Can I retire at age 30 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$80,680$79,961$79,260$78,576$77,907$76,428
2 years$39,940$39,197$38,476$37,777$37,099$35,614
3 years$26,362$25,615$24,896$24,204$23,537$22,093
4 years$19,575$18,830$18,118$17,438$16,787$15,395
5 years$15,503$14,763$14,060$13,394$12,761$11,426
6 years$12,790$12,055$11,363$10,711$10,097$8,820
7 years$10,852$10,124$9,443$8,806$8,212$6,992
8 years$9,400$8,678$8,008$7,387$6,813$5,650
9 years$8,271$7,556$6,897$6,292$5,737$4,631
10 years$7,368$6,660$6,013$5,424$4,888$3,838
11 years$6,630$5,929$5,294$4,721$4,204$3,209
12 years$6,015$5,322$4,698$4,141$3,643$2,701
13 years$5,496$4,809$4,198$3,655$3,177$2,286
14 years$5,051$4,371$3,772$3,245$2,785$1,944
15 years$4,665$3,993$3,405$2,894$2,452$1,660
16 years$4,328$3,664$3,087$2,591$2,167$1,421
17 years$4,032$3,374$2,809$2,328$1,922$1,221
18 years$3,768$3,118$2,565$2,098$1,709$1,050
19 years$3,532$2,890$2,348$1,896$1,523$906
20 years$3,321$2,685$2,155$1,717$1,360$782
21 years$3,129$2,501$1,982$1,558$1,217$677
22 years$2,955$2,335$1,827$1,417$1,091$586
23 years$2,797$2,184$1,687$1,290$979$508
24 years$2,652$2,046$1,560$1,177$880$441
25 years$2,519$1,920$1,445$1,075$792$382
26 years$2,396$1,805$1,340$983$714$332
27 years$2,283$1,698$1,244$900$643$289
28 years$2,178$1,600$1,157$824$580$251
29 years$2,080$1,510$1,076$756$524$219
30 years$1,989$1,426$1,003$694$474$190
31 years$1,904$1,348$935$637$428$166
32 years$1,824$1,275$872$585$387$144
33 years$1,750$1,208$814$538$351$126
34 years$1,680$1,145$761$495$317$110
35 years$1,614$1,086$711$456$287$95
36 years$1,552$1,030$665$420$260$83
37 years$1,493$979$623$387$236$73
38 years$1,438$930$583$357$214$63
39 years$1,385$884$546$329$194$55
40 years$1,336$841$512$303$176$48
41 years$1,289$801$480$280$160$42
42 years$1,244$763$450$258$145$37
43 years$1,201$727$423$238$132$32
44 years$1,161$693$397$220$119$28
45 years$1,122$661$373$203$108$24
46 years$1,085$630$350$188$98$21
47 years$1,050$601$329$173$89$18
48 years$1,017$574$309$160$81$16
49 years$985$548$290$148$74$14
50 years$954$524$273$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $977,000, adding $6,618 every year, while hoping to spend $44,272 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: 70/19/11 Blend
29$977,000$977,000$977,000$977,000
30$1,083,480$1,031,699$1,016,556$1,156,416
31$1,146,890$1,035,148$1,003,506$1,209,086
32$1,215,284$1,037,281$988,534$1,260,693
33$1,289,124$1,037,988$971,531$1,315,990
34$1,368,916$1,037,152$952,379$1,375,331
35$1,455,219$1,034,645$930,957$1,439,108
36$1,548,645$1,030,337$907,137$1,507,751
37$1,649,868$1,024,084$880,787$1,581,739
38$1,759,628$1,015,738$851,767$1,661,596
39$1,878,740$1,005,139$819,931$1,747,903
40$2,008,099$992,119$785,127$1,841,300
41$2,148,692$976,499$747,196$1,942,493
42$2,301,602$958,091$705,970$2,052,263
43$2,468,022$936,694$661,276$2,171,470
44$2,649,264$912,095$612,933$2,301,063
45$2,846,772$884,071$560,749$2,442,090
46$3,062,135$852,383$504,526$2,595,706
47$3,297,102$816,779$444,057$2,763,189
48$3,553,599$776,993$379,126$2,945,945
49$3,833,744$732,744$309,505$3,145,527
50$4,139,871$683,734$234,958$3,363,649
51$4,474,549$629,648$155,240$3,602,202
52$4,840,604$570,152$70,092$3,863,272
53$5,241,151$504,895$0$4,149,160
54$5,679,618$433,504$0$4,464,844
55$6,159,781$355,588$0$4,819,623
56$6,685,797$270,730$0$5,208,387
57$7,262,244$178,492$0$5,634,580
58$7,894,166$78,411$0$6,102,000
59$8,587,116$0$0$6,614,834
60$9,347,211$0$0$7,183,968
61$10,181,188$0$0$7,826,464
62$11,096,468$0$0$8,531,652
63$12,101,226$0$0$9,305,835
64$13,204,466$0$0$10,155,959
65$14,416,108$0$0$11,089,676
66$15,747,078$0$0$12,115,412
67$17,209,413$0$0$13,242,453
68$18,816,375$0$0$14,481,027
69$20,582,572$0$0$15,842,403
70$22,524,099$0$0$17,338,996
71$24,658,689$0$0$18,984,481
72$27,005,877$0$0$20,793,929
73$29,587,185$0$0$22,783,940
74$32,426,329$0$0$24,972,808
75$35,549,434$0$0$27,380,684
76$38,985,289$0$0$30,029,775
77$42,765,609$0$0$32,944,544
78$46,925,343$0$0$36,151,950
79$51,502,995$0$0$39,681,694
80$56,540,992$0$0$43,566,502
81$62,086,084$0$0$47,842,435
82$68,189,778$0$0$52,549,226
83$74,908,833$0$0$57,730,655
84$82,305,789$0$0$63,434,965
85$90,449,555$0$0$69,715,312
86$99,416,067$0$0$76,630,268
87$109,288,993$0$0$84,244,375
88$120,160,530$0$0$92,628,753
89$132,132,273$0$0$101,861,768
90$145,316,167$0$0$112,029,775
91$159,835,570$0$0$123,227,928
92$175,826,413$0$0$135,561,084
93$193,438,482$0$0$149,144,784
94$212,836,831$0$0$164,106,350
95$234,203,342$0$0$180,586,084
96$257,738,438$0$0$198,738,588
97$283,662,974$0$0$218,734,228
98$312,220,322$0$0$240,760,739
99$343,678,666$0$0$265,024,997
100$378,333,536$0$0$291,754,968