Can I retire at age 30 with 974,000?

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 $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%19%
1 years$80,432$79,716$79,017$78,334$77,668$74,853
2 years$39,818$39,076$38,358$37,661$36,985$34,179
3 years$26,282$25,537$24,820$24,130$23,465$20,757
4 years$19,515$18,772$18,063$17,384$16,735$14,147
5 years$15,456$14,718$14,017$13,353$12,722$10,259
6 years$12,751$12,018$11,328$10,678$10,066$7,730
7 years$10,819$10,093$9,414$8,779$8,187$5,977
8 years$9,371$8,651$7,984$7,365$6,792$4,707
9 years$8,246$7,533$6,876$6,273$5,720$3,757
10 years$7,346$6,640$5,995$5,407$4,873$3,029
11 years$6,610$5,911$5,278$4,706$4,191$2,462
12 years$5,997$5,305$4,684$4,128$3,632$2,013
13 years$5,479$4,794$4,185$3,644$3,167$1,654
14 years$5,035$4,358$3,760$3,235$2,776$1,365
15 years$4,651$3,981$3,395$2,885$2,445$1,130
16 years$4,315$3,653$3,078$2,583$2,160$937
17 years$4,019$3,364$2,801$2,321$1,916$780
18 years$3,756$3,108$2,557$2,092$1,703$649
19 years$3,521$2,881$2,341$1,890$1,518$542
20 years$3,310$2,677$2,148$1,712$1,356$453
21 years$3,120$2,494$1,976$1,554$1,214$378
22 years$2,946$2,328$1,821$1,413$1,088$317
23 years$2,788$2,177$1,681$1,286$976$265
24 years$2,644$2,040$1,555$1,173$878$222
25 years$2,511$1,914$1,440$1,072$790$186
26 years$2,389$1,799$1,336$980$711$156
27 years$2,276$1,693$1,240$897$641$131
28 years$2,171$1,595$1,153$822$579$110
29 years$2,073$1,505$1,073$753$523$92
30 years$1,983$1,421$999$691$472$77
31 years$1,898$1,344$932$635$427$65
32 years$1,819$1,271$869$584$386$55
33 years$1,744$1,204$812$537$349$46
34 years$1,674$1,141$758$494$316$39
35 years$1,609$1,082$709$455$287$32
36 years$1,547$1,027$663$419$260$27
37 years$1,489$976$621$386$235$23
38 years$1,433$927$581$356$213$19
39 years$1,381$882$545$328$193$16
40 years$1,332$839$511$302$175$14
41 years$1,285$799$479$279$159$11
42 years$1,240$761$449$257$144$10
43 years$1,198$725$421$238$131$8
44 years$1,157$691$396$219$119$7
45 years$1,119$659$371$203$108$6
46 years$1,082$628$349$187$98$5
47 years$1,047$600$328$173$89$4
48 years$1,014$572$308$160$81$3
49 years$982$547$289$148$73$3
50 years$951$522$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $974,000, adding $2,820 every year, while hoping to spend $55,872 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: 36/40/24 Blend
29$974,000$974,000$974,000$974,000
30$1,076,257$1,024,635$1,009,538$1,107,128
31$1,126,588$1,015,395$983,910$1,120,874
32$1,180,180$1,003,829$955,551$1,130,369
33$1,237,306$989,765$924,310$1,139,506
34$1,298,268$973,020$890,031$1,148,290
35$1,363,392$953,398$852,548$1,156,728
36$1,433,039$930,696$811,689$1,164,834
37$1,507,603$904,694$767,275$1,172,629
38$1,587,517$875,163$719,117$1,180,142
39$1,673,256$841,858$667,020$1,187,409
40$1,765,340$804,521$610,777$1,194,478
41$1,864,341$762,879$550,174$1,201,408
42$1,970,887$716,643$484,988$1,208,272
43$2,085,667$665,508$414,985$1,215,157
44$2,209,437$609,150$339,919$1,222,166
45$2,343,029$547,228$259,536$1,229,425
46$2,487,357$479,381$173,569$1,237,077
47$2,643,425$405,228$81,741$1,245,292
48$2,812,335$324,365$0$1,254,268
49$2,995,302$236,368$0$1,268,394
50$3,193,660$140,786$0$1,306,379
51$3,408,873$37,145$0$1,347,651
52$3,642,557$0$0$1,392,638
53$3,896,485$0$0$1,474,860
54$4,172,608$0$0$1,582,168
55$4,473,075$0$0$1,699,064
56$4,800,247$0$0$1,826,482
57$5,156,725$0$0$1,965,451
58$5,545,369$0$0$2,117,103
59$5,969,329$0$0$2,282,687
60$6,432,070$0$0$2,463,573
61$6,937,408$0$0$2,661,274
62$7,489,542$0$0$2,877,452
63$8,093,096$0$0$3,113,939
64$8,753,161$0$0$3,372,753
65$9,475,341$0$0$3,656,112
66$10,265,808$0$0$3,966,464
67$11,131,358$0$0$4,306,500
68$12,079,476$0$0$4,679,187
69$13,118,402$0$0$5,087,790
70$14,257,213$0$0$5,535,908
71$15,505,906$0$0$6,027,503
72$16,875,491$0$0$6,566,939
73$18,378,095$0$0$7,159,023
74$20,027,076$0$0$7,809,051
75$21,837,148$0$0$8,522,856
76$23,824,516$0$0$9,306,863
77$26,007,036$0$0$10,168,151
78$28,404,374$0$0$11,114,518
79$31,038,195$0$0$12,154,554
80$33,932,369$0$0$13,297,725
81$37,113,189$0$0$14,554,456
82$40,609,624$0$0$15,936,236
83$44,453,589$0$0$17,455,719
84$48,680,244$0$0$19,126,851
85$53,328,328$0$0$20,964,993
86$58,440,522$0$0$22,987,073
87$64,063,849$0$0$25,211,739
88$70,250,121$0$0$27,659,542
89$77,056,424$0$0$30,353,120
90$84,545,654$0$0$33,317,422
91$92,787,115$0$0$36,579,933
92$101,857,165$0$0$40,170,940
93$111,839,942$0$0$44,123,815
94$122,828,152$0$0$48,475,330
95$134,923,947$0$0$53,266,003
96$148,239,883$0$0$58,540,479
97$162,899,987$0$0$64,347,954
98$179,040,919$0$0$70,742,636
99$196,813,268$0$0$77,784,259
100$216,382,968$0$0$85,538,641