Can I retire at age 30 with 996,000?

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 $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%14.2%
1 years$82,249$81,516$80,801$80,104$79,422$78,042
2 years$40,717$39,959$39,224$38,511$37,820$36,434
3 years$26,875$26,114$25,380$24,675$23,995$22,646
4 years$19,956$19,196$18,470$17,777$17,113$15,812
5 years$15,805$15,050$14,334$13,654$13,009$11,760
6 years$13,039$12,290$11,584$10,919$10,294$9,097
7 years$11,063$10,321$9,626$8,977$8,372$7,228
8 years$9,583$8,847$8,164$7,531$6,945$5,855
9 years$8,432$7,703$7,032$6,415$5,849$4,811
10 years$7,511$6,790$6,130$5,530$4,983$3,997
11 years$6,759$6,044$5,397$4,812$4,286$3,350
12 years$6,132$5,425$4,790$4,221$3,714$2,827
13 years$5,603$4,903$4,279$3,727$3,239$2,399
14 years$5,149$4,456$3,845$3,308$2,839$2,046
15 years$4,756$4,071$3,471$2,950$2,500$1,751
16 years$4,413$3,735$3,147$2,642$2,209$1,504
17 years$4,110$3,440$2,864$2,373$1,959$1,295
18 years$3,841$3,179$2,614$2,139$1,742$1,118
19 years$3,601$2,946$2,393$1,933$1,552$967
20 years$3,385$2,737$2,197$1,750$1,387$837
21 years$3,190$2,550$2,020$1,589$1,241$726
22 years$3,013$2,380$1,862$1,444$1,112$631
23 years$2,851$2,226$1,719$1,315$998$549
24 years$2,704$2,086$1,590$1,200$897$477
25 years$2,568$1,957$1,473$1,096$808$416
26 years$2,443$1,840$1,366$1,002$727$362
27 years$2,327$1,731$1,268$917$656$316
28 years$2,220$1,631$1,179$840$592$276
29 years$2,120$1,539$1,097$770$534$241
30 years$2,027$1,453$1,022$707$483$210
31 years$1,941$1,374$953$649$437$184
32 years$1,860$1,300$889$597$395$161
33 years$1,784$1,231$830$549$357$140
34 years$1,712$1,167$776$505$324$123
35 years$1,645$1,107$725$465$293$107
36 years$1,582$1,050$678$428$266$94
37 years$1,522$998$635$394$241$82
38 years$1,466$948$595$364$218$72
39 years$1,412$902$557$335$198$63
40 years$1,362$858$522$309$179$55
41 years$1,314$817$490$285$163$48
42 years$1,268$778$459$263$148$42
43 years$1,225$741$431$243$134$37
44 years$1,183$706$404$224$122$32
45 years$1,144$674$380$207$110$28
46 years$1,107$643$357$191$100$25
47 years$1,071$613$335$177$91$22
48 years$1,036$585$315$163$83$19
49 years$1,004$559$296$151$75$17
50 years$972$534$278$140$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $996,000, adding $5,380 every year, while hoping to spend $32,395 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: 60/30/10 Blend
29$996,000$996,000$996,000$996,000
30$1,103,141$1,050,353$1,034,915$1,166,462
31$1,181,194$1,067,353$1,035,117$1,226,612
32$1,266,122$1,084,099$1,034,240$1,288,032
33$1,358,593$1,100,546$1,032,213$1,354,229
34$1,459,340$1,116,644$1,028,963$1,425,665
35$1,569,172$1,132,339$1,024,413$1,502,849
36$1,688,978$1,147,574$1,018,481$1,586,344
37$1,819,736$1,162,288$1,011,083$1,676,767
38$1,962,524$1,176,415$1,002,129$1,774,802
39$2,118,527$1,189,884$991,526$1,881,202
40$2,289,051$1,202,623$979,176$1,996,795
41$2,475,533$1,214,550$964,977$2,122,497
42$2,679,556$1,225,582$948,822$2,259,316
43$2,902,862$1,235,626$930,599$2,408,364
44$3,147,369$1,244,588$910,190$2,570,868
45$3,415,192$1,252,363$887,472$2,748,181
46$3,708,656$1,258,844$862,317$2,941,792
47$4,030,325$1,263,913$834,591$3,153,346
48$4,383,021$1,267,448$804,152$3,384,656
49$4,769,852$1,269,316$770,854$3,637,721
50$5,194,243$1,269,378$734,543$3,914,746
51$5,659,964$1,267,486$695,059$4,218,159
52$6,171,170$1,263,482$652,233$4,550,643
53$6,732,436$1,257,200$605,890$4,915,150
54$7,348,803$1,248,461$555,846$5,314,941
55$8,025,825$1,237,079$501,910$5,753,607
56$8,769,616$1,222,854$443,882$6,235,109
57$9,586,917$1,205,574$381,552$6,763,815
58$10,485,151$1,185,015$314,702$7,344,542
59$11,472,497$1,160,941$243,105$7,982,597
60$12,557,964$1,133,100$166,521$8,683,837
61$13,751,480$1,101,225$84,703$9,454,714
62$15,063,981$1,065,036$0$10,302,346
63$16,507,518$1,024,234$0$11,234,856
64$18,095,367$978,503$0$12,270,280
65$19,842,155$927,510$0$13,409,136
66$21,763,999$870,901$0$14,661,969
67$23,878,655$808,305$0$16,040,403
68$26,205,691$739,325$0$17,557,251
69$28,766,664$663,544$0$19,226,636
70$31,585,328$580,522$0$21,064,125
71$34,687,856$489,792$0$23,086,876
72$38,103,089$390,863$0$25,313,804
73$41,862,802$283,214$0$27,765,756
74$46,002,012$166,295$0$30,465,711
75$50,559,302$39,528$0$33,438,998
76$55,577,185$0$0$36,713,534
77$61,102,508$0$0$40,352,344
78$67,186,893$0$0$44,373,807
79$73,887,221$0$0$48,802,484
80$81,266,171$0$0$53,679,815
81$89,392,811$0$0$59,051,469
82$98,343,250$0$0$64,967,764
83$108,201,352$0$0$71,484,153
84$119,059,535$0$0$78,661,738
85$131,019,634$0$0$86,567,852
86$144,193,869$0$0$95,276,692
87$158,705,897$0$0$104,870,020
88$174,691,986$0$0$115,437,933
89$192,302,296$0$0$127,079,715
90$211,702,297$0$0$139,904,774
91$233,074,331$0$0$154,033,670
92$256,619,332$0$0$169,599,259
93$282,558,723$0$0$186,747,945
94$311,136,505$0$0$205,641,058
95$342,621,559$0$0$226,456,380
96$377,310,187$0$0$249,389,824
97$415,528,903$0$0$274,657,277
98$457,637,520$0$0$302,496,646
99$504,032,543$0$0$333,170,097
100$555,150,913$0$0$366,966,532