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%12.9%
1 years$82,249$81,516$80,801$80,104$79,422$78,463
2 years$40,717$39,959$39,224$38,511$37,820$36,854
3 years$26,875$26,114$25,380$24,675$23,995$23,053
4 years$19,956$19,196$18,470$17,777$17,113$16,202
5 years$15,805$15,050$14,334$13,654$13,009$12,132
6 years$13,039$12,290$11,584$10,919$10,294$9,451
7 years$11,063$10,321$9,626$8,977$8,372$7,564
8 years$9,583$8,847$8,164$7,531$6,945$6,173
9 years$8,432$7,703$7,032$6,415$5,849$5,111
10 years$7,511$6,790$6,130$5,530$4,983$4,280
11 years$6,759$6,044$5,397$4,812$4,286$3,617
12 years$6,132$5,425$4,790$4,221$3,714$3,078
13 years$5,603$4,903$4,279$3,727$3,239$2,635
14 years$5,149$4,456$3,845$3,308$2,839$2,266
15 years$4,756$4,071$3,471$2,950$2,500$1,957
16 years$4,413$3,735$3,147$2,642$2,209$1,696
17 years$4,110$3,440$2,864$2,373$1,959$1,474
18 years$3,841$3,179$2,614$2,139$1,742$1,284
19 years$3,601$2,946$2,393$1,933$1,552$1,121
20 years$3,385$2,737$2,197$1,750$1,387$981
21 years$3,190$2,550$2,020$1,589$1,241$859
22 years$3,013$2,380$1,862$1,444$1,112$754
23 years$2,851$2,226$1,719$1,315$998$662
24 years$2,704$2,086$1,590$1,200$897$582
25 years$2,568$1,957$1,473$1,096$808$512
26 years$2,443$1,840$1,366$1,002$727$451
27 years$2,327$1,731$1,268$917$656$397
28 years$2,220$1,631$1,179$840$592$350
29 years$2,120$1,539$1,097$770$534$309
30 years$2,027$1,453$1,022$707$483$273
31 years$1,941$1,374$953$649$437$241
32 years$1,860$1,300$889$597$395$213
33 years$1,784$1,231$830$549$357$188
34 years$1,712$1,167$776$505$324$166
35 years$1,645$1,107$725$465$293$147
36 years$1,582$1,050$678$428$266$130
37 years$1,522$998$635$394$241$115
38 years$1,466$948$595$364$218$102
39 years$1,412$902$557$335$198$90
40 years$1,362$858$522$309$179$80
41 years$1,314$817$490$285$163$70
42 years$1,268$778$459$263$148$62
43 years$1,225$741$431$243$134$55
44 years$1,183$706$404$224$122$49
45 years$1,144$674$380$207$110$43
46 years$1,107$643$357$191$100$38
47 years$1,071$613$335$177$91$34
48 years$1,036$585$315$163$83$30
49 years$1,004$559$296$151$75$27
50 years$972$534$278$140$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $996,000, adding $3,407 every year, while hoping to spend $33,795 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: 42/45/13 Blend
29$996,000$996,000$996,000$996,000
30$1,101,106$1,048,318$1,032,880$1,143,024
31$1,177,462$1,063,728$1,031,524$1,188,190
32$1,260,472$1,078,761$1,028,990$1,233,444
33$1,350,782$1,093,361$1,025,203$1,281,707
34$1,449,098$1,107,472$1,020,083$1,333,269
35$1,556,199$1,121,032$1,013,549$1,388,448
36$1,672,942$1,133,973$1,005,514$1,447,600
37$1,800,270$1,146,226$995,887$1,511,115
38$1,939,222$1,157,715$984,573$1,579,425
39$2,090,939$1,168,359$971,472$1,653,007
40$2,256,680$1,178,074$956,482$1,732,391
41$2,437,829$1,186,767$939,491$1,818,159
42$2,635,910$1,194,342$920,387$1,910,955
43$2,852,603$1,200,694$899,050$2,011,491
44$3,089,755$1,205,715$875,355$2,120,555
45$3,349,402$1,209,286$849,171$2,239,015
46$3,633,783$1,211,284$820,361$2,367,831
47$3,945,369$1,211,577$788,782$2,508,066
48$4,286,875$1,210,023$754,285$2,660,889
49$4,661,296$1,206,474$716,714$2,827,596
50$5,071,929$1,200,771$675,904$3,009,615
51$5,522,404$1,192,748$631,686$3,208,526
52$6,016,722$1,182,225$583,879$3,426,072
53$6,559,287$1,169,014$532,299$3,664,177
54$7,154,954$1,152,914$476,750$3,924,967
55$7,809,067$1,133,715$417,029$4,210,790
56$8,527,515$1,111,190$352,923$4,524,236
57$9,316,785$1,085,102$284,210$4,868,165
58$10,184,024$1,055,199$210,658$5,245,736
59$11,137,105$1,021,214$132,025$5,660,433
60$12,184,700$982,865$48,059$6,116,105
61$13,336,366$939,852$0$6,616,998
62$14,602,630$891,859$0$7,173,560
63$15,995,091$838,552$0$7,792,690
64$17,526,527$779,578$0$8,473,462
65$19,211,017$714,562$0$9,222,216
66$21,064,074$643,109$0$10,045,943
67$23,102,789$564,800$0$10,952,358
68$25,345,994$479,196$0$11,949,968
69$27,814,437$385,828$0$13,048,156
70$30,530,981$284,205$0$14,257,270
71$33,520,815$173,806$0$15,588,724
72$36,811,697$54,080$0$17,055,104
73$40,434,208$0$0$18,670,292
74$44,422,049$0$0$20,487,007
75$48,812,352$0$0$22,516,706
76$53,646,032$0$0$24,751,545
77$58,968,174$0$0$27,212,388
78$64,828,458$0$0$29,922,228
79$71,281,625$0$0$32,906,398
80$78,387,995$0$0$36,192,815
81$86,214,038$0$0$39,812,239
82$94,832,998$0$0$43,798,570
83$104,325,582$0$0$48,189,159
84$114,780,729$0$0$53,025,167
85$126,296,439$0$0$58,351,950
86$138,980,706$0$0$64,219,488
87$152,952,532$0$0$70,682,859
88$168,343,052$0$0$77,802,752
89$185,296,770$0$0$85,646,047
90$203,972,923$0$0$94,286,441
91$224,546,984$0$0$103,805,147
92$247,212,318$0$0$114,291,658
93$272,182,003$0$0$125,844,593
94$299,690,849$0$0$138,572,625
95$329,997,605$0$0$152,595,511
96$363,387,405$0$0$168,045,218
97$400,174,462$0$0$185,067,171
98$440,705,028$0$0$203,821,627
99$485,360,663$0$0$224,485,181
100$534,561,840$0$0$247,252,441