Can I retire at age 30 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$79,937$79,225$78,530$77,852$77,190$76,130
2 years$39,573$38,836$38,121$37,429$36,757$35,692
3 years$26,120$25,379$24,667$23,981$23,320$22,282
4 years$19,395$18,657$17,951$17,277$16,632$15,629
5 years$15,360$14,627$13,931$13,270$12,643$11,678
6 years$12,672$11,944$11,258$10,612$10,004$9,078
7 years$10,752$10,031$9,356$8,725$8,136$7,250
8 years$9,313$8,598$7,934$7,319$6,750$5,903
9 years$8,195$7,486$6,834$6,234$5,684$4,876
10 years$7,300$6,599$5,958$5,374$4,843$4,073
11 years$6,569$5,874$5,245$4,677$4,165$3,433
12 years$5,960$5,273$4,655$4,102$3,610$2,914
13 years$5,445$4,765$4,159$3,622$3,148$2,488
14 years$5,004$4,331$3,737$3,215$2,759$2,134
15 years$4,622$3,957$3,374$2,867$2,429$1,838
16 years$4,289$3,630$3,059$2,567$2,147$1,589
17 years$3,994$3,343$2,783$2,307$1,904$1,377
18 years$3,733$3,089$2,541$2,079$1,693$1,196
19 years$3,500$2,863$2,326$1,878$1,509$1,041
20 years$3,290$2,660$2,135$1,701$1,348$908
21 years$3,100$2,478$1,964$1,544$1,206$793
22 years$2,928$2,313$1,810$1,404$1,081$694
23 years$2,771$2,164$1,671$1,278$970$607
24 years$2,628$2,027$1,545$1,166$872$532
25 years$2,496$1,902$1,431$1,065$785$467
26 years$2,374$1,788$1,327$974$707$410
27 years$2,262$1,683$1,233$891$637$360
28 years$2,157$1,586$1,146$817$575$316
29 years$2,061$1,496$1,066$749$519$278
30 years$1,970$1,413$993$687$469$245
31 years$1,886$1,335$926$631$424$215
32 years$1,807$1,264$864$580$384$190
33 years$1,734$1,197$807$533$347$167
34 years$1,664$1,134$754$491$314$147
35 years$1,599$1,076$705$452$285$130
36 years$1,537$1,021$659$416$258$114
37 years$1,479$970$617$383$234$101
38 years$1,425$922$578$353$212$89
39 years$1,373$876$541$326$192$78
40 years$1,323$834$507$301$174$69
41 years$1,277$794$476$277$158$61
42 years$1,232$756$446$256$144$54
43 years$1,190$720$419$236$130$47
44 years$1,150$686$393$218$118$42
45 years$1,112$655$369$201$107$37
46 years$1,075$624$347$186$97$33
47 years$1,041$596$326$172$89$29
48 years$1,007$569$306$159$80$25
49 years$976$543$288$147$73$22
50 years$945$519$270$136$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $968,000, adding $5,581 every year, while hoping to spend $41,716 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: 48/42/10 Blend
29$968,000$968,000$968,000$968,000
30$1,072,493$1,021,189$1,006,185$1,120,791
31$1,137,502$1,026,842$995,506$1,160,220
32$1,207,743$1,031,373$983,072$1,198,188
33$1,283,707$1,034,685$968,779$1,238,457
34$1,365,932$1,036,671$952,520$1,281,253
35$1,455,009$1,037,220$934,182$1,326,830
36$1,551,589$1,036,213$913,646$1,375,466
37$1,656,388$1,033,524$890,790$1,427,473
38$1,770,192$1,029,019$865,484$1,483,193
39$1,893,867$1,022,556$837,593$1,543,009
40$2,028,365$1,013,985$806,976$1,607,343
41$2,174,733$1,003,145$773,484$1,676,664
42$2,334,124$989,868$736,965$1,751,490
43$2,507,807$973,974$697,255$1,832,398
44$2,697,177$955,272$654,187$1,920,025
45$2,903,770$933,561$607,583$2,015,075
46$3,129,277$908,629$557,260$2,118,331
47$3,375,560$880,248$503,025$2,230,657
48$3,644,667$848,180$444,676$2,353,013
49$3,938,855$812,172$382,004$2,486,457
50$4,260,605$771,956$314,789$2,632,164
51$4,612,655$727,249$242,801$2,791,431
52$4,998,013$677,752$165,803$2,965,694
53$5,419,996$623,148$83,543$3,156,543
54$5,882,255$563,102$0$3,365,734
55$6,388,812$497,260$0$3,595,663
56$6,944,094$425,250$0$3,857,569
57$7,552,979$346,674$0$4,144,934
58$8,220,839$261,117$0$4,460,415
59$8,953,590$168,138$0$4,806,947
60$9,757,751$67,271$0$5,187,774
61$10,640,498$0$0$5,606,476
62$11,609,741$0$0$6,086,407
63$12,674,190$0$0$6,647,735
64$13,843,441$0$0$7,264,445
65$15,128,064$0$0$7,942,127
66$16,539,706$0$0$8,686,938
67$18,091,195$0$0$9,505,664
68$19,796,666$0$0$10,405,779
69$21,671,691$0$0$11,395,517
70$23,733,424$0$0$12,483,951
71$26,000,768$0$0$13,681,078
72$28,494,547$0$0$14,997,910
73$31,237,705$0$0$16,446,582
74$34,255,521$0$0$18,040,464
75$37,575,849$0$0$19,794,285
76$41,229,378$0$0$21,724,278
77$45,249,922$0$0$23,848,326
78$49,674,739$0$0$26,186,134
79$54,544,880$0$0$28,759,415
80$59,905,581$0$0$31,592,093
81$65,806,682$0$0$34,710,529
82$72,303,104$0$0$38,143,771
83$79,455,361$0$0$41,923,826
84$87,330,135$0$0$46,085,963
85$96,000,900$0$0$50,669,043
86$105,548,622$0$0$55,715,891
87$116,062,513$0$0$61,273,692
88$127,640,881$0$0$67,394,446
89$140,392,052$0$0$74,135,447
90$154,435,394$0$0$81,559,834
91$169,902,443$0$0$89,737,180
92$186,938,142$0$0$98,744,149
93$205,702,210$0$0$108,665,223
94$226,370,649$0$0$119,593,495
95$249,137,404$0$0$131,631,551
96$274,216,191$0$0$144,892,433
97$301,842,518$0$0$159,500,711
98$332,275,904$0$0$175,593,654
99$365,802,326$0$0$193,322,529
100$402,736,922$0$0$212,854,027