Can I retire at age 30 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$81,588$80,861$80,152$79,460$78,785$76,171
2 years$40,390$39,638$38,909$38,202$37,516$34,909
3 years$26,659$25,904$25,177$24,476$23,802$21,282
4 years$19,795$19,042$18,322$17,634$16,976$14,563
5 years$15,678$14,929$14,219$13,545$12,905$10,605
6 years$12,934$12,191$11,491$10,832$10,211$8,027
7 years$10,975$10,238$9,549$8,905$8,304$6,235
8 years$9,506$8,776$8,098$7,470$6,889$4,933
9 years$8,364$7,641$6,975$6,363$5,802$3,957
10 years$7,451$6,735$6,081$5,485$4,943$3,207
11 years$6,705$5,996$5,354$4,774$4,251$2,620
12 years$6,083$5,382$4,751$4,187$3,684$2,154
13 years$5,558$4,863$4,245$3,697$3,213$1,779
14 years$5,108$4,421$3,814$3,281$2,816$1,476
15 years$4,718$4,038$3,444$2,926$2,480$1,229
16 years$4,377$3,705$3,122$2,620$2,192$1,026
17 years$4,077$3,412$2,841$2,354$1,943$858
18 years$3,810$3,153$2,593$2,122$1,728$719
19 years$3,572$2,922$2,374$1,917$1,540$603
20 years$3,358$2,715$2,179$1,736$1,376$507
21 years$3,164$2,529$2,004$1,576$1,231$427
22 years$2,989$2,361$1,847$1,433$1,103$359
23 years$2,829$2,208$1,706$1,305$990$303
24 years$2,682$2,069$1,577$1,190$890$255
25 years$2,547$1,942$1,461$1,087$801$215
26 years$2,423$1,825$1,355$994$722$182
27 years$2,308$1,717$1,258$910$651$153
28 years$2,202$1,618$1,170$833$587$130
29 years$2,103$1,527$1,088$764$530$109
30 years$2,011$1,442$1,014$701$479$93
31 years$1,925$1,363$945$644$433$78
32 years$1,845$1,290$882$592$392$66
33 years$1,769$1,221$823$544$354$56
34 years$1,699$1,158$769$501$321$47
35 years$1,632$1,098$719$461$291$40
36 years$1,569$1,042$673$425$263$34
37 years$1,510$990$630$391$239$29
38 years$1,454$941$590$361$216$24
39 years$1,401$894$553$333$196$20
40 years$1,351$851$518$307$178$17
41 years$1,303$810$486$283$161$15
42 years$1,258$771$456$261$147$12
43 years$1,215$735$427$241$133$10
44 years$1,174$701$401$223$121$9
45 years$1,135$668$377$206$110$7
46 years$1,098$637$354$190$100$6
47 years$1,062$608$332$175$90$5
48 years$1,028$581$312$162$82$5
49 years$996$554$294$150$75$4
50 years$965$530$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $988,000, adding $4,974 every year, while hoping to spend $29,146 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: 71/15/14 Blend
29$988,000$988,000$988,000$988,000
30$1,093,907$1,041,543$1,026,229$1,167,833
31$1,174,474$1,061,567$1,029,596$1,237,561
32$1,262,282$1,081,596$1,032,100$1,309,860
33$1,358,040$1,101,599$1,033,679$1,388,244
34$1,462,525$1,121,542$1,034,273$1,473,307
35$1,576,595$1,141,390$1,033,814$1,565,705
36$1,701,195$1,161,106$1,032,234$1,666,161
37$1,837,363$1,180,646$1,029,460$1,775,472
38$1,986,244$1,199,968$1,025,417$1,894,514
39$2,149,097$1,219,022$1,020,024$2,024,254
40$2,327,309$1,237,758$1,013,199$2,165,757
41$2,522,407$1,256,121$1,004,854$2,320,196
42$2,736,073$1,274,052$994,897$2,488,866
43$2,970,160$1,291,487$983,233$2,673,192
44$3,226,705$1,308,359$969,760$2,874,743
45$3,507,957$1,324,596$954,375$3,095,252
46$3,816,388$1,340,121$936,966$3,336,626
47$4,154,723$1,354,851$917,418$3,600,967
48$4,525,964$1,368,698$895,611$3,890,593
49$4,933,417$1,381,569$871,419$4,208,057
50$5,380,723$1,393,363$844,708$4,556,173
51$5,871,893$1,403,974$815,343$4,938,044
52$6,411,346$1,413,289$783,176$5,357,088
53$7,003,950$1,421,186$748,059$5,817,073
54$7,655,066$1,427,538$709,833$6,322,151
55$8,370,603$1,432,207$668,332$6,876,900
56$9,157,069$1,435,049$623,385$7,486,363
57$10,021,632$1,435,909$574,812$8,156,102
58$10,972,194$1,434,624$522,423$8,892,242
59$12,017,455$1,431,019$466,022$9,701,539
60$13,167,006$1,424,909$405,404$10,591,435
61$14,431,410$1,416,098$340,354$11,570,133
62$15,822,305$1,404,379$270,648$12,646,678
63$17,352,518$1,389,530$196,051$13,831,032
64$19,036,176$1,371,319$116,321$15,134,181
65$20,888,849$1,349,497$31,201$16,568,230
66$22,927,691$1,323,802$0$18,146,520
67$25,171,603$1,293,955$0$19,892,665
68$27,641,410$1,259,662$0$21,819,516
69$30,360,060$1,220,612$0$23,940,312
70$33,352,838$1,176,474$0$26,274,784
71$36,647,604$1,126,898$0$28,844,678
72$40,275,060$1,071,516$0$31,673,954
73$44,269,032$1,009,936$0$34,789,018
74$48,666,795$941,745$0$38,218,970
75$53,509,424$866,506$0$41,995,877
76$58,842,177$783,757$0$46,155,079
77$64,714,926$693,008$0$50,735,519
78$71,182,628$593,745$0$55,780,114
79$78,305,839$485,422$0$61,336,159
80$86,151,289$367,462$0$67,455,774
81$94,792,510$239,257$0$74,196,396
82$104,310,530$100,164$0$81,621,322
83$114,794,637$0$0$89,800,304
84$126,343,222$0$0$98,818,550
85$139,064,709$0$0$108,770,995
86$153,078,573$0$0$119,734,588
87$168,516,473$0$0$131,812,340
88$185,523,492$0$0$145,117,765
89$204,259,504$0$0$159,775,950
90$224,900,687$0$0$175,924,740
91$247,641,181$0$0$193,716,033
92$272,694,926$0$0$213,317,218
93$300,297,675$0$0$234,912,751
94$330,709,222$0$0$258,705,899
95$364,215,854$0$0$284,920,658
96$401,133,052$0$0$313,803,866
97$441,808,471$0$0$345,627,532
98$486,625,218$0$0$380,691,405
99$536,005,470$0$0$419,325,804
100$590,414,459$0$0$461,894,734