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%15.2%
1 years$81,340$80,616$79,909$79,219$78,545$76,865
2 years$40,268$39,518$38,791$38,086$37,403$35,718
3 years$26,578$25,825$25,100$24,402$23,730$22,093
4 years$19,735$18,984$18,267$17,580$16,924$15,349
5 years$15,630$14,884$14,176$13,503$12,866$11,355
6 years$12,895$12,154$11,456$10,799$10,180$8,737
7 years$10,941$10,207$9,520$8,878$8,279$6,903
8 years$9,477$8,749$8,074$7,448$6,868$5,559
9 years$8,339$7,618$6,954$6,344$5,784$4,540
10 years$7,429$6,715$6,063$5,468$4,928$3,749
11 years$6,684$5,978$5,337$4,759$4,239$3,122
12 years$6,065$5,365$4,737$4,174$3,673$2,618
13 years$5,541$4,849$4,232$3,685$3,203$2,207
14 years$5,092$4,407$3,802$3,271$2,808$1,869
15 years$4,704$4,026$3,433$2,918$2,472$1,589
16 years$4,364$3,694$3,113$2,612$2,185$1,355
17 years$4,065$3,402$2,832$2,347$1,937$1,159
18 years$3,799$3,143$2,586$2,115$1,723$993
19 years$3,561$2,913$2,367$1,911$1,535$852
20 years$3,348$2,707$2,172$1,731$1,371$733
21 years$3,155$2,522$1,998$1,571$1,227$631
22 years$2,980$2,354$1,842$1,428$1,100$544
23 years$2,820$2,202$1,700$1,301$987$469
24 years$2,674$2,063$1,573$1,187$888$405
25 years$2,539$1,936$1,456$1,084$799$350
26 years$2,416$1,819$1,351$991$719$303
27 years$2,301$1,712$1,254$907$649$262
28 years$2,195$1,613$1,166$831$585$227
29 years$2,097$1,522$1,085$762$528$196
30 years$2,005$1,437$1,011$699$477$170
31 years$1,919$1,359$942$642$432$147
32 years$1,839$1,286$879$590$391$128
33 years$1,764$1,218$821$543$353$111
34 years$1,693$1,154$767$499$320$96
35 years$1,627$1,095$717$460$290$83
36 years$1,564$1,039$671$423$263$72
37 years$1,505$987$628$390$238$63
38 years$1,450$938$588$360$216$54
39 years$1,397$892$551$332$196$47
40 years$1,347$848$516$306$177$41
41 years$1,299$808$484$282$161$35
42 years$1,254$769$454$260$146$31
43 years$1,211$733$426$240$133$27
44 years$1,170$698$400$222$120$23
45 years$1,131$666$376$205$109$20
46 years$1,094$635$353$189$99$17
47 years$1,059$606$331$175$90$15
48 years$1,025$579$311$162$82$13
49 years$993$553$293$149$74$11
50 years$962$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 $985,000, adding $6,431 every year, while hoping to spend $24,845 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: 52/34/14 Blend
29$985,000$985,000$985,000$985,000
30$1,092,104$1,039,899$1,024,631$1,144,470
31$1,177,063$1,064,419$1,032,521$1,205,502
32$1,269,856$1,089,308$1,039,843$1,268,674
33$1,371,255$1,114,557$1,046,551$1,336,820
34$1,482,110$1,140,158$1,052,598$1,410,416
35$1,603,359$1,166,099$1,057,934$1,489,989
36$1,736,033$1,192,369$1,062,506$1,576,117
37$1,881,267$1,218,954$1,066,258$1,669,439
38$2,040,312$1,245,838$1,069,133$1,770,657
39$2,214,544$1,273,005$1,071,070$1,880,546
40$2,405,482$1,300,436$1,072,005$1,999,959
41$2,614,794$1,328,110$1,071,870$2,129,836
42$2,844,320$1,356,005$1,070,595$2,271,212
43$3,096,087$1,384,096$1,068,106$2,425,231
44$3,372,326$1,412,354$1,064,326$2,593,148
45$3,675,495$1,440,752$1,059,173$2,776,352
46$4,008,302$1,469,255$1,052,561$2,976,368
47$4,373,729$1,497,829$1,044,403$3,194,882
48$4,775,062$1,526,435$1,034,603$3,433,748
49$5,215,920$1,555,033$1,023,064$3,695,013
50$5,700,291$1,583,576$1,009,684$3,980,929
51$6,232,566$1,612,017$994,354$4,293,981
52$6,817,585$1,640,303$976,962$4,636,908
53$7,460,679$1,668,378$957,390$5,012,727
54$8,167,721$1,696,181$935,515$5,424,764
55$8,945,182$1,723,647$911,208$5,876,685
56$9,800,191$1,750,706$884,334$6,372,533
57$10,740,603$1,777,283$854,752$6,916,759
58$11,775,072$1,803,298$822,313$7,514,275
59$12,913,133$1,828,663$786,865$8,170,490
60$14,165,291$1,853,286$748,244$8,891,369
61$15,543,123$1,877,070$706,282$9,683,485
62$17,059,383$1,899,907$660,803$10,554,084
63$18,728,123$1,921,686$611,623$11,511,153
64$20,564,828$1,942,285$558,549$12,563,493
65$22,586,560$1,961,576$501,380$13,720,807
66$24,812,118$1,979,422$439,905$14,993,789
67$27,262,217$1,995,677$373,906$16,394,226
68$29,959,684$2,010,186$303,152$17,935,108
69$32,929,669$2,022,782$227,404$19,630,756
70$36,199,886$2,033,289$146,414$21,496,952
71$39,800,874$2,041,521$59,918$23,551,090
72$43,766,284$2,047,276$0$25,812,345
73$48,133,196$2,050,343$0$28,306,685
74$52,942,470$2,050,498$0$31,062,431
75$58,239,129$2,047,500$0$34,096,338
76$64,072,789$2,041,096$0$37,436,745
77$70,498,120$2,031,016$0$41,114,885
78$77,575,366$2,016,974$0$45,165,179
79$85,370,915$1,998,667$0$49,625,559
80$93,957,920$1,975,773$0$54,537,831
81$103,416,993$1,947,951$0$59,948,068
82$113,836,965$1,914,840$0$65,907,044
83$125,315,726$1,876,057$0$72,470,715
84$137,961,142$1,831,196$0$79,700,751
85$151,892,082$1,779,828$0$87,665,113
86$167,239,533$1,721,499$0$96,438,701
87$184,147,840$1,655,727$0$106,104,056
88$202,776,066$1,582,003$0$116,752,148
89$223,299,492$1,499,789$0$128,483,226
90$245,911,276$1,408,515$0$141,407,776
91$270,824,272$1,307,578$0$155,647,554
92$298,273,040$1,196,342$0$171,336,746
93$328,516,061$1,074,133$0$188,623,231
94$361,838,173$940,239$0$207,669,980
95$398,553,265$793,910$0$228,656,593
96$439,007,236$634,349$0$251,781,002
97$483,581,261$460,718$0$277,261,334
98$532,695,387$272,132$0$305,337,978
99$586,812,503$67,652$0$336,275,853
100$646,442,703$0$0$370,366,911