Can I retire at age 30 with 981,000?

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 $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%14.2%
1 years$81,010$80,288$79,584$78,897$78,226$76,867
2 years$40,104$39,357$38,633$37,931$37,251$35,886
3 years$26,470$25,720$24,998$24,303$23,633$22,305
4 years$19,655$18,907$18,192$17,509$16,855$15,574
5 years$15,567$14,823$14,118$13,449$12,813$11,583
6 years$12,842$12,104$11,409$10,755$10,139$8,960
7 years$10,897$10,165$9,481$8,842$8,245$7,119
8 years$9,438$8,714$8,041$7,418$6,840$5,766
9 years$8,305$7,587$6,926$6,318$5,761$4,738
10 years$7,398$6,687$6,038$5,446$4,908$3,937
11 years$6,657$5,953$5,316$4,740$4,221$3,299
12 years$6,040$5,343$4,718$4,157$3,658$2,784
13 years$5,518$4,829$4,215$3,670$3,190$2,363
14 years$5,071$4,389$3,787$3,258$2,796$2,015
15 years$4,684$4,010$3,419$2,906$2,462$1,725
16 years$4,346$3,679$3,100$2,602$2,176$1,481
17 years$4,048$3,388$2,821$2,338$1,929$1,276
18 years$3,783$3,131$2,575$2,107$1,716$1,101
19 years$3,547$2,902$2,357$1,904$1,529$952
20 years$3,334$2,696$2,163$1,724$1,366$825
21 years$3,142$2,511$1,990$1,565$1,222$716
22 years$2,968$2,344$1,834$1,423$1,096$621
23 years$2,808$2,193$1,693$1,296$983$540
24 years$2,663$2,054$1,566$1,182$884$470
25 years$2,529$1,928$1,451$1,079$795$410
26 years$2,406$1,812$1,345$987$716$357
27 years$2,292$1,705$1,249$903$646$311
28 years$2,186$1,607$1,161$828$583$272
29 years$2,088$1,516$1,081$759$526$237
30 years$1,997$1,432$1,007$696$476$207
31 years$1,912$1,353$938$640$430$181
32 years$1,832$1,280$876$588$389$158
33 years$1,757$1,213$818$541$352$138
34 years$1,687$1,149$764$497$319$121
35 years$1,620$1,090$714$458$289$106
36 years$1,558$1,035$668$422$262$92
37 years$1,499$983$625$389$237$81
38 years$1,444$934$586$358$215$71
39 years$1,391$888$549$330$195$62
40 years$1,341$845$514$305$177$54
41 years$1,294$804$482$281$160$47
42 years$1,249$766$452$259$146$41
43 years$1,206$730$424$239$132$36
44 years$1,166$696$398$221$120$32
45 years$1,127$663$374$204$109$28
46 years$1,090$633$351$189$99$24
47 years$1,055$604$330$174$90$21
48 years$1,021$577$310$161$81$19
49 years$989$551$292$149$74$16
50 years$958$526$274$138$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $981,000, adding $3,363 every year, while hoping to spend $30,733 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: 48/29/23 Blend
29$981,000$981,000$981,000$981,000
30$1,084,531$1,032,538$1,017,332$1,129,361
31$1,162,453$1,050,433$1,018,713$1,178,914
32$1,247,294$1,068,174$1,019,111$1,229,356
33$1,339,726$1,085,722$1,018,459$1,283,508
34$1,440,490$1,103,035$1,016,689$1,341,731
35$1,550,401$1,120,065$1,013,729$1,404,427
36$1,670,357$1,136,763$1,009,504$1,472,037
37$1,801,346$1,153,077$1,003,935$1,545,050
38$1,944,455$1,168,950$996,939$1,624,002
39$2,100,881$1,184,320$988,428$1,709,489
40$2,271,943$1,199,124$978,313$1,802,166
41$2,459,092$1,213,291$966,496$1,902,758
42$2,663,924$1,226,748$952,879$2,012,062
43$2,888,202$1,239,415$937,358$2,130,963
44$3,133,860$1,251,209$919,821$2,260,432
45$3,403,035$1,262,039$900,156$2,401,544
46$3,698,075$1,271,809$878,242$2,555,484
47$4,021,569$1,280,419$853,954$2,723,561
48$4,376,368$1,287,758$827,160$2,907,219
49$4,765,611$1,293,711$797,723$3,108,051
50$5,192,757$1,298,157$765,500$3,327,814
51$5,661,615$1,300,963$730,341$3,568,449
52$6,176,381$1,301,991$692,089$3,832,095
53$6,741,677$1,301,094$650,579$4,121,115
54$7,362,596$1,298,116$605,642$4,438,112
55$8,044,746$1,292,889$557,096$4,785,962
56$8,794,308$1,285,238$504,756$5,167,835
57$9,618,088$1,274,976$448,427$5,587,228
58$10,523,587$1,261,903$387,903$6,048,001
59$11,519,067$1,245,811$322,971$6,554,409
60$12,613,631$1,226,475$253,410$7,111,146
61$13,817,309$1,203,659$178,987$7,723,391
62$15,141,150$1,177,114$99,459$8,396,856
63$16,597,329$1,146,575$14,572$9,137,839
64$18,199,259$1,111,760$0$9,953,288
65$19,961,720$1,072,372$0$10,869,519
66$21,900,995$1,028,098$0$11,881,356
67$24,035,027$978,605$0$12,994,608
68$26,383,583$923,540$0$14,219,624
69$28,968,448$862,533$0$15,567,814
70$31,813,621$795,189$0$17,051,751
71$34,945,549$721,092$0$18,685,299
72$38,393,373$639,803$0$20,483,737
73$42,189,201$550,857$0$22,463,907
74$46,368,414$453,764$0$24,644,375
75$50,969,999$348,004$0$27,045,604
76$56,036,913$233,031$0$29,690,150
77$61,616,493$108,265$0$32,602,876
78$67,760,901$0$0$35,811,186
79$74,527,613$0$0$39,353,873
80$81,979,966$0$0$43,293,720
81$90,187,751$0$0$47,633,092
82$99,227,873$0$0$52,412,667
83$109,185,079$0$0$57,677,271
84$120,152,752$0$0$63,476,298
85$132,233,798$0$0$69,864,177
86$145,541,613$0$0$76,900,889
87$160,201,154$0$0$84,652,528
88$176,350,118$0$0$93,191,929
89$194,140,243$0$0$102,599,351
90$213,738,736$0$0$112,963,239
91$235,329,856$0$0$124,381,053
92$259,116,648$0$0$136,960,195
93$285,322,862$0$0$150,819,017
94$314,195,063$0$0$166,087,937
95$346,004,961$0$0$182,910,677
96$381,051,971$0$0$201,445,613
97$419,666,044$0$0$221,867,270
98$462,210,775$0$0$244,367,973
99$509,086,841$0$0$269,159,661
100$560,735,778$0$0$296,475,886