Can I retire at age 30 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$79,606$78,897$78,205$77,530$76,871$76,290
2 years$39,409$38,675$37,964$37,274$36,605$36,020
3 years$26,012$25,275$24,565$23,882$23,224$22,652
4 years$19,314$18,579$17,877$17,206$16,563$16,009
5 years$15,297$14,567$13,873$13,215$12,591$12,057
6 years$12,620$11,895$11,212$10,569$9,963$9,449
7 years$10,708$9,989$9,317$8,689$8,103$7,608
8 years$9,275$8,563$7,902$7,289$6,722$6,248
9 years$8,161$7,455$6,806$6,209$5,661$5,207
10 years$7,270$6,571$5,933$5,352$4,823$4,390
11 years$6,542$5,850$5,224$4,658$4,148$3,734
12 years$5,935$5,251$4,636$4,085$3,595$3,200
13 years$5,423$4,745$4,142$3,607$3,135$2,759
14 years$4,984$4,313$3,721$3,202$2,748$2,390
15 years$4,603$3,940$3,360$2,855$2,419$2,080
16 years$4,271$3,615$3,046$2,557$2,138$1,816
17 years$3,978$3,329$2,772$2,297$1,896$1,590
18 years$3,718$3,076$2,530$2,070$1,686$1,396
19 years$3,485$2,851$2,317$1,871$1,503$1,229
20 years$3,276$2,650$2,126$1,694$1,342$1,084
21 years$3,088$2,468$1,955$1,538$1,201$957
22 years$2,916$2,304$1,802$1,398$1,077$847
23 years$2,760$2,155$1,664$1,273$966$750
24 years$2,617$2,019$1,539$1,161$869$665
25 years$2,485$1,894$1,425$1,061$782$590
26 years$2,364$1,781$1,322$970$704$524
27 years$2,252$1,676$1,228$888$635$466
28 years$2,149$1,579$1,141$813$573$415
29 years$2,052$1,490$1,062$746$517$369
30 years$1,962$1,407$989$684$467$329
31 years$1,878$1,330$922$629$422$293
32 years$1,800$1,258$860$578$382$261
33 years$1,726$1,192$803$531$346$233
34 years$1,657$1,129$751$489$313$208
35 years$1,592$1,071$702$450$284$185
36 years$1,531$1,017$657$414$257$165
37 years$1,473$966$614$382$233$148
38 years$1,419$918$575$352$211$132
39 years$1,367$873$539$324$191$118
40 years$1,318$830$505$299$174$105
41 years$1,271$790$474$276$158$94
42 years$1,227$753$444$255$143$84
43 years$1,185$717$417$235$130$75
44 years$1,145$684$392$217$118$67
45 years$1,107$652$368$201$107$60
46 years$1,071$622$345$185$97$54
47 years$1,036$593$324$171$88$48
48 years$1,003$567$305$158$80$43
49 years$972$541$287$146$73$38
50 years$941$517$269$135$66$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $964,000, adding $2,019 every year, while hoping to spend $26,825 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: 74/21/5 Blend
29$964,000$964,000$964,000$964,000
30$1,064,411$1,013,319$998,377$1,142,639
31$1,144,439$1,034,430$1,003,281$1,215,482
32$1,231,731$1,055,676$1,007,450$1,291,641
33$1,327,000$1,077,036$1,010,831$1,374,292
34$1,431,029$1,098,486$1,013,370$1,464,066
35$1,544,682$1,120,001$1,015,006$1,561,659
36$1,668,911$1,141,552$1,015,680$1,667,836
37$1,804,761$1,163,109$1,015,326$1,783,441
38$1,953,384$1,184,639$1,013,877$1,909,403
39$2,116,051$1,206,107$1,011,263$2,046,746
40$2,294,157$1,227,475$1,007,409$2,196,597
41$2,489,241$1,248,702$1,002,238$2,360,196
42$2,702,997$1,269,742$995,667$2,538,914
43$2,937,293$1,290,549$987,611$2,734,255
44$3,194,182$1,311,072$977,982$2,947,880
45$3,475,928$1,331,254$966,684$3,181,618
46$3,785,025$1,351,037$953,619$3,437,484
47$4,124,217$1,370,358$938,686$3,717,699
48$4,496,531$1,389,149$921,775$4,024,708
49$4,905,297$1,407,337$902,775$4,361,207
50$5,354,187$1,424,846$881,567$4,730,166
51$5,847,242$1,441,592$858,028$5,134,857
52$6,388,917$1,457,486$832,028$5,578,886
53$6,984,119$1,472,435$803,433$6,066,228
54$7,638,253$1,486,338$772,102$6,601,259
55$8,357,273$1,499,087$737,886$7,188,807
56$9,147,741$1,510,569$700,631$7,834,187
57$10,016,885$1,520,660$660,176$8,543,260
58$10,972,667$1,529,233$616,352$9,322,481
59$12,023,862$1,536,149$568,983$10,178,967
60$13,180,137$1,541,260$517,885$11,120,559
61$14,452,141$1,544,413$462,864$12,155,898
62$15,851,610$1,545,440$403,721$13,294,506
63$17,391,474$1,544,166$340,246$14,546,879
64$19,085,979$1,540,404$272,218$15,924,582
65$20,950,820$1,533,956$199,409$17,440,359
66$23,003,295$1,524,611$121,581$19,108,256
67$25,262,461$1,512,146$38,483$20,943,753
68$27,749,315$1,496,325$0$22,963,909
69$30,486,996$1,476,896$0$25,190,199
70$33,501,000$1,453,593$0$27,643,029
71$36,819,417$1,426,135$0$30,343,192
72$40,473,205$1,394,223$0$33,315,864
73$44,496,473$1,357,541$0$36,588,792
74$48,926,806$1,315,754$0$40,192,554
75$53,805,622$1,268,507$0$44,160,845
76$59,178,558$1,215,427$0$48,530,799
77$65,095,904$1,156,115$0$53,343,340
78$71,613,074$1,090,153$0$58,643,566
79$78,791,134$1,017,096$0$64,481,174
80$86,697,372$936,476$0$70,910,935
81$95,405,936$847,796$0$77,993,207
82$104,998,535$750,532$0$85,794,505
83$115,565,207$644,129$0$94,388,132
84$127,205,170$528,003$0$103,854,868
85$140,027,756$401,534$0$114,283,738
86$154,153,447$264,069$0$125,772,846
87$169,715,010$114,919$0$138,430,309
88$186,858,745$0$0$152,375,275
89$205,745,875$0$0$167,749,823
90$226,554,060$0$0$184,717,479
91$249,479,075$0$0$203,411,337
92$274,736,662$0$0$224,007,328
93$302,564,561$0$0$246,699,323
94$333,224,756$0$0$271,700,963
95$367,005,946$0$0$299,247,678
96$404,226,274$0$0$329,598,903
97$445,236,326$0$0$363,040,535
98$490,422,441$0$0$399,887,623
99$540,210,357$0$0$440,487,348
100$595,069,234$0$0$485,222,298