Can I retire at age 30 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$82,084$81,352$80,639$79,943$79,263$77,950
2 years$40,635$39,879$39,145$38,434$37,744$36,425
3 years$26,821$26,061$25,330$24,625$23,947$22,662
4 years$19,915$19,158$18,433$17,741$17,079$15,840
5 years$15,773$15,020$14,305$13,627$12,983$11,793
6 years$13,012$12,265$11,561$10,897$10,273$9,132
7 years$11,041$10,300$9,607$8,959$8,355$7,264
8 years$9,564$8,829$8,147$7,516$6,931$5,891
9 years$8,415$7,687$7,017$6,402$5,837$4,846
10 years$7,496$6,776$6,118$5,518$4,973$4,031
11 years$6,745$6,032$5,386$4,803$4,277$3,383
12 years$6,120$5,414$4,780$4,213$3,707$2,858
13 years$5,591$4,893$4,271$3,719$3,232$2,429
14 years$5,139$4,447$3,837$3,301$2,833$2,074
15 years$4,747$4,063$3,464$2,944$2,495$1,778
16 years$4,404$3,728$3,141$2,636$2,205$1,529
17 years$4,102$3,433$2,858$2,369$1,955$1,319
18 years$3,833$3,172$2,609$2,135$1,738$1,140
19 years$3,594$2,940$2,389$1,929$1,549$987
20 years$3,378$2,732$2,192$1,747$1,384$856
21 years$3,184$2,545$2,016$1,585$1,238$744
22 years$3,007$2,375$1,858$1,442$1,110$647
23 years$2,846$2,222$1,716$1,313$996$564
24 years$2,698$2,082$1,587$1,197$896$491
25 years$2,563$1,953$1,470$1,094$806$429
26 years$2,438$1,836$1,363$1,000$726$374
27 years$2,322$1,728$1,266$915$655$327
28 years$2,215$1,628$1,177$839$591$286
29 years$2,116$1,536$1,095$769$533$250
30 years$2,023$1,451$1,020$706$482$218
31 years$1,937$1,371$951$648$436$191
32 years$1,856$1,297$887$596$394$167
33 years$1,780$1,229$828$548$357$147
34 years$1,709$1,165$774$504$323$128
35 years$1,642$1,105$724$464$292$112
36 years$1,579$1,048$677$427$265$98
37 years$1,519$996$634$394$240$86
38 years$1,463$946$593$363$218$76
39 years$1,409$900$556$335$197$66
40 years$1,359$856$521$309$179$58
41 years$1,311$815$489$285$162$51
42 years$1,266$776$458$263$147$45
43 years$1,222$739$430$243$134$39
44 years$1,181$705$404$224$121$34
45 years$1,142$672$379$207$110$30
46 years$1,104$641$356$191$100$26
47 years$1,069$612$334$177$91$23
48 years$1,034$584$314$163$83$20
49 years$1,002$558$295$151$75$18
50 years$970$533$278$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $994,000, adding $4,936 every year, while hoping to spend $35,515 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: 50/38/12 Blend
29$994,000$994,000$994,000$994,000
30$1,100,479$1,047,797$1,032,390$1,151,699
31$1,174,941$1,061,352$1,029,188$1,200,891
32$1,255,807$1,074,380$1,024,688$1,250,171
33$1,343,693$1,086,819$1,018,809$1,302,916
34$1,439,278$1,098,601$1,011,467$1,359,462
35$1,543,305$1,109,654$1,002,572$1,420,180
36$1,656,596$1,119,900$992,032$1,485,480
37$1,780,053$1,129,259$979,749$1,555,815
38$1,914,668$1,137,643$965,621$1,631,683
39$2,061,536$1,144,959$949,540$1,713,638
40$2,221,858$1,151,107$931,395$1,802,288
41$2,396,959$1,155,984$911,069$1,898,308
42$2,588,298$1,159,476$888,439$2,002,441
43$2,797,479$1,161,465$863,376$2,115,508
44$3,026,270$1,161,824$835,747$2,238,415
45$3,276,616$1,160,420$805,411$2,372,165
46$3,550,659$1,157,109$772,221$2,517,862
47$3,850,760$1,151,741$736,024$2,676,728
48$4,179,516$1,144,155$696,659$2,850,110
49$4,539,788$1,134,180$653,959$3,039,497
50$4,934,728$1,121,636$607,748$3,246,531
51$5,367,806$1,106,332$557,843$3,473,025
52$5,842,844$1,088,065$504,053$3,720,981
53$6,364,054$1,066,619$446,178$3,992,610
54$6,936,071$1,041,768$384,009$4,290,348
55$7,564,006$1,013,270$317,329$4,616,890
56$8,253,484$980,869$245,909$4,975,204
57$9,010,704$944,297$169,512$5,368,569
58$9,842,495$903,266$87,889$5,800,604
59$10,756,378$857,475$783$6,275,300
60$11,760,641$806,604$0$6,797,063
61$12,864,413$750,314$0$7,382,555
62$14,077,752$688,248$0$8,026,211
63$15,411,737$620,027$0$8,733,886
64$16,878,578$545,252$0$9,512,147
65$18,491,725$463,501$0$10,368,236
66$20,265,995$374,327$0$11,310,141
67$22,217,717$277,259$0$12,346,669
68$24,364,879$171,800$0$13,487,533
69$26,727,301$57,423$0$14,743,446
70$29,326,823$0$0$16,126,219
71$32,187,506$0$0$17,676,653
72$35,335,863$0$0$19,409,549
73$38,801,107$0$0$21,316,993
74$42,615,427$0$0$23,416,717
75$46,814,291$0$0$25,728,263
76$51,436,780$0$0$28,273,162
77$56,525,957$0$0$31,075,141
78$62,129,272$0$0$34,160,342
79$68,299,013$0$0$37,557,573
80$75,092,792$0$0$41,298,577
81$82,574,096$0$0$45,418,333
82$90,812,881$0$0$49,955,383
83$99,886,233$0$0$54,952,201
84$109,879,096$0$0$60,455,588
85$120,885,072$0$0$66,517,115
86$133,007,304$0$0$73,193,612
87$146,359,450$0$0$80,547,702
88$161,066,755$0$0$88,648,392
89$177,267,233$0$0$97,571,725
90$195,112,967$0$0$107,401,495
91$214,771,547$0$0$118,230,041
92$236,427,649$0$0$130,159,117
93$260,284,780$0$0$143,300,852
94$286,567,195$0$0$157,778,807
95$315,522,019$0$0$173,729,143
96$347,421,570$0$0$191,301,907
97$382,565,940$0$0$210,662,442
98$421,285,817$0$0$231,992,955
99$463,945,614$0$0$255,494,234
100$510,946,903$0$0$281,387,541