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%16%
1 years$81,836$81,107$80,396$79,702$79,024$77,082
2 years$40,513$39,758$39,027$38,318$37,630$35,686
3 years$26,740$25,982$25,253$24,551$23,874$21,988
4 years$19,855$19,100$18,378$17,687$17,027$15,214
5 years$15,725$14,975$14,262$13,586$12,944$11,208
6 years$12,973$12,228$11,526$10,865$10,242$8,586
7 years$11,008$10,269$9,578$8,932$8,330$6,753
8 years$9,535$8,802$8,123$7,493$6,910$5,413
9 years$8,389$7,664$6,996$6,382$5,819$4,400
10 years$7,474$6,755$6,099$5,502$4,958$3,615
11 years$6,725$6,014$5,370$4,788$4,264$2,995
12 years$6,102$5,398$4,766$4,200$3,695$2,499
13 years$5,575$4,878$4,258$3,708$3,222$2,095
14 years$5,123$4,434$3,826$3,291$2,825$1,765
15 years$4,732$4,051$3,454$2,935$2,487$1,492
16 years$4,391$3,716$3,132$2,628$2,198$1,265
17 years$4,089$3,423$2,850$2,362$1,949$1,075
18 years$3,822$3,163$2,601$2,128$1,733$916
19 years$3,583$2,931$2,381$1,923$1,545$782
20 years$3,368$2,724$2,186$1,742$1,380$668
21 years$3,174$2,537$2,010$1,581$1,235$572
22 years$2,998$2,368$1,853$1,437$1,107$490
23 years$2,837$2,215$1,711$1,309$993$420
24 years$2,690$2,075$1,582$1,194$893$360
25 years$2,555$1,948$1,465$1,090$804$309
26 years$2,430$1,830$1,359$997$724$266
27 years$2,315$1,723$1,262$912$653$228
28 years$2,209$1,623$1,173$836$589$196
29 years$2,110$1,531$1,092$767$532$169
30 years$2,017$1,446$1,017$704$480$145
31 years$1,931$1,367$948$646$434$125
32 years$1,850$1,294$885$594$393$108
33 years$1,775$1,225$826$546$356$93
34 years$1,704$1,161$772$502$322$80
35 years$1,637$1,101$721$463$292$69
36 years$1,574$1,045$675$426$264$59
37 years$1,515$993$632$392$239$51
38 years$1,458$943$592$362$217$44
39 years$1,405$897$554$334$197$38
40 years$1,355$854$519$308$179$33
41 years$1,307$812$487$284$162$28
42 years$1,262$774$457$262$147$24
43 years$1,219$737$429$242$133$21
44 years$1,177$703$402$223$121$18
45 years$1,138$670$378$206$110$16
46 years$1,101$639$355$190$100$13
47 years$1,065$610$333$176$91$12
48 years$1,031$582$313$163$82$10
49 years$999$556$295$150$75$9
50 years$968$531$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $991,000, adding $6,796 every year, while hoping to spend $47,345 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: 50/24/26 Blend
29$991,000$991,000$991,000$991,000
30$1,099,092$1,046,569$1,031,209$1,145,679
31$1,160,825$1,047,476$1,015,379$1,179,770
32$1,227,267$1,046,841$997,433$1,211,511
33$1,298,850$1,044,538$977,249$1,245,067
34$1,376,046$1,040,434$954,700$1,280,630
35$1,459,375$1,034,387$929,654$1,318,416
36$1,549,407$1,026,247$901,973$1,358,664
37$1,646,769$1,015,856$871,512$1,401,642
38$1,752,150$1,003,044$838,118$1,447,645
39$1,866,309$987,632$801,635$1,497,004
40$1,990,078$969,432$761,896$1,550,086
41$2,124,375$948,243$718,727$1,607,299
42$2,270,205$923,851$671,949$1,669,095
43$2,428,679$896,032$621,372$1,735,979
44$2,601,014$864,548$566,798$1,808,510
45$2,788,553$829,146$508,021$1,887,307
46$2,992,771$789,560$444,826$1,973,059
47$3,215,293$745,508$376,986$2,066,529
48$3,457,905$696,690$304,268$2,168,564
49$3,722,576$642,793$226,425$2,280,104
50$4,011,470$583,481$143,202$2,402,187
51$4,326,971$518,402$54,330$2,535,967
52$4,671,702$447,184$0$2,682,721
53$5,048,552$369,432$0$2,855,103
54$5,460,702$284,732$0$3,060,254
55$5,911,652$192,642$0$3,284,904
56$6,405,259$92,701$0$3,531,062
57$6,945,769$0$0$3,800,941
58$7,537,856$0$0$4,101,104
59$8,186,670$0$0$4,456,954
60$8,897,882$0$0$4,847,134
61$9,677,737$0$0$5,275,083
62$10,533,114$0$0$5,744,589
63$11,471,589$0$0$6,259,825
64$12,501,508$0$0$6,825,388
65$13,632,062$0$0$7,446,341
66$14,873,378$0$0$8,128,261
67$16,236,610$0$0$8,877,292
68$17,734,045$0$0$9,700,203
69$19,379,220$0$0$10,604,450
70$21,187,046$0$0$11,598,247
71$23,173,951$0$0$12,690,643
72$25,358,034$0$0$13,891,609
73$27,759,234$0$0$15,212,130
74$30,399,520$0$0$16,664,306
75$33,303,092$0$0$18,261,471
76$36,496,619$0$0$20,018,315
77$40,009,478$0$0$21,951,024
78$43,874,040$0$0$24,077,430
79$48,125,970$0$0$26,417,183
80$52,804,567$0$0$28,991,933
81$57,953,127$0$0$31,825,533
82$63,619,358$0$0$34,944,267
83$69,855,828$0$0$38,377,097
84$76,720,458$0$0$42,155,934
85$84,277,070$0$0$46,315,940
86$92,595,986$0$0$50,895,860
87$101,754,695$0$0$55,938,386
88$111,838,581$0$0$61,490,561
89$122,941,728$0$0$67,604,222
90$135,167,808$0$0$74,336,486
91$148,631,057$0$0$81,750,296
92$163,457,356$0$0$89,915,006
93$179,785,415$0$0$98,907,042
94$197,768,081$0$0$108,810,617
95$217,573,782$0$0$119,718,531
96$239,388,115$0$0$131,733,043
97$263,415,598$0$0$144,966,837
98$289,881,595$0$0$159,544,084
99$319,034,448$0$0$175,601,615
100$351,147,818$0$0$193,290,211