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%12.4%
1 years$82,001$81,271$80,558$79,862$79,183$78,389
2 years$40,595$39,839$39,106$38,395$37,706$36,906
3 years$26,794$26,035$25,304$24,600$23,922$23,141
4 years$19,895$19,138$18,415$17,723$17,062$16,306
5 years$15,757$15,005$14,291$13,613$12,970$12,242
6 years$12,999$12,253$11,549$10,886$10,263$9,562
7 years$11,030$10,290$9,597$8,950$8,346$7,675
8 years$9,554$8,820$8,139$7,508$6,924$6,281
9 years$8,406$7,680$7,010$6,395$5,831$5,216
10 years$7,489$6,769$6,112$5,513$4,968$4,381
11 years$6,739$6,026$5,381$4,798$4,273$3,713
12 years$6,114$5,409$4,775$4,208$3,703$3,170
13 years$5,586$4,888$4,266$3,715$3,229$2,722
14 years$5,133$4,443$3,833$3,298$2,831$2,349
15 years$4,742$4,059$3,461$2,941$2,492$2,036
16 years$4,399$3,724$3,138$2,634$2,203$1,770
17 years$4,098$3,429$2,855$2,366$1,953$1,544
18 years$3,830$3,169$2,607$2,132$1,737$1,350
19 years$3,590$2,937$2,386$1,927$1,548$1,183
20 years$3,375$2,729$2,190$1,745$1,383$1,039
21 years$3,180$2,542$2,014$1,584$1,237$913
22 years$3,004$2,373$1,857$1,440$1,109$804
23 years$2,843$2,219$1,714$1,312$995$709
24 years$2,695$2,079$1,585$1,196$895$626
25 years$2,560$1,951$1,468$1,092$805$553
26 years$2,435$1,834$1,362$999$725$489
27 years$2,320$1,726$1,265$914$654$432
28 years$2,213$1,626$1,176$838$590$383
29 years$2,114$1,534$1,094$768$533$339
30 years$2,021$1,449$1,019$705$481$301
31 years$1,935$1,370$950$647$435$266
32 years$1,854$1,296$886$595$394$236
33 years$1,778$1,227$828$547$356$210
34 years$1,707$1,163$773$503$323$186
35 years$1,640$1,103$723$463$292$165
36 years$1,577$1,047$676$427$265$147
37 years$1,518$995$633$393$240$130
38 years$1,461$945$593$362$218$116
39 years$1,408$899$555$334$197$103
40 years$1,358$855$521$308$179$91
41 years$1,310$814$488$284$162$81
42 years$1,264$775$458$262$147$72
43 years$1,221$739$430$242$134$64
44 years$1,180$704$403$224$121$57
45 years$1,141$671$379$207$110$51
46 years$1,103$641$356$191$100$45
47 years$1,067$611$334$176$91$40
48 years$1,033$584$314$163$82$36
49 years$1,001$557$295$151$75$32
50 years$970$532$277$139$68$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $993,000, adding $4,672 every year, while hoping to spend $54,876 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: 71/10/19 Blend
29$993,000$993,000$993,000$993,000
30$1,099,105$1,046,476$1,031,085$1,171,803
31$1,152,826$1,039,366$1,007,238$1,213,696
32$1,210,188$1,030,068$980,754$1,252,555
33$1,271,503$1,018,417$951,485$1,293,718
34$1,337,115$1,004,239$919,279$1,337,407
35$1,407,402$987,347$883,976$1,383,865
36$1,482,775$967,545$845,407$1,433,362
37$1,563,689$944,626$803,399$1,486,197
38$1,650,640$918,368$757,768$1,542,701
39$1,744,176$888,538$708,324$1,603,238
40$1,844,895$854,890$654,865$1,668,212
41$1,953,456$817,161$597,185$1,738,072
42$2,070,582$775,075$535,064$1,813,311
43$2,197,068$728,341$468,276$1,894,475
44$2,333,787$676,648$396,581$1,982,169
45$2,481,699$619,669$319,732$2,077,061
46$2,641,858$557,059$237,470$2,179,890
47$2,815,426$488,453$149,523$2,291,471
48$3,003,676$413,464$55,609$2,412,707
49$3,208,012$331,684$0$2,544,594
50$3,429,976$242,684$0$2,697,279
51$3,671,264$146,006$0$2,875,553
52$3,933,744$41,172$0$3,069,540
53$4,219,470$0$0$3,280,794
54$4,530,700$0$0$3,518,985
55$4,869,923$0$0$3,783,583
56$5,239,875$0$0$4,072,198
57$5,643,568$0$0$4,387,187
58$6,084,319$0$0$4,731,143
59$6,565,777$0$0$5,106,921
60$7,091,961$0$0$5,517,664
61$7,667,295$0$0$5,966,833
62$8,296,649$0$0$6,458,237
63$8,985,387$0$0$6,996,073
64$9,739,414$0$0$7,584,960
65$10,565,234$0$0$8,229,984
66$11,470,008$0$0$8,936,749
67$12,461,624$0$0$9,711,423
68$13,548,766$0$0$10,560,804
69$14,741,004$0$0$11,492,373
70$16,048,873$0$0$12,514,376
71$17,483,979$0$0$13,635,890
72$19,059,107$0$0$14,866,918
73$20,788,339$0$0$16,218,477
74$22,687,186$0$0$17,702,700
75$24,772,736$0$0$19,332,958
76$27,063,814$0$0$21,123,977
77$29,581,155$0$0$23,091,979
78$32,347,606$0$0$25,254,839
79$35,388,333$0$0$27,632,246
80$38,731,065$0$0$30,245,893
81$42,406,349$0$0$33,119,679
82$46,447,840$0$0$36,279,936
83$50,892,618$0$0$39,755,673
84$55,781,538$0$0$43,578,854
85$61,159,610$0$0$47,784,695
86$67,076,429$0$0$52,411,996
87$73,586,638$0$0$57,503,510
88$80,750,443$0$0$63,106,342
89$88,634,181$0$0$69,272,393
90$97,310,948$0$0$76,058,850
91$106,861,282$0$0$83,528,728
92$117,373,925$0$0$91,751,457
93$128,946,660$0$0$100,803,543
94$141,687,233$0$0$110,769,285
95$155,714,367$0$0$121,741,572
96$171,158,883$0$0$133,822,757
97$188,164,931$0$0$147,125,625
98$206,891,353$0$0$161,774,453
99$227,513,178$0$0$177,906,185
100$250,223,275$0$0$195,671,722