Can I retire at age 30 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$80,845$80,125$79,422$78,736$78,067$76,087
2 years$40,022$39,277$38,554$37,854$37,175$35,193
3 years$26,416$25,668$24,947$24,253$23,585$21,663
4 years$19,615$18,869$18,155$17,473$16,821$14,974
5 years$15,535$14,793$14,089$13,421$12,787$11,020
6 years$12,816$12,080$11,386$10,733$10,118$8,433
7 years$10,875$10,145$9,462$8,824$8,229$6,625
8 years$9,419$8,696$8,024$7,402$6,826$5,304
9 years$8,288$7,571$6,911$6,305$5,749$4,306
10 years$7,383$6,674$6,026$5,435$4,898$3,534
11 years$6,644$5,941$5,305$4,730$4,213$2,924
12 years$6,028$5,332$4,708$4,149$3,651$2,436
13 years$5,507$4,819$4,206$3,663$3,183$2,040
14 years$5,061$4,380$3,779$3,252$2,791$1,716
15 years$4,675$4,002$3,412$2,900$2,457$1,449
16 years$4,337$3,671$3,094$2,596$2,172$1,227
17 years$4,040$3,381$2,815$2,333$1,925$1,041
18 years$3,776$3,124$2,570$2,102$1,712$886
19 years$3,540$2,896$2,353$1,900$1,526$755
20 years$3,327$2,691$2,159$1,721$1,363$644
21 years$3,136$2,506$1,986$1,562$1,220$550
22 years$2,961$2,340$1,830$1,420$1,093$470
23 years$2,803$2,188$1,690$1,293$981$403
24 years$2,657$2,050$1,563$1,179$882$345
25 years$2,524$1,924$1,448$1,077$794$296
26 years$2,401$1,808$1,343$985$715$254
27 years$2,287$1,702$1,247$901$645$218
28 years$2,182$1,604$1,159$826$582$187
29 years$2,084$1,513$1,079$757$525$160
30 years$1,993$1,429$1,005$695$475$138
31 years$1,908$1,351$937$638$429$118
32 years$1,828$1,278$874$587$388$102
33 years$1,753$1,210$816$539$351$88
34 years$1,683$1,147$762$496$318$75
35 years$1,617$1,088$713$457$288$65
36 years$1,555$1,033$667$421$261$56
37 years$1,496$981$624$388$237$48
38 years$1,441$932$584$357$214$41
39 years$1,388$886$548$330$194$35
40 years$1,338$843$513$304$176$30
41 years$1,291$803$481$280$160$26
42 years$1,246$764$451$259$145$23
43 years$1,204$728$424$239$132$19
44 years$1,163$694$398$221$120$17
45 years$1,125$662$373$204$109$14
46 years$1,088$632$351$188$99$12
47 years$1,052$603$329$174$90$11
48 years$1,019$575$310$161$81$9
49 years$987$549$291$148$74$8
50 years$956$525$274$137$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $979,000, adding $2,556 every year, while hoping to spend $58,980 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: 60/15/25 Blend
29$979,000$979,000$979,000$979,000
30$1,081,495$1,029,608$1,014,433$1,138,994
31$1,129,053$1,017,304$985,662$1,166,100
32$1,179,485$1,002,421$953,951$1,189,063
33$1,233,022$984,769$919,138$1,212,847
34$1,289,917$964,150$881,056$1,237,543
35$1,350,446$940,350$839,529$1,263,257
36$1,414,911$913,147$794,372$1,290,106
37$1,483,643$882,302$745,395$1,318,221
38$1,557,005$847,565$692,395$1,347,751
39$1,635,393$808,669$635,164$1,378,863
40$1,719,243$765,335$573,483$1,411,744
41$1,809,033$717,263$507,122$1,446,605
42$1,905,287$664,141$435,842$1,483,679
43$2,008,577$605,635$359,394$1,523,230
44$2,119,535$541,394$277,517$1,565,553
45$2,238,853$471,048$189,939$1,610,976
46$2,367,289$394,202$96,375$1,659,867
47$2,505,678$310,444$0$1,712,635
48$2,654,936$219,334$0$1,770,664
49$2,816,069$120,411$0$1,861,032
50$2,990,183$13,186$0$1,958,657
51$3,178,493$0$0$2,064,262
52$3,382,335$0$0$2,195,621
53$3,603,178$0$0$2,340,357
54$3,842,635$0$0$2,497,361
55$4,102,483$0$0$2,667,806
56$4,384,675$0$0$2,852,981
57$4,691,358$0$0$3,054,306
58$5,024,895$0$0$3,273,341
59$5,387,885$0$0$3,511,803
60$5,783,191$0$0$3,771,583
61$6,213,958$0$0$4,054,760
62$6,683,651$0$0$4,363,623
63$7,196,083$0$0$4,700,691
64$7,755,449$0$0$5,068,737
65$8,366,371$0$0$5,470,815
66$9,033,932$0$0$5,910,284
67$9,763,731$0$0$6,390,844
68$10,561,932$0$0$6,916,569
69$11,435,323$0$0$7,491,945
70$12,391,375$0$0$8,121,911
71$13,438,319$0$0$8,811,905
72$14,585,216$0$0$9,567,918
73$15,842,047$0$0$10,396,546
74$17,219,803$0$0$11,305,054
75$18,730,588$0$0$12,301,444
76$20,387,736$0$0$13,394,529
77$22,205,932$0$0$14,594,016
78$24,201,351$0$0$15,910,597
79$26,391,811$0$0$17,356,053
80$28,796,938$0$0$18,943,355
81$31,438,353$0$0$20,686,798
82$34,339,873$0$0$22,602,125
83$37,527,733$0$0$24,706,681
84$41,030,840$0$0$27,019,575
85$44,881,034$0$0$29,561,858
86$49,113,397$0$0$32,356,722
87$53,766,578$0$0$35,429,718
88$58,883,157$0$0$38,808,996
89$64,510,047$0$0$42,525,573
90$70,698,936$0$0$46,613,620
91$77,506,770$0$0$51,110,785
92$84,996,295$0$0$56,058,553
93$93,236,642$0$0$61,502,630
94$102,303,983$0$0$67,493,374
95$112,282,244$0$0$74,086,274
96$123,263,900$0$0$81,342,471
97$135,350,844$0$0$89,329,330
98$148,655,348$0$0$98,121,082
99$163,301,122$0$0$107,799,518
100$179,424,477$0$0$118,454,762