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%15%
1 years$81,671$80,943$80,233$79,541$78,864$77,240
2 years$40,431$39,678$38,948$38,241$37,554$35,926
3 years$26,686$25,930$25,202$24,501$23,826$22,243
4 years$19,815$19,061$18,341$17,652$16,993$15,469
5 years$15,694$14,944$14,233$13,558$12,918$11,456
6 years$12,947$12,203$11,502$10,843$10,221$8,824
7 years$10,986$10,248$9,559$8,914$8,313$6,979
8 years$9,515$8,785$8,106$7,478$6,896$5,627
9 years$8,373$7,649$6,982$6,370$5,808$4,602
10 years$7,459$6,742$6,087$5,491$4,948$3,804
11 years$6,712$6,002$5,359$4,779$4,256$3,172
12 years$6,089$5,387$4,756$4,191$3,688$2,663
13 years$5,563$4,868$4,249$3,700$3,216$2,249
14 years$5,113$4,425$3,818$3,285$2,819$1,907
15 years$4,723$4,042$3,447$2,929$2,482$1,623
16 years$4,382$3,709$3,125$2,623$2,194$1,386
17 years$4,081$3,416$2,844$2,357$1,945$1,187
18 years$3,814$3,156$2,596$2,124$1,730$1,019
19 years$3,576$2,925$2,377$1,919$1,542$876
20 years$3,361$2,718$2,181$1,738$1,377$754
21 years$3,168$2,532$2,006$1,577$1,232$650
22 years$2,992$2,363$1,849$1,434$1,104$561
23 years$2,831$2,210$1,707$1,306$991$485
24 years$2,685$2,071$1,579$1,191$891$419
25 years$2,550$1,944$1,462$1,088$802$363
26 years$2,426$1,827$1,356$995$722$314
27 years$2,311$1,719$1,259$911$651$272
28 years$2,204$1,620$1,171$834$588$236
29 years$2,105$1,528$1,090$765$531$205
30 years$2,013$1,443$1,015$702$479$178
31 years$1,927$1,364$946$645$433$154
32 years$1,847$1,291$883$593$392$134
33 years$1,771$1,223$824$545$355$116
34 years$1,700$1,159$770$501$321$101
35 years$1,634$1,099$720$462$291$88
36 years$1,571$1,043$674$425$264$76
37 years$1,511$991$630$392$239$66
38 years$1,455$942$590$361$217$57
39 years$1,402$895$553$333$196$50
40 years$1,352$852$518$307$178$43
41 years$1,304$811$486$283$162$38
42 years$1,259$772$456$261$147$33
43 years$1,216$736$428$241$133$29
44 years$1,175$701$402$223$121$25
45 years$1,136$669$377$206$110$22
46 years$1,099$638$354$190$100$19
47 years$1,063$609$333$176$90$16
48 years$1,029$581$313$162$82$14
49 years$997$555$294$150$75$12
50 years$966$530$276$139$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $989,000, adding $4,716 every year, while hoping to spend $41,503 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: 57/14/29 Blend
29$989,000$989,000$989,000$989,000
30$1,094,743$1,042,326$1,026,996$1,148,170
31$1,162,247$1,049,241$1,017,242$1,192,327
32$1,235,247$1,055,104$1,005,769$1,235,708
33$1,314,257$1,059,819$992,478$1,282,154
34$1,399,847$1,063,285$977,261$1,331,975
35$1,492,640$1,065,395$960,008$1,385,515
36$1,593,323$1,066,033$940,602$1,443,153
37$1,702,652$1,065,078$918,922$1,505,310
38$1,821,456$1,062,401$894,840$1,572,450
39$1,950,650$1,057,865$868,223$1,645,087
40$2,091,240$1,051,323$838,931$1,723,791
41$2,244,331$1,042,622$806,820$1,809,188
42$2,411,140$1,031,598$771,736$1,901,975
43$2,593,007$1,018,078$733,520$2,002,920
44$2,791,406$1,001,876$692,005$2,112,872
45$3,007,961$982,799$647,019$2,232,769
46$3,244,456$960,640$598,377$2,363,649
47$3,502,859$935,180$545,892$2,506,658
48$3,785,335$906,187$489,363$2,663,062
49$4,094,266$873,418$428,584$2,834,262
50$4,432,278$836,612$363,338$3,021,801
51$4,802,259$795,494$293,398$3,227,388
52$5,207,392$749,776$218,529$3,452,908
53$5,651,180$699,149$138,484$3,700,443
54$6,137,482$643,290$53,006$3,972,292
55$6,670,549$581,854$0$4,270,994
56$7,255,061$514,481$0$4,611,176
57$7,896,172$440,785$0$5,002,382
58$8,599,561$360,363$0$5,431,697
59$9,371,482$272,787$0$5,902,987
60$10,218,824$177,605$0$6,420,512
61$11,149,176$74,339$0$6,988,968
62$12,170,897$0$0$7,613,531
63$13,293,195$0$0$8,305,687
64$14,526,215$0$0$9,078,800
65$15,881,132$0$0$9,928,438
66$17,370,257$0$0$10,862,333
67$19,007,155$0$0$11,889,002
68$20,806,768$0$0$13,017,831
69$22,785,559$0$0$14,259,160
70$24,961,667$0$0$15,624,379
71$27,355,076$0$0$17,126,041
72$29,987,802$0$0$18,777,973
73$32,884,106$0$0$20,595,413
74$36,070,715$0$0$22,595,146
75$39,577,080$0$0$24,795,672
76$43,435,649$0$0$27,217,369
77$47,682,177$0$0$29,882,694
78$52,356,057$0$0$32,816,391
79$57,500,697$0$0$36,045,723
80$63,163,927$0$0$39,600,732
81$69,398,448$0$0$43,514,520
82$76,262,332$0$0$47,823,561
83$83,819,567$0$0$52,568,047
84$92,140,662$0$0$57,792,265
85$101,303,311$0$0$63,545,015
86$111,393,126$0$0$69,880,071
87$122,504,444$0$0$76,856,686
88$134,741,217$0$0$84,540,155
89$148,217,991$0$0$93,002,426
90$163,060,992$0$0$102,322,783
91$179,409,309$0$0$112,588,591
92$197,416,211$0$0$123,896,121
93$217,250,593$0$0$136,351,459
94$239,098,566$0$0$150,071,507
95$263,165,218$0$0$165,185,083
96$289,676,544$0$0$181,834,143
97$318,881,582$0$0$200,175,112
98$351,054,762$0$0$220,380,368
99$386,498,495$0$0$242,639,862
100$425,546,027$0$0$267,162,917