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%17.6%
1 years$82,166$81,434$80,720$80,023$79,343$76,895
2 years$40,676$39,919$39,185$38,473$37,782$35,338
3 years$26,848$26,087$25,355$24,650$23,971$21,606
4 years$19,935$19,177$18,452$17,759$17,096$14,829
5 years$15,789$15,035$14,319$13,640$12,996$10,833
6 years$13,025$12,277$11,572$10,908$10,283$8,227
7 years$11,052$10,310$9,617$8,968$8,363$6,412
8 years$9,573$8,838$8,156$7,523$6,938$5,091
9 years$8,423$7,695$7,024$6,408$5,843$4,099
10 years$7,504$6,783$6,124$5,524$4,978$3,334
11 years$6,752$6,038$5,392$4,808$4,282$2,734
12 years$6,126$5,420$4,785$4,217$3,710$2,257
13 years$5,597$4,898$4,275$3,723$3,235$1,872
14 years$5,144$4,452$3,841$3,305$2,836$1,560
15 years$4,751$4,067$3,468$2,947$2,497$1,304
16 years$4,408$3,731$3,144$2,639$2,207$1,093
17 years$4,106$3,436$2,861$2,371$1,957$918
18 years$3,837$3,175$2,612$2,137$1,740$773
19 years$3,597$2,943$2,391$1,931$1,551$652
20 years$3,382$2,735$2,194$1,749$1,385$550
21 years$3,187$2,547$2,018$1,587$1,240$465
22 years$3,010$2,378$1,860$1,443$1,111$393
23 years$2,849$2,224$1,718$1,314$997$333
24 years$2,701$2,084$1,588$1,199$897$282
25 years$2,565$1,955$1,471$1,095$807$239
26 years$2,440$1,838$1,365$1,001$727$203
27 years$2,325$1,730$1,267$916$655$172
28 years$2,218$1,630$1,178$839$591$146
29 years$2,118$1,537$1,096$770$534$124
30 years$2,025$1,452$1,021$706$482$105
31 years$1,939$1,373$952$649$436$89
32 years$1,858$1,299$888$596$394$76
33 years$1,782$1,230$829$548$357$65
34 years$1,711$1,166$775$504$323$55
35 years$1,644$1,106$724$464$293$47
36 years$1,580$1,049$678$428$265$40
37 years$1,521$997$634$394$240$34
38 years$1,464$947$594$363$218$29
39 years$1,411$901$556$335$198$24
40 years$1,360$857$522$309$179$21
41 years$1,312$816$489$285$163$18
42 years$1,267$777$459$263$148$15
43 years$1,223$740$430$243$134$13
44 years$1,182$706$404$224$122$11
45 years$1,143$673$379$207$110$9
46 years$1,105$642$356$191$100$8
47 years$1,070$613$335$177$91$7
48 years$1,035$585$315$163$83$6
49 years$1,003$558$296$151$75$5
50 years$971$533$278$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $995,000, adding $4,233 every year, while hoping to spend $21,141 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: 45/50/5 Blend
29$995,000$995,000$995,000$995,000
30$1,100,856$1,048,121$1,032,699$1,148,704
31$1,190,650$1,076,985$1,044,800$1,210,933
32$1,288,894$1,106,555$1,056,599$1,275,823
33$1,396,428$1,136,843$1,068,062$1,345,680
34$1,514,176$1,167,861$1,079,154$1,420,968
35$1,643,157$1,199,622$1,089,841$1,502,196
36$1,784,492$1,232,136$1,100,084$1,589,925
37$1,939,416$1,265,416$1,109,842$1,684,771
38$2,109,288$1,299,474$1,119,074$1,787,413
39$2,295,608$1,334,320$1,127,735$1,898,596
40$2,500,023$1,369,965$1,135,778$2,019,143
41$2,724,353$1,406,421$1,143,153$2,149,957
42$2,970,598$1,443,696$1,149,810$2,292,035
43$3,240,963$1,481,801$1,155,693$2,446,471
44$3,537,877$1,520,746$1,160,744$2,614,472
45$3,864,016$1,560,538$1,164,905$2,797,367
46$4,222,328$1,601,186$1,168,111$2,996,618
47$4,616,059$1,642,698$1,170,297$3,213,837
48$5,048,787$1,685,080$1,171,391$3,450,796
49$5,524,452$1,728,338$1,171,322$3,709,451
50$6,047,397$1,772,478$1,170,013$3,991,952
51$6,622,406$1,817,503$1,167,382$4,300,670
52$7,254,747$1,863,417$1,163,346$4,638,217
53$7,950,229$1,910,222$1,157,815$5,007,467
54$8,715,247$1,957,918$1,150,697$5,411,590
55$9,556,852$2,006,505$1,141,895$5,854,075
56$10,482,809$2,055,982$1,131,306$6,338,768
57$11,501,675$2,106,344$1,118,824$6,869,905
58$12,622,878$2,157,588$1,104,337$7,452,152
59$13,856,807$2,209,705$1,087,728$8,090,652
60$15,214,908$2,262,687$1,068,873$8,791,071
61$16,709,793$2,316,524$1,047,646$9,559,651
62$18,355,361$2,371,202$1,023,910$10,403,270
63$20,166,923$2,426,706$997,527$11,329,505
64$22,161,353$2,483,019$968,347$12,346,709
65$24,357,243$2,540,118$936,219$13,464,082
66$26,775,079$2,597,982$900,980$14,691,762
67$29,437,437$2,656,583$862,463$16,040,923
68$32,369,192$2,715,892$820,492$17,523,874
69$35,597,754$2,775,874$774,882$19,154,183
70$39,153,326$2,836,494$725,442$20,946,797
71$43,069,191$2,897,708$671,970$22,918,189
72$47,382,025$2,959,472$614,258$25,086,513
73$52,132,241$3,021,735$552,085$27,471,772
74$57,364,372$3,084,443$485,222$30,096,008
75$63,127,492$3,147,535$413,431$32,983,515
76$69,475,676$3,210,944$336,461$36,161,061
77$76,468,515$3,274,600$254,052$39,658,144
78$84,171,672$3,338,424$165,932$43,507,275
79$92,657,507$3,402,332$71,815$47,744,276
80$102,005,758$3,466,231$0$52,408,627
81$112,304,292$3,530,023$0$57,545,359
82$123,649,935$3,593,600$0$63,205,078
83$136,149,389$3,656,846$0$69,436,799
84$149,920,231$3,719,636$0$76,298,767
85$165,092,034$3,781,837$0$83,855,163
86$181,807,578$3,843,304$0$92,176,718
87$200,224,207$3,903,882$0$101,341,376
88$220,515,308$3,963,404$0$111,435,035
89$242,871,951$4,021,692$0$122,552,351
90$267,504,690$4,078,555$0$134,797,638
91$294,645,551$4,133,788$0$148,285,851
92$324,550,226$4,187,171$0$163,143,671
93$357,500,478$4,238,472$0$179,510,704
94$393,806,809$4,287,439$0$197,540,796
95$433,811,386$4,333,806$0$217,403,487
96$477,891,273$4,377,288$0$239,285,615
97$526,461,988$4,417,581$0$263,393,075
98$579,981,430$4,454,362$0$289,952,769
99$638,954,195$4,487,284$0$319,214,747
100$703,936,343$4,515,982$0$351,454,565