Can I retire at age 30 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$81,753$81,025$80,315$79,621$78,944$76,234
2 years$40,472$39,718$38,988$38,279$37,592$34,890
3 years$26,713$25,956$25,228$24,526$23,850$21,240
4 years$19,835$19,081$18,359$17,670$17,010$14,512
5 years$15,710$14,959$14,248$13,572$12,931$10,551
6 years$12,960$12,215$11,514$10,854$10,232$7,973
7 years$10,997$10,259$9,568$8,923$8,321$6,182
8 years$9,525$8,793$8,115$7,486$6,903$4,883
9 years$8,381$7,656$6,989$6,376$5,813$3,909
10 years$7,466$6,749$6,093$5,496$4,953$3,162
11 years$6,718$6,008$5,364$4,783$4,260$2,578
12 years$6,095$5,392$4,761$4,196$3,692$2,115
13 years$5,569$4,873$4,253$3,704$3,219$1,744
14 years$5,118$4,430$3,822$3,288$2,822$1,444
15 years$4,727$4,046$3,451$2,932$2,485$1,199
16 years$4,386$3,713$3,128$2,626$2,196$999
17 years$4,085$3,419$2,847$2,359$1,947$834
18 years$3,818$3,159$2,599$2,126$1,731$697
19 years$3,579$2,928$2,379$1,921$1,543$584
20 years$3,365$2,721$2,183$1,740$1,378$490
21 years$3,171$2,534$2,008$1,579$1,233$411
22 years$2,995$2,366$1,851$1,436$1,106$345
23 years$2,834$2,213$1,709$1,308$992$290
24 years$2,687$2,073$1,581$1,193$892$244
25 years$2,552$1,946$1,464$1,089$803$205
26 years$2,428$1,829$1,358$996$723$173
27 years$2,313$1,721$1,261$912$652$146
28 years$2,206$1,622$1,172$835$588$123
29 years$2,107$1,530$1,091$766$531$103
30 years$2,015$1,445$1,016$703$480$87
31 years$1,929$1,366$947$646$434$74
32 years$1,848$1,292$884$593$392$62
33 years$1,773$1,224$825$546$355$52
34 years$1,702$1,160$771$502$322$44
35 years$1,635$1,100$721$462$291$37
36 years$1,572$1,044$674$426$264$31
37 years$1,513$992$631$392$239$26
38 years$1,457$942$591$361$217$22
39 years$1,404$896$554$333$197$19
40 years$1,353$853$519$307$178$16
41 years$1,306$812$487$284$162$13
42 years$1,260$773$456$262$147$11
43 years$1,217$737$428$242$133$10
44 years$1,176$702$402$223$121$8
45 years$1,137$669$378$206$110$7
46 years$1,100$639$355$190$100$6
47 years$1,064$609$333$176$91$5
48 years$1,030$582$313$162$82$4
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $990,000, adding $6,580 every year, while hoping to spend $24,417 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: 64/23/13 Blend
29$990,000$990,000$990,000$990,000
30$1,097,767$1,045,297$1,029,952$1,164,262
31$1,183,760$1,070,537$1,038,476$1,234,797
32$1,277,706$1,096,196$1,046,467$1,308,386
33$1,380,390$1,122,267$1,053,882$1,388,161
34$1,492,677$1,148,746$1,060,674$1,474,727
35$1,615,519$1,175,624$1,066,796$1,568,745
36$1,749,965$1,202,892$1,072,196$1,670,946
37$1,897,168$1,230,541$1,076,822$1,782,135
38$2,058,400$1,258,558$1,080,617$1,903,199
39$2,235,062$1,286,932$1,083,522$2,035,113
40$2,428,694$1,315,648$1,085,476$2,178,953
41$2,640,995$1,344,688$1,086,413$2,335,905
42$2,873,834$1,374,036$1,086,266$2,507,273
43$3,129,272$1,403,671$1,084,963$2,694,496
44$3,409,578$1,433,570$1,082,429$2,899,160
45$3,717,249$1,463,710$1,078,585$3,123,009
46$4,055,040$1,494,063$1,073,349$3,367,968
47$4,425,983$1,524,601$1,066,635$3,636,158
48$4,833,417$1,555,291$1,058,351$3,929,913
49$5,281,024$1,586,098$1,048,404$4,251,810
50$5,772,856$1,616,984$1,036,693$4,604,683
51$6,313,379$1,647,909$1,023,115$4,991,660
52$6,907,515$1,678,827$1,007,560$5,416,185
53$7,560,682$1,709,691$989,914$5,882,054
54$8,278,854$1,740,448$970,058$6,393,450
55$9,068,609$1,771,041$947,867$6,954,983
56$9,937,197$1,801,412$923,210$7,571,734
57$10,892,603$1,831,493$895,950$8,249,302
58$11,943,628$1,861,216$865,944$8,993,857
59$13,099,967$1,890,504$833,042$9,812,199
60$14,372,302$1,919,278$797,087$10,711,821
61$15,772,404$1,947,449$757,916$11,700,981
62$17,313,241$1,974,926$715,359$12,788,782
63$19,009,103$2,001,609$669,235$13,985,254
64$20,875,735$2,027,392$619,358$15,301,450
65$22,930,487$2,052,160$565,533$16,749,554
66$25,192,474$2,075,794$507,556$18,342,991
67$27,682,761$2,098,162$445,213$20,096,557
68$30,424,557$2,119,127$378,283$22,026,559
69$33,443,439$2,138,541$306,532$24,150,969
70$36,767,587$2,156,247$229,718$26,489,591
71$40,428,055$2,172,077$147,588$29,064,253
72$44,459,062$2,185,854$59,877$31,899,009
73$48,898,312$2,197,387$0$35,020,371
74$53,787,356$2,206,475$0$38,462,233
75$59,171,977$2,212,902$0$42,261,283
76$65,102,625$2,216,442$0$46,444,734
77$71,634,896$2,216,850$0$51,051,736
78$78,830,050$2,213,871$0$56,125,433
79$86,755,594$2,207,230$0$61,713,371
80$95,485,918$2,196,637$0$67,867,944
81$105,102,994$2,181,784$0$74,646,892
82$115,697,153$2,162,346$0$82,113,844
83$127,367,937$2,137,975$0$90,338,922
84$140,225,035$2,108,304$0$99,399,398
85$154,389,323$2,072,945$0$109,380,430
86$169,994,000$2,031,486$0$120,375,860
87$187,185,849$1,983,489$0$132,489,106
88$206,126,619$1,928,493$0$145,834,135
89$226,994,553$1,866,009$0$160,536,540
90$249,986,072$1,795,518$0$176,734,727
91$275,317,625$1,716,472$0$194,581,220
92$303,227,736$1,628,291$0$214,244,106
93$333,979,250$1,530,363$0$235,908,617
94$367,861,821$1,422,038$0$259,778,882
95$405,194,640$1,302,631$0$286,079,854
96$446,329,450$1,171,417$0$315,059,437
97$491,653,866$1,027,629$0$346,990,821
98$541,595,036$870,459$0$382,175,070
99$596,623,668$699,050$0$420,943,959
100$657,258,478$512,498$0$463,663,108