Can I retire at age 30 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$81,423$80,698$79,990$79,299$78,625$76,569
2 years$40,308$39,558$38,830$38,125$37,440$35,383
3 years$26,605$25,851$25,126$24,427$23,754$21,759
4 years$19,755$19,004$18,285$17,598$16,941$15,025
5 years$15,646$14,899$14,190$13,517$12,879$11,046
6 years$12,908$12,166$11,468$10,810$10,190$8,443
7 years$10,952$10,217$9,530$8,887$8,288$6,626
8 years$9,487$8,758$8,082$7,455$6,875$5,299
9 years$8,347$7,625$6,961$6,350$5,790$4,297
10 years$7,436$6,721$6,069$5,474$4,933$3,521
11 years$6,691$5,984$5,343$4,764$4,243$2,910
12 years$6,071$5,371$4,742$4,179$3,677$2,421
13 years$5,546$4,853$4,236$3,689$3,206$2,025
14 years$5,097$4,412$3,806$3,275$2,811$1,701
15 years$4,708$4,030$3,437$2,921$2,475$1,434
16 years$4,368$3,698$3,116$2,615$2,187$1,212
17 years$4,069$3,405$2,835$2,350$1,939$1,028
18 years$3,803$3,147$2,588$2,117$1,724$873
19 years$3,565$2,916$2,369$1,913$1,537$743
20 years$3,351$2,710$2,174$1,733$1,373$633
21 years$3,158$2,524$2,000$1,573$1,228$540
22 years$2,983$2,356$1,843$1,430$1,101$461
23 years$2,823$2,204$1,702$1,302$988$394
24 years$2,676$2,065$1,574$1,188$888$337
25 years$2,542$1,938$1,458$1,085$799$288
26 years$2,418$1,821$1,352$992$720$247
27 years$2,304$1,714$1,256$908$649$212
28 years$2,198$1,615$1,167$832$586$181
29 years$2,099$1,524$1,086$763$529$155
30 years$2,007$1,439$1,012$700$478$133
31 years$1,921$1,360$943$643$432$114
32 years$1,841$1,287$880$591$391$98
33 years$1,766$1,219$822$543$354$84
34 years$1,695$1,155$768$500$320$72
35 years$1,629$1,096$718$460$290$62
36 years$1,566$1,040$672$424$263$53
37 years$1,507$988$629$391$238$46
38 years$1,451$939$589$360$216$39
39 years$1,398$893$551$332$196$34
40 years$1,348$849$517$306$178$29
41 years$1,300$808$485$282$161$25
42 years$1,255$770$455$261$146$21
43 years$1,212$734$427$241$133$18
44 years$1,172$699$400$222$120$16
45 years$1,133$667$376$205$109$14
46 years$1,095$636$353$190$99$12
47 years$1,060$607$332$175$90$10
48 years$1,026$579$312$162$82$9
49 years$994$553$293$150$74$7
50 years$963$529$276$138$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $986,000, adding $5,267 every year, while hoping to spend $46,674 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: 61/21/18 Blend
29$986,000$986,000$986,000$986,000
30$1,092,005$1,039,747$1,024,464$1,153,268
31$1,153,729$1,041,034$1,009,123$1,196,516
32$1,220,184$1,040,819$991,703$1,238,024
33$1,291,804$1,038,981$972,087$1,282,241
34$1,369,065$1,035,388$950,148$1,329,435
35$1,452,490$1,029,902$925,758$1,379,904
36$1,542,653$1,022,376$898,780$1,433,976
37$1,640,186$1,012,655$869,072$1,492,015
38$1,745,783$1,000,573$836,484$1,554,423
39$1,860,207$985,956$800,861$1,621,647
40$1,984,298$968,617$762,039$1,694,180
41$2,118,978$948,361$719,849$1,772,566
42$2,265,262$924,980$674,113$1,857,410
43$2,424,267$898,252$624,644$1,949,378
44$2,597,221$867,945$571,248$2,049,210
45$2,785,475$833,812$513,723$2,157,722
46$2,990,517$795,591$451,855$2,275,815
47$3,213,981$753,007$385,424$2,404,489
48$3,457,669$705,767$314,198$2,544,846
49$3,723,564$653,561$237,936$2,698,107
50$4,013,845$596,064$156,385$2,865,617
51$4,330,916$532,929$69,282$3,048,868
52$4,677,419$463,792$0$3,249,505
53$5,056,265$388,267$0$3,473,893
54$5,470,658$305,947$0$3,733,989
55$5,924,127$216,400$0$4,018,750
56$6,420,556$119,172$0$4,330,688
57$6,964,225$13,784$0$4,672,572
58$7,559,845$0$0$5,047,457
59$8,212,603$0$0$5,481,885
60$8,928,216$0$0$5,961,712
61$9,712,975$0$0$6,487,982
62$10,573,813$0$0$7,065,355
63$11,518,365$0$0$7,698,961
64$12,555,042$0$0$8,394,452
65$13,693,106$0$0$9,158,055
66$14,942,762$0$0$9,996,627
67$16,315,252$0$0$10,917,724
68$17,822,958$0$0$11,929,668
69$19,479,521$0$0$13,041,627
70$21,299,971$0$0$14,263,704
71$23,300,863$0$0$15,607,025
72$25,500,438$0$0$17,083,850
73$27,918,790$0$0$18,707,686
74$30,578,059$0$0$20,493,413
75$33,502,637$0$0$22,457,428
76$36,719,399$0$0$24,617,793
77$40,257,955$0$0$26,994,410
78$44,150,929$0$0$29,609,210
79$48,434,266$0$0$32,486,352
80$53,147,572$0$0$35,652,458
81$58,334,485$0$0$39,136,861
82$64,043,087$0$0$42,971,880
83$70,326,359$0$0$47,193,128
84$77,242,677$0$0$51,839,843
85$84,856,366$0$0$56,955,263
86$93,238,301$0$0$62,587,031
87$102,466,580$0$0$68,787,642
88$112,627,261$0$0$75,614,943
89$123,815,167$0$0$83,132,673
90$136,134,787$0$0$91,411,070
91$149,701,259$0$0$100,527,528
92$164,641,453$0$0$110,567,329
93$181,095,173$0$0$121,624,448
94$199,216,472$0$0$133,802,440
95$219,175,106$0$0$147,215,414
96$241,158,134$0$0$161,989,114
97$265,371,687$0$0$178,262,099
98$292,042,908$0$0$196,187,057
99$321,422,099$0$0$215,932,240
100$353,785,077$0$0$237,683,056