retire at age 30 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$80,349$79,634$78,935$78,254$77,588$76,524
2 years$39,777$39,036$38,318$37,622$36,947$35,876
3 years$26,255$25,511$24,794$24,105$23,441$22,397
4 years$19,495$18,753$18,044$17,366$16,718$15,710
5 years$15,440$14,703$14,003$13,339$12,709$11,739
6 years$12,737$12,006$11,316$10,667$10,056$9,125
7 years$10,808$10,082$9,404$8,770$8,178$7,287
8 years$9,361$8,642$7,975$7,357$6,785$5,933
9 years$8,237$7,525$6,869$6,267$5,714$4,901
10 years$7,338$6,633$5,989$5,402$4,868$4,094
11 years$6,603$5,905$5,272$4,701$4,187$3,451
12 years$5,991$5,300$4,679$4,124$3,628$2,929
13 years$5,473$4,789$4,180$3,641$3,164$2,501
14 years$5,030$4,353$3,756$3,232$2,773$2,145
15 years$4,646$3,977$3,391$2,882$2,442$1,848
16 years$4,311$3,649$3,075$2,581$2,158$1,597
17 years$4,015$3,360$2,798$2,319$1,914$1,384
18 years$3,752$3,105$2,554$2,090$1,702$1,202
19 years$3,518$2,878$2,338$1,888$1,517$1,047
20 years$3,307$2,674$2,146$1,710$1,355$913
21 years$3,116$2,491$1,974$1,552$1,212$797
22 years$2,943$2,325$1,819$1,411$1,087$697
23 years$2,786$2,175$1,680$1,285$975$610
24 years$2,641$2,038$1,553$1,172$877$535
25 years$2,509$1,912$1,439$1,070$789$469
26 years$2,386$1,797$1,334$979$711$412
27 years$2,273$1,691$1,239$896$641$362
28 years$2,169$1,594$1,152$821$578$318
29 years$2,071$1,503$1,072$753$522$280
30 years$1,981$1,420$998$691$472$246
31 years$1,896$1,342$931$634$426$217
32 years$1,817$1,270$868$583$386$191
33 years$1,743$1,203$811$536$349$168
34 years$1,673$1,140$758$493$316$148
35 years$1,607$1,081$708$454$286$130
36 years$1,545$1,026$663$418$259$115
37 years$1,487$975$620$385$235$101
38 years$1,432$926$581$355$213$89
39 years$1,380$881$544$328$193$79
40 years$1,330$838$510$302$175$69
41 years$1,283$798$478$279$159$61
42 years$1,239$760$449$257$144$54
43 years$1,196$724$421$237$131$48
44 years$1,156$690$395$219$119$42
45 years$1,118$658$371$202$108$37
46 years$1,081$628$348$187$98$33
47 years$1,046$599$327$173$89$29
48 years$1,013$572$308$160$81$25
49 years$981$546$289$148$73$22
50 years$950$522$272$136$67$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $973,000, adding $2,471 every year, while hoping to spend $24,411 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: 34/37/29 Blend
29$973,000$973,000$973,000$973,000
30$1,074,795$1,023,226$1,008,144$1,101,845
31$1,158,451$1,047,391$1,015,944$1,146,690
32$1,249,822$1,071,922$1,023,187$1,192,668
33$1,349,668$1,096,811$1,029,828$1,241,782
34$1,458,829$1,122,049$1,035,822$1,294,328
35$1,578,225$1,147,625$1,041,118$1,350,635
36$1,708,875$1,173,529$1,045,666$1,411,061
37$1,851,895$1,199,747$1,049,411$1,476,006
38$2,008,517$1,226,264$1,052,295$1,545,907
39$2,180,099$1,253,063$1,054,260$1,621,250
40$2,368,133$1,280,128$1,055,242$1,702,567
41$2,574,265$1,307,437$1,055,175$1,790,447
42$2,800,307$1,334,968$1,053,990$1,885,541
43$3,048,255$1,362,698$1,051,615$1,988,565
44$3,320,306$1,390,599$1,047,973$2,100,309
45$3,618,882$1,418,643$1,042,985$2,221,646
46$3,946,649$1,446,798$1,036,567$2,353,537
47$4,306,546$1,475,030$1,028,631$2,497,044
48$4,701,809$1,503,302$1,019,085$2,653,337
49$5,136,003$1,531,573$1,007,833$2,823,708
50$5,613,054$1,559,799$994,775$3,009,580
51$6,137,290$1,587,933$979,804$3,212,526
52$6,713,476$1,615,925$962,811$3,434,278
53$7,346,865$1,643,719$943,678$3,676,747
54$8,043,240$1,671,256$922,287$3,942,043
55$8,808,976$1,698,473$898,509$4,232,491
56$9,651,094$1,725,302$872,212$4,550,655
57$10,577,333$1,751,668$843,258$4,899,364
58$11,596,215$1,777,494$811,501$5,281,739
59$12,717,133$1,802,695$776,790$5,701,221
60$13,950,435$1,827,182$738,967$6,161,604
61$15,307,522$1,850,857$697,866$6,667,074
62$16,800,958$1,873,617$653,313$7,222,245
63$18,444,584$1,895,353$605,128$7,832,207
64$20,253,654$1,915,947$553,121$8,502,573
65$22,244,971$1,935,273$497,095$9,239,532
66$24,437,054$1,953,198$436,844$10,049,908
67$26,850,308$1,969,579$372,152$10,941,225
68$29,507,214$1,984,263$302,795$11,921,783
69$32,432,548$1,997,089$228,536$13,000,730
70$35,653,607$2,007,886$149,131$14,188,154
71$39,200,471$2,016,469$64,323$15,495,178
72$43,106,287$2,022,643$0$16,934,065
73$47,407,578$2,026,203$0$18,526,438
74$52,144,590$2,026,926$0$20,300,869
75$57,361,674$2,024,581$0$22,253,959
76$63,107,698$2,018,918$0$24,403,921
77$69,436,512$2,009,675$0$26,770,831
78$76,407,459$1,996,571$0$29,376,811
79$84,085,927$1,979,311$0$32,246,246
80$92,543,973$1,957,579$0$35,406,012
81$101,861,001$1,931,043$0$38,885,730
82$112,124,508$1,899,349$0$42,718,044
83$123,430,914$1,862,123$0$46,938,936
84$135,886,469$1,818,969$0$51,588,061
85$149,608,258$1,769,467$0$56,709,123
86$164,725,301$1,713,172$0$62,350,291
87$181,379,779$1,649,614$0$68,564,654
88$199,728,367$1,578,296$0$75,410,720
89$219,943,718$1,498,690$0$82,952,974
90$242,216,092$1,410,240$0$91,262,484
91$266,755,148$1,312,357$0$100,417,577
92$293,791,928$1,204,417$0$110,504,575
93$323,581,033$1,085,763$0$121,618,617
94$356,403,031$955,697$0$133,864,553
95$392,567,100$813,486$0$147,357,941
96$432,413,949$658,352$0$162,226,133
97$476,319,034$489,473$0$178,609,487
98$524,696,102$305,984$0$196,662,686
99$578,001,095$106,968$0$216,556,207
100$636,736,457$0$0$238,477,928