Can I retire at age 30 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$81,836$81,107$80,396$79,702$79,024$76,678
2 years$40,513$39,758$39,027$38,318$37,630$35,287
3 years$26,740$25,982$25,253$24,551$23,874$21,606
4 years$19,855$19,100$18,378$17,687$17,027$14,852
5 years$15,725$14,975$14,262$13,586$12,944$10,867
6 years$12,973$12,228$11,526$10,865$10,242$8,266
7 years$11,008$10,269$9,578$8,932$8,330$6,454
8 years$9,535$8,802$8,123$7,493$6,910$5,133
9 years$8,389$7,664$6,996$6,382$5,819$4,140
10 years$7,474$6,755$6,099$5,502$4,958$3,374
11 years$6,725$6,014$5,370$4,788$4,264$2,772
12 years$6,102$5,398$4,766$4,200$3,695$2,293
13 years$5,575$4,878$4,258$3,708$3,222$1,906
14 years$5,123$4,434$3,826$3,291$2,825$1,591
15 years$4,732$4,051$3,454$2,935$2,487$1,333
16 years$4,391$3,716$3,132$2,628$2,198$1,120
17 years$4,089$3,423$2,850$2,362$1,949$943
18 years$3,822$3,163$2,601$2,128$1,733$796
19 years$3,583$2,931$2,381$1,923$1,545$672
20 years$3,368$2,724$2,186$1,742$1,380$569
21 years$3,174$2,537$2,010$1,581$1,235$482
22 years$2,998$2,368$1,853$1,437$1,107$409
23 years$2,837$2,215$1,711$1,309$993$347
24 years$2,690$2,075$1,582$1,194$893$295
25 years$2,555$1,948$1,465$1,090$804$250
26 years$2,430$1,830$1,359$997$724$213
27 years$2,315$1,723$1,262$912$653$181
28 years$2,209$1,623$1,173$836$589$154
29 years$2,110$1,531$1,092$767$532$131
30 years$2,017$1,446$1,017$704$480$112
31 years$1,931$1,367$948$646$434$95
32 years$1,850$1,294$885$594$393$81
33 years$1,775$1,225$826$546$356$69
34 years$1,704$1,161$772$502$322$59
35 years$1,637$1,101$721$463$292$50
36 years$1,574$1,045$675$426$264$43
37 years$1,515$993$632$392$239$36
38 years$1,458$943$592$362$217$31
39 years$1,405$897$554$334$197$26
40 years$1,355$854$519$308$179$22
41 years$1,307$812$487$284$162$19
42 years$1,262$774$457$262$147$16
43 years$1,219$737$429$242$133$14
44 years$1,177$703$402$223$121$12
45 years$1,138$670$378$206$110$10
46 years$1,101$639$355$190$100$9
47 years$1,065$610$333$176$91$7
48 years$1,031$582$313$163$82$6
49 years$999$556$295$150$75$5
50 years$968$531$277$139$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $991,000, adding $4,993 every year, while hoping to spend $42,433 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: 32/41/27 Blend
29$991,000$991,000$991,000$991,000
30$1,097,232$1,044,709$1,029,349$1,123,163
31$1,164,002$1,050,752$1,018,684$1,149,439
32$1,236,159$1,055,668$1,006,239$1,173,614
33$1,314,210$1,059,358$991,910$1,198,817
34$1,398,709$1,061,716$975,589$1,225,168
35$1,490,265$1,062,628$957,159$1,252,801
36$1,589,551$1,061,976$936,503$1,281,868
37$1,697,303$1,059,630$913,493$1,312,538
38$1,814,332$1,055,457$888,000$1,345,005
39$1,941,532$1,049,312$859,885$1,379,481
40$2,079,883$1,041,043$829,007$1,416,209
41$2,230,466$1,030,489$795,213$1,455,458
42$2,394,469$1,017,479$758,348$1,497,529
43$2,573,200$1,001,830$718,248$1,542,761
44$2,768,098$983,352$674,742$1,591,529
45$2,980,748$961,839$627,649$1,644,256
46$3,212,892$937,078$576,783$1,701,412
47$3,466,450$908,838$521,949$1,763,519
48$3,743,536$876,878$462,941$1,831,164
49$4,046,474$840,943$399,548$1,904,996
50$4,377,827$800,762$331,545$1,985,741
51$4,740,415$756,048$258,701$2,074,204
52$5,137,341$706,499$180,772$2,171,283
53$5,572,027$651,794$97,504$2,277,975
54$6,048,236$591,595$8,633$2,395,390
55$6,570,117$525,543$0$2,524,758
56$7,142,236$453,262$0$2,692,282
57$7,769,622$374,350$0$2,878,913
58$8,457,817$288,387$0$3,083,934
59$9,212,923$194,926$0$3,309,304
60$10,041,659$93,496$0$3,557,190
61$10,951,431$0$0$3,829,987
62$11,950,394$0$0$4,137,745
63$13,047,532$0$0$4,522,231
64$14,252,740$0$0$4,944,752
65$15,576,922$0$0$5,409,150
66$17,032,089$0$0$5,919,657
67$18,631,471$0$0$6,480,937
68$20,389,647$0$0$7,098,128
69$22,322,676$0$0$7,776,892
70$24,448,253$0$0$8,523,463
71$26,785,872$0$0$9,344,715
72$29,357,011$0$0$10,248,218
73$32,185,333$0$0$11,242,314
74$35,296,913$0$0$12,336,195
75$38,720,477$0$0$13,539,987
76$42,487,678$0$0$14,864,849
77$46,633,391$0$0$16,323,076
78$51,196,044$0$0$17,928,216
79$56,217,978$0$0$19,695,196
80$61,745,848$0$0$21,640,464
81$67,831,060$0$0$23,782,145
82$74,530,258$0$0$26,140,209
83$81,905,858$0$0$28,736,663
84$90,026,634$0$0$31,595,756
85$98,968,371$0$0$34,744,206
86$108,814,574$0$0$38,211,457
87$119,657,260$0$0$42,029,953
88$131,597,823$0$0$46,235,444
89$144,747,993$0$0$50,867,327
90$159,230,886$0$0$55,969,011
91$175,182,171$0$0$61,588,334
92$192,751,343$0$0$67,778,008
93$212,103,139$0$0$74,596,120
94$233,419,090$0$0$82,106,679
95$256,899,233$0$0$90,380,220
96$282,763,999$0$0$99,494,471
97$311,256,295$0$0$109,535,082
98$342,643,791$0$0$120,596,439
99$377,221,452$0$0$132,782,551
100$415,314,316$0$0$146,208,033