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%20%
1 years$81,093$80,370$79,666$78,978$78,306$75,170
2 years$40,145$39,397$38,673$37,970$37,289$34,168
3 years$26,497$25,747$25,024$24,328$23,657$20,651
4 years$19,675$18,926$18,211$17,527$16,873$14,003
5 years$15,583$14,839$14,132$13,462$12,826$10,101
6 years$12,855$12,117$11,421$10,766$10,149$7,570
7 years$10,908$10,176$9,491$8,851$8,254$5,820
8 years$9,448$8,722$8,049$7,425$6,847$4,556
9 years$8,313$7,594$6,933$6,325$5,767$3,614
10 years$7,406$6,694$6,044$5,452$4,913$2,896
11 years$6,664$5,959$5,321$4,745$4,226$2,338
12 years$6,046$5,349$4,722$4,162$3,662$1,899
13 years$5,524$4,834$4,219$3,674$3,193$1,550
14 years$5,077$4,394$3,791$3,262$2,799$1,270
15 years$4,689$4,014$3,423$2,909$2,465$1,044
16 years$4,351$3,683$3,103$2,604$2,178$860
17 years$4,052$3,392$2,824$2,340$1,931$710
18 years$3,787$3,134$2,578$2,109$1,717$587
19 years$3,550$2,904$2,360$1,906$1,531$486
20 years$3,338$2,699$2,166$1,726$1,367$403
21 years$3,145$2,514$1,992$1,566$1,223$334
22 years$2,971$2,347$1,836$1,424$1,097$277
23 years$2,811$2,195$1,695$1,297$984$230
24 years$2,666$2,056$1,568$1,183$885$192
25 years$2,532$1,930$1,452$1,080$796$159
26 years$2,408$1,814$1,347$988$717$132
27 years$2,294$1,707$1,251$904$647$110
28 years$2,189$1,608$1,163$828$583$92
29 years$2,090$1,517$1,082$760$527$76
30 years$1,999$1,433$1,008$697$476$64
31 years$1,913$1,355$939$640$430$53
32 years$1,834$1,282$877$588$389$44
33 years$1,759$1,214$818$541$352$37
34 years$1,688$1,150$765$498$319$31
35 years$1,622$1,091$715$458$289$25
36 years$1,560$1,036$669$422$262$21
37 years$1,501$984$626$389$237$18
38 years$1,445$935$586$358$215$15
39 years$1,392$889$549$331$195$12
40 years$1,343$846$515$305$177$10
41 years$1,295$805$483$281$161$9
42 years$1,250$767$453$260$146$7
43 years$1,207$731$425$240$132$6
44 years$1,167$696$399$221$120$5
45 years$1,128$664$374$204$109$4
46 years$1,091$633$352$189$99$3
47 years$1,056$605$330$174$90$3
48 years$1,022$577$311$161$82$2
49 years$990$551$292$149$74$2
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 $6,172 every year, while hoping to spend $29,454 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: 53/32/15 Blend
29$982,000$982,000$982,000$982,000
30$1,088,530$1,036,484$1,021,263$1,141,540
31$1,168,222$1,055,933$1,024,137$1,197,877
32$1,255,054$1,075,348$1,026,120$1,255,491
33$1,349,726$1,094,696$1,027,150$1,317,515
34$1,453,003$1,113,941$1,027,165$1,384,377
35$1,565,731$1,133,046$1,026,097$1,456,545
36$1,688,840$1,151,970$1,023,876$1,534,540
37$1,823,354$1,170,668$1,020,427$1,618,932
38$1,970,398$1,189,094$1,015,674$1,710,352
39$2,131,215$1,207,195$1,009,535$1,809,495
40$2,307,170$1,224,919$1,001,926$1,917,127
41$2,499,767$1,242,205$992,756$2,034,094
42$2,710,663$1,258,993$981,933$2,161,328
43$2,941,681$1,275,215$969,359$2,299,857
44$3,194,832$1,290,800$954,931$2,450,814
45$3,472,326$1,305,670$938,543$2,615,449
46$3,776,601$1,319,746$920,082$2,795,141
47$4,110,340$1,332,939$899,430$2,991,409
48$4,476,499$1,345,157$876,466$3,205,930
49$4,878,334$1,356,302$851,059$3,440,553
50$5,319,430$1,366,267$823,076$3,697,316
51$5,803,739$1,374,941$792,376$3,978,467
52$6,335,612$1,382,205$758,812$4,286,485
53$6,919,843$1,387,931$722,230$4,624,103
54$7,561,711$1,391,984$682,470$4,994,336
55$8,267,036$1,394,222$639,363$5,400,507
56$9,042,226$1,394,491$592,734$5,846,282
57$9,894,342$1,392,630$542,399$6,335,701
58$10,831,163$1,388,466$488,167$6,873,221
59$11,861,259$1,381,818$429,838$7,463,755
60$12,994,071$1,372,492$367,202$8,112,721
61$14,240,005$1,360,282$300,041$8,826,091
62$15,610,520$1,344,971$228,128$9,610,454
63$17,118,246$1,326,327$151,223$10,473,069
64$18,777,097$1,304,107$69,079$11,421,943
65$20,602,404$1,278,051$0$12,465,904
66$22,611,058$1,247,885$0$13,617,657
67$24,821,672$1,213,317$0$14,896,950
68$27,254,753$1,174,041$0$16,304,589
69$29,932,899$1,129,730$0$17,853,663
70$32,881,008$1,080,040$0$19,558,598
71$36,126,515$1,024,606$0$21,435,296
72$39,699,651$963,043$0$23,501,282
73$43,633,726$894,942$0$25,775,875
74$47,965,444$819,873$0$28,280,368
75$52,735,252$737,379$0$31,038,230
76$57,987,717$646,979$0$34,075,328
77$63,771,947$548,164$0$37,420,176
78$70,142,057$440,396$0$41,104,196
79$77,157,677$323,106$0$45,162,028
80$84,884,517$195,695$0$49,631,845
81$93,394,982$57,528$0$54,555,725
82$102,768,860$0$0$59,980,044
83$113,094,073$0$0$65,988,334
84$124,467,505$0$0$72,629,041
85$136,995,919$0$0$79,944,262
86$150,796,963$0$0$88,002,708
87$166,000,278$0$0$96,880,095
88$182,748,724$0$0$106,659,861
89$201,199,730$0$0$117,433,950
90$221,526,773$0$0$129,303,682
91$243,921,022$0$0$142,380,707
92$268,593,137$0$0$156,788,063
93$295,775,261$0$0$172,661,332
94$325,723,210$0$0$190,149,922
95$358,718,883$0$0$209,418,478
96$395,072,930$0$0$230,648,434
97$435,127,679$0$0$254,039,728
98$479,260,368$0$0$279,812,686
99$527,886,705$0$0$308,210,105
100$581,464,794$0$0$339,499,540