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%17.1%
1 years$81,423$80,698$79,990$79,299$78,625$76,353
2 years$40,308$39,558$38,830$38,125$37,440$35,170
3 years$26,605$25,851$25,126$24,427$23,754$21,555
4 years$19,755$19,004$18,285$17,598$16,941$14,832
5 years$15,646$14,899$14,190$13,517$12,879$10,864
6 years$12,908$12,166$11,468$10,810$10,190$8,272
7 years$10,952$10,217$9,530$8,887$8,288$6,466
8 years$9,487$8,758$8,082$7,455$6,875$5,149
9 years$8,347$7,625$6,961$6,350$5,790$4,158
10 years$7,436$6,721$6,069$5,474$4,933$3,393
11 years$6,691$5,984$5,343$4,764$4,243$2,792
12 years$6,071$5,371$4,742$4,179$3,677$2,312
13 years$5,546$4,853$4,236$3,689$3,206$1,924
14 years$5,097$4,412$3,806$3,275$2,811$1,609
15 years$4,708$4,030$3,437$2,921$2,475$1,350
16 years$4,368$3,698$3,116$2,615$2,187$1,135
17 years$4,069$3,405$2,835$2,350$1,939$957
18 years$3,803$3,147$2,588$2,117$1,724$809
19 years$3,565$2,916$2,369$1,913$1,537$685
20 years$3,351$2,710$2,174$1,733$1,373$580
21 years$3,158$2,524$2,000$1,573$1,228$492
22 years$2,983$2,356$1,843$1,430$1,101$418
23 years$2,823$2,204$1,702$1,302$988$355
24 years$2,676$2,065$1,574$1,188$888$302
25 years$2,542$1,938$1,458$1,085$799$257
26 years$2,418$1,821$1,352$992$720$219
27 years$2,304$1,714$1,256$908$649$187
28 years$2,198$1,615$1,167$832$586$159
29 years$2,099$1,524$1,086$763$529$136
30 years$2,007$1,439$1,012$700$478$116
31 years$1,921$1,360$943$643$432$99
32 years$1,841$1,287$880$591$391$84
33 years$1,766$1,219$822$543$354$72
34 years$1,695$1,155$768$500$320$61
35 years$1,629$1,096$718$460$290$52
36 years$1,566$1,040$672$424$263$45
37 years$1,507$988$629$391$238$38
38 years$1,451$939$589$360$216$32
39 years$1,398$893$551$332$196$28
40 years$1,348$849$517$306$178$24
41 years$1,300$808$485$282$161$20
42 years$1,255$770$455$261$146$17
43 years$1,212$734$427$241$133$15
44 years$1,172$699$400$222$120$13
45 years$1,133$667$376$205$109$11
46 years$1,095$636$353$190$99$9
47 years$1,060$607$332$175$90$8
48 years$1,026$579$312$162$82$7
49 years$994$553$293$150$74$6
50 years$963$529$276$138$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $986,000, adding $3,413 every year, while hoping to spend $33,009 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: 44/29/27 Blend
29$986,000$986,000$986,000$986,000
30$1,090,093$1,037,835$1,022,552$1,129,382
31$1,166,161$1,053,567$1,021,686$1,173,443
32$1,248,881$1,068,964$1,019,684$1,217,753
33$1,338,898$1,083,975$1,016,475$1,265,149
34$1,436,920$1,098,543$1,011,981$1,315,936
35$1,543,726$1,112,612$1,006,122$1,370,452
36$1,660,173$1,126,117$998,815$1,429,070
37$1,787,207$1,138,993$989,971$1,492,202
38$1,925,865$1,151,166$979,498$1,560,307
39$2,077,291$1,162,562$967,299$1,633,887
40$2,242,745$1,173,098$953,274$1,713,500
41$2,423,613$1,182,688$937,317$1,799,764
42$2,621,421$1,191,239$919,316$1,893,358
43$2,837,850$1,198,653$899,157$1,995,036
44$3,074,748$1,204,825$876,717$2,105,628
45$3,334,155$1,209,644$851,869$2,226,055
46$3,618,313$1,212,991$824,481$2,357,330
47$3,929,694$1,214,740$794,414$2,500,574
48$4,271,019$1,214,758$761,523$2,657,027
49$4,645,284$1,212,903$725,655$2,828,055
50$5,055,791$1,209,023$686,653$3,015,170
51$5,506,176$1,202,959$644,349$3,220,039
52$6,000,442$1,194,540$598,571$3,444,504
53$6,543,002$1,183,587$549,138$3,690,598
54$7,138,714$1,169,909$495,860$3,960,568
55$7,792,930$1,153,302$438,539$4,256,892
56$8,511,548$1,133,553$376,970$4,582,305
57$9,301,063$1,110,434$310,935$4,939,829
58$10,168,631$1,083,705$240,210$5,332,798
59$11,122,134$1,053,109$164,561$5,764,889
60$12,170,259$1,018,378$83,740$6,240,165
61$13,322,572$979,226$0$6,763,107
62$14,589,616$935,350$0$7,339,382
63$15,983,006$886,431$0$7,999,517
64$17,515,536$832,129$0$8,725,462
65$19,201,306$772,089$0$9,523,944
66$21,055,849$705,931$0$10,402,378
67$23,096,279$633,255$0$11,368,943
68$25,341,454$553,639$0$12,432,651
69$27,812,152$466,637$0$13,603,441
70$30,531,266$371,777$0$14,892,269
71$33,524,021$268,560$0$16,311,214
72$36,818,212$156,460$0$17,873,593
73$40,444,465$34,922$0$19,594,085
74$44,436,526$0$0$21,488,874
75$48,831,579$0$0$23,606,641
76$53,670,596$0$0$25,950,753
77$58,998,727$0$0$28,531,956
78$64,865,720$0$0$31,374,370
79$71,326,393$0$0$34,504,573
80$78,441,152$0$0$37,951,852
81$86,276,560$0$0$41,748,480
82$94,905,964$0$0$45,930,019
83$104,410,187$0$0$50,535,654
84$114,878,290$0$0$55,608,570
85$126,408,415$0$0$61,196,348
86$139,108,708$0$0$67,351,424
87$153,098,340$0$0$74,131,579
88$168,508,632$0$0$81,600,485
89$185,484,292$0$0$89,828,305
90$204,184,785$0$0$98,892,356
91$224,785,833$0$0$108,877,840
92$247,481,074$0$0$119,878,645
93$272,483,894$0$0$131,998,233
94$300,029,433$0$0$145,350,616
95$330,376,812$0$0$160,061,431
96$363,811,570$0$0$176,269,129
97$400,648,368$0$0$194,126,278
98$441,233,953$0$0$213,801,002
99$485,950,429$0$0$235,478,575
100$535,218,870$0$0$259,363,161