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%12.9%
1 years$81,753$81,025$80,315$79,621$78,944$77,990
2 years$40,472$39,718$38,988$38,279$37,592$36,632
3 years$26,713$25,956$25,228$24,526$23,850$22,914
4 years$19,835$19,081$18,359$17,670$17,010$16,105
5 years$15,710$14,959$14,248$13,572$12,931$12,059
6 years$12,960$12,215$11,514$10,854$10,232$9,394
7 years$10,997$10,259$9,568$8,923$8,321$7,519
8 years$9,525$8,793$8,115$7,486$6,903$6,136
9 years$8,381$7,656$6,989$6,376$5,813$5,081
10 years$7,466$6,749$6,093$5,496$4,953$4,255
11 years$6,718$6,008$5,364$4,783$4,260$3,595
12 years$6,095$5,392$4,761$4,196$3,692$3,059
13 years$5,569$4,873$4,253$3,704$3,219$2,619
14 years$5,118$4,430$3,822$3,288$2,822$2,252
15 years$4,727$4,046$3,451$2,932$2,485$1,945
16 years$4,386$3,713$3,128$2,626$2,196$1,686
17 years$4,085$3,419$2,847$2,359$1,947$1,465
18 years$3,818$3,159$2,599$2,126$1,731$1,276
19 years$3,579$2,928$2,379$1,921$1,543$1,114
20 years$3,365$2,721$2,183$1,740$1,378$975
21 years$3,171$2,534$2,008$1,579$1,233$854
22 years$2,995$2,366$1,851$1,436$1,106$749
23 years$2,834$2,213$1,709$1,308$992$658
24 years$2,687$2,073$1,581$1,193$892$578
25 years$2,552$1,946$1,464$1,089$803$509
26 years$2,428$1,829$1,358$996$723$448
27 years$2,313$1,721$1,261$912$652$395
28 years$2,206$1,622$1,172$835$588$348
29 years$2,107$1,530$1,091$766$531$307
30 years$2,015$1,445$1,016$703$480$271
31 years$1,929$1,366$947$646$434$240
32 years$1,848$1,292$884$593$392$212
33 years$1,773$1,224$825$546$355$187
34 years$1,702$1,160$771$502$322$165
35 years$1,635$1,100$721$462$291$146
36 years$1,572$1,044$674$426$264$129
37 years$1,513$992$631$392$239$114
38 years$1,457$942$591$361$217$101
39 years$1,404$896$554$333$197$89
40 years$1,353$853$519$307$178$79
41 years$1,306$812$487$284$162$70
42 years$1,260$773$456$262$147$62
43 years$1,217$737$428$242$133$55
44 years$1,176$702$402$223$121$49
45 years$1,137$669$378$206$110$43
46 years$1,100$639$355$190$100$38
47 years$1,064$609$333$176$91$34
48 years$1,030$582$313$162$82$30
49 years$998$556$294$150$75$26
50 years$967$531$277$139$68$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $990,000, adding $3,971 every year, while hoping to spend $55,892 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: 61/26/13 Blend
29$990,000$990,000$990,000$990,000
30$1,095,076$1,042,606$1,027,261$1,158,185
31$1,147,305$1,034,225$1,002,206$1,192,684
32$1,202,988$1,023,560$974,438$1,223,625
33$1,262,419$1,010,441$943,807$1,256,035
34$1,325,918$994,685$910,157$1,290,060
35$1,393,839$976,101$873,324$1,325,863
36$1,466,567$954,486$833,137$1,363,626
37$1,544,525$929,625$789,415$1,403,550
38$1,628,179$901,288$741,973$1,445,860
39$1,718,038$869,236$690,614$1,490,807
40$1,814,661$833,213$635,133$1,538,671
41$1,918,664$792,948$575,318$1,589,762
42$2,030,721$748,155$510,944$1,644,426
43$2,151,573$698,533$441,779$1,703,047
44$2,282,034$643,762$367,579$1,766,054
45$2,422,998$583,503$288,090$1,833,920
46$2,575,449$517,400$203,046$1,907,175
47$2,740,467$445,074$112,170$1,986,404
48$2,919,240$366,128$15,173$2,072,260
49$3,113,074$280,140$0$2,165,463
50$3,323,406$186,665$0$2,279,070
51$3,551,814$85,232$0$2,404,761
52$3,800,037$0$0$2,541,459
53$4,069,986$0$0$2,697,361
54$4,363,763$0$0$2,893,629
55$4,683,682$0$0$3,107,432
56$5,032,290$0$0$3,340,481
57$5,412,389$0$0$3,594,657
58$5,827,062$0$0$3,872,034
59$6,279,704$0$0$4,174,890
60$6,774,051$0$0$4,505,737
61$7,314,216$0$0$4,867,337
62$7,904,729$0$0$5,262,735
63$8,550,575$0$0$5,695,280
64$9,257,243$0$0$6,168,660
65$10,030,779$0$0$6,686,937
66$10,877,838$0$0$7,254,584
67$11,805,750$0$0$7,876,528
68$12,822,588$0$0$8,558,191
69$13,937,242$0$0$9,305,550
70$15,159,504$0$0$10,125,183
71$16,500,157$0$0$11,024,339
72$17,971,080$0$0$12,011,000
73$19,585,356$0$0$13,093,958
74$21,357,397$0$0$14,282,901
75$23,303,078$0$0$15,588,496
76$25,439,885$0$0$17,022,498
77$27,787,084$0$0$18,597,852
78$30,365,895$0$0$20,328,824
79$33,199,698$0$0$22,231,125
80$36,314,248$0$0$24,322,067
81$39,737,919$0$0$26,620,721
82$43,501,973$0$0$29,148,098
83$47,640,851$0$0$31,927,348
84$52,192,496$0$0$34,983,975
85$57,198,716$0$0$38,346,079
86$62,705,573$0$0$42,044,621
87$68,763,814$0$0$46,113,711
88$75,429,359$0$0$50,590,936
89$82,763,815$0$0$55,517,708
90$90,835,066$0$0$60,939,654
91$99,717,910$0$0$66,907,052
92$109,494,760$0$0$73,475,299
93$120,256,426$0$0$80,705,434
94$132,102,968$0$0$88,664,716
95$145,144,639$0$0$97,427,256
96$159,502,926$0$0$107,074,714
97$175,311,695$0$0$117,697,075
98$192,718,452$0$0$129,393,490
99$211,885,734$0$0$142,273,216
100$232,992,644$0$0$156,456,644