Can I retire at age 30 with 985,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$81,340$80,616$79,909$79,219$78,545$77,308
2 years$40,268$39,518$38,791$38,086$37,403$36,159
3 years$26,578$25,825$25,100$24,402$23,730$22,519
4 years$19,735$18,984$18,267$17,580$16,924$15,755
5 years$15,630$14,884$14,176$13,503$12,866$11,742
6 years$12,895$12,154$11,456$10,799$10,180$9,103
7 years$10,941$10,207$9,520$8,878$8,279$7,249
8 years$9,477$8,749$8,074$7,448$6,868$5,885
9 years$8,339$7,618$6,954$6,344$5,784$4,847
10 years$7,429$6,715$6,063$5,468$4,928$4,037
11 years$6,684$5,978$5,337$4,759$4,239$3,392
12 years$6,065$5,365$4,737$4,174$3,673$2,870
13 years$5,541$4,849$4,232$3,685$3,203$2,442
14 years$5,092$4,407$3,802$3,271$2,808$2,088
15 years$4,704$4,026$3,433$2,918$2,472$1,792
16 years$4,364$3,694$3,113$2,612$2,185$1,544
17 years$4,065$3,402$2,832$2,347$1,937$1,333
18 years$3,799$3,143$2,586$2,115$1,723$1,154
19 years$3,561$2,913$2,367$1,911$1,535$1,001
20 years$3,348$2,707$2,172$1,731$1,371$870
21 years$3,155$2,522$1,998$1,571$1,227$757
22 years$2,980$2,354$1,842$1,428$1,100$659
23 years$2,820$2,202$1,700$1,301$987$575
24 years$2,674$2,063$1,573$1,187$888$502
25 years$2,539$1,936$1,456$1,084$799$439
26 years$2,416$1,819$1,351$991$719$383
27 years$2,301$1,712$1,254$907$649$336
28 years$2,195$1,613$1,166$831$585$294
29 years$2,097$1,522$1,085$762$528$257
30 years$2,005$1,437$1,011$699$477$225
31 years$1,919$1,359$942$642$432$198
32 years$1,839$1,286$879$590$391$173
33 years$1,764$1,218$821$543$353$152
34 years$1,693$1,154$767$499$320$133
35 years$1,627$1,095$717$460$290$117
36 years$1,564$1,039$671$423$263$103
37 years$1,505$987$628$390$238$90
38 years$1,450$938$588$360$216$79
39 years$1,397$892$551$332$196$69
40 years$1,347$848$516$306$177$61
41 years$1,299$808$484$282$161$54
42 years$1,254$769$454$260$146$47
43 years$1,211$733$426$240$133$41
44 years$1,170$698$400$222$120$36
45 years$1,131$666$376$205$109$32
46 years$1,094$635$353$189$99$28
47 years$1,059$606$331$175$90$25
48 years$1,025$579$311$162$82$22
49 years$993$553$293$149$74$19
50 years$962$528$275$138$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $985,000, adding $4,610 every year, while hoping to spend $28,792 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: 68/14/18 Blend
29$985,000$985,000$985,000$985,000
30$1,090,225$1,038,020$1,022,753$1,159,286
31$1,170,794$1,058,249$1,026,380$1,226,218
32$1,258,615$1,078,503$1,029,165$1,295,600
33$1,354,399$1,098,755$1,031,047$1,370,782
34$1,458,926$1,118,973$1,031,965$1,452,335
35$1,573,056$1,139,122$1,031,856$1,540,885
36$1,697,735$1,159,166$1,030,650$1,637,124
37$1,834,004$1,179,065$1,028,277$1,741,812
38$1,983,010$1,198,777$1,024,662$1,855,789
39$2,146,016$1,218,256$1,019,726$1,979,980
40$2,324,411$1,237,452$1,013,389$2,115,405
41$2,519,727$1,256,314$1,005,564$2,263,186
42$2,733,650$1,274,783$996,161$2,424,563
43$2,968,036$1,292,801$985,086$2,600,899
44$3,224,928$1,310,301$972,239$2,793,700
45$3,506,580$1,327,215$957,518$3,004,622
46$3,815,470$1,343,468$940,814$3,235,494
47$4,154,331$1,358,980$922,014$3,488,330
48$4,526,170$1,373,668$900,999$3,765,350
49$4,934,302$1,387,440$877,645$4,069,000
50$5,382,377$1,400,201$851,822$4,401,979
51$5,874,417$1,411,848$823,395$4,767,258
52$6,414,849$1,422,270$792,221$5,168,116
53$7,008,556$1,431,353$758,152$5,608,164
54$7,660,911$1,438,972$721,033$6,091,383
55$8,377,837$1,444,995$680,700$6,622,162
56$9,165,858$1,449,281$636,986$7,205,338
57$10,032,161$1,451,682$589,711$7,846,242
58$10,984,667$1,452,040$538,691$8,550,751
59$12,032,099$1,450,185$483,733$9,325,341
60$13,184,069$1,445,940$424,634$10,177,153
61$14,451,168$1,439,115$361,183$11,114,055
62$15,845,064$1,429,509$293,160$12,144,721
63$17,378,614$1,416,908$220,334$13,278,712
64$19,065,982$1,401,087$142,465$14,526,563
65$20,922,777$1,381,804$59,302$15,899,889
66$22,966,195$1,358,807$0$17,411,490
67$25,215,184$1,331,826$0$19,081,132
68$27,690,623$1,300,576$0$20,931,232
69$30,415,516$1,264,754$0$22,967,582
70$33,415,213$1,224,041$0$25,209,130
71$36,717,644$1,178,099$0$27,676,757
72$40,353,587$1,126,569$0$30,393,473
73$44,356,955$1,069,072$0$33,384,636
74$48,765,115$1,005,208$0$36,678,188
75$53,619,247$934,553$0$40,304,923
76$58,964,723$856,659$0$44,298,777
77$64,851,541$771,052$0$48,697,147
78$71,334,795$677,231$0$53,541,243
79$78,475,196$574,667$0$58,876,481
80$86,339,642$462,801$0$64,752,910
81$95,001,851$341,044$0$71,225,683
82$104,543,055$208,771$0$78,355,582
83$115,052,770$65,323$0$86,209,588
84$126,629,634$0$0$94,861,515
85$139,382,345$0$0$104,406,571
86$153,430,681$0$0$114,932,542
87$168,906,636$0$0$126,528,271
88$185,955,657$0$0$139,302,753
89$204,738,026$0$0$153,376,092
90$225,430,365$0$0$168,880,642
91$248,227,309$0$0$185,962,252
92$273,343,337$0$0$204,781,643
93$301,014,800$0$0$225,515,927
94$331,502,151$0$0$248,360,274
95$365,092,403$0$0$273,529,759
96$402,101,838$0$0$301,261,388
97$442,878,990$0$0$331,816,339
98$487,807,938$0$0$365,482,423
99$537,311,931$0$0$402,576,803
100$591,857,380$0$0$443,448,988