Can I retire at age 30 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$80,432$79,716$79,017$78,334$77,668$75,760
2 years$39,818$39,076$38,358$37,661$36,985$35,074
3 years$26,282$25,537$24,820$24,130$23,465$21,611
4 years$19,515$18,772$18,063$17,384$16,735$14,953
5 years$15,456$14,718$14,017$13,353$12,722$11,016
6 years$12,751$12,018$11,328$10,678$10,066$8,439
7 years$10,819$10,093$9,414$8,779$8,187$6,638
8 years$9,371$8,651$7,984$7,365$6,792$5,320
9 years$8,246$7,533$6,876$6,273$5,720$4,325
10 years$7,346$6,640$5,995$5,407$4,873$3,553
11 years$6,610$5,911$5,278$4,706$4,191$2,944
12 years$5,997$5,305$4,684$4,128$3,632$2,456
13 years$5,479$4,794$4,185$3,644$3,167$2,059
14 years$5,035$4,358$3,760$3,235$2,776$1,735
15 years$4,651$3,981$3,395$2,885$2,445$1,467
16 years$4,315$3,653$3,078$2,583$2,160$1,243
17 years$4,019$3,364$2,801$2,321$1,916$1,057
18 years$3,756$3,108$2,557$2,092$1,703$900
19 years$3,521$2,881$2,341$1,890$1,518$768
20 years$3,310$2,677$2,148$1,712$1,356$657
21 years$3,120$2,494$1,976$1,554$1,214$562
22 years$2,946$2,328$1,821$1,413$1,088$481
23 years$2,788$2,177$1,681$1,286$976$413
24 years$2,644$2,040$1,555$1,173$878$354
25 years$2,511$1,914$1,440$1,072$790$304
26 years$2,389$1,799$1,336$980$711$261
27 years$2,276$1,693$1,240$897$641$224
28 years$2,171$1,595$1,153$822$579$193
29 years$2,073$1,505$1,073$753$523$166
30 years$1,983$1,421$999$691$472$143
31 years$1,898$1,344$932$635$427$123
32 years$1,819$1,271$869$584$386$106
33 years$1,744$1,204$812$537$349$91
34 years$1,674$1,141$758$494$316$78
35 years$1,609$1,082$709$455$287$68
36 years$1,547$1,027$663$419$260$58
37 years$1,489$976$621$386$235$50
38 years$1,433$927$581$356$213$43
39 years$1,381$882$545$328$193$37
40 years$1,332$839$511$302$175$32
41 years$1,285$799$479$279$159$28
42 years$1,240$761$449$257$144$24
43 years$1,198$725$421$238$131$21
44 years$1,157$691$396$219$119$18
45 years$1,119$659$371$203$108$15
46 years$1,082$628$349$187$98$13
47 years$1,047$600$328$173$89$11
48 years$1,014$572$308$160$81$10
49 years$982$547$289$148$73$8
50 years$951$522$272$137$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $974,000, adding $4,494 every year, while hoping to spend $26,135 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: 67/21/12 Blend
29$974,000$974,000$974,000$974,000
30$1,077,984$1,026,362$1,011,265$1,147,049
31$1,160,130$1,048,846$1,017,334$1,216,089
32$1,249,780$1,071,556$1,022,732$1,288,026
33$1,347,671$1,094,475$1,027,406$1,366,006
34$1,454,615$1,117,586$1,031,306$1,450,618
35$1,571,505$1,140,867$1,034,374$1,542,512
36$1,699,327$1,164,298$1,036,554$1,642,401
37$1,839,163$1,187,854$1,037,784$1,751,074
38$1,992,208$1,211,509$1,038,000$1,869,399
39$2,159,775$1,235,234$1,037,135$1,998,329
40$2,343,312$1,259,000$1,035,118$2,138,920
41$2,544,411$1,282,773$1,031,876$2,292,329
42$2,764,828$1,306,515$1,027,330$2,459,837
43$3,006,495$1,330,189$1,021,401$2,642,851
44$3,271,541$1,353,753$1,014,001$2,842,924
45$3,562,311$1,377,159$1,005,044$3,061,765
46$3,881,388$1,400,361$994,433$3,301,259
47$4,231,616$1,423,305$982,073$3,563,483
48$4,616,128$1,445,934$967,860$3,850,724
49$5,038,376$1,468,188$951,686$4,165,506
50$5,502,163$1,490,002$933,440$4,510,608
51$6,011,677$1,511,305$913,004$4,889,091
52$6,571,533$1,532,024$890,254$5,304,333
53$7,186,814$1,552,078$865,062$5,760,051
54$7,863,120$1,571,381$837,294$6,260,347
55$8,606,623$1,589,843$806,807$6,809,739
56$9,424,118$1,607,365$773,455$7,413,204
57$10,323,097$1,623,845$737,084$8,076,233
58$11,311,809$1,639,169$697,533$8,804,871
59$12,399,346$1,653,221$654,633$9,605,786
60$13,595,725$1,665,874$608,208$10,486,322
61$14,911,981$1,676,994$558,075$11,454,577
62$16,360,274$1,686,438$504,042$12,519,472
63$17,954,002$1,694,054$445,907$13,690,843
64$19,707,927$1,699,679$383,462$14,979,526
65$21,638,315$1,703,143$316,488$16,397,467
66$23,763,088$1,704,262$244,755$17,957,830
67$26,101,995$1,702,842$168,026$19,675,124
68$28,676,794$1,698,678$86,051$21,565,339
69$31,511,464$1,691,550$0$23,646,097
70$34,632,424$1,681,226$0$25,937,005
71$38,068,785$1,667,460$0$28,471,054
72$41,852,627$1,649,992$0$31,260,842
73$46,019,297$1,628,543$0$34,332,407
74$50,607,744$1,602,821$0$37,714,442
75$55,660,889$1,572,514$0$41,438,567
76$61,226,027$1,537,294$0$45,539,630
77$67,355,271$1,496,812$0$50,056,033
78$74,106,051$1,450,698$0$55,030,094
79$81,541,648$1,398,561$0$60,508,451
80$89,731,793$1,339,988$0$66,542,500
81$98,753,330$1,274,542$0$73,188,879
82$108,690,934$1,201,758$0$80,510,005
83$119,637,914$1,121,149$0$88,574,664
84$131,697,091$1,032,195$0$97,458,660
85$144,981,772$934,350$0$107,245,529
86$159,616,815$827,036$0$118,027,333
87$175,739,810$709,640$0$129,905,525
88$193,502,375$581,518$0$142,991,907
89$213,071,592$441,986$0$157,409,693
90$234,631,575$290,324$0$173,294,663
91$258,385,218$125,772$0$190,796,452
92$284,556,100$0$0$210,079,962
93$313,390,603$0$0$231,339,046
94$345,160,234$0$0$254,794,267
95$380,164,187$0$0$280,637,468
96$418,732,167$0$0$309,112,083
97$461,227,506$0$0$340,486,370
98$508,050,585$0$0$375,055,948
99$559,642,622$0$0$413,146,581
100$616,489,829$0$0$455,117,259