Can I retire at age 30 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$81,093$80,370$79,666$78,978$78,306$77,618
2 years$40,145$39,397$38,673$37,970$37,289$36,595
3 years$26,497$25,747$25,024$24,328$23,657$22,980
4 years$19,675$18,926$18,211$17,527$16,873$16,216
5 years$15,583$14,839$14,132$13,462$12,826$12,194
6 years$12,855$12,117$11,421$10,766$10,149$9,540
7 years$10,908$10,176$9,491$8,851$8,254$7,670
8 years$9,448$8,722$8,049$7,425$6,847$6,288
9 years$8,313$7,594$6,933$6,325$5,767$5,231
10 years$7,406$6,694$6,044$5,452$4,913$4,402
11 years$6,664$5,959$5,321$4,745$4,226$3,737
12 years$6,046$5,349$4,722$4,162$3,662$3,197
13 years$5,524$4,834$4,219$3,674$3,193$2,751
14 years$5,077$4,394$3,791$3,262$2,799$2,379
15 years$4,689$4,014$3,423$2,909$2,465$2,065
16 years$4,351$3,683$3,103$2,604$2,178$1,800
17 years$4,052$3,392$2,824$2,340$1,931$1,573
18 years$3,787$3,134$2,578$2,109$1,717$1,378
19 years$3,550$2,904$2,360$1,906$1,531$1,210
20 years$3,338$2,699$2,166$1,726$1,367$1,065
21 years$3,145$2,514$1,992$1,566$1,223$938
22 years$2,971$2,347$1,836$1,424$1,097$828
23 years$2,811$2,195$1,695$1,297$984$732
24 years$2,666$2,056$1,568$1,183$885$647
25 years$2,532$1,930$1,452$1,080$796$573
26 years$2,408$1,814$1,347$988$717$508
27 years$2,294$1,707$1,251$904$647$451
28 years$2,189$1,608$1,163$828$583$400
29 years$2,090$1,517$1,082$760$527$355
30 years$1,999$1,433$1,008$697$476$315
31 years$1,913$1,355$939$640$430$280
32 years$1,834$1,282$877$588$389$249
33 years$1,759$1,214$818$541$352$222
34 years$1,688$1,150$765$498$319$197
35 years$1,622$1,091$715$458$289$176
36 years$1,560$1,036$669$422$262$156
37 years$1,501$984$626$389$237$139
38 years$1,445$935$586$358$215$124
39 years$1,392$889$549$331$195$110
40 years$1,343$846$515$305$177$98
41 years$1,295$805$483$281$161$88
42 years$1,250$767$453$260$146$78
43 years$1,207$731$425$240$132$70
44 years$1,167$696$399$221$120$62
45 years$1,128$664$374$204$109$55
46 years$1,091$633$352$189$99$49
47 years$1,056$605$330$174$90$44
48 years$1,022$577$311$161$82$39
49 years$990$551$292$149$74$35
50 years$959$526$274$138$67$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $982,000, adding $4,336 every year, while hoping to spend $39,403 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: 69/22/9 Blend
29$982,000$982,000$982,000$982,000
30$1,086,637$1,034,591$1,019,370$1,159,460
31$1,155,549$1,043,361$1,011,594$1,217,066
32$1,230,170$1,051,241$1,002,237$1,274,865
33$1,311,040$1,058,144$991,205$1,337,039
34$1,398,754$1,063,981$978,398$1,404,008
35$1,493,965$1,068,654$963,712$1,476,240
36$1,597,392$1,072,061$947,040$1,554,245
37$1,709,827$1,074,093$928,267$1,638,591
38$1,832,140$1,074,634$907,274$1,729,901
39$1,965,287$1,073,560$883,937$1,828,863
40$2,110,323$1,070,742$858,126$1,936,237
41$2,268,407$1,066,039$829,704$2,052,859
42$2,440,815$1,059,305$798,529$2,179,653
43$2,628,951$1,050,384$764,453$2,317,635
44$2,834,361$1,039,109$727,318$2,467,930
45$3,058,746$1,025,306$686,964$2,631,775
46$3,303,979$1,008,787$643,219$2,810,536
47$3,572,124$989,357$595,905$3,005,720
48$3,865,450$966,805$544,837$3,218,987
49$4,186,458$940,910$489,822$3,452,170
50$4,537,901$911,439$430,655$3,707,290
51$4,922,810$878,143$367,125$3,986,574
52$5,344,525$840,760$299,012$4,292,482
53$5,806,721$799,012$226,083$4,627,722
54$6,313,449$752,605$148,099$4,995,284
55$6,869,168$701,230$64,808$5,398,464
56$7,478,790$644,557$0$5,840,899
57$8,147,726$582,240$0$6,328,907
58$8,881,936$513,912$0$6,871,391
59$9,687,984$439,184$0$7,467,021
60$10,573,102$357,648$0$8,121,202
61$11,545,255$268,869$0$8,839,891
62$12,613,220$172,393$0$9,629,656
63$13,786,663$67,735$0$10,497,735
64$15,076,235$0$0$11,452,109
65$16,493,667$0$0$12,512,618
66$18,051,887$0$0$13,696,549
67$19,765,135$0$0$14,998,332
68$21,649,102$0$0$16,429,895
69$23,721,072$0$0$18,004,383
70$26,000,092$0$0$19,736,276
71$28,507,145$0$0$21,641,528
72$31,265,351$0$0$23,737,719
73$34,300,185$0$0$26,044,217
74$37,639,713$0$0$28,582,363
75$41,314,861$0$0$31,375,672
76$45,359,706$0$0$34,450,052
77$49,811,793$0$0$37,834,052
78$54,712,492$0$0$41,559,128
79$60,107,390$0$0$45,659,941
80$66,046,715$0$0$50,174,683
81$72,585,815$0$0$55,145,438
82$79,785,677$0$0$60,618,577
83$87,713,502$0$0$66,645,197
84$96,443,341$0$0$73,281,605
85$106,056,789$0$0$80,589,841
86$116,643,761$0$0$88,638,273
87$128,303,332$0$0$97,502,236
88$141,144,680$0$0$107,264,743
89$155,288,110$0$0$118,017,270
90$170,866,189$0$0$129,860,618
91$188,025,001$0$0$142,905,863
92$206,925,522$0$0$157,275,407
93$227,745,138$0$0$173,104,128
94$250,679,320$0$0$190,540,657
95$275,943,471$0$0$209,748,779
96$303,774,954$0$0$230,908,979
97$334,435,333$0$0$254,220,142
98$368,212,844$0$0$279,901,435
99$405,425,112$0$0$308,194,371
100$446,422,149$0$0$339,365,091