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%13.6%
1 years$80,762$80,043$79,341$78,656$77,987$76,822
2 years$39,981$39,237$38,515$37,815$37,137$35,965
3 years$26,389$25,642$24,922$24,229$23,561$22,420
4 years$19,595$18,849$18,137$17,455$16,804$15,702
5 years$15,519$14,778$14,075$13,407$12,774$11,714
6 years$12,803$12,067$11,375$10,722$10,108$9,092
7 years$10,863$10,134$9,452$8,815$8,220$7,248
8 years$9,410$8,687$8,016$7,395$6,820$5,891
9 years$8,279$7,563$6,904$6,299$5,743$4,858
10 years$7,376$6,667$6,019$5,430$4,893$4,051
11 years$6,637$5,935$5,299$4,725$4,208$3,408
12 years$6,022$5,327$4,703$4,145$3,647$2,887
13 years$5,501$4,814$4,202$3,659$3,180$2,460
14 years$5,056$4,376$3,775$3,248$2,788$2,106
15 years$4,670$3,997$3,409$2,897$2,455$1,810
16 years$4,333$3,668$3,091$2,594$2,169$1,561
17 years$4,036$3,378$2,812$2,331$1,923$1,350
18 years$3,772$3,121$2,567$2,100$1,710$1,170
19 years$3,536$2,893$2,350$1,898$1,524$1,017
20 years$3,324$2,688$2,157$1,719$1,362$885
21 years$3,132$2,504$1,984$1,560$1,219$771
22 years$2,958$2,337$1,828$1,418$1,092$673
23 years$2,800$2,186$1,688$1,292$980$588
24 years$2,655$2,048$1,561$1,178$881$514
25 years$2,521$1,922$1,446$1,076$793$450
26 years$2,399$1,806$1,341$984$714$394
27 years$2,285$1,700$1,245$900$644$345
28 years$2,180$1,602$1,158$825$581$303
29 years$2,082$1,511$1,077$757$525$265
30 years$1,991$1,427$1,004$694$474$233
31 years$1,906$1,349$936$638$429$205
32 years$1,826$1,277$873$586$388$180
33 years$1,751$1,209$815$539$351$158
34 years$1,681$1,146$762$496$318$139
35 years$1,615$1,087$712$456$288$122
36 years$1,553$1,032$666$420$261$107
37 years$1,495$980$623$387$236$94
38 years$1,439$931$584$357$214$83
39 years$1,387$885$547$329$194$73
40 years$1,337$842$513$304$176$64
41 years$1,290$802$481$280$160$56
42 years$1,245$764$451$259$145$50
43 years$1,203$728$423$239$132$44
44 years$1,162$694$397$220$119$38
45 years$1,123$661$373$204$108$34
46 years$1,087$631$350$188$98$30
47 years$1,051$602$329$174$89$26
48 years$1,018$575$309$160$81$23
49 years$986$549$291$148$74$20
50 years$955$524$273$137$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $978,000, adding $3,055 every year, while hoping to spend $46,443 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: 23/50/27 Blend
29$978,000$978,000$978,000$978,000
30$1,080,907$1,029,073$1,013,914$1,096,464
31$1,141,745$1,030,083$998,465$1,111,099
32$1,207,231$1,029,585$980,942$1,122,635
33$1,277,792$1,027,458$961,227$1,133,993
34$1,353,893$1,023,570$939,195$1,145,189
35$1,436,048$1,017,783$914,716$1,156,244
36$1,524,821$1,009,951$887,655$1,167,185
37$1,620,832$999,917$857,870$1,178,050
38$1,724,760$987,516$825,212$1,188,881
39$1,837,355$972,574$789,526$1,199,735
40$1,959,440$954,905$750,650$1,210,676
41$2,091,920$934,312$708,414$1,221,785
42$2,235,790$910,588$662,640$1,233,155
43$2,392,145$883,511$613,143$1,244,896
44$2,562,191$852,850$559,730$1,257,138
45$2,747,251$818,356$502,198$1,270,031
46$2,948,785$779,770$440,336$1,283,747
47$3,168,396$736,814$373,922$1,298,489
48$3,407,851$689,197$302,727$1,314,485
49$3,669,094$636,609$226,510$1,331,999
50$3,954,263$578,724$145,020$1,351,333
51$4,265,713$515,197$57,993$1,372,829
52$4,606,036$445,662$0$1,396,876
53$4,978,087$369,735$0$1,433,964
54$5,385,008$287,008$0$1,493,028
55$5,830,258$197,050$0$1,557,993
56$6,317,647$99,408$0$1,629,586
57$6,851,369$0$0$1,708,618
58$7,436,045$0$0$1,799,512
59$8,076,762$0$0$1,959,224
60$8,779,123$0$0$2,134,475
61$9,549,298$0$0$2,326,827
62$10,394,084$0$0$2,538,000
63$11,320,967$0$0$2,769,888
64$12,338,192$0$0$3,024,579
65$13,454,843$0$0$3,304,372
66$14,680,925$0$0$3,611,799
67$16,027,458$0$0$3,949,650
68$17,506,583$0$0$4,321,000
69$19,131,675$0$0$4,729,235
70$20,917,468$0$0$5,178,086
71$22,880,195$0$0$5,671,664
72$25,037,738$0$0$6,214,497
73$27,409,798$0$0$6,811,575
74$30,018,083$0$0$7,468,396
75$32,886,506$0$0$8,191,017
76$36,041,415$0$0$8,986,112
77$39,511,840$0$0$9,861,034
78$43,329,766$0$0$10,823,886
79$47,530,434$0$0$11,883,595
80$52,152,672$0$0$13,049,998
81$57,239,263$0$0$14,333,934
82$62,837,348$0$0$15,747,346
83$68,998,868$0$0$17,303,393
84$75,781,054$0$0$19,016,577
85$83,246,969$0$0$20,902,875
86$91,466,098$0$0$22,979,893
87$100,515,009$0$0$25,267,032
88$110,478,069$0$0$27,785,670
89$121,448,243$0$0$30,559,363
90$133,527,969$0$0$33,614,069
91$146,830,125$0$0$36,978,390
92$161,479,094$0$0$40,683,847
93$177,611,934$0$0$44,765,170
94$195,379,677$0$0$49,260,633
95$214,948,746$0$0$54,212,410
96$236,502,531$0$0$59,666,975
97$260,243,116$0$0$65,675,539
98$286,393,187$0$0$72,294,537
99$315,198,130$0$0$79,586,156
100$346,928,353$0$0$87,618,923