Can I retire at age 30 with 995,000?

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 $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%19.4%
1 years$82,166$81,434$80,720$80,023$79,343$76,345
2 years$40,676$39,919$39,185$38,473$37,782$34,797
3 years$26,848$26,087$25,355$24,650$23,971$21,092
4 years$19,935$19,177$18,452$17,759$17,096$14,346
5 years$15,789$15,035$14,319$13,640$12,996$10,381
6 years$13,025$12,277$11,572$10,908$10,283$7,805
7 years$11,052$10,310$9,617$8,968$8,363$6,022
8 years$9,573$8,838$8,156$7,523$6,938$4,731
9 years$8,423$7,695$7,024$6,408$5,843$3,767
10 years$7,504$6,783$6,124$5,524$4,978$3,029
11 years$6,752$6,038$5,392$4,808$4,282$2,456
12 years$6,126$5,420$4,785$4,217$3,710$2,003
13 years$5,597$4,898$4,275$3,723$3,235$1,641
14 years$5,144$4,452$3,841$3,305$2,836$1,350
15 years$4,751$4,067$3,468$2,947$2,497$1,114
16 years$4,408$3,731$3,144$2,639$2,207$922
17 years$4,106$3,436$2,861$2,371$1,957$764
18 years$3,837$3,175$2,612$2,137$1,740$635
19 years$3,597$2,943$2,391$1,931$1,551$528
20 years$3,382$2,735$2,194$1,749$1,385$440
21 years$3,187$2,547$2,018$1,587$1,240$367
22 years$3,010$2,378$1,860$1,443$1,111$306
23 years$2,849$2,224$1,718$1,314$997$255
24 years$2,701$2,084$1,588$1,199$897$213
25 years$2,565$1,955$1,471$1,095$807$178
26 years$2,440$1,838$1,365$1,001$727$149
27 years$2,325$1,730$1,267$916$655$124
28 years$2,218$1,630$1,178$839$591$104
29 years$2,118$1,537$1,096$770$534$87
30 years$2,025$1,452$1,021$706$482$73
31 years$1,939$1,373$952$649$436$61
32 years$1,858$1,299$888$596$394$51
33 years$1,782$1,230$829$548$357$43
34 years$1,711$1,166$775$504$323$36
35 years$1,644$1,106$724$464$293$30
36 years$1,580$1,049$678$428$265$25
37 years$1,521$997$634$394$240$21
38 years$1,464$947$594$363$218$18
39 years$1,411$901$556$335$198$15
40 years$1,360$857$522$309$179$12
41 years$1,312$816$489$285$163$10
42 years$1,267$777$459$263$148$9
43 years$1,223$740$430$243$134$7
44 years$1,182$706$404$224$122$6
45 years$1,143$673$379$207$110$5
46 years$1,105$642$356$191$100$4
47 years$1,070$613$335$177$91$4
48 years$1,035$585$315$163$83$3
49 years$1,003$558$296$151$75$2
50 years$971$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 $995,000, adding $4,776 every year, while hoping to spend $45,827 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: 55/30/15 Blend
29$995,000$995,000$995,000$995,000
30$1,101,416$1,048,681$1,033,259$1,157,396
31$1,165,001$1,051,307$1,019,114$1,198,639
32$1,233,536$1,052,526$1,002,958$1,238,173
33$1,307,477$1,052,220$984,678$1,280,179
34$1,387,325$1,050,265$964,150$1,324,901
35$1,473,633$1,046,528$941,250$1,372,614
36$1,567,005$1,040,869$915,843$1,423,619
37$1,668,107$1,033,140$887,792$1,478,252
38$1,777,672$1,023,181$856,951$1,536,885
39$1,896,504$1,010,827$823,168$1,599,928
40$2,025,489$995,898$786,285$1,667,840
41$2,165,599$978,208$746,136$1,741,123
42$2,317,907$957,556$702,548$1,820,339
43$2,483,589$933,733$655,339$1,906,107
44$2,663,943$906,513$604,321$1,999,113
45$2,860,393$875,661$549,294$2,100,117
46$3,074,511$840,926$490,053$2,209,958
47$3,308,023$802,043$426,382$2,329,568
48$3,562,831$758,732$358,055$2,459,976
49$3,841,027$710,697$284,837$2,602,321
50$4,144,914$657,624$206,481$2,757,861
51$4,477,029$599,182$122,733$2,927,991
52$4,840,164$535,020$33,322$3,114,251
53$5,237,393$464,768$0$3,318,345
54$5,672,101$388,035$0$3,552,094
55$6,148,014$304,407$0$3,813,979
56$6,669,237$213,449$0$4,101,012
57$7,240,290$114,698$0$4,415,786
58$7,866,150$7,669$0$4,761,165
59$8,552,299$0$0$5,140,310
60$9,304,775$0$0$5,592,412
61$10,130,229$0$0$6,091,232
62$11,035,984$0$0$6,638,677
63$12,030,109$0$0$7,239,633
64$13,121,491$0$0$7,899,488
65$14,319,920$0$0$8,624,172
66$15,636,180$0$0$9,420,221
67$17,082,151$0$0$10,294,832
68$18,670,919$0$0$11,255,937
69$20,416,904$0$0$12,312,272
70$22,335,987$0$0$13,473,463
71$24,445,669$0$0$14,750,113
72$26,765,228$0$0$16,153,905
73$29,315,904$0$0$17,697,712
74$32,121,098$0$0$19,395,715
75$35,206,594$0$0$21,263,538
76$38,600,798$0$0$23,318,398
77$42,335,010$0$0$25,579,261
78$46,443,715$0$0$28,067,027
79$50,964,910$0$0$30,804,724
80$55,940,460$0$0$33,817,724
81$61,416,497$0$0$37,133,985
82$67,443,847$0$0$40,784,309
83$74,078,517$0$0$44,802,641
84$81,382,219$0$0$49,226,379
85$89,422,951$0$0$54,096,736
86$98,275,639$0$0$59,459,121
87$108,022,846$0$0$65,363,572
88$118,755,544$0$0$71,865,225
89$130,573,981$0$0$79,024,835
90$143,588,617$0$0$86,909,351
91$157,921,173$0$0$95,592,542
92$173,705,775$0$0$105,155,700
93$191,090,221$0$0$115,688,400
94$210,237,374$0$0$127,289,351
95$231,326,698$0$0$140,067,322
96$254,555,955$0$0$154,142,171
97$280,143,065$0$0$169,645,976
98$308,328,165$0$0$186,724,280
99$339,375,877$0$0$205,537,466
100$373,577,800$0$0$226,262,266