Can I retire at age 30 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$80,597$79,879$79,179$78,495$77,828$76,444
2 years$39,900$39,156$38,436$37,738$37,061$35,671
3 years$26,336$25,589$24,871$24,179$23,513$22,161
4 years$19,555$18,811$18,100$17,420$16,770$15,466
5 years$15,487$14,748$14,046$13,380$12,748$11,496
6 years$12,777$12,043$11,351$10,700$10,087$8,888
7 years$10,841$10,113$9,433$8,797$8,203$7,058
8 years$9,390$8,669$8,000$7,380$6,806$5,714
9 years$8,262$7,548$6,890$6,286$5,731$4,692
10 years$7,361$6,653$6,007$5,418$4,883$3,896
11 years$6,623$5,923$5,289$4,716$4,200$3,263
12 years$6,009$5,316$4,693$4,136$3,639$2,752
13 years$5,490$4,804$4,193$3,652$3,174$2,334
14 years$5,046$4,367$3,768$3,242$2,782$1,989
15 years$4,661$3,989$3,402$2,891$2,450$1,701
16 years$4,324$3,660$3,084$2,589$2,165$1,460
17 years$4,027$3,371$2,806$2,326$1,920$1,256
18 years$3,764$3,115$2,562$2,096$1,707$1,084
19 years$3,529$2,887$2,345$1,894$1,521$936
20 years$3,317$2,682$2,152$1,715$1,359$811
21 years$3,126$2,499$1,980$1,557$1,216$703
22 years$2,952$2,332$1,825$1,415$1,090$610
23 years$2,794$2,181$1,685$1,289$978$530
24 years$2,649$2,044$1,558$1,176$879$461
25 years$2,516$1,918$1,443$1,074$791$401
26 years$2,394$1,803$1,338$982$713$349
27 years$2,280$1,697$1,243$899$643$304
28 years$2,175$1,599$1,155$823$580$265
29 years$2,078$1,508$1,075$755$524$231
30 years$1,987$1,424$1,002$693$473$202
31 years$1,902$1,346$934$636$428$176
32 years$1,822$1,274$871$585$387$154
33 years$1,748$1,206$813$538$350$134
34 years$1,678$1,143$760$495$317$117
35 years$1,612$1,085$711$456$287$103
36 years$1,550$1,029$665$420$260$90
37 years$1,492$978$622$387$236$78
38 years$1,436$929$583$356$214$68
39 years$1,384$884$546$329$194$60
40 years$1,334$841$512$303$176$52
41 years$1,287$800$480$280$160$46
42 years$1,243$762$450$258$145$40
43 years$1,200$726$422$238$131$35
44 years$1,160$692$396$220$119$31
45 years$1,121$660$372$203$108$27
46 years$1,084$630$350$188$98$23
47 years$1,049$601$328$173$89$20
48 years$1,016$574$309$160$81$18
49 years$984$548$290$148$74$16
50 years$953$523$273$137$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $976,000, adding $6,162 every year, while hoping to spend $47,233 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: 75/20/5 Blend
29$976,000$976,000$976,000$976,000
30$1,081,908$1,030,180$1,015,052$1,162,222
31$1,142,007$1,030,403$998,801$1,216,082
32$1,206,653$1,029,055$980,422$1,268,418
33$1,276,260$1,026,007$959,795$1,324,387
34$1,351,283$1,021,125$936,792$1,384,329
35$1,432,221$1,014,267$911,281$1,448,619
36$1,519,622$1,005,281$883,124$1,517,674
37$1,614,089$994,005$852,174$1,591,949
38$1,716,286$980,271$818,281$1,671,949
39$1,826,939$963,896$781,286$1,758,230
40$1,946,850$944,691$741,023$1,851,405
41$2,076,900$922,451$697,318$1,952,151
42$2,218,055$896,964$649,990$2,061,213
43$2,371,382$868,000$598,850$2,179,414
44$2,538,052$835,321$543,700$2,307,663
45$2,719,353$798,671$484,333$2,446,959
46$2,916,702$757,781$420,534$2,598,408
47$3,131,661$712,367$352,076$2,763,228
48$3,365,945$662,128$278,726$2,942,762
49$3,621,444$606,745$200,236$3,138,492
50$3,900,237$545,881$116,349$3,352,054
51$4,204,613$479,182$26,799$3,585,251
52$4,537,093$406,270$0$3,840,073
53$4,900,448$326,750$0$4,122,382
54$5,297,735$240,201$0$4,432,695
55$5,732,313$146,181$0$4,772,266
56$6,207,887$44,221$0$5,144,057
57$6,728,531$0$0$5,551,334
58$7,298,736$0$0$6,012,261
59$7,923,444$0$0$6,527,947
60$8,608,099$0$0$7,093,161
61$9,358,699$0$0$7,712,856
62$10,181,845$0$0$8,392,490
63$11,084,812$0$0$9,138,074
64$12,075,611$0$0$9,956,228
65$13,163,066$0$0$10,854,245
66$14,356,897$0$0$11,840,159
67$15,667,812$0$0$12,922,816
68$17,107,605$0$0$14,111,967
69$18,689,270$0$0$15,418,348
70$20,427,121$0$0$16,853,788
71$22,336,926$0$0$18,431,322
72$24,436,057$0$0$20,165,304
73$26,743,654$0$0$22,071,554
74$29,280,803$0$0$24,167,496
75$32,070,733$0$0$26,472,331
76$35,139,039$0$0$29,007,212
77$38,513,922$0$0$31,795,443
78$42,226,449$0$0$34,862,703
79$46,310,854$0$0$38,237,283
80$50,804,852$0$0$41,950,356
81$55,750,003$0$0$46,036,268
82$61,192,096$0$0$50,532,863
83$67,181,583$0$0$55,481,838
84$73,774,057$0$0$60,929,140
85$81,030,771$0$0$66,925,393
86$89,019,221$0$0$73,526,381
87$97,813,777$0$0$80,793,569
88$107,496,388$0$0$88,794,687
89$118,157,351$0$0$97,604,364
90$129,896,167$0$0$107,304,836
91$142,822,475$0$0$117,986,718
92$157,057,089$0$0$129,749,860
93$172,733,135$0$0$142,704,291
94$189,997,310$0$0$156,971,252
95$209,011,260$0$0$172,684,344
96$229,953,110$0$0$189,990,785
97$253,019,145$0$0$209,052,800
98$278,425,656$0$0$230,049,155
99$306,410,986$0$0$253,176,836
100$337,237,776$0$0$278,652,914