Can I retire at age 30 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$79,689$78,979$78,286$77,610$76,950$75,182
2 years$39,450$38,715$38,003$37,313$36,643$34,871
3 years$26,039$25,301$24,591$23,907$23,248$21,528
4 years$19,334$18,599$17,896$17,223$16,581$14,925
5 years$15,313$14,582$13,888$13,229$12,604$11,019
6 years$12,633$11,907$11,223$10,580$9,973$8,459
7 years$10,719$9,999$9,327$8,698$8,111$6,669
8 years$9,285$8,571$7,910$7,297$6,729$5,358
9 years$8,169$7,463$6,813$6,215$5,667$4,366
10 years$7,278$6,578$5,939$5,357$4,828$3,596
11 years$6,549$5,856$5,229$4,663$4,152$2,987
12 years$5,942$5,256$4,641$4,090$3,598$2,498
13 years$5,428$4,750$4,146$3,611$3,138$2,101
14 years$4,989$4,318$3,725$3,205$2,751$1,774
15 years$4,608$3,944$3,363$2,858$2,422$1,504
16 years$4,275$3,619$3,049$2,559$2,141$1,279
17 years$3,982$3,333$2,775$2,300$1,898$1,090
18 years$3,722$3,080$2,533$2,072$1,688$932
19 years$3,489$2,854$2,319$1,873$1,504$797
20 years$3,280$2,652$2,128$1,696$1,344$683
21 years$3,091$2,470$1,958$1,539$1,202$587
22 years$2,919$2,306$1,804$1,399$1,078$504
23 years$2,763$2,157$1,666$1,275$967$433
24 years$2,619$2,021$1,541$1,162$870$373
25 years$2,488$1,896$1,427$1,062$782$321
26 years$2,367$1,782$1,323$971$705$277
27 years$2,255$1,677$1,229$888$635$239
28 years$2,151$1,581$1,142$814$573$206
29 years$2,054$1,491$1,063$746$518$178
30 years$1,964$1,408$990$685$468$154
31 years$1,880$1,331$923$629$423$133
32 years$1,802$1,260$861$578$383$115
33 years$1,728$1,193$804$532$346$99
34 years$1,659$1,131$751$489$313$85
35 years$1,594$1,072$703$450$284$74
36 years$1,533$1,018$657$415$257$64
37 years$1,475$967$615$382$233$55
38 years$1,420$919$576$352$211$48
39 years$1,368$874$540$325$192$41
40 years$1,319$831$506$300$174$36
41 years$1,273$791$474$276$158$31
42 years$1,229$753$445$255$143$27
43 years$1,187$718$418$235$130$23
44 years$1,147$684$392$217$118$20
45 years$1,108$653$368$201$107$17
46 years$1,072$623$346$185$97$15
47 years$1,037$594$325$171$88$13
48 years$1,004$567$305$158$80$11
49 years$973$542$287$146$73$10
50 years$942$517$270$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $965,000, adding $3,444 every year, while hoping to spend $44,456 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: 38/45/17 Blend
29$965,000$965,000$965,000$965,000
30$1,066,982$1,015,837$1,000,880$1,101,949
31$1,128,514$1,018,313$987,109$1,129,847
32$1,194,831$1,019,419$971,386$1,155,477
33$1,266,377$1,019,043$953,600$1,182,237
34$1,343,634$1,017,063$933,632$1,210,252
35$1,427,136$1,013,351$911,361$1,239,663
36$1,517,469$1,007,770$886,656$1,270,628
37$1,615,276$1,000,176$859,384$1,303,324
38$1,721,264$990,415$829,404$1,337,952
39$1,836,212$978,324$796,568$1,374,735
40$1,960,976$963,731$760,722$1,413,921
41$2,096,495$946,454$721,706$1,455,792
42$2,243,805$926,298$679,351$1,500,658
43$2,404,046$903,059$633,482$1,548,871
44$2,578,469$876,519$583,914$1,600,819
45$2,768,453$846,450$530,456$1,656,939
46$2,975,516$812,606$472,907$1,717,714
47$3,201,327$774,732$411,057$1,783,687
48$3,447,723$732,554$344,688$1,855,460
49$3,716,727$685,786$273,571$1,933,704
50$4,010,565$634,122$197,468$2,019,166
51$4,331,689$577,240$116,130$2,112,677
52$4,682,797$514,801$29,296$2,215,161
53$5,066,861$446,444$0$2,327,644
54$5,487,151$371,790$0$2,462,763
55$5,947,270$290,437$0$2,616,707
56$6,451,184$201,962$0$2,785,619
57$7,003,263$105,916$0$2,971,116
58$7,608,317$1,826$0$3,174,988
59$8,271,643$0$0$3,399,219
60$8,999,078$0$0$3,700,872
61$9,797,049$0$0$4,032,901
62$10,672,635$0$0$4,397,366
63$11,633,634$0$0$4,797,529
64$12,688,636$0$0$5,236,985
65$13,847,100$0$0$5,719,693
66$15,119,452$0$0$6,250,017
67$16,517,171$0$0$6,832,762
68$18,052,908$0$0$7,473,222
69$19,740,595$0$0$8,177,230
70$21,595,585$0$0$8,951,211
71$23,634,789$0$0$9,802,245
72$25,876,841$0$0$10,738,132
73$28,342,268$0$0$11,767,466
74$31,053,687$0$0$12,899,714
75$34,036,016$0$0$14,145,308
76$37,316,712$0$0$15,515,742
77$40,926,022$0$0$17,023,680
78$44,897,277$0$0$18,683,076
79$49,267,198$0$0$20,509,304
80$54,076,250$0$0$22,519,305
81$59,369,014$0$0$24,731,744
82$65,194,616$0$0$27,167,190
83$71,607,182$0$0$29,848,304
84$78,666,356$0$0$32,800,060
85$86,437,856$0$0$36,049,972
86$94,994,096$0$0$39,628,360
87$104,414,869$0$0$43,568,635
88$114,788,099$0$0$47,907,611
89$126,210,670$0$0$52,685,854
90$138,789,341$0$0$57,948,065
91$152,641,750$0$0$63,743,501
92$167,897,524$0$0$70,126,442
93$184,699,507$0$0$77,156,697
94$203,205,100$0$0$84,900,175
95$223,587,749$0$0$93,429,502
96$246,038,585$0$0$102,824,711
97$270,768,219$0$0$113,173,991
98$298,008,738$0$0$124,574,524
99$328,015,888$0$0$137,133,400
100$361,071,490$0$0$150,968,628