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%19%
1 years$81,175$80,452$79,747$79,058$78,386$75,545
2 years$40,186$39,437$38,712$38,009$37,327$34,495
3 years$26,524$25,773$25,049$24,353$23,682$20,949
4 years$19,695$18,946$18,229$17,545$16,890$14,277
5 years$15,599$14,854$14,147$13,476$12,839$10,353
6 years$12,868$12,129$11,433$10,777$10,159$7,802
7 years$10,919$10,186$9,501$8,860$8,262$6,033
8 years$9,458$8,731$8,057$7,433$6,854$4,751
9 years$8,322$7,602$6,940$6,331$5,772$3,792
10 years$7,413$6,701$6,050$5,457$4,918$3,057
11 years$6,671$5,965$5,327$4,750$4,230$2,485
12 years$6,052$5,354$4,727$4,166$3,666$2,032
13 years$5,530$4,839$4,223$3,678$3,196$1,670
14 years$5,082$4,398$3,795$3,265$2,802$1,378
15 years$4,694$4,018$3,426$2,912$2,467$1,140
16 years$4,355$3,686$3,106$2,607$2,180$946
17 years$4,056$3,395$2,827$2,342$1,933$787
18 years$3,791$3,137$2,580$2,111$1,719$655
19 years$3,554$2,907$2,362$1,907$1,532$547
20 years$3,341$2,702$2,168$1,728$1,369$457
21 years$3,148$2,517$1,994$1,568$1,225$382
22 years$2,974$2,349$1,838$1,426$1,098$320
23 years$2,814$2,197$1,697$1,298$985$268
24 years$2,668$2,059$1,569$1,184$886$224
25 years$2,534$1,932$1,454$1,081$797$188
26 years$2,411$1,816$1,348$989$718$158
27 years$2,297$1,709$1,252$905$647$132
28 years$2,191$1,610$1,164$829$584$111
29 years$2,093$1,519$1,083$760$527$93
30 years$2,001$1,434$1,009$698$477$78
31 years$1,915$1,356$940$641$431$66
32 years$1,835$1,283$877$589$390$55
33 years$1,760$1,215$819$542$353$46
34 years$1,690$1,152$765$498$319$39
35 years$1,624$1,092$716$459$289$33
36 years$1,561$1,037$669$423$262$27
37 years$1,502$985$627$389$238$23
38 years$1,447$936$587$359$215$19
39 years$1,394$890$550$331$195$16
40 years$1,344$847$515$305$177$14
41 years$1,297$806$483$282$161$11
42 years$1,252$768$453$260$146$10
43 years$1,209$731$425$240$132$8
44 years$1,168$697$399$221$120$7
45 years$1,129$665$375$205$109$6
46 years$1,092$634$352$189$99$5
47 years$1,057$605$331$175$90$4
48 years$1,023$578$311$161$82$3
49 years$991$552$292$149$74$3
50 years$960$527$275$138$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $983,000, adding $2,190 every year, while hoping to spend $44,336 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: 81/9/10 Blend
29$983,000$983,000$983,000$983,000
30$1,085,525$1,033,426$1,018,189$1,171,553
31$1,149,075$1,036,891$1,005,126$1,231,724
32$1,217,622$1,039,039$990,138$1,291,698
33$1,291,628$1,039,760$973,116$1,356,204
34$1,371,601$1,038,936$953,942$1,425,673
35$1,458,100$1,036,440$932,496$1,500,580
36$1,551,740$1,032,139$908,648$1,581,446
37$1,653,197$1,025,893$882,267$1,668,849
38$1,763,212$1,017,551$853,212$1,763,422
39$1,882,602$1,006,953$821,337$1,865,864
40$2,012,266$993,932$786,490$1,976,946
41$2,153,191$978,309$748,511$2,097,516
42$2,306,464$959,894$707,234$2,228,509
43$2,473,280$938,486$662,484$2,370,956
44$2,654,957$913,873$614,079$2,525,992
45$2,852,940$885,831$561,828$2,694,869
46$3,068,824$854,120$505,533$2,878,967
47$3,304,361$818,490$444,986$3,079,805
48$3,561,483$778,673$379,970$3,299,059
49$3,842,314$734,387$310,259$3,538,576
50$4,149,192$685,335$235,615$3,800,391
51$4,484,694$631,200$155,792$4,086,748
52$4,851,653$571,649$70,532$4,400,119
53$5,253,193$506,331$0$4,743,231
54$5,692,749$434,872$0$5,121,269
55$6,174,108$356,879$0$5,543,537
56$6,701,437$271,936$0$6,006,182
57$7,279,327$179,605$0$6,513,259
58$7,912,834$79,421$0$7,069,239
59$8,607,526$0$0$7,679,044
60$9,369,535$0$0$8,350,983
61$10,205,617$0$0$9,096,894
62$11,123,211$0$0$9,915,552
63$12,130,513$0$0$10,814,272
64$13,236,551$0$0$11,801,114
65$14,451,269$0$0$12,884,952
66$15,785,624$0$0$14,075,565
67$17,251,683$0$0$15,383,727
68$18,862,742$0$0$16,821,303
69$20,633,447$0$0$18,401,367
70$22,579,936$0$0$20,138,323
71$24,719,986$0$0$22,048,039
72$27,073,182$0$0$24,147,998
73$29,661,106$0$0$26,457,461
74$32,507,531$0$0$28,997,650
75$35,638,652$0$0$31,791,947
76$39,083,332$0$0$34,866,112
77$42,873,369$0$0$38,248,531
78$47,043,802$0$0$41,970,478
79$51,633,235$0$0$46,066,412
80$56,684,206$0$0$50,574,303
81$62,243,584$0$0$55,535,985
82$68,363,012$0$0$60,997,557
83$75,099,396$0$0$67,009,812
84$82,515,436$0$0$73,628,717
85$90,680,223$0$0$80,915,944
86$99,669,888$0$0$88,939,447
87$109,568,317$0$0$97,774,104
88$120,467,947$0$0$107,502,425
89$132,470,634$0$0$118,215,330
90$145,688,617$0$0$130,013,001
91$160,245,572$0$0$143,005,836
92$176,277,784$0$0$157,315,483
93$193,935,426$0$0$173,075,990
94$213,383,984$0$0$190,435,069
95$234,805,809$0$0$209,555,493
96$258,401,845$0$0$230,616,626
97$284,393,521$0$0$253,816,117
98$313,024,840$0$0$279,371,770
99$344,564,685$0$0$307,523,591
100$379,309,349$0$0$338,536,059