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%18.9%
1 years$80,515$79,797$79,098$78,415$77,748$74,959
2 years$39,859$39,116$38,397$37,699$37,023$34,244
3 years$26,309$25,563$24,845$24,154$23,489$20,806
4 years$19,535$18,791$18,081$17,402$16,752$14,187
5 years$15,472$14,733$14,032$13,366$12,735$10,293
6 years$12,764$12,030$11,340$10,689$10,077$7,761
7 years$10,830$10,103$9,423$8,788$8,195$6,004
8 years$9,381$8,660$7,992$7,372$6,799$4,731
9 years$8,254$7,540$6,883$6,279$5,725$3,779
10 years$7,353$6,646$6,001$5,413$4,878$3,049
11 years$6,617$5,917$5,283$4,711$4,196$2,479
12 years$6,003$5,311$4,689$4,132$3,636$2,029
13 years$5,485$4,799$4,189$3,648$3,170$1,668
14 years$5,040$4,362$3,764$3,238$2,779$1,377
15 years$4,656$3,985$3,398$2,888$2,447$1,141
16 years$4,320$3,656$3,081$2,586$2,163$947
17 years$4,023$3,367$2,804$2,323$1,918$788
18 years$3,760$3,112$2,559$2,094$1,705$657
19 years$3,525$2,884$2,343$1,892$1,520$549
20 years$3,314$2,680$2,150$1,714$1,357$459
21 years$3,123$2,496$1,978$1,555$1,215$384
22 years$2,949$2,330$1,823$1,414$1,089$321
23 years$2,791$2,179$1,683$1,288$977$269
24 years$2,647$2,042$1,557$1,174$879$226
25 years$2,514$1,916$1,442$1,073$791$189
26 years$2,391$1,801$1,337$981$712$159
27 years$2,278$1,695$1,242$898$642$133
28 years$2,173$1,597$1,154$822$579$112
29 years$2,076$1,507$1,074$754$523$94
30 years$1,985$1,423$1,000$692$473$79
31 years$1,900$1,345$933$636$427$66
32 years$1,820$1,273$870$584$387$56
33 years$1,746$1,205$813$537$350$47
34 years$1,676$1,142$759$494$317$39
35 years$1,610$1,083$710$455$287$33
36 years$1,549$1,028$664$419$260$28
37 years$1,490$977$622$386$236$23
38 years$1,435$928$582$356$214$20
39 years$1,383$883$545$328$194$17
40 years$1,333$840$511$303$176$14
41 years$1,286$799$479$279$159$12
42 years$1,241$761$450$258$145$10
43 years$1,199$725$422$238$131$8
44 years$1,158$691$396$220$119$7
45 years$1,120$659$372$203$108$6
46 years$1,083$629$349$187$98$5
47 years$1,048$600$328$173$89$4
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$3
50 years$952$523$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 $975,000, adding $2,643 every year, while hoping to spend $55,885 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: 68/6/26 Blend
29$975,000$975,000$975,000$975,000
30$1,077,176$1,025,501$1,010,389$1,143,019
31$1,127,587$1,016,290$984,776$1,178,370
32$1,181,267$1,004,754$956,431$1,210,405
33$1,238,490$990,720$925,206$1,244,168
34$1,299,556$974,006$890,941$1,279,831
35$1,364,796$954,418$853,472$1,317,585
36$1,434,570$931,749$812,629$1,357,640
37$1,509,274$905,782$768,229$1,400,233
38$1,589,341$876,287$720,086$1,445,622
39$1,675,249$843,020$668,003$1,494,097
40$1,767,518$805,721$611,775$1,545,977
41$1,866,722$764,119$551,188$1,601,619
42$1,973,492$717,925$486,016$1,661,415
43$2,088,517$666,832$416,027$1,725,801
44$2,212,557$610,518$340,975$1,795,260
45$2,346,446$548,642$260,606$1,870,328
46$2,491,101$480,843$174,653$1,951,597
47$2,647,527$406,738$82,839$2,039,723
48$2,816,833$325,927$0$2,135,432
49$3,000,235$237,982$0$2,243,729
50$3,199,070$142,454$0$2,386,102
51$3,414,810$38,869$0$2,540,615
52$3,649,072$0$0$2,708,450
53$3,903,637$0$0$2,895,744
54$4,180,462$0$0$3,102,257
55$4,481,701$0$0$3,327,035
56$4,809,723$0$0$3,571,853
57$5,167,136$0$0$3,838,665
58$5,556,811$0$0$4,129,620
59$5,981,904$0$0$4,447,084
60$6,445,894$0$0$4,793,661
61$6,952,607$0$0$5,172,217
62$7,506,255$0$0$5,585,908
63$8,111,477$0$0$6,038,209
64$8,773,378$0$0$6,532,945
65$9,497,580$0$0$7,074,327
66$10,290,275$0$0$7,666,993
67$11,158,279$0$0$8,316,051
68$12,109,098$0$0$9,027,123
69$13,151,001$0$0$9,806,404
70$14,293,091$0$0$10,660,715
71$15,545,396$0$0$11,597,569
72$16,918,959$0$0$12,625,239
73$18,425,947$0$0$13,752,841
74$20,079,756$0$0$14,990,412
75$21,895,146$0$0$16,349,012
76$23,888,375$0$0$17,840,820
77$26,077,351$0$0$19,479,255
78$28,481,801$0$0$21,279,099
79$31,123,459$0$0$23,256,635
80$34,026,267$0$0$25,429,803
81$37,216,599$0$0$27,818,365
82$40,723,515$0$0$30,444,094
83$44,579,027$0$0$33,330,977
84$48,818,405$0$0$36,505,442
85$53,480,507$0$0$39,996,606
86$58,608,147$0$0$43,836,549
87$64,248,494$0$0$48,060,614
88$70,453,519$0$0$52,707,746
89$77,280,485$0$0$57,820,851
90$84,792,483$0$0$63,447,205
91$93,059,031$0$0$69,638,899
92$102,156,725$0$0$76,453,329
93$112,169,962$0$0$83,953,735
94$123,191,737$0$0$92,209,801
95$135,324,517$0$0$101,298,309
96$148,681,208$0$0$111,303,862
97$163,386,219$0$0$122,319,684
98$179,576,637$0$0$134,448,500
99$197,403,515$0$0$147,803,500
100$217,033,302$0$0$162,509,409