Can I retire at age 30 with 997,000?

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 $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%19%
1 years$82,331$81,598$80,882$80,184$79,502$76,620
2 years$40,758$39,999$39,263$38,550$37,858$34,986
3 years$26,902$26,140$25,406$24,699$24,019$21,247
4 years$19,976$19,216$18,489$17,795$17,130$14,481
5 years$15,821$15,065$14,348$13,668$13,022$10,501
6 years$13,052$12,302$11,596$10,930$10,304$7,913
7 years$11,075$10,331$9,636$8,986$8,380$6,119
8 years$9,592$8,856$8,172$7,538$6,952$4,818
9 years$8,440$7,710$7,039$6,421$5,855$3,846
10 years$7,519$6,796$6,136$5,535$4,988$3,101
11 years$6,766$6,050$5,402$4,817$4,290$2,520
12 years$6,139$5,431$4,794$4,225$3,718$2,061
13 years$5,608$4,908$4,284$3,730$3,242$1,693
14 years$5,154$4,461$3,849$3,311$2,842$1,397
15 years$4,761$4,075$3,475$2,953$2,502$1,156
16 years$4,417$3,739$3,151$2,644$2,211$960
17 years$4,114$3,443$2,867$2,376$1,961$798
18 years$3,845$3,182$2,617$2,141$1,744$665
19 years$3,605$2,949$2,396$1,935$1,554$555
20 years$3,388$2,740$2,199$1,752$1,388$463
21 years$3,193$2,552$2,022$1,590$1,242$387
22 years$3,016$2,383$1,864$1,446$1,113$324
23 years$2,854$2,228$1,721$1,317$999$271
24 years$2,706$2,088$1,592$1,201$898$227
25 years$2,570$1,959$1,474$1,097$808$191
26 years$2,445$1,841$1,367$1,003$728$160
27 years$2,329$1,733$1,270$918$657$134
28 years$2,222$1,633$1,180$841$592$112
29 years$2,122$1,541$1,098$771$535$94
30 years$2,029$1,455$1,023$708$483$79
31 years$1,943$1,375$954$650$437$67
32 years$1,862$1,301$890$597$395$56
33 years$1,785$1,232$831$549$358$47
34 years$1,714$1,168$776$505$324$39
35 years$1,647$1,108$726$465$293$33
36 years$1,583$1,052$679$429$266$28
37 years$1,524$999$636$395$241$23
38 years$1,467$949$595$364$218$20
39 years$1,414$903$558$336$198$16
40 years$1,363$859$523$310$180$14
41 years$1,315$817$490$286$163$12
42 years$1,269$778$460$264$148$10
43 years$1,226$742$431$243$134$8
44 years$1,185$707$405$225$122$7
45 years$1,145$674$380$207$111$6
46 years$1,108$643$357$192$100$5
47 years$1,072$614$335$177$91$4
48 years$1,038$586$315$164$83$3
49 years$1,005$560$296$151$75$3
50 years$973$534$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $997,000, adding $2,053 every year, while hoping to spend $28,900 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: 77/5/18 Blend
29$997,000$997,000$997,000$997,000
30$1,100,812$1,047,971$1,032,517$1,180,944
31$1,182,345$1,068,572$1,036,357$1,254,783
32$1,271,226$1,089,214$1,039,357$1,331,927
33$1,368,174$1,109,868$1,041,458$1,415,753
34$1,473,980$1,130,504$1,042,600$1,506,918
35$1,589,516$1,151,088$1,042,716$1,606,148
36$1,715,739$1,171,584$1,041,740$1,714,242
37$1,853,706$1,191,953$1,039,600$1,832,081
38$2,004,579$1,212,154$1,036,221$1,960,636
39$2,169,637$1,232,141$1,031,526$2,100,974
40$2,350,291$1,251,866$1,025,432$2,254,274
41$2,548,090$1,271,277$1,017,854$2,421,835
42$2,764,744$1,290,319$1,008,701$2,605,085
43$3,002,134$1,308,931$997,879$2,805,602
44$3,262,333$1,327,049$985,289$3,025,122
45$3,547,622$1,344,606$970,827$3,265,558
46$3,860,516$1,361,528$954,386$3,529,020
47$4,203,783$1,377,737$935,852$3,817,832
48$4,580,471$1,393,149$915,106$4,134,554
49$4,993,941$1,407,675$892,024$4,482,011
50$5,447,892$1,421,220$866,476$4,863,312
51$5,946,401$1,433,683$838,326$5,281,885
52$6,493,955$1,444,956$807,432$5,741,508
53$7,095,503$1,454,923$773,645$6,246,344
54$7,756,492$1,463,462$736,810$6,800,982
55$8,482,925$1,470,442$696,764$7,410,478
56$9,281,416$1,475,726$653,338$8,080,405
57$10,159,249$1,479,166$606,354$8,816,905
58$11,124,453$1,480,605$555,626$9,626,746
59$12,185,868$1,479,876$500,962$10,517,387
60$13,353,241$1,476,804$442,157$11,497,049
61$14,637,304$1,471,199$379,002$12,574,793
62$16,049,885$1,462,865$311,275$13,760,602
63$17,604,017$1,451,588$238,746$15,065,481
64$19,314,057$1,437,146$161,174$16,501,557
65$21,195,825$1,419,301$78,308$18,082,196
66$23,266,753$1,397,801$0$19,822,127
67$25,546,049$1,372,380$0$21,739,527
68$28,054,874$1,342,755$0$23,866,519
69$30,816,547$1,308,626$0$26,207,817
70$33,856,764$1,269,678$0$28,785,208
71$37,203,837$1,225,574$0$31,622,698
72$40,888,961$1,175,961$0$34,746,740
73$44,946,514$1,120,462$0$38,186,483
74$49,414,374$1,058,680$0$41,974,048
75$54,334,280$990,195$0$46,144,829
76$59,752,225$914,563$0$50,737,830
77$65,718,890$831,315$0$55,796,030
78$72,290,121$739,953$0$61,366,791
79$79,527,456$639,953$0$67,502,302
80$87,498,707$530,762$0$74,260,075
81$96,278,598$411,792$0$81,703,486
82$105,949,472$282,427$0$89,902,372
83$116,602,064$142,012$0$98,933,691
84$128,336,362$0$0$108,882,251
85$141,262,545$0$0$119,842,062
86$155,502,030$0$0$131,924,051
87$171,188,609$0$0$145,233,933
88$188,469,719$0$0$159,896,813
89$207,507,828$0$0$176,050,551
90$228,481,971$0$0$193,847,063
91$251,589,439$0$0$213,453,760
92$277,047,642$0$0$235,055,121
93$305,096,158$0$0$258,854,436
94$335,998,998$0$0$285,075,727
95$370,047,092$0$0$313,965,862
96$407,561,041$0$0$345,796,881
97$448,894,142$0$0$380,868,569
98$494,435,719$0$0$419,511,282
99$544,614,798$0$0$462,089,067
100$599,904,163$0$0$509,003,095