Can I retire at age 30 with 988,000?

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 $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%15.4%
1 years$81,588$80,861$80,152$79,460$78,785$77,036
2 years$40,390$39,638$38,909$38,202$37,516$35,764
3 years$26,659$25,904$25,177$24,476$23,802$22,101
4 years$19,795$19,042$18,322$17,634$16,976$15,338
5 years$15,678$14,929$14,219$13,545$12,905$11,336
6 years$12,934$12,191$11,491$10,832$10,211$8,712
7 years$10,975$10,238$9,549$8,905$8,304$6,876
8 years$9,506$8,776$8,098$7,470$6,889$5,530
9 years$8,364$7,641$6,975$6,363$5,802$4,512
10 years$7,451$6,735$6,081$5,485$4,943$3,721
11 years$6,705$5,996$5,354$4,774$4,251$3,095
12 years$6,083$5,382$4,751$4,187$3,684$2,592
13 years$5,558$4,863$4,245$3,697$3,213$2,182
14 years$5,108$4,421$3,814$3,281$2,816$1,846
15 years$4,718$4,038$3,444$2,926$2,480$1,567
16 years$4,377$3,705$3,122$2,620$2,192$1,334
17 years$4,077$3,412$2,841$2,354$1,943$1,139
18 years$3,810$3,153$2,593$2,122$1,728$975
19 years$3,572$2,922$2,374$1,917$1,540$835
20 years$3,358$2,715$2,179$1,736$1,376$717
21 years$3,164$2,529$2,004$1,576$1,231$616
22 years$2,989$2,361$1,847$1,433$1,103$531
23 years$2,829$2,208$1,706$1,305$990$457
24 years$2,682$2,069$1,577$1,190$890$394
25 years$2,547$1,942$1,461$1,087$801$340
26 years$2,423$1,825$1,355$994$722$293
27 years$2,308$1,717$1,258$910$651$253
28 years$2,202$1,618$1,170$833$587$219
29 years$2,103$1,527$1,088$764$530$189
30 years$2,011$1,442$1,014$701$479$164
31 years$1,925$1,363$945$644$433$142
32 years$1,845$1,290$882$592$392$122
33 years$1,769$1,221$823$544$354$106
34 years$1,699$1,158$769$501$321$92
35 years$1,632$1,098$719$461$291$79
36 years$1,569$1,042$673$425$263$69
37 years$1,510$990$630$391$239$60
38 years$1,454$941$590$361$216$52
39 years$1,401$894$553$333$196$45
40 years$1,351$851$518$307$178$39
41 years$1,303$810$486$283$161$33
42 years$1,258$771$456$261$147$29
43 years$1,215$735$427$241$133$25
44 years$1,174$701$401$223$121$22
45 years$1,135$668$377$206$110$19
46 years$1,098$637$354$190$100$16
47 years$1,062$608$332$175$90$14
48 years$1,028$581$312$162$82$12
49 years$996$554$294$150$75$11
50 years$965$530$276$138$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $988,000, adding $6,766 every year, while hoping to spend $42,287 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: 79/7/14 Blend
29$988,000$988,000$988,000$988,000
30$1,095,755$1,043,391$1,028,077$1,178,692
31$1,162,529$1,049,524$1,017,525$1,240,358
32$1,234,697$1,054,541$1,005,201$1,301,896
33$1,312,764$1,058,341$991,003$1,368,214
34$1,397,285$1,060,819$974,822$1,439,772
35$1,488,873$1,061,864$956,543$1,517,076
36$1,588,197$1,061,355$936,047$1,600,685
37$1,695,998$1,059,166$913,209$1,691,216
38$1,813,088$1,055,163$887,899$1,789,347
39$1,940,360$1,049,203$859,981$1,895,827
40$2,078,797$1,041,134$829,310$2,011,478
41$2,229,481$1,030,796$795,739$2,137,210
42$2,393,602$1,018,019$759,110$2,274,024
43$2,572,470$1,002,623$719,261$2,423,024
44$2,767,526$984,416$676,021$2,585,425
45$2,980,357$963,195$629,211$2,762,568
46$3,212,709$938,747$578,644$2,955,931
47$3,466,503$910,844$524,128$3,167,143
48$3,743,857$879,246$465,456$3,397,999
49$4,047,100$843,699$402,419$3,650,478
50$4,378,797$803,933$334,792$3,926,761
51$4,741,772$759,663$262,345$4,229,254
52$5,139,135$710,589$184,836$4,560,605
53$5,574,311$656,392$102,012$4,923,738
54$6,051,070$596,735$13,610$5,321,873
55$6,573,567$531,262$0$5,758,559
56$7,146,375$459,598$0$6,249,770
57$7,774,532$381,345$0$6,790,712
58$8,463,587$296,084$0$7,384,151
59$9,219,651$203,370$0$8,035,374
60$10,049,456$102,735$0$8,750,207
61$10,960,417$0$0$9,535,068
62$11,960,702$0$0$10,397,518
63$13,059,310$0$0$11,353,465
64$14,266,152$0$0$12,403,623
65$15,592,148$0$0$13,557,498
66$17,049,328$0$0$14,825,563
67$18,650,943$0$0$16,219,354
68$20,411,595$0$0$17,751,581
69$22,347,368$0$0$19,436,249
70$24,475,984$0$0$21,288,784
71$26,816,968$0$0$23,326,183
72$29,391,833$0$0$25,567,174
73$32,224,279$0$0$28,032,391
74$35,340,420$0$0$30,744,566
75$38,769,030$0$0$33,728,750
76$42,541,810$0$0$37,012,539
77$46,693,692$0$0$40,626,343
78$51,263,163$0$0$44,603,670
79$56,292,632$0$0$48,981,436
80$61,828,826$0$0$53,800,324
81$67,923,234$0$0$59,105,155
82$74,632,589$0$0$64,945,321
83$82,019,406$0$0$71,375,244
84$90,152,569$0$0$78,454,892
85$99,107,980$0$0$86,250,345
86$108,969,278$0$0$94,834,415
87$119,828,626$0$0$104,287,336
88$131,787,579$0$0$114,697,519
89$144,958,042$0$0$126,162,387
90$159,463,329$0$0$138,789,291
91$175,439,321$0$0$152,696,527
92$193,035,752$0$0$168,014,449
93$212,417,621$0$0$184,886,700
94$233,766,745$0$0$203,471,566
95$257,283,480$0$0$223,943,470
96$283,188,606$0$0$246,494,620
97$311,725,414$0$0$271,336,817
98$343,162,002$0$0$298,703,461
99$377,793,800$0$0$328,851,747
100$415,946,363$0$0$362,065,094