Can I retire at age 30 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$81,258$80,534$79,828$79,139$78,466$77,102
2 years$40,227$39,477$38,751$38,047$37,365$35,995
3 years$26,551$25,799$25,075$24,377$23,706$22,373
4 years$19,715$18,965$18,248$17,562$16,907$15,622
5 years$15,614$14,869$14,161$13,490$12,852$11,618
6 years$12,881$12,141$11,444$10,788$10,170$8,988
7 years$10,930$10,196$9,510$8,869$8,271$7,141
8 years$9,467$8,740$8,065$7,440$6,861$5,784
9 years$8,330$7,610$6,947$6,337$5,778$4,753
10 years$7,421$6,708$6,056$5,463$4,923$3,949
11 years$6,678$5,972$5,332$4,754$4,234$3,309
12 years$6,059$5,360$4,732$4,170$3,669$2,793
13 years$5,535$4,844$4,228$3,682$3,200$2,370
14 years$5,087$4,403$3,799$3,268$2,805$2,021
15 years$4,699$4,022$3,430$2,915$2,470$1,730
16 years$4,359$3,690$3,109$2,610$2,183$1,486
17 years$4,060$3,398$2,829$2,345$1,935$1,279
18 years$3,795$3,140$2,583$2,113$1,721$1,104
19 years$3,558$2,910$2,365$1,909$1,534$955
20 years$3,344$2,704$2,170$1,729$1,370$827
21 years$3,152$2,519$1,996$1,569$1,226$718
22 years$2,977$2,351$1,840$1,427$1,099$623
23 years$2,817$2,199$1,699$1,300$986$542
24 years$2,671$2,061$1,571$1,185$887$472
25 years$2,537$1,934$1,455$1,083$798$411
26 years$2,413$1,817$1,349$990$719$358
27 years$2,299$1,710$1,253$906$648$312
28 years$2,193$1,612$1,165$830$585$273
29 years$2,095$1,520$1,084$761$528$238
30 years$2,003$1,436$1,010$699$477$208
31 years$1,917$1,357$941$642$431$181
32 years$1,837$1,284$878$590$390$159
33 years$1,762$1,216$820$542$353$139
34 years$1,692$1,153$766$499$320$121
35 years$1,625$1,093$716$459$290$106
36 years$1,563$1,038$670$423$262$93
37 years$1,504$986$627$390$238$81
38 years$1,448$937$587$359$216$71
39 years$1,395$891$550$331$195$62
40 years$1,345$847$516$305$177$54
41 years$1,298$807$484$282$161$48
42 years$1,253$768$454$260$146$42
43 years$1,210$732$426$240$132$36
44 years$1,169$698$400$222$120$32
45 years$1,130$665$375$205$109$28
46 years$1,093$635$352$189$99$24
47 years$1,058$606$331$175$90$21
48 years$1,024$578$311$161$82$19
49 years$992$552$292$149$74$16
50 years$961$528$275$138$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $984,000, adding $4,878 every year, while hoping to spend $35,909 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: 66/11/23 Blend
29$984,000$984,000$984,000$984,000
30$1,089,400$1,037,248$1,021,996$1,154,559
31$1,162,312$1,049,866$1,018,026$1,211,579
32$1,241,457$1,061,899$1,012,719$1,269,367
33$1,327,434$1,073,280$1,005,993$1,331,713
34$1,420,899$1,083,938$997,762$1,399,069
35$1,522,578$1,093,798$987,933$1,471,930
36$1,633,265$1,102,779$976,414$1,550,842
37$1,753,837$1,110,794$963,102$1,636,410
38$1,885,258$1,117,752$947,895$1,729,300
39$2,028,588$1,123,555$930,684$1,830,245
40$2,184,995$1,128,101$911,353$1,940,057
41$2,355,765$1,131,279$889,784$2,059,629
42$2,542,313$1,132,970$865,851$2,189,947
43$2,746,195$1,133,052$839,423$2,332,098
44$2,969,127$1,131,392$810,364$2,487,283
45$3,212,997$1,127,850$778,531$2,656,823
46$3,479,884$1,122,276$743,773$2,842,180
47$3,772,077$1,114,512$705,934$3,044,961
48$4,092,097$1,104,391$664,851$3,266,944
49$4,442,720$1,091,735$620,352$3,510,085
50$4,827,003$1,076,356$572,260$3,776,544
51$5,248,314$1,058,054$520,387$4,068,704
52$5,710,360$1,036,616$464,538$4,389,190
53$6,217,227$1,011,821$404,510$4,740,900
54$6,773,413$983,429$340,090$5,127,028
55$7,383,874$951,189$271,056$5,551,096
56$8,054,068$914,837$197,175$6,016,989
57$8,790,009$874,090$118,207$6,528,990
58$9,598,320$828,651$33,897$7,091,824
59$10,486,299$778,205$0$7,710,698
60$11,461,983$722,418$0$8,405,117
61$12,534,229$660,940$0$9,177,424
62$13,712,792$593,398$0$10,026,343
63$15,008,421$519,399$0$10,959,646
64$16,432,957$438,527$0$11,985,897
65$17,999,447$350,342$0$13,114,534
66$19,722,264$254,383$0$14,355,957
67$21,617,245$150,157$0$15,721,627
68$23,701,838$37,149$0$17,224,175
69$25,995,268$0$0$18,877,520
70$28,518,717$0$0$20,707,312
71$31,295,524$0$0$22,725,839
72$34,351,403$0$0$24,947,306
73$37,714,691$0$0$27,392,322
74$41,416,605$0$0$30,083,591
75$45,491,549$0$0$33,046,134
76$49,977,425$0$0$36,307,517
77$54,916,002$0$0$39,898,118
78$60,353,301$0$0$43,851,407
79$66,340,035$0$0$48,204,269
80$72,932,082$0$0$52,997,342
81$80,191,018$0$0$58,275,411
82$88,184,690$0$0$64,087,822
83$96,987,864$0$0$70,488,950
84$106,682,924$0$0$77,538,715
85$117,360,652$0$0$85,303,142
86$129,121,085$0$0$93,854,989
87$142,074,457$0$0$103,274,428
88$156,342,237$0$0$113,649,806
89$172,058,280$0$0$125,078,476
90$189,370,088$0$0$137,667,717
91$208,440,199$0$0$151,535,745
92$229,447,724$0$0$166,812,828
93$252,590,035$0$0$183,642,517
94$278,084,628$0$0$202,183,000
95$306,171,179$0$0$222,608,594
96$337,113,797$0$0$245,111,391
97$371,203,528$0$0$269,903,070
98$408,761,090$0$0$297,216,895
99$450,139,911$0$0$327,309,917
100$495,729,455$0$0$360,465,400