Can I retire at age 30 with 989,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$81,671$80,943$80,233$79,541$78,864$76,370
2 years$40,431$39,678$38,948$38,241$37,554$35,064
3 years$26,686$25,930$25,202$24,501$23,826$21,418
4 years$19,815$19,061$18,341$17,652$16,993$14,686
5 years$15,694$14,944$14,233$13,558$12,918$10,717
6 years$12,947$12,203$11,502$10,843$10,221$8,129
7 years$10,986$10,248$9,559$8,914$8,313$6,329
8 years$9,515$8,785$8,106$7,478$6,896$5,020
9 years$8,373$7,649$6,982$6,370$5,808$4,036
10 years$7,459$6,742$6,087$5,491$4,948$3,279
11 years$6,712$6,002$5,359$4,779$4,256$2,686
12 years$6,089$5,387$4,756$4,191$3,688$2,214
13 years$5,563$4,868$4,249$3,700$3,216$1,834
14 years$5,113$4,425$3,818$3,285$2,819$1,526
15 years$4,723$4,042$3,447$2,929$2,482$1,274
16 years$4,382$3,709$3,125$2,623$2,194$1,066
17 years$4,081$3,416$2,844$2,357$1,945$894
18 years$3,814$3,156$2,596$2,124$1,730$752
19 years$3,576$2,925$2,377$1,919$1,542$633
20 years$3,361$2,718$2,181$1,738$1,377$534
21 years$3,168$2,532$2,006$1,577$1,232$450
22 years$2,992$2,363$1,849$1,434$1,104$380
23 years$2,831$2,210$1,707$1,306$991$321
24 years$2,685$2,071$1,579$1,191$891$272
25 years$2,550$1,944$1,462$1,088$802$230
26 years$2,426$1,827$1,356$995$722$195
27 years$2,311$1,719$1,259$911$651$165
28 years$2,204$1,620$1,171$834$588$140
29 years$2,105$1,528$1,090$765$531$119
30 years$2,013$1,443$1,015$702$479$101
31 years$1,927$1,364$946$645$433$85
32 years$1,847$1,291$883$593$392$72
33 years$1,771$1,223$824$545$355$61
34 years$1,700$1,159$770$501$321$52
35 years$1,634$1,099$720$462$291$44
36 years$1,571$1,043$674$425$264$37
37 years$1,511$991$630$392$239$32
38 years$1,455$942$590$361$217$27
39 years$1,402$895$553$333$196$23
40 years$1,352$852$518$307$178$19
41 years$1,304$811$486$283$162$16
42 years$1,259$772$456$261$147$14
43 years$1,216$736$428$241$133$12
44 years$1,175$701$402$223$121$10
45 years$1,136$669$377$206$110$9
46 years$1,099$638$354$190$100$7
47 years$1,063$609$333$176$90$6
48 years$1,029$581$313$162$82$5
49 years$997$555$294$150$75$4
50 years$966$530$276$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $989,000, adding $5,862 every year, while hoping to spend $58,069 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: 62/22/16 Blend
29$989,000$989,000$989,000$989,000
30$1,095,925$1,043,508$1,028,178$1,159,140
31$1,145,924$1,032,855$1,000,837$1,191,706
32$1,199,077$1,019,733$970,634$1,220,154
33$1,255,644$1,003,961$937,412$1,249,829
34$1,315,910$985,346$901,005$1,280,854
35$1,380,188$963,683$861,243$1,313,366
36$1,448,818$938,754$817,946$1,347,519
37$1,522,176$910,332$770,926$1,383,486
38$1,600,672$878,172$719,986$1,421,459
39$1,684,757$842,019$664,922$1,461,652
40$1,774,924$801,600$605,519$1,504,305
41$1,871,715$756,627$541,553$1,549,684
42$1,975,725$706,797$472,790$1,598,088
43$2,087,607$651,787$398,986$1,649,848
44$2,208,077$591,259$319,886$1,705,333
45$2,337,922$524,852$235,223$1,764,955
46$2,478,007$452,186$144,720$1,829,169
47$2,629,281$372,861$48,085$1,898,486
48$2,792,788$286,452$0$1,973,470
49$2,969,676$192,512$0$2,064,146
50$3,161,206$90,567$0$2,171,187
51$3,368,763$0$0$2,287,207
52$3,593,871$0$0$2,417,939
53$3,838,208$0$0$2,583,697
54$4,103,617$0$0$2,763,816
55$4,392,126$0$0$2,959,678
56$4,705,966$0$0$3,172,808
57$5,047,591$0$0$3,404,882
58$5,419,703$0$0$3,657,743
59$5,825,275$0$0$3,933,421
60$6,267,576$0$0$4,234,150
61$6,750,208$0$0$4,562,389
62$7,277,134$0$0$4,920,842
63$7,852,716$0$0$5,312,490
64$8,481,757$0$0$5,740,613
65$9,169,544$0$0$6,208,821
66$9,921,899$0$0$6,721,090
67$10,745,231$0$0$7,281,798
68$11,646,599$0$0$7,895,766
69$12,633,775$0$0$8,568,302
70$13,715,319$0$0$9,305,253
71$14,900,656$0$0$10,113,056
72$16,200,169$0$0$10,998,804
73$17,625,291$0$0$11,970,306
74$19,188,615$0$0$13,036,164
75$20,904,014$0$0$14,205,853
76$22,786,764$0$0$15,489,811
77$24,853,698$0$0$16,899,533
78$27,123,353$0$0$18,447,685
79$29,616,153$0$0$20,148,217
80$32,354,593$0$0$22,016,497
81$35,363,459$0$0$24,069,457
82$38,670,054$0$0$26,325,748
83$42,304,455$0$0$28,805,918
84$46,299,803$0$0$31,532,607
85$50,692,605$0$0$34,530,755
86$55,523,085$0$0$37,827,842
87$60,835,558$0$0$41,454,142
88$66,678,852$0$0$45,443,012
89$73,106,760$0$0$49,831,205
90$80,178,555$0$0$54,659,213
91$87,959,542$0$0$59,971,653
92$96,521,678$0$0$65,817,683
93$105,944,244$0$0$72,251,469
94$116,314,599$0$0$79,332,693
95$127,728,998$0$0$87,127,117
96$140,293,500$0$0$95,707,200
97$154,124,970$0$0$105,152,785
98$169,352,178$0$0$115,551,849
99$186,117,015$0$0$127,001,331
100$204,575,829$0$0$139,608,052