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%17.7%
1 years$81,588$80,861$80,152$79,460$78,785$76,324
2 years$40,390$39,638$38,909$38,202$37,516$35,059
3 years$26,659$25,904$25,177$24,476$23,802$21,425
4 years$19,795$19,042$18,322$17,634$16,976$14,698
5 years$15,678$14,929$14,219$13,545$12,905$10,732
6 years$12,934$12,191$11,491$10,832$10,211$8,145
7 years$10,975$10,238$9,549$8,905$8,304$6,345
8 years$9,506$8,776$8,098$7,470$6,889$5,035
9 years$8,364$7,641$6,975$6,363$5,802$4,051
10 years$7,451$6,735$6,081$5,485$4,943$3,293
11 years$6,705$5,996$5,354$4,774$4,251$2,699
12 years$6,083$5,382$4,751$4,187$3,684$2,226
13 years$5,558$4,863$4,245$3,697$3,213$1,846
14 years$5,108$4,421$3,814$3,281$2,816$1,537
15 years$4,718$4,038$3,444$2,926$2,480$1,284
16 years$4,377$3,705$3,122$2,620$2,192$1,075
17 years$4,077$3,412$2,841$2,354$1,943$903
18 years$3,810$3,153$2,593$2,122$1,728$759
19 years$3,572$2,922$2,374$1,917$1,540$640
20 years$3,358$2,715$2,179$1,736$1,376$540
21 years$3,164$2,529$2,004$1,576$1,231$456
22 years$2,989$2,361$1,847$1,433$1,103$385
23 years$2,829$2,208$1,706$1,305$990$326
24 years$2,682$2,069$1,577$1,190$890$276
25 years$2,547$1,942$1,461$1,087$801$234
26 years$2,423$1,825$1,355$994$722$198
27 years$2,308$1,717$1,258$910$651$168
28 years$2,202$1,618$1,170$833$587$142
29 years$2,103$1,527$1,088$764$530$121
30 years$2,011$1,442$1,014$701$479$102
31 years$1,925$1,363$945$644$433$87
32 years$1,845$1,290$882$592$392$74
33 years$1,769$1,221$823$544$354$63
34 years$1,699$1,158$769$501$321$53
35 years$1,632$1,098$719$461$291$45
36 years$1,569$1,042$673$425$263$38
37 years$1,510$990$630$391$239$33
38 years$1,454$941$590$361$216$28
39 years$1,401$894$553$333$196$24
40 years$1,351$851$518$307$178$20
41 years$1,303$810$486$283$161$17
42 years$1,258$771$456$261$147$14
43 years$1,215$735$427$241$133$12
44 years$1,174$701$401$223$121$10
45 years$1,135$668$377$206$110$9
46 years$1,098$637$354$190$100$8
47 years$1,062$608$332$175$90$6
48 years$1,028$581$312$162$82$5
49 years$996$554$294$150$75$5
50 years$965$530$276$138$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $988,000, adding $5,119 every year, while hoping to spend $22,181 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: 85/7/8 Blend
29$988,000$988,000$988,000$988,000
30$1,094,056$1,041,692$1,026,378$1,185,665
31$1,182,050$1,069,135$1,037,162$1,273,675
32$1,278,275$1,097,179$1,047,563$1,366,798
33$1,383,548$1,125,830$1,057,545$1,468,408
34$1,498,768$1,155,094$1,067,071$1,579,344
35$1,624,925$1,184,976$1,076,101$1,700,532
36$1,763,109$1,215,480$1,084,591$1,832,988
37$1,914,518$1,246,612$1,092,498$1,977,834
38$2,080,476$1,278,373$1,099,773$2,136,304
39$2,262,439$1,310,767$1,106,370$2,309,758
40$2,462,008$1,343,795$1,112,234$2,499,693
41$2,680,951$1,377,459$1,117,312$2,707,760
42$2,921,213$1,411,759$1,121,546$2,935,776
43$3,184,935$1,446,694$1,124,876$3,185,742
44$3,474,478$1,482,262$1,127,240$3,459,865
45$3,792,443$1,518,460$1,128,570$3,760,573
46$4,141,692$1,555,285$1,128,797$4,090,544
47$4,525,381$1,592,730$1,127,848$4,452,726
48$4,946,984$1,630,789$1,125,646$4,850,368
49$5,410,332$1,669,453$1,122,110$5,287,050
50$5,919,643$1,708,712$1,117,157$5,766,715
51$6,479,562$1,748,556$1,110,698$6,293,708
52$7,095,211$1,788,969$1,102,641$6,872,816
53$7,772,231$1,829,936$1,092,887$7,509,314
54$8,516,836$1,871,440$1,081,336$8,209,015
55$9,335,873$1,913,461$1,067,881$8,978,321
56$10,236,887$1,955,975$1,052,410$9,824,289
57$11,228,191$1,998,959$1,034,806$10,754,693
58$12,318,942$2,042,384$1,014,948$11,778,102
59$13,519,232$2,086,219$992,707$12,903,953
60$14,840,181$2,130,431$967,950$14,142,649
61$16,294,039$2,174,981$940,536$15,505,652
62$17,894,305$2,219,829$910,318$17,005,591
63$19,655,854$2,264,931$877,143$18,656,384
64$21,595,075$2,310,237$840,852$20,473,365
65$23,730,029$2,355,694$801,276$22,473,433
66$26,080,613$2,401,245$758,241$24,675,211
67$28,668,756$2,446,826$711,562$27,099,216
68$31,518,619$2,492,371$661,049$29,768,062
69$34,656,826$2,537,805$606,503$32,706,664
70$38,112,715$2,583,050$547,713$35,942,480
71$41,918,612$2,628,019$484,461$39,505,768
72$46,110,140$2,672,622$416,520$43,429,869
73$50,726,553$2,716,759$343,652$47,751,525
74$55,811,105$2,760,324$265,608$52,511,225
75$61,411,460$2,803,202$182,129$57,753,586
76$67,580,142$2,845,272$92,943$63,527,776
77$74,375,028$2,886,401$0$69,887,975
78$81,859,896$2,926,450$0$76,894,080
79$90,105,026$2,965,268$0$84,620,177
80$99,187,866$3,002,693$0$93,130,855
81$109,193,758$3,038,554$0$102,506,041
82$120,216,745$3,072,667$0$112,833,814
83$132,360,462$3,104,837$0$124,211,232
84$145,739,109$3,134,853$0$136,745,252
85$160,478,530$3,162,494$0$150,553,737
86$176,717,405$3,187,520$0$165,766,569
87$194,608,552$3,209,681$0$182,526,875
88$214,320,374$3,228,705$0$200,992,379
89$236,038,447$3,244,306$0$221,336,887
90$259,967,272$3,256,180$0$243,751,935
91$286,332,203$3,264,002$0$268,448,587
92$315,381,577$3,267,428$0$295,659,436
93$347,389,058$3,266,092$0$325,640,795
94$382,656,216$3,259,604$0$358,675,117
95$421,515,378$3,247,554$0$395,073,663
96$464,332,765$3,229,502$0$435,179,438
97$511,511,944$3,204,984$0$479,370,431
98$563,497,642$3,173,508$0$528,063,181
99$620,779,943$3,134,551$0$581,716,712
100$683,898,913$3,087,560$0$640,836,863