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%15%
1 years$82,331$81,598$80,882$80,184$79,502$77,865
2 years$40,758$39,999$39,263$38,550$37,858$36,216
3 years$26,902$26,140$25,406$24,699$24,019$22,423
4 years$19,976$19,216$18,489$17,795$17,130$15,594
5 years$15,821$15,065$14,348$13,668$13,022$11,549
6 years$13,052$12,302$11,596$10,930$10,304$8,895
7 years$11,075$10,331$9,636$8,986$8,380$7,036
8 years$9,592$8,856$8,172$7,538$6,952$5,672
9 years$8,440$7,710$7,039$6,421$5,855$4,639
10 years$7,519$6,796$6,136$5,535$4,988$3,835
11 years$6,766$6,050$5,402$4,817$4,290$3,198
12 years$6,139$5,431$4,794$4,225$3,718$2,685
13 years$5,608$4,908$4,284$3,730$3,242$2,267
14 years$5,154$4,461$3,849$3,311$2,842$1,922
15 years$4,761$4,075$3,475$2,953$2,502$1,636
16 years$4,417$3,739$3,151$2,644$2,211$1,397
17 years$4,114$3,443$2,867$2,376$1,961$1,197
18 years$3,845$3,182$2,617$2,141$1,744$1,027
19 years$3,605$2,949$2,396$1,935$1,554$883
20 years$3,388$2,740$2,199$1,752$1,388$760
21 years$3,193$2,552$2,022$1,590$1,242$655
22 years$3,016$2,383$1,864$1,446$1,113$566
23 years$2,854$2,228$1,721$1,317$999$489
24 years$2,706$2,088$1,592$1,201$898$423
25 years$2,570$1,959$1,474$1,097$808$366
26 years$2,445$1,841$1,367$1,003$728$317
27 years$2,329$1,733$1,270$918$657$275
28 years$2,222$1,633$1,180$841$592$238
29 years$2,122$1,541$1,098$771$535$206
30 years$2,029$1,455$1,023$708$483$179
31 years$1,943$1,375$954$650$437$155
32 years$1,862$1,301$890$597$395$135
33 years$1,785$1,232$831$549$358$117
34 years$1,714$1,168$776$505$324$102
35 years$1,647$1,108$726$465$293$88
36 years$1,583$1,052$679$429$266$77
37 years$1,524$999$636$395$241$67
38 years$1,467$949$595$364$218$58
39 years$1,414$903$558$336$198$50
40 years$1,363$859$523$310$180$44
41 years$1,315$817$490$286$163$38
42 years$1,269$778$460$264$148$33
43 years$1,226$742$431$243$134$29
44 years$1,185$707$405$225$122$25
45 years$1,145$674$380$207$111$22
46 years$1,108$643$357$192$100$19
47 years$1,072$614$335$177$91$16
48 years$1,038$586$315$164$83$14
49 years$1,005$560$296$151$75$12
50 years$973$534$279$140$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $997,000, adding $3,285 every year, while hoping to spend $54,537 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: 45/38/17 Blend
29$997,000$997,000$997,000$997,000
30$1,102,082$1,049,241$1,033,788$1,146,165
31$1,156,468$1,042,627$1,010,393$1,170,700
32$1,214,573$1,033,861$984,386$1,191,579
33$1,276,719$1,022,780$955,623$1,213,059
34$1,343,259$1,009,211$923,951$1,235,220
35$1,414,581$992,972$889,213$1,258,152
36$1,491,108$973,867$851,241$1,281,960
37$1,573,306$951,692$809,863$1,306,762
38$1,661,686$926,228$764,896$1,332,694
39$1,756,811$897,246$716,153$1,359,909
40$1,859,295$864,500$663,434$1,388,580
41$1,969,817$827,734$606,532$1,418,904
42$2,089,119$786,674$545,232$1,451,104
43$2,218,020$741,032$479,308$1,485,429
44$2,357,416$690,500$408,522$1,522,162
45$2,508,294$634,757$332,630$1,561,621
46$2,671,741$573,461$251,374$1,604,163
47$2,848,949$506,251$164,486$1,650,187
48$3,041,230$432,745$71,684$1,700,144
49$3,250,026$352,541$0$1,754,538
50$3,476,926$265,212$0$1,818,893
51$3,723,674$170,309$0$1,903,078
52$3,992,192$67,357$0$1,994,838
53$4,284,593$0$0$2,095,023
54$4,603,202$0$0$2,223,033
55$4,950,579$0$0$2,393,417
56$5,329,541$0$0$2,579,404
57$5,743,188$0$0$2,782,531
58$6,194,933$0$0$3,004,488
59$6,688,534$0$0$3,247,136
60$7,228,126$0$0$3,512,523
61$7,818,263$0$0$3,802,907
62$8,463,959$0$0$4,120,772
63$9,170,735$0$0$4,468,852
64$9,944,672$0$0$4,850,162
65$10,792,464$0$0$5,268,017
66$11,721,483$0$0$5,726,073
67$12,739,851$0$0$6,228,353
68$13,856,509$0$0$6,779,290
69$15,081,308$0$0$7,383,765
70$16,425,097$0$0$8,047,156
71$17,899,826$0$0$8,775,385
72$19,518,657$0$0$9,574,978
73$21,296,089$0$0$10,453,120
74$23,248,096$0$0$11,417,731
75$25,392,271$0$0$12,477,530
76$27,747,997$0$0$13,642,128
77$30,336,627$0$0$14,922,110
78$33,181,685$0$0$16,329,137
79$36,309,087$0$0$17,876,057
80$39,747,385$0$0$19,577,026
81$43,528,033$0$0$21,447,638
82$47,685,690$0$0$23,505,076
83$52,258,539$0$0$25,768,270
84$57,288,649$0$0$28,258,079
85$62,822,372$0$0$30,997,485
86$68,910,779$0$0$34,011,808
87$75,610,139$0$0$37,328,947
88$82,982,454$0$0$40,979,645
89$91,096,037$0$0$44,997,774
90$100,026,161$0$0$49,420,655
91$109,855,766$0$0$54,289,412
92$120,676,238$0$0$59,649,361
93$132,588,277$0$0$65,550,430
94$145,702,840$0$0$72,047,639
95$160,142,191$0$0$79,201,612
96$176,041,053$0$0$87,079,151
97$193,547,875$0$0$95,753,867
98$212,826,239$0$0$105,306,871
99$234,056,394$0$0$115,827,545
100$257,436,965$0$0$127,414,378