Can I retire at age 30 with 983,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$81,175$80,452$79,747$79,058$78,386$76,835
2 years$40,186$39,437$38,712$38,009$37,327$35,770
3 years$26,524$25,773$25,049$24,353$23,682$22,169
4 years$19,695$18,946$18,229$17,545$16,890$15,432
5 years$15,599$14,854$14,147$13,476$12,839$11,441
6 years$12,868$12,129$11,433$10,777$10,159$8,822
7 years$10,919$10,186$9,501$8,860$8,262$6,986
8 years$9,458$8,731$8,057$7,433$6,854$5,639
9 years$8,322$7,602$6,940$6,331$5,772$4,617
10 years$7,413$6,701$6,050$5,457$4,918$3,821
11 years$6,671$5,965$5,327$4,750$4,230$3,191
12 years$6,052$5,354$4,727$4,166$3,666$2,682
13 years$5,530$4,839$4,223$3,678$3,196$2,267
14 years$5,082$4,398$3,795$3,265$2,802$1,926
15 years$4,694$4,018$3,426$2,912$2,467$1,642
16 years$4,355$3,686$3,106$2,607$2,180$1,404
17 years$4,056$3,395$2,827$2,342$1,933$1,204
18 years$3,791$3,137$2,580$2,111$1,719$1,034
19 years$3,554$2,907$2,362$1,907$1,532$891
20 years$3,341$2,702$2,168$1,728$1,369$768
21 years$3,148$2,517$1,994$1,568$1,225$663
22 years$2,974$2,349$1,838$1,426$1,098$573
23 years$2,814$2,197$1,697$1,298$985$496
24 years$2,668$2,059$1,569$1,184$886$430
25 years$2,534$1,932$1,454$1,081$797$373
26 years$2,411$1,816$1,348$989$718$323
27 years$2,297$1,709$1,252$905$647$281
28 years$2,191$1,610$1,164$829$584$244
29 years$2,093$1,519$1,083$760$527$212
30 years$2,001$1,434$1,009$698$477$184
31 years$1,915$1,356$940$641$431$160
32 years$1,835$1,283$877$589$390$139
33 years$1,760$1,215$819$542$353$121
34 years$1,690$1,152$765$498$319$105
35 years$1,624$1,092$716$459$289$91
36 years$1,561$1,037$669$423$262$80
37 years$1,502$985$627$389$238$69
38 years$1,447$936$587$359$215$60
39 years$1,394$890$550$331$195$52
40 years$1,344$847$515$305$177$46
41 years$1,297$806$483$282$161$40
42 years$1,252$768$453$260$146$35
43 years$1,209$731$425$240$132$30
44 years$1,168$697$399$221$120$26
45 years$1,129$665$375$205$109$23
46 years$1,092$634$352$189$99$20
47 years$1,057$605$331$175$90$17
48 years$1,023$578$311$161$82$15
49 years$991$552$292$149$74$13
50 years$960$527$275$138$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $983,000, adding $6,824 every year, while hoping to spend $53,388 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: 86/8/6 Blend
29$983,000$983,000$983,000$983,000
30$1,090,305$1,038,206$1,022,969$1,183,205
31$1,144,712$1,032,274$1,000,435$1,238,851
32$1,202,878$1,024,261$975,355$1,291,917
33$1,265,133$1,014,011$947,590$1,348,507
34$1,331,833$1,001,354$916,991$1,408,939
35$1,403,373$986,113$883,403$1,473,561
36$1,480,184$968,100$846,665$1,542,757
37$1,562,740$947,114$806,606$1,616,948
38$1,651,562$922,945$763,049$1,696,598
39$1,747,221$895,369$715,811$1,782,221
40$1,850,343$864,148$664,696$1,874,377
41$1,961,619$829,032$609,504$1,973,687
42$2,081,805$789,755$550,023$2,080,834
43$2,211,733$746,037$486,033$2,196,568
44$2,352,317$697,580$417,302$2,321,717
45$2,504,563$644,071$343,592$2,457,193
46$2,669,576$585,178$264,650$2,604,000
47$2,848,571$520,550$180,214$2,763,245
48$3,042,884$449,817$90,010$2,936,145
49$3,253,986$372,585$0$3,124,045
50$3,483,493$288,442$0$3,328,822
51$3,733,185$196,951$0$3,557,884
52$4,005,017$97,650$0$3,807,277
53$4,301,145$0$0$4,079,002
54$4,623,937$0$0$4,376,137
55$4,976,003$0$0$4,709,606
56$5,360,213$0$0$5,073,533
57$5,779,727$0$0$5,470,911
58$6,238,023$0$0$5,905,038
59$6,738,932$0$0$6,379,544
60$7,286,670$0$0$6,898,423
61$7,885,878$0$0$7,466,074
62$8,541,668$0$0$8,087,343
63$9,259,670$0$0$8,767,562
64$10,046,080$0$0$9,512,606
65$10,907,724$0$0$10,328,944
66$11,852,120$0$0$11,223,698
67$12,887,546$0$0$12,204,715
68$14,023,121$0$0$13,280,636
69$15,268,887$0$0$14,460,979
70$16,635,907$0$0$15,756,227
71$18,136,365$0$0$17,177,928
72$19,783,683$0$0$18,738,801
73$21,592,646$0$0$20,452,857
74$23,579,540$0$0$22,335,533
75$25,762,308$0$0$24,403,830
76$28,160,714$0$0$26,676,482
77$30,796,533$0$0$29,174,122
78$33,693,753$0$0$31,919,486
79$36,878,803$0$0$34,937,620
80$40,380,800$0$0$38,256,117
81$44,231,821$0$0$41,905,380
82$48,467,210$0$0$45,918,901
83$53,125,906$0$0$50,333,586
84$58,250,814$0$0$55,190,094
85$63,889,203$0$0$60,533,224
86$70,093,157$0$0$66,412,336
87$76,920,062$0$0$72,881,816
88$84,433,151$0$0$80,001,589
89$92,702,093$0$0$87,837,683
90$101,803,654$0$0$96,462,849
91$111,822,422$0$0$105,957,253
92$122,851,601$0$0$116,409,225
93$134,993,890$0$0$127,916,095
94$148,362,452$0$0$140,585,108
95$163,081,981$0$0$154,534,441
96$179,289,880$0$0$169,894,309
97$197,137,550$0$0$186,808,201
98$216,791,826$0$0$205,434,227
99$238,436,544$0$0$225,946,612
100$262,274,281$0$0$248,537,341