Can I retire at age 30 with 973,000?

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 $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%14.7%
1 years$80,349$79,634$78,935$78,254$77,588$76,084
2 years$39,777$39,036$38,318$37,622$36,947$35,437
3 years$26,255$25,511$24,794$24,105$23,441$21,973
4 years$19,495$18,753$18,044$17,366$16,718$15,304
5 years$15,440$14,703$14,003$13,339$12,709$11,352
6 years$12,737$12,006$11,316$10,667$10,056$8,758
7 years$10,808$10,082$9,404$8,770$8,178$6,939
8 years$9,361$8,642$7,975$7,357$6,785$5,604
9 years$8,237$7,525$6,869$6,267$5,714$4,591
10 years$7,338$6,633$5,989$5,402$4,868$3,803
11 years$6,603$5,905$5,272$4,701$4,187$3,177
12 years$5,991$5,300$4,679$4,124$3,628$2,672
13 years$5,473$4,789$4,180$3,641$3,164$2,261
14 years$5,030$4,353$3,756$3,232$2,773$1,921
15 years$4,646$3,977$3,391$2,882$2,442$1,639
16 years$4,311$3,649$3,075$2,581$2,158$1,402
17 years$4,015$3,360$2,798$2,319$1,914$1,203
18 years$3,752$3,105$2,554$2,090$1,702$1,035
19 years$3,518$2,878$2,338$1,888$1,517$892
20 years$3,307$2,674$2,146$1,710$1,355$770
21 years$3,116$2,491$1,974$1,552$1,212$665
22 years$2,943$2,325$1,819$1,411$1,087$575
23 years$2,786$2,175$1,680$1,285$975$498
24 years$2,641$2,038$1,553$1,172$877$432
25 years$2,509$1,912$1,439$1,070$789$375
26 years$2,386$1,797$1,334$979$711$325
27 years$2,273$1,691$1,239$896$641$283
28 years$2,169$1,594$1,152$821$578$246
29 years$2,071$1,503$1,072$753$522$214
30 years$1,981$1,420$998$691$472$186
31 years$1,896$1,342$931$634$426$162
32 years$1,817$1,270$868$583$386$141
33 years$1,743$1,203$811$536$349$122
34 years$1,673$1,140$758$493$316$107
35 years$1,607$1,081$708$454$286$93
36 years$1,545$1,026$663$418$259$81
37 years$1,487$975$620$385$235$70
38 years$1,432$926$581$355$213$61
39 years$1,380$881$544$328$193$53
40 years$1,330$838$510$302$175$47
41 years$1,283$798$478$279$159$41
42 years$1,239$760$449$257$144$35
43 years$1,196$724$421$237$131$31
44 years$1,156$690$395$219$119$27
45 years$1,118$658$371$202$108$23
46 years$1,081$628$348$187$98$20
47 years$1,046$599$327$173$89$18
48 years$1,013$572$308$160$81$15
49 years$981$546$289$148$73$14
50 years$950$522$272$136$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $973,000, adding $3,424 every year, while hoping to spend $53,282 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: 46/25/29 Blend
29$973,000$973,000$973,000$973,000
30$1,075,778$1,024,209$1,009,127$1,116,139
31$1,128,816$1,017,703$986,241$1,138,608
32$1,185,477$1,009,094$960,803$1,157,572
33$1,246,077$998,220$932,671$1,177,135
34$1,310,957$984,913$901,696$1,197,381
35$1,380,495$968,994$867,723$1,218,410
36$1,455,104$950,274$830,591$1,240,332
37$1,535,239$928,551$790,129$1,263,273
38$1,621,396$903,612$746,161$1,287,378
39$1,714,122$875,233$698,501$1,312,809
40$1,814,017$843,175$646,956$1,339,749
41$1,921,741$807,184$591,323$1,368,407
42$2,038,018$766,996$531,392$1,399,016
43$2,163,643$722,326$466,941$1,431,839
44$2,299,491$672,876$397,740$1,467,173
45$2,446,523$618,331$323,548$1,505,350
46$2,605,796$558,356$244,114$1,546,742
47$2,778,470$492,599$159,175$1,591,768
48$2,965,825$420,687$68,458$1,640,895
49$3,169,263$342,225$0$1,694,647
50$3,390,332$256,798$0$1,762,383
51$3,630,731$163,966$0$1,859,157
52$3,892,330$63,265$0$1,964,591
53$4,177,186$0$0$2,079,599
54$4,487,565$0$0$2,217,790
55$4,825,958$0$0$2,387,531
56$5,195,108$0$0$2,572,807
57$5,598,034$0$0$2,775,146
58$6,038,058$0$0$2,996,231
59$6,518,840$0$0$3,237,915
60$7,044,405$0$0$3,502,236
61$7,619,188$0$0$3,791,441
62$8,248,071$0$0$4,108,001
63$8,936,430$0$0$4,454,641
64$9,690,183$0$0$4,834,358
65$10,515,850$0$0$5,250,455
66$11,420,609$0$0$5,706,568
67$12,412,365$0$0$6,206,702
68$13,499,827$0$0$6,755,268
69$14,692,584$0$0$7,357,127
70$16,001,199$0$0$8,017,628
71$17,437,306$0$0$8,742,669
72$19,013,723$0$0$9,538,741
73$20,744,565$0$0$10,412,999
74$22,645,383$0$0$11,373,322
75$24,733,308$0$0$12,428,392
76$27,027,211$0$0$13,587,771
77$29,547,882$0$0$14,861,994
78$32,318,225$0$0$16,262,669
79$35,363,471$0$0$17,802,582
80$38,711,419$0$0$19,495,822
81$42,392,695$0$0$21,357,910
82$46,441,041$0$0$23,405,946
83$50,893,634$0$0$25,658,772
84$55,791,433$0$0$28,137,148
85$61,179,567$0$0$30,863,944
86$67,107,760$0$0$33,864,364
87$73,630,796$0$0$37,166,173
88$80,809,039$0$0$40,799,968
89$88,709,003$0$0$44,799,459
90$97,403,973$0$0$49,201,793
91$106,974,699$0$0$54,047,897
92$117,510,157$0$0$59,382,870
93$129,108,390$0$0$65,256,407
94$141,877,427$0$0$71,723,264
95$155,936,305$0$0$78,843,777
96$171,416,191$0$0$86,684,432
97$188,461,618$0$0$95,318,490
98$207,231,850$0$0$104,826,677
99$227,902,381$0$0$115,297,948
100$250,666,591$0$0$126,830,326