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%13.2%
1 years$81,918$81,189$80,477$79,782$79,103$78,050
2 years$40,554$39,798$39,066$38,357$37,668$36,609
3 years$26,767$26,009$25,279$24,576$23,898$22,866
4 years$19,875$19,119$18,396$17,705$17,044$16,047
5 years$15,741$14,990$14,276$13,599$12,957$11,997
6 years$12,986$12,240$11,537$10,876$10,252$9,331
7 years$11,019$10,279$9,588$8,941$8,338$7,455
8 years$9,544$8,811$8,131$7,501$6,917$6,074
9 years$8,398$7,672$7,003$6,389$5,825$5,020
10 years$7,481$6,762$6,106$5,507$4,963$4,196
11 years$6,732$6,020$5,375$4,793$4,269$3,539
12 years$6,108$5,403$4,770$4,204$3,699$3,006
13 years$5,580$4,883$4,262$3,712$3,226$2,568
14 years$5,128$4,439$3,829$3,295$2,828$2,204
15 years$4,737$4,055$3,458$2,938$2,490$1,900
16 years$4,395$3,720$3,135$2,631$2,200$1,643
17 years$4,093$3,426$2,852$2,364$1,951$1,425
18 years$3,826$3,166$2,604$2,130$1,735$1,239
19 years$3,587$2,934$2,384$1,925$1,546$1,079
20 years$3,371$2,726$2,188$1,743$1,381$942
21 years$3,177$2,540$2,012$1,582$1,236$823
22 years$3,001$2,371$1,855$1,439$1,108$721
23 years$2,840$2,217$1,712$1,310$994$631
24 years$2,693$2,077$1,584$1,195$894$554
25 years$2,558$1,950$1,467$1,091$804$486
26 years$2,433$1,832$1,360$998$725$427
27 years$2,318$1,724$1,263$913$653$376
28 years$2,211$1,625$1,174$837$589$330
29 years$2,112$1,533$1,093$767$532$291
30 years$2,019$1,448$1,018$704$481$256
31 years$1,933$1,368$949$647$435$225
32 years$1,852$1,295$885$594$393$199
33 years$1,777$1,226$827$547$356$175
34 years$1,705$1,162$772$503$322$154
35 years$1,639$1,102$722$463$292$136
36 years$1,576$1,046$676$426$264$120
37 years$1,516$994$632$393$240$106
38 years$1,460$944$592$362$217$93
39 years$1,407$898$555$334$197$82
40 years$1,356$854$520$308$179$73
41 years$1,308$813$488$284$162$64
42 years$1,263$775$457$262$147$57
43 years$1,220$738$429$242$134$50
44 years$1,179$703$403$224$121$44
45 years$1,139$671$378$206$110$39
46 years$1,102$640$355$191$100$34
47 years$1,066$611$334$176$91$30
48 years$1,032$583$314$163$82$27
49 years$1,000$557$295$150$75$24
50 years$969$532$277$139$68$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $992,000, adding $3,151 every year, while hoping to spend $41,952 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: 39/50/11 Blend
29$992,000$992,000$992,000$992,000
30$1,096,434$1,043,858$1,028,482$1,135,431
31$1,163,634$1,050,371$1,018,300$1,169,825
32$1,236,282$1,055,796$1,006,370$1,202,633
33$1,314,890$1,060,037$992,591$1,237,173
34$1,400,019$1,062,990$976,853$1,273,622
35$1,492,289$1,064,544$959,046$1,312,173
36$1,592,379$1,064,583$939,050$1,353,045
37$1,701,036$1,062,982$916,742$1,396,479
38$1,819,082$1,059,608$891,994$1,442,745
39$1,947,422$1,054,323$864,669$1,492,143
40$2,087,050$1,046,976$834,627$1,545,006
41$2,239,062$1,037,411$801,720$1,601,706
42$2,404,662$1,025,459$765,793$1,662,655
43$2,585,175$1,010,945$726,684$1,728,312
44$2,782,061$993,679$684,226$1,799,185
45$2,996,924$973,462$638,241$1,875,841
46$3,231,534$950,085$588,545$1,958,908
47$3,487,834$923,323$534,945$2,049,082
48$3,767,968$892,940$477,241$2,147,139
49$4,074,293$858,687$415,221$2,253,937
50$4,409,406$820,298$348,666$2,370,427
51$4,776,165$777,493$277,346$2,497,666
52$5,177,720$729,976$201,023$2,636,825
53$5,617,537$677,434$119,447$2,789,200
54$6,099,433$619,535$32,355$2,956,230
55$6,627,613$555,930$0$3,139,507
56$7,206,707$486,249$0$3,347,905
57$7,841,817$410,100$0$3,580,783
58$8,538,558$327,071$0$3,836,535
59$9,303,118$236,725$0$4,117,593
60$10,142,313$138,601$0$4,426,643
61$11,063,649$32,213$0$4,766,656
62$12,075,397$0$0$5,140,917
63$13,186,665$0$0$5,598,698
64$14,407,489$0$0$6,121,221
65$15,748,925$0$0$6,695,512
66$17,223,151$0$0$7,326,803
67$18,843,585$0$0$8,020,859
68$20,625,009$0$0$8,784,031
69$22,583,708$0$0$9,623,315
70$24,737,626$0$0$10,546,420
71$27,106,530$0$0$11,561,840
72$29,712,201$0$0$12,678,934
73$32,578,636$0$0$13,908,010
74$35,732,274$0$0$15,260,432
75$39,202,249$0$0$16,748,715
76$43,020,656$0$0$18,386,652
77$47,222,865$0$0$20,189,440
78$51,847,843$0$0$22,173,824
79$56,938,528$0$0$24,358,254
80$62,542,233$0$0$26,763,062
81$68,711,089$0$0$29,410,648
82$75,502,539$0$0$32,325,697
83$82,979,879$0$0$35,535,409
84$91,212,854$0$0$39,069,755
85$100,278,317$0$0$42,961,761
86$110,260,952$0$0$47,247,819
87$121,254,075$0$0$51,968,029
88$133,360,511$0$0$57,166,580
89$146,693,567$0$0$62,892,164
90$161,378,099$0$0$69,198,437
91$177,551,690$0$0$76,144,526
92$195,365,947$0$0$83,795,583
93$214,987,933$0$0$92,223,403
94$236,601,744$0$0$101,507,102
95$260,410,243$0$0$111,733,862
96$286,636,975$0$0$122,999,751
97$315,528,277$0$0$135,410,636
98$347,355,604$0$0$149,083,175
99$382,418,086$0$0$164,145,924
100$421,045,357$0$0$180,740,546