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%17.6%
1 years$80,432$79,716$79,017$78,334$77,668$75,272
2 years$39,818$39,076$38,358$37,661$36,985$34,592
3 years$26,282$25,537$24,820$24,130$23,465$21,150
4 years$19,515$18,772$18,063$17,384$16,735$14,516
5 years$15,456$14,718$14,017$13,353$12,722$10,605
6 years$12,751$12,018$11,328$10,678$10,066$8,053
7 years$10,819$10,093$9,414$8,779$8,187$6,277
8 years$9,371$8,651$7,984$7,365$6,792$4,984
9 years$8,246$7,533$6,876$6,273$5,720$4,012
10 years$7,346$6,640$5,995$5,407$4,873$3,264
11 years$6,610$5,911$5,278$4,706$4,191$2,677
12 years$5,997$5,305$4,684$4,128$3,632$2,209
13 years$5,479$4,794$4,185$3,644$3,167$1,833
14 years$5,035$4,358$3,760$3,235$2,776$1,527
15 years$4,651$3,981$3,395$2,885$2,445$1,276
16 years$4,315$3,653$3,078$2,583$2,160$1,070
17 years$4,019$3,364$2,801$2,321$1,916$899
18 years$3,756$3,108$2,557$2,092$1,703$757
19 years$3,521$2,881$2,341$1,890$1,518$638
20 years$3,310$2,677$2,148$1,712$1,356$539
21 years$3,120$2,494$1,976$1,554$1,214$455
22 years$2,946$2,328$1,821$1,413$1,088$385
23 years$2,788$2,177$1,681$1,286$976$326
24 years$2,644$2,040$1,555$1,173$878$276
25 years$2,511$1,914$1,440$1,072$790$234
26 years$2,389$1,799$1,336$980$711$199
27 years$2,276$1,693$1,240$897$641$169
28 years$2,171$1,595$1,153$822$579$143
29 years$2,073$1,505$1,073$753$523$121
30 years$1,983$1,421$999$691$472$103
31 years$1,898$1,344$932$635$427$88
32 years$1,819$1,271$869$584$386$74
33 years$1,744$1,204$812$537$349$63
34 years$1,674$1,141$758$494$316$54
35 years$1,609$1,082$709$455$287$46
36 years$1,547$1,027$663$419$260$39
37 years$1,489$976$621$386$235$33
38 years$1,433$927$581$356$213$28
39 years$1,381$882$545$328$193$24
40 years$1,332$839$511$302$175$20
41 years$1,285$799$479$279$159$17
42 years$1,240$761$449$257$144$15
43 years$1,198$725$421$238$131$12
44 years$1,157$691$396$219$119$11
45 years$1,119$659$371$203$108$9
46 years$1,082$628$349$187$98$8
47 years$1,047$600$328$173$89$7
48 years$1,014$572$308$160$81$6
49 years$982$547$289$148$73$5
50 years$951$522$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $974,000, adding $3,099 every year, while hoping to spend $35,585 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: 37/37/26 Blend
29$974,000$974,000$974,000$974,000
30$1,076,545$1,024,923$1,009,826$1,107,897
31$1,148,490$1,037,282$1,005,793$1,143,597
32$1,226,581$1,049,054$1,000,432$1,178,644
33$1,311,407$1,060,172$993,661$1,215,806
34$1,403,617$1,070,567$985,395$1,255,299
35$1,503,923$1,080,161$975,543$1,297,359
36$1,613,110$1,088,876$964,010$1,342,249
37$1,732,041$1,096,625$950,699$1,390,263
38$1,861,667$1,103,317$935,505$1,441,724
39$2,003,033$1,108,856$918,320$1,496,992
40$2,157,289$1,113,137$899,031$1,556,466
41$2,325,703$1,116,051$877,519$1,620,587
42$2,509,669$1,117,482$853,660$1,689,847
43$2,710,722$1,117,305$827,324$1,764,787
44$2,930,552$1,115,389$798,375$1,846,010
45$3,171,019$1,111,594$766,672$1,934,182
46$3,434,174$1,105,773$732,066$2,030,040
47$3,722,270$1,097,767$694,401$2,134,403
48$4,037,794$1,087,409$653,516$2,248,175
49$4,383,480$1,074,524$609,240$2,372,357
50$4,762,343$1,058,923$561,397$2,508,058
51$5,177,699$1,040,407$509,801$2,656,503
52$5,633,203$1,018,767$454,259$2,819,050
53$6,132,882$993,778$394,568$2,997,198
54$6,681,168$965,205$330,519$3,192,608
55$7,282,946$932,799$261,889$3,407,115
56$7,943,594$896,294$188,450$3,642,747
57$8,669,039$855,410$109,962$3,901,749
58$9,465,808$809,852$26,172$4,186,598
59$10,341,092$759,307$0$4,500,036
60$11,302,812$703,442$0$4,862,637
61$12,359,697$641,908$0$5,269,090
62$13,521,359$574,335$0$5,715,901
63$14,798,392$500,332$0$6,207,239
64$16,202,465$419,484$0$6,747,700
65$17,746,434$331,357$0$7,342,355
66$19,444,464$235,487$0$7,996,801
67$21,312,162$131,389$0$8,717,212
68$23,366,723$18,547$0$9,510,398
69$25,627,091$0$0$10,383,872
70$28,114,142$0$0$11,388,095
71$30,850,874$0$0$12,501,602
72$33,862,628$0$0$13,727,173
73$37,177,329$0$0$15,076,189
74$40,825,741$0$0$16,561,194
75$44,841,765$0$0$18,196,008
76$49,262,756$0$0$19,995,858
77$54,129,872$0$0$21,977,524
78$59,488,467$0$0$24,159,495
79$65,388,515$0$0$26,562,146
80$71,885,083$0$0$29,207,927
81$79,038,850$0$0$32,121,575
82$86,916,677$0$0$35,330,350
83$95,592,243$0$0$38,864,290
84$105,146,734$0$0$42,756,495
85$115,669,611$0$0$47,043,438
86$127,259,456$0$0$51,765,311
87$140,024,899$0$0$56,966,403
88$154,085,644$0$0$62,695,520
89$169,573,598$0$0$69,006,441
90$186,634,117$0$0$75,958,428
91$205,427,375$0$0$83,616,789
92$226,129,877$0$0$92,053,486
93$248,936,126$0$0$101,347,821
94$274,060,454$0$0$111,587,183
95$301,739,047$0$0$122,867,868
96$332,232,177$0$0$135,295,996
97$365,826,651$0$0$148,988,504
98$402,838,527$0$0$164,074,256
99$443,616,086$0$0$180,695,255
100$488,543,129$0$0$199,007,988