Can I retire at age 30 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$81,340$80,616$79,909$79,219$78,545$78,214
2 years$40,268$39,518$38,791$38,086$37,403$37,068
3 years$26,578$25,825$25,100$24,402$23,730$23,403
4 years$19,735$18,984$18,267$17,580$16,924$16,607
5 years$15,630$14,884$14,176$13,503$12,866$12,559
6 years$12,895$12,154$11,456$10,799$10,180$9,884
7 years$10,941$10,207$9,520$8,878$8,279$7,995
8 years$9,477$8,749$8,074$7,448$6,868$6,595
9 years$8,339$7,618$6,954$6,344$5,784$5,522
10 years$7,429$6,715$6,063$5,468$4,928$4,677
11 years$6,684$5,978$5,337$4,759$4,239$3,998
12 years$6,065$5,365$4,737$4,174$3,673$3,444
13 years$5,541$4,849$4,232$3,685$3,203$2,984
14 years$5,092$4,407$3,802$3,271$2,808$2,599
15 years$4,704$4,026$3,433$2,918$2,472$2,273
16 years$4,364$3,694$3,113$2,612$2,185$1,996
17 years$4,065$3,402$2,832$2,347$1,937$1,758
18 years$3,799$3,143$2,586$2,115$1,723$1,552
19 years$3,561$2,913$2,367$1,911$1,535$1,374
20 years$3,348$2,707$2,172$1,731$1,371$1,218
21 years$3,155$2,522$1,998$1,571$1,227$1,082
22 years$2,980$2,354$1,842$1,428$1,100$963
23 years$2,820$2,202$1,700$1,301$987$858
24 years$2,674$2,063$1,573$1,187$888$766
25 years$2,539$1,936$1,456$1,084$799$684
26 years$2,416$1,819$1,351$991$719$611
27 years$2,301$1,712$1,254$907$649$547
28 years$2,195$1,613$1,166$831$585$489
29 years$2,097$1,522$1,085$762$528$438
30 years$2,005$1,437$1,011$699$477$393
31 years$1,919$1,359$942$642$432$352
32 years$1,839$1,286$879$590$391$316
33 years$1,764$1,218$821$543$353$284
34 years$1,693$1,154$767$499$320$255
35 years$1,627$1,095$717$460$290$229
36 years$1,564$1,039$671$423$263$206
37 years$1,505$987$628$390$238$185
38 years$1,450$938$588$360$216$166
39 years$1,397$892$551$332$196$149
40 years$1,347$848$516$306$177$134
41 years$1,299$808$484$282$161$121
42 years$1,254$769$454$260$146$109
43 years$1,211$733$426$240$133$98
44 years$1,170$698$400$222$120$88
45 years$1,131$666$376$205$109$79
46 years$1,094$635$353$189$99$71
47 years$1,059$606$331$175$90$64
48 years$1,025$579$311$162$82$58
49 years$993$553$293$149$74$52
50 years$962$528$275$138$67$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $985,000, adding $2,060 every year, while hoping to spend $56,386 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: 71/16/13 Blend
29$985,000$985,000$985,000$985,000
30$1,087,595$1,035,390$1,020,122$1,161,615
31$1,138,535$1,026,130$994,302$1,201,704
32$1,192,782$1,014,526$965,727$1,238,521
33$1,250,612$1,000,404$934,246$1,277,334
34$1,312,330$983,580$899,699$1,318,328
35$1,378,270$963,857$861,920$1,361,710
36$1,448,796$941,028$820,737$1,407,707
37$1,524,308$914,874$775,967$1,456,571
38$1,605,247$885,162$727,421$1,508,583
39$1,692,093$851,646$674,901$1,564,050
40$1,785,376$814,066$618,199$1,623,316
41$1,885,675$772,146$557,100$1,686,758
42$1,993,627$725,595$491,376$1,754,797
43$2,109,933$674,105$420,793$1,827,897
44$2,235,360$617,350$345,103$1,906,570
45$2,370,752$554,985$264,050$1,991,386
46$2,517,037$486,648$177,364$2,082,972
47$2,675,234$411,953$84,764$2,182,025
48$2,846,463$330,493$0$2,289,313
49$3,031,955$241,840$0$2,407,637
50$3,233,065$145,541$0$2,548,663
51$3,451,281$41,116$0$2,701,703
52$3,688,241$0$0$2,867,955
53$3,945,746$0$0$3,061,405
54$4,225,779$0$0$3,279,694
55$4,530,517$0$0$3,517,289
56$4,862,361$0$0$3,776,065
57$5,223,950$0$0$4,058,086
58$5,618,188$0$0$4,365,625
59$6,048,272$0$0$4,701,181
60$6,517,721$0$0$5,067,507
61$7,030,408$0$0$5,467,633
62$7,590,598$0$0$5,904,894
63$8,202,984$0$0$6,382,962
64$8,872,735$0$0$6,905,880
65$9,605,542$0$0$7,478,098
66$10,407,671$0$0$8,104,519
67$11,286,021$0$0$8,790,541
68$12,248,191$0$0$9,542,106
69$13,302,548$0$0$10,365,761
70$14,458,309$0$0$11,268,715
71$15,725,623$0$0$12,258,909
72$17,115,669$0$0$13,345,087
73$18,640,760$0$0$14,536,881
74$20,314,457$0$0$15,844,903
75$22,151,700$0$0$17,280,839
76$24,168,945$0$0$18,857,562
77$26,384,319$0$0$20,589,255
78$28,817,790$0$0$22,491,539
79$31,491,357$0$0$24,581,625
80$34,429,254$0$0$26,878,472
81$37,658,178$0$0$29,402,967
82$41,207,542$0$0$32,178,122
83$45,109,750$0$0$35,229,288
84$49,400,504$0$0$38,584,397
85$54,119,136$0$0$42,274,221
86$59,308,981$0$0$46,332,664
87$65,017,785$0$0$50,797,083
88$71,298,155$0$0$55,708,636
89$78,208,053$0$0$61,112,669
90$85,811,341$0$0$67,059,149
91$94,178,385$0$0$73,603,129
92$103,386,718$0$0$80,805,269
93$113,521,768$0$0$88,732,408
94$124,677,666$0$0$97,458,193
95$136,958,130$0$0$107,063,772
96$150,477,448$0$0$117,638,564
97$165,361,548$0$0$129,281,094
98$181,749,191$0$0$142,099,930
99$199,793,277$0$0$156,214,700
100$219,662,290$0$0$171,757,224