Can I retire at age 30 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$81,506$80,780$80,071$79,380$78,705$77,242
2 years$40,349$39,598$38,870$38,163$37,478$36,010
3 years$26,632$25,878$25,151$24,452$23,778$22,350
4 years$19,775$19,023$18,304$17,616$16,959$15,582
5 years$15,662$14,914$14,204$13,531$12,892$11,570
6 years$12,921$12,178$11,479$10,821$10,201$8,936
7 years$10,963$10,227$9,539$8,896$8,296$7,088
8 years$9,496$8,767$8,090$7,463$6,882$5,731
9 years$8,356$7,633$6,968$6,357$5,796$4,701
10 years$7,444$6,728$6,075$5,480$4,938$3,898
11 years$6,698$5,990$5,348$4,769$4,247$3,261
12 years$6,077$5,376$4,746$4,183$3,680$2,747
13 years$5,552$4,858$4,241$3,693$3,209$2,327
14 years$5,102$4,416$3,810$3,278$2,813$1,980
15 years$4,713$4,034$3,440$2,924$2,477$1,691
16 years$4,373$3,701$3,119$2,618$2,189$1,449
17 years$4,073$3,409$2,838$2,352$1,941$1,245
18 years$3,806$3,150$2,591$2,120$1,726$1,073
19 years$3,568$2,919$2,372$1,915$1,538$926
20 years$3,355$2,713$2,177$1,735$1,374$800
21 years$3,161$2,527$2,002$1,574$1,230$692
22 years$2,986$2,359$1,845$1,431$1,102$600
23 years$2,826$2,206$1,704$1,304$989$521
24 years$2,679$2,067$1,576$1,189$889$452
25 years$2,545$1,940$1,459$1,086$800$393
26 years$2,421$1,823$1,354$993$721$341
27 years$2,306$1,716$1,257$909$650$297
28 years$2,200$1,617$1,168$833$586$259
29 years$2,101$1,525$1,087$764$530$225
30 years$2,009$1,440$1,013$701$478$196
31 years$1,923$1,362$944$644$433$171
32 years$1,843$1,288$881$591$391$149
33 years$1,768$1,220$823$544$354$130
34 years$1,697$1,156$769$500$321$113
35 years$1,630$1,097$719$461$290$99
36 years$1,568$1,041$672$424$263$86
37 years$1,508$989$629$391$238$75
38 years$1,452$940$589$360$216$66
39 years$1,400$893$552$332$196$57
40 years$1,349$850$517$306$178$50
41 years$1,302$809$485$283$161$44
42 years$1,257$771$455$261$146$38
43 years$1,214$734$427$241$133$33
44 years$1,173$700$401$222$121$29
45 years$1,134$667$376$205$109$25
46 years$1,097$637$354$190$99$22
47 years$1,061$608$332$175$90$19
48 years$1,027$580$312$162$82$17
49 years$995$554$293$150$74$15
50 years$964$529$276$138$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $987,000, adding $3,769 every year, while hoping to spend $27,054 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: 44/38/18 Blend
29$987,000$987,000$987,000$987,000
30$1,091,562$1,039,251$1,023,952$1,133,758
31$1,174,116$1,061,389$1,029,469$1,185,910
32$1,264,184$1,083,705$1,034,265$1,239,432
33$1,362,503$1,106,179$1,038,285$1,296,877
34$1,469,886$1,128,790$1,041,476$1,358,619
35$1,587,228$1,151,513$1,043,778$1,425,071
36$1,715,511$1,174,324$1,045,131$1,496,689
37$1,855,821$1,197,193$1,045,470$1,573,975
38$2,009,350$1,220,091$1,044,729$1,657,484
39$2,177,412$1,242,984$1,042,836$1,747,826
40$2,361,455$1,265,837$1,039,718$1,845,675
41$2,563,071$1,288,611$1,035,296$1,951,773
42$2,784,016$1,311,264$1,029,490$2,066,941
43$3,026,222$1,333,752$1,022,214$2,192,081
44$3,291,817$1,356,027$1,013,379$2,328,190
45$3,583,146$1,378,036$1,002,890$2,476,366
46$3,902,790$1,399,723$990,651$2,637,821
47$4,253,595$1,421,030$976,558$2,813,890
48$4,638,692$1,441,891$960,503$3,006,049
49$5,061,533$1,462,238$942,375$3,215,921
50$5,525,919$1,481,997$922,054$3,445,299
51$6,036,038$1,501,091$899,418$3,696,159
52$6,596,504$1,519,433$874,338$3,970,681
53$7,212,397$1,536,936$846,678$4,271,268
54$7,889,318$1,553,502$816,298$4,600,570
55$8,633,434$1,569,029$783,050$4,961,510
56$9,451,541$1,583,408$746,779$5,357,311
57$10,351,127$1,596,523$707,324$5,791,527
58$11,340,439$1,608,250$664,517$6,268,077
59$12,428,566$1,618,457$618,181$6,791,282
60$13,625,521$1,627,003$568,131$7,365,908
61$14,942,337$1,633,739$514,176$7,997,209
62$16,391,169$1,638,506$456,115$8,690,977
63$17,985,411$1,641,135$393,737$9,453,602
64$19,739,819$1,641,446$326,823$10,292,125
65$21,670,653$1,639,250$255,144$11,214,314
66$23,795,829$1,634,343$178,462$12,228,729
67$26,135,089$1,626,511$96,525$13,344,811
68$28,710,184$1,615,526$9,075$14,572,968
69$31,545,082$1,601,146$0$15,924,675
70$34,666,193$1,583,115$0$17,428,764
71$38,102,618$1,561,161$0$19,085,913
72$41,886,423$1,534,996$0$20,909,809
73$46,052,943$1,504,315$0$22,917,464
74$50,641,112$1,468,796$0$25,127,628
75$55,693,833$1,428,094$0$27,560,967
76$61,258,383$1,381,850$0$30,240,258
77$67,386,856$1,329,678$0$33,190,609
78$74,136,657$1,271,174$0$36,439,691
79$81,571,042$1,205,908$0$40,018,006
80$89,759,717$1,133,426$0$43,959,170
81$98,779,492$1,053,247$0$48,300,235
82$108,715,009$964,865$0$53,082,039
83$119,659,539$867,743$0$58,349,594
84$131,715,862$761,313$0$64,152,509
85$144,997,239$644,975$0$70,545,462
86$159,628,476$518,098$0$77,588,717
87$175,747,107$380,012$0$85,348,693
88$193,504,689$230,009$0$93,898,595
89$213,068,233$67,345$0$103,319,107
90$234,621,780$0$0$113,699,150
91$258,368,136$0$0$125,182,211
92$284,530,792$0$0$137,864,957
93$313,356,025$0$0$151,838,638
94$345,115,229$0$0$167,234,846
95$380,107,475$0$0$184,198,591
96$418,662,330$0$0$202,889,669
97$461,142,972$0$0$223,484,176
98$507,949,619$0$0$246,176,166
99$559,523,300$0$0$271,179,482
100$616,350,025$0$0$298,729,776