Can I retire at age 30 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$81,175$80,452$79,747$79,058$78,386$76,121
2 years$40,186$39,437$38,712$38,009$37,327$35,062
3 years$26,524$25,773$25,049$24,353$23,682$21,489
4 years$19,695$18,946$18,229$17,545$16,890$14,787
5 years$15,599$14,854$14,147$13,476$12,839$10,831
6 years$12,868$12,129$11,433$10,777$10,159$8,247
7 years$10,919$10,186$9,501$8,860$8,262$6,446
8 years$9,458$8,731$8,057$7,433$6,854$5,134
9 years$8,322$7,602$6,940$6,331$5,772$4,145
10 years$7,413$6,701$6,050$5,457$4,918$3,383
11 years$6,671$5,965$5,327$4,750$4,230$2,783
12 years$6,052$5,354$4,727$4,166$3,666$2,305
13 years$5,530$4,839$4,223$3,678$3,196$1,919
14 years$5,082$4,398$3,795$3,265$2,802$1,604
15 years$4,694$4,018$3,426$2,912$2,467$1,345
16 years$4,355$3,686$3,106$2,607$2,180$1,132
17 years$4,056$3,395$2,827$2,342$1,933$954
18 years$3,791$3,137$2,580$2,111$1,719$806
19 years$3,554$2,907$2,362$1,907$1,532$683
20 years$3,341$2,702$2,168$1,728$1,369$578
21 years$3,148$2,517$1,994$1,568$1,225$491
22 years$2,974$2,349$1,838$1,426$1,098$417
23 years$2,814$2,197$1,697$1,298$985$354
24 years$2,668$2,059$1,569$1,184$886$301
25 years$2,534$1,932$1,454$1,081$797$256
26 years$2,411$1,816$1,348$989$718$218
27 years$2,297$1,709$1,252$905$647$186
28 years$2,191$1,610$1,164$829$584$159
29 years$2,093$1,519$1,083$760$527$135
30 years$2,001$1,434$1,009$698$477$115
31 years$1,915$1,356$940$641$431$98
32 years$1,835$1,283$877$589$390$84
33 years$1,760$1,215$819$542$353$72
34 years$1,690$1,152$765$498$319$61
35 years$1,624$1,092$716$459$289$52
36 years$1,561$1,037$669$423$262$44
37 years$1,502$985$627$389$238$38
38 years$1,447$936$587$359$215$32
39 years$1,394$890$550$331$195$28
40 years$1,344$847$515$305$177$24
41 years$1,297$806$483$282$161$20
42 years$1,252$768$453$260$146$17
43 years$1,209$731$425$240$132$15
44 years$1,168$697$399$221$120$13
45 years$1,129$665$375$205$109$11
46 years$1,092$634$352$189$99$9
47 years$1,057$605$331$175$90$8
48 years$1,023$578$311$161$82$7
49 years$991$552$292$149$74$6
50 years$960$527$275$138$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $983,000, adding $5,430 every year, while hoping to spend $41,671 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: 46/32/22 Blend
29$983,000$983,000$983,000$983,000
30$1,088,867$1,036,768$1,021,532$1,131,865
31$1,155,594$1,043,232$1,011,415$1,169,054
32$1,227,730$1,048,616$999,563$1,204,831
33$1,305,784$1,052,823$985,874$1,242,799
34$1,390,313$1,055,751$970,240$1,283,180
35$1,481,931$1,057,289$952,549$1,326,224
36$1,581,313$1,057,321$932,685$1,372,208
37$1,689,201$1,055,724$910,524$1,421,438
38$1,806,412$1,052,367$885,938$1,474,255
39$1,933,843$1,047,110$858,794$1,531,037
40$2,072,481$1,039,805$828,950$1,592,204
41$2,223,415$1,030,296$796,261$1,658,219
42$2,387,839$1,018,416$760,572$1,729,600
43$2,567,070$1,003,990$721,722$1,806,918
44$2,762,557$986,831$679,545$1,890,806
45$2,975,893$966,741$633,865$1,981,966
46$3,208,833$943,510$584,498$2,081,176
47$3,463,309$916,917$531,254$2,189,298
48$3,741,447$886,727$473,932$2,307,285
49$4,045,590$852,691$412,324$2,436,193
50$4,378,314$814,547$346,211$2,577,192
51$4,742,458$772,016$275,365$2,731,576
52$5,141,149$724,805$199,549$2,900,775
53$5,577,826$672,601$118,515$3,086,375
54$6,056,282$615,076$32,002$3,290,127
55$6,580,690$551,882$0$3,513,969
56$7,155,648$482,651$0$3,774,204
57$7,786,219$406,996$0$4,067,980
58$8,477,979$324,505$0$4,390,464
59$9,237,073$234,746$0$4,744,626
60$10,070,266$137,260$0$5,133,740
61$10,985,012$31,564$0$5,561,423
62$11,989,521$0$0$6,031,663
63$13,092,836$0$0$6,578,040
64$14,304,922$0$0$7,190,613
65$15,636,754$0$0$7,863,829
66$17,100,424$0$0$8,603,816
67$18,709,253$0$0$9,417,324
68$20,477,916$0$0$10,311,792
69$22,422,584$0$0$11,295,413
70$24,561,069$0$0$12,377,216
71$26,912,998$0$0$13,567,148
72$29,499,995$0$0$14,876,168
73$32,345,885$0$0$16,316,350
74$35,476,918$0$0$17,900,999
75$38,922,016$0$0$19,644,775
76$42,713,047$0$0$21,563,829
77$46,885,124$0$0$23,675,958
78$51,476,937$0$0$26,000,772
79$56,531,115$0$0$28,559,878
80$62,094,630$0$0$31,377,083
81$68,219,240$0$0$34,478,623
82$74,961,976$0$0$37,893,403
83$82,385,678$0$0$41,653,277
84$90,559,592$0$0$45,793,343
85$99,560,018$0$0$50,352,276
86$109,471,033$0$0$55,372,692
87$120,385,282$0$0$60,901,551
88$132,404,853$0$0$66,990,601
89$145,642,238$0$0$73,696,863
90$160,221,398$0$0$81,083,169
91$176,278,927$0$0$89,218,760
92$193,965,345$0$0$98,179,931
93$213,446,516$0$0$108,050,759
94$234,905,212$0$0$118,923,891
95$258,542,840$0$0$130,901,418
96$284,581,341$0$0$144,095,843
97$313,265,285$0$0$158,631,137
98$344,864,174$0$0$174,643,913
99$379,674,994$0$0$192,284,713
100$418,025,010$0$0$211,719,429