Can I retire at age 30 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$80,680$79,961$79,260$78,576$77,907$77,094
2 years$39,940$39,197$38,476$37,777$37,099$36,279
3 years$26,362$25,615$24,896$24,204$23,537$22,737
4 years$19,575$18,830$18,118$17,438$16,787$16,013
5 years$15,503$14,763$14,060$13,394$12,761$12,015
6 years$12,790$12,055$11,363$10,711$10,097$9,381
7 years$10,852$10,124$9,443$8,806$8,212$7,525
8 years$9,400$8,678$8,008$7,387$6,813$6,155
9 years$8,271$7,556$6,897$6,292$5,737$5,108
10 years$7,368$6,660$6,013$5,424$4,888$4,288
11 years$6,630$5,929$5,294$4,721$4,204$3,632
12 years$6,015$5,322$4,698$4,141$3,643$3,099
13 years$5,496$4,809$4,198$3,655$3,177$2,659
14 years$5,051$4,371$3,772$3,245$2,785$2,294
15 years$4,665$3,993$3,405$2,894$2,452$1,986
16 years$4,328$3,664$3,087$2,591$2,167$1,726
17 years$4,032$3,374$2,809$2,328$1,922$1,504
18 years$3,768$3,118$2,565$2,098$1,709$1,314
19 years$3,532$2,890$2,348$1,896$1,523$1,151
20 years$3,321$2,685$2,155$1,717$1,360$1,010
21 years$3,129$2,501$1,982$1,558$1,217$887
22 years$2,955$2,335$1,827$1,417$1,091$781
23 years$2,797$2,184$1,687$1,290$979$688
24 years$2,652$2,046$1,560$1,177$880$606
25 years$2,519$1,920$1,445$1,075$792$535
26 years$2,396$1,805$1,340$983$714$473
27 years$2,283$1,698$1,244$900$643$418
28 years$2,178$1,600$1,157$824$580$370
29 years$2,080$1,510$1,076$756$524$327
30 years$1,989$1,426$1,003$694$474$290
31 years$1,904$1,348$935$637$428$257
32 years$1,824$1,275$872$585$387$228
33 years$1,750$1,208$814$538$351$202
34 years$1,680$1,145$761$495$317$179
35 years$1,614$1,086$711$456$287$159
36 years$1,552$1,030$665$420$260$141
37 years$1,493$979$623$387$236$125
38 years$1,438$930$583$357$214$111
39 years$1,385$884$546$329$194$98
40 years$1,336$841$512$303$176$87
41 years$1,289$801$480$280$160$78
42 years$1,244$763$450$258$145$69
43 years$1,201$727$423$238$132$61
44 years$1,161$693$397$220$119$54
45 years$1,122$661$373$203$108$48
46 years$1,085$630$350$188$98$43
47 years$1,050$601$329$173$89$38
48 years$1,017$574$309$160$81$34
49 years$985$548$290$148$74$30
50 years$954$524$273$137$67$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $977,000, adding $2,986 every year, while hoping to spend $29,402 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: 73/9/18 Blend
29$977,000$977,000$977,000$977,000
30$1,079,734$1,027,953$1,012,810$1,153,803
31$1,158,583$1,047,039$1,015,455$1,222,446
32$1,244,490$1,066,075$1,017,204$1,293,761
33$1,338,143$1,085,028$1,017,995$1,371,123
34$1,440,299$1,103,860$1,017,764$1,455,128
35$1,551,794$1,122,534$1,016,444$1,546,431
36$1,673,546$1,141,007$1,013,963$1,645,753
37$1,806,566$1,159,234$1,010,249$1,753,890
38$1,951,967$1,177,168$1,005,224$1,871,718
39$2,110,975$1,194,756$998,806$2,000,204
40$2,284,939$1,211,944$990,910$2,140,411
41$2,475,344$1,228,670$981,447$2,293,514
42$2,683,826$1,244,872$970,323$2,460,804
43$2,912,188$1,260,483$957,440$2,643,707
44$3,162,413$1,275,428$942,696$2,843,792
45$3,436,686$1,289,631$925,983$3,062,791
46$3,737,414$1,303,009$907,190$3,302,610
47$4,067,246$1,315,473$886,197$3,565,352
48$4,429,103$1,326,929$862,883$3,853,334
49$4,826,200$1,337,277$837,118$4,169,108
50$5,262,079$1,346,410$808,767$4,515,490
51$5,740,641$1,354,214$777,691$4,895,580
52$6,266,184$1,360,568$743,741$5,312,798
53$6,843,442$1,365,343$706,764$5,770,912
54$7,477,631$1,368,402$666,598$6,274,074
55$8,174,496$1,369,601$623,076$6,826,861
56$8,940,367$1,368,784$576,022$7,434,319
57$9,782,218$1,365,787$525,251$8,102,008
58$10,707,729$1,360,436$470,572$8,836,055
59$11,725,367$1,352,546$411,786$9,643,216
60$12,844,455$1,341,922$348,681$10,530,935
61$14,075,267$1,328,354$281,040$11,507,416
62$15,429,124$1,311,623$208,635$12,581,702
63$16,918,497$1,291,495$131,226$13,763,762
64$18,557,128$1,267,722$48,566$15,064,578
65$20,360,156$1,240,042$0$16,496,259
66$22,344,265$1,208,176$0$18,079,764
67$24,527,835$1,171,832$0$19,832,632
68$26,931,119$1,130,697$0$21,761,791
69$29,576,434$1,084,442$0$23,885,160
70$32,488,369$1,032,719$0$26,222,488
71$35,694,019$975,158$0$28,795,536
72$39,223,237$911,369$0$31,628,284
73$43,108,921$840,940$0$34,747,157
74$47,387,319$763,434$0$38,181,274
75$52,098,375$678,392$0$41,962,722
76$57,286,102$585,325$0$46,126,864
77$62,998,997$483,719$0$50,712,665
78$69,290,504$373,031$0$55,763,066
79$76,219,512$252,685$0$61,325,385
80$83,850,911$122,076$0$67,451,769
81$92,256,209$0$0$74,199,679
82$101,514,202$0$0$81,634,365
83$111,711,717$0$0$89,836,921
84$122,944,435$0$0$98,872,227
85$135,317,792$0$0$108,825,100
86$148,947,971$0$0$119,789,005
87$163,963,002$0$0$131,866,937
88$180,503,971$0$0$145,172,391
89$198,726,346$0$0$159,830,434
90$218,801,449$0$0$175,978,887
91$240,918,071$0$0$193,769,623
92$265,284,252$0$0$213,370,002
93$292,129,248$0$0$234,964,450
94$321,705,694$0$0$258,756,199
95$354,291,983$0$0$284,969,206
96$390,194,902$0$0$313,850,266
97$429,752,521$0$0$345,671,341
98$473,337,385$0$0$380,732,129
99$521,360,034$0$0$419,362,889
100$574,272,873$0$0$461,927,564