Can I retire at age 30 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$80,762$80,043$79,341$78,656$77,987$74,922
2 years$39,981$39,237$38,515$37,815$37,137$34,087
3 years$26,389$25,642$24,922$24,229$23,561$20,622
4 years$19,595$18,849$18,137$17,455$16,804$13,997
5 years$15,519$14,778$14,075$13,407$12,774$10,108
6 years$12,803$12,067$11,375$10,722$10,108$7,583
7 years$10,863$10,134$9,452$8,815$8,220$5,837
8 years$9,410$8,687$8,016$7,395$6,820$4,575
9 years$8,279$7,563$6,904$6,299$5,743$3,633
10 years$7,376$6,667$6,019$5,430$4,893$2,915
11 years$6,637$5,935$5,299$4,725$4,208$2,357
12 years$6,022$5,327$4,703$4,145$3,647$1,917
13 years$5,501$4,814$4,202$3,659$3,180$1,567
14 years$5,056$4,376$3,775$3,248$2,788$1,285
15 years$4,670$3,997$3,409$2,897$2,455$1,058
16 years$4,333$3,668$3,091$2,594$2,169$873
17 years$4,036$3,378$2,812$2,331$1,923$721
18 years$3,772$3,121$2,567$2,100$1,710$597
19 years$3,536$2,893$2,350$1,898$1,524$495
20 years$3,324$2,688$2,157$1,719$1,362$411
21 years$3,132$2,504$1,984$1,560$1,219$342
22 years$2,958$2,337$1,828$1,418$1,092$284
23 years$2,800$2,186$1,688$1,292$980$236
24 years$2,655$2,048$1,561$1,178$881$197
25 years$2,521$1,922$1,446$1,076$793$164
26 years$2,399$1,806$1,341$984$714$137
27 years$2,285$1,700$1,245$900$644$114
28 years$2,180$1,602$1,158$825$581$95
29 years$2,082$1,511$1,077$757$525$79
30 years$1,991$1,427$1,004$694$474$66
31 years$1,906$1,349$936$638$429$55
32 years$1,826$1,277$873$586$388$46
33 years$1,751$1,209$815$539$351$38
34 years$1,681$1,146$762$496$318$32
35 years$1,615$1,087$712$456$288$27
36 years$1,553$1,032$666$420$261$22
37 years$1,495$980$623$387$236$19
38 years$1,439$931$584$357$214$16
39 years$1,387$885$547$329$194$13
40 years$1,337$842$513$304$176$11
41 years$1,290$802$481$280$160$9
42 years$1,245$764$451$259$145$8
43 years$1,203$728$423$239$132$6
44 years$1,162$694$397$220$119$5
45 years$1,123$661$373$204$108$4
46 years$1,087$631$350$188$98$4
47 years$1,051$602$329$174$89$3
48 years$1,018$575$309$160$81$3
49 years$986$549$291$148$74$2
50 years$955$524$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $978,000, adding $3,328 every year, while hoping to spend $40,628 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: 53/20/27 Blend
29$978,000$978,000$978,000$978,000
30$1,081,189$1,029,355$1,014,196$1,130,194
31$1,148,242$1,036,565$1,004,944$1,171,690
32$1,220,773$1,042,767$994,020$1,212,405
33$1,299,298$1,047,869$981,325$1,255,898
34$1,384,384$1,051,772$966,757$1,302,452
35$1,476,653$1,054,371$950,205$1,352,379
36$1,576,793$1,055,556$931,558$1,406,024
37$1,685,557$1,055,210$910,697$1,463,771
38$1,803,775$1,053,206$887,496$1,526,042
39$1,932,359$1,049,412$861,826$1,593,307
40$2,072,313$1,043,687$833,551$1,666,085
41$2,224,743$1,035,881$802,529$1,744,950
42$2,390,863$1,025,836$768,610$1,830,538
43$2,572,013$1,013,384$731,640$1,923,551
44$2,769,664$998,346$691,456$2,024,767
45$2,985,438$980,533$647,888$2,135,046
46$3,221,119$959,745$600,759$2,255,338
47$3,478,671$935,770$549,882$2,386,695
48$3,760,257$908,384$495,064$2,530,279
49$4,068,257$877,349$436,103$2,687,374
50$4,405,294$842,414$372,787$2,859,400
51$4,774,254$803,312$304,895$3,047,925
52$5,178,316$759,762$232,197$3,254,683
53$5,620,980$711,467$154,452$3,481,590
54$6,106,102$658,111$71,408$3,730,759
55$6,637,928$599,362$0$4,004,530
56$7,221,133$534,867$0$4,310,441
57$7,860,869$464,256$0$4,668,662
58$8,562,808$387,135$0$5,061,828
59$9,333,199$303,089$0$5,493,501
60$10,178,925$211,680$0$5,967,609
61$11,107,568$112,445$0$6,488,483
62$12,127,480$4,894$0$7,060,896
63$13,247,861$0$0$7,690,115
64$14,478,847$0$0$8,406,480
65$15,831,605$0$0$9,194,996
66$17,318,436$0$0$10,061,768
67$18,952,891$0$0$11,014,711
68$20,749,902$0$0$12,062,544
69$22,725,919$0$0$13,214,872
70$24,899,064$0$0$14,482,278
71$27,289,306$0$0$15,876,424
72$29,918,644$0$0$17,410,157
73$32,811,318$0$0$19,097,633
74$35,994,036$0$0$20,954,447
75$39,496,224$0$0$22,997,786
76$43,350,305$0$0$25,246,584
77$47,592,005$0$0$27,721,704
78$52,260,687$0$0$30,446,136
79$57,399,725$0$0$33,445,209
80$63,056,911$0$0$36,746,835
81$69,284,905$0$0$40,381,769
82$76,141,736$0$0$44,383,899
83$83,691,340$0$0$48,790,567
84$92,004,174$0$0$53,642,919
85$101,157,871$0$0$58,986,296
86$111,237,976$0$0$64,870,660
87$122,338,756$0$0$71,351,063
88$134,564,082$0$0$78,488,170
89$148,028,415$0$0$86,348,831
90$162,857,881$0$0$95,006,707
91$179,191,466$0$0$104,542,970
92$197,182,323$0$0$115,047,069
93$216,999,216$0$0$126,617,567
94$238,828,118$0$0$139,363,082
95$262,873,960$0$0$153,403,300
96$289,362,567$0$0$168,870,113
97$318,542,790$0$0$185,908,862
98$350,688,849$0$0$204,679,703
99$386,102,930$0$0$225,359,127
100$425,118,028$0$0$248,141,618