Can I retire at age 30 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$81,175$80,452$79,747$79,058$78,386$77,535
2 years$40,186$39,437$38,712$38,009$37,327$36,470
3 years$26,524$25,773$25,049$24,353$23,682$22,846
4 years$19,695$18,946$18,229$17,545$16,890$16,081
5 years$15,599$14,854$14,147$13,476$12,839$12,060
6 years$12,868$12,129$11,433$10,777$10,159$9,411
7 years$10,919$10,186$9,501$8,860$8,262$7,544
8 years$9,458$8,731$8,057$7,433$6,854$6,167
9 years$8,322$7,602$6,940$6,331$5,772$5,116
10 years$7,413$6,701$6,050$5,457$4,918$4,292
11 years$6,671$5,965$5,327$4,750$4,230$3,633
12 years$6,052$5,354$4,727$4,166$3,666$3,098
13 years$5,530$4,839$4,223$3,678$3,196$2,657
14 years$5,082$4,398$3,795$3,265$2,802$2,290
15 years$4,694$4,018$3,426$2,912$2,467$1,982
16 years$4,355$3,686$3,106$2,607$2,180$1,721
17 years$4,056$3,395$2,827$2,342$1,933$1,499
18 years$3,791$3,137$2,580$2,111$1,719$1,308
19 years$3,554$2,907$2,362$1,907$1,532$1,145
20 years$3,341$2,702$2,168$1,728$1,369$1,004
21 years$3,148$2,517$1,994$1,568$1,225$881
22 years$2,974$2,349$1,838$1,426$1,098$775
23 years$2,814$2,197$1,697$1,298$985$682
24 years$2,668$2,059$1,569$1,184$886$601
25 years$2,534$1,932$1,454$1,081$797$530
26 years$2,411$1,816$1,348$989$718$468
27 years$2,297$1,709$1,252$905$647$413
28 years$2,191$1,610$1,164$829$584$365
29 years$2,093$1,519$1,083$760$527$323
30 years$2,001$1,434$1,009$698$477$286
31 years$1,915$1,356$940$641$431$253
32 years$1,835$1,283$877$589$390$224
33 years$1,760$1,215$819$542$353$199
34 years$1,690$1,152$765$498$319$176
35 years$1,624$1,092$716$459$289$156
36 years$1,561$1,037$669$423$262$138
37 years$1,502$985$627$389$238$123
38 years$1,447$936$587$359$215$109
39 years$1,394$890$550$331$195$96
40 years$1,344$847$515$305$177$86
41 years$1,297$806$483$282$161$76
42 years$1,252$768$453$260$146$67
43 years$1,209$731$425$240$132$60
44 years$1,168$697$399$221$120$53
45 years$1,129$665$375$205$109$47
46 years$1,092$634$352$189$99$42
47 years$1,057$605$331$175$90$37
48 years$1,023$578$311$161$82$33
49 years$991$552$292$149$74$29
50 years$960$527$275$138$67$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $983,000, adding $6,287 every year, while hoping to spend $33,860 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: 58/30/12 Blend
29$983,000$983,000$983,000$983,000
30$1,089,751$1,037,652$1,022,416$1,149,369
31$1,164,879$1,052,470$1,020,640$1,205,142
32$1,246,535$1,066,880$1,017,669$1,261,588
33$1,335,349$1,080,825$1,013,429$1,322,308
34$1,432,015$1,094,245$1,007,839$1,387,717
35$1,537,296$1,107,078$1,000,817$1,458,273
36$1,652,030$1,119,255$992,274$1,534,479
37$1,777,142$1,130,703$982,120$1,616,892
38$1,913,648$1,141,346$970,259$1,706,126
39$2,062,668$1,151,100$956,591$1,802,858
40$2,225,434$1,159,877$941,010$1,907,835
41$2,403,301$1,167,584$923,407$2,021,880
42$2,597,764$1,174,122$903,667$2,145,902
43$2,810,465$1,179,383$881,670$2,280,904
44$3,043,216$1,183,256$857,289$2,427,993
45$3,298,009$1,185,620$830,393$2,588,386
46$3,577,038$1,186,348$800,843$2,763,432
47$3,882,722$1,185,305$768,497$2,954,614
48$4,217,721$1,182,347$733,204$3,163,569
49$4,584,968$1,177,321$694,805$3,392,104
50$4,987,690$1,170,065$653,137$3,642,211
51$5,429,444$1,160,409$608,027$3,916,089
52$5,914,148$1,148,168$559,296$4,216,161
53$6,446,114$1,133,152$506,755$4,545,100
54$7,030,095$1,115,154$450,209$4,905,856
55$7,671,327$1,093,959$389,453$5,301,680
56$8,375,575$1,069,336$324,273$5,736,161
57$9,149,193$1,041,042$254,445$6,213,255
58$9,999,178$1,008,820$179,736$6,737,323
59$10,933,239$972,398$99,903$7,313,179
60$11,959,871$931,486$14,690$7,946,129
61$13,088,429$885,780$0$8,642,023
62$14,329,222$834,957$0$9,417,079
63$15,693,609$778,676$0$10,271,292
64$17,194,101$716,575$0$11,210,662
65$18,844,485$648,273$0$12,243,881
66$20,659,951$573,367$0$13,380,531
67$22,657,235$491,431$0$14,631,174
68$24,854,775$402,013$0$16,007,455
69$27,272,889$304,639$0$17,522,208
70$29,933,963$198,805$0$19,189,584
71$32,862,663$83,982$0$21,025,181
72$36,086,166$0$0$23,046,194
73$39,634,419$0$0$25,284,911
74$43,540,419$0$0$27,779,964
75$47,840,525$0$0$30,526,865
76$52,574,799$0$0$33,551,221
77$57,787,388$0$0$36,881,246
78$63,526,934$0$0$40,548,029
79$69,847,039$0$0$44,585,828
80$76,806,765$0$0$49,032,392
81$84,471,197$0$0$53,929,319
82$92,912,050$0$0$59,322,444
83$102,208,351$0$0$65,262,276
84$112,447,182$0$0$71,804,473
85$123,724,501$0$0$79,010,365
86$136,146,050$0$0$86,947,537
87$149,828,349$0$0$95,690,460
88$164,899,797$0$0$105,321,201
89$181,501,885$0$0$115,930,193
90$199,790,529$0$0$127,617,088
91$219,937,541$0$0$140,491,700
92$242,132,252$0$0$154,675,039
93$266,583,298$0$0$170,300,454
94$293,520,588$0$0$187,514,891
95$323,197,474$0$0$206,480,280
96$355,893,142$0$0$227,375,063
97$391,915,249$0$0$250,395,878
98$431,602,822$0$0$275,759,416
99$475,329,462$0$0$303,704,465
100$523,506,869$0$0$334,494,162