Can I retire at age 30 with 978,000?

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 $978,000?

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$80,762$80,043$79,341$78,656$77,987$77,463
2 years$39,981$39,237$38,515$37,815$37,137$36,608
3 years$26,389$25,642$24,922$24,229$23,561$23,045
4 years$19,595$18,849$18,137$17,455$16,804$16,303
5 years$15,519$14,778$14,075$13,407$12,774$12,291
6 years$12,803$12,067$11,375$10,722$10,108$9,642
7 years$10,863$10,134$9,452$8,815$8,220$7,773
8 years$9,410$8,687$8,016$7,395$6,820$6,391
9 years$8,279$7,563$6,904$6,299$5,743$5,332
10 years$7,376$6,667$6,019$5,430$4,893$4,500
11 years$6,637$5,935$5,299$4,725$4,208$3,833
12 years$6,022$5,327$4,703$4,145$3,647$3,289
13 years$5,501$4,814$4,202$3,659$3,180$2,839
14 years$5,056$4,376$3,775$3,248$2,788$2,463
15 years$4,670$3,997$3,409$2,897$2,455$2,146
16 years$4,333$3,668$3,091$2,594$2,169$1,876
17 years$4,036$3,378$2,812$2,331$1,923$1,645
18 years$3,772$3,121$2,567$2,100$1,710$1,447
19 years$3,536$2,893$2,350$1,898$1,524$1,275
20 years$3,324$2,688$2,157$1,719$1,362$1,126
21 years$3,132$2,504$1,984$1,560$1,219$996
22 years$2,958$2,337$1,828$1,418$1,092$882
23 years$2,800$2,186$1,688$1,292$980$783
24 years$2,655$2,048$1,561$1,178$881$695
25 years$2,521$1,922$1,446$1,076$793$618
26 years$2,399$1,806$1,341$984$714$550
27 years$2,285$1,700$1,245$900$644$489
28 years$2,180$1,602$1,158$825$581$436
29 years$2,082$1,511$1,077$757$525$389
30 years$1,991$1,427$1,004$694$474$347
31 years$1,906$1,349$936$638$429$310
32 years$1,826$1,277$873$586$388$276
33 years$1,751$1,209$815$539$351$247
34 years$1,681$1,146$762$496$318$221
35 years$1,615$1,087$712$456$288$197
36 years$1,553$1,032$666$420$261$176
37 years$1,495$980$623$387$236$158
38 years$1,439$931$584$357$214$141
39 years$1,387$885$547$329$194$126
40 years$1,337$842$513$304$176$113
41 years$1,290$802$481$280$160$101
42 years$1,245$764$451$259$145$90
43 years$1,203$728$423$239$132$81
44 years$1,162$694$397$220$119$72
45 years$1,123$661$373$204$108$65
46 years$1,087$631$350$188$98$58
47 years$1,051$602$329$174$89$52
48 years$1,018$575$309$160$81$47
49 years$986$549$291$148$74$42
50 years$955$524$273$137$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $978,000, adding $4,508 every year, while hoping to spend $41,719 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: 86/5/9 Blend
29$978,000$978,000$978,000$978,000
30$1,082,406$1,030,572$1,015,413$1,173,887
31$1,148,423$1,036,681$1,005,041$1,240,377
32$1,219,775$1,041,692$992,923$1,307,265
33$1,296,963$1,045,505$978,956$1,379,453
34$1,380,536$1,048,018$963,034$1,457,446
35$1,471,099$1,049,120$945,044$1,541,802
36$1,569,317$1,048,692$924,869$1,633,134
37$1,675,920$1,046,611$902,385$1,732,115
38$1,791,712$1,042,743$877,463$1,839,490
39$1,917,578$1,036,949$849,970$1,956,076
40$2,054,490$1,029,079$819,763$2,082,775
41$2,203,519$1,018,974$786,696$2,220,579
42$2,365,842$1,006,468$750,614$2,370,582
43$2,542,756$991,383$711,357$2,533,987
44$2,735,686$973,529$668,756$2,712,120
45$2,946,202$952,708$622,636$2,906,444
46$3,176,032$928,709$572,812$3,118,566
47$3,427,078$901,307$519,092$3,350,262
48$3,701,435$870,265$461,276$3,603,483
49$4,001,407$835,334$399,155$3,880,383
50$4,329,532$796,247$332,509$4,183,332
51$4,688,606$752,725$261,109$4,514,944
52$5,081,705$704,469$184,718$4,878,098
53$5,512,219$651,168$103,085$5,275,966
54$5,983,878$592,489$15,952$5,712,042
55$6,500,794$528,080$0$6,190,179
56$7,067,491$457,573$0$6,722,019
57$7,688,955$380,574$0$7,306,955
58$8,370,677$296,671$0$7,948,636
59$9,118,705$205,426$0$8,652,772
60$9,939,699$106,378$0$9,425,649
61$10,840,997$0$0$10,274,199
62$11,830,682$0$0$11,206,105
63$12,917,659$0$0$12,236,063
64$14,111,734$0$0$13,367,515
65$15,423,714$0$0$14,610,701
66$16,865,503$0$0$15,976,903
67$18,450,214$0$0$17,478,549
68$20,192,295$0$0$19,129,331
69$22,107,663$0$0$20,944,334
70$24,213,855$0$0$22,940,176
71$26,530,192$0$0$25,135,170
72$29,077,961$0$0$27,549,489
73$31,880,615$0$0$30,205,360
74$34,963,996$0$0$33,127,273
75$38,356,577$0$0$36,342,211
76$42,089,727$0$0$39,879,906
77$46,198,013$0$0$43,773,116
78$50,719,521$0$0$48,057,935
79$55,696,216$0$0$52,774,135
80$61,174,338$0$0$57,965,537
81$67,204,838$0$0$63,680,428
82$73,843,856$0$0$69,972,013
83$81,153,254$0$0$76,898,920
84$89,201,196$0$0$84,525,749
85$98,062,793$0$0$92,923,683
86$107,820,809$0$0$102,171,161
87$118,566,446$0$0$112,354,613
88$130,400,196$0$0$123,569,280
89$143,432,798$0$0$135,920,109
90$157,786,277$0$0$149,522,746
91$173,595,095$0$0$164,504,624
92$191,007,423$0$0$181,006,166
93$210,186,537$0$0$199,182,110
94$231,312,354$0$0$219,202,970
95$254,583,140$0$0$241,256,643
96$280,217,368$0$0$265,550,182
97$308,455,791$0$0$292,311,751
98$339,563,704$0$0$321,792,776
99$373,833,455$0$0$354,270,321
100$411,587,200$0$0$390,049,698