Can I retire at age 30 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$81,671$80,943$80,233$79,541$78,864$78,532
2 years$40,431$39,678$38,948$38,241$37,554$37,219
3 years$26,686$25,930$25,202$24,501$23,826$23,498
4 years$19,815$19,061$18,341$17,652$16,993$16,674
5 years$15,694$14,944$14,233$13,558$12,918$12,610
6 years$12,947$12,203$11,502$10,843$10,221$9,925
7 years$10,986$10,248$9,559$8,914$8,313$8,027
8 years$9,515$8,785$8,106$7,478$6,896$6,622
9 years$8,373$7,649$6,982$6,370$5,808$5,544
10 years$7,459$6,742$6,087$5,491$4,948$4,696
11 years$6,712$6,002$5,359$4,779$4,256$4,015
12 years$6,089$5,387$4,756$4,191$3,688$3,458
13 years$5,563$4,868$4,249$3,700$3,216$2,996
14 years$5,113$4,425$3,818$3,285$2,819$2,609
15 years$4,723$4,042$3,447$2,929$2,482$2,283
16 years$4,382$3,709$3,125$2,623$2,194$2,004
17 years$4,081$3,416$2,844$2,357$1,945$1,765
18 years$3,814$3,156$2,596$2,124$1,730$1,558
19 years$3,576$2,925$2,377$1,919$1,542$1,379
20 years$3,361$2,718$2,181$1,738$1,377$1,223
21 years$3,168$2,532$2,006$1,577$1,232$1,087
22 years$2,992$2,363$1,849$1,434$1,104$967
23 years$2,831$2,210$1,707$1,306$991$862
24 years$2,685$2,071$1,579$1,191$891$769
25 years$2,550$1,944$1,462$1,088$802$686
26 years$2,426$1,827$1,356$995$722$614
27 years$2,311$1,719$1,259$911$651$549
28 years$2,204$1,620$1,171$834$588$491
29 years$2,105$1,528$1,090$765$531$440
30 years$2,013$1,443$1,015$702$479$395
31 years$1,927$1,364$946$645$433$354
32 years$1,847$1,291$883$593$392$318
33 years$1,771$1,223$824$545$355$285
34 years$1,700$1,159$770$501$321$256
35 years$1,634$1,099$720$462$291$230
36 years$1,571$1,043$674$425$264$207
37 years$1,511$991$630$392$239$186
38 years$1,455$942$590$361$217$167
39 years$1,402$895$553$333$196$150
40 years$1,352$852$518$307$178$135
41 years$1,304$811$486$283$162$121
42 years$1,259$772$456$261$147$109
43 years$1,216$736$428$241$133$98
44 years$1,175$701$402$223$121$88
45 years$1,136$669$377$206$110$80
46 years$1,099$638$354$190$100$72
47 years$1,063$609$333$176$90$64
48 years$1,029$581$313$162$82$58
49 years$997$555$294$150$75$52
50 years$966$530$276$139$68$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $989,000, adding $4,742 every year, while hoping to spend $57,609 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: 42/49/9 Blend
29$989,000$989,000$989,000$989,000
30$1,094,769$1,042,352$1,027,023$1,137,669
31$1,145,140$1,032,132$1,000,133$1,157,853
32$1,198,718$1,019,480$970,411$1,173,518
33$1,255,770$1,004,217$937,702$1,189,175
34$1,316,586$986,151$901,842$1,204,845
35$1,381,486$965,081$862,662$1,220,557
36$1,450,820$940,793$819,984$1,236,346
37$1,524,972$913,060$773,622$1,252,257
38$1,604,362$881,642$723,381$1,268,342
39$1,689,450$846,286$669,057$1,284,665
40$1,780,743$806,723$610,440$1,301,304
41$1,878,795$762,669$547,306$1,318,348
42$1,984,216$713,823$479,424$1,335,904
43$2,097,673$659,868$406,552$1,354,094
44$2,219,902$600,468$328,438$1,373,065
45$2,351,709$535,267$244,818$1,392,980
46$2,493,979$463,892$155,415$1,414,033
47$2,647,687$385,944$59,943$1,436,444
48$2,813,901$301,005$0$1,460,464
49$2,993,798$208,633$0$1,490,409
50$3,188,670$108,361$0$1,528,985
51$3,399,938$0$0$1,570,832
52$3,629,165$0$0$1,616,571
53$3,878,071$0$0$1,729,785
54$4,148,544$0$0$1,852,919
55$4,442,666$0$0$1,986,934
56$4,762,724$0$0$2,132,886
57$5,111,235$0$0$2,291,939
58$5,490,969$0$0$2,465,372
59$5,904,976$0$0$2,654,595
60$6,356,610$0$0$2,861,158
61$6,849,565$0$0$3,086,767
62$7,387,905$0$0$3,333,303
63$7,976,106$0$0$3,602,833
64$8,619,095$0$0$3,897,636
65$9,322,295$0$0$4,220,219
66$10,091,679$0$0$4,573,344
67$10,933,824$0$0$4,960,051
68$11,855,971$0$0$5,383,690
69$12,866,093$0$0$5,847,948
70$13,972,974$0$0$6,356,886
71$15,186,284$0$0$6,914,978
72$16,516,677$0$0$7,527,151
73$17,975,883$0$0$8,198,831
74$19,576,825$0$0$8,935,996
75$21,333,737$0$0$9,745,229
76$23,262,295$0$0$10,633,783
77$25,379,772$0$0$11,609,648
78$27,705,189$0$0$12,681,625
79$30,259,504$0$0$13,859,409
80$33,065,804$0$0$15,153,681
81$36,149,521$0$0$16,576,208
82$39,538,674$0$0$18,139,953
83$43,264,130$0$0$19,859,199
84$47,359,897$0$0$21,749,681
85$51,863,441$0$0$23,828,735
86$56,816,041$0$0$26,115,460
87$62,263,176$0$0$28,630,902
88$68,254,953$0$0$31,398,246
89$74,846,581$0$0$34,443,040
90$82,098,888$0$0$37,793,431
91$90,078,896$0$0$41,480,433
92$98,860,452$0$0$45,538,220
93$108,524,921$0$0$50,004,445
94$119,161,959$0$0$54,920,597
95$130,870,350$0$0$60,332,391
96$143,758,945$0$0$66,290,199
97$157,947,680$0$0$72,849,527
98$173,568,714$0$0$80,071,535
99$190,767,671$0$0$88,023,615
100$209,705,011$0$0$96,780,028