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%15.3%
1 years$80,845$80,125$79,422$78,736$78,067$76,366
2 years$40,022$39,277$38,554$37,854$37,175$35,469
3 years$26,416$25,668$24,947$24,253$23,585$21,929
4 years$19,615$18,869$18,155$17,473$16,821$15,227
5 years$15,535$14,793$14,089$13,421$12,787$11,259
6 years$12,816$12,080$11,386$10,733$10,118$8,658
7 years$10,875$10,145$9,462$8,824$8,229$6,837
8 years$9,419$8,696$8,024$7,402$6,826$5,502
9 years$8,288$7,571$6,911$6,305$5,749$4,492
10 years$7,383$6,674$6,026$5,435$4,898$3,706
11 years$6,644$5,941$5,305$4,730$4,213$3,085
12 years$6,028$5,332$4,708$4,149$3,651$2,585
13 years$5,507$4,819$4,206$3,663$3,183$2,178
14 years$5,061$4,380$3,779$3,252$2,791$1,843
15 years$4,675$4,002$3,412$2,900$2,457$1,566
16 years$4,337$3,671$3,094$2,596$2,172$1,334
17 years$4,040$3,381$2,815$2,333$1,925$1,140
18 years$3,776$3,124$2,570$2,102$1,712$976
19 years$3,540$2,896$2,353$1,900$1,526$837
20 years$3,327$2,691$2,159$1,721$1,363$719
21 years$3,136$2,506$1,986$1,562$1,220$619
22 years$2,961$2,340$1,830$1,420$1,093$533
23 years$2,803$2,188$1,690$1,293$981$459
24 years$2,657$2,050$1,563$1,179$882$396
25 years$2,524$1,924$1,448$1,077$794$342
26 years$2,401$1,808$1,343$985$715$296
27 years$2,287$1,702$1,247$901$645$256
28 years$2,182$1,604$1,159$826$582$221
29 years$2,084$1,513$1,079$757$525$191
30 years$1,993$1,429$1,005$695$475$166
31 years$1,908$1,351$937$638$429$143
32 years$1,828$1,278$874$587$388$124
33 years$1,753$1,210$816$539$351$107
34 years$1,683$1,147$762$496$318$93
35 years$1,617$1,088$713$457$288$81
36 years$1,555$1,033$667$421$261$70
37 years$1,496$981$624$388$237$61
38 years$1,441$932$584$357$214$52
39 years$1,388$886$548$330$194$45
40 years$1,338$843$513$304$176$39
41 years$1,291$803$481$280$160$34
42 years$1,246$764$451$259$145$30
43 years$1,204$728$424$239$132$26
44 years$1,163$694$398$221$120$22
45 years$1,125$662$373$204$109$19
46 years$1,088$632$351$188$99$17
47 years$1,052$603$329$174$90$15
48 years$1,019$575$310$161$81$13
49 years$987$549$291$148$74$11
50 years$956$525$274$137$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $979,000, adding $2,603 every year, while hoping to spend $21,535 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: 34/46/20 Blend
29$979,000$979,000$979,000$979,000
30$1,081,543$1,029,656$1,014,481$1,111,604
31$1,168,947$1,057,196$1,025,554$1,161,567
32$1,264,545$1,085,364$1,036,275$1,213,240
33$1,369,149$1,114,167$1,046,611$1,268,516
34$1,483,655$1,143,614$1,056,525$1,327,727
35$1,609,049$1,173,712$1,065,979$1,391,237
36$1,746,415$1,204,467$1,074,933$1,459,449
37$1,896,950$1,235,887$1,083,344$1,532,805
38$2,061,970$1,267,977$1,091,167$1,611,792
39$2,242,926$1,300,742$1,098,356$1,696,947
40$2,441,414$1,334,188$1,104,860$1,788,859
41$2,659,193$1,368,318$1,110,628$1,888,179
42$2,898,202$1,403,137$1,115,605$1,995,624
43$3,160,575$1,438,647$1,119,734$2,111,983
44$3,448,662$1,474,849$1,122,954$2,238,125
45$3,765,054$1,511,745$1,125,201$2,375,008
46$4,112,604$1,549,335$1,126,410$2,523,688
47$4,494,455$1,587,618$1,126,510$2,685,327
48$4,914,069$1,626,591$1,125,427$2,861,206
49$5,375,261$1,666,250$1,123,086$3,052,737
50$5,882,233$1,706,592$1,119,405$3,261,475
51$6,439,615$1,747,609$1,114,299$3,489,135
52$7,052,508$1,789,294$1,107,680$3,737,606
53$7,726,531$1,831,638$1,099,455$4,008,970
54$8,467,877$1,874,628$1,089,527$4,305,521
55$9,283,368$1,918,251$1,077,793$4,629,788
56$10,180,519$1,962,493$1,064,147$4,984,558
57$11,167,612$2,007,336$1,048,476$5,372,901
58$12,253,772$2,052,759$1,030,664$5,798,204
59$13,449,053$2,098,741$1,010,587$6,264,196
60$14,764,533$2,145,255$988,118$6,774,991
61$16,212,418$2,192,275$963,123$7,335,120
62$17,806,156$2,239,768$935,459$7,949,578
63$19,560,568$2,287,701$904,981$8,623,872
64$21,491,984$2,336,036$871,535$9,364,069
65$23,618,394$2,384,730$834,960$10,176,858
66$25,959,628$2,433,739$795,088$11,069,611
67$28,537,529$2,483,011$751,743$12,050,452
68$31,376,173$2,532,494$704,742$13,128,338
69$34,502,084$2,582,128$653,893$14,313,140
70$37,944,492$2,631,848$598,994$15,615,736
71$41,735,607$2,681,586$539,837$17,048,118
72$45,910,920$2,731,265$476,203$18,623,503
73$50,509,541$2,780,804$407,863$20,356,457
74$55,574,566$2,830,115$334,578$22,263,037
75$61,153,485$2,879,104$256,099$24,360,939
76$67,298,629$2,927,668$172,167$26,669,667
77$74,067,662$2,975,697$82,508$29,210,719
78$81,524,132$3,023,074$0$32,007,787
79$89,738,060$3,069,672$0$35,089,799
80$98,786,611$3,115,354$0$38,501,697
81$108,754,816$3,159,977$0$42,257,645
82$119,736,374$3,203,382$0$46,392,674
83$131,834,541$3,245,405$0$50,945,392
84$145,163,100$3,285,866$0$55,958,343
85$159,847,437$3,324,575$0$61,478,416
86$176,025,725$3,361,328$0$67,557,282
87$193,850,224$3,395,908$0$74,251,884
88$213,488,723$3,428,083$0$81,624,978
89$235,126,121$3,457,608$0$89,745,721
90$258,966,172$3,484,217$0$98,690,329
91$285,233,410$3,507,632$0$108,542,794
92$314,175,265$3,527,554$0$119,395,679
93$346,064,404$3,543,666$0$131,350,992
94$381,201,297$3,555,630$0$144,521,152
95$419,917,061$3,563,087$0$159,030,045
96$462,576,579$3,565,656$0$175,014,203
97$509,581,950$3,562,933$0$192,624,088
98$561,376,279$3,554,487$0$212,025,513
99$618,447,864$3,539,862$0$233,401,214
100$681,334,804$3,518,573$0$256,952,571