Can I retire at age 30 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$82,249$81,516$80,801$80,104$79,422$78,300
2 years$40,717$39,959$39,224$38,511$37,820$36,692
3 years$26,875$26,114$25,380$24,675$23,995$22,895
4 years$19,956$19,196$18,470$17,777$17,113$16,051
5 years$15,805$15,050$14,334$13,654$13,009$11,987
6 years$13,039$12,290$11,584$10,919$10,294$9,313
7 years$11,063$10,321$9,626$8,977$8,372$7,433
8 years$9,583$8,847$8,164$7,531$6,945$6,049
9 years$8,432$7,703$7,032$6,415$5,849$4,994
10 years$7,511$6,790$6,130$5,530$4,983$4,169
11 years$6,759$6,044$5,397$4,812$4,286$3,512
12 years$6,132$5,425$4,790$4,221$3,714$2,979
13 years$5,603$4,903$4,279$3,727$3,239$2,542
14 years$5,149$4,456$3,845$3,308$2,839$2,179
15 years$4,756$4,071$3,471$2,950$2,500$1,875
16 years$4,413$3,735$3,147$2,642$2,209$1,620
17 years$4,110$3,440$2,864$2,373$1,959$1,403
18 years$3,841$3,179$2,614$2,139$1,742$1,218
19 years$3,601$2,946$2,393$1,933$1,552$1,059
20 years$3,385$2,737$2,197$1,750$1,387$923
21 years$3,190$2,550$2,020$1,589$1,241$806
22 years$3,013$2,380$1,862$1,444$1,112$704
23 years$2,851$2,226$1,719$1,315$998$616
24 years$2,704$2,086$1,590$1,200$897$539
25 years$2,568$1,957$1,473$1,096$808$473
26 years$2,443$1,840$1,366$1,002$727$415
27 years$2,327$1,731$1,268$917$656$364
28 years$2,220$1,631$1,179$840$592$320
29 years$2,120$1,539$1,097$770$534$281
30 years$2,027$1,453$1,022$707$483$247
31 years$1,941$1,374$953$649$437$217
32 years$1,860$1,300$889$597$395$191
33 years$1,784$1,231$830$549$357$168
34 years$1,712$1,167$776$505$324$148
35 years$1,645$1,107$725$465$293$130
36 years$1,582$1,050$678$428$266$115
37 years$1,522$998$635$394$241$101
38 years$1,466$948$595$364$218$89
39 years$1,412$902$557$335$198$78
40 years$1,362$858$522$309$179$69
41 years$1,314$817$490$285$163$61
42 years$1,268$778$459$263$148$54
43 years$1,225$741$431$243$134$47
44 years$1,183$706$404$224$122$42
45 years$1,144$674$380$207$110$37
46 years$1,107$643$357$191$100$32
47 years$1,071$613$335$177$91$29
48 years$1,036$585$315$163$83$25
49 years$1,004$559$296$151$75$22
50 years$972$534$278$140$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $996,000, adding $4,022 every year, while hoping to spend $45,375 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: 43/29/28 Blend
29$996,000$996,000$996,000$996,000
30$1,101,741$1,048,953$1,033,515$1,139,971
31$1,165,840$1,052,073$1,019,859$1,170,879
32$1,234,956$1,053,825$1,004,225$1,199,742
33$1,309,553$1,054,094$986,498$1,230,148
34$1,390,141$1,052,759$966,560$1,262,269
35$1,477,281$1,049,688$944,284$1,296,293
36$1,571,586$1,044,746$919,541$1,332,433
37$1,673,735$1,037,786$892,192$1,370,926
38$1,784,472$1,028,653$862,096$1,412,036
39$1,904,614$1,017,183$829,102$1,456,057
40$2,035,061$1,003,202$793,054$1,503,317
41$2,176,804$986,525$753,788$1,554,183
42$2,330,930$966,957$711,133$1,609,061
43$2,498,639$944,292$664,909$1,668,404
44$2,681,247$918,309$614,931$1,732,717
45$2,880,206$888,778$561,002$1,802,559
46$3,097,110$855,451$502,919$1,878,553
47$3,333,717$818,070$440,469$1,961,392
48$3,591,960$776,360$373,428$2,051,843
49$3,873,968$730,029$301,566$2,150,758
50$4,182,082$678,770$224,638$2,259,086
51$4,518,883$622,258$142,391$2,377,875
52$4,887,209$560,149$54,562$2,508,291
53$5,290,188$492,080$0$2,651,624
54$5,731,262$417,666$0$2,821,009
55$6,214,222$336,503$0$3,024,485
56$6,743,243$248,162$0$3,247,581
57$7,322,921$152,190$0$3,492,339
58$7,958,321$48,109$0$3,761,011
59$8,655,018$0$0$4,056,086
60$9,419,154$0$0$4,400,920
61$10,257,493$0$0$4,796,209
62$11,177,487$0$0$5,230,128
63$12,187,343$0$0$5,706,566
64$13,296,101$0$0$6,229,803
65$14,513,721$0$0$6,804,558
66$15,851,172$0$0$7,436,026
67$17,320,541$0$0$8,129,932
68$18,935,140$0$0$8,892,582
69$20,709,638$0$0$9,730,925
70$22,660,193$0$0$10,652,614
71$24,804,606$0$0$11,666,084
72$27,162,492$0$0$12,780,625
73$29,755,458$0$0$14,006,474
74$32,607,312$0$0$15,354,910
75$35,744,284$0$0$16,838,360
76$39,195,274$0$0$18,470,514
77$42,992,126$0$0$20,266,460
78$47,169,923$0$0$22,242,818
79$51,767,321$0$0$24,417,904
80$56,826,916$0$0$26,811,898
81$62,395,638$0$0$29,447,035
82$68,525,200$0$0$32,347,817
83$75,272,581$0$0$35,541,240
84$82,700,566$0$0$39,057,051
85$90,878,336$0$0$42,928,028
86$99,882,121$0$0$47,190,291
87$109,795,920$0$0$51,883,639
88$120,712,289$0$0$57,051,925
89$132,733,220$0$0$62,743,476
90$145,971,096$0$0$69,011,542
91$160,549,757$0$0$75,914,799
92$176,605,664$0$0$83,517,907
93$194,289,188$0$0$91,892,115
94$213,766,029$0$0$101,115,937
95$235,218,776$0$0$111,275,890
96$258,848,636$0$0$122,467,312
97$284,877,323$0$0$134,795,259
98$313,549,160$0$0$148,375,499
99$345,133,376$0$0$163,335,604
100$379,926,651$0$0$179,816,152