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%11.3%
1 years$82,496$81,762$81,045$80,345$79,662$79,226
2 years$40,840$40,079$39,342$38,627$37,934$37,495
3 years$26,956$26,192$25,457$24,749$24,067$23,637
4 years$20,016$19,254$18,526$17,830$17,165$16,748
5 years$15,852$15,095$14,377$13,695$13,048$12,646
6 years$13,078$12,327$11,619$10,952$10,325$9,937
7 years$11,097$10,352$9,655$9,004$8,397$8,024
8 years$9,612$8,873$8,188$7,554$6,966$6,608
9 years$8,457$7,726$7,053$6,434$5,866$5,523
10 years$7,534$6,810$6,149$5,546$4,998$4,670
11 years$6,779$6,063$5,413$4,827$4,299$3,985
12 years$6,151$5,441$4,804$4,234$3,725$3,425
13 years$5,620$4,917$4,292$3,738$3,248$2,963
14 years$5,164$4,470$3,857$3,318$2,848$2,575
15 years$4,770$4,083$3,482$2,959$2,507$2,248
16 years$4,426$3,746$3,157$2,650$2,216$1,970
17 years$4,122$3,450$2,873$2,381$1,965$1,731
18 years$3,853$3,188$2,622$2,145$1,747$1,525
19 years$3,612$2,955$2,401$1,939$1,557$1,347
20 years$3,395$2,746$2,203$1,756$1,391$1,192
21 years$3,200$2,558$2,026$1,593$1,245$1,057
22 years$3,022$2,387$1,868$1,449$1,116$938
23 years$2,860$2,233$1,725$1,319$1,001$834
24 years$2,712$2,092$1,595$1,203$900$742
25 years$2,576$1,963$1,477$1,099$810$661
26 years$2,450$1,845$1,370$1,005$730$590
27 years$2,334$1,736$1,272$920$658$526
28 years$2,227$1,636$1,183$843$594$470
29 years$2,127$1,544$1,101$773$536$420
30 years$2,034$1,458$1,025$709$484$376
31 years$1,947$1,378$956$651$438$336
32 years$1,865$1,304$892$599$396$301
33 years$1,789$1,235$833$550$358$269
34 years$1,717$1,170$778$507$325$241
35 years$1,650$1,110$727$466$294$216
36 years$1,587$1,054$680$429$266$194
37 years$1,527$1,001$637$396$241$174
38 years$1,470$951$596$365$219$156
39 years$1,417$904$559$336$198$140
40 years$1,366$860$524$310$180$125
41 years$1,318$819$491$286$163$112
42 years$1,272$780$461$264$148$101
43 years$1,228$743$432$244$134$91
44 years$1,187$708$406$225$122$81
45 years$1,147$676$381$208$111$73
46 years$1,110$644$358$192$101$66
47 years$1,074$615$336$177$91$59
48 years$1,040$587$316$164$83$53
49 years$1,007$561$297$151$75$47
50 years$975$536$279$140$68$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $999,000, adding $3,417 every year, while hoping to spend $22,060 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: 71/21/8 Blend
29$999,000$999,000$999,000$999,000
30$1,104,423$1,051,476$1,035,991$1,181,107
31$1,193,602$1,079,526$1,047,225$1,260,296
32$1,291,138$1,108,212$1,058,096$1,343,891
33$1,397,861$1,137,541$1,068,569$1,434,785
34$1,514,682$1,167,520$1,078,605$1,533,690
35$1,642,608$1,198,157$1,088,167$1,641,390
36$1,782,745$1,229,457$1,097,212$1,758,751
37$1,936,313$1,261,429$1,105,696$1,886,723
38$2,104,654$1,294,076$1,113,574$2,026,356
39$2,289,248$1,327,404$1,120,798$2,178,803
40$2,491,722$1,361,418$1,127,315$2,345,336
41$2,713,871$1,396,121$1,133,074$2,527,354
42$2,957,672$1,431,517$1,138,017$2,726,401
43$3,225,300$1,467,606$1,142,086$2,944,174
44$3,519,153$1,504,392$1,145,219$3,182,545
45$3,841,873$1,541,873$1,147,350$3,443,574
46$4,196,369$1,580,050$1,148,411$3,729,534
47$4,585,846$1,618,920$1,148,331$4,042,926
48$5,013,836$1,658,480$1,147,033$4,386,504
49$5,484,227$1,698,726$1,144,439$4,763,306
50$6,001,307$1,739,652$1,140,466$5,176,677
51$6,569,796$1,781,251$1,135,027$5,630,302
52$7,194,896$1,823,513$1,128,032$6,128,242
53$7,882,338$1,866,428$1,119,383$6,674,970
54$8,638,436$1,909,983$1,108,983$7,275,416
55$9,470,148$1,954,163$1,096,725$7,935,012
56$10,385,138$1,998,952$1,082,500$8,659,741
57$11,391,851$2,044,330$1,066,193$9,456,199
58$12,499,593$2,090,275$1,047,683$10,331,651
59$13,718,617$2,136,764$1,026,846$11,294,104
60$15,060,219$2,183,768$1,003,548$12,352,379
61$16,536,847$2,231,259$977,653$13,516,198
62$18,162,216$2,279,201$949,015$14,796,273
63$19,951,440$2,327,559$917,485$16,204,408
64$21,921,169$2,376,293$882,903$17,753,610
65$24,089,753$2,425,356$845,106$19,458,213
66$26,477,411$2,474,701$803,919$21,334,010
67$29,106,421$2,524,275$759,164$23,398,407
68$32,001,331$2,574,020$710,652$25,670,583
69$35,189,193$2,623,874$658,185$28,171,673
70$38,699,815$2,673,767$601,558$30,924,968
71$42,566,041$2,723,627$540,556$33,956,133
72$46,824,066$2,773,374$474,953$37,293,450
73$51,513,773$2,822,921$404,516$40,968,086
74$56,679,110$2,872,177$329,000$45,014,388
75$62,368,506$2,921,040$248,148$49,470,204
76$68,635,326$2,969,403$161,693$54,377,243
77$75,538,377$3,017,151$69,357$59,781,466
78$83,142,459$3,064,160$0$65,733,526
79$91,518,982$3,110,295$0$72,291,731
80$100,746,634$3,155,416$0$79,521,578
81$110,912,127$3,199,367$0$87,484,955
82$122,111,014$3,241,986$0$96,256,586
83$134,448,592$3,283,098$0$105,918,820
84$148,040,894$3,322,516$0$116,562,402
85$163,015,785$3,360,039$0$128,287,333
86$179,514,168$3,395,454$0$141,203,810
87$197,691,316$3,428,534$0$155,433,273
88$217,718,334$3,459,036$0$171,109,543
89$239,783,777$3,486,702$0$188,380,093
90$264,095,428$3,511,256$0$207,407,435
91$290,882,258$3,532,404$0$228,370,659
92$320,396,592$3,549,836$0$251,467,117
93$352,916,485$3,563,218$0$276,914,292
94$388,748,349$3,572,198$0$304,951,852
95$428,229,846$3,576,402$0$335,843,905
96$471,733,075$3,575,430$0$369,881,502
97$519,668,083$3,568,860$0$407,385,378
98$572,486,735$3,556,242$0$448,708,984
99$630,686,984$3,537,100$0$494,241,822
100$694,817,567$3,510,928$0$544,413,124