Can I retire at age 30 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$80,102$79,388$78,692$78,013$77,349$76,225
2 years$39,654$38,916$38,200$37,506$36,833$35,702
3 years$26,174$25,432$24,718$24,030$23,368$22,267
4 years$19,435$18,695$17,988$17,313$16,666$15,603
5 years$15,392$14,657$13,960$13,298$12,670$11,646
6 years$12,698$11,969$11,282$10,634$10,025$9,044
7 years$10,775$10,051$9,375$8,743$8,153$7,214
8 years$9,333$8,616$7,951$7,334$6,764$5,867
9 years$8,212$7,502$6,848$6,247$5,696$4,841
10 years$7,315$6,612$5,970$5,385$4,853$4,039
11 years$6,583$5,887$5,256$4,687$4,174$3,400
12 years$5,972$5,283$4,665$4,111$3,617$2,882
13 years$5,456$4,775$4,168$3,629$3,154$2,457
14 years$5,015$4,340$3,745$3,222$2,765$2,105
15 years$4,632$3,965$3,381$2,873$2,434$1,811
16 years$4,297$3,638$3,065$2,573$2,152$1,563
17 years$4,003$3,350$2,789$2,311$1,908$1,352
18 years$3,741$3,096$2,546$2,083$1,696$1,173
19 years$3,507$2,869$2,331$1,882$1,512$1,020
20 years$3,297$2,666$2,139$1,705$1,350$888
21 years$3,107$2,483$1,968$1,547$1,209$775
22 years$2,934$2,318$1,814$1,407$1,083$676
23 years$2,777$2,168$1,674$1,281$972$591
24 years$2,633$2,031$1,549$1,168$874$517
25 years$2,501$1,906$1,434$1,067$786$453
26 years$2,379$1,792$1,330$976$708$397
27 years$2,266$1,686$1,235$893$639$348
28 years$2,162$1,589$1,148$818$576$306
29 years$2,065$1,499$1,069$750$520$268
30 years$1,975$1,415$995$689$470$236
31 years$1,890$1,338$928$632$425$207
32 years$1,811$1,266$866$581$385$182
33 years$1,737$1,199$808$535$348$160
34 years$1,668$1,136$755$492$315$141
35 years$1,602$1,078$706$453$285$124
36 years$1,541$1,023$661$417$259$109
37 years$1,482$972$618$384$234$96
38 years$1,427$923$579$354$212$84
39 years$1,375$878$542$326$193$74
40 years$1,326$835$508$301$175$65
41 years$1,279$795$477$278$159$58
42 years$1,235$757$447$256$144$51
43 years$1,193$722$420$237$131$45
44 years$1,152$688$394$219$119$39
45 years$1,114$656$370$202$108$35
46 years$1,078$626$347$186$98$30
47 years$1,043$597$326$172$89$27
48 years$1,009$570$307$159$81$24
49 years$978$544$288$147$73$21
50 years$947$520$271$136$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $970,000, adding $6,660 every year, while hoping to spend $42,034 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: 78/17/5 Blend
29$970,000$970,000$970,000$970,000
30$1,075,810$1,024,400$1,009,365$1,158,948
31$1,140,819$1,029,872$998,455$1,219,860
32$1,211,049$1,034,203$985,770$1,280,470
33$1,286,991$1,037,293$971,208$1,345,675
34$1,369,179$1,039,035$954,658$1,415,911
35$1,458,204$1,039,317$936,008$1,491,658
36$1,554,715$1,038,018$915,139$1,573,448
37$1,659,425$1,035,010$891,925$1,661,864
38$1,773,119$1,030,157$866,237$1,757,549
39$1,896,658$1,023,317$837,937$1,861,214
40$2,030,994$1,014,335$806,885$1,973,639
41$2,177,169$1,003,052$772,929$2,095,685
42$2,336,333$989,294$735,915$2,228,302
43$2,509,750$972,880$695,679$2,372,536
44$2,698,812$953,619$652,052$2,529,539
45$2,905,049$931,305$604,854$2,700,583
46$3,130,148$905,723$553,901$2,887,069
47$3,375,964$876,644$498,997$3,090,541
48$3,644,539$843,826$439,940$3,312,700
49$3,938,122$807,014$376,518$3,555,424
50$4,259,188$765,935$308,509$3,820,780
51$4,610,464$720,304$235,682$4,111,049
52$4,994,950$669,818$157,796$4,428,745
53$5,415,951$614,155$74,599$4,776,637
54$5,877,107$552,978$0$5,157,781
55$6,382,427$485,928$0$5,576,301
56$6,936,323$412,627$0$6,039,449
57$7,543,657$332,676$0$6,547,348
58$8,209,785$245,651$0$7,104,524
59$8,940,602$151,107$0$7,715,969
60$9,742,606$48,574$0$8,387,182
61$10,622,951$0$0$9,124,224
62$11,589,519$0$0$9,945,459
63$12,650,992$0$0$10,857,342
64$13,816,935$0$0$11,859,006
65$15,097,884$0$0$12,959,507
66$16,505,445$0$0$14,168,823
67$18,052,407$0$0$15,497,943
68$19,752,855$0$0$16,958,977
69$21,622,312$0$0$18,565,263
70$23,677,874$0$0$20,331,500
71$25,938,382$0$0$22,273,879
72$28,424,591$0$0$24,410,240
73$31,159,369$0$0$26,760,240
74$34,167,911$0$0$29,345,535
75$37,477,978$0$0$32,189,986
76$41,120,158$0$0$35,319,884
77$45,128,153$0$0$38,764,196
78$49,539,095$0$0$42,554,842
79$54,393,902$0$0$46,726,990
80$59,737,656$0$0$51,319,390
81$65,620,034$0$0$56,374,743
82$72,095,772$0$0$61,940,095
83$79,225,184$0$0$68,067,290
84$87,074,728$0$0$74,813,452
85$95,717,637$0$0$82,241,527
86$105,234,602$0$0$90,420,874
87$115,714,542$0$0$99,427,921
88$127,255,435$0$0$109,346,888
89$139,965,246$0$0$120,270,574
90$153,962,945$0$0$132,301,241
91$169,379,629$0$0$145,551,572
92$186,359,757$0$0$160,145,739
93$205,062,516$0$0$176,220,570
94$225,663,319$0$0$193,926,843
95$248,355,463$0$0$213,430,706
96$273,351,952$0$0$234,915,249
97$300,887,507$0$0$258,582,225
98$331,220,778$0$0$284,653,959
99$364,636,789$0$0$313,375,445
100$401,449,625$0$0$345,016,657