Can I retire at age 30 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$82,001$81,271$80,558$79,862$79,183$77,144
2 years$40,595$39,839$39,106$38,395$37,706$35,665
3 years$26,794$26,035$25,304$24,600$23,922$21,943
4 years$19,895$19,138$18,415$17,723$17,062$15,160
5 years$15,757$15,005$14,291$13,613$12,970$11,151
6 years$12,999$12,253$11,549$10,886$10,263$8,528
7 years$11,030$10,290$9,597$8,950$8,346$6,696
8 years$9,554$8,820$8,139$7,508$6,924$5,358
9 years$8,406$7,680$7,010$6,395$5,831$4,347
10 years$7,489$6,769$6,112$5,513$4,968$3,565
11 years$6,739$6,026$5,381$4,798$4,273$2,948
12 years$6,114$5,409$4,775$4,208$3,703$2,455
13 years$5,586$4,888$4,266$3,715$3,229$2,054
14 years$5,133$4,443$3,833$3,298$2,831$1,727
15 years$4,742$4,059$3,461$2,941$2,492$1,457
16 years$4,399$3,724$3,138$2,634$2,203$1,233
17 years$4,098$3,429$2,855$2,366$1,953$1,045
18 years$3,830$3,169$2,607$2,132$1,737$889
19 years$3,590$2,937$2,386$1,927$1,548$757
20 years$3,375$2,729$2,190$1,745$1,383$645
21 years$3,180$2,542$2,014$1,584$1,237$551
22 years$3,004$2,373$1,857$1,440$1,109$471
23 years$2,843$2,219$1,714$1,312$995$403
24 years$2,695$2,079$1,585$1,196$895$345
25 years$2,560$1,951$1,468$1,092$805$295
26 years$2,435$1,834$1,362$999$725$253
27 years$2,320$1,726$1,265$914$654$217
28 years$2,213$1,626$1,176$838$590$186
29 years$2,114$1,534$1,094$768$533$160
30 years$2,021$1,449$1,019$705$481$137
31 years$1,935$1,370$950$647$435$118
32 years$1,854$1,296$886$595$394$101
33 years$1,778$1,227$828$547$356$87
34 years$1,707$1,163$773$503$323$75
35 years$1,640$1,103$723$463$292$64
36 years$1,577$1,047$676$427$265$55
37 years$1,518$995$633$393$240$47
38 years$1,461$945$593$362$218$41
39 years$1,408$899$555$334$197$35
40 years$1,358$855$521$308$179$30
41 years$1,310$814$488$284$162$26
42 years$1,264$775$458$262$147$22
43 years$1,221$739$430$242$134$19
44 years$1,180$704$403$224$121$16
45 years$1,141$671$379$207$110$14
46 years$1,103$641$356$191$100$12
47 years$1,067$611$334$176$91$10
48 years$1,033$584$314$163$82$9
49 years$1,001$557$295$151$75$8
50 years$970$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 $993,000, adding $3,093 every year, while hoping to spend $39,121 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: 65/26/9 Blend
29$993,000$993,000$993,000$993,000
30$1,097,476$1,044,847$1,029,456$1,166,587
31$1,167,795$1,054,421$1,022,318$1,222,580
32$1,243,974$1,063,152$1,013,630$1,278,828
33$1,326,571$1,070,958$1,003,299$1,339,272
34$1,416,198$1,077,752$991,226$1,404,316
35$1,513,528$1,083,439$977,310$1,474,409
36$1,619,302$1,087,921$961,443$1,550,043
37$1,734,333$1,091,092$943,514$1,631,762
38$1,859,518$1,092,838$923,405$1,720,168
39$1,995,843$1,093,041$900,993$1,815,921
40$2,144,392$1,091,574$876,150$1,919,754
41$2,306,361$1,088,301$848,741$2,032,472
42$2,483,062$1,083,080$818,626$2,154,965
43$2,675,942$1,075,759$785,658$2,288,213
44$2,886,594$1,066,177$749,683$2,433,300
45$3,116,770$1,054,163$710,541$2,591,418
46$3,368,399$1,039,537$668,064$2,763,886
47$3,643,608$1,022,105$622,075$2,952,158
48$3,944,734$1,001,666$572,393$3,157,835
49$4,274,353$978,004$518,824$3,382,687
50$4,635,302$950,892$461,170$3,628,666
51$5,030,704$920,087$399,220$3,897,922
52$5,463,999$885,334$332,758$4,192,831
53$5,938,976$846,364$261,554$4,516,011
54$6,459,805$802,891$185,370$4,870,351
55$7,031,084$754,611$103,959$5,259,038
56$7,657,873$701,205$17,060$5,685,585
57$8,345,748$642,336$0$6,153,868
58$9,100,849$577,645$0$6,675,431
59$9,929,942$506,756$0$7,249,942
60$10,840,477$429,268$0$7,880,990
61$11,840,663$344,760$0$8,574,340
62$12,939,544$252,786$0$9,336,347
63$14,147,082$152,877$0$10,174,020
64$15,474,251$44,535$0$11,095,083
65$16,933,143$0$0$12,108,055
66$18,537,078$0$0$13,243,144
67$20,300,732$0$0$14,505,348
68$22,240,274$0$0$15,893,506
69$24,373,519$0$0$17,420,377
70$26,720,094$0$0$19,100,020
71$29,301,625$0$0$20,947,924
72$32,141,938$0$0$22,981,154
73$35,267,287$0$0$25,218,515
74$38,706,598$0$0$27,680,725
75$42,491,744$0$0$30,390,613
76$46,657,842$0$0$33,373,333
77$51,243,588$0$0$36,656,602
78$56,291,619$0$0$40,270,957
79$61,848,918$0$0$44,250,052
80$67,967,250$0$0$48,630,965
81$74,703,660$0$0$53,454,555
82$82,121,001$0$0$58,765,843
83$90,288,534$0$0$64,614,438
84$99,282,579$0$0$71,055,006
85$109,187,231$0$0$78,147,784
86$120,095,159$0$0$85,959,147
87$132,108,477$0$0$94,562,239
88$145,339,708$0$0$104,037,657
89$159,912,843$0$0$114,474,215
90$175,964,515$0$0$125,969,780
91$193,645,286$0$0$138,632,197
92$213,121,065$0$0$152,580,307
93$234,574,679$0$0$167,945,063
94$258,207,592$0$0$184,870,774
95$284,241,811$0$0$203,516,460
96$312,921,977$0$0$224,057,356
97$344,517,675$0$0$246,686,562
98$379,325,982$0$0$271,616,872
99$417,674,262$0$0$299,082,773
100$459,923,263$0$0$329,342,668