Can I retire at age 30 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$82,166$81,434$80,720$80,023$79,343$77,709
2 years$40,676$39,919$39,185$38,473$37,782$36,144
3 years$26,848$26,087$25,355$24,650$23,971$22,378
4 years$19,935$19,177$18,452$17,759$17,096$15,562
5 years$15,789$15,035$14,319$13,640$12,996$11,525
6 years$13,025$12,277$11,572$10,908$10,283$8,877
7 years$11,052$10,310$9,617$8,968$8,363$7,022
8 years$9,573$8,838$8,156$7,523$6,938$5,661
9 years$8,423$7,695$7,024$6,408$5,843$4,629
10 years$7,504$6,783$6,124$5,524$4,978$3,827
11 years$6,752$6,038$5,392$4,808$4,282$3,191
12 years$6,126$5,420$4,785$4,217$3,710$2,679
13 years$5,597$4,898$4,275$3,723$3,235$2,262
14 years$5,144$4,452$3,841$3,305$2,836$1,919
15 years$4,751$4,067$3,468$2,947$2,497$1,633
16 years$4,408$3,731$3,144$2,639$2,207$1,395
17 years$4,106$3,436$2,861$2,371$1,957$1,194
18 years$3,837$3,175$2,612$2,137$1,740$1,025
19 years$3,597$2,943$2,391$1,931$1,551$881
20 years$3,382$2,735$2,194$1,749$1,385$759
21 years$3,187$2,547$2,018$1,587$1,240$654
22 years$3,010$2,378$1,860$1,443$1,111$565
23 years$2,849$2,224$1,718$1,314$997$488
24 years$2,701$2,084$1,588$1,199$897$422
25 years$2,565$1,955$1,471$1,095$807$365
26 years$2,440$1,838$1,365$1,001$727$316
27 years$2,325$1,730$1,267$916$655$274
28 years$2,218$1,630$1,178$839$591$238
29 years$2,118$1,537$1,096$770$534$206
30 years$2,025$1,452$1,021$706$482$179
31 years$1,939$1,373$952$649$436$155
32 years$1,858$1,299$888$596$394$135
33 years$1,782$1,230$829$548$357$117
34 years$1,711$1,166$775$504$323$102
35 years$1,644$1,106$724$464$293$88
36 years$1,580$1,049$678$428$265$77
37 years$1,521$997$634$394$240$67
38 years$1,464$947$594$363$218$58
39 years$1,411$901$556$335$198$50
40 years$1,360$857$522$309$179$44
41 years$1,312$816$489$285$163$38
42 years$1,267$777$459$263$148$33
43 years$1,223$740$430$243$134$29
44 years$1,182$706$404$224$122$25
45 years$1,143$673$379$207$110$22
46 years$1,105$642$356$191$100$19
47 years$1,070$613$335$177$91$16
48 years$1,035$585$315$163$83$14
49 years$1,003$558$296$151$75$12
50 years$971$533$278$139$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $995,000, adding $4,810 every year, while hoping to spend $53,916 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: 59/14/27 Blend
29$995,000$995,000$995,000$995,000
30$1,101,452$1,048,717$1,033,294$1,158,114
31$1,156,433$1,042,737$1,010,543$1,191,378
32$1,215,216$1,034,658$985,223$1,221,483
33$1,278,131$1,024,319$957,191$1,253,190
34$1,345,541$1,011,551$926,297$1,286,669
35$1,417,843$996,174$892,385$1,322,108
36$1,495,474$977,998$855,291$1,359,717
37$1,578,913$956,821$814,844$1,399,732
38$1,668,687$932,429$770,866$1,442,413
39$1,765,372$904,598$723,169$1,488,049
40$1,869,603$873,086$671,559$1,536,965
41$1,982,077$837,642$615,830$1,589,519
42$2,103,560$797,997$555,771$1,646,111
43$2,234,891$753,867$491,158$1,707,183
44$2,376,997$704,954$421,759$1,773,227
45$2,530,894$650,939$347,330$1,844,792
46$2,697,698$591,488$267,618$1,922,483
47$2,878,638$526,246$182,359$2,006,973
48$3,075,067$454,840$91,276$2,099,010
49$3,288,469$376,873$0$2,199,420
50$3,520,481$291,927$0$2,310,830
51$3,772,901$199,562$0$2,460,723
52$4,047,707$99,311$0$2,623,991
53$4,347,077$0$0$2,801,979
54$4,673,408$0$0$2,997,603
55$5,029,337$0$0$3,227,731
56$5,417,767$0$0$3,478,950
57$5,841,894$0$0$3,753,335
58$6,305,233$0$0$4,053,174
59$6,811,659$0$0$4,380,981
60$7,365,434$0$0$4,739,528
61$7,971,251$0$0$5,131,865
62$8,634,281$0$0$5,561,350
63$9,360,213$0$0$6,031,683
64$10,155,315$0$0$6,546,937
65$11,026,489$0$0$7,111,598
66$11,981,335$0$0$7,730,606
67$13,028,225$0$0$8,409,401
68$14,176,380$0$0$9,153,977
69$15,435,953$0$0$9,970,935
70$16,818,130$0$0$10,867,545
71$18,335,232$0$0$11,851,816
72$20,000,831$0$0$12,932,569
73$21,829,877$0$0$14,119,523
74$23,838,837$0$0$15,423,383
75$26,045,854$0$0$16,855,943
76$28,470,913$0$0$18,430,194
77$31,136,033$0$0$20,160,449
78$34,065,469$0$0$22,062,477
79$37,285,944$0$0$24,153,650
80$40,826,901$0$0$26,453,108
81$44,720,776$0$0$28,981,938
82$49,003,306$0$0$31,763,373
83$53,713,866$0$0$34,823,011
84$58,895,838$0$0$38,189,055
85$64,597,021$0$0$41,892,579
86$70,870,080$0$0$45,967,822
87$77,773,041$0$0$50,452,509
88$85,369,843$0$0$55,388,208
89$93,730,932$0$0$60,820,718
90$102,933,934$0$0$66,800,506
91$113,064,379$0$0$73,383,179
92$124,216,512$0$0$80,630,008
93$136,494,178$0$0$88,608,509
94$150,011,805$0$0$97,393,076
95$164,895,480$0$0$107,065,683
96$181,284,138$0$0$117,716,660
97$199,330,872$0$0$129,445,539
98$219,204,379$0$0$142,362,001
99$241,090,549$0$0$156,586,902
100$265,194,219$0$0$172,253,417