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%15.1%
1 years$81,258$80,534$79,828$79,139$78,466$76,818
2 years$40,227$39,477$38,751$38,047$37,365$35,713
3 years$26,551$25,799$25,075$24,377$23,706$22,101
4 years$19,715$18,965$18,248$17,562$16,907$15,362
5 years$15,614$14,869$14,161$13,490$12,852$11,371
6 years$12,881$12,141$11,444$10,788$10,170$8,753
7 years$10,930$10,196$9,510$8,869$8,271$6,920
8 years$9,467$8,740$8,065$7,440$6,861$5,576
9 years$8,330$7,610$6,947$6,337$5,778$4,557
10 years$7,421$6,708$6,056$5,463$4,923$3,765
11 years$6,678$5,972$5,332$4,754$4,234$3,137
12 years$6,059$5,360$4,732$4,170$3,669$2,632
13 years$5,535$4,844$4,228$3,682$3,200$2,221
14 years$5,087$4,403$3,799$3,268$2,805$1,882
15 years$4,699$4,022$3,430$2,915$2,470$1,601
16 years$4,359$3,690$3,109$2,610$2,183$1,366
17 years$4,060$3,398$2,829$2,345$1,935$1,169
18 years$3,795$3,140$2,583$2,113$1,721$1,003
19 years$3,558$2,910$2,365$1,909$1,534$861
20 years$3,344$2,704$2,170$1,729$1,370$741
21 years$3,152$2,519$1,996$1,569$1,226$638
22 years$2,977$2,351$1,840$1,427$1,099$551
23 years$2,817$2,199$1,699$1,300$986$476
24 years$2,671$2,061$1,571$1,185$887$411
25 years$2,537$1,934$1,455$1,083$798$355
26 years$2,413$1,817$1,349$990$719$308
27 years$2,299$1,710$1,253$906$648$266
28 years$2,193$1,612$1,165$830$585$231
29 years$2,095$1,520$1,084$761$528$200
30 years$2,003$1,436$1,010$699$477$173
31 years$1,917$1,357$941$642$431$150
32 years$1,837$1,284$878$590$390$130
33 years$1,762$1,216$820$542$353$113
34 years$1,692$1,153$766$499$320$98
35 years$1,625$1,093$716$459$290$85
36 years$1,563$1,038$670$423$262$74
37 years$1,504$986$627$390$238$64
38 years$1,448$937$587$359$216$56
39 years$1,395$891$550$331$195$48
40 years$1,345$847$516$305$177$42
41 years$1,298$807$484$282$161$36
42 years$1,253$768$454$260$146$32
43 years$1,210$732$426$240$132$27
44 years$1,169$698$400$222$120$24
45 years$1,130$665$375$205$109$21
46 years$1,093$635$352$189$99$18
47 years$1,058$606$331$175$90$16
48 years$1,024$578$311$161$82$14
49 years$992$552$292$149$74$12
50 years$961$528$275$138$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $984,000, adding $6,820 every year, while hoping to spend $42,856 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: 78/10/12 Blend
29$984,000$984,000$984,000$984,000
30$1,091,403$1,039,251$1,023,999$1,173,518
31$1,157,127$1,044,576$1,012,704$1,233,827
32$1,228,120$1,048,725$999,595$1,293,785
33$1,304,871$1,051,596$984,565$1,358,326
34$1,387,924$1,053,080$967,503$1,427,889
35$1,477,871$1,053,060$948,294$1,502,959
36$1,575,367$1,051,412$926,814$1,584,070
37$1,681,129$1,048,007$902,938$1,671,810
38$1,795,950$1,042,705$876,532$1,766,827
39$1,920,698$1,035,358$847,457$1,869,836
40$2,056,329$1,025,811$815,567$1,981,626
41$2,203,896$1,013,897$780,709$2,103,064
42$2,364,556$999,440$742,726$2,235,107
43$2,539,583$982,255$701,449$2,378,810
44$2,730,378$962,144$656,706$2,535,336
45$2,938,486$938,898$608,314$2,705,966
46$3,165,603$912,295$556,084$2,892,115
47$3,413,598$882,101$499,817$3,095,339
48$3,684,530$848,069$439,306$3,317,355
49$3,980,663$809,936$374,334$3,560,057
50$4,304,492$767,424$304,675$3,825,531
51$4,658,762$720,240$230,094$4,116,077
52$5,046,497$668,073$150,343$4,434,232
53$5,471,026$610,595$65,166$4,782,791
54$5,936,015$547,458$0$5,164,835
55$6,445,502$478,297$0$5,587,058
56$7,003,933$402,723$0$6,059,027
57$7,616,205$320,327$0$6,576,558
58$8,287,711$230,677$0$7,144,239
59$9,024,393$133,315$0$7,767,130
60$9,832,794$27,760$0$8,450,804
61$10,720,120$0$0$9,201,404
62$11,694,312$0$0$10,035,214
63$12,764,115$0$0$10,954,246
64$13,939,162$0$0$11,963,726
65$15,230,068$0$0$13,072,775
66$16,648,522$0$0$14,291,443
67$18,207,406$0$0$15,630,800
68$19,920,910$0$0$17,103,043
69$21,804,665$0$0$18,721,608
70$23,875,897$0$0$20,501,300
71$26,153,579$0$0$22,458,429
72$28,658,618$0$0$24,610,963
73$31,414,049$0$0$26,978,702
74$34,445,250$0$0$29,583,459
75$37,780,183$0$0$32,449,268
76$41,449,657$0$0$35,602,611
77$45,487,617$0$0$39,072,666
78$49,931,468$0$0$42,891,582
79$54,822,421$0$0$47,094,783
80$60,205,886$0$0$51,721,301
81$66,131,900$0$0$56,814,143
82$72,655,595$0$0$62,420,699
83$79,837,721$0$0$68,593,187
84$87,745,219$0$0$75,389,144
85$96,451,849$0$0$82,871,971
86$106,038,889$0$0$91,111,531
87$116,595,900$0$0$100,184,804
88$128,221,568$0$0$110,176,617
89$141,024,639$0$0$121,180,444
90$155,124,946$0$0$133,299,284
91$170,654,531$0$0$146,646,637
92$187,758,899$0$0$161,347,571
93$206,598,387$0$0$177,539,903
94$227,349,677$0$0$195,375,503
95$250,207,465$0$0$215,021,719
96$275,386,292$0$0$236,662,964
97$303,122,576$0$0$260,502,450
98$333,676,838$0$0$286,764,109
99$367,336,161$0$0$315,694,705
100$404,416,900$0$0$347,566,163