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%16.9%
1 years$82,249$81,516$80,801$80,104$79,422$77,190
2 years$40,717$39,959$39,224$38,511$37,820$35,588
3 years$26,875$26,114$25,380$24,675$23,995$21,832
4 years$19,956$19,196$18,470$17,777$17,113$15,038
5 years$15,805$15,050$14,334$13,654$13,009$11,026
6 years$13,039$12,290$11,584$10,919$10,294$8,405
7 years$11,063$10,321$9,626$8,977$8,372$6,577
8 years$9,583$8,847$8,164$7,531$6,945$5,244
9 years$8,432$7,703$7,032$6,415$5,849$4,240
10 years$7,511$6,790$6,130$5,530$4,983$3,464
11 years$6,759$6,044$5,397$4,812$4,286$2,854
12 years$6,132$5,425$4,790$4,221$3,714$2,366
13 years$5,603$4,903$4,279$3,727$3,239$1,972
14 years$5,149$4,456$3,845$3,308$2,839$1,651
15 years$4,756$4,071$3,471$2,950$2,500$1,387
16 years$4,413$3,735$3,147$2,642$2,209$1,169
17 years$4,110$3,440$2,864$2,373$1,959$987
18 years$3,841$3,179$2,614$2,139$1,742$835
19 years$3,601$2,946$2,393$1,933$1,552$708
20 years$3,385$2,737$2,197$1,750$1,387$601
21 years$3,190$2,550$2,020$1,589$1,241$511
22 years$3,013$2,380$1,862$1,444$1,112$434
23 years$2,851$2,226$1,719$1,315$998$370
24 years$2,704$2,086$1,590$1,200$897$315
25 years$2,568$1,957$1,473$1,096$808$268
26 years$2,443$1,840$1,366$1,002$727$229
27 years$2,327$1,731$1,268$917$656$195
28 years$2,220$1,631$1,179$840$592$167
29 years$2,120$1,539$1,097$770$534$142
30 years$2,027$1,453$1,022$707$483$122
31 years$1,941$1,374$953$649$437$104
32 years$1,860$1,300$889$597$395$89
33 years$1,784$1,231$830$549$357$76
34 years$1,712$1,167$776$505$324$65
35 years$1,645$1,107$725$465$293$55
36 years$1,582$1,050$678$428$266$47
37 years$1,522$998$635$394$241$41
38 years$1,466$948$595$364$218$35
39 years$1,412$902$557$335$198$30
40 years$1,362$858$522$309$179$25
41 years$1,314$817$490$285$163$22
42 years$1,268$778$459$263$148$19
43 years$1,225$741$431$243$134$16
44 years$1,183$706$404$224$122$14
45 years$1,144$674$380$207$110$12
46 years$1,107$643$357$191$100$10
47 years$1,071$613$335$177$91$8
48 years$1,036$585$315$163$83$7
49 years$1,004$559$296$151$75$6
50 years$972$534$278$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $996,000, adding $6,527 every year, while hoping to spend $20,883 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: 51/39/10 Blend
29$996,000$996,000$996,000$996,000
30$1,104,325$1,051,537$1,036,099$1,157,426
31$1,194,746$1,080,843$1,048,589$1,223,681
32$1,293,691$1,110,885$1,060,797$1,292,895
33$1,402,007$1,141,677$1,072,692$1,367,651
34$1,520,625$1,173,233$1,084,242$1,448,476
35$1,650,575$1,205,567$1,095,410$1,535,950
36$1,792,987$1,238,694$1,106,160$1,630,711
37$1,949,108$1,272,626$1,116,452$1,733,460
38$2,120,310$1,307,378$1,126,247$1,844,972
39$2,308,106$1,342,963$1,135,499$1,966,096
40$2,514,159$1,379,395$1,144,165$2,097,769
41$2,740,305$1,416,686$1,152,196$2,241,023
42$2,988,563$1,454,851$1,159,542$2,396,992
43$3,261,158$1,493,901$1,166,149$2,566,929
44$3,560,543$1,533,849$1,171,962$2,752,209
45$3,889,418$1,574,707$1,176,922$2,954,349
46$4,250,758$1,616,487$1,180,968$3,175,020
47$4,647,840$1,659,199$1,184,035$3,416,062
48$5,084,274$1,702,855$1,186,055$3,679,501
49$5,564,040$1,747,464$1,186,957$3,967,571
50$6,091,518$1,793,036$1,186,666$4,282,729
51$6,671,537$1,839,579$1,185,103$4,627,685
52$7,309,416$1,887,101$1,182,187$5,005,423
53$8,011,017$1,935,609$1,177,830$5,419,232
54$8,782,796$1,985,109$1,171,943$5,872,733
55$9,631,869$2,035,607$1,164,431$6,369,917
56$10,566,073$2,087,106$1,155,193$6,915,183
57$11,594,047$2,139,608$1,144,126$7,513,373
58$12,725,306$2,193,115$1,131,121$8,169,826
59$13,970,337$2,247,627$1,116,063$8,890,424
60$15,340,693$2,303,143$1,098,833$9,681,647
61$16,849,104$2,359,658$1,079,305$10,550,636
62$18,509,599$2,417,167$1,057,348$11,505,258
63$20,337,634$2,475,665$1,032,825$12,554,184
64$22,350,241$2,535,140$1,005,592$13,706,967
65$24,566,185$2,595,581$975,499$14,974,134
66$27,006,147$2,656,976$942,389$16,367,286
67$29,692,912$2,719,306$906,098$17,899,205
68$32,651,590$2,782,553$866,453$19,583,978
69$35,909,848$2,846,694$823,275$21,437,127
70$39,498,174$2,911,703$776,376$23,475,756
71$43,450,163$2,977,552$725,560$25,718,716
72$47,802,835$3,044,207$670,622$28,186,776
73$52,596,984$3,111,633$611,347$30,902,828
74$57,877,560$3,179,787$547,511$33,892,094
75$63,694,100$3,248,625$478,881$37,182,373
76$70,101,187$3,318,096$405,212$40,804,296
77$77,158,971$3,388,146$326,250$44,791,619
78$84,933,734$3,458,713$241,727$49,181,543
79$93,498,516$3,529,731$151,366$54,015,061
80$102,933,804$3,601,128$54,877$59,337,350
81$113,328,293$3,672,824$0$65,198,193
82$124,779,720$3,744,733$0$71,657,586
83$137,395,788$3,816,761$0$78,777,438
84$151,295,184$3,888,808$0$86,618,550
85$166,608,697$3,960,764$0$95,254,384
86$183,480,452$4,032,510$0$104,765,892
87$202,069,273$4,103,918$0$115,242,284
88$222,550,179$4,174,850$0$126,781,866
89$245,116,037$4,245,157$0$139,492,975
90$269,979,383$4,314,681$0$153,494,994
91$297,374,429$4,383,248$0$168,919,483
92$327,559,269$4,450,676$0$185,911,422
93$360,818,321$4,516,766$0$204,630,579
94$397,465,009$4,581,307$0$225,253,017
95$437,844,721$4,644,071$0$247,972,757
96$482,338,069$4,704,817$0$273,003,613
97$531,364,484$4,763,285$0$300,581,207
98$585,386,173$4,819,198$0$330,965,195
99$644,912,483$4,872,259$0$364,441,718
100$710,504,710$4,922,153$0$401,326,107