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%11.3%
1 years$80,680$79,961$79,260$78,576$77,907$77,481
2 years$39,940$39,197$38,476$37,777$37,099$36,669
3 years$26,362$25,615$24,896$24,204$23,537$23,117
4 years$19,575$18,830$18,118$17,438$16,787$16,379
5 years$15,503$14,763$14,060$13,394$12,761$12,367
6 years$12,790$12,055$11,363$10,711$10,097$9,718
7 years$10,852$10,124$9,443$8,806$8,212$7,847
8 years$9,400$8,678$8,008$7,387$6,813$6,462
9 years$8,271$7,556$6,897$6,292$5,737$5,401
10 years$7,368$6,660$6,013$5,424$4,888$4,567
11 years$6,630$5,929$5,294$4,721$4,204$3,897
12 years$6,015$5,322$4,698$4,141$3,643$3,350
13 years$5,496$4,809$4,198$3,655$3,177$2,897
14 years$5,051$4,371$3,772$3,245$2,785$2,518
15 years$4,665$3,993$3,405$2,894$2,452$2,199
16 years$4,328$3,664$3,087$2,591$2,167$1,926
17 years$4,032$3,374$2,809$2,328$1,922$1,693
18 years$3,768$3,118$2,565$2,098$1,709$1,492
19 years$3,532$2,890$2,348$1,896$1,523$1,317
20 years$3,321$2,685$2,155$1,717$1,360$1,166
21 years$3,129$2,501$1,982$1,558$1,217$1,034
22 years$2,955$2,335$1,827$1,417$1,091$918
23 years$2,797$2,184$1,687$1,290$979$816
24 years$2,652$2,046$1,560$1,177$880$726
25 years$2,519$1,920$1,445$1,075$792$647
26 years$2,396$1,805$1,340$983$714$577
27 years$2,283$1,698$1,244$900$643$515
28 years$2,178$1,600$1,157$824$580$460
29 years$2,080$1,510$1,076$756$524$411
30 years$1,989$1,426$1,003$694$474$368
31 years$1,904$1,348$935$637$428$329
32 years$1,824$1,275$872$585$387$294
33 years$1,750$1,208$814$538$351$264
34 years$1,680$1,145$761$495$317$236
35 years$1,614$1,086$711$456$287$212
36 years$1,552$1,030$665$420$260$190
37 years$1,493$979$623$387$236$170
38 years$1,438$930$583$357$214$152
39 years$1,385$884$546$329$194$137
40 years$1,336$841$512$303$176$123
41 years$1,289$801$480$280$160$110
42 years$1,244$763$450$258$145$99
43 years$1,201$727$423$238$132$89
44 years$1,161$693$397$220$119$80
45 years$1,122$661$373$203$108$71
46 years$1,085$630$350$188$98$64
47 years$1,050$601$329$173$89$58
48 years$1,017$574$309$160$81$52
49 years$985$548$290$148$74$46
50 years$954$524$273$137$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $977,000, adding $6,957 every year, while hoping to spend $40,530 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: 52/29/19 Blend
29$977,000$977,000$977,000$977,000
30$1,083,830$1,032,049$1,016,906$1,134,194
31$1,151,257$1,039,496$1,007,848$1,177,022
32$1,224,203$1,045,949$997,129$1,218,782
33$1,303,189$1,051,318$984,650$1,263,329
34$1,388,786$1,055,504$970,307$1,310,943
35$1,481,623$1,058,404$953,993$1,361,931
36$1,582,391$1,059,909$935,595$1,416,633
37$1,691,851$1,059,901$914,994$1,475,427
38$1,810,841$1,058,256$892,066$1,538,731
39$1,940,279$1,054,843$866,683$1,607,006
40$2,081,179$1,049,522$838,709$1,680,764
41$2,234,655$1,042,145$808,002$1,760,570
42$2,401,934$1,032,554$774,413$1,847,050
43$2,584,364$1,020,582$737,789$1,940,897
44$2,783,431$1,006,052$697,967$2,042,876
45$3,000,770$988,778$654,778$2,153,834
46$3,238,181$968,560$608,045$2,274,707
47$3,497,644$945,189$557,584$2,406,530
48$3,781,342$918,441$503,201$2,550,449
49$4,091,675$888,081$444,694$2,707,727
50$4,431,289$853,859$381,854$2,879,764
51$4,803,094$815,512$314,460$3,068,104
52$5,210,298$772,760$242,282$3,274,455
53$5,656,431$725,308$165,081$3,500,704
54$6,145,381$672,843$82,607$3,748,935
55$6,681,433$615,035$0$4,021,450
56$7,269,303$551,535$0$4,321,890
57$7,914,185$481,974$0$4,669,910
58$8,621,804$405,963$0$5,051,907
59$9,398,461$323,088$0$5,471,366
60$10,251,099$232,915$0$5,932,133
61$11,187,368$134,984$0$6,438,451
62$12,215,692$28,811$0$6,995,000
63$13,345,353$0$0$7,606,942
64$14,586,573$0$0$8,307,453
65$15,950,619$0$0$9,087,491
66$17,449,897$0$0$9,944,973
67$19,098,080$0$0$10,887,730
68$20,910,229$0$0$11,924,393
69$22,902,938$0$0$13,064,467
70$25,094,488$0$0$14,318,429
71$27,505,024$0$0$15,697,818
72$30,156,737$0$0$17,215,351
73$33,074,081$0$0$18,885,037
74$36,283,996$0$0$20,722,313
75$39,816,168$0$0$22,744,188
76$43,703,304$0$0$24,969,402
77$47,981,444$0$0$27,418,606
78$52,690,296$0$0$30,114,551
79$57,873,617$0$0$33,082,309
80$63,579,616$0$0$36,349,505
81$69,861,418$0$0$39,946,578
82$76,777,560$0$0$43,907,070
83$84,392,542$0$0$48,267,938
84$92,777,438$0$0$53,069,910
85$102,010,564$0$0$58,357,859
86$112,178,219$0$0$64,181,236
87$123,375,495$0$0$70,594,530
88$135,707,179$0$0$77,657,785
89$149,288,738$0$0$85,437,164
90$164,247,407$0$0$94,005,575
91$180,723,394$0$0$103,443,360
92$198,871,199$0$0$113,839,049
93$218,861,071$0$0$125,290,199
94$240,880,618$0$0$137,904,313
95$265,136,574$0$0$151,799,854
96$291,856,750$0$0$167,107,362
97$321,292,187$0$0$183,970,690
98$353,719,518$0$0$202,548,357
99$389,443,586$0$0$223,015,044
100$428,800,317$0$0$245,563,246