Can I retire at age 30 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$80,927$80,207$79,503$78,817$78,147$76,757
2 years$40,063$39,317$38,594$37,893$37,213$35,818
3 years$26,443$25,694$24,973$24,278$23,609$22,252
4 years$19,635$18,888$18,174$17,491$16,838$15,529
5 years$15,551$14,808$14,104$13,435$12,800$11,543
6 years$12,829$12,092$11,398$10,744$10,128$8,925
7 years$10,886$10,155$9,472$8,833$8,237$7,087
8 years$9,429$8,705$8,033$7,410$6,833$5,737
9 years$8,296$7,579$6,919$6,312$5,755$4,711
10 years$7,391$6,680$6,032$5,441$4,903$3,912
11 years$6,650$5,947$5,310$4,735$4,217$3,276
12 years$6,034$5,338$4,713$4,153$3,654$2,763
13 years$5,513$4,824$4,211$3,667$3,187$2,344
14 years$5,066$4,385$3,783$3,255$2,793$1,997
15 years$4,680$4,006$3,416$2,903$2,460$1,708
16 years$4,342$3,675$3,097$2,599$2,174$1,466
17 years$4,044$3,385$2,818$2,335$1,927$1,262
18 years$3,779$3,128$2,572$2,105$1,714$1,088
19 years$3,543$2,899$2,355$1,902$1,528$940
20 years$3,331$2,693$2,161$1,722$1,364$814
21 years$3,139$2,509$1,988$1,563$1,221$706
22 years$2,964$2,342$1,832$1,421$1,094$612
23 years$2,806$2,190$1,692$1,294$982$532
24 years$2,660$2,052$1,565$1,181$883$463
25 years$2,527$1,926$1,449$1,078$795$403
26 years$2,403$1,810$1,344$986$716$351
27 years$2,290$1,703$1,248$902$645$306
28 years$2,184$1,605$1,160$827$582$266
29 years$2,086$1,514$1,080$758$526$232
30 years$1,995$1,430$1,006$696$475$203
31 years$1,910$1,352$938$639$430$177
32 years$1,830$1,279$875$587$389$155
33 years$1,755$1,211$817$540$352$135
34 years$1,685$1,148$763$497$318$118
35 years$1,619$1,089$713$457$288$103
36 years$1,556$1,034$667$421$261$90
37 years$1,498$982$625$388$237$79
38 years$1,442$933$585$358$215$69
39 years$1,390$887$548$330$195$60
40 years$1,340$844$514$304$177$53
41 years$1,293$803$482$281$160$46
42 years$1,248$765$452$259$145$40
43 years$1,205$729$424$239$132$35
44 years$1,164$695$398$221$120$31
45 years$1,126$663$374$204$109$27
46 years$1,089$632$351$188$99$24
47 years$1,054$603$330$174$90$21
48 years$1,020$576$310$161$81$18
49 years$988$550$291$149$74$16
50 years$957$525$274$137$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $980,000, adding $3,274 every year, while hoping to spend $25,399 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: 52/19/29 Blend
29$980,000$980,000$980,000$980,000
30$1,083,337$1,031,397$1,016,207$1,130,692
31$1,166,813$1,054,911$1,023,226$1,187,509
32$1,257,953$1,078,726$1,029,628$1,246,462
33$1,357,510$1,102,830$1,035,367$1,310,100
34$1,466,317$1,127,209$1,040,392$1,378,881
35$1,585,287$1,151,849$1,044,652$1,453,311
36$1,715,429$1,176,732$1,048,090$1,533,947
37$1,857,851$1,201,841$1,050,650$1,621,403
38$2,013,775$1,227,154$1,052,270$1,716,359
39$2,184,546$1,252,650$1,052,886$1,819,560
40$2,371,644$1,278,304$1,052,433$1,931,830
41$2,576,701$1,304,090$1,050,838$2,054,079
42$2,801,513$1,329,979$1,048,030$2,187,307
43$3,048,058$1,355,939$1,043,930$2,332,618
44$3,318,516$1,381,936$1,038,457$2,491,232
45$3,615,287$1,407,933$1,031,527$2,664,490
46$3,941,014$1,433,889$1,023,051$2,853,872
47$4,298,609$1,459,762$1,012,936$3,061,011
48$4,691,281$1,485,505$1,001,083$3,287,707
49$5,122,564$1,511,066$987,391$3,535,944
50$5,596,350$1,536,393$971,753$3,807,910
51$6,116,927$1,561,425$954,056$4,106,018
52$6,689,020$1,586,102$934,184$4,432,926
53$7,317,834$1,610,355$912,013$4,791,569
54$8,009,103$1,634,112$887,415$5,185,177
55$8,769,144$1,657,296$860,256$5,617,317
56$9,604,917$1,679,824$830,395$6,091,918
57$10,524,091$1,701,608$797,686$6,613,313
58$11,535,114$1,722,552$761,974$7,186,278
59$12,647,294$1,742,556$723,099$7,816,079
60$13,870,889$1,761,511$680,893$8,508,522
61$15,217,197$1,779,303$635,180$9,270,007
62$16,698,670$1,795,808$585,778$10,107,589
63$18,329,027$1,810,896$532,495$11,029,046
64$20,123,384$1,824,426$475,129$12,042,953
65$22,098,397$1,836,250$413,473$13,158,763
66$24,272,417$1,846,210$347,309$14,386,894
67$26,665,667$1,854,137$276,407$15,738,833
68$29,300,428$1,859,854$200,530$17,227,242
69$32,201,253$1,863,168$119,429$18,866,077
70$35,395,196$1,863,878$32,845$20,670,725
71$38,912,068$1,861,770$0$22,658,144
72$42,784,718$1,856,615$0$24,865,455
73$47,049,341$1,848,172$0$27,306,881
74$51,745,825$1,836,183$0$29,995,052
75$56,918,120$1,820,377$0$32,955,098
76$62,614,656$1,800,464$0$36,214,714
77$68,888,803$1,776,138$0$39,804,420
78$75,799,367$1,747,075$0$43,757,850
79$83,411,152$1,712,931$0$48,112,069
80$91,795,566$1,673,342$0$52,907,925
81$101,031,300$1,627,922$0$58,190,431
82$111,205,065$1,576,262$0$64,009,196
83$122,412,414$1,517,932$0$70,418,887
84$134,758,643$1,452,473$0$77,479,751
85$148,359,782$1,379,401$0$85,258,181
86$163,343,693$1,298,206$0$93,827,344
87$179,851,277$1,208,345$0$103,267,873
88$198,037,800$1,109,246$0$113,668,626
89$218,074,361$1,000,305$0$125,127,529
90$240,149,508$880,882$0$137,752,498
91$264,471,015$750,302$0$151,662,460
92$291,267,841$607,850$0$166,988,476
93$320,792,299$452,773$0$183,874,978
94$353,322,429$284,273$0$202,481,134
95$389,164,625$101,511$0$222,982,352
96$428,656,529$0$0$245,571,936
97$472,170,217$0$0$270,483,067
98$520,115,708$0$0$297,954,937
99$572,944,840$0$0$328,225,240
100$631,155,529$0$0$361,579,298