Can I retire at age 30 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$82,496$81,762$81,045$80,345$79,662$79,060
2 years$40,840$40,079$39,342$38,627$37,934$37,328
3 years$26,956$26,192$25,457$24,749$24,067$23,474
4 years$20,016$19,254$18,526$17,830$17,165$16,591
5 years$15,852$15,095$14,377$13,695$13,048$12,494
6 years$13,078$12,327$11,619$10,952$10,325$9,792
7 years$11,097$10,352$9,655$9,004$8,397$7,885
8 years$9,612$8,873$8,188$7,554$6,966$6,475
9 years$8,457$7,726$7,053$6,434$5,866$5,396
10 years$7,534$6,810$6,149$5,546$4,998$4,549
11 years$6,779$6,063$5,413$4,827$4,299$3,870
12 years$6,151$5,441$4,804$4,234$3,725$3,316
13 years$5,620$4,917$4,292$3,738$3,248$2,859
14 years$5,164$4,470$3,857$3,318$2,848$2,477
15 years$4,770$4,083$3,482$2,959$2,507$2,155
16 years$4,426$3,746$3,157$2,650$2,216$1,882
17 years$4,122$3,450$2,873$2,381$1,965$1,648
18 years$3,853$3,188$2,622$2,145$1,747$1,447
19 years$3,612$2,955$2,401$1,939$1,557$1,274
20 years$3,395$2,746$2,203$1,756$1,391$1,123
21 years$3,200$2,558$2,026$1,593$1,245$992
22 years$3,022$2,387$1,868$1,449$1,116$877
23 years$2,860$2,233$1,725$1,319$1,001$777
24 years$2,712$2,092$1,595$1,203$900$689
25 years$2,576$1,963$1,477$1,099$810$611
26 years$2,450$1,845$1,370$1,005$730$543
27 years$2,334$1,736$1,272$920$658$483
28 years$2,227$1,636$1,183$843$594$430
29 years$2,127$1,544$1,101$773$536$382
30 years$2,034$1,458$1,025$709$484$341
31 years$1,947$1,378$956$651$438$303
32 years$1,865$1,304$892$599$396$270
33 years$1,789$1,235$833$550$358$241
34 years$1,717$1,170$778$507$325$215
35 years$1,650$1,110$727$466$294$192
36 years$1,587$1,054$680$429$266$171
37 years$1,527$1,001$637$396$241$153
38 years$1,470$951$596$365$219$137
39 years$1,417$904$559$336$198$122
40 years$1,366$860$524$310$180$109
41 years$1,318$819$491$286$163$97
42 years$1,272$780$461$264$148$87
43 years$1,228$743$432$244$134$78
44 years$1,187$708$406$225$122$69
45 years$1,147$676$381$208$111$62
46 years$1,110$644$358$192$101$55
47 years$1,074$615$336$177$91$50
48 years$1,040$587$316$164$83$44
49 years$1,007$561$297$151$75$40
50 years$975$536$279$140$68$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $999,000, adding $3,713 every year, while hoping to spend $54,408 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: 45/37/18 Blend
29$999,000$999,000$999,000$999,000
30$1,104,728$1,051,781$1,036,296$1,148,576
31$1,159,521$1,045,429$1,013,123$1,173,295
32$1,218,078$1,036,941$987,349$1,194,373
33$1,280,728$1,026,157$958,831$1,216,082
34$1,347,828$1,012,905$927,418$1,238,505
35$1,419,771$997,001$892,950$1,261,737
36$1,496,987$978,254$855,264$1,285,887
37$1,579,951$956,459$814,186$1,311,076
38$1,669,180$931,400$769,535$1,337,446
39$1,765,244$902,846$721,123$1,365,155
40$1,868,770$870,557$668,752$1,394,382
41$1,980,446$834,275$612,216$1,425,331
42$2,101,025$793,729$551,299$1,458,231
43$2,231,339$748,631$485,777$1,493,340
44$2,372,299$698,677$415,414$1,530,950
45$2,524,908$643,546$339,964$1,571,386
46$2,690,268$582,900$259,172$1,615,017
47$2,869,591$516,377$172,770$1,662,254
48$3,064,209$443,600$80,479$1,713,559
49$3,275,590$364,168$0$1,769,450
50$3,505,344$277,656$0$1,833,965
51$3,755,246$183,618$0$1,921,011
52$4,027,247$81,582$0$2,015,900
53$4,323,495$0$0$2,119,502
54$4,646,353$0$0$2,244,572
55$4,998,420$0$0$2,417,287
56$5,382,560$0$0$2,605,847
57$5,801,923$0$0$2,811,813
58$6,259,976$0$0$3,036,902
59$6,760,538$0$0$3,283,007
60$7,307,811$0$0$3,552,209
61$7,906,424$0$0$3,846,802
62$8,561,472$0$0$4,169,309
63$9,278,565$0$0$4,522,512
64$10,063,882$0$0$4,909,471
65$10,924,227$0$0$5,333,558
66$11,867,093$0$0$5,798,486
67$12,900,732$0$0$6,308,346
68$14,034,233$0$0$6,867,641
69$15,277,606$0$0$7,481,334
70$16,641,877$0$0$8,154,889
71$18,139,192$0$0$8,894,326
72$19,782,928$0$0$9,706,276
73$21,587,821$0$0$10,598,044
74$23,570,105$0$0$11,577,677
75$25,747,662$0$0$12,654,040
76$28,140,192$0$0$13,836,897
77$30,769,398$0$0$15,137,009
78$33,659,189$0$0$16,566,228
79$36,835,904$0$0$18,137,612
80$40,328,564$0$0$19,865,549
81$44,169,140$0$0$21,765,889
82$48,392,858$0$0$23,856,096
83$53,038,526$0$0$26,155,413
84$58,148,905$0$0$28,685,038
85$63,771,106$0$0$31,468,331
86$69,957,039$0$0$34,531,029
87$76,763,898$0$0$37,901,489
88$84,254,700$0$0$41,610,958
89$92,498,882$0$0$45,693,863
90$101,572,952$0$0$50,188,139
91$111,561,211$0$0$55,135,588
92$122,556,549$0$0$60,582,266
93$134,661,319$0$0$66,578,925
94$147,988,301$0$0$73,181,487
95$162,661,768$0$0$80,451,574
96$178,818,657$0$0$88,457,084
97$196,609,858$0$0$97,272,839
98$216,201,640$0$0$106,981,286
99$237,777,217$0$0$117,673,272
100$261,538,479$0$0$129,448,907