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%12.5%
1 years$80,597$79,879$79,179$78,495$77,828$77,015
2 years$39,900$39,156$38,436$37,738$37,061$36,242
3 years$26,336$25,589$24,871$24,179$23,513$22,714
4 years$19,555$18,811$18,100$17,420$16,770$15,997
5 years$15,487$14,748$14,046$13,380$12,748$12,003
6 years$12,777$12,043$11,351$10,700$10,087$9,371
7 years$10,841$10,113$9,433$8,797$8,203$7,517
8 years$9,390$8,669$8,000$7,380$6,806$6,148
9 years$8,262$7,548$6,890$6,286$5,731$5,103
10 years$7,361$6,653$6,007$5,418$4,883$4,284
11 years$6,623$5,923$5,289$4,716$4,200$3,628
12 years$6,009$5,316$4,693$4,136$3,639$3,096
13 years$5,490$4,804$4,193$3,652$3,174$2,657
14 years$5,046$4,367$3,768$3,242$2,782$2,291
15 years$4,661$3,989$3,402$2,891$2,450$1,984
16 years$4,324$3,660$3,084$2,589$2,165$1,724
17 years$4,027$3,371$2,806$2,326$1,920$1,503
18 years$3,764$3,115$2,562$2,096$1,707$1,313
19 years$3,529$2,887$2,345$1,894$1,521$1,150
20 years$3,317$2,682$2,152$1,715$1,359$1,009
21 years$3,126$2,499$1,980$1,557$1,216$886
22 years$2,952$2,332$1,825$1,415$1,090$780
23 years$2,794$2,181$1,685$1,289$978$687
24 years$2,649$2,044$1,558$1,176$879$606
25 years$2,516$1,918$1,443$1,074$791$535
26 years$2,394$1,803$1,338$982$713$472
27 years$2,280$1,697$1,243$899$643$418
28 years$2,175$1,599$1,155$823$580$369
29 years$2,078$1,508$1,075$755$524$327
30 years$1,987$1,424$1,002$693$473$290
31 years$1,902$1,346$934$636$428$257
32 years$1,822$1,274$871$585$387$227
33 years$1,748$1,206$813$538$350$202
34 years$1,678$1,143$760$495$317$179
35 years$1,612$1,085$711$456$287$159
36 years$1,550$1,029$665$420$260$141
37 years$1,492$978$622$387$236$125
38 years$1,436$929$583$356$214$111
39 years$1,384$884$546$329$194$98
40 years$1,334$841$512$303$176$87
41 years$1,287$800$480$280$160$78
42 years$1,243$762$450$258$145$69
43 years$1,200$726$422$238$131$61
44 years$1,160$692$396$220$119$54
45 years$1,121$660$372$203$108$48
46 years$1,084$630$350$188$98$43
47 years$1,049$601$328$173$89$38
48 years$1,016$574$309$160$81$34
49 years$984$548$290$148$74$30
50 years$953$523$273$137$67$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $976,000, adding $3,881 every year, while hoping to spend $42,639 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: 69/23/8 Blend
29$976,000$976,000$976,000$976,000
30$1,079,555$1,027,827$1,012,699$1,152,248
31$1,144,302$1,032,823$1,001,257$1,205,904
32$1,214,225$1,036,635$988,003$1,259,015
33$1,289,805$1,039,159$972,830$1,315,964
34$1,371,573$1,040,287$955,628$1,377,117
35$1,460,114$1,039,901$936,282$1,442,882
36$1,556,068$1,037,879$914,670$1,513,705
37$1,660,141$1,034,089$890,665$1,590,081
38$1,773,108$1,028,391$864,135$1,672,556
39$1,895,822$1,020,639$834,940$1,761,730
40$2,029,221$1,010,676$802,936$1,858,269
41$2,174,337$998,335$767,970$1,962,903
42$2,332,307$983,441$729,885$2,076,442
43$2,504,379$965,806$688,513$2,199,777
44$2,691,930$945,235$643,682$2,333,892
45$2,896,472$921,516$595,210$2,479,871
46$3,119,671$894,430$542,909$2,638,914
47$3,363,361$863,740$486,580$2,812,341
48$3,629,559$829,199$426,016$3,001,610
49$3,920,489$790,545$361,003$3,208,330
50$4,238,597$747,499$291,314$3,434,276
51$4,586,575$699,768$216,714$3,681,405
52$4,967,389$647,040$136,958$3,951,877
53$5,384,306$588,988$51,789$4,248,075
54$5,840,921$525,264$0$4,572,628
55$6,341,194$455,501$0$4,931,774
56$6,889,487$379,312$0$5,330,307
57$7,490,602$296,286$0$5,767,357
58$8,149,831$205,991$0$6,246,841
59$8,872,999$107,970$0$6,773,079
60$9,666,525$1,741$0$7,350,836
61$10,537,477$0$0$7,985,363
62$11,493,644$0$0$8,711,104
63$12,543,601$0$0$9,508,575
64$13,696,799$0$0$10,384,520
65$14,963,646$0$0$11,346,852
66$16,355,609$0$0$12,404,290
67$17,885,321$0$0$13,566,439
68$19,566,699$0$0$14,843,879
69$21,415,076$0$0$16,248,269
70$23,447,343$0$0$17,792,451
71$25,682,111$0$0$19,490,576
72$28,139,884$0$0$21,358,234
73$30,843,253$0$0$23,412,601
74$33,817,109$0$0$25,672,601
75$37,088,875$0$0$28,159,087
76$40,688,768$0$0$30,895,033
77$44,650,079$0$0$33,905,753
78$49,009,493$0$0$37,219,138
79$53,807,428$0$0$40,865,920
80$59,088,419$0$0$44,879,963
81$64,901,540$0$0$49,298,578
82$71,300,861$0$0$54,162,880
83$78,345,962$0$0$59,518,169
84$86,102,496$0$0$65,414,364
85$94,642,800$0$0$71,906,469
86$104,046,589$0$0$79,055,093
87$114,401,695$0$0$86,927,024
88$125,804,907$0$0$95,595,853
89$138,362,874$0$0$105,142,675
90$152,193,120$0$0$115,656,847
91$167,425,143$0$0$127,236,839
92$184,201,644$0$0$139,991,154
93$202,679,872$0$0$154,039,357
94$223,033,103$0$0$169,513,205
95$245,452,280$0$0$186,557,882
96$270,147,812$0$0$205,333,379
97$297,351,559$0$0$226,015,993
98$327,319,022$0$0$248,800,000
99$360,331,750$0$0$273,899,483
100$396,700,001$0$0$301,550,353