Can I retire at age 30 with 993,000?

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 $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%14.2%
1 years$82,001$81,271$80,558$79,862$79,183$77,807
2 years$40,595$39,839$39,106$38,395$37,706$36,325
3 years$26,794$26,035$25,304$24,600$23,922$22,578
4 years$19,895$19,138$18,415$17,723$17,062$15,765
5 years$15,757$15,005$14,291$13,613$12,970$11,724
6 years$12,999$12,253$11,549$10,886$10,263$9,070
7 years$11,030$10,290$9,597$8,950$8,346$7,206
8 years$9,554$8,820$8,139$7,508$6,924$5,837
9 years$8,406$7,680$7,010$6,395$5,831$4,796
10 years$7,489$6,769$6,112$5,513$4,968$3,985
11 years$6,739$6,026$5,381$4,798$4,273$3,339
12 years$6,114$5,409$4,775$4,208$3,703$2,818
13 years$5,586$4,888$4,266$3,715$3,229$2,392
14 years$5,133$4,443$3,833$3,298$2,831$2,040
15 years$4,742$4,059$3,461$2,941$2,492$1,746
16 years$4,399$3,724$3,138$2,634$2,203$1,499
17 years$4,098$3,429$2,855$2,366$1,953$1,291
18 years$3,830$3,169$2,607$2,132$1,737$1,114
19 years$3,590$2,937$2,386$1,927$1,548$964
20 years$3,375$2,729$2,190$1,745$1,383$835
21 years$3,180$2,542$2,014$1,584$1,237$724
22 years$3,004$2,373$1,857$1,440$1,109$629
23 years$2,843$2,219$1,714$1,312$995$547
24 years$2,695$2,079$1,585$1,196$895$476
25 years$2,560$1,951$1,468$1,092$805$415
26 years$2,435$1,834$1,362$999$725$361
27 years$2,320$1,726$1,265$914$654$315
28 years$2,213$1,626$1,176$838$590$275
29 years$2,114$1,534$1,094$768$533$240
30 years$2,021$1,449$1,019$705$481$210
31 years$1,935$1,370$950$647$435$183
32 years$1,854$1,296$886$595$394$160
33 years$1,778$1,227$828$547$356$140
34 years$1,707$1,163$773$503$323$122
35 years$1,640$1,103$723$463$292$107
36 years$1,577$1,047$676$427$265$94
37 years$1,518$995$633$393$240$82
38 years$1,461$945$593$362$218$72
39 years$1,408$899$555$334$197$63
40 years$1,358$855$521$308$179$55
41 years$1,310$814$488$284$162$48
42 years$1,264$775$458$262$147$42
43 years$1,221$739$430$242$134$37
44 years$1,180$704$403$224$121$32
45 years$1,141$671$379$207$110$28
46 years$1,103$641$356$191$100$25
47 years$1,067$611$334$176$91$22
48 years$1,033$584$314$163$82$19
49 years$1,001$557$295$151$75$17
50 years$970$532$277$139$68$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $993,000, adding $2,879 every year, while hoping to spend $23,207 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: 59/18/23 Blend
29$993,000$993,000$993,000$993,000
30$1,097,256$1,044,627$1,029,235$1,155,087
31$1,184,484$1,071,121$1,039,022$1,221,252
32$1,279,831$1,098,136$1,048,360$1,290,625
33$1,384,102$1,125,673$1,057,208$1,365,784
34$1,498,180$1,153,731$1,065,524$1,447,294
35$1,623,041$1,182,311$1,073,266$1,535,778
36$1,759,758$1,211,410$1,080,387$1,631,923
37$1,909,511$1,241,027$1,086,837$1,736,485
38$2,073,602$1,271,158$1,092,567$1,850,297
39$2,253,464$1,301,799$1,097,523$1,974,277
40$2,450,675$1,332,945$1,101,648$2,109,437
41$2,666,973$1,364,589$1,104,882$2,256,893
42$2,904,273$1,396,723$1,107,165$2,417,872
43$3,164,684$1,429,337$1,108,430$2,593,729
44$3,450,528$1,462,421$1,108,608$2,785,955
45$3,764,364$1,495,962$1,107,629$2,996,195
46$4,109,011$1,529,945$1,105,416$3,226,260
47$4,487,573$1,564,356$1,101,891$3,478,148
48$4,903,471$1,599,175$1,096,970$3,754,059
49$5,360,473$1,634,382$1,090,566$4,056,419
50$5,862,730$1,669,955$1,082,588$4,387,901
51$6,414,814$1,705,869$1,072,941$4,751,452
52$7,021,766$1,742,097$1,061,525$5,150,317
53$7,689,134$1,778,608$1,048,234$5,588,075
54$8,423,035$1,815,369$1,032,959$6,068,672
55$9,230,206$1,852,344$1,015,586$6,596,452
56$10,118,072$1,889,494$995,992$7,176,207
57$11,094,812$1,926,775$974,054$7,813,218
58$12,169,436$1,964,141$949,639$8,513,303
59$13,351,875$2,001,541$922,608$9,282,875
60$14,653,070$2,038,919$892,819$10,129,005
61$16,085,074$2,076,218$860,120$11,059,482
62$17,661,171$2,113,371$824,353$12,082,894
63$19,395,996$2,150,312$785,354$13,208,702
64$21,305,674$2,186,963$742,949$14,447,339
65$23,407,974$2,223,247$696,960$15,810,298
66$25,722,477$2,259,075$647,198$17,310,249
67$28,270,756$2,294,356$593,465$18,961,155
68$31,076,584$2,328,990$535,557$20,778,405
69$34,166,156$2,362,871$473,259$22,778,960
70$37,568,337$2,395,885$406,346$24,981,511
71$41,314,933$2,427,909$334,584$27,406,662
72$45,440,993$2,458,813$257,729$30,077,116
73$49,985,137$2,488,457$175,526$33,017,898
74$54,989,922$2,516,693$87,707$36,256,585
75$60,502,243$2,543,361$0$39,823,572
76$66,573,777$2,568,290$0$43,753,832
77$73,261,467$2,591,301$0$48,105,874
78$80,628,062$2,612,200$0$52,898,911
79$88,742,708$2,630,782$0$58,177,863
80$97,681,602$2,646,828$0$63,992,227
81$107,528,708$2,660,105$0$70,396,553
82$118,376,551$2,670,365$0$77,450,951
83$130,327,092$2,677,346$0$85,221,662
84$143,492,686$2,680,766$0$93,781,686
85$157,997,146$2,680,329$0$103,211,465
86$173,976,909$2,675,720$0$113,599,649
87$191,582,326$2,666,602$0$125,043,928
88$210,979,078$2,652,621$0$137,651,957
89$232,349,742$2,633,398$0$151,542,372
90$255,895,515$2,608,533$0$166,845,911
91$281,838,108$2,577,602$0$183,706,645
92$310,421,846$2,540,155$0$202,283,344
93$341,915,966$2,495,714$0$222,750,969
94$376,617,166$2,443,776$0$245,302,332
95$414,852,400$2,383,804$0$270,149,909
96$456,981,967$2,315,233$0$297,527,852
97$503,402,911$2,237,462$0$327,694,196
98$554,552,767$2,149,858$0$360,933,299
99$610,913,696$2,051,747$0$397,558,522
100$673,017,031$1,942,420$0$437,915,193