Can I retire at age 30 with 998,000?

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 $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%17.3%
1 years$82,414$81,680$80,964$80,265$79,582$77,220
2 years$40,799$40,039$39,303$38,589$37,896$35,536
3 years$26,929$26,166$25,431$24,724$24,043$21,759
4 years$19,996$19,235$18,508$17,812$17,148$14,957
5 years$15,837$15,080$14,363$13,682$13,035$10,944
6 years$13,065$12,314$11,607$10,941$10,314$8,324
7 years$11,086$10,341$9,646$8,995$8,388$6,499
8 years$9,602$8,865$8,180$7,546$6,959$5,170
9 years$8,449$7,718$7,046$6,428$5,860$4,169
10 years$7,527$6,803$6,143$5,541$4,993$3,398
11 years$6,773$6,056$5,408$4,822$4,294$2,792
12 years$6,145$5,436$4,799$4,230$3,722$2,309
13 years$5,614$4,913$4,288$3,734$3,245$1,920
14 years$5,159$4,465$3,853$3,315$2,845$1,603
15 years$4,766$4,079$3,478$2,956$2,505$1,342
16 years$4,422$3,743$3,154$2,647$2,214$1,128
17 years$4,118$3,447$2,870$2,378$1,963$950
18 years$3,849$3,185$2,620$2,143$1,745$801
19 years$3,608$2,952$2,398$1,937$1,556$677
20 years$3,392$2,743$2,201$1,754$1,389$573
21 years$3,196$2,555$2,024$1,592$1,243$485
22 years$3,019$2,385$1,866$1,447$1,115$412
23 years$2,857$2,231$1,723$1,318$1,000$349
24 years$2,709$2,090$1,593$1,202$899$297
25 years$2,573$1,961$1,476$1,098$809$252
26 years$2,448$1,843$1,369$1,004$729$214
27 years$2,332$1,735$1,271$919$657$182
28 years$2,224$1,635$1,181$842$593$155
29 years$2,124$1,542$1,099$772$535$132
30 years$2,031$1,456$1,024$709$484$112
31 years$1,945$1,377$955$651$437$96
32 years$1,863$1,303$891$598$396$81
33 years$1,787$1,234$832$550$358$69
34 years$1,716$1,169$777$506$324$59
35 years$1,648$1,109$727$466$294$50
36 years$1,585$1,053$680$429$266$43
37 years$1,525$1,000$636$395$241$37
38 years$1,469$950$596$364$219$31
39 years$1,415$903$558$336$198$27
40 years$1,364$860$523$310$180$23
41 years$1,316$818$491$286$163$19
42 years$1,271$779$460$264$148$16
43 years$1,227$742$432$244$134$14
44 years$1,186$708$405$225$122$12
45 years$1,146$675$381$208$111$10
46 years$1,109$644$357$192$101$9
47 years$1,073$614$336$177$91$7
48 years$1,039$587$316$164$83$6
49 years$1,006$560$297$151$75$5
50 years$974$535$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 $998,000, adding $6,477 every year, while hoping to spend $48,748 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: 48/39/13 Blend
29$998,000$998,000$998,000$998,000
30$1,106,477$1,053,583$1,038,114$1,155,305
31$1,167,470$1,053,341$1,021,023$1,189,414
32$1,233,051$1,051,453$1,001,726$1,220,856
33$1,303,635$1,047,788$980,098$1,253,909
34$1,379,681$1,042,205$956,006$1,288,740
35$1,461,691$1,034,555$929,314$1,325,533
36$1,550,215$1,024,680$899,878$1,364,498
37$1,645,862$1,012,414$867,548$1,405,868
38$1,749,296$997,578$832,168$1,449,900
39$1,861,250$979,986$793,572$1,496,884
40$1,982,530$959,438$751,589$1,547,141
41$2,114,021$935,723$706,040$1,601,029
42$2,256,696$908,618$656,737$1,658,946
43$2,411,626$877,887$603,484$1,721,337
44$2,579,988$843,280$546,077$1,788,694
45$2,763,077$804,531$484,301$1,861,567
46$2,962,320$761,362$417,934$1,940,563
47$3,179,284$713,476$346,742$2,026,361
48$3,415,694$660,560$270,482$2,119,713
49$3,673,451$602,283$188,898$2,221,453
50$3,954,643$538,295$101,727$2,332,509
51$4,261,572$468,227$8,690$2,453,910
52$4,596,769$391,687$0$2,586,795
53$4,963,022$308,262$0$2,744,999
54$5,363,401$217,518$0$2,919,458
55$5,801,285$118,993$0$3,110,567
56$6,280,393$12,201$0$3,320,094
57$6,804,823$0$0$3,549,994
58$7,379,085$0$0$3,846,796
59$8,008,148$0$0$4,177,767
60$8,697,481$0$0$4,540,563
61$9,453,110$0$0$4,938,369
62$10,281,670$0$0$5,374,692
63$11,190,471$0$0$5,853,399
64$12,187,561$0$0$6,378,743
65$13,281,808$0$0$6,955,414
66$14,482,978$0$0$7,588,576
67$15,801,830$0$0$8,283,917
68$17,250,214$0$0$9,047,705
69$18,841,187$0$0$9,886,841
70$20,589,130$0$0$10,808,932
71$22,509,887$0$0$11,822,356
72$24,620,911$0$0$12,936,342
73$26,941,433$0$0$14,161,061
74$29,492,638$0$0$15,507,715
75$32,297,866$0$0$16,988,648
76$35,382,832$0$0$18,617,459
77$38,775,868$0$0$20,409,132
78$42,508,189$0$0$22,380,176
79$46,614,188$0$0$24,548,779
80$51,131,759$0$0$26,934,983
81$56,102,655$0$0$29,560,870
82$61,572,878$0$0$32,450,771
83$67,593,119$0$0$35,631,495
84$74,219,228$0$0$39,132,581
85$81,512,747$0$0$42,986,578
86$89,541,483$0$0$47,229,351
87$98,380,155$0$0$51,900,418
88$108,111,093$0$0$57,043,324
89$118,825,016$0$0$62,706,053
90$130,621,887$0$0$68,941,475
91$143,611,856$0$0$75,807,852
92$157,916,297$0$0$83,369,381
93$173,668,956$0$0$91,696,804
94$191,017,209$0$0$100,868,072
95$210,123,457$0$0$110,969,082
96$231,166,650$0$0$122,094,488
97$254,343,983$0$0$134,348,592
98$279,872,751$0$0$147,846,330
99$307,992,402$0$0$162,714,353
100$338,966,796$0$0$179,092,227