Can I retire at age 30 with 992,000?

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 $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 $4,731 every year, while hoping to spend $28,932 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: 57/23/20 Blend
29$992,000$992,000$992,000$992,000
30$1,098,064$1,045,488$1,030,112$1,154,536
31$1,179,283$1,065,934$1,033,837$1,213,970
32$1,267,817$1,086,411$1,036,718$1,275,191
33$1,364,381$1,106,892$1,038,695$1,341,273
34$1,469,763$1,127,345$1,039,706$1,412,690
35$1,584,829$1,147,735$1,039,687$1,489,964
36$1,710,535$1,168,027$1,038,569$1,573,673
37$1,847,930$1,188,181$1,036,282$1,664,453
38$1,998,171$1,208,155$1,032,750$1,763,003
39$2,162,533$1,227,902$1,027,895$1,870,098
40$2,342,416$1,247,374$1,021,634$1,986,588
41$2,539,366$1,266,519$1,013,882$2,113,415
42$2,755,082$1,285,279$1,004,548$2,251,612
43$2,991,438$1,303,595$993,538$2,402,323
44$3,250,494$1,321,401$980,751$2,566,808
45$3,534,524$1,338,629$966,085$2,746,453
46$3,846,027$1,355,204$949,431$2,942,792
47$4,187,760$1,371,047$930,675$3,157,511
48$4,562,757$1,386,073$909,698$3,392,472
49$4,974,360$1,400,193$886,375$3,649,727
50$5,426,253$1,413,310$860,577$3,931,540
51$5,922,490$1,425,322$832,166$4,240,406
52$6,467,541$1,436,120$801,000$4,579,074
53$7,066,327$1,445,587$766,930$4,950,579
54$7,724,270$1,453,599$729,801$5,358,264
55$8,447,345$1,460,024$689,449$5,805,817
56$9,242,133$1,464,724$645,703$6,297,302
57$10,115,883$1,467,548$598,387$6,837,200
58$11,076,584$1,468,339$547,314$7,430,454
59$12,133,036$1,466,928$492,290$8,082,511
60$13,294,936$1,463,138$433,111$8,799,376
61$14,572,966$1,456,777$369,567$9,587,670
62$15,978,896$1,447,647$301,435$10,454,692
63$17,525,694$1,435,533$228,484$11,408,489
64$19,227,651$1,420,210$150,474$12,457,933
65$21,100,508$1,401,437$67,152$13,612,803
66$23,161,613$1,378,961$0$14,883,880
67$25,430,080$1,352,512$0$16,287,693
68$27,926,969$1,321,806$0$17,848,294
69$30,675,486$1,286,541$0$19,565,840
70$33,701,200$1,246,396$0$21,456,315
71$37,032,288$1,201,034$0$23,537,335
72$40,699,793$1,150,097$0$25,828,314
73$44,737,925$1,093,205$0$28,350,649
74$49,184,380$1,029,958$0$31,127,920
75$54,080,693$959,933$0$34,186,114
76$59,472,635$882,681$0$37,553,874
77$65,410,640$797,728$0$41,262,765
78$71,950,282$704,574$0$45,347,573
79$79,152,803$602,690$0$49,846,639
80$87,085,684$491,517$0$54,802,215
81$95,823,287$370,464$0$60,260,868
82$105,447,553$238,908$0$66,273,917
83$116,048,779$96,190$0$72,897,921
84$127,726,465$0$0$80,195,213
85$140,590,258$0$0$88,249,265
86$154,760,981$0$0$97,148,539
87$170,371,780$0$0$106,952,321
88$187,569,374$0$0$117,752,770
89$206,515,442$0$0$129,651,441
90$227,388,149$0$0$142,760,244
91$250,383,829$0$0$157,202,503
92$275,718,834$0$0$173,114,115
93$303,631,579$0$0$190,644,835
94$334,384,791$0$0$209,959,691
95$368,267,988$0$0$231,240,538
96$405,600,213$0$0$254,687,778
97$446,733,046$0$0$280,522,248
98$492,053,919$0$0$308,987,309
99$541,989,774$0$0$340,351,137
100$597,011,097$0$0$374,909,260