Can I retire at age 30 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$81,918$81,189$80,477$79,782$79,103$77,097
2 years$40,554$39,798$39,066$38,357$37,668$35,660
3 years$26,767$26,009$25,279$24,576$23,898$21,951
4 years$19,875$19,119$18,396$17,705$17,044$15,173
5 years$15,741$14,990$14,276$13,599$12,957$11,166
6 years$12,986$12,240$11,537$10,876$10,252$8,545
7 years$11,019$10,279$9,588$8,941$8,338$6,713
8 years$9,544$8,811$8,131$7,501$6,917$5,374
9 years$8,398$7,672$7,003$6,389$5,825$4,363
10 years$7,481$6,762$6,106$5,507$4,963$3,581
11 years$6,732$6,020$5,375$4,793$4,269$2,963
12 years$6,108$5,403$4,770$4,204$3,699$2,468
13 years$5,580$4,883$4,262$3,712$3,226$2,067
14 years$5,128$4,439$3,829$3,295$2,828$1,739
15 years$4,737$4,055$3,458$2,938$2,490$1,468
16 years$4,395$3,720$3,135$2,631$2,200$1,243
17 years$4,093$3,426$2,852$2,364$1,951$1,055
18 years$3,826$3,166$2,604$2,130$1,735$897
19 years$3,587$2,934$2,384$1,925$1,546$765
20 years$3,371$2,726$2,188$1,743$1,381$652
21 years$3,177$2,540$2,012$1,582$1,236$557
22 years$3,001$2,371$1,855$1,439$1,108$477
23 years$2,840$2,217$1,712$1,310$994$408
24 years$2,693$2,077$1,584$1,195$894$350
25 years$2,558$1,950$1,467$1,091$804$300
26 years$2,433$1,832$1,360$998$725$257
27 years$2,318$1,724$1,263$913$653$221
28 years$2,211$1,625$1,174$837$589$189
29 years$2,112$1,533$1,093$767$532$163
30 years$2,019$1,448$1,018$704$481$140
31 years$1,933$1,368$949$647$435$120
32 years$1,852$1,295$885$594$393$103
33 years$1,777$1,226$827$547$356$89
34 years$1,705$1,162$772$503$322$76
35 years$1,639$1,102$722$463$292$66
36 years$1,576$1,046$676$426$264$56
37 years$1,516$994$632$393$240$48
38 years$1,460$944$592$362$217$42
39 years$1,407$898$555$334$197$36
40 years$1,356$854$520$308$179$31
41 years$1,308$813$488$284$162$27
42 years$1,263$775$457$262$147$23
43 years$1,220$738$429$242$134$20
44 years$1,179$703$403$224$121$17
45 years$1,139$671$378$206$110$15
46 years$1,102$640$355$191$100$13
47 years$1,066$611$334$176$91$11
48 years$1,032$583$314$163$82$9
49 years$1,000$557$295$150$75$8
50 years$969$532$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 $992,000, adding $6,694 every year, while hoping to spend $48,192 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: 67/16/17 Blend
29$992,000$992,000$992,000$992,000
30$1,100,089$1,047,513$1,032,137$1,168,830
31$1,161,022$1,047,565$1,015,438$1,215,658
32$1,226,555$1,046,005$996,564$1,260,598
33$1,297,107$1,042,702$975,391$1,308,551
34$1,373,136$1,037,518$951,791$1,359,811
35$1,455,147$1,030,308$925,628$1,414,701
36$1,543,695$1,020,917$896,759$1,473,581
37$1,639,389$1,009,178$865,038$1,536,847
38$1,742,898$994,920$830,308$1,604,936
39$1,854,958$977,955$792,408$1,678,333
40$1,976,379$958,090$751,168$1,757,572
41$2,108,049$935,115$706,411$1,843,244
42$2,250,946$908,813$657,953$1,936,003
43$2,406,148$878,949$605,599$2,036,570
44$2,574,836$845,279$549,148$2,145,742
45$2,758,314$807,542$488,389$2,264,400
46$2,958,013$765,463$423,101$2,393,516
47$3,175,509$718,749$353,054$2,534,166
48$3,412,537$667,094$278,007$2,687,535
49$3,671,005$610,171$197,709$2,854,934
50$3,953,014$547,636$111,899$3,037,812
51$4,260,876$479,125$20,303$3,237,765
52$4,597,137$404,254$0$3,456,560
53$4,964,599$322,616$0$3,710,192
54$5,366,346$233,782$0$3,991,608
55$5,805,775$137,299$0$4,299,554
56$6,286,626$32,688$0$4,636,708
57$6,813,017$0$0$5,006,028
58$7,389,481$0$0$5,424,953
59$8,021,014$0$0$5,890,262
60$8,713,114$0$0$6,400,260
61$9,471,837$0$0$6,959,417
62$10,303,855$0$0$7,572,657
63$11,216,514$0$0$8,245,405
64$12,217,907$0$0$8,983,633
65$13,316,947$0$0$9,793,922
66$14,523,453$0$0$10,683,521
67$15,848,241$0$0$11,660,413
68$17,303,223$0$0$12,733,394
69$18,901,525$0$0$13,912,153
70$20,657,605$0$0$15,207,364
71$22,587,392$0$0$16,630,785
72$24,708,432$0$0$18,195,373
73$27,040,057$0$0$19,915,398
74$29,603,567$0$0$21,806,585
75$32,422,425$0$0$23,886,257
76$35,522,484$0$0$26,173,500
77$38,932,228$0$0$28,689,344
78$42,683,040$0$0$31,456,958
79$46,809,495$0$0$34,501,869
80$51,349,691$0$0$37,852,205
81$56,345,605$0$0$41,538,957
82$61,843,487$0$0$45,596,270
83$67,894,297$0$0$50,061,770
84$74,554,188$0$0$54,976,913
85$81,885,029$0$0$60,387,380
86$89,954,996$0$0$66,343,503
87$98,839,206$0$0$72,900,744
88$108,620,433$0$0$80,120,215
89$119,389,883$0$0$88,069,255
90$131,248,057$0$0$96,822,066
91$144,305,699$0$0$106,460,410
92$158,684,835$0$0$117,074,385
93$174,519,931$0$0$128,763,267
94$191,959,159$0$0$141,636,455
95$211,165,791$0$0$155,814,498
96$232,319,743$0$0$171,430,231
97$255,619,273$0$0$188,630,033
98$281,282,846$0$0$207,575,203
99$309,551,202$0$0$228,443,484
100$340,689,621$0$0$251,430,742