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%
1 years$81,588$80,861$80,152$79,460$78,785$76,539
2 years$40,390$39,638$38,909$38,202$37,516$35,271
3 years$26,659$25,904$25,177$24,476$23,802$21,628
4 years$19,795$19,042$18,322$17,634$16,976$14,889
5 years$15,678$14,929$14,219$13,545$12,905$10,912
6 years$12,934$12,191$11,491$10,832$10,211$8,313
7 years$10,975$10,238$9,549$8,905$8,304$6,502
8 years$9,506$8,776$8,098$7,470$6,889$5,181
9 years$8,364$7,641$6,975$6,363$5,802$4,186
10 years$7,451$6,735$6,081$5,485$4,943$3,418
11 years$6,705$5,996$5,354$4,774$4,251$2,814
12 years$6,083$5,382$4,751$4,187$3,684$2,332
13 years$5,558$4,863$4,245$3,697$3,213$1,942
14 years$5,108$4,421$3,814$3,281$2,816$1,625
15 years$4,718$4,038$3,444$2,926$2,480$1,364
16 years$4,377$3,705$3,122$2,620$2,192$1,148
17 years$4,077$3,412$2,841$2,354$1,943$969
18 years$3,810$3,153$2,593$2,122$1,728$819
19 years$3,572$2,922$2,374$1,917$1,540$694
20 years$3,358$2,715$2,179$1,736$1,376$589
21 years$3,164$2,529$2,004$1,576$1,231$500
22 years$2,989$2,361$1,847$1,433$1,103$425
23 years$2,829$2,208$1,706$1,305$990$361
24 years$2,682$2,069$1,577$1,190$890$308
25 years$2,547$1,942$1,461$1,087$801$262
26 years$2,423$1,825$1,355$994$722$223
27 years$2,308$1,717$1,258$910$651$190
28 years$2,202$1,618$1,170$833$587$162
29 years$2,103$1,527$1,088$764$530$139
30 years$2,011$1,442$1,014$701$479$118
31 years$1,925$1,363$945$644$433$101
32 years$1,845$1,290$882$592$392$86
33 years$1,769$1,221$823$544$354$74
34 years$1,699$1,158$769$501$321$63
35 years$1,632$1,098$719$461$291$54
36 years$1,569$1,042$673$425$263$46
37 years$1,510$990$630$391$239$39
38 years$1,454$941$590$361$216$33
39 years$1,401$894$553$333$196$29
40 years$1,351$851$518$307$178$24
41 years$1,303$810$486$283$161$21
42 years$1,258$771$456$261$147$18
43 years$1,215$735$427$241$133$15
44 years$1,174$701$401$223$121$13
45 years$1,135$668$377$206$110$11
46 years$1,098$637$354$190$100$10
47 years$1,062$608$332$175$90$8
48 years$1,028$581$312$162$82$7
49 years$996$554$294$150$75$6
50 years$965$530$276$138$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $988,000, adding $3,554 every year, while hoping to spend $25,489 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: 66/20/14 Blend
29$988,000$988,000$988,000$988,000
30$1,092,442$1,040,078$1,024,764$1,160,736
31$1,176,751$1,063,922$1,031,973$1,230,620
32$1,268,805$1,088,079$1,038,570$1,303,666
33$1,369,368$1,112,540$1,044,507$1,382,870
34$1,479,279$1,137,290$1,049,733$1,468,833
35$1,599,463$1,162,315$1,054,197$1,562,219
36$1,730,939$1,187,599$1,057,843$1,663,755
37$1,874,828$1,213,125$1,060,614$1,774,246
38$2,032,365$1,238,872$1,062,449$1,894,577
39$2,204,909$1,264,819$1,063,284$2,025,723
40$2,393,957$1,290,943$1,063,052$2,168,759
41$2,601,159$1,317,218$1,061,683$2,324,868
42$2,828,331$1,343,616$1,059,103$2,495,355
43$3,077,473$1,370,105$1,055,235$2,681,657
44$3,350,788$1,396,652$1,049,998$2,885,357
45$3,650,702$1,423,223$1,043,307$3,108,202
46$3,979,889$1,449,776$1,035,073$3,352,114
47$4,341,293$1,476,270$1,025,203$3,619,212
48$4,738,157$1,502,659$1,013,599$3,911,831
49$5,174,053$1,528,894$1,000,159$4,232,545
50$5,652,918$1,554,921$984,776$4,584,190
51$6,179,087$1,580,684$967,337$4,969,891
52$6,757,337$1,606,120$947,726$5,393,093
53$7,392,930$1,631,164$925,819$5,857,591
54$8,091,664$1,655,746$901,489$6,367,568
55$8,859,924$1,679,788$874,600$6,927,636
56$9,704,749$1,703,211$845,011$7,542,874
57$10,633,891$1,725,926$812,577$8,218,882
58$11,655,892$1,747,840$777,142$8,961,831
59$12,780,164$1,768,855$738,547$9,778,522
60$14,017,076$1,788,864$696,624$10,676,451
61$15,378,052$1,807,753$651,195$11,663,879
62$16,875,682$1,825,402$602,079$12,749,908
63$18,523,836$1,841,681$549,083$13,944,574
64$20,337,797$1,856,453$492,007$15,258,933
65$22,334,405$1,869,571$430,642$16,705,174
66$24,532,215$1,880,881$364,769$18,296,727
67$26,951,671$1,890,215$294,159$20,048,395
68$29,615,304$1,897,397$218,575$21,976,492
69$32,547,935$1,902,239$137,768$24,098,997
70$35,776,918$1,904,543$51,477$26,435,727
71$39,332,395$1,904,097$0$29,008,519
72$43,247,576$1,900,675$0$31,847,507
73$47,559,059$1,894,038$0$34,981,751
74$52,307,171$1,883,933$0$38,432,829
75$57,536,348$1,870,092$0$42,233,007
76$63,295,557$1,852,228$0$46,417,837
77$69,638,757$1,830,040$0$51,026,501
78$76,625,405$1,803,207$0$56,102,176
79$84,321,021$1,771,389$0$61,692,446
80$92,797,804$1,734,226$0$67,849,745
81$102,135,315$1,691,338$0$74,631,860
82$112,421,224$1,642,320$0$82,102,470
83$123,752,141$1,586,746$0$90,331,752
84$136,234,526$1,524,164$0$99,397,041
85$149,985,694$1,454,094$0$109,383,562
86$165,134,922$1,376,031$0$120,385,234
87$181,824,667$1,289,440$0$132,505,556
88$200,211,914$1,193,754$0$145,858,589
89$220,469,657$1,088,375$0$160,570,028
90$242,788,527$972,671$0$176,778,389
91$267,378,598$845,972$0$194,636,323
92$294,471,363$707,573$0$214,312,051
93$324,321,925$556,727$0$235,990,958
94$357,211,401$392,646$0$259,877,340
95$393,449,575$214,497$0$286,196,334
96$433,377,825$21,401$0$315,196,047
97$477,372,343$0$0$347,149,894
98$525,847,687$0$0$382,400,467
99$579,260,691$0$0$421,246,953
100$638,114,783$0$0$464,050,792