Can I retire at age 30 with 975,000?

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 $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%16.9%
1 years$80,515$79,797$79,098$78,415$77,748$75,562
2 years$39,859$39,116$38,397$37,699$37,023$34,837
3 years$26,309$25,563$24,845$24,154$23,489$21,372
4 years$19,535$18,791$18,081$17,402$16,752$14,721
5 years$15,472$14,733$14,032$13,366$12,735$10,794
6 years$12,764$12,030$11,340$10,689$10,077$8,228
7 years$10,830$10,103$9,423$8,788$8,195$6,439
8 years$9,381$8,660$7,992$7,372$6,799$5,134
9 years$8,254$7,540$6,883$6,279$5,725$4,150
10 years$7,353$6,646$6,001$5,413$4,878$3,391
11 years$6,617$5,917$5,283$4,711$4,196$2,793
12 years$6,003$5,311$4,689$4,132$3,636$2,316
13 years$5,485$4,799$4,189$3,648$3,170$1,931
14 years$5,040$4,362$3,764$3,238$2,779$1,616
15 years$4,656$3,985$3,398$2,888$2,447$1,358
16 years$4,320$3,656$3,081$2,586$2,163$1,144
17 years$4,023$3,367$2,804$2,323$1,918$966
18 years$3,760$3,112$2,559$2,094$1,705$817
19 years$3,525$2,884$2,343$1,892$1,520$693
20 years$3,314$2,680$2,150$1,714$1,357$588
21 years$3,123$2,496$1,978$1,555$1,215$500
22 years$2,949$2,330$1,823$1,414$1,089$425
23 years$2,791$2,179$1,683$1,288$977$362
24 years$2,647$2,042$1,557$1,174$879$308
25 years$2,514$1,916$1,442$1,073$791$263
26 years$2,391$1,801$1,337$981$712$224
27 years$2,278$1,695$1,242$898$642$191
28 years$2,173$1,597$1,154$822$579$163
29 years$2,076$1,507$1,074$754$523$139
30 years$1,985$1,423$1,000$692$473$119
31 years$1,900$1,345$933$636$427$102
32 years$1,820$1,273$870$584$387$87
33 years$1,746$1,205$813$537$350$74
34 years$1,676$1,142$759$494$317$63
35 years$1,610$1,083$710$455$287$54
36 years$1,549$1,028$664$419$260$46
37 years$1,490$977$622$386$236$40
38 years$1,435$928$582$356$214$34
39 years$1,383$883$545$328$194$29
40 years$1,333$840$511$303$176$25
41 years$1,286$799$479$279$159$21
42 years$1,241$761$450$258$145$18
43 years$1,199$725$422$238$131$16
44 years$1,158$691$396$220$119$13
45 years$1,120$659$372$203$108$11
46 years$1,083$629$349$187$98$10
47 years$1,048$600$328$173$89$8
48 years$1,015$573$308$160$81$7
49 years$983$547$290$148$74$6
50 years$952$523$272$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $975,000, adding $2,630 every year, while hoping to spend $34,347 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: 61/23/16 Blend
29$975,000$975,000$975,000$975,000
30$1,077,163$1,025,488$1,010,375$1,138,372
31$1,150,489$1,039,192$1,007,678$1,193,618
32$1,230,142$1,052,416$1,003,739$1,249,793
33$1,316,733$1,065,101$998,481$1,310,286
34$1,410,932$1,077,183$991,822$1,375,518
35$1,513,475$1,088,593$983,676$1,445,956
36$1,625,174$1,099,259$973,954$1,522,111
37$1,746,923$1,109,103$962,562$1,604,550
38$1,879,703$1,118,043$949,402$1,693,898
39$2,024,597$1,125,991$934,371$1,790,843
40$2,182,794$1,132,853$917,361$1,896,146
41$2,355,606$1,138,530$898,259$2,010,644
42$2,544,475$1,142,915$876,948$2,135,263
43$2,750,989$1,145,895$853,303$2,271,023
44$2,976,897$1,147,352$827,197$2,419,049
45$3,224,125$1,147,157$798,492$2,580,583
46$3,494,794$1,145,175$767,050$2,756,995
47$3,791,237$1,141,263$732,720$2,949,794
48$4,116,027$1,135,269$695,350$3,160,648
49$4,471,996$1,127,031$654,778$3,391,394
50$4,862,261$1,116,377$610,835$3,644,059
51$5,290,258$1,103,126$563,344$3,920,881
52$5,759,770$1,087,085$512,122$4,224,325
53$6,274,965$1,068,050$456,976$4,557,112
54$6,840,432$1,045,805$397,705$4,922,242
55$7,461,227$1,020,121$334,100$5,323,023
56$8,142,920$990,755$265,940$5,763,106
57$8,891,646$957,450$192,997$6,246,514
58$9,714,164$919,935$115,033$6,777,687
59$10,617,919$877,923$31,797$7,361,519
60$11,611,114$831,108$0$8,003,407
61$12,702,785$779,170$0$8,719,040
62$13,902,888$721,768$0$9,511,672
63$15,222,391$658,542$0$10,383,153
64$16,673,376$589,113$0$11,341,514
65$18,269,159$513,078$0$12,395,610
66$20,024,408$430,013$0$13,555,196
67$21,955,283$339,469$0$14,831,029
68$24,079,592$240,973$0$16,234,963
69$26,416,954$134,024$0$17,780,067
70$28,988,986$18,094$0$19,480,744
71$31,819,506$0$0$21,352,871
72$34,934,759$0$0$23,441,122
73$38,363,663$0$0$25,744,754
74$42,138,079$0$0$28,280,604
75$46,293,118$0$0$31,072,272
76$50,867,465$0$0$34,145,763
77$55,903,747$0$0$37,529,729
78$61,448,936$0$0$41,255,745
79$67,554,789$0$0$45,358,600
80$74,278,338$0$0$49,876,632
81$81,682,427$0$0$54,852,084
82$89,836,305$0$0$60,331,505
83$98,816,281$0$0$66,366,189
84$108,706,440$0$0$73,012,659
85$119,599,438$0$0$80,333,197
86$131,597,377$0$0$88,396,438
87$144,812,768$0$0$97,278,011
88$159,369,592$0$0$107,061,256
89$175,404,468$0$0$117,838,010
90$193,067,946$0$0$129,709,473
91$212,525,923$0$0$142,787,163
92$233,961,213$0$0$157,193,968
93$257,575,268$0$0$173,065,306
94$283,590,083$0$0$190,550,403
95$312,250,286$0$0$209,813,702
96$343,825,450$0$0$231,036,413
97$378,612,640$0$0$254,418,225
98$416,939,208$0$0$280,179,188
99$459,165,890$0$0$308,561,795
100$505,690,209$0$0$339,833,263