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%18.2%
1 years$80,432$79,716$79,017$78,334$77,668$75,092
2 years$39,818$39,076$38,358$37,661$36,985$34,414
3 years$26,282$25,537$24,820$24,130$23,465$20,980
4 years$19,515$18,772$18,063$17,384$16,735$14,356
5 years$15,456$14,718$14,017$13,353$12,722$10,455
6 years$12,751$12,018$11,328$10,678$10,066$7,913
7 years$10,819$10,093$9,414$8,779$8,187$6,147
8 years$9,371$8,651$7,984$7,365$6,792$4,863
9 years$8,246$7,533$6,876$6,273$5,720$3,901
10 years$7,346$6,640$5,995$5,407$4,873$3,161
11 years$6,610$5,911$5,278$4,706$4,191$2,582
12 years$5,997$5,305$4,684$4,128$3,632$2,123
13 years$5,479$4,794$4,185$3,644$3,167$1,754
14 years$5,035$4,358$3,760$3,235$2,776$1,455
15 years$4,651$3,981$3,395$2,885$2,445$1,211
16 years$4,315$3,653$3,078$2,583$2,160$1,011
17 years$4,019$3,364$2,801$2,321$1,916$846
18 years$3,756$3,108$2,557$2,092$1,703$709
19 years$3,521$2,881$2,341$1,890$1,518$595
20 years$3,310$2,677$2,148$1,712$1,356$500
21 years$3,120$2,494$1,976$1,554$1,214$421
22 years$2,946$2,328$1,821$1,413$1,088$354
23 years$2,788$2,177$1,681$1,286$976$298
24 years$2,644$2,040$1,555$1,173$878$252
25 years$2,511$1,914$1,440$1,072$790$212
26 years$2,389$1,799$1,336$980$711$179
27 years$2,276$1,693$1,240$897$641$151
28 years$2,171$1,595$1,153$822$579$128
29 years$2,073$1,505$1,073$753$523$108
30 years$1,983$1,421$999$691$472$91
31 years$1,898$1,344$932$635$427$77
32 years$1,819$1,271$869$584$386$65
33 years$1,744$1,204$812$537$349$55
34 years$1,674$1,141$758$494$316$47
35 years$1,609$1,082$709$455$287$39
36 years$1,547$1,027$663$419$260$33
37 years$1,489$976$621$386$235$28
38 years$1,433$927$581$356$213$24
39 years$1,381$882$545$328$193$20
40 years$1,332$839$511$302$175$17
41 years$1,285$799$479$279$159$14
42 years$1,240$761$449$257$144$12
43 years$1,198$725$421$238$131$10
44 years$1,157$691$396$219$119$9
45 years$1,119$659$371$203$108$7
46 years$1,082$628$349$187$98$6
47 years$1,047$600$328$173$89$5
48 years$1,014$572$308$160$81$4
49 years$982$547$289$148$73$4
50 years$951$522$272$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $974,000, adding $3,181 every year, while hoping to spend $31,684 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: 28/45/27 Blend
29$974,000$974,000$974,000$974,000
30$1,076,629$1,025,007$1,009,910$1,097,674
31$1,152,734$1,041,521$1,010,031$1,131,193
32$1,235,539$1,057,782$1,009,093$1,164,221
33$1,325,695$1,073,745$1,007,029$1,199,064
34$1,423,918$1,089,359$1,003,766$1,235,899
35$1,530,993$1,104,574$999,228$1,274,924
36$1,647,788$1,119,332$993,336$1,316,356
37$1,775,256$1,133,573$986,006$1,360,438
38$1,914,447$1,147,232$977,152$1,407,441
39$2,066,516$1,160,242$966,682$1,457,661
40$2,232,735$1,172,528$954,500$1,511,431
41$2,414,504$1,184,012$940,506$1,569,118
42$2,613,366$1,194,611$924,595$1,631,129
43$2,831,018$1,204,236$906,658$1,697,914
44$3,069,329$1,212,791$886,579$1,769,975
45$3,330,360$1,220,177$864,238$1,847,866
46$3,616,376$1,226,285$839,509$1,932,200
47$3,929,875$1,231,001$812,261$2,023,657
48$4,273,606$1,234,205$782,356$2,122,990
49$4,650,599$1,235,766$749,651$2,231,033
50$5,064,190$1,235,548$713,993$2,348,708
51$5,518,052$1,233,405$675,227$2,477,037
52$6,016,234$1,229,182$633,188$2,617,150
53$6,563,193$1,222,716$587,703$2,770,296
54$7,163,842$1,213,832$538,594$2,937,860
55$7,823,590$1,202,345$485,673$3,121,372
56$8,548,396$1,188,060$428,743$3,322,522
57$9,344,827$1,170,770$367,600$3,543,183
58$10,220,115$1,150,253$302,031$3,785,422
59$11,182,230$1,126,279$231,812$4,051,527
60$12,239,949$1,098,598$156,710$4,344,025
61$13,402,946$1,066,952$76,481$4,665,708
62$14,681,876$1,031,061$0$5,019,665
63$16,088,479$990,635$0$5,411,937
64$17,635,691$945,363$0$5,867,346
65$19,337,763$894,918$0$6,368,076
66$21,210,399$838,953$0$6,918,809
67$23,270,899$777,101$0$7,524,710
68$25,538,327$708,975$0$8,191,478
69$28,033,687$634,166$0$8,925,398
70$30,780,123$552,240$0$9,733,408
71$33,803,136$462,740$0$10,623,160
72$37,130,824$365,183$0$11,603,094
73$40,794,150$259,058$0$12,682,523
74$44,827,228$143,827$0$13,871,718
75$49,267,651$18,920$0$15,182,008
76$54,156,840$0$0$16,625,891
77$59,540,439$0$0$18,274,721
78$65,468,742$0$0$20,100,900
79$71,997,171$0$0$22,112,158
80$79,186,794$0$0$24,327,334
81$87,104,904$0$0$26,767,190
82$95,825,655$0$0$29,454,603
83$105,430,758$0$0$32,414,783
84$116,010,255$0$0$35,675,509
85$127,663,366$0$0$39,267,393
86$140,499,425$0$0$43,224,169
87$154,638,917$0$0$47,583,008
88$170,214,605$0$0$52,384,873
89$187,372,794$0$0$57,674,902
90$206,274,701$0$0$63,502,838
91$227,097,984$0$0$69,923,493
92$250,038,414$0$0$76,997,272
93$275,311,726$0$0$84,790,736
94$303,155,652$0$0$93,377,235
95$333,832,165$0$0$102,837,599
96$367,629,954$0$0$113,260,901
97$404,867,145$0$0$124,745,296
98$445,894,306$0$0$137,398,951
99$491,097,755$0$0$151,341,061
100$540,903,205$0$0$166,702,981