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%16.8%
1 years$81,010$80,288$79,584$78,897$78,226$76,058
2 years$40,104$39,357$38,633$37,931$37,251$35,082
3 years$26,470$25,720$24,998$24,303$23,633$21,533
4 years$19,655$18,907$18,192$17,509$16,855$14,839
5 years$15,567$14,823$14,118$13,449$12,813$10,886
6 years$12,842$12,104$11,409$10,755$10,139$8,303
7 years$10,897$10,165$9,481$8,842$8,245$6,501
8 years$9,438$8,714$8,041$7,418$6,840$5,186
9 years$8,305$7,587$6,926$6,318$5,761$4,195
10 years$7,398$6,687$6,038$5,446$4,908$3,430
11 years$6,657$5,953$5,316$4,740$4,221$2,827
12 years$6,040$5,343$4,718$4,157$3,658$2,346
13 years$5,518$4,829$4,215$3,670$3,190$1,957
14 years$5,071$4,389$3,787$3,258$2,796$1,639
15 years$4,684$4,010$3,419$2,906$2,462$1,378
16 years$4,346$3,679$3,100$2,602$2,176$1,162
17 years$4,048$3,388$2,821$2,338$1,929$982
18 years$3,783$3,131$2,575$2,107$1,716$831
19 years$3,547$2,902$2,357$1,904$1,529$705
20 years$3,334$2,696$2,163$1,724$1,366$599
21 years$3,142$2,511$1,990$1,565$1,222$509
22 years$2,968$2,344$1,834$1,423$1,096$434
23 years$2,808$2,193$1,693$1,296$983$370
24 years$2,663$2,054$1,566$1,182$884$315
25 years$2,529$1,928$1,451$1,079$795$269
26 years$2,406$1,812$1,345$987$716$229
27 years$2,292$1,705$1,249$903$646$196
28 years$2,186$1,607$1,161$828$583$167
29 years$2,088$1,516$1,081$759$526$143
30 years$1,997$1,432$1,007$696$476$122
31 years$1,912$1,353$938$640$430$105
32 years$1,832$1,280$876$588$389$89
33 years$1,757$1,213$818$541$352$76
34 years$1,687$1,149$764$497$319$65
35 years$1,620$1,090$714$458$289$56
36 years$1,558$1,035$668$422$262$48
37 years$1,499$983$625$389$237$41
38 years$1,444$934$586$358$215$35
39 years$1,391$888$549$330$195$30
40 years$1,341$845$514$305$177$26
41 years$1,294$804$482$281$160$22
42 years$1,249$766$452$259$146$19
43 years$1,206$730$424$239$132$16
44 years$1,166$696$398$221$120$14
45 years$1,127$663$374$204$109$12
46 years$1,090$633$351$189$99$10
47 years$1,055$604$330$174$90$9
48 years$1,021$577$310$161$81$7
49 years$989$551$292$149$74$6
50 years$958$526$274$138$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $981,000, adding $3,421 every year, while hoping to spend $43,467 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: 72/10/18 Blend
29$981,000$981,000$981,000$981,000
30$1,084,591$1,032,598$1,017,392$1,157,845
31$1,148,970$1,036,947$1,005,226$1,211,319
32$1,218,460$1,040,051$991,196$1,264,293
33$1,293,535$1,041,806$975,193$1,321,195
34$1,374,717$1,042,096$957,104$1,382,404
35$1,462,581$1,040,802$936,810$1,448,343
36$1,557,758$1,037,795$914,187$1,519,475
37$1,660,942$1,032,939$889,104$1,596,314
38$1,772,896$1,026,091$861,427$1,679,423
39$1,894,459$1,017,097$831,013$1,769,427
40$2,026,555$1,005,796$797,712$1,867,014
41$2,170,198$992,014$761,370$1,972,943
42$2,326,506$975,571$721,824$2,088,050
43$2,496,709$956,273$678,904$2,213,260
44$2,682,159$933,916$632,433$2,349,591
45$2,884,344$908,283$582,225$2,498,168
46$3,104,903$879,145$528,085$2,660,230
47$3,345,640$846,259$469,812$2,837,145
48$3,608,538$809,370$407,195$3,030,423
49$3,895,784$768,204$340,011$3,241,727
50$4,209,784$722,475$268,031$3,472,894
51$4,553,185$671,880$191,013$3,725,949
52$4,928,904$616,096$108,706$4,003,125
53$5,340,152$554,785$20,847$4,306,885
54$5,790,465$487,587$0$4,639,948
55$6,283,737$414,123$0$5,019,313
56$6,824,257$333,993$0$5,439,465
57$7,416,745$246,773$0$5,900,099
58$8,066,405$152,017$0$6,405,293
59$8,778,965$49,252$0$6,959,544
60$9,560,733$0$0$7,567,805
61$10,418,661$0$0$8,242,360
62$11,360,404$0$0$8,988,813
63$12,394,394$0$0$9,808,435
64$13,529,921$0$0$10,708,596
65$14,777,218$0$0$11,697,414
66$16,147,557$0$0$12,783,832
67$17,653,357$0$0$13,977,703
68$19,308,299$0$0$15,289,881
69$21,127,456$0$0$16,732,325
70$23,127,433$0$0$18,318,209
71$25,326,524$0$0$20,062,047
72$27,744,886$0$0$21,979,831
73$30,404,724$0$0$24,089,180
74$33,330,507$0$0$26,409,506
75$36,549,191$0$0$28,962,197
76$40,090,479$0$0$31,770,819
77$43,987,096$0$0$34,861,335
78$48,275,100$0$0$38,262,357
79$52,994,223$0$0$42,005,405
80$58,188,241$0$0$46,125,213
81$63,905,390$0$0$50,660,052
82$70,198,819$0$0$55,652,092
83$77,127,093$0$0$61,147,798
84$84,754,743$0$0$67,198,371
85$93,152,875$0$0$73,860,227
86$102,399,840$0$0$81,195,533
87$112,581,975$0$0$89,272,790
88$123,794,415$0$0$98,167,479
89$136,141,989$0$0$107,962,775
90$149,740,213$0$0$118,750,332
91$164,716,376$0$0$130,631,143
92$181,210,741$0$0$143,716,497
93$199,377,870$0$0$158,129,028
94$219,388,080$0$0$174,003,871
95$241,429,053$0$0$191,489,937
96$265,707,601$0$0$210,751,319
97$292,451,625$0$0$231,968,837
98$321,912,256$0$0$255,341,751
99$354,366,236$0$0$281,089,632
100$390,118,517$0$0$309,454,443