Can I retire at age 30 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$80,432$79,716$79,017$78,334$77,668$77,146
2 years$39,818$39,076$38,358$37,661$36,985$36,459
3 years$26,282$25,537$24,820$24,130$23,465$22,950
4 years$19,515$18,772$18,063$17,384$16,735$16,237
5 years$15,456$14,718$14,017$13,353$12,722$12,241
6 years$12,751$12,018$11,328$10,678$10,066$9,603
7 years$10,819$10,093$9,414$8,779$8,187$7,741
8 years$9,371$8,651$7,984$7,365$6,792$6,364
9 years$8,246$7,533$6,876$6,273$5,720$5,310
10 years$7,346$6,640$5,995$5,407$4,873$4,482
11 years$6,610$5,911$5,278$4,706$4,191$3,817
12 years$5,997$5,305$4,684$4,128$3,632$3,275
13 years$5,479$4,794$4,185$3,644$3,167$2,827
14 years$5,035$4,358$3,760$3,235$2,776$2,453
15 years$4,651$3,981$3,395$2,885$2,445$2,137
16 years$4,315$3,653$3,078$2,583$2,160$1,869
17 years$4,019$3,364$2,801$2,321$1,916$1,639
18 years$3,756$3,108$2,557$2,092$1,703$1,441
19 years$3,521$2,881$2,341$1,890$1,518$1,270
20 years$3,310$2,677$2,148$1,712$1,356$1,121
21 years$3,120$2,494$1,976$1,554$1,214$992
22 years$2,946$2,328$1,821$1,413$1,088$879
23 years$2,788$2,177$1,681$1,286$976$779
24 years$2,644$2,040$1,555$1,173$878$692
25 years$2,511$1,914$1,440$1,072$790$615
26 years$2,389$1,799$1,336$980$711$547
27 years$2,276$1,693$1,240$897$641$487
28 years$2,171$1,595$1,153$822$579$434
29 years$2,073$1,505$1,073$753$523$387
30 years$1,983$1,421$999$691$472$345
31 years$1,898$1,344$932$635$427$308
32 years$1,819$1,271$869$584$386$275
33 years$1,744$1,204$812$537$349$246
34 years$1,674$1,141$758$494$316$220
35 years$1,609$1,082$709$455$287$196
36 years$1,547$1,027$663$419$260$176
37 years$1,489$976$621$386$235$157
38 years$1,433$927$581$356$213$140
39 years$1,381$882$545$328$193$126
40 years$1,332$839$511$302$175$112
41 years$1,285$799$479$279$159$101
42 years$1,240$761$449$257$144$90
43 years$1,198$725$421$238$131$81
44 years$1,157$691$396$219$119$72
45 years$1,119$659$371$203$108$65
46 years$1,082$628$349$187$98$58
47 years$1,047$600$328$173$89$52
48 years$1,014$572$308$160$81$46
49 years$982$547$289$148$73$42
50 years$951$522$272$137$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $974,000, adding $4,286 every year, while hoping to spend $42,537 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: 55/15/30 Blend
29$974,000$974,000$974,000$974,000
30$1,077,769$1,026,147$1,011,050$1,127,851
31$1,142,442$1,031,169$999,661$1,167,960
32$1,212,287$1,035,012$986,465$1,206,911
33$1,287,785$1,037,572$971,356$1,248,497
34$1,369,467$1,038,741$954,225$1,292,988
35$1,457,916$1,038,402$934,954$1,340,684
36$1,553,772$1,036,433$913,425$1,391,916
37$1,657,741$1,032,703$889,509$1,447,052
38$1,770,598$1,027,073$863,074$1,506,499
39$1,893,195$1,019,395$833,983$1,570,707
40$2,026,469$1,009,514$802,090$1,640,176
41$2,171,453$997,264$767,244$1,715,458
42$2,329,282$982,470$729,287$1,797,164
43$2,501,203$964,946$688,053$1,885,971
44$2,688,592$944,494$643,369$1,982,627
45$2,892,961$920,907$595,054$2,087,960
46$3,115,975$893,964$542,920$2,202,887
47$3,359,466$863,429$486,770$2,328,420
48$3,625,451$829,057$426,397$2,465,678
49$3,916,152$790,586$361,585$2,615,901
50$4,234,012$747,737$292,112$2,780,457
51$4,581,724$700,220$217,740$2,960,859
52$4,962,253$647,723$138,227$3,158,778
53$5,378,860$589,919$53,315$3,376,062
54$5,835,141$526,462$0$3,614,753
55$6,335,053$456,986$0$3,889,046
56$6,882,955$381,105$0$4,208,479
57$7,483,647$298,410$0$4,558,814
58$8,142,417$208,470$0$4,943,187
59$8,865,087$110,829$0$5,365,055
60$9,658,073$5,006$0$5,828,229
61$10,528,439$0$0$6,336,910
62$11,483,967$0$0$6,913,805
63$12,533,230$0$0$7,548,295
64$13,685,672$0$0$8,245,275
65$14,951,695$0$0$9,011,049
66$16,342,761$0$0$9,852,562
67$17,871,494$0$0$10,777,464
68$19,551,804$0$0$11,794,185
69$21,399,013$0$0$12,912,010
70$23,430,006$0$0$14,141,169
71$25,663,381$0$0$15,492,935
72$28,119,631$0$0$16,979,727
73$30,821,333$0$0$18,615,226
74$33,793,365$0$0$20,414,509
75$37,063,134$0$0$22,394,185
76$40,660,839$0$0$24,572,556
77$44,619,754$0$0$26,969,786
78$48,976,541$0$0$29,608,096
79$53,771,595$0$0$32,511,966
80$59,049,428$0$0$35,708,372
81$64,859,083$0$0$39,227,037
82$71,254,601$0$0$43,100,713
83$78,295,529$0$0$47,365,489
84$86,047,480$0$0$52,061,129
85$94,582,752$0$0$57,231,452
86$103,981,013$0$0$62,924,740
87$114,330,047$0$0$69,194,198
88$125,726,587$0$0$76,098,451
89$138,277,221$0$0$83,702,101
90$152,099,406$0$0$92,076,334
91$167,322,569$0$0$101,299,593
92$184,089,327$0$0$111,458,315
93$202,556,841$0$0$122,647,751
94$222,898,289$0$0$134,972,861
95$245,304,505$0$0$148,549,306
96$269,985,778$0$0$163,504,538
97$297,173,838$0$0$179,979,006
98$327,124,040$0$0$198,127,474
99$360,117,775$0$0$218,120,491
100$396,465,123$0$0$240,145,992