Can I retire at age 30 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$81,010$80,288$79,584$78,897$78,226$77,603
2 years$40,104$39,357$38,633$37,931$37,251$36,623
3 years$26,470$25,720$24,998$24,303$23,633$23,020
4 years$19,655$18,907$18,192$17,509$16,855$16,261
5 years$15,567$14,823$14,118$13,449$12,813$12,240
6 years$12,842$12,104$11,409$10,755$10,139$9,587
7 years$10,897$10,165$9,481$8,842$8,245$7,716
8 years$9,438$8,714$8,041$7,418$6,840$6,332
9 years$8,305$7,587$6,926$6,318$5,761$5,274
10 years$7,398$6,687$6,038$5,446$4,908$4,444
11 years$6,657$5,953$5,316$4,740$4,221$3,778
12 years$6,040$5,343$4,718$4,157$3,658$3,235
13 years$5,518$4,829$4,215$3,670$3,190$2,787
14 years$5,071$4,389$3,787$3,258$2,796$2,413
15 years$4,684$4,010$3,419$2,906$2,462$2,098
16 years$4,346$3,679$3,100$2,602$2,176$1,831
17 years$4,048$3,388$2,821$2,338$1,929$1,603
18 years$3,783$3,131$2,575$2,107$1,716$1,406
19 years$3,547$2,902$2,357$1,904$1,529$1,237
20 years$3,334$2,696$2,163$1,724$1,366$1,090
21 years$3,142$2,511$1,990$1,565$1,222$962
22 years$2,968$2,344$1,834$1,423$1,096$850
23 years$2,808$2,193$1,693$1,296$983$752
24 years$2,663$2,054$1,566$1,182$884$666
25 years$2,529$1,928$1,451$1,079$795$591
26 years$2,406$1,812$1,345$987$716$525
27 years$2,292$1,705$1,249$903$646$466
28 years$2,186$1,607$1,161$828$583$414
29 years$2,088$1,516$1,081$759$526$368
30 years$1,997$1,432$1,007$696$476$328
31 years$1,912$1,353$938$640$430$292
32 years$1,832$1,280$876$588$389$260
33 years$1,757$1,213$818$541$352$232
34 years$1,687$1,149$764$497$319$206
35 years$1,620$1,090$714$458$289$184
36 years$1,558$1,035$668$422$262$164
37 years$1,499$983$625$389$237$146
38 years$1,444$934$586$358$215$131
39 years$1,391$888$549$330$195$117
40 years$1,341$845$514$305$177$104
41 years$1,294$804$482$281$160$93
42 years$1,249$766$452$259$146$83
43 years$1,206$730$424$239$132$74
44 years$1,166$696$398$221$120$66
45 years$1,127$663$374$204$109$59
46 years$1,090$633$351$189$99$53
47 years$1,055$604$330$174$90$47
48 years$1,021$577$310$161$81$42
49 years$989$551$292$149$74$38
50 years$958$526$274$138$67$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $981,000, adding $4,640 every year, while hoping to spend $33,768 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: 46/49/5 Blend
29$981,000$981,000$981,000$981,000
30$1,085,848$1,033,855$1,018,650$1,134,141
31$1,160,676$1,048,585$1,016,846$1,182,507
32$1,242,004$1,062,905$1,013,849$1,231,022
33$1,330,460$1,076,759$1,009,585$1,282,848
34$1,426,735$1,090,088$1,003,974$1,338,300
35$1,531,588$1,102,828$996,933$1,397,727
36$1,645,854$1,114,911$988,374$1,461,512
37$1,770,454$1,126,265$978,208$1,530,081
38$1,906,400$1,136,811$966,337$1,603,901
39$2,054,806$1,146,469$952,663$1,683,491
40$2,216,899$1,155,148$937,080$1,769,421
41$2,394,030$1,162,757$919,479$1,862,322
42$2,587,684$1,169,196$899,745$1,962,891
43$2,799,500$1,174,358$877,758$2,071,897
44$3,031,278$1,178,131$853,392$2,190,190
45$3,285,004$1,180,396$826,517$2,318,707
46$3,562,863$1,181,024$796,994$2,458,483
47$3,867,262$1,179,880$764,680$2,610,662
48$4,200,850$1,176,822$729,424$2,776,506
49$4,566,547$1,171,696$691,070$2,957,407
50$4,967,567$1,164,342$649,453$3,154,905
51$5,407,451$1,154,586$604,401$3,370,697
52$5,890,098$1,142,249$555,736$3,606,657
53$6,419,805$1,127,136$503,270$3,864,854
54$7,001,303$1,109,043$446,808$4,147,572
55$7,639,804$1,087,754$386,144$4,457,331
56$8,341,049$1,063,040$321,065$4,796,913
57$9,111,364$1,034,657$251,349$5,169,388
58$9,957,717$1,002,348$176,763$5,578,144
59$10,887,783$965,842$97,063$6,026,919
60$11,910,018$924,850$11,996$6,519,841
61$13,033,739$879,067$0$7,061,460
62$14,269,211$828,171$0$7,661,003
63$15,627,740$771,821$0$8,320,766
64$17,121,786$709,657$0$9,046,239
65$18,765,075$641,297$0$9,844,183
66$20,572,731$566,339$0$10,722,059
67$22,561,417$484,357$0$11,688,094
68$24,749,492$394,901$0$12,751,364
69$27,157,185$297,496$0$13,921,880
70$29,806,785$191,641$0$15,210,682
71$32,722,851$76,805$0$16,629,946
72$35,932,443$0$0$18,193,104
73$39,465,376$0$0$19,940,615
74$43,354,506$0$0$21,910,040
75$47,636,031$0$0$24,078,313
76$52,349,843$0$0$26,465,654
77$57,539,893$0$0$29,094,341
78$63,254,615$0$0$31,988,924
79$69,547,377$0$0$35,176,454
80$76,476,986$0$0$38,686,738
81$84,108,242$0$0$42,552,624
82$92,512,550$0$0$46,810,304
83$101,768,593$0$0$51,499,664
84$111,963,075$0$0$56,664,651
85$123,191,538$0$0$62,353,696
86$135,559,263$0$0$68,620,165
87$149,182,265$0$0$75,522,865
88$164,188,386$0$0$83,126,598
89$180,718,502$0$0$91,502,775
90$198,927,851$0$0$100,730,087
91$218,987,499$0$0$110,895,245
92$241,085,955$0$0$122,093,807
93$265,430,949$0$0$134,431,070
94$292,251,389$0$0$148,023,071
95$321,799,529$0$0$162,997,676
96$354,353,342$0$0$179,495,793
97$390,219,147$0$0$197,672,697
98$429,734,500$0$0$217,699,498
99$473,271,378$0$0$239,764,755
100$521,239,692$0$0$264,076,255