Can I retire at age 30 with 980,000?

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 $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%17.9%
1 years$80,927$80,207$79,503$78,817$78,147$75,645
2 years$40,063$39,317$38,594$37,893$37,213$34,715
3 years$26,443$25,694$24,973$24,278$23,609$21,195
4 years$19,635$18,888$18,174$17,491$16,838$14,525
5 years$15,551$14,808$14,104$13,435$12,800$10,594
6 years$12,829$12,092$11,398$10,744$10,128$8,032
7 years$10,886$10,155$9,472$8,833$8,237$6,250
8 years$9,429$8,705$8,033$7,410$6,833$4,954
9 years$8,296$7,579$6,919$6,312$5,755$3,980
10 years$7,391$6,680$6,032$5,441$4,903$3,232
11 years$6,650$5,947$5,310$4,735$4,217$2,645
12 years$6,034$5,338$4,713$4,153$3,654$2,179
13 years$5,513$4,824$4,211$3,667$3,187$1,804
14 years$5,066$4,385$3,783$3,255$2,793$1,500
15 years$4,680$4,006$3,416$2,903$2,460$1,251
16 years$4,342$3,675$3,097$2,599$2,174$1,047
17 years$4,044$3,385$2,818$2,335$1,927$877
18 years$3,779$3,128$2,572$2,105$1,714$737
19 years$3,543$2,899$2,355$1,902$1,528$620
20 years$3,331$2,693$2,161$1,722$1,364$522
21 years$3,139$2,509$1,988$1,563$1,221$440
22 years$2,964$2,342$1,832$1,421$1,094$372
23 years$2,806$2,190$1,692$1,294$982$314
24 years$2,660$2,052$1,565$1,181$883$265
25 years$2,527$1,926$1,449$1,078$795$224
26 years$2,403$1,810$1,344$986$716$190
27 years$2,290$1,703$1,248$902$645$161
28 years$2,184$1,605$1,160$827$582$136
29 years$2,086$1,514$1,080$758$526$115
30 years$1,995$1,430$1,006$696$475$98
31 years$1,910$1,352$938$639$430$83
32 years$1,830$1,279$875$587$389$70
33 years$1,755$1,211$817$540$352$59
34 years$1,685$1,148$763$497$318$50
35 years$1,619$1,089$713$457$288$43
36 years$1,556$1,034$667$421$261$36
37 years$1,498$982$625$388$237$31
38 years$1,442$933$585$358$215$26
39 years$1,390$887$548$330$195$22
40 years$1,340$844$514$304$177$19
41 years$1,293$803$482$281$160$16
42 years$1,248$765$452$259$145$13
43 years$1,205$729$424$239$132$11
44 years$1,164$695$398$221$120$10
45 years$1,126$663$374$204$109$8
46 years$1,089$632$351$188$99$7
47 years$1,054$603$330$174$90$6
48 years$1,020$576$310$161$81$5
49 years$988$550$291$149$74$4
50 years$957$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $980,000, adding $2,788 every year, while hoping to spend $20,753 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: 69/15/16 Blend
29$980,000$980,000$980,000$980,000
30$1,082,836$1,030,896$1,015,706$1,153,296
31$1,171,204$1,059,329$1,027,651$1,229,013
32$1,267,890$1,088,459$1,039,301$1,309,099
33$1,373,721$1,118,300$1,050,623$1,396,198
34$1,489,606$1,148,862$1,061,585$1,490,998
35$1,616,549$1,180,159$1,072,151$1,594,257
36$1,755,652$1,212,202$1,082,283$1,706,811
37$1,908,131$1,245,003$1,091,942$1,829,580
38$2,075,326$1,278,573$1,101,087$1,963,575
39$2,258,710$1,312,924$1,109,674$2,109,913
40$2,459,908$1,348,066$1,117,658$2,269,824
41$2,680,708$1,384,012$1,124,989$2,444,661
42$2,923,082$1,420,770$1,131,618$2,635,916
43$3,189,199$1,458,351$1,137,490$2,845,232
44$3,481,452$1,496,764$1,142,550$3,074,420
45$3,802,473$1,536,018$1,146,739$3,325,474
46$4,155,164$1,576,122$1,149,994$3,600,591
47$4,542,723$1,617,084$1,152,250$3,902,193
48$4,968,670$1,658,910$1,153,440$4,232,948
49$5,436,885$1,701,608$1,153,491$4,595,794
50$5,951,642$1,745,182$1,152,328$4,993,971
51$6,517,651$1,789,637$1,149,873$5,431,046
52$7,140,100$1,834,977$1,146,041$5,910,951
53$7,824,704$1,881,205$1,140,748$6,438,020
54$8,577,762$1,928,322$1,133,901$7,017,026
55$9,406,212$1,976,328$1,125,405$7,653,230
56$10,317,700$2,025,223$1,115,160$8,352,428
57$11,320,649$2,075,003$1,103,062$9,121,008
58$12,424,341$2,125,664$1,089,001$9,966,010
59$13,639,003$2,177,201$1,072,861$10,895,188
60$14,975,903$2,229,605$1,054,524$11,917,092
61$16,447,457$2,282,868$1,033,862$13,041,138
62$18,067,346$2,336,976$1,010,745$14,277,707
63$19,850,644$2,391,917$985,034$15,638,236
64$21,813,962$2,447,674$956,585$17,135,329
65$23,975,603$2,504,226$925,247$18,782,875
66$26,355,735$2,561,554$890,863$20,596,180
67$28,976,581$2,619,631$853,268$22,592,112
68$31,862,629$2,678,429$812,289$24,789,257
69$35,040,863$2,737,918$767,746$27,208,099
70$38,541,016$2,798,061$719,451$29,871,211
71$42,395,853$2,858,819$667,206$32,803,467
72$46,641,478$2,920,150$610,806$36,032,279
73$51,317,677$2,982,006$550,036$39,587,858
74$56,468,290$3,044,333$484,672$43,503,491
75$62,141,625$3,107,075$414,478$47,815,867
76$68,390,918$3,170,169$339,210$52,565,412
77$75,274,830$3,233,546$258,613$57,796,679
78$82,858,005$3,297,132$172,418$63,558,767
79$91,211,676$3,360,846$80,348$69,905,780
80$100,414,339$3,424,599$0$76,897,344
81$110,552,494$3,488,297$0$84,602,224
82$121,721,462$3,551,837$0$93,104,612
83$134,026,282$3,615,108$0$102,470,628
84$147,582,704$3,677,990$0$112,788,268
85$162,518,282$3,740,354$0$124,154,500
86$178,973,577$3,802,061$0$136,676,181
87$197,103,482$3,862,962$0$150,471,066
88$217,078,687$3,922,898$0$165,668,919
89$239,087,289$3,981,695$0$182,412,736
90$263,336,565$4,039,171$0$200,860,099
91$290,054,933$4,095,128$0$221,184,659
92$319,494,102$4,149,355$0$243,577,779
93$351,931,453$4,201,627$0$268,250,338
94$387,672,656$4,251,702$0$295,434,722
95$427,054,555$4,299,322$0$325,387,019
96$470,448,344$4,344,214$0$358,389,436
97$518,263,078$4,386,083$0$394,752,962
98$570,949,529$4,424,618$0$434,820,305
99$629,004,441$4,459,485$0$478,969,129
100$692,975,223$4,490,329$0$527,615,614