Can I retire at age 30 with 978,000?

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 $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%18.5%
1 years$80,762$80,043$79,341$78,656$77,987$75,310
2 years$39,981$39,237$38,515$37,815$37,137$34,467
3 years$26,389$25,642$24,922$24,229$23,561$20,982
4 years$19,595$18,849$18,137$17,455$16,804$14,336
5 years$15,519$14,778$14,075$13,407$12,774$10,423
6 years$12,803$12,067$11,375$10,722$10,108$7,876
7 years$10,863$10,134$9,452$8,815$8,220$6,108
8 years$9,410$8,687$8,016$7,395$6,820$4,824
9 years$8,279$7,563$6,904$6,299$5,743$3,862
10 years$7,376$6,667$6,019$5,430$4,893$3,124
11 years$6,637$5,935$5,299$4,725$4,208$2,547
12 years$6,022$5,327$4,703$4,145$3,647$2,090
13 years$5,501$4,814$4,202$3,659$3,180$1,723
14 years$5,056$4,376$3,775$3,248$2,788$1,427
15 years$4,670$3,997$3,409$2,897$2,455$1,185
16 years$4,333$3,668$3,091$2,594$2,169$987
17 years$4,036$3,378$2,812$2,331$1,923$824
18 years$3,772$3,121$2,567$2,100$1,710$689
19 years$3,536$2,893$2,350$1,898$1,524$577
20 years$3,324$2,688$2,157$1,719$1,362$484
21 years$3,132$2,504$1,984$1,560$1,219$406
22 years$2,958$2,337$1,828$1,418$1,092$341
23 years$2,800$2,186$1,688$1,292$980$287
24 years$2,655$2,048$1,561$1,178$881$241
25 years$2,521$1,922$1,446$1,076$793$203
26 years$2,399$1,806$1,341$984$714$171
27 years$2,285$1,700$1,245$900$644$144
28 years$2,180$1,602$1,158$825$581$121
29 years$2,082$1,511$1,077$757$525$102
30 years$1,991$1,427$1,004$694$474$86
31 years$1,906$1,349$936$638$429$73
32 years$1,826$1,277$873$586$388$61
33 years$1,751$1,209$815$539$351$52
34 years$1,681$1,146$762$496$318$44
35 years$1,615$1,087$712$456$288$37
36 years$1,553$1,032$666$420$261$31
37 years$1,495$980$623$387$236$26
38 years$1,439$931$584$357$214$22
39 years$1,387$885$547$329$194$19
40 years$1,337$842$513$304$176$16
41 years$1,290$802$481$280$160$13
42 years$1,245$764$451$259$145$11
43 years$1,203$728$423$239$132$9
44 years$1,162$694$397$220$119$8
45 years$1,123$661$373$204$108$7
46 years$1,087$631$350$188$98$6
47 years$1,051$602$329$174$89$5
48 years$1,018$575$309$160$81$4
49 years$986$549$291$148$74$3
50 years$955$524$273$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $978,000, adding $6,365 every year, while hoping to spend $25,317 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: 71/19/10 Blend
29$978,000$978,000$978,000$978,000
30$1,084,321$1,032,487$1,017,328$1,158,762
31$1,167,985$1,056,142$1,024,472$1,232,526
32$1,259,334$1,080,108$1,031,006$1,309,523
33$1,359,125$1,104,372$1,036,884$1,393,120
34$1,468,192$1,128,923$1,042,056$1,483,960
35$1,587,453$1,153,745$1,046,470$1,582,755
36$1,717,918$1,178,823$1,050,071$1,690,286
37$1,860,699$1,204,139$1,052,802$1,807,413
38$2,017,022$1,229,673$1,054,603$1,935,085
39$2,188,235$1,255,405$1,055,409$2,074,348
40$2,375,825$1,281,309$1,055,155$2,226,351
41$2,581,428$1,307,361$1,053,771$2,392,363
42$2,806,844$1,333,533$1,051,183$2,573,781
43$3,054,060$1,359,794$1,047,316$2,772,143
44$3,325,261$1,386,110$1,042,087$2,989,146
45$3,622,854$1,412,446$1,035,414$3,226,656
46$3,949,492$1,438,763$1,027,207$3,486,732
47$4,308,095$1,465,018$1,017,374$3,771,643
48$4,701,883$1,491,166$1,005,818$4,083,886
49$5,134,399$1,517,157$992,437$4,426,215
50$5,609,550$1,542,939$977,125$4,801,664
51$6,131,635$1,568,455$959,770$5,213,577
52$6,705,396$1,593,643$940,257$5,665,636
53$7,336,053$1,618,438$918,462$6,161,903
54$8,029,358$1,642,770$894,258$6,706,850
55$8,791,649$1,666,562$867,512$7,305,406
56$9,629,907$1,689,733$838,084$7,963,005
57$10,551,826$1,712,198$805,827$8,685,633
58$11,565,879$1,733,862$770,589$9,479,886
59$12,681,405$1,754,629$732,211$10,353,036
60$13,908,693$1,774,390$690,524$11,313,093
61$15,259,079$1,793,034$645,356$12,368,887
62$16,745,052$1,810,440$596,523$13,530,147
63$18,380,376$1,826,480$543,834$14,807,598
64$20,180,213$1,841,016$487,092$16,213,054
65$22,161,273$1,853,904$426,087$17,759,539
66$24,341,965$1,864,987$360,603$19,461,405
67$26,742,575$1,874,101$290,413$21,334,466
68$29,385,455$1,881,070$215,280$23,396,153
69$32,295,237$1,885,708$134,957$25,665,675
70$35,499,059$1,887,815$49,186$28,164,199
71$39,026,826$1,887,182$0$30,915,056
72$42,911,492$1,883,583$0$33,948,471
73$47,189,368$1,876,782$0$37,294,156
74$51,900,465$1,866,527$0$40,978,112
75$57,088,875$1,852,549$0$45,034,783
76$62,803,181$1,834,564$0$49,502,125
77$69,096,920$1,812,273$0$54,421,967
78$76,029,087$1,785,355$0$59,840,403
79$83,664,690$1,753,473$0$65,808,230
80$92,075,364$1,716,269$0$72,381,426
81$101,340,048$1,673,364$0$79,621,679
82$111,545,730$1,624,356$0$87,596,967
83$122,788,265$1,568,820$0$96,382,207
84$135,173,282$1,506,305$0$106,059,954
85$148,817,180$1,436,337$0$116,721,187
86$163,848,226$1,358,412$0$128,466,165
87$180,407,768$1,271,997$0$141,405,372
88$198,651,564$1,176,528$0$155,660,567
89$218,751,256$1,071,411$0$171,365,927
90$240,895,990$956,016$0$188,669,317
91$265,294,198$829,678$0$207,733,686
92$292,175,569$691,694$0$228,738,606
93$321,793,212$541,322$0$251,881,969
94$354,426,050$377,778$0$277,381,852
95$390,381,450$200,232$0$305,478,580
96$429,998,126$7,811$0$336,436,995
97$473,649,332$0$0$370,548,955
98$521,746,390$0$0$408,177,993
99$574,742,570$0$0$449,641,789
100$633,137,369$0$0$495,329,526