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%16.9%
1 years$81,340$80,616$79,909$79,219$78,545$76,337
2 years$40,268$39,518$38,791$38,086$37,403$35,195
3 years$26,578$25,825$25,100$24,402$23,730$21,591
4 years$19,735$18,984$18,267$17,580$16,924$14,872
5 years$15,630$14,884$14,176$13,503$12,866$10,904
6 years$12,895$12,154$11,456$10,799$10,180$8,312
7 years$10,941$10,207$9,520$8,878$8,279$6,505
8 years$9,477$8,749$8,074$7,448$6,868$5,186
9 years$8,339$7,618$6,954$6,344$5,784$4,193
10 years$7,429$6,715$6,063$5,468$4,928$3,426
11 years$6,684$5,978$5,337$4,759$4,239$2,822
12 years$6,065$5,365$4,737$4,174$3,673$2,340
13 years$5,541$4,849$4,232$3,685$3,203$1,951
14 years$5,092$4,407$3,802$3,271$2,808$1,633
15 years$4,704$4,026$3,433$2,918$2,472$1,372
16 years$4,364$3,694$3,113$2,612$2,185$1,156
17 years$4,065$3,402$2,832$2,347$1,937$976
18 years$3,799$3,143$2,586$2,115$1,723$826
19 years$3,561$2,913$2,367$1,911$1,535$700
20 years$3,348$2,707$2,172$1,731$1,371$594
21 years$3,155$2,522$1,998$1,571$1,227$505
22 years$2,980$2,354$1,842$1,428$1,100$429
23 years$2,820$2,202$1,700$1,301$987$366
24 years$2,674$2,063$1,573$1,187$888$311
25 years$2,539$1,936$1,456$1,084$799$266
26 years$2,416$1,819$1,351$991$719$226
27 years$2,301$1,712$1,254$907$649$193
28 years$2,195$1,613$1,166$831$585$165
29 years$2,097$1,522$1,085$762$528$141
30 years$2,005$1,437$1,011$699$477$120
31 years$1,919$1,359$942$642$432$103
32 years$1,839$1,286$879$590$391$88
33 years$1,764$1,218$821$543$353$75
34 years$1,693$1,154$767$499$320$64
35 years$1,627$1,095$717$460$290$55
36 years$1,564$1,039$671$423$263$47
37 years$1,505$987$628$390$238$40
38 years$1,450$938$588$360$216$34
39 years$1,397$892$551$332$196$29
40 years$1,347$848$516$306$177$25
41 years$1,299$808$484$282$161$21
42 years$1,254$769$454$260$146$18
43 years$1,211$733$426$240$133$16
44 years$1,170$698$400$222$120$13
45 years$1,131$666$376$205$109$11
46 years$1,094$635$353$189$99$10
47 years$1,059$606$331$175$90$8
48 years$1,025$579$311$162$82$7
49 years$993$553$293$149$74$6
50 years$962$528$275$138$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $985,000, adding $3,288 every year, while hoping to spend $46,641 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: 47/34/19 Blend
29$985,000$985,000$985,000$985,000
30$1,088,862$1,036,657$1,021,389$1,134,023
31$1,150,300$1,037,827$1,005,980$1,166,999
32$1,216,441$1,037,492$988,491$1,197,813
33$1,287,717$1,035,528$968,805$1,230,278
34$1,364,600$1,031,804$946,795$1,264,566
35$1,447,609$1,026,182$922,332$1,300,873
36$1,537,315$1,018,515$895,281$1,339,415
37$1,634,346$1,008,647$865,497$1,380,432
38$1,739,391$996,412$832,833$1,424,195
39$1,853,208$981,636$797,133$1,471,003
40$1,976,632$964,133$758,233$1,521,190
41$2,110,578$943,705$715,963$1,575,127
42$2,256,055$920,144$670,146$1,633,226
43$2,414,172$893,230$620,595$1,695,948
44$2,586,148$862,730$567,116$1,763,803
45$2,773,327$828,395$509,506$1,837,358
46$2,977,185$789,965$447,553$1,917,244
47$3,199,347$747,163$381,036$2,004,160
48$3,441,603$699,696$309,722$2,098,882
49$3,705,919$647,254$233,371$2,202,274
50$3,994,465$589,511$151,731$2,315,291
51$4,309,624$526,121$64,537$2,438,994
52$4,654,022$456,718$0$2,574,559
53$5,030,551$380,915$0$2,729,069
54$5,442,393$298,306$0$2,912,527
55$5,893,053$208,459$0$3,113,497
56$6,386,389$110,918$0$3,333,814
57$6,926,652$5,204$0$3,575,508
58$7,518,520$0$0$3,840,821
59$8,167,147$0$0$4,173,083
60$8,878,209$0$0$4,539,574
61$9,657,956$0$0$4,941,584
62$10,513,274$0$0$5,382,677
63$11,451,746$0$0$5,866,778
64$12,481,725$0$0$6,398,213
65$13,612,412$0$0$6,981,744
66$14,853,942$0$0$7,622,618
67$16,217,479$0$0$8,326,618
68$17,715,322$0$0$9,100,109
69$19,361,021$0$0$9,950,109
70$21,169,502$0$0$10,884,344
71$23,157,207$0$0$11,911,330
72$25,342,254$0$0$13,040,448
73$27,744,601$0$0$14,282,032
74$30,386,236$0$0$15,647,468
75$33,291,385$0$0$17,149,302
76$36,486,742$0$0$18,801,355
77$40,001,713$0$0$20,618,857
78$43,868,701$0$0$22,618,586
79$48,123,406$0$0$24,819,031
80$52,805,165$0$0$27,240,562
81$57,957,317$0$0$29,905,623
82$63,627,619$0$0$32,838,947
83$69,868,690$0$0$36,067,782
84$76,738,507$0$0$39,622,155
85$84,300,958$0$0$43,535,151
86$92,626,435$0$0$47,843,227
87$101,792,503$0$0$52,586,551
88$111,884,634$0$0$57,809,390
89$122,997,004$0$0$63,560,517
90$135,233,391$0$0$69,893,677
91$148,708,145$0$0$76,868,095
92$163,547,275$0$0$84,549,029
93$179,889,629$0$0$93,008,391
94$197,888,210$0$0$102,325,421
95$217,711,616$0$0$112,587,439
96$239,545,633$0$0$123,890,664
97$263,594,982$0$0$136,341,127
98$290,085,260$0$0$150,055,666
99$319,265,060$0$0$165,163,032
100$351,408,318$0$0$181,805,102