Can I retire at age 30 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$82,331$81,598$80,882$80,184$79,502$77,236
2 years$40,758$39,999$39,263$38,550$37,858$35,593
3 years$26,902$26,140$25,406$24,699$24,019$21,825
4 years$19,976$19,216$18,489$17,795$17,130$15,025
5 years$15,821$15,065$14,348$13,668$13,022$11,011
6 years$13,052$12,302$11,596$10,930$10,304$8,389
7 years$11,075$10,331$9,636$8,986$8,380$6,561
8 years$9,592$8,856$8,172$7,538$6,952$5,228
9 years$8,440$7,710$7,039$6,421$5,855$4,224
10 years$7,519$6,796$6,136$5,535$4,988$3,449
11 years$6,766$6,050$5,402$4,817$4,290$2,840
12 years$6,139$5,431$4,794$4,225$3,718$2,353
13 years$5,608$4,908$4,284$3,730$3,242$1,960
14 years$5,154$4,461$3,849$3,311$2,842$1,640
15 years$4,761$4,075$3,475$2,953$2,502$1,377
16 years$4,417$3,739$3,151$2,644$2,211$1,159
17 years$4,114$3,443$2,867$2,376$1,961$978
18 years$3,845$3,182$2,617$2,141$1,744$827
19 years$3,605$2,949$2,396$1,935$1,554$700
20 years$3,388$2,740$2,199$1,752$1,388$594
21 years$3,193$2,552$2,022$1,590$1,242$504
22 years$3,016$2,383$1,864$1,446$1,113$429
23 years$2,854$2,228$1,721$1,317$999$365
24 years$2,706$2,088$1,592$1,201$898$310
25 years$2,570$1,959$1,474$1,097$808$264
26 years$2,445$1,841$1,367$1,003$728$225
27 years$2,329$1,733$1,270$918$657$192
28 years$2,222$1,633$1,180$841$592$164
29 years$2,122$1,541$1,098$771$535$140
30 years$2,029$1,455$1,023$708$483$119
31 years$1,943$1,375$954$650$437$102
32 years$1,862$1,301$890$597$395$87
33 years$1,785$1,232$831$549$358$74
34 years$1,714$1,168$776$505$324$63
35 years$1,647$1,108$726$465$293$54
36 years$1,583$1,052$679$429$266$46
37 years$1,524$999$636$395$241$40
38 years$1,467$949$595$364$218$34
39 years$1,414$903$558$336$198$29
40 years$1,363$859$523$310$180$25
41 years$1,315$817$490$286$163$21
42 years$1,269$778$460$264$148$18
43 years$1,226$742$431$243$134$15
44 years$1,185$707$405$225$122$13
45 years$1,145$674$380$207$111$11
46 years$1,108$643$357$192$100$10
47 years$1,072$614$335$177$91$8
48 years$1,038$586$315$164$83$7
49 years$1,005$560$296$151$75$6
50 years$973$534$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $997,000, adding $4,436 every year, while hoping to spend $20,534 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: 72/23/5 Blend
29$997,000$997,000$997,000$997,000
30$1,103,270$1,050,429$1,034,975$1,181,902
31$1,193,955$1,080,052$1,047,799$1,263,948
32$1,293,202$1,110,438$1,060,364$1,350,735
33$1,401,863$1,141,603$1,072,640$1,445,166
34$1,520,875$1,173,564$1,084,595$1,547,986
35$1,651,270$1,206,334$1,096,195$1,660,019
36$1,794,187$1,239,932$1,107,405$1,782,167
37$1,950,877$1,274,372$1,118,187$1,915,428
38$2,122,722$1,309,671$1,128,500$2,060,897
39$2,311,239$1,345,844$1,138,305$2,219,782
40$2,518,102$1,382,908$1,147,555$2,393,412
41$2,745,157$1,420,879$1,156,206$2,583,253
42$2,994,432$1,459,771$1,164,208$2,790,916
43$3,268,165$1,499,601$1,171,511$3,018,178
44$3,568,821$1,540,384$1,178,059$3,266,994
45$3,899,113$1,582,135$1,183,797$3,539,520
46$4,262,033$1,624,870$1,188,664$3,838,129
47$4,660,875$1,668,603$1,192,599$4,165,436
48$5,099,268$1,713,349$1,195,535$4,524,320
49$5,581,211$1,759,121$1,197,403$4,917,954
50$6,111,110$1,805,933$1,198,132$5,349,832
51$6,693,818$1,853,799$1,197,644$5,823,807
52$7,334,682$1,902,730$1,195,860$6,344,118
53$8,039,595$1,952,739$1,192,696$6,915,440
54$8,815,047$2,003,836$1,188,065$7,542,921
55$9,668,191$2,056,033$1,181,874$8,232,235
56$10,606,907$2,109,339$1,174,027$8,989,630
57$11,639,877$2,163,763$1,164,423$9,821,994
58$12,776,669$2,219,311$1,152,955$10,736,913
59$14,027,823$2,275,992$1,139,514$11,742,747
60$15,404,956$2,333,810$1,123,982$12,848,708
61$16,920,864$2,392,769$1,106,238$14,064,944
62$18,589,650$2,452,873$1,086,154$15,402,639
63$20,426,851$2,514,121$1,063,598$16,874,116
64$22,449,591$2,576,514$1,038,430$18,492,952
65$24,676,735$2,640,049$1,010,503$20,274,109
66$27,129,073$2,704,722$979,665$22,234,072
67$29,829,511$2,770,526$945,756$24,391,008
68$32,803,291$2,837,452$908,610$26,764,934
69$36,078,230$2,905,490$868,051$29,377,908
70$39,684,975$2,974,625$823,897$32,254,236
71$43,657,302$3,044,841$775,956$35,420,702
72$48,032,427$3,116,118$724,031$38,906,820
73$52,851,359$3,188,433$667,911$42,745,113
74$58,159,291$3,261,759$607,379$46,971,421
75$64,006,021$3,336,067$542,208$51,625,236
76$70,446,423$3,411,323$472,160$56,750,079
77$77,540,968$3,487,487$396,987$62,393,906
78$85,356,289$3,564,517$316,429$68,609,565
79$93,965,818$3,642,365$230,216$75,455,291
80$103,450,468$3,720,978$138,066$82,995,261
81$113,899,407$3,800,297$39,682$91,300,192
82$125,410,893$3,880,258$0$100,448,016
83$138,093,204$3,960,791$0$110,528,096
84$152,065,658$4,041,816$0$121,634,069
85$167,459,741$4,123,252$0$133,868,122
86$184,420,348$4,205,004$0$147,345,197
87$203,107,147$4,286,972$0$162,191,959
88$223,696,091$4,369,049$0$178,547,989
89$246,381,076$4,451,116$0$196,567,104
90$271,375,771$4,533,046$0$216,418,806
91$298,915,635$4,614,701$0$238,289,886
92$329,260,141$4,695,933$0$262,386,183
93$362,695,222$4,776,580$0$288,934,530
94$399,535,974$4,856,472$0$318,184,895
95$440,129,627$4,935,423$0$350,412,740
96$484,858,823$5,013,233$0$385,921,621
97$534,145,230$5,089,688$0$425,046,053
98$588,453,522$5,164,561$0$468,154,674
99$648,295,761$5,237,605$0$515,653,714
100$714,236,239$5,308,557$0$567,990,842