Can I retire at age 30 with 986,000?

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 $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%19.8%
1 years$81,423$80,698$79,990$79,299$78,625$75,535
2 years$40,308$39,558$38,830$38,125$37,440$34,365
3 years$26,605$25,851$25,126$24,427$23,754$20,790
4 years$19,755$19,004$18,285$17,598$16,941$14,112
5 years$15,646$14,899$14,190$13,517$12,879$10,190
6 years$12,908$12,166$11,468$10,810$10,190$7,645
7 years$10,952$10,217$9,530$8,887$8,288$5,885
8 years$9,487$8,758$8,082$7,455$6,875$4,612
9 years$8,347$7,625$6,961$6,350$5,790$3,663
10 years$7,436$6,721$6,069$5,474$4,933$2,939
11 years$6,691$5,984$5,343$4,764$4,243$2,376
12 years$6,071$5,371$4,742$4,179$3,677$1,932
13 years$5,546$4,853$4,236$3,689$3,206$1,579
14 years$5,097$4,412$3,806$3,275$2,811$1,296
15 years$4,708$4,030$3,437$2,921$2,475$1,066
16 years$4,368$3,698$3,116$2,615$2,187$880
17 years$4,069$3,405$2,835$2,350$1,939$727
18 years$3,803$3,147$2,588$2,117$1,724$602
19 years$3,565$2,916$2,369$1,913$1,537$499
20 years$3,351$2,710$2,174$1,733$1,373$415
21 years$3,158$2,524$2,000$1,573$1,228$344
22 years$2,983$2,356$1,843$1,430$1,101$286
23 years$2,823$2,204$1,702$1,302$988$238
24 years$2,676$2,065$1,574$1,188$888$198
25 years$2,542$1,938$1,458$1,085$799$165
26 years$2,418$1,821$1,352$992$720$138
27 years$2,304$1,714$1,256$908$649$115
28 years$2,198$1,615$1,167$832$586$96
29 years$2,099$1,524$1,086$763$529$80
30 years$2,007$1,439$1,012$700$478$67
31 years$1,921$1,360$943$643$432$55
32 years$1,841$1,287$880$591$391$46
33 years$1,766$1,219$822$543$354$39
34 years$1,695$1,155$768$500$320$32
35 years$1,629$1,096$718$460$290$27
36 years$1,566$1,040$672$424$263$22
37 years$1,507$988$629$391$238$19
38 years$1,451$939$589$360$216$16
39 years$1,398$893$551$332$196$13
40 years$1,348$849$517$306$178$11
41 years$1,300$808$485$282$161$9
42 years$1,255$770$455$261$146$8
43 years$1,212$734$427$241$133$6
44 years$1,172$699$400$222$120$5
45 years$1,133$667$376$205$109$4
46 years$1,095$636$353$190$99$4
47 years$1,060$607$332$175$90$3
48 years$1,026$579$312$162$82$3
49 years$994$553$293$150$74$2
50 years$963$529$276$138$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $986,000, adding $4,328 every year, while hoping to spend $53,485 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: 84/6/10 Blend
29$986,000$986,000$986,000$986,000
30$1,091,036$1,038,778$1,023,495$1,180,699
31$1,145,414$1,032,771$1,000,875$1,233,964
32$1,203,546$1,024,676$975,704$1,284,830
33$1,265,759$1,014,336$947,841$1,339,058
34$1,332,410$1,001,582$917,137$1,396,955
35$1,403,892$986,236$883,437$1,458,856
36$1,480,635$968,108$846,579$1,525,133
37$1,563,113$946,999$806,393$1,596,192
38$1,651,845$922,696$762,701$1,672,482
39$1,747,400$894,975$715,318$1,754,499
40$1,850,405$863,598$664,051$1,842,786
41$1,961,546$828,314$608,697$1,937,944
42$2,081,579$788,857$549,043$2,040,632
43$2,211,334$744,945$484,870$2,151,579
44$2,351,723$696,281$415,947$2,271,588
45$2,503,749$642,549$342,031$2,401,541
46$2,668,515$583,417$262,872$2,542,413
47$2,847,232$518,533$178,207$2,695,277
48$3,041,234$447,525$87,762$2,861,315
49$3,251,988$370,001$0$3,041,830
50$3,481,105$285,546$0$3,239,194
51$3,730,361$193,721$0$3,464,109
52$4,001,707$94,063$0$3,708,979
53$4,297,293$0$0$3,975,761
54$4,619,482$0$0$4,267,531
55$4,970,876$0$0$4,592,537
56$5,354,339$0$0$4,947,221
57$5,773,022$0$0$5,334,498
58$6,230,396$0$0$5,757,582
59$6,730,282$0$0$6,220,008
60$7,276,883$0$0$6,725,669
61$7,874,831$0$0$7,278,850
62$8,529,225$0$0$7,884,271
63$9,245,679$0$0$8,547,130
64$10,030,374$0$0$9,273,147
65$10,890,121$0$0$10,068,627
66$11,832,415$0$0$10,940,508
67$12,865,517$0$0$11,896,434
68$13,998,519$0$0$12,944,825
69$15,241,441$0$0$14,094,953
70$16,605,315$0$0$15,357,031
71$18,102,296$0$0$16,742,310
72$19,745,771$0$0$18,263,181
73$21,550,487$0$0$19,933,295
74$23,532,689$0$0$21,767,691
75$25,710,274$0$0$23,782,932
76$28,102,956$0$0$25,997,268
77$30,732,454$0$0$28,430,804
78$33,622,695$0$0$31,105,687
79$36,800,039$0$0$34,046,319
80$40,293,530$0$0$37,279,583
81$44,135,163$0$0$40,835,097
82$48,360,191$0$0$44,745,493
83$53,007,454$0$0$49,046,723
84$58,119,745$0$0$53,778,401
85$63,744,214$0$0$58,984,170
86$69,932,811$0$0$64,712,119
87$76,742,775$0$0$71,015,233
88$84,237,176$0$0$77,951,894
89$92,485,505$0$0$85,586,426
90$101,564,331$0$0$93,989,709
91$111,558,025$0$0$103,239,841
92$122,559,551$0$0$113,422,877
93$134,671,344$0$0$124,633,638
94$148,006,278$0$0$136,976,609
95$162,688,727$0$0$150,566,918
96$178,855,738$0$0$165,531,427
97$196,658,327$0$0$182,009,927
98$216,262,897$0$0$200,156,455
99$237,852,815$0$0$220,140,745
100$261,630,134$0$0$242,149,836