Can I retire at age 30 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$81,010$80,288$79,584$78,897$78,226$77,313
2 years$40,104$39,357$38,633$37,931$37,251$36,331
3 years$26,470$25,720$24,998$24,303$23,633$22,737
4 years$19,655$18,907$18,192$17,509$16,855$15,988
5 years$15,567$14,823$14,118$13,449$12,813$11,978
6 years$12,842$12,104$11,409$10,755$10,139$9,336
7 years$10,897$10,165$9,481$8,842$8,245$7,477
8 years$9,438$8,714$8,041$7,418$6,840$6,105
9 years$8,305$7,587$6,926$6,318$5,761$5,058
10 years$7,398$6,687$6,038$5,446$4,908$4,238
11 years$6,657$5,953$5,316$4,740$4,221$3,583
12 years$6,040$5,343$4,718$4,157$3,658$3,051
13 years$5,518$4,829$4,215$3,670$3,190$2,614
14 years$5,071$4,389$3,787$3,258$2,796$2,250
15 years$4,684$4,010$3,419$2,906$2,462$1,944
16 years$4,346$3,679$3,100$2,602$2,176$1,686
17 years$4,048$3,388$2,821$2,338$1,929$1,466
18 years$3,783$3,131$2,575$2,107$1,716$1,278
19 years$3,547$2,902$2,357$1,904$1,529$1,117
20 years$3,334$2,696$2,163$1,724$1,366$978
21 years$3,142$2,511$1,990$1,565$1,222$857
22 years$2,968$2,344$1,834$1,423$1,096$752
23 years$2,808$2,193$1,693$1,296$983$661
24 years$2,663$2,054$1,566$1,182$884$582
25 years$2,529$1,928$1,451$1,079$795$512
26 years$2,406$1,812$1,345$987$716$452
27 years$2,292$1,705$1,249$903$646$398
28 years$2,186$1,607$1,161$828$583$352
29 years$2,088$1,516$1,081$759$526$310
30 years$1,997$1,432$1,007$696$476$274
31 years$1,912$1,353$938$640$430$242
32 years$1,832$1,280$876$588$389$214
33 years$1,757$1,213$818$541$352$189
34 years$1,687$1,149$764$497$319$168
35 years$1,620$1,090$714$458$289$148
36 years$1,558$1,035$668$422$262$131
37 years$1,499$983$625$389$237$116
38 years$1,444$934$586$358$215$103
39 years$1,391$888$549$330$195$91
40 years$1,341$845$514$305$177$81
41 years$1,294$804$482$281$160$71
42 years$1,249$766$452$259$146$63
43 years$1,206$730$424$239$132$56
44 years$1,166$696$398$221$120$50
45 years$1,127$663$374$204$109$44
46 years$1,090$633$351$189$99$39
47 years$1,055$604$330$174$90$35
48 years$1,021$577$310$161$81$31
49 years$989$551$292$149$74$27
50 years$958$526$274$138$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $981,000, adding $3,998 every year, while hoping to spend $42,924 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: 61/32/7 Blend
29$981,000$981,000$981,000$981,000
30$1,085,186$1,033,193$1,017,987$1,149,621
31$1,150,204$1,038,149$1,006,419$1,198,150
32$1,220,415$1,041,908$993,025$1,245,756
33$1,296,304$1,044,369$977,698$1,296,606
34$1,378,403$1,045,419$960,327$1,351,014
35$1,467,298$1,044,941$940,795$1,409,323
36$1,563,630$1,042,812$918,980$1,471,918
37$1,668,109$1,038,898$894,754$1,539,219
38$1,781,512$1,033,059$867,984$1,611,693
39$1,904,694$1,025,147$838,529$1,689,855
40$2,038,597$1,015,004$806,244$1,774,275
41$2,184,257$1,002,462$770,976$1,865,581
42$2,342,812$987,343$732,564$1,964,468
43$2,515,516$969,460$690,843$2,071,705
44$2,703,748$948,614$645,636$2,188,138
45$2,909,028$924,593$596,762$2,314,704
46$3,133,025$897,174$544,029$2,452,439
47$3,377,578$866,121$487,239$2,602,484
48$3,644,714$831,183$426,184$2,766,102
49$3,936,659$792,096$360,646$2,944,688
50$4,255,869$748,579$290,399$3,139,779
51$4,605,045$700,337$215,205$3,353,076
52$4,987,162$647,056$134,816$3,586,457
53$5,405,496$588,405$48,976$3,841,992
54$5,863,653$524,033$0$4,121,971
55$6,365,607$453,572$0$4,432,103
56$6,915,731$376,629$0$4,776,103
57$7,518,845$292,793$0$5,153,410
58$8,180,253$201,626$0$5,567,445
59$8,905,802$102,669$0$6,021,982
60$9,701,928$0$0$6,521,184
61$10,575,723$0$0$7,071,255
62$11,534,997$0$0$7,714,903
63$12,588,355$0$0$8,421,757
64$13,745,273$0$0$9,198,189
65$15,016,194$0$0$10,051,215
66$16,412,619$0$0$10,988,567
67$17,947,221$0$0$12,018,760
68$19,633,957$0$0$13,151,178
69$21,488,209$0$0$14,396,157
70$23,526,919$0$0$15,765,086
71$25,768,755$0$0$17,270,513
72$28,234,284$0$0$18,926,261
73$30,946,167$0$0$20,747,561
74$33,929,369$0$0$22,751,194
75$37,211,399$0$0$24,955,651
76$40,822,565$0$0$27,381,303
77$44,796,261$0$0$30,050,597
78$49,169,282$0$0$32,988,265
79$53,982,172$0$0$36,221,560
80$59,279,601$0$0$39,780,509
81$65,110,792$0$0$43,698,197
82$71,529,982$0$0$48,011,081
83$78,596,933$0$0$52,759,334
84$86,377,497$0$0$57,987,218
85$94,944,233$0$0$63,743,510
86$104,377,098$0$0$70,081,953
87$114,764,194$0$0$77,061,771
88$126,202,604$0$0$84,748,221
89$138,799,305$0$0$93,213,213
90$152,672,176$0$0$102,535,985
91$167,951,113$0$0$112,803,853
92$184,779,253$0$0$124,113,033
93$203,314,322$0$0$136,569,551
94$223,730,128$0$0$150,290,238
95$246,218,194$0$0$165,403,838
96$270,989,573$0$0$182,052,222
97$298,276,831$0$0$200,391,723
98$328,336,249$0$0$220,594,613
99$361,450,236$0$0$242,850,731
100$397,929,996$0$0$267,369,269