Can I retire at age 30 with 987,000?

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 $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%14.7%
1 years$81,506$80,780$80,071$79,380$78,705$77,179
2 years$40,349$39,598$38,870$38,163$37,478$35,947
3 years$26,632$25,878$25,151$24,452$23,778$22,289
4 years$19,775$19,023$18,304$17,616$16,959$15,524
5 years$15,662$14,914$14,204$13,531$12,892$11,515
6 years$12,921$12,178$11,479$10,821$10,201$8,884
7 years$10,963$10,227$9,539$8,896$8,296$7,039
8 years$9,496$8,767$8,090$7,463$6,882$5,685
9 years$8,356$7,633$6,968$6,357$5,796$4,657
10 years$7,444$6,728$6,075$5,480$4,938$3,857
11 years$6,698$5,990$5,348$4,769$4,247$3,223
12 years$6,077$5,376$4,746$4,183$3,680$2,711
13 years$5,552$4,858$4,241$3,693$3,209$2,293
14 years$5,102$4,416$3,810$3,278$2,813$1,949
15 years$4,713$4,034$3,440$2,924$2,477$1,662
16 years$4,373$3,701$3,119$2,618$2,189$1,423
17 years$4,073$3,409$2,838$2,352$1,941$1,221
18 years$3,806$3,150$2,591$2,120$1,726$1,050
19 years$3,568$2,919$2,372$1,915$1,538$905
20 years$3,355$2,713$2,177$1,735$1,374$781
21 years$3,161$2,527$2,002$1,574$1,230$675
22 years$2,986$2,359$1,845$1,431$1,102$584
23 years$2,826$2,206$1,704$1,304$989$506
24 years$2,679$2,067$1,576$1,189$889$438
25 years$2,545$1,940$1,459$1,086$800$380
26 years$2,421$1,823$1,354$993$721$330
27 years$2,306$1,716$1,257$909$650$287
28 years$2,200$1,617$1,168$833$586$249
29 years$2,101$1,525$1,087$764$530$217
30 years$2,009$1,440$1,013$701$478$188
31 years$1,923$1,362$944$644$433$164
32 years$1,843$1,288$881$591$391$143
33 years$1,768$1,220$823$544$354$124
34 years$1,697$1,156$769$500$321$108
35 years$1,630$1,097$719$461$290$94
36 years$1,568$1,041$672$424$263$82
37 years$1,508$989$629$391$238$71
38 years$1,452$940$589$360$216$62
39 years$1,400$893$552$332$196$54
40 years$1,349$850$517$306$178$47
41 years$1,302$809$485$283$161$41
42 years$1,257$771$455$261$146$36
43 years$1,214$734$427$241$133$31
44 years$1,173$700$401$222$121$27
45 years$1,134$667$376$205$109$24
46 years$1,097$637$354$190$99$21
47 years$1,061$608$332$175$90$18
48 years$1,027$580$312$162$82$16
49 years$995$554$293$150$74$14
50 years$964$529$276$138$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $987,000, adding $4,528 every year, while hoping to spend $36,539 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: 87/8/5 Blend
29$987,000$987,000$987,000$987,000
30$1,092,345$1,040,034$1,024,735$1,187,067
31$1,164,887$1,052,118$1,020,187$1,261,503
32$1,243,603$1,063,570$1,014,261$1,337,742
33$1,329,086$1,074,320$1,006,874$1,420,337
34$1,421,984$1,084,294$997,936$1,509,901
35$1,523,015$1,093,412$987,355$1,607,108
36$1,632,964$1,101,590$975,033$1,712,700
37$1,752,697$1,108,740$960,868$1,827,497
38$1,883,169$1,114,765$944,753$1,952,397
39$2,025,427$1,119,563$926,577$2,088,393
40$2,180,626$1,123,027$906,223$2,236,575
41$2,350,036$1,125,041$883,568$2,398,146
42$2,535,056$1,125,485$858,483$2,574,431
43$2,737,226$1,124,228$830,837$2,766,888
44$2,958,240$1,121,132$800,487$2,977,122
45$3,199,965$1,116,052$767,287$3,206,904
46$3,464,455$1,108,832$731,085$3,458,184
47$3,753,973$1,099,309$691,721$3,733,107
48$4,071,011$1,087,307$649,026$4,034,040
49$4,418,312$1,072,643$602,826$4,363,589
50$4,798,897$1,055,120$552,938$4,724,624
51$5,216,094$1,034,530$499,171$5,120,310
52$5,673,568$1,010,655$441,326$5,554,131
53$6,175,356$983,261$379,194$6,029,927
54$6,725,903$952,101$312,558$6,551,928
55$7,330,107$916,916$241,190$7,124,798
56$7,993,361$877,428$164,853$7,753,671
57$8,721,609$833,347$83,301$8,444,209
58$9,521,395$784,363$0$9,202,646
59$10,399,930$730,149$0$10,036,055
60$11,365,157$670,361$0$10,956,564
61$12,425,826$604,632$0$11,968,083
62$13,591,579$532,578$0$13,079,822
63$14,873,036$453,790$0$14,301,931
64$16,281,897$367,837$0$15,645,591
65$17,831,055$274,265$0$17,123,123
66$19,534,711$172,593$0$18,748,104
67$21,408,514$62,312$0$20,535,494
68$23,469,705$0$0$22,501,777
69$25,737,279$0$0$24,670,147
70$28,232,167$0$0$27,061,931
71$30,977,428$0$0$29,693,753
72$33,998,471$0$0$32,589,973
73$37,323,293$0$0$35,777,433
74$40,982,741$0$0$39,285,706
75$45,010,807$0$0$43,147,382
76$49,444,941$0$0$47,398,366
77$54,326,413$0$0$52,078,225
78$59,700,694$0$0$57,230,553
79$65,617,892$0$0$62,903,390
80$72,133,217$0$0$69,149,668
81$79,307,507$0$0$76,027,717
82$87,207,802$0$0$83,601,807
83$95,907,970$0$0$91,942,761
84$105,489,413$0$0$101,128,619
85$116,041,825$0$0$111,245,378
86$127,664,048$0$0$122,387,797
87$140,464,994$0$0$134,660,299
88$154,564,682$0$0$148,177,947
89$170,095,365$0$0$163,067,538
90$187,202,778$0$0$179,468,793
91$206,047,513$0$0$197,535,680
92$226,806,539$0$0$217,437,863
93$249,674,863$0$0$239,362,306
94$274,867,380$0$0$263,515,033
95$302,620,892$0$0$290,123,079
96$333,196,349$0$0$319,436,625
97$366,881,309$0$0$351,731,364
98$403,992,650$0$0$387,311,100
99$444,879,567$0$0$426,510,619
100$489,926,858$0$0$469,698,843