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%19.2%
1 years$82,084$81,352$80,639$79,943$79,263$76,329
2 years$40,635$39,879$39,145$38,434$37,744$34,822
3 years$26,821$26,061$25,330$24,625$23,947$21,127
4 years$19,915$19,158$18,433$17,741$17,079$14,384
5 years$15,773$15,020$14,305$13,627$12,983$10,420
6 years$13,012$12,265$11,561$10,897$10,273$7,843
7 years$11,041$10,300$9,607$8,959$8,355$6,058
8 years$9,564$8,829$8,147$7,516$6,931$4,765
9 years$8,415$7,687$7,017$6,402$5,837$3,798
10 years$7,496$6,776$6,118$5,518$4,973$3,059
11 years$6,745$6,032$5,386$4,803$4,277$2,483
12 years$6,120$5,414$4,780$4,213$3,707$2,027
13 years$5,591$4,893$4,271$3,719$3,232$1,664
14 years$5,139$4,447$3,837$3,301$2,833$1,371
15 years$4,747$4,063$3,464$2,944$2,495$1,133
16 years$4,404$3,728$3,141$2,636$2,205$939
17 years$4,102$3,433$2,858$2,369$1,955$779
18 years$3,833$3,172$2,609$2,135$1,738$648
19 years$3,594$2,940$2,389$1,929$1,549$540
20 years$3,378$2,732$2,192$1,747$1,384$450
21 years$3,184$2,545$2,016$1,585$1,238$376
22 years$3,007$2,375$1,858$1,442$1,110$314
23 years$2,846$2,222$1,716$1,313$996$263
24 years$2,698$2,082$1,587$1,197$896$220
25 years$2,563$1,953$1,470$1,094$806$184
26 years$2,438$1,836$1,363$1,000$726$154
27 years$2,322$1,728$1,266$915$655$129
28 years$2,215$1,628$1,177$839$591$108
29 years$2,116$1,536$1,095$769$533$91
30 years$2,023$1,451$1,020$706$482$76
31 years$1,937$1,371$951$648$436$64
32 years$1,856$1,297$887$596$394$53
33 years$1,780$1,229$828$548$357$45
34 years$1,709$1,165$774$504$323$37
35 years$1,642$1,105$724$464$292$31
36 years$1,579$1,048$677$427$265$26
37 years$1,519$996$634$394$240$22
38 years$1,463$946$593$363$218$19
39 years$1,409$900$556$335$197$16
40 years$1,359$856$521$309$179$13
41 years$1,311$815$489$285$162$11
42 years$1,266$776$458$263$147$9
43 years$1,222$739$430$243$134$8
44 years$1,181$705$404$224$121$6
45 years$1,142$672$379$207$110$5
46 years$1,104$641$356$191$100$5
47 years$1,069$612$334$177$91$4
48 years$1,034$584$314$163$83$3
49 years$1,002$558$295$151$75$3
50 years$970$533$278$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $994,000, adding $4,145 every year, while hoping to spend $49,270 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: 59/32/9 Blend
29$994,000$994,000$994,000$994,000
30$1,099,664$1,046,982$1,031,575$1,162,045
31$1,159,406$1,045,861$1,013,709$1,203,322
32$1,223,592$1,043,034$993,594$1,242,365
33$1,292,620$1,038,365$971,102$1,283,721
34$1,366,933$1,031,710$946,100$1,327,617
35$1,447,013$1,022,917$918,447$1,374,302
36$1,533,392$1,011,824$887,999$1,424,056
37$1,626,654$998,258$854,602$1,477,185
38$1,727,439$982,039$818,098$1,534,030
39$1,836,452$962,974$778,319$1,594,970
40$1,954,469$940,858$735,090$1,660,424
41$2,082,340$915,475$688,231$1,730,856
42$2,221,002$886,597$637,550$1,806,782
43$2,371,485$853,981$582,849$1,888,769
44$2,534,921$817,371$523,920$1,977,451
45$2,712,557$776,496$460,544$2,073,525
46$2,905,762$731,068$392,497$2,177,766
47$3,116,044$680,786$319,541$2,291,030
48$3,345,064$625,327$241,428$2,414,265
49$3,594,645$564,353$157,901$2,548,521
50$3,866,798$497,505$68,689$2,694,960
51$4,163,733$424,405$0$2,854,865
52$4,487,886$344,652$0$3,032,205
53$4,841,935$257,825$0$3,233,209
54$5,228,829$163,476$0$3,453,043
55$5,651,817$61,133$0$3,693,659
56$6,114,474$0$0$3,957,216
57$6,620,736$0$0$4,263,596
58$7,174,938$0$0$4,622,633
59$7,781,854$0$0$5,015,903
60$8,446,740$0$0$5,446,822
61$9,175,385$0$0$5,919,153
62$9,974,165$0$0$6,437,039
63$10,850,101$0$0$7,005,044
64$11,810,928$0$0$7,628,196
65$12,865,164$0$0$8,312,032
66$14,022,192$0$0$9,062,650
67$15,292,347$0$0$9,886,769
68$16,687,015$0$0$10,791,790
69$18,218,737$0$0$11,785,865
70$19,901,328$0$0$12,877,975
71$21,750,009$0$0$14,078,014
72$23,781,545$0$0$15,396,881
73$26,014,408$0$0$16,846,584
74$28,468,949$0$0$18,440,352
75$31,167,587$0$0$20,192,760
76$34,135,022$0$0$22,119,866
77$37,398,468$0$0$24,239,361
78$40,987,908$0$0$26,570,737
79$44,936,378$0$0$29,135,472
80$49,280,273$0$0$31,957,226
81$54,059,699$0$0$35,062,072
82$59,318,840$0$0$38,478,737
83$65,106,382$0$0$42,238,872
84$71,475,971$0$0$46,377,353
85$78,486,712$0$0$50,932,608
86$86,203,735$0$0$55,946,979
87$94,698,803$0$0$61,467,122
88$104,050,990$0$0$67,544,446
89$114,347,426$0$0$74,235,599
90$125,684,121$0$0$81,603,001
91$138,166,866$0$0$89,715,432
92$151,912,235$0$0$98,648,681
93$167,048,680$0$0$108,486,265
94$183,717,747$0$0$119,320,207
95$202,075,407$0$0$131,251,914
96$222,293,529$0$0$144,393,129
97$244,561,503$0$0$158,866,983
98$269,088,021$0$0$174,809,161
99$296,103,054$0$0$192,369,181
100$325,860,014$0$0$211,711,801