Can I retire at age 30 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$80,349$79,634$78,935$78,254$77,588$75,316
2 years$39,777$39,036$38,318$37,622$36,947$34,676
3 years$26,255$25,511$24,794$24,105$23,441$21,242
4 years$19,495$18,753$18,044$17,366$16,718$14,609
5 years$15,440$14,703$14,003$13,339$12,709$10,695
6 years$12,737$12,006$11,316$10,667$10,056$8,139
7 years$10,808$10,082$9,404$8,770$8,178$6,358
8 years$9,361$8,642$7,975$7,357$6,785$5,061
9 years$8,237$7,525$6,869$6,267$5,714$4,084
10 years$7,338$6,633$5,989$5,402$4,868$3,330
11 years$6,603$5,905$5,272$4,701$4,187$2,738
12 years$5,991$5,300$4,679$4,124$3,628$2,266
13 years$5,473$4,789$4,180$3,641$3,164$1,885
14 years$5,030$4,353$3,756$3,232$2,773$1,575
15 years$4,646$3,977$3,391$2,882$2,442$1,320
16 years$4,311$3,649$3,075$2,581$2,158$1,110
17 years$4,015$3,360$2,798$2,319$1,914$935
18 years$3,752$3,105$2,554$2,090$1,702$790
19 years$3,518$2,878$2,338$1,888$1,517$668
20 years$3,307$2,674$2,146$1,710$1,355$565
21 years$3,116$2,491$1,974$1,552$1,212$479
22 years$2,943$2,325$1,819$1,411$1,087$407
23 years$2,786$2,175$1,680$1,285$975$346
24 years$2,641$2,038$1,553$1,172$877$294
25 years$2,509$1,912$1,439$1,070$789$250
26 years$2,386$1,797$1,334$979$711$213
27 years$2,273$1,691$1,239$896$641$181
28 years$2,169$1,594$1,152$821$578$154
29 years$2,071$1,503$1,072$753$522$131
30 years$1,981$1,420$998$691$472$112
31 years$1,896$1,342$931$634$426$95
32 years$1,817$1,270$868$583$386$81
33 years$1,743$1,203$811$536$349$69
34 years$1,673$1,140$758$493$316$59
35 years$1,607$1,081$708$454$286$50
36 years$1,545$1,026$663$418$259$43
37 years$1,487$975$620$385$235$37
38 years$1,432$926$581$355$213$31
39 years$1,380$881$544$328$193$27
40 years$1,330$838$510$302$175$23
41 years$1,283$798$478$279$159$19
42 years$1,239$760$449$257$144$17
43 years$1,196$724$421$237$131$14
44 years$1,156$690$395$219$119$12
45 years$1,118$658$371$202$108$10
46 years$1,081$628$348$187$98$9
47 years$1,046$599$327$173$89$7
48 years$1,013$572$308$160$81$6
49 years$981$546$289$148$73$5
50 years$950$522$272$136$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $973,000, adding $4,930 every year, while hoping to spend $49,168 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: 67/8/25 Blend
29$973,000$973,000$973,000$973,000
30$1,077,331$1,025,762$1,010,681$1,142,243
31$1,134,905$1,023,710$992,224$1,184,440
32$1,196,703$1,019,910$971,501$1,224,527
33$1,263,104$1,014,223$948,385$1,267,241
34$1,334,526$1,006,505$922,740$1,312,842
35$1,411,423$996,600$894,428$1,361,618
36$1,494,299$984,343$863,302$1,413,888
37$1,583,703$969,562$829,208$1,470,005
38$1,680,242$952,072$791,988$1,530,359
39$1,784,580$931,677$751,473$1,595,382
40$1,897,449$908,171$707,489$1,665,551
41$2,019,653$881,335$659,853$1,741,394
42$2,152,073$850,936$608,375$1,823,495
43$2,295,683$816,730$552,854$1,912,498
44$2,451,550$778,457$493,081$2,009,119
45$2,620,849$735,843$428,841$2,114,143
46$2,804,873$688,597$359,904$2,228,444
47$3,005,043$636,411$286,034$2,352,984
48$3,222,924$578,962$206,983$2,488,826
49$3,460,237$515,905$122,491$2,637,147
50$3,718,876$446,879$32,289$2,799,244
51$4,000,925$371,500$0$2,976,552
52$4,308,679$289,364$0$3,187,719
53$4,644,664$200,042$0$3,427,732
54$5,011,658$103,082$0$3,689,983
55$5,412,723$0$0$3,976,689
56$5,851,228$0$0$4,290,473
57$6,330,882$0$0$4,643,684
58$6,855,770$0$0$5,030,264
59$7,430,389$0$0$5,453,532
60$8,059,692$0$0$5,917,144
61$8,749,133$0$0$6,425,127
62$9,504,720$0$0$6,981,913
63$10,333,065$0$0$7,592,386
64$11,241,457$0$0$8,261,924
65$12,237,918$0$0$8,996,452
66$13,331,288$0$0$9,802,493
67$14,531,303$0$0$10,687,235
68$15,848,686$0$0$11,658,595
69$17,295,251$0$0$12,725,293
70$18,884,011$0$0$13,896,937
71$20,629,300$0$0$15,184,108
72$22,546,911$0$0$16,598,466
73$24,654,241$0$0$18,152,855
74$26,970,456$0$0$19,861,423
75$29,516,673$0$0$21,739,760
76$32,316,153$0$0$23,805,040
77$35,394,526$0$0$26,076,185
78$38,780,030$0$0$28,574,043
79$42,503,777$0$0$31,321,582
80$46,600,044$0$0$34,344,109
81$51,106,597$0$0$37,669,506
82$56,065,050$0$0$41,328,497
83$61,521,250$0$0$45,354,931
84$67,525,717$0$0$49,786,106
85$74,134,111$0$0$54,663,117
86$81,407,767$0$0$60,031,246
87$89,414,262$0$0$65,940,388
88$98,228,061$0$0$72,445,520
89$107,931,215$0$0$79,607,220
90$118,614,133$0$0$87,492,240
91$130,376,437$0$0$96,174,133
92$143,327,902$0$0$105,733,945
93$157,589,488$0$0$116,260,985
94$173,294,482$0$0$127,853,661
95$190,589,759$0$0$140,620,413
96$209,637,160$0$0$154,680,733
97$230,615,024$0$0$170,166,292
98$253,719,869$0$0$187,222,184
99$279,168,245$0$0$206,008,293
100$307,198,776$0$0$226,700,803