Can I retire at age 30 with 991,000?

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 $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%18.3%
1 years$81,836$81,107$80,396$79,702$79,024$76,372
2 years$40,513$39,758$39,027$38,318$37,630$34,985
3 years$26,740$25,982$25,253$24,551$23,874$21,318
4 years$19,855$19,100$18,378$17,687$17,027$14,580
5 years$15,725$14,975$14,262$13,586$12,944$10,612
6 years$12,973$12,228$11,526$10,865$10,242$8,028
7 years$11,008$10,269$9,578$8,932$8,330$6,232
8 years$9,535$8,802$8,123$7,493$6,910$4,928
9 years$8,389$7,664$6,996$6,382$5,819$3,950
10 years$7,474$6,755$6,099$5,502$4,958$3,199
11 years$6,725$6,014$5,370$4,788$4,264$2,612
12 years$6,102$5,398$4,766$4,200$3,695$2,146
13 years$5,575$4,878$4,258$3,708$3,222$1,772
14 years$5,123$4,434$3,826$3,291$2,825$1,469
15 years$4,732$4,051$3,454$2,935$2,487$1,222
16 years$4,391$3,716$3,132$2,628$2,198$1,019
17 years$4,089$3,423$2,850$2,362$1,949$852
18 years$3,822$3,163$2,601$2,128$1,733$713
19 years$3,583$2,931$2,381$1,923$1,545$598
20 years$3,368$2,724$2,186$1,742$1,380$502
21 years$3,174$2,537$2,010$1,581$1,235$422
22 years$2,998$2,368$1,853$1,437$1,107$355
23 years$2,837$2,215$1,711$1,309$993$299
24 years$2,690$2,075$1,582$1,194$893$252
25 years$2,555$1,948$1,465$1,090$804$212
26 years$2,430$1,830$1,359$997$724$179
27 years$2,315$1,723$1,262$912$653$151
28 years$2,209$1,623$1,173$836$589$128
29 years$2,110$1,531$1,092$767$532$108
30 years$2,017$1,446$1,017$704$480$91
31 years$1,931$1,367$948$646$434$77
32 years$1,850$1,294$885$594$393$65
33 years$1,775$1,225$826$546$356$55
34 years$1,704$1,161$772$502$322$46
35 years$1,637$1,101$721$463$292$39
36 years$1,574$1,045$675$426$264$33
37 years$1,515$993$632$392$239$28
38 years$1,458$943$592$362$217$24
39 years$1,405$897$554$334$197$20
40 years$1,355$854$519$308$179$17
41 years$1,307$812$487$284$162$14
42 years$1,262$774$457$262$147$12
43 years$1,219$737$429$242$133$10
44 years$1,177$703$402$223$121$9
45 years$1,138$670$378$206$110$7
46 years$1,101$639$355$190$100$6
47 years$1,065$610$333$176$91$5
48 years$1,031$582$313$163$82$4
49 years$999$556$295$150$75$4
50 years$968$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 $991,000, adding $5,876 every year, while hoping to spend $45,168 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: 59/13/28 Blend
29$991,000$991,000$991,000$991,000
30$1,098,143$1,045,620$1,030,260$1,154,258
31$1,162,095$1,048,797$1,016,715$1,196,462
32$1,231,057$1,050,616$1,001,203$1,237,173
33$1,305,491$1,050,962$983,609$1,280,643
34$1,385,906$1,049,715$963,816$1,327,152
35$1,472,863$1,046,745$941,697$1,377,010
36$1,566,975$1,041,916$917,125$1,430,561
37$1,668,919$1,035,082$889,961$1,488,184
38$1,779,438$1,026,090$860,063$1,550,302
39$1,899,349$1,014,777$827,284$1,617,380
40$2,029,550$1,000,969$791,466$1,689,934
41$2,171,031$984,483$752,447$1,768,534
42$2,324,879$965,125$710,056$1,853,813
43$2,492,290$942,690$664,116$1,946,468
44$2,674,580$916,958$614,441$2,047,272
45$2,873,198$887,700$560,836$2,157,080
46$3,089,739$854,672$503,098$2,276,835
47$3,325,956$817,614$441,015$2,407,583
48$3,583,780$776,255$374,366$2,550,477
49$3,865,338$730,303$302,920$2,706,793
50$4,172,970$679,455$226,435$2,877,942
51$4,509,250$623,386$144,658$3,065,482
52$4,877,017$561,755$57,327$3,271,134
53$5,279,392$494,200$0$3,496,799
54$5,719,814$420,340$0$3,755,296
55$6,202,070$339,772$0$4,057,203
56$6,730,329$252,069$0$4,388,026
57$7,309,184$156,781$0$4,750,690
58$7,943,691$53,434$0$5,148,416
59$8,639,420$0$0$5,584,758
60$9,402,507$0$0$6,071,996
61$10,239,706$0$0$6,615,025
62$11,158,462$0$0$7,211,039
63$12,166,972$0$0$7,865,366
64$13,274,265$0$0$8,583,878
65$14,490,290$0$0$9,373,039
66$15,826,003$0$0$10,239,973
67$17,293,477$0$0$11,192,527
68$18,906,010$0$0$12,239,346
69$20,678,253$0$0$13,389,955
70$22,626,344$0$0$14,654,844
71$24,768,066$0$0$16,045,574
72$27,123,010$0$0$17,574,880
73$29,712,760$0$0$19,256,795
74$32,561,094$0$0$21,106,776
75$35,694,214$0$0$23,141,859
76$39,140,987$0$0$25,380,809
77$42,933,218$0$0$27,844,303
78$47,105,952$0$0$30,555,126
79$51,697,802$0$0$33,538,380
80$56,751,313$0$0$36,821,725
81$62,313,362$0$0$40,435,637
82$68,435,602$0$0$44,413,699
83$75,174,949$0$0$48,792,912
84$82,594,115$0$0$53,614,049
85$90,762,203$0$0$58,922,036
86$99,755,355$0$0$64,766,377
87$109,657,474$0$0$71,201,621
88$120,561,013$0$0$78,287,876
89$132,567,844$0$0$86,091,376
90$145,790,225$0$0$94,685,103
91$160,351,852$0$0$104,149,482
92$176,389,034$0$0$114,573,132
93$194,051,968$0$0$126,053,706
94$213,506,167$0$0$138,698,815
95$234,934,011$0$0$152,627,034
96$258,536,478$0$0$167,969,031
97$284,535,031$0$0$184,868,795
98$313,173,713$0$0$203,484,992
99$344,721,449$0$0$223,992,469
100$379,474,579$0$0$246,583,896