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%11.5%
1 years$81,506$80,780$80,071$79,380$78,705$78,209
2 years$40,349$39,598$38,870$38,163$37,478$36,978
3 years$26,632$25,878$25,151$24,452$23,778$23,289
4 years$19,775$19,023$18,304$17,616$16,959$16,484
5 years$15,662$14,914$14,204$13,531$12,892$12,434
6 years$12,921$12,178$11,479$10,821$10,201$9,760
7 years$10,963$10,227$9,539$8,896$8,296$7,872
8 years$9,496$8,767$8,090$7,463$6,882$6,476
9 years$8,356$7,633$6,968$6,357$5,796$5,406
10 years$7,444$6,728$6,075$5,480$4,938$4,566
11 years$6,698$5,990$5,348$4,769$4,247$3,891
12 years$6,077$5,376$4,746$4,183$3,680$3,341
13 years$5,552$4,858$4,241$3,693$3,209$2,886
14 years$5,102$4,416$3,810$3,278$2,813$2,505
15 years$4,713$4,034$3,440$2,924$2,477$2,184
16 years$4,373$3,701$3,119$2,618$2,189$1,911
17 years$4,073$3,409$2,838$2,352$1,941$1,677
18 years$3,806$3,150$2,591$2,120$1,726$1,476
19 years$3,568$2,919$2,372$1,915$1,538$1,301
20 years$3,355$2,713$2,177$1,735$1,374$1,150
21 years$3,161$2,527$2,002$1,574$1,230$1,018
22 years$2,986$2,359$1,845$1,431$1,102$902
23 years$2,826$2,206$1,704$1,304$989$801
24 years$2,679$2,067$1,576$1,189$889$712
25 years$2,545$1,940$1,459$1,086$800$633
26 years$2,421$1,823$1,354$993$721$564
27 years$2,306$1,716$1,257$909$650$503
28 years$2,200$1,617$1,168$833$586$448
29 years$2,101$1,525$1,087$764$530$400
30 years$2,009$1,440$1,013$701$478$357
31 years$1,923$1,362$944$644$433$319
32 years$1,843$1,288$881$591$391$285
33 years$1,768$1,220$823$544$354$255
34 years$1,697$1,156$769$500$321$228
35 years$1,630$1,097$719$461$290$204
36 years$1,568$1,041$672$424$263$182
37 years$1,508$989$629$391$238$163
38 years$1,452$940$589$360$216$146
39 years$1,400$893$552$332$196$131
40 years$1,349$850$517$306$178$117
41 years$1,302$809$485$283$161$105
42 years$1,257$771$455$261$146$94
43 years$1,214$734$427$241$133$84
44 years$1,173$700$401$222$121$75
45 years$1,134$667$376$205$109$68
46 years$1,097$637$354$190$99$61
47 years$1,061$608$332$175$90$54
48 years$1,027$580$312$162$82$49
49 years$995$554$293$150$74$44
50 years$964$529$276$138$68$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $987,000, adding $2,074 every year, while hoping to spend $43,005 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: 48/37/15 Blend
29$987,000$987,000$987,000$987,000
30$1,089,813$1,037,502$1,022,204$1,137,466
31$1,155,217$1,042,583$1,010,691$1,175,704
32$1,225,851$1,046,471$997,350$1,212,611
33$1,302,203$1,049,063$982,077$1,251,743
34$1,384,809$1,050,249$964,758$1,293,325
35$1,474,259$1,049,910$945,276$1,337,603
36$1,571,201$1,047,924$923,511$1,384,854
37$1,676,348$1,044,156$899,333$1,435,383
38$1,790,484$1,038,469$872,609$1,489,531
39$1,914,471$1,030,711$843,199$1,547,675
40$2,049,258$1,020,727$810,957$1,610,231
41$2,195,887$1,008,347$775,729$1,677,663
42$2,355,507$993,396$737,355$1,750,486
43$2,529,381$975,684$695,669$1,829,267
44$2,718,899$955,014$650,495$1,914,640
45$2,925,590$931,173$601,651$2,007,301
46$3,151,139$903,940$548,945$2,108,027
47$3,397,399$873,077$492,178$2,217,675
48$3,666,410$838,334$431,142$2,337,195
49$3,960,419$799,446$365,620$2,467,639
50$4,281,897$756,135$295,384$2,610,171
51$4,633,567$708,102$220,196$2,766,079
52$5,018,428$655,036$139,810$2,936,790
53$5,439,780$596,606$53,966$3,123,881
54$5,901,259$532,460$0$3,329,098
55$6,406,867$462,230$0$3,560,396
56$6,961,013$385,525$0$3,823,493
57$7,568,551$301,931$0$4,112,153
58$8,234,831$211,013$0$4,429,032
59$8,965,741$112,310$0$4,777,069
60$9,767,770$5,336$0$5,159,505
61$10,648,062$0$0$5,579,921
62$11,614,489$0$0$6,087,228
63$12,675,722$0$0$6,646,802
64$13,841,312$0$0$7,261,522
65$15,121,782$0$0$7,936,949
66$16,528,722$0$0$8,679,215
67$18,074,902$0$0$9,495,073
68$19,774,391$0$0$10,391,961
69$21,642,687$0$0$11,378,075
70$23,696,865$0$0$12,462,447
71$25,955,737$0$0$13,655,025
72$28,440,032$0$0$14,966,770
73$31,172,583$0$0$16,409,759
74$34,178,553$0$0$17,997,299
75$37,485,662$0$0$19,744,051
76$41,124,455$0$0$21,666,169
77$45,128,585$0$0$23,781,453
78$49,535,133$0$0$26,109,513
79$54,384,957$0$0$28,671,959
80$59,723,077$0$0$31,492,602
81$65,599,096$0$0$34,597,679
82$72,067,674$0$0$38,016,097
83$79,189,037$0$0$41,779,711
84$87,029,549$0$0$45,923,622
85$95,662,335$0$0$50,486,507
86$105,167,972$0$0$55,510,985
87$115,635,248$0$0$61,044,018
88$127,162,001$0$0$67,137,353
89$139,856,039$0$0$73,848,014
90$153,836,160$0$0$81,238,837
91$169,233,269$0$0$89,379,060
92$186,191,617$0$0$98,344,983
93$204,870,158$0$0$108,220,681
94$225,444,051$0$0$119,098,803
95$248,106,310$0$0$131,081,442
96$273,069,629$0$0$144,281,097
97$300,568,386$0$0$158,821,743
98$330,860,854$0$0$174,839,989
99$364,231,641$0$0$192,486,377
100$400,994,371$0$0$211,926,797