Can I retire at age 30 with 977,000?

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 $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%17.4%
1 years$80,680$79,961$79,260$78,576$77,907$75,565
2 years$39,940$39,197$38,476$37,777$37,099$34,758
3 years$26,362$25,615$24,896$24,204$23,537$21,272
4 years$19,575$18,830$18,118$17,438$16,787$14,615
5 years$15,503$14,763$14,060$13,394$12,761$10,688
6 years$12,790$12,055$11,363$10,711$10,097$8,125
7 years$10,852$10,124$9,443$8,806$8,212$6,340
8 years$9,400$8,678$8,008$7,387$6,813$5,040
9 years$8,271$7,556$6,897$6,292$5,737$4,062
10 years$7,368$6,660$6,013$5,424$4,888$3,309
11 years$6,630$5,929$5,294$4,721$4,204$2,717
12 years$6,015$5,322$4,698$4,141$3,643$2,246
13 years$5,496$4,809$4,198$3,655$3,177$1,866
14 years$5,051$4,371$3,772$3,245$2,785$1,556
15 years$4,665$3,993$3,405$2,894$2,452$1,303
16 years$4,328$3,664$3,087$2,591$2,167$1,094
17 years$4,032$3,374$2,809$2,328$1,922$920
18 years$3,768$3,118$2,565$2,098$1,709$776
19 years$3,532$2,890$2,348$1,896$1,523$655
20 years$3,321$2,685$2,155$1,717$1,360$554
21 years$3,129$2,501$1,982$1,558$1,217$469
22 years$2,955$2,335$1,827$1,417$1,091$397
23 years$2,797$2,184$1,687$1,290$979$337
24 years$2,652$2,046$1,560$1,177$880$286
25 years$2,519$1,920$1,445$1,075$792$243
26 years$2,396$1,805$1,340$983$714$206
27 years$2,283$1,698$1,244$900$643$175
28 years$2,178$1,600$1,157$824$580$149
29 years$2,080$1,510$1,076$756$524$127
30 years$1,989$1,426$1,003$694$474$108
31 years$1,904$1,348$935$637$428$92
32 years$1,824$1,275$872$585$387$78
33 years$1,750$1,208$814$538$351$66
34 years$1,680$1,145$761$495$317$56
35 years$1,614$1,086$711$456$287$48
36 years$1,552$1,030$665$420$260$41
37 years$1,493$979$623$387$236$35
38 years$1,438$930$583$357$214$30
39 years$1,385$884$546$329$194$25
40 years$1,336$841$512$303$176$22
41 years$1,289$801$480$280$160$18
42 years$1,244$763$450$258$145$16
43 years$1,201$727$423$238$132$13
44 years$1,161$693$397$220$119$11
45 years$1,122$661$373$203$108$10
46 years$1,085$630$350$188$98$8
47 years$1,050$601$329$173$89$7
48 years$1,017$574$309$160$81$6
49 years$985$548$290$148$74$5
50 years$954$524$273$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $977,000, adding $2,385 every year, while hoping to spend $38,855 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: 41/41/18 Blend
29$977,000$977,000$977,000$977,000
30$1,079,114$1,027,333$1,012,190$1,117,542
31$1,147,842$1,036,331$1,004,757$1,154,057
32$1,222,279$1,044,468$995,772$1,189,606
33$1,302,964$1,051,660$985,144$1,227,268
34$1,390,494$1,057,818$972,773$1,267,258
35$1,485,522$1,062,850$958,560$1,309,810
36$1,588,770$1,066,653$942,395$1,355,188
37$1,701,028$1,069,123$924,169$1,403,683
38$1,823,167$1,070,144$903,763$1,455,618
39$1,956,147$1,069,598$881,056$1,511,352
40$2,101,021$1,067,356$855,919$1,571,282
41$2,258,952$1,063,283$828,218$1,635,850
42$2,431,215$1,057,234$797,814$1,705,545
43$2,619,218$1,049,057$764,559$1,780,910
44$2,824,507$1,038,590$728,301$1,862,545
45$3,048,787$1,025,661$688,880$1,951,118
46$3,293,934$1,010,089$646,127$2,047,366
47$3,562,011$991,679$599,869$2,152,106
48$3,855,294$970,229$549,922$2,266,245
49$4,176,285$945,521$496,095$2,390,785
50$4,527,741$917,327$438,190$2,526,837
51$4,912,698$885,404$375,997$2,675,628
52$5,334,500$849,495$309,299$2,838,519
53$5,796,827$809,328$237,869$3,017,014
54$6,303,735$764,617$161,470$3,212,778
55$6,859,691$715,058$79,853$3,427,652
56$7,469,612$660,329$0$3,663,673
57$8,138,918$600,091$0$3,924,484
58$8,873,577$533,984$0$4,227,641
59$9,680,161$461,629$0$4,560,598
60$10,565,915$382,626$0$4,926,454
61$11,538,814$296,550$0$5,328,631
62$12,607,646$202,954$0$5,770,907
63$13,782,094$101,367$0$6,257,452
64$15,072,822$0$0$6,792,870
65$16,491,580$0$0$7,386,173
66$18,051,313$0$0$8,088,843
67$19,766,284$0$0$8,861,587
68$21,652,204$0$0$9,711,504
69$23,726,386$0$0$10,646,411
70$26,007,902$0$0$11,674,926
71$28,517,767$0$0$12,806,541
72$31,279,137$0$0$14,051,714
73$34,317,521$0$0$15,421,971
74$37,661,031$0$0$16,930,009
75$41,340,636$0$0$18,589,820
76$45,390,464$0$0$20,416,819
77$49,848,116$0$0$22,427,993
78$54,755,025$0$0$24,642,060
79$60,156,845$0$0$27,079,643
80$66,103,880$0$0$29,763,469
81$72,651,560$0$0$32,718,579
82$79,860,963$0$0$35,972,566
83$87,799,393$0$0$39,555,835
84$96,541,009$0$0$43,501,891
85$106,167,532$0$0$47,847,653
86$116,769,009$0$0$52,633,802
87$128,444,667$0$0$57,905,167
88$141,303,847$0$0$63,711,148
89$155,467,034$0$0$70,106,177
90$171,066,998$0$0$77,150,240
91$188,250,042$0$0$84,909,433
92$207,177,383$0$0$93,456,595
93$228,026,677$0$0$102,871,989
94$250,993,691$0$0$113,244,062
95$276,294,152$0$0$124,670,279
96$304,165,781$0$0$137,258,042
97$334,870,540$0$0$151,125,707
98$368,697,100$0$0$166,403,695
99$405,963,566$0$0$183,235,727
100$447,020,481$0$0$201,780,181