Can I retire at age 30 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$80,267$79,552$78,854$78,173$77,509$75,028
2 years$39,736$38,996$38,279$37,583$36,909$34,432
3 years$26,228$25,484$24,769$24,080$23,417$21,022
4 years$19,475$18,734$18,025$17,348$16,701$14,406
5 years$15,424$14,687$13,988$13,325$12,696$10,508
6 years$12,724$11,993$11,305$10,656$10,046$7,966
7 years$10,797$10,072$9,394$8,761$8,170$6,199
8 years$9,352$8,634$7,967$7,349$6,778$4,913
9 years$8,229$7,517$6,862$6,260$5,708$3,948
10 years$7,330$6,626$5,983$5,396$4,863$3,206
11 years$6,596$5,899$5,267$4,696$4,183$2,624
12 years$5,985$5,294$4,674$4,119$3,625$2,161
13 years$5,468$4,785$4,176$3,637$3,161$1,789
14 years$5,025$4,349$3,752$3,228$2,771$1,488
15 years$4,641$3,973$3,388$2,879$2,439$1,241
16 years$4,306$3,645$3,072$2,578$2,156$1,038
17 years$4,011$3,357$2,795$2,316$1,912$870
18 years$3,749$3,102$2,551$2,087$1,700$731
19 years$3,514$2,875$2,336$1,886$1,515$615
20 years$3,304$2,671$2,144$1,708$1,353$518
21 years$3,113$2,488$1,972$1,550$1,211$437
22 years$2,940$2,323$1,817$1,410$1,086$369
23 years$2,783$2,172$1,678$1,284$974$311
24 years$2,638$2,035$1,552$1,171$876$263
25 years$2,506$1,910$1,437$1,069$788$223
26 years$2,384$1,795$1,333$978$710$188
27 years$2,271$1,690$1,238$895$640$159
28 years$2,166$1,592$1,151$820$578$135
29 years$2,069$1,502$1,071$752$521$114
30 years$1,979$1,418$997$690$471$97
31 years$1,894$1,341$930$634$426$82
32 years$1,815$1,269$868$582$385$69
33 years$1,741$1,202$810$536$349$59
34 years$1,671$1,139$757$493$316$50
35 years$1,606$1,080$708$454$286$42
36 years$1,544$1,025$662$418$259$36
37 years$1,485$974$620$385$235$30
38 years$1,430$925$580$355$213$26
39 years$1,378$880$544$327$193$22
40 years$1,329$837$510$302$175$19
41 years$1,282$797$478$278$159$16
42 years$1,237$759$448$257$144$13
43 years$1,195$723$421$237$131$11
44 years$1,155$689$395$219$119$10
45 years$1,116$657$371$202$108$8
46 years$1,080$627$348$187$98$7
47 years$1,045$598$327$173$89$6
48 years$1,012$571$307$159$81$5
49 years$980$545$289$147$73$4
50 years$949$521$272$136$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $972,000, adding $4,495 every year, while hoping to spend $23,123 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: 63/24/13 Blend
29$972,000$972,000$972,000$972,000
30$1,075,781$1,024,265$1,009,199$1,139,958
31$1,160,908$1,049,851$1,018,404$1,209,087
32$1,253,942$1,075,916$1,027,143$1,281,476
33$1,355,667$1,102,459$1,035,375$1,359,952
34$1,466,944$1,129,478$1,043,059$1,445,108
35$1,588,720$1,156,970$1,050,149$1,537,595
36$1,722,040$1,184,932$1,056,599$1,638,130
37$1,868,053$1,213,359$1,062,361$1,747,505
38$2,028,027$1,242,245$1,067,382$1,866,591
39$2,203,355$1,271,584$1,071,608$1,996,345
40$2,395,573$1,301,368$1,074,983$2,137,826
41$2,606,372$1,331,586$1,077,446$2,292,197
42$2,837,617$1,362,229$1,078,935$2,460,740
43$3,091,358$1,393,282$1,079,384$2,644,869
44$3,369,857$1,424,733$1,078,724$2,846,139
45$3,675,603$1,456,565$1,076,881$3,066,266
46$4,011,338$1,488,761$1,073,781$3,307,139
47$4,380,085$1,521,300$1,069,342$3,570,839
48$4,785,170$1,554,161$1,063,482$3,859,662
49$5,230,261$1,587,319$1,056,112$4,176,134
50$5,719,398$1,620,747$1,047,142$4,523,042
51$6,257,029$1,654,416$1,036,474$4,903,453
52$6,848,057$1,688,294$1,024,007$5,320,750
53$7,497,884$1,722,345$1,009,636$5,778,660
54$8,212,460$1,756,532$993,251$6,281,291
55$8,998,341$1,790,812$974,735$6,833,166
56$9,862,750$1,825,141$953,967$7,439,275
57$10,813,647$1,859,469$930,821$8,105,112
58$11,859,799$1,893,743$905,164$8,836,735
59$13,010,869$1,927,906$876,857$9,640,818
60$14,277,500$1,961,897$845,754$10,524,717
61$15,671,423$1,995,648$811,705$11,496,537
62$17,205,561$2,029,087$774,550$12,565,213
63$18,894,155$2,062,138$734,124$13,740,588
64$20,752,894$2,094,718$690,252$15,033,512
65$22,799,067$2,126,738$642,754$16,455,942
66$25,051,726$2,158,102$591,440$18,021,053
67$27,531,862$2,188,709$536,113$19,743,368
68$30,262,604$2,218,448$476,565$21,638,890
69$33,269,440$2,247,203$412,581$23,725,256
70$36,580,456$2,274,848$343,935$26,021,901
71$40,226,597$2,301,251$270,392$28,550,246
72$44,241,965$2,326,267$191,705$31,333,897
73$48,664,137$2,349,745$107,618$34,398,869
74$53,534,519$2,371,523$17,864$37,773,834
75$58,898,740$2,391,427$0$41,490,387
76$64,807,077$2,409,273$0$45,594,158
77$71,314,936$2,424,865$0$50,116,060
78$78,483,369$2,437,992$0$55,095,947
79$86,379,653$2,448,434$0$60,580,470
80$95,077,923$2,455,953$0$66,621,039
81$104,659,875$2,460,299$0$73,274,308
82$115,215,532$2,461,203$0$80,602,709
83$126,844,097$2,458,383$0$88,675,043
84$139,654,888$2,451,537$0$97,567,129
85$153,768,370$2,440,345$0$107,362,521
86$169,317,290$2,424,468$0$118,153,294
87$186,447,933$2,403,547$0$130,040,917
88$205,321,501$2,377,199$0$143,137,209
89$226,115,632$2,345,020$0$157,565,396
90$249,026,083$2,306,582$0$173,461,276
91$274,268,568$2,261,430$0$190,974,496
92$302,080,805$2,209,083$0$210,269,971
93$332,724,751$2,149,032$0$231,529,441
94$366,489,078$2,080,737$0$254,953,183
95$403,691,898$2,003,627$0$280,761,904
96$444,683,764$1,917,097$0$309,198,828
97$489,850,983$1,820,510$0$340,531,991
98$539,619,257$1,713,189$0$375,056,769
99$594,457,704$1,594,418$0$413,098,674
100$654,883,287$1,463,442$0$455,016,420