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%12.3%
1 years$81,175$80,452$79,747$79,058$78,386$77,632
2 years$40,186$39,437$38,712$38,009$37,327$36,567
3 years$26,524$25,773$25,049$24,353$23,682$22,940
4 years$19,695$18,946$18,229$17,545$16,890$16,172
5 years$15,599$14,854$14,147$13,476$12,839$12,147
6 years$12,868$12,129$11,433$10,777$10,159$9,494
7 years$10,919$10,186$9,501$8,860$8,262$7,624
8 years$9,458$8,731$8,057$7,433$6,854$6,243
9 years$8,322$7,602$6,940$6,331$5,772$5,188
10 years$7,413$6,701$6,050$5,457$4,918$4,360
11 years$6,671$5,965$5,327$4,750$4,230$3,698
12 years$6,052$5,354$4,727$4,166$3,666$3,159
13 years$5,530$4,839$4,223$3,678$3,196$2,714
14 years$5,082$4,398$3,795$3,265$2,802$2,344
15 years$4,694$4,018$3,426$2,912$2,467$2,033
16 years$4,355$3,686$3,106$2,607$2,180$1,769
17 years$4,056$3,395$2,827$2,342$1,933$1,544
18 years$3,791$3,137$2,580$2,111$1,719$1,351
19 years$3,554$2,907$2,362$1,907$1,532$1,184
20 years$3,341$2,702$2,168$1,728$1,369$1,041
21 years$3,148$2,517$1,994$1,568$1,225$916
22 years$2,974$2,349$1,838$1,426$1,098$807
23 years$2,814$2,197$1,697$1,298$985$712
24 years$2,668$2,059$1,569$1,184$886$629
25 years$2,534$1,932$1,454$1,081$797$556
26 years$2,411$1,816$1,348$989$718$492
27 years$2,297$1,709$1,252$905$647$436
28 years$2,191$1,610$1,164$829$584$386
29 years$2,093$1,519$1,083$760$527$342
30 years$2,001$1,434$1,009$698$477$303
31 years$1,915$1,356$940$641$431$269
32 years$1,835$1,283$877$589$390$239
33 years$1,760$1,215$819$542$353$212
34 years$1,690$1,152$765$498$319$189
35 years$1,624$1,092$716$459$289$168
36 years$1,561$1,037$669$423$262$149
37 years$1,502$985$627$389$238$132
38 years$1,447$936$587$359$215$118
39 years$1,394$890$550$331$195$105
40 years$1,344$847$515$305$177$93
41 years$1,297$806$483$282$161$83
42 years$1,252$768$453$260$146$74
43 years$1,209$731$425$240$132$66
44 years$1,168$697$399$221$120$58
45 years$1,129$665$375$205$109$52
46 years$1,092$634$352$189$99$46
47 years$1,057$605$331$175$90$41
48 years$1,023$578$311$161$82$37
49 years$991$552$292$149$74$33
50 years$960$527$275$138$67$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $983,000, adding $6,782 every year, while hoping to spend $58,822 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: 59/23/18 Blend
29$983,000$983,000$983,000$983,000
30$1,090,262$1,038,163$1,022,926$1,149,097
31$1,138,882$1,026,446$994,608$1,178,005
32$1,190,491$1,012,185$963,370$1,202,461
33$1,245,329$995,191$929,051$1,227,789
34$1,303,664$975,266$891,486$1,254,084
35$1,365,785$952,202$850,498$1,281,452
36$1,432,011$925,775$805,905$1,310,012
37$1,502,690$895,752$757,517$1,339,899
38$1,578,203$861,882$705,132$1,371,263
39$1,658,969$823,904$648,544$1,404,275
40$1,745,447$781,538$587,533$1,439,125
41$1,838,139$734,490$521,871$1,476,027
42$1,937,597$682,448$451,322$1,515,221
43$2,044,427$625,083$375,637$1,556,975
44$2,159,293$562,047$294,555$1,601,588
45$2,282,926$492,971$207,807$1,649,396
46$2,416,125$417,468$115,110$1,700,774
47$2,559,771$335,126$16,168$1,756,140
48$2,714,832$245,510$0$1,815,962
49$2,882,368$148,164$0$1,897,932
50$3,063,547$42,602$0$1,989,889
51$3,259,653$0$0$2,089,433
52$3,472,096$0$0$2,215,495
53$3,702,427$0$0$2,363,928
54$3,952,351$0$0$2,525,059
55$4,223,744$0$0$2,700,106
56$4,518,669$0$0$2,890,409
57$4,839,396$0$0$3,097,442
58$5,188,421$0$0$3,322,826
59$5,568,493$0$0$3,568,348
60$5,982,633$0$0$3,835,970
61$6,434,170$0$0$4,127,855
62$6,926,764$0$0$4,446,381
63$7,464,447$0$0$4,794,168
64$8,051,654$0$0$5,174,098
65$8,693,271$0$0$5,589,345
66$9,394,674$0$0$6,043,403
67$10,161,782$0$0$6,540,120
68$11,001,114$0$0$7,083,731
69$11,919,848$0$0$7,678,900
70$12,925,885$0$0$8,330,764
71$14,027,930$0$0$9,044,980
72$15,235,568$0$0$9,827,777
73$16,559,353$0$0$10,686,016
74$18,010,911$0$0$11,627,254
75$19,603,048$0$0$12,659,812
76$21,349,865$0$0$13,792,858
77$23,266,898$0$0$15,036,490
78$25,371,258$0$0$16,401,831
79$27,681,794$0$0$17,901,132
80$30,219,268$0$0$19,547,891
81$33,006,553$0$0$21,356,976
82$36,068,846$0$0$23,344,766
83$39,433,906$0$0$25,529,306
84$43,132,312$0$0$27,930,476
85$47,197,753$0$0$30,570,176
86$51,667,347$0$0$33,472,536
87$56,581,986$0$0$36,664,139
88$61,986,721$0$0$40,174,273
89$67,931,191$0$0$44,035,208
90$74,470,084$0$0$48,282,499
91$81,663,657$0$0$52,955,317
92$89,578,299$0$0$58,096,825
93$98,287,160$0$0$63,754,579
94$107,870,839$0$0$69,980,978
95$118,418,143$0$0$76,833,758
96$130,026,923$0$0$84,376,535
97$142,804,998$0$0$92,679,406
98$156,871,169$0$0$101,819,608
99$172,356,341$0$0$111,882,248
100$189,404,757$0$0$122,961,105