Can I retire at age 30 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$80,184$79,470$78,773$78,093$77,429$74,534
2 years$39,695$38,956$38,239$37,545$36,871$33,987
3 years$26,201$25,458$24,743$24,055$23,392$20,611
4 years$19,455$18,714$18,007$17,330$16,684$14,025
5 years$15,408$14,672$13,974$13,311$12,683$10,155
6 years$12,711$11,981$11,293$10,645$10,035$7,639
7 years$10,786$10,062$9,385$8,752$8,161$5,897
8 years$9,342$8,625$7,959$7,342$6,771$4,636
9 years$8,220$7,509$6,855$6,254$5,702$3,693
10 years$7,323$6,619$5,976$5,391$4,858$2,972
11 years$6,589$5,893$5,261$4,692$4,178$2,411
12 years$5,979$5,289$4,669$4,115$3,621$1,967
13 years$5,462$4,780$4,172$3,633$3,157$1,613
14 years$5,020$4,345$3,748$3,225$2,768$1,328
15 years$4,637$3,969$3,384$2,876$2,437$1,097
16 years$4,302$3,641$3,068$2,575$2,154$908
17 years$4,007$3,354$2,792$2,314$1,910$754
18 years$3,745$3,099$2,549$2,085$1,698$626
19 years$3,511$2,872$2,333$1,884$1,513$521
20 years$3,300$2,669$2,141$1,707$1,352$435
21 years$3,110$2,486$1,970$1,549$1,210$362
22 years$2,937$2,320$1,815$1,408$1,084$303
23 years$2,780$2,170$1,676$1,282$973$253
24 years$2,636$2,033$1,550$1,170$875$211
25 years$2,503$1,908$1,436$1,068$787$177
26 years$2,381$1,793$1,332$977$709$148
27 years$2,269$1,688$1,237$894$639$124
28 years$2,164$1,590$1,150$819$577$104
29 years$2,067$1,500$1,070$751$521$87
30 years$1,977$1,417$996$689$471$73
31 years$1,892$1,339$929$633$426$61
32 years$1,813$1,267$867$582$385$51
33 years$1,739$1,200$809$535$348$43
34 years$1,669$1,138$756$492$315$36
35 years$1,604$1,079$707$453$286$30
36 years$1,542$1,024$661$417$259$25
37 years$1,484$973$619$385$235$21
38 years$1,429$924$580$354$213$18
39 years$1,377$879$543$327$193$15
40 years$1,328$836$509$301$175$12
41 years$1,281$796$477$278$159$10
42 years$1,236$758$448$257$144$9
43 years$1,194$722$420$237$131$7
44 years$1,154$689$394$219$119$6
45 years$1,115$657$370$202$108$5
46 years$1,079$626$348$187$98$4
47 years$1,044$598$327$172$89$4
48 years$1,010$571$307$159$81$3
49 years$979$545$289$147$73$3
50 years$948$521$271$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $971,000, adding $6,389 every year, while hoping to spend $35,692 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: 49/41/10 Blend
29$971,000$971,000$971,000$971,000
30$1,076,632$1,025,169$1,010,119$1,126,187
31$1,148,473$1,037,427$1,005,982$1,173,095
32$1,226,445$1,049,088$1,000,510$1,219,737
33$1,311,136$1,060,087$993,621$1,269,577
34$1,403,193$1,070,353$985,228$1,322,927
35$1,503,327$1,079,808$975,241$1,380,129
36$1,612,320$1,088,373$963,566$1,441,559
37$1,731,033$1,095,960$950,102$1,507,636
38$1,860,415$1,102,478$934,747$1,578,822
39$2,001,507$1,107,829$917,391$1,655,626
40$2,155,457$1,111,909$897,920$1,738,611
41$2,323,529$1,114,608$876,215$1,828,400
42$2,507,113$1,115,808$852,153$1,925,681
43$2,707,740$1,115,384$825,601$2,031,212
44$2,927,096$1,113,204$796,425$2,145,834
45$3,167,035$1,109,126$764,481$2,270,473
46$3,429,601$1,103,002$729,620$2,406,153
47$3,717,045$1,094,674$691,686$2,554,003
48$4,031,843$1,083,972$650,517$2,715,275
49$4,376,723$1,070,719$605,941$2,891,345
50$4,754,691$1,054,726$557,782$3,083,738
51$5,169,055$1,035,793$505,854$3,294,135
52$5,623,459$1,013,708$449,961$3,524,393
53$6,121,919$988,247$389,901$3,776,561
54$6,668,855$959,171$325,463$4,052,905
55$7,269,137$926,229$256,425$4,355,921
56$7,928,129$889,155$182,555$4,688,369
57$8,651,742$847,666$103,614$5,053,294
58$9,446,483$801,466$19,349$5,454,056
59$10,319,525$750,238$0$5,894,365
60$11,278,765$693,649$0$6,385,845
61$12,332,908$631,346$0$6,928,178
62$13,491,541$562,958$0$7,524,312
63$14,765,225$488,090$0$8,179,782
64$16,165,597$406,326$0$8,900,693
65$17,705,479$317,227$0$9,693,778
66$19,398,995$220,328$0$10,566,465
67$21,261,708$115,139$0$11,526,946
68$23,310,763$1,143$0$12,584,257
69$25,565,054$0$0$13,748,364
70$28,045,395$0$0$15,085,394
71$30,774,721$0$0$16,557,331
72$33,778,302$0$0$18,177,302
73$37,083,983$0$0$19,960,341
74$40,722,441$0$0$21,923,012
75$44,727,484$0$0$24,083,566
76$49,136,358$0$0$26,462,116
77$53,990,107$0$0$29,080,822
78$59,333,957$0$0$31,964,102
79$65,217,741$0$0$35,138,863
80$71,696,369$0$0$38,634,755
81$78,830,350$0$0$42,484,447
82$86,686,358$0$0$46,723,939
83$95,337,860$0$0$51,392,901
84$104,865,814$0$0$56,535,045
85$115,359,430$0$0$62,198,540
86$126,917,010$0$0$68,436,465
87$139,646,876$0$0$75,307,308
88$153,668,396$0$0$82,875,523
89$169,113,103$0$0$91,212,133
90$186,125,941$0$0$100,395,400
91$204,866,634$0$0$110,511,569
92$225,511,186$0$0$121,655,677
93$248,253,549$0$0$133,932,449
94$273,307,451$0$0$147,457,290
95$300,908,409$0$0$162,357,373
96$331,315,959$0$0$178,772,836
97$364,816,098$0$0$196,858,110
98$401,723,987$0$0$216,783,370
99$442,386,925$0$0$238,736,148
100$487,187,627$0$0$262,923,096