Can I retire at age 30 with 994,000?

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 $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%15.8%
1 years$82,084$81,352$80,639$79,943$79,263$77,378
2 years$40,635$39,879$39,145$38,434$37,744$35,856
3 years$26,821$26,061$25,330$24,625$23,947$22,115
4 years$19,915$19,158$18,433$17,741$17,079$15,317
5 years$15,773$15,020$14,305$13,627$12,983$11,296
6 years$13,012$12,265$11,561$10,897$10,273$8,663
7 years$11,041$10,300$9,607$8,959$8,355$6,821
8 years$9,564$8,829$8,147$7,516$6,931$5,474
9 years$8,415$7,687$7,017$6,402$5,837$4,455
10 years$7,496$6,776$6,118$5,518$4,973$3,665
11 years$6,745$6,032$5,386$4,803$4,277$3,040
12 years$6,120$5,414$4,780$4,213$3,707$2,539
13 years$5,591$4,893$4,271$3,719$3,232$2,133
14 years$5,139$4,447$3,837$3,301$2,833$1,799
15 years$4,747$4,063$3,464$2,944$2,495$1,523
16 years$4,404$3,728$3,141$2,636$2,205$1,293
17 years$4,102$3,433$2,858$2,369$1,955$1,101
18 years$3,833$3,172$2,609$2,135$1,738$939
19 years$3,594$2,940$2,389$1,929$1,549$802
20 years$3,378$2,732$2,192$1,747$1,384$687
21 years$3,184$2,545$2,016$1,585$1,238$589
22 years$3,007$2,375$1,858$1,442$1,110$505
23 years$2,846$2,222$1,716$1,313$996$434
24 years$2,698$2,082$1,587$1,197$896$373
25 years$2,563$1,953$1,470$1,094$806$320
26 years$2,438$1,836$1,363$1,000$726$276
27 years$2,322$1,728$1,266$915$655$237
28 years$2,215$1,628$1,177$839$591$204
29 years$2,116$1,536$1,095$769$533$176
30 years$2,023$1,451$1,020$706$482$152
31 years$1,937$1,371$951$648$436$131
32 years$1,856$1,297$887$596$394$113
33 years$1,780$1,229$828$548$357$97
34 years$1,709$1,165$774$504$323$84
35 years$1,642$1,105$724$464$292$72
36 years$1,579$1,048$677$427$265$63
37 years$1,519$996$634$394$240$54
38 years$1,463$946$593$363$218$47
39 years$1,409$900$556$335$197$40
40 years$1,359$856$521$309$179$35
41 years$1,311$815$489$285$162$30
42 years$1,266$776$458$263$147$26
43 years$1,222$739$430$243$134$22
44 years$1,181$705$404$224$121$19
45 years$1,142$672$379$207$110$17
46 years$1,104$641$356$191$100$14
47 years$1,069$612$334$177$91$12
48 years$1,034$584$314$163$83$11
49 years$1,002$558$295$151$75$9
50 years$970$533$278$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $994,000, adding $2,894 every year, while hoping to spend $25,062 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: 29/46/25 Blend
29$994,000$994,000$994,000$994,000
30$1,098,373$1,045,691$1,030,284$1,121,625
31$1,183,741$1,070,264$1,038,133$1,164,586
32$1,276,977$1,095,201$1,045,405$1,208,345
33$1,378,857$1,120,494$1,052,053$1,254,879
34$1,490,234$1,146,132$1,058,031$1,304,443
35$1,612,050$1,172,105$1,063,288$1,357,320
36$1,745,341$1,198,400$1,067,769$1,413,820
37$1,891,246$1,225,002$1,071,420$1,474,288
38$2,051,022$1,251,895$1,074,181$1,539,101
39$2,226,051$1,279,063$1,075,991$1,608,677
40$2,417,857$1,306,486$1,076,785$1,683,477
41$2,628,116$1,334,142$1,076,496$1,764,010
42$2,858,677$1,362,008$1,075,051$1,850,834
43$3,111,573$1,390,057$1,072,377$1,944,571
44$3,389,046$1,418,262$1,068,394$2,045,900
45$3,693,564$1,446,593$1,063,020$2,155,576
46$4,027,847$1,475,015$1,056,170$2,274,430
47$4,394,888$1,503,492$1,047,753$2,403,376
48$4,797,989$1,531,984$1,037,674$2,543,427
49$5,240,782$1,560,450$1,025,835$2,695,698
50$5,727,272$1,588,842$1,012,131$2,861,419
51$6,261,870$1,617,112$996,454$3,041,948
52$6,849,435$1,645,205$978,689$3,238,783
53$7,495,321$1,673,063$958,719$3,453,575
54$8,205,425$1,700,625$936,417$3,688,148
55$8,986,246$1,727,823$911,655$3,944,513
56$9,844,942$1,754,585$884,294$4,224,887
57$10,789,402$1,780,835$854,193$4,531,717
58$11,828,315$1,806,490$821,203$4,867,702
59$12,971,256$1,831,461$785,166$5,235,819
60$14,228,776$1,855,655$745,921$5,639,353
61$15,612,498$1,878,969$703,296$6,081,924
62$17,135,230$1,901,295$657,114$6,567,529
63$18,811,083$1,922,519$607,187$7,100,572
64$20,655,608$1,942,516$553,322$7,685,915
65$22,685,936$1,961,156$495,315$8,328,915
66$24,920,947$1,978,298$432,953$9,035,485
67$27,381,442$1,993,793$366,016$9,812,142
68$30,090,342$2,007,482$294,270$10,666,076
69$33,072,904$2,019,195$217,475$11,605,213
70$36,356,957$2,028,753$135,377$12,638,296
71$39,973,169$2,035,963$47,714$13,774,965
72$43,955,329$2,040,623$0$15,025,848
73$48,340,674$2,042,515$0$16,414,896
74$53,170,235$2,041,410$0$17,957,182
75$58,489,223$2,037,063$0$19,654,296
76$64,347,459$2,029,215$0$21,522,034
77$70,799,845$2,017,591$0$23,577,807
78$77,906,876$2,001,900$0$25,840,808
79$85,735,215$1,981,831$0$28,332,191
80$94,358,323$1,957,057$0$31,075,273
81$103,857,149$1,927,229$0$34,095,755
82$114,320,895$1,891,980$0$37,421,966
83$125,847,857$1,850,918$0$41,085,130
84$138,546,356$1,803,631$0$45,119,665
85$152,535,756$1,749,680$0$49,563,504
86$167,947,591$1,688,602$0$54,458,458
87$184,926,809$1,619,907$0$59,850,613
88$203,633,136$1,543,076$0$65,790,763
89$224,242,588$1,457,559$0$72,334,893
90$246,949,129$1,362,776$0$79,544,709
91$271,966,502$1,258,114$0$87,488,221
92$299,530,247$1,142,923$0$96,240,389
93$329,899,923$1,016,517$0$105,883,832
94$363,361,560$878,171$0$116,509,608
95$400,230,357$727,120$0$128,218,077
96$440,853,658$562,553$0$141,119,852
97$485,614,229$383,616$0$155,336,843
98$534,933,874$189,407$0$171,003,414
99$589,277,413$0$0$188,267,652
100$649,157,072$0$0$207,303,409