Can I retire at age 30 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$80,515$79,797$79,098$78,415$77,748$77,032
2 years$39,859$39,116$38,397$37,699$37,023$36,302
3 years$26,309$25,563$24,845$24,154$23,489$22,785
4 years$19,535$18,791$18,081$17,402$16,752$16,071
5 years$15,472$14,733$14,032$13,366$12,735$12,078
6 years$12,764$12,030$11,340$10,689$10,077$9,445
7 years$10,830$10,103$9,423$8,788$8,195$7,588
8 years$9,381$8,660$7,992$7,372$6,799$6,217
9 years$8,254$7,540$6,883$6,279$5,725$5,169
10 years$7,353$6,646$6,001$5,413$4,878$4,347
11 years$6,617$5,917$5,283$4,711$4,196$3,689
12 years$6,003$5,311$4,689$4,132$3,636$3,153
13 years$5,485$4,799$4,189$3,648$3,170$2,712
14 years$5,040$4,362$3,764$3,238$2,779$2,343
15 years$4,656$3,985$3,398$2,888$2,447$2,033
16 years$4,320$3,656$3,081$2,586$2,163$1,771
17 years$4,023$3,367$2,804$2,323$1,918$1,546
18 years$3,760$3,112$2,559$2,094$1,705$1,354
19 years$3,525$2,884$2,343$1,892$1,520$1,188
20 years$3,314$2,680$2,150$1,714$1,357$1,045
21 years$3,123$2,496$1,978$1,555$1,215$920
22 years$2,949$2,330$1,823$1,414$1,089$811
23 years$2,791$2,179$1,683$1,288$977$716
24 years$2,647$2,042$1,557$1,174$879$633
25 years$2,514$1,916$1,442$1,073$791$560
26 years$2,391$1,801$1,337$981$712$496
27 years$2,278$1,695$1,242$898$642$440
28 years$2,173$1,597$1,154$822$579$390
29 years$2,076$1,507$1,074$754$523$346
30 years$1,985$1,423$1,000$692$473$307
31 years$1,900$1,345$933$636$427$273
32 years$1,820$1,273$870$584$387$242
33 years$1,746$1,205$813$537$350$215
34 years$1,676$1,142$759$494$317$191
35 years$1,610$1,083$710$455$287$170
36 years$1,549$1,028$664$419$260$151
37 years$1,490$977$622$386$236$135
38 years$1,435$928$582$356$214$120
39 years$1,383$883$545$328$194$107
40 years$1,333$840$511$303$176$95
41 years$1,286$799$479$279$159$85
42 years$1,241$761$450$258$145$75
43 years$1,199$725$422$238$131$67
44 years$1,158$691$396$220$119$60
45 years$1,120$659$372$203$108$53
46 years$1,083$629$349$187$98$47
47 years$1,048$600$328$173$89$42
48 years$1,015$573$308$160$81$38
49 years$983$547$290$148$74$33
50 years$952$523$272$137$67$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $975,000, adding $3,732 every year, while hoping to spend $28,173 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: 74/16/10 Blend
29$975,000$975,000$975,000$975,000
30$1,078,300$1,026,625$1,011,512$1,155,847
31$1,158,310$1,046,953$1,015,422$1,227,841
32$1,245,538$1,067,334$1,018,518$1,302,796
33$1,340,689$1,087,739$1,020,745$1,384,129
34$1,444,540$1,108,140$1,022,041$1,472,463
35$1,557,948$1,128,503$1,022,344$1,568,484
36$1,681,855$1,148,796$1,021,589$1,672,948
37$1,817,297$1,168,981$1,019,705$1,786,687
38$1,965,418$1,189,017$1,016,621$1,910,619
39$2,127,473$1,208,861$1,012,261$2,045,754
40$2,304,848$1,228,468$1,006,545$2,193,205
41$2,499,067$1,247,787$999,388$2,354,197
42$2,711,809$1,266,766$990,705$2,530,083
43$2,944,922$1,285,346$980,402$2,722,351
44$3,200,443$1,303,467$968,384$2,932,642
45$3,480,613$1,321,062$954,551$3,162,761
46$3,787,904$1,338,062$938,796$3,414,702
47$4,125,035$1,354,392$921,010$3,690,658
48$4,495,002$1,369,970$901,077$3,993,048
49$4,901,105$1,384,713$878,877$4,324,536
50$5,346,982$1,398,527$854,283$4,688,059
51$5,836,635$1,411,316$827,163$5,086,853
52$6,374,478$1,422,976$797,378$5,524,484
53$6,965,369$1,433,397$764,785$6,004,881
54$7,614,663$1,442,460$729,232$6,532,376
55$8,328,258$1,450,040$690,561$7,111,741
56$9,112,652$1,456,003$648,606$7,748,236
57$9,975,004$1,460,209$603,196$8,447,657
58$10,923,201$1,462,506$554,150$9,216,393
59$11,965,933$1,462,734$501,279$10,061,483
60$13,112,773$1,460,723$444,387$10,990,686
61$14,374,270$1,456,292$383,267$12,012,552
62$15,762,045$1,449,250$317,707$13,136,505
63$17,288,904$1,439,394$247,480$14,372,929
64$18,968,955$1,426,506$172,353$15,733,270
65$20,817,743$1,410,360$92,082$17,230,142
66$22,852,397$1,390,713$6,411$18,877,445
67$25,091,791$1,367,306$0$20,690,500
68$27,556,718$1,339,869$0$22,695,261
69$30,270,094$1,308,113$0$24,902,585
70$33,257,165$1,271,733$0$27,332,325
71$36,545,753$1,230,404$0$30,007,113
72$40,166,512$1,183,786$0$32,951,891
73$44,153,220$1,131,516$0$36,194,142
74$48,543,100$1,073,211$0$39,764,157
75$53,377,164$1,008,466$0$43,695,313
76$58,700,606$936,853$0$48,024,393
77$64,563,227$857,918$0$52,791,931
78$71,019,903$771,182$0$58,042,598
79$78,131,103$676,141$0$63,825,620
80$85,963,462$572,258$0$70,195,247
81$94,590,406$458,969$0$77,211,260
82$104,092,846$335,677$0$84,939,542
83$114,559,942$201,752$0$93,452,696
84$126,089,946$56,527$0$102,830,730
85$138,791,124$0$0$113,161,816
86$152,782,783$0$0$124,560,851
87$168,196,392$0$0$137,129,382
88$185,176,826$0$0$150,975,597
89$203,883,734$0$0$166,229,686
90$224,493,041$0$0$183,035,110
91$247,198,612$0$0$201,549,963
92$272,214,080$0$0$221,948,457
93$299,774,864$0$0$244,422,570
94$330,140,389$0$0$269,183,856
95$363,596,535$0$0$296,465,445
96$400,458,335$0$0$326,524,238
97$441,072,950$0$0$359,643,336
98$485,822,944$0$0$396,134,712
99$535,129,894$0$0$436,342,152
100$589,458,373$0$0$480,644,504