Can I retire at age 30 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$79,441$78,733$78,043$77,369$76,711$73,726
2 years$39,327$38,595$37,885$37,197$36,529$33,558
3 years$25,958$25,222$24,514$23,832$23,176$20,311
4 years$19,274$18,541$17,840$17,170$16,529$13,794
5 years$15,265$14,536$13,845$13,188$12,565$9,966
6 years$12,593$11,870$11,188$10,547$9,942$7,481
7 years$10,686$9,968$9,298$8,671$8,086$5,761
8 years$9,256$8,545$7,885$7,274$6,708$4,518
9 years$8,144$7,440$6,791$6,196$5,649$3,591
10 years$7,255$6,558$5,921$5,341$4,813$2,883
11 years$6,528$5,838$5,213$4,648$4,140$2,332
12 years$5,923$5,240$4,626$4,077$3,587$1,898
13 years$5,411$4,735$4,133$3,599$3,128$1,552
14 years$4,973$4,304$3,714$3,195$2,742$1,274
15 years$4,594$3,932$3,353$2,849$2,414$1,049
16 years$4,262$3,608$3,040$2,551$2,134$866
17 years$3,970$3,322$2,766$2,292$1,892$717
18 years$3,710$3,070$2,525$2,066$1,682$594
19 years$3,478$2,845$2,312$1,867$1,499$493
20 years$3,270$2,644$2,122$1,691$1,339$410
21 years$3,081$2,463$1,951$1,534$1,199$341
22 years$2,910$2,299$1,799$1,395$1,074$283
23 years$2,754$2,150$1,661$1,271$964$236
24 years$2,611$2,015$1,536$1,159$867$197
25 years$2,480$1,891$1,422$1,058$780$164
26 years$2,359$1,777$1,319$968$703$137
27 years$2,248$1,672$1,225$886$633$114
28 years$2,144$1,576$1,139$812$572$95
29 years$2,048$1,486$1,060$744$516$79
30 years$1,958$1,404$987$683$466$66
31 years$1,875$1,327$920$627$422$55
32 years$1,796$1,256$859$576$381$46
33 years$1,723$1,189$802$530$345$39
34 years$1,654$1,127$749$488$312$32
35 years$1,589$1,069$700$449$283$27
36 years$1,528$1,015$655$414$256$22
37 years$1,470$964$613$381$232$19
38 years$1,416$916$574$351$211$16
39 years$1,364$871$538$324$191$13
40 years$1,315$829$504$299$173$11
41 years$1,269$789$473$276$157$9
42 years$1,225$751$444$254$143$8
43 years$1,183$716$416$235$129$6
44 years$1,143$682$391$217$118$5
45 years$1,105$651$367$200$107$4
46 years$1,069$621$345$185$97$4
47 years$1,034$592$324$171$88$3
48 years$1,001$565$304$158$80$3
49 years$969$540$286$146$73$2
50 years$939$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $962,000, adding $4,795 every year, while hoping to spend $59,311 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: 46/25/29 Blend
29$962,000$962,000$962,000$962,000
30$1,065,070$1,014,084$999,173$1,104,975
31$1,110,601$1,000,668$969,539$1,120,343
32$1,158,788$984,606$936,924$1,130,920
33$1,209,839$965,707$901,166$1,141,267
34$1,263,983$943,767$862,096$1,151,395
35$1,321,468$918,570$819,534$1,161,321
36$1,382,566$889,888$773,297$1,171,068
37$1,447,574$857,479$723,189$1,180,665
38$1,516,819$821,088$669,008$1,190,149
39$1,590,657$780,444$610,542$1,199,567
40$1,669,479$735,261$547,571$1,208,976
41$1,753,713$685,235$479,861$1,218,444
42$1,843,828$630,048$407,173$1,228,054
43$1,940,339$569,361$329,253$1,237,901
44$2,043,809$502,816$245,840$1,248,099
45$2,154,859$430,035$156,656$1,258,781
46$2,274,167$350,619$61,417$1,270,100
47$2,402,479$264,146$0$1,282,235
48$2,540,614$170,172$0$1,307,836
49$2,689,471$68,224$0$1,355,781
50$2,850,037$0$0$1,407,417
51$3,023,398$0$0$1,474,761
52$3,210,745$0$0$1,567,908
53$3,413,388$0$0$1,668,752
54$3,632,768$0$0$1,778,022
55$3,870,469$0$0$1,896,516
56$4,128,230$0$0$2,025,117
57$4,407,967$0$0$2,164,793
58$4,711,784$0$0$2,316,609
59$5,041,999$0$0$2,481,737
60$5,401,158$0$0$2,661,466
61$5,792,065$0$0$2,857,215
62$6,217,803$0$0$3,070,545
63$6,681,769$0$0$3,303,175
64$7,187,695$0$0$3,556,995
65$7,739,695$0$0$3,834,087
66$8,342,292$0$0$4,136,742
67$9,000,468$0$0$4,467,482
68$9,719,707$0$0$4,829,086
69$10,506,046$0$0$5,224,609
70$11,366,132$0$0$5,657,418
71$12,307,284$0$0$6,131,221
72$13,337,559$0$0$6,650,100
73$14,465,834$0$0$7,218,549
74$15,701,879$0$0$7,841,519
75$17,056,458$0$0$8,524,462
76$18,541,422$0$0$9,273,384
77$20,169,827$0$0$10,094,898
78$21,956,051$0$0$10,996,288
79$23,915,930$0$0$11,985,579
80$26,066,907$0$0$13,071,609
81$28,428,199$0$0$14,264,115
82$31,020,970$0$0$15,573,821
83$33,868,536$0$0$17,012,542
84$36,996,581$0$0$18,593,294
85$40,433,401$0$0$20,330,415
86$44,210,167$0$0$22,239,702
87$48,361,218$0$0$24,338,556
88$52,924,388$0$0$26,646,151
89$57,941,356$0$0$29,183,611
90$63,458,043$0$0$31,974,207
91$69,525,042$0$0$35,043,581
92$76,198,095$0$0$38,419,984
93$83,538,616$0$0$42,134,541
94$91,614,273$0$0$46,221,548
95$100,499,620$0$0$50,718,792
96$110,276,805$0$0$55,667,908
97$121,036,338$0$0$61,114,772
98$132,877,950$0$0$67,109,931
99$145,911,527$0$0$73,709,082
100$160,258,149$0$0$80,973,596