Can I retire at age 30 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$79,358$78,652$77,962$77,289$76,631$75,207
2 years$39,286$38,555$37,846$37,158$36,491$35,062
3 years$25,931$25,196$24,489$23,808$23,152$21,761
4 years$19,254$18,522$17,821$17,152$16,512$15,171
5 years$15,249$14,521$13,830$13,174$12,552$11,265
6 years$12,580$11,858$11,177$10,536$9,932$8,701
7 years$10,675$9,958$9,288$8,662$8,077$6,901
8 years$9,246$8,536$7,877$7,266$6,701$5,580
9 years$8,135$7,432$6,784$6,189$5,643$4,577
10 years$7,248$6,551$5,915$5,335$4,808$3,796
11 years$6,522$5,832$5,207$4,643$4,135$3,175
12 years$5,917$5,234$4,621$4,073$3,584$2,674
13 years$5,406$4,730$4,129$3,596$3,125$2,265
14 years$4,968$4,300$3,710$3,192$2,739$1,928
15 years$4,589$3,928$3,349$2,847$2,412$1,647
16 years$4,258$3,604$3,037$2,549$2,132$1,411
17 years$3,966$3,319$2,763$2,290$1,890$1,213
18 years$3,706$3,067$2,523$2,064$1,681$1,044
19 years$3,474$2,842$2,309$1,865$1,498$901
20 years$3,266$2,641$2,119$1,689$1,338$779
21 years$3,078$2,460$1,949$1,533$1,197$674
22 years$2,907$2,297$1,797$1,394$1,073$584
23 years$2,751$2,148$1,659$1,269$963$507
24 years$2,609$2,012$1,534$1,158$866$440
25 years$2,478$1,889$1,421$1,057$779$382
26 years$2,357$1,775$1,318$967$702$332
27 years$2,245$1,670$1,224$885$633$289
28 years$2,142$1,574$1,138$811$571$252
29 years$2,046$1,485$1,059$743$516$219
30 years$1,956$1,402$986$682$466$191
31 years$1,873$1,326$919$627$421$166
32 years$1,794$1,254$858$576$381$145
33 years$1,721$1,188$801$530$345$126
34 years$1,652$1,126$748$487$312$110
35 years$1,587$1,068$700$449$283$96
36 years$1,526$1,014$654$413$256$84
37 years$1,469$963$613$381$232$73
38 years$1,414$915$574$351$211$64
39 years$1,363$870$537$323$191$56
40 years$1,314$828$504$298$173$49
41 years$1,268$788$472$275$157$42
42 years$1,223$750$443$254$143$37
43 years$1,182$715$416$235$129$32
44 years$1,142$681$390$217$117$28
45 years$1,104$650$366$200$107$25
46 years$1,068$620$344$185$97$22
47 years$1,033$592$323$171$88$19
48 years$1,000$565$304$158$80$16
49 years$968$539$286$146$72$14
50 years$938$515$269$135$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $961,000, adding $5,465 every year, while hoping to spend $43,595 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: 32/49/19 Blend
29$961,000$961,000$961,000$961,000
30$1,064,659$1,013,726$998,831$1,092,287
31$1,126,870$1,017,014$985,907$1,116,655
32$1,193,964$1,019,002$971,089$1,138,520
33$1,266,396$1,019,580$954,267$1,161,151
34$1,344,661$1,018,632$935,328$1,184,642
35$1,429,305$1,016,033$914,150$1,209,097
36$1,520,929$1,011,654$890,608$1,234,638
37$1,620,192$1,005,353$864,572$1,261,399
38$1,727,820$996,984$835,904$1,289,532
39$1,844,611$986,389$804,460$1,319,211
40$1,971,441$973,403$770,090$1,350,631
41$2,109,277$957,849$732,637$1,384,009
42$2,259,180$939,540$691,937$1,419,594
43$2,422,318$918,279$647,818$1,457,660
44$2,599,976$893,856$600,102$1,498,520
45$2,793,568$866,050$548,600$1,542,520
46$3,004,652$834,625$493,117$1,590,051
47$3,234,939$799,335$433,449$1,641,550
48$3,486,315$759,915$369,383$1,697,504
49$3,760,857$716,088$300,694$1,758,459
50$4,060,848$667,560$227,151$1,825,024
51$4,388,804$614,020$148,511$1,897,878
52$4,747,495$555,140$64,519$1,977,780
53$5,139,970$490,573$0$2,065,575
54$5,569,587$419,951$0$2,167,295
55$6,040,043$342,886$0$2,293,187
56$6,555,409$258,970$0$2,431,382
57$7,120,171$167,769$0$2,583,238
58$7,739,265$68,827$0$2,750,262
59$8,418,132$0$0$2,934,123
60$9,162,761$0$0$3,157,344
61$9,979,750$0$0$3,443,122
62$10,876,368$0$0$3,756,907
63$11,860,619$0$0$4,101,519
64$12,941,322$0$0$4,480,066
65$14,128,190$0$0$4,895,972
66$15,431,926$0$0$5,353,006
67$16,864,315$0$0$5,855,323
68$18,438,346$0$0$6,407,500
69$20,168,326$0$0$7,014,580
70$22,070,014$0$0$7,682,118
71$24,160,778$0$0$8,416,235
72$26,459,748$0$0$9,223,673
73$28,988,001$0$0$10,111,863
74$31,768,761$0$0$11,088,990
75$34,827,614$0$0$12,164,075
76$38,192,751$0$0$13,347,055
77$41,895,233$0$0$14,648,879
78$45,969,283$0$0$16,081,612
79$50,452,609$0$0$17,658,549
80$55,386,759$0$0$19,394,336
81$60,817,515$0$0$21,305,115
82$66,795,319$0$0$23,408,668
83$73,375,752$0$0$25,724,592
84$80,620,061$0$0$28,274,480
85$88,595,728$0$0$31,082,125
86$97,377,115$0$0$34,173,744
87$107,046,158$0$0$37,578,228
88$117,693,147$0$0$41,327,411
89$129,417,568$0$0$45,456,370
90$142,329,053$0$0$50,003,760
91$156,548,401$0$0$55,012,176
92$172,208,730$0$0$60,528,553
93$189,456,722$0$0$66,604,612
94$208,454,015$0$0$73,297,347
95$229,378,721$0$0$80,669,562
96$252,427,114$0$0$88,790,462
97$277,815,472$0$0$97,736,312
98$305,782,129$0$0$107,591,149
99$336,589,713$0$0$118,447,580
100$370,527,631$0$0$130,407,654