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%18.1%
1 years$81,918$81,189$80,477$79,782$79,103$76,510
2 years$40,554$39,798$39,066$38,357$37,668$35,080
3 years$26,767$26,009$25,279$24,576$23,898$21,397
4 years$19,875$19,119$18,396$17,705$17,044$14,649
5 years$15,741$14,990$14,276$13,599$12,957$10,673
6 years$12,986$12,240$11,537$10,876$10,252$8,083
7 years$11,019$10,279$9,588$8,941$8,338$6,282
8 years$9,544$8,811$8,131$7,501$6,917$4,974
9 years$8,398$7,672$7,003$6,389$5,825$3,992
10 years$7,481$6,762$6,106$5,507$4,963$3,237
11 years$6,732$6,020$5,375$4,793$4,269$2,646
12 years$6,108$5,403$4,770$4,204$3,699$2,177
13 years$5,580$4,883$4,262$3,712$3,226$1,800
14 years$5,128$4,439$3,829$3,295$2,828$1,494
15 years$4,737$4,055$3,458$2,938$2,490$1,245
16 years$4,395$3,720$3,135$2,631$2,200$1,040
17 years$4,093$3,426$2,852$2,364$1,951$870
18 years$3,826$3,166$2,604$2,130$1,735$730
19 years$3,587$2,934$2,384$1,925$1,546$613
20 years$3,371$2,726$2,188$1,743$1,381$516
21 years$3,177$2,540$2,012$1,582$1,236$434
22 years$3,001$2,371$1,855$1,439$1,108$366
23 years$2,840$2,217$1,712$1,310$994$308
24 years$2,693$2,077$1,584$1,195$894$260
25 years$2,558$1,950$1,467$1,091$804$220
26 years$2,433$1,832$1,360$998$725$186
27 years$2,318$1,724$1,263$913$653$157
28 years$2,211$1,625$1,174$837$589$133
29 years$2,112$1,533$1,093$767$532$112
30 years$2,019$1,448$1,018$704$481$95
31 years$1,933$1,368$949$647$435$80
32 years$1,852$1,295$885$594$393$68
33 years$1,777$1,226$827$547$356$57
34 years$1,705$1,162$772$503$322$49
35 years$1,639$1,102$722$463$292$41
36 years$1,576$1,046$676$426$264$35
37 years$1,516$994$632$393$240$29
38 years$1,460$944$592$362$217$25
39 years$1,407$898$555$334$197$21
40 years$1,356$854$520$308$179$18
41 years$1,308$813$488$284$162$15
42 years$1,263$775$457$262$147$13
43 years$1,220$738$429$242$134$11
44 years$1,179$703$403$224$121$9
45 years$1,139$671$378$206$110$8
46 years$1,102$640$355$191$100$7
47 years$1,066$611$334$176$91$6
48 years$1,032$583$314$163$82$5
49 years$1,000$557$295$150$75$4
50 years$969$532$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 $992,000, adding $2,237 every year, while hoping to spend $54,886 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: 55/37/8 Blend
29$992,000$992,000$992,000$992,000
30$1,095,491$1,042,915$1,027,539$1,153,544
31$1,148,833$1,035,620$1,003,564$1,185,729
32$1,205,776$1,026,128$976,945$1,214,499
33$1,266,630$1,014,273$947,538$1,244,496
34$1,331,734$999,879$915,188$1,275,844
35$1,401,459$982,762$879,735$1,308,685
36$1,476,214$962,723$841,012$1,343,175
37$1,556,446$939,555$798,844$1,379,490
38$1,642,646$913,035$753,047$1,417,826
39$1,735,352$882,930$703,431$1,458,404
40$1,835,157$848,993$649,795$1,501,471
41$1,942,710$810,960$591,930$1,547,300
42$2,058,725$768,556$529,618$1,596,199
43$2,183,986$721,487$462,632$1,648,512
44$2,319,355$669,442$390,732$1,704,619
45$2,465,779$612,094$313,671$1,764,948
46$2,624,298$549,096$231,188$1,829,974
47$2,796,056$480,082$143,014$1,900,226
48$2,982,313$404,665$48,863$1,976,292
49$3,184,451$322,435$0$2,058,829
50$3,403,993$232,962$0$2,152,972
51$3,642,611$135,789$0$2,259,864
52$3,902,148$30,433$0$2,376,258
53$4,184,630$0$0$2,503,185
54$4,492,285$0$0$2,675,830
55$4,827,567$0$0$2,877,566
56$5,193,176$0$0$3,097,636
57$5,592,082$0$0$3,337,840
58$6,027,556$0$0$3,600,158
59$6,503,199$0$0$3,886,771
60$7,022,974$0$0$4,200,080
61$7,591,244$0$0$4,542,727
62$8,212,813$0$0$4,917,623
63$8,892,971$0$0$5,327,971
64$9,637,543$0$0$5,777,301
65$10,452,941$0$0$6,269,498
66$11,346,230$0$0$6,808,840
67$12,325,187$0$0$7,400,041
68$13,398,380$0$0$8,048,290
69$14,575,244$0$0$8,759,304
70$15,866,169$0$0$9,539,380
71$17,282,603$0$0$10,395,451
72$18,837,153$0$0$11,335,159
73$20,543,706$0$0$12,366,916
74$22,417,560$0$0$13,499,994
75$24,475,567$0$0$14,744,602
76$26,736,291$0$0$16,111,990
77$29,220,180$0$0$17,614,550
78$31,949,766$0$0$19,265,934
79$34,949,866$0$0$21,081,182
80$38,247,826$0$0$23,076,865
81$41,873,769$0$0$25,271,237
82$45,860,885$0$0$27,684,412
83$50,245,741$0$0$30,338,549
84$55,068,624$0$0$33,258,063
85$60,373,922$0$0$36,469,855
86$66,210,542$0$0$40,003,563
87$72,632,370$0$0$43,891,843
88$79,698,777$0$0$48,170,678
89$87,475,182$0$0$52,879,712
90$96,033,664$0$0$58,062,630
91$105,453,646$0$0$63,767,565
92$115,822,640$0$0$70,047,553
93$127,237,072$0$0$76,961,035
94$139,803,192$0$0$84,572,404
95$153,638,076$0$0$92,952,614
96$168,870,730$0$0$102,179,852
97$185,643,304$0$0$112,340,269
98$204,112,435$0$0$123,528,798
99$224,450,723$0$0$135,850,047
100$246,848,360$0$0$149,419,283