Can I retire at age 30 with 982,000?

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 $982,000?

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$81,093$80,370$79,666$78,978$78,306$75,468
2 years$40,145$39,397$38,673$37,970$37,289$34,460
3 years$26,497$25,747$25,024$24,328$23,657$20,928
4 years$19,675$18,926$18,211$17,527$16,873$14,263
5 years$15,583$14,839$14,132$13,462$12,826$10,343
6 years$12,855$12,117$11,421$10,766$10,149$7,794
7 years$10,908$10,176$9,491$8,851$8,254$6,026
8 years$9,448$8,722$8,049$7,425$6,847$4,746
9 years$8,313$7,594$6,933$6,325$5,767$3,788
10 years$7,406$6,694$6,044$5,452$4,913$3,054
11 years$6,664$5,959$5,321$4,745$4,226$2,482
12 years$6,046$5,349$4,722$4,162$3,662$2,030
13 years$5,524$4,834$4,219$3,674$3,193$1,668
14 years$5,077$4,394$3,791$3,262$2,799$1,376
15 years$4,689$4,014$3,423$2,909$2,465$1,139
16 years$4,351$3,683$3,103$2,604$2,178$945
17 years$4,052$3,392$2,824$2,340$1,931$786
18 years$3,787$3,134$2,578$2,109$1,717$655
19 years$3,550$2,904$2,360$1,906$1,531$546
20 years$3,338$2,699$2,166$1,726$1,367$456
21 years$3,145$2,514$1,992$1,566$1,223$381
22 years$2,971$2,347$1,836$1,424$1,097$319
23 years$2,811$2,195$1,695$1,297$984$267
24 years$2,666$2,056$1,568$1,183$885$224
25 years$2,532$1,930$1,452$1,080$796$188
26 years$2,408$1,814$1,347$988$717$157
27 years$2,294$1,707$1,251$904$647$132
28 years$2,189$1,608$1,163$828$583$111
29 years$2,090$1,517$1,082$760$527$93
30 years$1,999$1,433$1,008$697$476$78
31 years$1,913$1,355$939$640$430$66
32 years$1,834$1,282$877$588$389$55
33 years$1,759$1,214$818$541$352$46
34 years$1,688$1,150$765$498$319$39
35 years$1,622$1,091$715$458$289$33
36 years$1,560$1,036$669$422$262$27
37 years$1,501$984$626$389$237$23
38 years$1,445$935$586$358$215$19
39 years$1,392$889$549$331$195$16
40 years$1,343$846$515$305$177$14
41 years$1,295$805$483$281$161$11
42 years$1,250$767$453$260$146$10
43 years$1,207$731$425$240$132$8
44 years$1,167$696$399$221$120$7
45 years$1,128$664$374$204$109$6
46 years$1,091$633$352$189$99$5
47 years$1,056$605$330$174$90$4
48 years$1,022$577$311$161$82$3
49 years$990$551$292$149$74$3
50 years$959$526$274$138$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $982,000, adding $2,222 every year, while hoping to spend $47,286 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: 53/28/19 Blend
29$982,000$982,000$982,000$982,000
30$1,084,456$1,032,410$1,017,189$1,136,197
31$1,144,759$1,032,686$1,000,953$1,172,211
32$1,209,627$1,031,391$982,588$1,206,229
33$1,279,478$1,028,398$961,973$1,242,220
34$1,354,767$1,023,571$938,982$1,280,386
35$1,435,996$1,016,769$913,480$1,320,952
36$1,523,716$1,007,840$885,331$1,364,168
37$1,618,533$996,622$854,387$1,410,313
38$1,721,113$982,945$820,498$1,459,696
39$1,832,186$966,630$783,505$1,512,659
40$1,952,558$947,484$743,241$1,569,584
41$2,083,113$925,304$699,534$1,630,894
42$2,224,823$899,877$652,201$1,697,058
43$2,378,758$870,974$601,053$1,768,598
44$2,546,096$838,356$545,893$1,846,092
45$2,728,130$801,768$486,512$1,930,179
46$2,926,285$760,940$422,696$2,021,572
47$3,142,128$715,589$354,219$2,121,057
48$3,377,384$665,412$280,844$2,229,508
49$3,633,952$610,091$202,327$2,347,891
50$3,913,919$549,289$118,409$2,477,277
51$4,219,586$482,652$28,823$2,618,852
52$4,553,485$409,803$0$2,773,931
53$4,918,401$330,344$0$2,957,504
54$5,317,403$243,856$0$3,164,759
55$5,753,869$149,896$0$3,391,688
56$6,231,519$47,996$0$3,640,326
57$6,754,447$0$0$3,912,920
58$7,327,165$0$0$4,231,157
59$7,954,639$0$0$4,596,116
60$8,642,338$0$0$4,996,203
61$9,396,286$0$0$5,434,934
62$10,223,119$0$0$5,916,182
63$11,130,144$0$0$6,444,215
64$12,125,410$0$0$7,023,731
65$13,217,782$0$0$7,659,908
66$14,417,028$0$0$8,358,447
67$15,733,904$0$0$9,125,630
68$17,180,260$0$0$9,968,376
69$18,769,153$0$0$10,894,308
70$20,514,963$0$0$11,911,823
71$22,433,532$0$0$13,030,174
72$24,542,317$0$0$14,259,551
73$26,860,545$0$0$15,611,184
74$29,409,402$0$0$17,097,445
75$32,212,228$0$0$18,731,962
76$35,294,740$0$0$20,529,753
77$38,685,269$0$0$22,507,364
78$42,415,031$0$0$24,683,024
79$46,518,421$0$0$27,076,818
80$51,033,334$0$0$29,710,877
81$56,001,525$0$0$32,609,585
82$61,468,998$0$0$35,799,810
83$67,486,447$0$0$39,311,155
84$74,109,724$0$0$43,176,240
85$81,400,376$0$0$47,431,007
86$89,426,215$0$0$52,115,060
87$98,261,964$0$0$57,272,038
88$107,989,959$0$0$62,950,027
89$118,700,926$0$0$69,202,013
90$130,494,835$0$0$76,086,381
91$143,481,845$0$0$83,667,465
92$157,783,341$0$0$92,016,158
93$173,533,079$0$0$101,210,579
94$190,878,449$0$0$111,336,807
95$209,981,865$0$0$122,489,697
96$231,022,294$0$0$134,773,772
97$254,196,949$0$0$148,304,212
98$279,723,146$0$0$163,207,937
99$307,840,355$0$0$179,624,809
100$338,812,461$0$0$197,708,946