Can I retire at age 30 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$80,845$80,125$79,422$78,736$78,067$74,969
2 years$40,022$39,277$38,554$37,854$37,175$34,093
3 years$26,416$25,668$24,947$24,253$23,585$20,615
4 years$19,615$18,869$18,155$17,473$16,821$13,986
5 years$15,535$14,793$14,089$13,421$12,787$10,094
6 years$12,816$12,080$11,386$10,733$10,118$7,569
7 years$10,875$10,145$9,462$8,824$8,229$5,822
8 years$9,419$8,696$8,024$7,402$6,826$4,561
9 years$8,288$7,571$6,911$6,305$5,749$3,620
10 years$7,383$6,674$6,026$5,435$4,898$2,902
11 years$6,644$5,941$5,305$4,730$4,213$2,345
12 years$6,028$5,332$4,708$4,149$3,651$1,906
13 years$5,507$4,819$4,206$3,663$3,183$1,557
14 years$5,061$4,380$3,779$3,252$2,791$1,276
15 years$4,675$4,002$3,412$2,900$2,457$1,049
16 years$4,337$3,671$3,094$2,596$2,172$865
17 years$4,040$3,381$2,815$2,333$1,925$715
18 years$3,776$3,124$2,570$2,102$1,712$591
19 years$3,540$2,896$2,353$1,900$1,526$490
20 years$3,327$2,691$2,159$1,721$1,363$406
21 years$3,136$2,506$1,986$1,562$1,220$337
22 years$2,961$2,340$1,830$1,420$1,093$280
23 years$2,803$2,188$1,690$1,293$981$233
24 years$2,657$2,050$1,563$1,179$882$194
25 years$2,524$1,924$1,448$1,077$794$161
26 years$2,401$1,808$1,343$985$715$134
27 years$2,287$1,702$1,247$901$645$112
28 years$2,182$1,604$1,159$826$582$93
29 years$2,084$1,513$1,079$757$525$78
30 years$1,993$1,429$1,005$695$475$65
31 years$1,908$1,351$937$638$429$54
32 years$1,828$1,278$874$587$388$45
33 years$1,753$1,210$816$539$351$37
34 years$1,683$1,147$762$496$318$31
35 years$1,617$1,088$713$457$288$26
36 years$1,555$1,033$667$421$261$22
37 years$1,496$981$624$388$237$18
38 years$1,441$932$584$357$214$15
39 years$1,388$886$548$330$194$13
40 years$1,338$843$513$304$176$11
41 years$1,291$803$481$280$160$9
42 years$1,246$764$451$259$145$7
43 years$1,204$728$424$239$132$6
44 years$1,163$694$398$221$120$5
45 years$1,125$662$373$204$109$4
46 years$1,088$632$351$188$99$4
47 years$1,052$603$329$174$90$3
48 years$1,019$575$310$161$81$2
49 years$987$549$291$148$74$2
50 years$956$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $979,000, adding $5,330 every year, while hoping to spend $40,413 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: 83/5/12 Blend
29$979,000$979,000$979,000$979,000
30$1,084,356$1,032,469$1,017,294$1,171,634
31$1,151,961$1,040,061$1,008,375$1,237,181
32$1,225,108$1,046,670$997,802$1,303,244
33$1,304,318$1,052,206$985,477$1,374,584
34$1,390,166$1,056,572$971,299$1,451,708
35$1,483,285$1,059,666$955,159$1,535,176
36$1,584,368$1,061,378$936,945$1,625,603
37$1,694,180$1,061,592$916,539$1,723,668
38$1,813,562$1,060,185$893,818$1,830,119
39$1,943,437$1,057,026$868,653$1,945,778
40$2,084,824$1,051,977$840,909$2,071,551
41$2,238,842$1,044,889$810,446$2,208,438
42$2,406,722$1,035,608$777,114$2,357,539
43$2,589,821$1,023,966$740,761$2,520,067
44$2,789,631$1,009,789$701,225$2,697,358
45$3,007,795$992,890$658,337$2,890,883
46$3,246,121$973,072$611,922$3,102,264
47$3,506,599$950,126$561,795$3,333,289
48$3,791,420$923,831$507,764$3,585,927
49$4,102,999$893,952$449,628$3,862,348
50$4,443,992$860,243$387,177$4,164,943
51$4,817,325$822,440$320,193$4,496,348
52$5,226,218$780,266$248,446$4,859,466
53$5,674,221$733,428$171,698$5,257,498
54$6,165,241$681,615$89,699$5,693,971
55$6,703,581$624,499$2,189$6,172,772
56$7,293,979$561,733$0$6,698,184
57$7,941,658$492,951$0$7,286,605
58$8,652,366$417,764$0$7,932,617
59$9,432,437$335,765$0$8,641,713
60$10,288,847$246,519$0$9,420,251
61$11,229,282$149,571$0$10,275,234
62$12,262,207$44,438$0$11,214,382
63$13,396,948$0$0$12,246,197
64$14,643,778$0$0$13,383,866
65$16,014,015$0$0$14,636,846
66$17,520,129$0$0$16,014,096
67$19,175,855$0$0$17,528,180
68$20,996,329$0$0$19,192,942
69$22,998,225$0$0$21,023,632
70$25,199,912$0$0$23,037,051
71$27,621,631$0$0$25,251,714
72$30,285,682$0$0$27,688,015
73$33,216,636$0$0$30,368,429
74$36,441,565$0$0$33,317,717
75$39,990,296$0$0$36,563,161
76$43,895,696$0$0$40,134,821
77$48,193,978$0$0$44,065,821
78$52,925,044$0$0$48,392,657
79$58,132,860$0$0$53,155,541
80$63,865,871$0$0$58,398,785
81$70,177,459$0$0$64,171,213
82$77,126,442$0$0$70,526,625
83$84,777,634$0$0$77,524,303
84$93,202,454$0$0$85,229,568
85$102,479,596$0$0$93,714,401
86$112,695,777$0$0$103,058,116
87$123,946,551$0$0$113,348,113
88$136,337,213$0$0$124,680,699
89$149,983,787$0$0$137,161,997
90$165,014,127$0$0$150,908,950
91$181,569,120$0$0$166,050,419
92$199,804,014$0$0$182,728,405
93$219,889,885$0$0$201,099,381
94$242,015,250$0$0$221,335,776
95$266,387,844$0$0$243,627,597
96$293,236,585$0$0$268,184,225
97$322,813,728$0$0$295,236,387
98$355,397,251$0$0$325,038,337
99$391,293,474$0$0$357,870,253
100$430,839,951$0$0$394,040,881