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%19.9%
1 years$81,258$80,534$79,828$79,139$78,466$75,352
2 years$40,227$39,477$38,751$38,047$37,365$34,267
3 years$26,551$25,799$25,075$24,377$23,706$20,721
4 years$19,715$18,965$18,248$17,562$16,907$14,058
5 years$15,614$14,869$14,161$13,490$12,852$10,146
6 years$12,881$12,141$11,444$10,788$10,170$7,608
7 years$10,930$10,196$9,510$8,869$8,271$5,852
8 years$9,467$8,740$8,065$7,440$6,861$4,584
9 years$8,330$7,610$6,947$6,337$5,778$3,639
10 years$7,421$6,708$6,056$5,463$4,923$2,917
11 years$6,678$5,972$5,332$4,754$4,234$2,357
12 years$6,059$5,360$4,732$4,170$3,669$1,916
13 years$5,535$4,844$4,228$3,682$3,200$1,565
14 years$5,087$4,403$3,799$3,268$2,805$1,283
15 years$4,699$4,022$3,430$2,915$2,470$1,055
16 years$4,359$3,690$3,109$2,610$2,183$870
17 years$4,060$3,398$2,829$2,345$1,935$718
18 years$3,795$3,140$2,583$2,113$1,721$594
19 years$3,558$2,910$2,365$1,909$1,534$493
20 years$3,344$2,704$2,170$1,729$1,370$409
21 years$3,152$2,519$1,996$1,569$1,226$339
22 years$2,977$2,351$1,840$1,427$1,099$282
23 years$2,817$2,199$1,699$1,300$986$234
24 years$2,671$2,061$1,571$1,185$887$195
25 years$2,537$1,934$1,455$1,083$798$162
26 years$2,413$1,817$1,349$990$719$135
27 years$2,299$1,710$1,253$906$648$112
28 years$2,193$1,612$1,165$830$585$94
29 years$2,095$1,520$1,084$761$528$78
30 years$2,003$1,436$1,010$699$477$65
31 years$1,917$1,357$941$642$431$54
32 years$1,837$1,284$878$590$390$45
33 years$1,762$1,216$820$542$353$38
34 years$1,692$1,153$766$499$320$31
35 years$1,625$1,093$716$459$290$26
36 years$1,563$1,038$670$423$262$22
37 years$1,504$986$627$390$238$18
38 years$1,448$937$587$359$216$15
39 years$1,395$891$550$331$195$13
40 years$1,345$847$516$305$177$11
41 years$1,298$807$484$282$161$9
42 years$1,253$768$454$260$146$7
43 years$1,210$732$426$240$132$6
44 years$1,169$698$400$222$120$5
45 years$1,130$665$375$205$109$4
46 years$1,093$635$352$189$99$4
47 years$1,058$606$331$175$90$3
48 years$1,024$578$311$161$82$2
49 years$992$552$292$149$74$2
50 years$961$528$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 $984,000, adding $5,434 every year, while hoping to spend $27,534 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: 44/44/12 Blend
29$984,000$984,000$984,000$984,000
30$1,089,973$1,037,821$1,022,569$1,133,947
31$1,171,854$1,059,378$1,027,529$1,186,674
32$1,261,165$1,081,069$1,031,733$1,240,577
33$1,358,633$1,102,871$1,035,125$1,298,388
34$1,465,061$1,124,759$1,037,649$1,360,477
35$1,581,332$1,146,707$1,039,245$1,427,254
36$1,708,418$1,168,685$1,039,850$1,499,169
37$1,847,389$1,190,663$1,039,397$1,576,717
38$1,999,423$1,212,607$1,037,818$1,660,446
39$2,165,818$1,234,479$1,035,039$1,750,959
40$2,348,003$1,256,239$1,030,984$1,848,921
41$2,547,551$1,277,847$1,025,573$1,955,066
42$2,766,194$1,299,254$1,018,723$2,070,202
43$3,005,841$1,320,413$1,010,346$2,195,220
44$3,268,593$1,341,269$1,000,349$2,331,104
45$3,556,765$1,361,767$988,635$2,478,938
46$3,872,906$1,381,844$975,105$2,639,918
47$4,219,823$1,401,435$959,652$2,815,361
48$4,600,611$1,420,471$942,166$3,006,721
49$5,018,675$1,438,876$922,531$3,215,602
50$5,477,769$1,456,570$900,624$3,443,772
51$5,982,027$1,473,468$876,321$3,693,179
52$6,536,003$1,489,477$849,487$3,965,973
53$7,144,715$1,504,501$819,985$4,264,526
54$7,813,690$1,518,436$787,668$4,591,450
55$8,549,017$1,531,170$752,386$4,949,630
56$9,357,405$1,542,585$713,979$5,342,244
57$10,246,244$1,552,556$672,281$5,772,796
58$11,223,679$1,560,949$627,120$6,245,153
59$12,298,679$1,567,621$578,314$6,763,576
60$13,481,131$1,572,420$525,674$7,332,765
61$14,781,924$1,575,187$469,002$7,957,902
62$16,213,058$1,575,749$408,091$8,644,701
63$17,787,755$1,573,925$342,727$9,399,461
64$19,520,580$1,569,522$272,683$10,229,130
65$21,427,586$1,562,335$197,724$11,141,366
66$23,526,458$1,552,147$117,606$12,144,615
67$25,836,682$1,538,728$32,071$13,248,187
68$28,379,730$1,521,832$0$14,462,348
69$31,179,262$1,501,202$0$15,805,996
70$34,261,348$1,476,561$0$17,288,904
71$37,654,713$1,447,621$0$18,920,756
72$41,391,010$1,414,071$0$20,716,755
73$45,505,119$1,375,586$0$22,693,665
74$50,035,472$1,331,820$0$24,869,960
75$55,024,419$1,282,408$0$27,266,007
76$60,518,626$1,226,963$0$29,904,253
77$66,569,517$1,165,075$0$32,809,445
78$73,233,755$1,096,311$0$36,008,856
79$80,573,781$1,020,214$0$39,532,552
80$88,658,401$936,298$0$43,413,671
81$97,563,434$844,053$0$47,688,741
82$107,372,429$742,936$0$52,398,022
83$118,177,454$632,377$0$57,585,893
84$130,079,962$511,772$0$63,301,266
85$143,191,751$380,481$0$69,598,056
86$157,636,016$237,831$0$76,535,686
87$173,548,516$83,111$0$84,179,655
88$191,078,851$0$0$92,602,152
89$210,391,873$0$0$101,923,625
90$231,669,247$0$0$112,237,726
91$255,111,162$0$0$123,601,278
92$280,938,220$0$0$136,121,246
93$309,393,517$0$0$149,915,498
94$340,744,942$0$0$165,113,925
95$375,287,701$0$0$181,859,664
96$413,347,104$0$0$200,310,447
97$455,281,639$0$0$220,640,096
98$501,486,350$0$0$243,040,155
99$552,396,569$0$0$267,721,705
100$608,492,028$0$0$294,917,354