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%12.8%
1 years$81,175$80,452$79,747$79,058$78,386$77,471
2 years$40,186$39,437$38,712$38,009$37,327$36,405
3 years$26,524$25,773$25,049$24,353$23,682$22,783
4 years$19,695$18,946$18,229$17,545$16,890$16,021
5 years$15,599$14,854$14,147$13,476$12,839$12,002
6 years$12,868$12,129$11,433$10,777$10,159$9,355
7 years$10,919$10,186$9,501$8,860$8,262$7,492
8 years$9,458$8,731$8,057$7,433$6,854$6,117
9 years$8,322$7,602$6,940$6,331$5,772$5,068
10 years$7,413$6,701$6,050$5,457$4,918$4,247
11 years$6,671$5,965$5,327$4,750$4,230$3,590
12 years$6,052$5,354$4,727$4,166$3,666$3,057
13 years$5,530$4,839$4,223$3,678$3,196$2,619
14 years$5,082$4,398$3,795$3,265$2,802$2,254
15 years$4,694$4,018$3,426$2,912$2,467$1,948
16 years$4,355$3,686$3,106$2,607$2,180$1,689
17 years$4,056$3,395$2,827$2,342$1,933$1,469
18 years$3,791$3,137$2,580$2,111$1,719$1,281
19 years$3,554$2,907$2,362$1,907$1,532$1,119
20 years$3,341$2,702$2,168$1,728$1,369$980
21 years$3,148$2,517$1,994$1,568$1,225$859
22 years$2,974$2,349$1,838$1,426$1,098$754
23 years$2,814$2,197$1,697$1,298$985$663
24 years$2,668$2,059$1,569$1,184$886$583
25 years$2,534$1,932$1,454$1,081$797$514
26 years$2,411$1,816$1,348$989$718$453
27 years$2,297$1,709$1,252$905$647$399
28 years$2,191$1,610$1,164$829$584$352
29 years$2,093$1,519$1,083$760$527$311
30 years$2,001$1,434$1,009$698$477$275
31 years$1,915$1,356$940$641$431$243
32 years$1,835$1,283$877$589$390$215
33 years$1,760$1,215$819$542$353$190
34 years$1,690$1,152$765$498$319$168
35 years$1,624$1,092$716$459$289$149
36 years$1,561$1,037$669$423$262$132
37 years$1,502$985$627$389$238$116
38 years$1,447$936$587$359$215$103
39 years$1,394$890$550$331$195$91
40 years$1,344$847$515$305$177$81
41 years$1,297$806$483$282$161$72
42 years$1,252$768$453$260$146$63
43 years$1,209$731$425$240$132$56
44 years$1,168$697$399$221$120$50
45 years$1,129$665$375$205$109$44
46 years$1,092$634$352$189$99$39
47 years$1,057$605$331$175$90$35
48 years$1,023$578$311$161$82$31
49 years$991$552$292$149$74$27
50 years$960$527$275$138$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $983,000, adding $2,711 every year, while hoping to spend $54,546 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: 57/24/19 Blend
29$983,000$983,000$983,000$983,000
30$1,086,062$1,033,963$1,018,727$1,142,339
31$1,138,804$1,026,591$994,818$1,173,557
32$1,195,098$1,017,029$968,279$1,201,438
33$1,255,247$1,005,113$938,966$1,230,608
34$1,319,587$990,668$906,726$1,261,203
35$1,388,483$973,509$871,400$1,293,375
36$1,462,336$953,440$832,820$1,327,295
37$1,541,588$930,252$790,813$1,363,153
38$1,626,722$903,726$745,197$1,401,161
39$1,718,268$873,628$695,781$1,441,557
40$1,816,808$839,713$642,367$1,484,606
41$1,922,983$801,720$584,747$1,530,603
42$2,037,495$759,372$522,703$1,579,878
43$2,161,115$712,377$456,010$1,632,797
44$2,294,693$660,427$384,430$1,689,770
45$2,439,159$603,196$307,716$1,751,251
46$2,595,539$540,338$225,610$1,817,747
47$2,764,959$471,489$137,842$1,889,821
48$2,948,656$396,264$44,132$1,968,097
49$3,147,993$314,255$0$2,053,272
50$3,364,468$225,033$0$2,157,446
51$3,599,728$128,143$0$2,280,434
52$3,855,585$23,107$0$2,414,296
53$4,134,033$0$0$2,560,156
54$4,437,265$0$0$2,743,181
55$4,767,697$0$0$2,949,351
56$5,127,984$0$0$3,174,231
57$5,521,051$0$0$3,419,656
58$5,950,116$0$0$3,687,646
59$6,418,722$0$0$3,980,426
60$6,930,770$0$0$4,300,443
61$7,490,552$0$0$4,650,394
62$8,102,797$0$0$5,033,246
63$8,772,709$0$0$5,452,266
64$9,506,020$0$0$5,911,054
65$10,309,042$0$0$6,413,573
66$11,188,724$0$0$6,964,185
67$12,152,721$0$0$7,567,697
68$13,209,462$0$0$8,229,402
69$14,368,231$0$0$8,955,130
70$15,639,254$0$0$9,751,301
71$17,033,794$0$0$10,624,988
72$18,564,255$0$0$11,583,982
73$20,244,304$0$0$12,636,863
74$22,088,992$0$0$13,793,084
75$24,114,901$0$0$15,063,059
76$26,340,296$0$0$16,458,258
77$28,785,301$0$0$17,991,319
78$31,472,083$0$0$19,676,163
79$34,425,063$0$0$21,528,127
80$37,671,146$0$0$23,564,109
81$41,239,974$0$0$25,802,725
82$45,164,202$0$0$28,264,485
83$49,479,811$0$0$30,971,985
84$54,226,441$0$0$33,950,123
85$59,447,767$0$0$37,226,329
86$65,191,912$0$0$40,830,828
87$71,511,893$0$0$44,796,918
88$78,466,131$0$0$49,161,292
89$86,118,992$0$0$53,964,378
90$94,541,397$0$0$59,250,720
91$103,811,494$0$0$65,069,401
92$114,015,387$0$0$71,474,504
93$125,247,954$0$0$78,525,620
94$137,613,736$0$0$86,288,413
95$151,227,929$0$0$94,835,235
96$166,217,464$0$0$104,245,813
97$182,722,207$0$0$114,607,999
98$200,896,275$0$0$126,018,594
99$220,909,496$0$0$138,584,268
100$242,949,002$0$0$152,422,561