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%12.2%
1 years$81,753$81,025$80,315$79,621$78,944$78,217
2 years$40,472$39,718$38,988$38,279$37,592$36,860
3 years$26,713$25,956$25,228$24,526$23,850$23,135
4 years$19,835$19,081$18,359$17,670$17,010$16,318
5 years$15,710$14,959$14,248$13,572$12,931$12,263
6 years$12,960$12,215$11,514$10,854$10,232$9,590
7 years$10,997$10,259$9,568$8,923$8,321$7,705
8 years$9,525$8,793$8,115$7,486$6,903$6,313
9 years$8,381$7,656$6,989$6,376$5,813$5,249
10 years$7,466$6,749$6,093$5,496$4,953$4,414
11 years$6,718$6,008$5,364$4,783$4,260$3,746
12 years$6,095$5,392$4,761$4,196$3,692$3,202
13 years$5,569$4,873$4,253$3,704$3,219$2,753
14 years$5,118$4,430$3,822$3,288$2,822$2,379
15 years$4,727$4,046$3,451$2,932$2,485$2,065
16 years$4,386$3,713$3,128$2,626$2,196$1,798
17 years$4,085$3,419$2,847$2,359$1,947$1,570
18 years$3,818$3,159$2,599$2,126$1,731$1,375
19 years$3,579$2,928$2,379$1,921$1,543$1,206
20 years$3,365$2,721$2,183$1,740$1,378$1,061
21 years$3,171$2,534$2,008$1,579$1,233$934
22 years$2,995$2,366$1,851$1,436$1,106$824
23 years$2,834$2,213$1,709$1,308$992$727
24 years$2,687$2,073$1,581$1,193$892$643
25 years$2,552$1,946$1,464$1,089$803$569
26 years$2,428$1,829$1,358$996$723$504
27 years$2,313$1,721$1,261$912$652$446
28 years$2,206$1,622$1,172$835$588$396
29 years$2,107$1,530$1,091$766$531$351
30 years$2,015$1,445$1,016$703$480$312
31 years$1,929$1,366$947$646$434$277
32 years$1,848$1,292$884$593$392$246
33 years$1,773$1,224$825$546$355$219
34 years$1,702$1,160$771$502$322$194
35 years$1,635$1,100$721$462$291$173
36 years$1,572$1,044$674$426$264$154
37 years$1,513$992$631$392$239$137
38 years$1,457$942$591$361$217$122
39 years$1,404$896$554$333$197$108
40 years$1,353$853$519$307$178$96
41 years$1,306$812$487$284$162$86
42 years$1,260$773$456$262$147$76
43 years$1,217$737$428$242$133$68
44 years$1,176$702$402$223$121$61
45 years$1,137$669$378$206$110$54
46 years$1,100$639$355$190$100$48
47 years$1,064$609$333$176$91$43
48 years$1,030$582$313$162$82$38
49 years$998$556$294$150$75$34
50 years$967$531$277$139$68$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $990,000, adding $2,350 every year, while hoping to spend $58,245 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: 63/15/22 Blend
29$990,000$990,000$990,000$990,000
30$1,093,404$1,040,934$1,025,589$1,155,894
31$1,142,959$1,029,968$997,974$1,187,380
32$1,195,616$1,016,512$967,482$1,215,042
33$1,251,631$1,000,383$933,954$1,243,929
34$1,311,283$981,386$897,227$1,274,167
35$1,374,876$959,317$857,127$1,305,896
36$1,442,746$933,956$813,473$1,339,274
37$1,515,259$905,073$766,077$1,374,476
38$1,592,817$872,423$714,742$1,411,697
39$1,675,861$835,748$659,262$1,451,157
40$1,764,873$794,774$599,422$1,493,099
41$1,860,383$749,211$534,996$1,537,795
42$1,962,974$698,754$465,750$1,585,546
43$2,073,283$643,079$391,439$1,636,689
44$2,192,012$581,844$311,806$1,691,600
45$2,319,929$514,686$226,583$1,750,694
46$2,457,880$441,224$135,492$1,814,435
47$2,606,794$361,054$38,241$1,883,339
48$2,767,691$273,750$0$1,957,977
49$2,941,692$178,860$0$2,054,371
50$3,130,029$75,908$0$2,168,421
51$3,334,058$0$0$2,292,001
52$3,555,267$0$0$2,431,938
53$3,795,296$0$0$2,597,436
54$4,055,946$0$0$2,777,214
55$4,339,198$0$0$2,972,647
56$4,647,233$0$0$3,185,246
57$4,982,448$0$0$3,416,677
58$5,347,483$0$0$3,668,769
59$5,745,241$0$0$3,943,538
60$6,178,919$0$0$4,243,201
61$6,652,033$0$0$4,570,198
62$7,168,456$0$0$4,927,216
63$7,732,447$0$0$5,317,212
64$8,348,700$0$0$5,743,441
65$9,022,377$0$0$6,209,487
66$9,759,166$0$0$6,719,297
67$10,565,328$0$0$7,277,216
68$11,447,756$0$0$7,888,028
69$12,414,041$0$0$8,557,001
70$13,472,545$0$0$9,289,938
71$14,632,472$0$0$10,093,228
72$15,903,962$0$0$10,973,909
73$17,298,182$0$0$11,939,732
74$18,827,430$0$0$12,999,232
75$20,505,255$0$0$14,161,814
76$22,346,576$0$0$15,437,833
77$24,367,831$0$0$16,838,700
78$26,587,123$0$0$18,376,980
79$29,024,397$0$0$20,066,518
80$31,701,623$0$0$21,922,564
81$34,643,003$0$0$23,961,918
82$37,875,200$0$0$26,203,089
83$41,427,587$0$0$28,666,467
84$45,332,525$0$0$31,374,515
85$49,625,665$0$0$34,351,983
86$54,346,286$0$0$37,626,135
87$59,537,663$0$0$41,227,015
88$65,247,474$0$0$45,187,718
89$71,528,250$0$0$49,544,714
90$78,437,870$0$0$54,338,180
91$86,040,104$0$0$59,612,387
92$94,405,215$0$0$65,416,111
93$103,610,621$0$0$71,803,099
94$113,741,625$0$0$78,832,567
95$124,892,218$0$0$86,569,766
96$137,165,962$0$0$95,086,592
97$150,676,973$0$0$104,462,265
98$165,550,990$0$0$114,784,078
99$181,926,562$0$0$126,148,215
100$199,956,358$0$0$138,660,664