Can I retire at age 30 with 980,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$80,927$80,207$79,503$78,817$78,147$75,314
2 years$40,063$39,317$38,594$37,893$37,213$34,390
3 years$26,443$25,694$24,973$24,278$23,609$20,885
4 years$19,635$18,888$18,174$17,491$16,838$14,234
5 years$15,551$14,808$14,104$13,435$12,800$10,322
6 years$12,829$12,092$11,398$10,744$10,128$7,778
7 years$10,886$10,155$9,472$8,833$8,237$6,014
8 years$9,429$8,705$8,033$7,410$6,833$4,736
9 years$8,296$7,579$6,919$6,312$5,755$3,780
10 years$7,391$6,680$6,032$5,441$4,903$3,048
11 years$6,650$5,947$5,310$4,735$4,217$2,477
12 years$6,034$5,338$4,713$4,153$3,654$2,026
13 years$5,513$4,824$4,211$3,667$3,187$1,665
14 years$5,066$4,385$3,783$3,255$2,793$1,373
15 years$4,680$4,006$3,416$2,903$2,460$1,137
16 years$4,342$3,675$3,097$2,599$2,174$943
17 years$4,044$3,385$2,818$2,335$1,927$784
18 years$3,779$3,128$2,572$2,105$1,714$653
19 years$3,543$2,899$2,355$1,902$1,528$545
20 years$3,331$2,693$2,161$1,722$1,364$455
21 years$3,139$2,509$1,988$1,563$1,221$381
22 years$2,964$2,342$1,832$1,421$1,094$319
23 years$2,806$2,190$1,692$1,294$982$267
24 years$2,660$2,052$1,565$1,181$883$223
25 years$2,527$1,926$1,449$1,078$795$187
26 years$2,403$1,810$1,344$986$716$157
27 years$2,290$1,703$1,248$902$645$132
28 years$2,184$1,605$1,160$827$582$111
29 years$2,086$1,514$1,080$758$526$93
30 years$1,995$1,430$1,006$696$475$78
31 years$1,910$1,352$938$639$430$65
32 years$1,830$1,279$875$587$389$55
33 years$1,755$1,211$817$540$352$46
34 years$1,685$1,148$763$497$318$39
35 years$1,619$1,089$713$457$288$33
36 years$1,556$1,034$667$421$261$27
37 years$1,498$982$625$388$237$23
38 years$1,442$933$585$358$215$19
39 years$1,390$887$548$330$195$16
40 years$1,340$844$514$304$177$14
41 years$1,293$803$482$281$160$11
42 years$1,248$765$452$259$145$10
43 years$1,205$729$424$239$132$8
44 years$1,164$695$398$221$120$7
45 years$1,126$663$374$204$109$6
46 years$1,089$632$351$188$99$5
47 years$1,054$603$330$174$90$4
48 years$1,020$576$310$161$81$3
49 years$988$550$291$149$74$3
50 years$957$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $980,000, adding $3,227 every year, while hoping to spend $56,086 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: 57/33/10 Blend
29$980,000$980,000$980,000$980,000
30$1,083,289$1,031,349$1,016,159$1,142,240
31$1,134,109$1,022,210$990,525$1,173,243
32$1,188,233$1,010,743$962,153$1,200,485
33$1,245,939$996,776$930,891$1,228,817
34$1,307,531$980,124$896,582$1,258,350
35$1,373,343$960,593$859,061$1,289,210
36$1,443,738$937,977$818,154$1,321,537
37$1,519,120$912,058$773,682$1,355,489
38$1,599,926$882,604$725,456$1,391,242
39$1,686,638$849,372$673,279$1,428,995
40$1,779,787$812,103$616,945$1,468,968
41$1,879,951$770,522$556,239$1,511,411
42$1,987,769$724,340$490,936$1,556,599
43$2,103,940$673,252$420,801$1,604,842
44$2,229,233$616,932$345,589$1,656,486
45$2,364,493$555,040$265,045$1,711,918
46$2,510,648$487,214$178,900$1,771,566
47$2,668,717$413,070$86,876$1,835,911
48$2,839,822$332,206$0$1,905,488
49$3,025,195$244,195$0$1,982,100
50$3,226,190$148,587$0$2,075,172
51$3,444,299$44,905$0$2,176,196
52$3,681,159$0$0$2,286,027
53$3,938,574$0$0$2,430,072
54$4,218,525$0$0$2,604,538
55$4,523,196$0$0$2,794,488
56$4,854,987$0$0$3,001,427
57$5,216,538$0$0$3,227,014
58$5,610,757$0$0$3,473,073
59$6,040,844$0$0$3,741,613
60$6,510,320$0$0$4,034,844
61$7,023,062$0$0$4,355,200
62$7,583,337$0$0$4,705,358
63$8,195,844$0$0$5,088,270
64$8,865,755$0$0$5,507,182
65$9,598,766$0$0$5,965,671
66$10,401,149$0$0$6,467,673
67$11,279,808$0$0$7,017,525
68$12,242,350$0$0$7,620,001
69$13,297,149$0$0$8,280,360
70$14,453,430$0$0$9,004,395
71$15,721,350$0$0$9,798,483
72$17,112,098$0$0$10,669,650
73$18,637,998$0$0$11,625,637
74$20,312,626$0$0$12,674,965
75$22,150,931$0$0$13,827,026
76$24,169,387$0$0$15,092,163
77$26,386,135$0$0$16,481,769
78$28,821,163$0$0$18,008,396
79$31,496,488$0$0$19,685,872
80$34,436,367$0$0$21,529,430
81$37,667,521$0$0$23,555,852
82$41,219,391$0$0$25,783,628
83$45,124,409$0$0$28,233,127
84$49,418,310$0$0$30,926,791
85$54,140,461$0$0$33,889,346
86$59,334,239$0$0$37,148,034
87$65,047,432$0$0$40,732,871
88$71,332,696$0$0$44,676,927
89$78,248,046$0$0$49,016,640
90$85,857,402$0$0$53,792,158
91$94,231,197$0$0$59,047,716
92$103,447,034$0$0$64,832,058
93$113,590,419$0$0$71,198,889
94$124,755,572$0$0$78,207,386
95$137,046,306$0$0$85,922,755
96$150,577,014$0$0$94,416,847
97$165,473,742$0$0$103,768,829
98$181,875,378$0$0$114,065,940
99$199,934,966$0$0$125,404,306
100$219,821,144$0$0$137,889,850