Can I retire at age 30 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$80,597$79,879$79,179$78,495$77,828$75,854
2 years$39,900$39,156$38,436$37,738$37,061$35,085
3 years$26,336$25,589$24,871$24,179$23,513$21,597
4 years$19,555$18,811$18,100$17,420$16,770$14,928
5 years$15,487$14,748$14,046$13,380$12,748$10,986
6 years$12,777$12,043$11,351$10,700$10,087$8,407
7 years$10,841$10,113$9,433$8,797$8,203$6,605
8 years$9,390$8,669$8,000$7,380$6,806$5,288
9 years$8,262$7,548$6,890$6,286$5,731$4,293
10 years$7,361$6,653$6,007$5,418$4,883$3,523
11 years$6,623$5,923$5,289$4,716$4,200$2,915
12 years$6,009$5,316$4,693$4,136$3,639$2,429
13 years$5,490$4,804$4,193$3,652$3,174$2,034
14 years$5,046$4,367$3,768$3,242$2,782$1,711
15 years$4,661$3,989$3,402$2,891$2,450$1,444
16 years$4,324$3,660$3,084$2,589$2,165$1,223
17 years$4,027$3,371$2,806$2,326$1,920$1,038
18 years$3,764$3,115$2,562$2,096$1,707$883
19 years$3,529$2,887$2,345$1,894$1,521$752
20 years$3,317$2,682$2,152$1,715$1,359$642
21 years$3,126$2,499$1,980$1,557$1,216$548
22 years$2,952$2,332$1,825$1,415$1,090$469
23 years$2,794$2,181$1,685$1,289$978$402
24 years$2,649$2,044$1,558$1,176$879$344
25 years$2,516$1,918$1,443$1,074$791$295
26 years$2,394$1,803$1,338$982$713$253
27 years$2,280$1,697$1,243$899$643$217
28 years$2,175$1,599$1,155$823$580$186
29 years$2,078$1,508$1,075$755$524$160
30 years$1,987$1,424$1,002$693$473$137
31 years$1,902$1,346$934$636$428$118
32 years$1,822$1,274$871$585$387$102
33 years$1,748$1,206$813$538$350$87
34 years$1,678$1,143$760$495$317$75
35 years$1,612$1,085$711$456$287$64
36 years$1,550$1,029$665$420$260$55
37 years$1,492$978$622$387$236$48
38 years$1,436$929$583$356$214$41
39 years$1,384$884$546$329$194$35
40 years$1,334$841$512$303$176$30
41 years$1,287$800$480$280$160$26
42 years$1,243$762$450$258$145$22
43 years$1,200$726$422$238$131$19
44 years$1,160$692$396$220$119$17
45 years$1,121$660$372$203$108$14
46 years$1,084$630$350$188$98$12
47 years$1,049$601$328$173$89$11
48 years$1,016$574$309$160$81$9
49 years$984$548$290$148$74$8
50 years$953$523$273$137$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $976,000, adding $5,950 every year, while hoping to spend $30,092 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: 71/15/14 Blend
29$976,000$976,000$976,000$976,000
30$1,081,689$1,029,961$1,014,833$1,154,718
31$1,160,004$1,048,412$1,016,813$1,222,405
32$1,245,298$1,066,758$1,017,850$1,292,263
33$1,338,252$1,084,962$1,017,881$1,367,949
34$1,439,614$1,102,986$1,016,841$1,450,032
35$1,550,208$1,120,786$1,014,658$1,539,142
36$1,670,941$1,138,316$1,011,261$1,635,969
37$1,802,811$1,155,527$1,006,572$1,741,276
38$1,946,917$1,172,367$1,000,511$1,855,903
39$2,104,469$1,188,779$992,995$1,980,775
40$2,276,798$1,204,703$983,933$2,116,913
41$2,465,372$1,220,074$973,235$2,265,440
42$2,671,805$1,234,822$960,804$2,427,595
43$2,897,875$1,248,875$946,537$2,604,744
44$3,145,541$1,262,153$930,329$2,798,390
45$3,416,960$1,274,572$912,068$3,010,193
46$3,714,507$1,286,043$891,639$3,241,980
47$4,040,797$1,296,469$868,920$3,495,766
48$4,398,713$1,305,751$843,783$3,773,769
49$4,791,427$1,313,778$816,095$4,078,438
50$5,222,435$1,320,436$785,717$4,412,468
51$5,695,588$1,325,602$752,504$4,778,834
52$6,215,127$1,329,146$716,302$5,180,810
53$6,785,725$1,330,929$676,953$5,622,007
54$7,412,529$1,330,804$634,290$6,106,407
55$8,101,208$1,328,615$588,141$6,638,395
56$8,858,010$1,324,195$538,322$7,222,808
57$9,689,815$1,317,369$484,644$7,864,973
58$10,604,206$1,307,950$426,909$8,570,766
59$11,609,534$1,295,738$364,910$9,346,659
60$12,715,003$1,280,526$298,430$10,199,790
61$13,930,750$1,262,088$227,244$11,138,023
62$15,267,946$1,240,190$151,116$12,170,028
63$16,738,898$1,214,581$69,800$13,305,358
64$18,357,166$1,184,996$0$14,554,544
65$20,137,691$1,151,155$0$15,931,731
66$22,096,935$1,112,760$0$17,458,467
67$24,253,035$1,069,499$0$19,138,455
68$26,625,977$1,021,037$0$20,987,282
69$29,237,782$967,022$0$23,022,119
70$32,112,713$907,084$0$25,261,895
71$35,277,507$840,829$0$27,727,464
72$38,761,623$767,839$0$30,441,811
73$42,597,521$687,676$0$33,430,264
74$46,820,971$599,875$0$36,720,737
75$51,471,386$503,945$0$40,343,989
76$56,592,195$399,366$0$44,333,919
77$62,231,255$285,591$0$48,727,885
78$68,441,298$162,040$0$53,567,053
79$75,280,433$28,103$0$58,896,793
80$82,812,691$0$0$64,767,102
81$91,108,629$0$0$71,252,369
82$100,245,998$0$0$78,400,594
83$110,310,474$0$0$86,274,174
84$121,396,466$0$0$94,946,976
85$133,608,012$0$0$104,500,397
86$147,059,751$0$0$115,024,136
87$161,878,015$0$0$126,617,034
88$178,202,015$0$0$139,388,011
89$196,185,154$0$0$153,457,094
90$215,996,479$0$0$168,956,545
91$237,822,274$0$0$186,032,115
92$261,867,815$0$0$204,844,417
93$288,359,313$0$0$225,570,440
94$317,546,045$0$0$248,405,221
95$349,702,707$0$0$273,563,688
96$385,132,008$0$0$301,282,685
97$424,167,526$0$0$331,823,207
98$467,176,856$0$0$365,472,868
99$514,565,082$0$0$402,548,611
100$566,778,596$0$0$443,399,700