Can I retire at age 30 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$79,771$79,061$78,368$77,691$77,030$76,513
2 years$39,491$38,755$38,043$37,351$36,681$36,159
3 years$26,066$25,327$24,616$23,931$23,272$22,762
4 years$19,354$18,618$17,914$17,241$16,598$16,103
5 years$15,329$14,597$13,902$13,243$12,617$12,140
6 years$12,646$11,919$11,235$10,590$9,984$9,524
7 years$10,730$10,010$9,336$8,707$8,119$7,678
8 years$9,294$8,580$7,918$7,304$6,736$6,312
9 years$8,178$7,471$6,820$6,221$5,673$5,267
10 years$7,285$6,585$5,946$5,363$4,833$4,445
11 years$6,555$5,862$5,234$4,667$4,157$3,786
12 years$5,948$5,262$4,645$4,094$3,602$3,248
13 years$5,434$4,755$4,150$3,614$3,141$2,804
14 years$4,994$4,322$3,729$3,208$2,754$2,433
15 years$4,613$3,948$3,367$2,861$2,424$2,119
16 years$4,280$3,623$3,053$2,562$2,143$1,853
17 years$3,986$3,336$2,778$2,302$1,900$1,625
18 years$3,725$3,083$2,536$2,075$1,689$1,429
19 years$3,493$2,857$2,321$1,874$1,506$1,260
20 years$3,283$2,655$2,130$1,698$1,345$1,112
21 years$3,094$2,473$1,960$1,541$1,204$984
22 years$2,922$2,308$1,806$1,401$1,079$871
23 years$2,766$2,159$1,668$1,276$968$773
24 years$2,622$2,023$1,542$1,164$870$686
25 years$2,490$1,898$1,428$1,063$783$610
26 years$2,369$1,784$1,325$972$706$543
27 years$2,257$1,679$1,230$889$636$483
28 years$2,153$1,582$1,144$815$574$431
29 years$2,056$1,493$1,064$747$518$384
30 years$1,966$1,410$991$686$468$343
31 years$1,882$1,333$924$630$423$306
32 years$1,804$1,261$862$579$383$273
33 years$1,730$1,194$805$532$347$244
34 years$1,661$1,132$752$490$314$218
35 years$1,596$1,073$703$451$284$195
36 years$1,534$1,019$658$415$258$174
37 years$1,476$968$616$383$233$156
38 years$1,422$920$577$353$212$139
39 years$1,370$874$540$325$192$125
40 years$1,321$832$506$300$174$111
41 years$1,274$792$475$277$158$100
42 years$1,230$754$445$255$143$89
43 years$1,188$719$418$236$130$80
44 years$1,148$685$392$218$118$72
45 years$1,110$653$368$201$107$64
46 years$1,073$623$346$186$97$57
47 years$1,038$595$325$172$88$51
48 years$1,005$568$305$159$80$46
49 years$974$542$287$146$73$41
50 years$943$518$270$135$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $966,000, adding $2,750 every year, while hoping to spend $25,365 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: 38/46/16 Blend
29$966,000$966,000$966,000$966,000
30$1,067,369$1,016,171$1,001,198$1,102,683
31$1,149,252$1,038,975$1,007,750$1,151,048
32$1,238,637$1,062,046$1,013,671$1,200,648
33$1,336,263$1,085,371$1,018,914$1,253,710
34$1,442,942$1,108,935$1,023,428$1,310,560
35$1,559,570$1,132,720$1,027,160$1,371,556
36$1,687,131$1,156,708$1,030,054$1,437,091
37$1,826,710$1,180,879$1,032,053$1,507,602
38$1,979,503$1,205,210$1,033,095$1,583,566
39$2,146,824$1,229,677$1,033,116$1,665,514
40$2,330,122$1,254,254$1,032,047$1,754,027
41$2,530,993$1,278,911$1,029,820$1,849,748
42$2,751,194$1,303,616$1,026,358$1,953,386
43$2,992,659$1,328,337$1,021,584$2,065,721
44$3,257,520$1,353,036$1,015,417$2,187,615
45$3,548,125$1,377,672$1,007,772$2,320,017
46$3,867,059$1,402,204$998,557$2,463,975
47$4,217,171$1,426,583$987,681$2,620,644
48$4,601,598$1,450,761$975,043$2,791,297
49$5,023,796$1,474,684$960,542$2,977,338
50$5,487,573$1,498,292$944,070$3,180,316
51$5,997,122$1,521,526$925,513$3,401,940
52$6,557,064$1,544,316$904,754$3,644,091
53$7,172,490$1,566,593$881,668$3,908,848
54$7,849,008$1,588,280$856,128$4,198,500
55$8,592,795$1,609,294$827,997$4,515,573
56$9,410,660$1,629,549$797,134$4,862,851
57$10,310,100$1,648,950$763,391$5,243,406
58$11,299,379$1,667,398$726,614$5,660,623
59$12,387,601$1,684,785$686,640$6,118,238
60$13,584,796$1,700,999$643,302$6,620,368
61$14,902,014$1,715,917$596,422$7,171,552
62$16,351,434$1,729,411$545,816$7,776,798
63$17,946,470$1,741,343$491,291$8,441,625
64$19,701,907$1,751,565$432,646$9,172,120
65$21,634,033$1,759,923$369,671$9,974,994
66$23,760,795$1,766,250$302,146$10,857,646
67$26,101,970$1,770,370$229,842$11,828,236
68$28,679,348$1,772,095$152,519$12,895,759
69$31,516,940$1,771,227$69,927$14,070,131
70$34,641,205$1,767,554$0$15,362,288
71$38,081,295$1,760,851$0$16,787,394
72$41,869,334$1,750,880$0$18,368,572
73$46,040,722$1,737,389$0$20,108,573
74$50,634,464$1,720,109$0$22,023,601
75$55,693,541$1,698,757$0$24,131,519
76$61,265,317$1,673,030$0$26,452,013
77$67,401,981$1,642,611$0$29,006,785
78$74,161,045$1,607,160$0$31,819,755
79$81,605,881$1,566,321$0$34,917,288
80$89,806,323$1,519,713$0$38,328,443
81$98,839,325$1,466,936$0$42,085,252
82$108,789,685$1,407,564$0$46,223,020
83$119,750,847$1,341,149$0$50,780,660
84$131,825,783$1,267,214$0$55,801,063
85$145,127,963$1,185,258$0$61,331,503
86$159,782,428$1,094,749$0$67,424,084
87$175,926,968$995,124$0$74,136,237
88$193,713,423$885,790$0$81,531,258
89$213,309,117$766,118$0$89,678,913
90$234,898,434$635,445$0$98,656,093
91$258,684,563$493,071$0$108,547,549
92$284,891,412$338,255$0$119,446,684
93$313,765,722$170,215$0$131,456,448
94$345,579,396$0$0$144,690,302
95$380,632,066$0$0$159,279,312
96$419,253,920$0$0$175,449,003
97$461,808,822$0$0$193,265,584
98$508,697,740$0$0$212,896,961
99$560,362,537$0$0$234,528,164
100$617,290,139$0$0$258,363,095