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%13.6%
1 years$82,331$81,598$80,882$80,184$79,502$78,314
2 years$40,758$39,999$39,263$38,550$37,858$36,664
3 years$26,902$26,140$25,406$24,699$24,019$22,855
4 years$19,976$19,216$18,489$17,795$17,130$16,007
5 years$15,821$15,065$14,348$13,668$13,022$11,942
6 years$13,052$12,302$11,596$10,930$10,304$9,268
7 years$11,075$10,331$9,636$8,986$8,380$7,389
8 years$9,592$8,856$8,172$7,538$6,952$6,006
9 years$8,440$7,710$7,039$6,421$5,855$4,952
10 years$7,519$6,796$6,136$5,535$4,988$4,130
11 years$6,766$6,050$5,402$4,817$4,290$3,474
12 years$6,139$5,431$4,794$4,225$3,718$2,943
13 years$5,608$4,908$4,284$3,730$3,242$2,508
14 years$5,154$4,461$3,849$3,311$2,842$2,147
15 years$4,761$4,075$3,475$2,953$2,502$1,845
16 years$4,417$3,739$3,151$2,644$2,211$1,592
17 years$4,114$3,443$2,867$2,376$1,961$1,376
18 years$3,845$3,182$2,617$2,141$1,744$1,193
19 years$3,605$2,949$2,396$1,935$1,554$1,036
20 years$3,388$2,740$2,199$1,752$1,388$902
21 years$3,193$2,552$2,022$1,590$1,242$786
22 years$3,016$2,383$1,864$1,446$1,113$686
23 years$2,854$2,228$1,721$1,317$999$599
24 years$2,706$2,088$1,592$1,201$898$524
25 years$2,570$1,959$1,474$1,097$808$458
26 years$2,445$1,841$1,367$1,003$728$401
27 years$2,329$1,733$1,270$918$657$352
28 years$2,222$1,633$1,180$841$592$308
29 years$2,122$1,541$1,098$771$535$271
30 years$2,029$1,455$1,023$708$483$237
31 years$1,943$1,375$954$650$437$208
32 years$1,862$1,301$890$597$395$183
33 years$1,785$1,232$831$549$358$161
34 years$1,714$1,168$776$505$324$141
35 years$1,647$1,108$726$465$293$124
36 years$1,583$1,052$679$429$266$109
37 years$1,524$999$636$395$241$96
38 years$1,467$949$595$364$218$84
39 years$1,414$903$558$336$198$74
40 years$1,363$859$523$310$180$65
41 years$1,315$817$490$286$163$57
42 years$1,269$778$460$264$148$51
43 years$1,226$742$431$243$134$44
44 years$1,185$707$405$225$122$39
45 years$1,145$674$380$207$111$34
46 years$1,108$643$357$192$100$30
47 years$1,072$614$335$177$91$27
48 years$1,038$586$315$164$83$23
49 years$1,005$560$296$151$75$21
50 years$973$534$279$140$68$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $997,000, adding $5,451 every year, while hoping to spend $42,874 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: 71/16/13 Blend
29$997,000$997,000$997,000$997,000
30$1,104,317$1,051,476$1,036,022$1,179,238
31$1,171,339$1,057,380$1,025,111$1,235,539
32$1,243,761$1,062,137$1,012,398$1,291,415
33$1,322,088$1,065,645$997,777$1,351,450
34$1,406,876$1,067,796$981,136$1,416,044
35$1,498,734$1,068,476$962,362$1,485,640
36$1,598,336$1,067,561$941,331$1,560,729
37$1,706,418$1,064,924$917,918$1,641,849
38$1,823,795$1,060,427$891,990$1,729,595
39$1,951,358$1,053,925$863,408$1,824,622
40$2,090,091$1,045,262$832,027$1,927,656
41$2,241,076$1,034,275$797,695$2,039,493
42$2,405,501$1,020,790$760,254$2,161,015
43$2,584,677$1,004,623$719,537$2,293,192
44$2,780,043$985,579$675,371$2,437,097
45$2,993,187$963,451$627,575$2,593,911
46$3,225,853$938,021$575,959$2,764,938
47$3,479,962$909,057$520,326$2,951,617
48$3,757,631$876,313$460,470$3,155,532
49$4,061,187$839,531$396,174$3,378,434
50$4,393,195$798,434$327,212$3,622,253
51$4,756,477$752,734$253,350$3,889,118
52$5,154,142$702,122$174,342$4,181,375
53$5,589,613$646,274$89,930$4,501,615
54$6,066,659$584,847$0$4,852,693
55$6,589,431$517,478$0$5,237,779
56$7,162,500$443,782$0$5,673,641
57$7,790,903$363,355$0$6,151,662
58$8,480,185$275,769$0$6,676,109
59$9,236,453$180,571$0$7,251,686
60$10,066,437$77,284$0$7,883,575
61$10,977,547$0$0$8,577,492
62$11,977,946$0$0$9,345,825
63$13,076,627$0$0$10,204,638
64$14,283,498$0$0$11,148,074
65$15,609,471$0$0$12,184,671
66$17,066,568$0$0$13,323,836
67$18,668,034$0$0$14,575,929
68$20,428,461$0$0$15,952,367
69$22,363,925$0$0$17,465,728
70$24,492,136$0$0$19,129,867
71$26,832,609$0$0$20,960,052
72$29,406,841$0$0$22,973,102
73$32,238,520$0$0$25,187,549
74$35,353,744$0$0$27,623,812
75$38,781,268$0$0$30,304,389
76$42,552,775$0$0$33,254,068
77$46,703,174$0$0$36,500,161
78$51,270,930$0$0$40,072,762
79$56,298,423$0$0$44,005,030
80$61,832,353$0$0$48,333,502
81$67,924,176$0$0$53,098,437
82$74,630,590$0$0$58,344,196
83$82,014,070$0$0$64,119,657
84$90,143,456$0$0$70,478,683
85$99,094,604$0$0$77,480,623
86$108,951,100$0$0$85,190,873
87$119,805,047$0$0$93,681,497
88$131,757,935$0$0$103,031,901
89$144,921,601$0$0$113,329,585
90$159,419,278$0$0$124,670,968
91$175,386,762$0$0$137,162,298
92$192,973,690$0$0$150,920,652
93$212,344,956$0$0$166,075,045
94$233,682,262$0$0$182,767,640
95$257,185,833$0$0$201,155,099
96$283,076,310$0$0$221,410,050
97$311,596,828$0$0$243,722,726
98$343,015,310$0$0$268,302,754
99$377,627,000$0$0$295,381,135
100$415,757,241$0$0$325,212,422