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%11.4%
1 years$81,093$80,370$79,666$78,978$78,306$77,845
2 years$40,145$39,397$38,673$37,970$37,289$36,824
3 years$26,497$25,747$25,024$24,328$23,657$23,203
4 years$19,675$18,926$18,211$17,527$16,873$16,432
5 years$15,583$14,839$14,132$13,462$12,826$12,401
6 years$12,855$12,117$11,421$10,766$10,149$9,739
7 years$10,908$10,176$9,491$8,851$8,254$7,860
8 years$9,448$8,722$8,049$7,425$6,847$6,469
9 years$8,313$7,594$6,933$6,325$5,767$5,404
10 years$7,406$6,694$6,044$5,452$4,913$4,566
11 years$6,664$5,959$5,321$4,745$4,226$3,894
12 years$6,046$5,349$4,722$4,162$3,662$3,345
13 years$5,524$4,834$4,219$3,674$3,193$2,891
14 years$5,077$4,394$3,791$3,262$2,799$2,512
15 years$4,689$4,014$3,423$2,909$2,465$2,191
16 years$4,351$3,683$3,103$2,604$2,178$1,919
17 years$4,052$3,392$2,824$2,340$1,931$1,685
18 years$3,787$3,134$2,578$2,109$1,717$1,484
19 years$3,550$2,904$2,360$1,906$1,531$1,309
20 years$3,338$2,699$2,166$1,726$1,367$1,158
21 years$3,145$2,514$1,992$1,566$1,223$1,026
22 years$2,971$2,347$1,836$1,424$1,097$910
23 years$2,811$2,195$1,695$1,297$984$808
24 years$2,666$2,056$1,568$1,183$885$719
25 years$2,532$1,930$1,452$1,080$796$640
26 years$2,408$1,814$1,347$988$717$570
27 years$2,294$1,707$1,251$904$647$509
28 years$2,189$1,608$1,163$828$583$454
29 years$2,090$1,517$1,082$760$527$405
30 years$1,999$1,433$1,008$697$476$362
31 years$1,913$1,355$939$640$430$324
32 years$1,834$1,282$877$588$389$290
33 years$1,759$1,214$818$541$352$259
34 years$1,688$1,150$765$498$319$232
35 years$1,622$1,091$715$458$289$208
36 years$1,560$1,036$669$422$262$186
37 years$1,501$984$626$389$237$167
38 years$1,445$935$586$358$215$149
39 years$1,392$889$549$331$195$134
40 years$1,343$846$515$305$177$120
41 years$1,295$805$483$281$161$107
42 years$1,250$767$453$260$146$96
43 years$1,207$731$425$240$132$86
44 years$1,167$696$399$221$120$77
45 years$1,128$664$374$204$109$69
46 years$1,091$633$352$189$99$62
47 years$1,056$605$330$174$90$56
48 years$1,022$577$311$161$82$50
49 years$990$551$292$149$74$45
50 years$959$526$274$138$67$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $982,000, adding $3,695 every year, while hoping to spend $39,074 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: 40/43/17 Blend
29$982,000$982,000$982,000$982,000
30$1,085,975$1,033,929$1,018,708$1,123,797
31$1,155,170$1,043,017$1,011,261$1,160,155
32$1,230,114$1,051,241$1,002,254$1,195,406
33$1,311,351$1,058,517$991,595$1,232,716
34$1,399,480$1,064,756$979,185$1,272,291
35$1,495,161$1,069,864$964,922$1,314,363
36$1,599,120$1,073,739$948,699$1,359,185
37$1,712,153$1,076,275$930,403$1,407,043
38$1,835,137$1,077,358$909,916$1,458,250
39$1,969,039$1,076,866$887,116$1,513,156
40$2,114,921$1,074,672$861,874$1,572,150
41$2,273,951$1,070,639$834,056$1,635,661
42$2,447,417$1,064,623$803,519$1,704,166
43$2,636,734$1,056,471$770,118$1,778,196
44$2,843,462$1,046,018$733,697$1,858,336
45$3,069,315$1,033,094$694,097$1,945,237
46$3,316,184$1,017,514$651,148$2,039,620
47$3,586,149$999,086$604,675$2,142,284
48$3,881,499$977,604$554,494$2,254,113
49$4,204,755$952,850$500,413$2,376,087
50$4,558,695$924,595$442,232$2,509,292
51$4,946,377$892,595$379,742$2,654,927
52$5,371,166$856,591$312,722$2,814,324
53$5,836,773$816,311$240,946$2,988,953
54$6,347,280$771,467$164,174$3,180,444
55$6,907,187$721,753$82,158$3,390,597
56$7,521,447$666,846$0$3,621,405
57$8,195,518$606,405$0$3,876,047
58$8,935,411$540,069$0$4,171,953
59$9,747,748$467,458$0$4,496,950
60$10,639,822$388,167$0$4,854,074
61$11,619,669$301,772$0$5,246,672
62$12,696,139$207,823$0$5,678,443
63$13,878,985$105,845$0$6,153,472
64$15,178,947$0$0$6,676,267
65$16,607,861$0$0$7,254,011
66$18,178,766$0$0$7,944,364
67$19,906,025$0$0$8,703,571
68$21,805,464$0$0$9,538,607
69$23,894,521$0$0$10,457,157
70$26,192,406$0$0$11,467,684
71$28,720,285$0$0$12,579,519
72$31,501,480$0$0$13,802,938
73$34,561,687$0$0$15,149,265
74$37,929,217$0$0$16,630,978
75$41,635,265$0$0$18,261,825
76$45,714,204$0$0$20,056,955
77$50,203,907$0$0$22,033,059
78$55,146,106$0$0$24,208,531
79$60,586,784$0$0$26,603,635
80$66,576,607$0$0$29,240,705
81$73,171,407$0$0$32,144,345
82$80,432,701$0$0$35,341,671
83$88,428,279$0$0$38,862,560
84$97,232,836$0$0$42,739,935
85$106,928,682$0$0$47,010,074
86$117,606,513$0$0$51,712,954
87$129,366,274$0$0$56,892,624
88$142,318,093$0$0$62,597,627
89$156,583,325$0$0$68,881,451
90$172,295,698$0$0$75,803,041
91$189,602,571$0$0$83,427,346
92$208,666,325$0$0$91,825,940
93$229,665,897$0$0$101,077,695
94$252,798,468$0$0$111,269,523
95$278,281,320$0$0$122,497,196
96$306,353,891$0$0$134,866,256
97$337,280,032$0$0$148,493,001
98$371,350,498$0$0$163,505,591
99$408,885,691$0$0$180,045,254
100$450,238,683$0$0$198,267,619