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%17%
1 years$80,845$80,125$79,422$78,736$78,067$75,841
2 years$40,022$39,277$38,554$37,854$37,175$34,950
3 years$26,416$25,668$24,947$24,253$23,585$21,431
4 years$19,615$18,869$18,155$17,473$16,821$14,754
5 years$15,535$14,793$14,089$13,421$12,787$10,812
6 years$12,816$12,080$11,386$10,733$10,118$8,238
7 years$10,875$10,145$9,462$8,824$8,229$6,443
8 years$9,419$8,696$8,024$7,402$6,826$5,134
9 years$8,288$7,571$6,911$6,305$5,749$4,148
10 years$7,383$6,674$6,026$5,435$4,898$3,387
11 years$6,644$5,941$5,305$4,730$4,213$2,788
12 years$6,028$5,332$4,708$4,149$3,651$2,311
13 years$5,507$4,819$4,206$3,663$3,183$1,925
14 years$5,061$4,380$3,779$3,252$2,791$1,610
15 years$4,675$4,002$3,412$2,900$2,457$1,352
16 years$4,337$3,671$3,094$2,596$2,172$1,138
17 years$4,040$3,381$2,815$2,333$1,925$960
18 years$3,776$3,124$2,570$2,102$1,712$812
19 years$3,540$2,896$2,353$1,900$1,526$688
20 years$3,327$2,691$2,159$1,721$1,363$583
21 years$3,136$2,506$1,986$1,562$1,220$495
22 years$2,961$2,340$1,830$1,420$1,093$421
23 years$2,803$2,188$1,690$1,293$981$358
24 years$2,657$2,050$1,563$1,179$882$305
25 years$2,524$1,924$1,448$1,077$794$260
26 years$2,401$1,808$1,343$985$715$221
27 years$2,287$1,702$1,247$901$645$189
28 years$2,182$1,604$1,159$826$582$161
29 years$2,084$1,513$1,079$757$525$137
30 years$1,993$1,429$1,005$695$475$117
31 years$1,908$1,351$937$638$429$100
32 years$1,828$1,278$874$587$388$85
33 years$1,753$1,210$816$539$351$73
34 years$1,683$1,147$762$496$318$62
35 years$1,617$1,088$713$457$288$53
36 years$1,555$1,033$667$421$261$45
37 years$1,496$981$624$388$237$39
38 years$1,441$932$584$357$214$33
39 years$1,388$886$548$330$194$28
40 years$1,338$843$513$304$176$24
41 years$1,291$803$481$280$160$21
42 years$1,246$764$451$259$145$18
43 years$1,204$728$424$239$132$15
44 years$1,163$694$398$221$120$13
45 years$1,125$662$373$204$109$11
46 years$1,088$632$351$188$99$9
47 years$1,052$603$329$174$90$8
48 years$1,019$575$310$161$81$7
49 years$987$549$291$148$74$6
50 years$956$525$274$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $979,000, adding $5,143 every year, while hoping to spend $59,400 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: 50/39/11 Blend
29$979,000$979,000$979,000$979,000
30$1,084,163$1,032,276$1,017,102$1,134,926
31$1,131,546$1,019,656$987,973$1,157,615
32$1,181,772$1,004,428$955,878$1,175,558
33$1,235,068$986,399$920,655$1,193,695
34$1,291,681$965,369$882,133$1,212,062
35$1,351,883$941,123$840,136$1,230,701
36$1,415,973$913,436$794,478$1,249,663
37$1,484,275$882,067$744,965$1,269,007
38$1,557,146$846,763$691,397$1,288,803
39$1,634,976$807,255$633,559$1,309,131
40$1,718,193$763,260$571,233$1,330,088
41$1,807,266$714,478$504,188$1,351,782
42$1,902,711$660,591$432,181$1,374,341
43$2,005,090$601,263$354,962$1,397,908
44$2,115,024$536,139$272,268$1,422,651
45$2,233,191$464,845$183,824$1,448,759
46$2,360,338$386,984$89,343$1,476,449
47$2,497,284$302,137$0$1,505,967
48$2,644,929$209,864$0$1,538,942
49$2,804,260$109,696$0$1,585,619
50$2,976,364$1,140$0$1,635,899
51$3,162,434$0$0$1,690,224
52$3,363,781$0$0$1,799,015
53$3,581,847$0$0$1,917,455
54$3,818,217$0$0$2,045,926
55$4,074,634$0$0$2,185,388
56$4,353,014$0$0$2,336,894
57$4,655,467$0$0$2,501,604
58$4,984,311$0$0$2,680,795
59$5,342,097$0$0$2,875,870
60$5,731,633$0$0$3,088,374
61$6,156,009$0$0$3,320,008
62$6,618,622$0$0$3,572,641
63$7,123,215$0$0$3,848,334
64$7,673,906$0$0$4,149,353
65$8,275,227$0$0$4,478,194
66$8,932,168$0$0$4,837,602
67$9,650,223$0$0$5,230,604
68$10,435,439$0$0$5,660,528
69$11,294,474$0$0$6,131,040
70$12,234,662$0$0$6,646,179
71$13,264,077$0$0$7,210,390
72$14,391,607$0$0$7,828,569
73$15,627,046$0$0$8,506,108
74$16,981,176$0$0$9,248,945
75$18,465,872$0$0$10,063,620
76$20,094,215$0$0$10,957,338
77$21,880,610$0$0$11,938,033
78$23,840,927$0$0$13,014,445
79$25,992,643$0$0$14,196,200
80$28,355,013$0$0$15,493,905
81$30,949,245$0$0$16,919,241
82$33,798,702$0$0$18,485,077
83$36,929,121$0$0$20,205,591
84$40,368,857$0$0$22,096,401
85$44,149,143$0$0$24,174,714
86$48,304,393$0$0$26,459,485
87$52,872,518$0$0$28,971,601
88$57,895,285$0$0$31,734,069
89$63,418,712$0$0$34,772,241
90$69,493,500$0$0$38,114,048
91$76,175,507$0$0$41,790,262
92$83,526,279$0$0$45,834,791
93$91,613,627$0$0$50,284,992
94$100,512,267$0$0$55,182,027
95$110,304,520$0$0$60,571,252
96$121,081,094$0$0$66,502,638
97$132,941,931$0$0$73,031,248
98$145,997,157$0$0$80,217,755
99$160,368,113$0$0$88,129,011
100$176,188,502$0$0$96,838,681