Can I retire at age 30 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$82,414$81,680$80,964$80,265$79,582$77,438
2 years$40,799$40,039$39,303$38,589$37,896$35,752
3 years$26,929$26,166$25,431$24,724$24,043$21,965
4 years$19,996$19,235$18,508$17,812$17,148$15,152
5 years$15,837$15,080$14,363$13,682$13,035$11,127
6 years$13,065$12,314$11,607$10,941$10,314$8,496
7 years$11,086$10,341$9,646$8,995$8,388$6,660
8 years$9,602$8,865$8,180$7,546$6,959$5,319
9 years$8,449$7,718$7,046$6,428$5,860$4,308
10 years$7,527$6,803$6,143$5,541$4,993$3,527
11 years$6,773$6,056$5,408$4,822$4,294$2,911
12 years$6,145$5,436$4,799$4,230$3,722$2,419
13 years$5,614$4,913$4,288$3,734$3,245$2,020
14 years$5,159$4,465$3,853$3,315$2,845$1,695
15 years$4,766$4,079$3,478$2,956$2,505$1,427
16 years$4,422$3,743$3,154$2,647$2,214$1,204
17 years$4,118$3,447$2,870$2,378$1,963$1,019
18 years$3,849$3,185$2,620$2,143$1,745$864
19 years$3,608$2,952$2,398$1,937$1,556$734
20 years$3,392$2,743$2,201$1,754$1,389$625
21 years$3,196$2,555$2,024$1,592$1,243$532
22 years$3,019$2,385$1,866$1,447$1,115$454
23 years$2,857$2,231$1,723$1,318$1,000$387
24 years$2,709$2,090$1,593$1,202$899$331
25 years$2,573$1,961$1,476$1,098$809$283
26 years$2,448$1,843$1,369$1,004$729$242
27 years$2,332$1,735$1,271$919$657$207
28 years$2,224$1,635$1,181$842$593$177
29 years$2,124$1,542$1,099$772$535$151
30 years$2,031$1,456$1,024$709$484$130
31 years$1,945$1,377$955$651$437$111
32 years$1,863$1,303$891$598$396$95
33 years$1,787$1,234$832$550$358$81
34 years$1,716$1,169$777$506$324$70
35 years$1,648$1,109$727$466$294$60
36 years$1,585$1,053$680$429$266$51
37 years$1,525$1,000$636$395$241$44
38 years$1,469$950$596$364$219$38
39 years$1,415$903$558$336$198$32
40 years$1,364$860$523$310$180$28
41 years$1,316$818$491$286$163$24
42 years$1,271$779$460$264$148$20
43 years$1,227$742$432$244$134$17
44 years$1,186$708$405$225$122$15
45 years$1,146$675$381$208$111$13
46 years$1,109$644$357$192$101$11
47 years$1,073$614$336$177$91$9
48 years$1,039$587$316$164$83$8
49 years$1,006$560$297$151$75$7
50 years$974$535$279$140$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $998,000, adding $3,404 every year, while hoping to spend $51,283 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: 49/42/9 Blend
29$998,000$998,000$998,000$998,000
30$1,103,307$1,050,413$1,034,944$1,154,562
31$1,161,280$1,047,319$1,015,050$1,186,925
32$1,223,447$1,042,354$992,771$1,216,361
33$1,290,182$1,035,373$967,972$1,247,144
34$1,361,895$1,026,221$940,514$1,279,417
35$1,439,037$1,014,734$910,250$1,313,335
36$1,522,102$1,000,739$877,026$1,349,074
37$1,611,631$984,050$840,682$1,386,833
38$1,708,223$964,474$801,050$1,426,832
39$1,812,531$941,803$757,954$1,469,316
40$1,925,276$915,818$711,213$1,514,562
41$2,047,249$886,288$660,633$1,562,877
42$2,179,319$852,967$606,015$1,614,604
43$2,322,443$815,595$547,150$1,670,126
44$2,477,672$773,899$483,819$1,729,868
45$2,646,162$727,587$415,794$1,794,307
46$2,829,184$676,353$342,837$1,863,972
47$3,028,138$619,871$264,699$1,939,452
48$3,244,562$557,799$181,120$2,021,402
49$3,480,149$489,773$91,830$2,110,552
50$3,736,762$415,410$0$2,207,714
51$4,016,452$334,304$0$2,314,119
52$4,321,473$246,029$0$2,439,870
53$4,654,311$150,131$0$2,577,281
54$5,017,697$46,134$0$2,727,617
55$5,414,640$0$0$2,892,281
56$5,848,454$0$0$3,103,546
57$6,322,785$0$0$3,357,958
58$6,841,648$0$0$3,636,363
59$7,409,464$0$0$3,941,145
60$8,031,102$0$0$4,274,933
61$8,711,921$0$0$4,640,618
62$9,457,826$0$0$5,041,387
63$10,275,317$0$0$5,480,748
64$11,171,556$0$0$5,962,566
65$12,154,428$0$0$6,491,097
66$13,232,619$0$0$7,071,029
67$14,415,697$0$0$7,707,526
68$15,714,199$0$0$8,406,276
69$17,139,733$0$0$9,173,545
70$18,705,087$0$0$10,016,236
71$20,424,345$0$0$10,941,950
72$22,313,025$0$0$11,959,066
73$24,388,220$0$0$13,076,810
74$26,668,762$0$0$14,305,348
75$29,175,397$0$0$15,655,880
76$31,930,981$0$0$17,140,746
77$34,960,695$0$0$18,773,538
78$38,292,282$0$0$20,569,235
79$41,956,306$0$0$22,544,339
80$45,986,445$0$0$24,717,029
81$50,419,801$0$0$27,107,339
82$55,297,257$0$0$29,737,340
83$60,663,854$0$0$32,631,349
84$66,569,221$0$0$35,816,163
85$73,068,042$0$0$39,321,305
86$80,220,568$0$0$43,179,306
87$88,093,190$0$0$47,426,011
88$96,759,057$0$0$52,100,916
89$106,298,775$0$0$57,247,541
90$116,801,158$0$0$62,913,840
91$128,364,071$0$0$69,152,654
92$141,095,351$0$0$76,022,207
93$155,113,822$0$0$83,586,658
94$170,550,421$0$0$91,916,703
95$187,549,425$0$0$101,090,246
96$206,269,817$0$0$111,193,129
97$226,886,785$0$0$122,319,943
98$249,593,374$0$0$134,574,924
99$274,602,305$0$0$148,072,931
100$302,147,985$0$0$162,940,532