Can I retire at age 30 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$81,423$80,698$79,990$79,299$78,625$76,693
2 years$40,308$39,558$38,830$38,125$37,440$35,506
3 years$26,605$25,851$25,126$24,427$23,754$21,877
4 years$19,755$19,004$18,285$17,598$16,941$15,137
5 years$15,646$14,899$14,190$13,517$12,879$11,152
6 years$12,908$12,166$11,468$10,810$10,190$8,543
7 years$10,952$10,217$9,530$8,887$8,288$6,719
8 years$9,487$8,758$8,082$7,455$6,875$5,386
9 years$8,347$7,625$6,961$6,350$5,790$4,378
10 years$7,436$6,721$6,069$5,474$4,933$3,597
11 years$6,691$5,984$5,343$4,764$4,243$2,980
12 years$6,071$5,371$4,742$4,179$3,677$2,486
13 years$5,546$4,853$4,236$3,689$3,206$2,085
14 years$5,097$4,412$3,806$3,275$2,811$1,756
15 years$4,708$4,030$3,437$2,921$2,475$1,485
16 years$4,368$3,698$3,116$2,615$2,187$1,259
17 years$4,069$3,405$2,835$2,350$1,939$1,070
18 years$3,803$3,147$2,588$2,117$1,724$911
19 years$3,565$2,916$2,369$1,913$1,537$778
20 years$3,351$2,710$2,174$1,733$1,373$665
21 years$3,158$2,524$2,000$1,573$1,228$569
22 years$2,983$2,356$1,843$1,430$1,101$487
23 years$2,823$2,204$1,702$1,302$988$418
24 years$2,676$2,065$1,574$1,188$888$358
25 years$2,542$1,938$1,458$1,085$799$308
26 years$2,418$1,821$1,352$992$720$264
27 years$2,304$1,714$1,256$908$649$227
28 years$2,198$1,615$1,167$832$586$195
29 years$2,099$1,524$1,086$763$529$168
30 years$2,007$1,439$1,012$700$478$145
31 years$1,921$1,360$943$643$432$124
32 years$1,841$1,287$880$591$391$107
33 years$1,766$1,219$822$543$354$92
34 years$1,695$1,155$768$500$320$79
35 years$1,629$1,096$718$460$290$68
36 years$1,566$1,040$672$424$263$59
37 years$1,507$988$629$391$238$51
38 years$1,451$939$589$360$216$44
39 years$1,398$893$551$332$196$38
40 years$1,348$849$517$306$178$32
41 years$1,300$808$485$282$161$28
42 years$1,255$770$455$261$146$24
43 years$1,212$734$427$241$133$21
44 years$1,172$699$400$222$120$18
45 years$1,133$667$376$205$109$15
46 years$1,095$636$353$190$99$13
47 years$1,060$607$332$175$90$11
48 years$1,026$579$312$162$82$10
49 years$994$553$293$150$74$9
50 years$963$529$276$138$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $986,000, adding $4,628 every year, while hoping to spend $42,359 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: 82/12/6 Blend
29$986,000$986,000$986,000$986,000
30$1,091,346$1,039,088$1,023,805$1,180,033
31$1,157,593$1,044,933$1,013,033$1,244,527
32$1,229,179$1,049,646$1,000,480$1,309,159
33$1,306,601$1,053,125$986,042$1,378,798
34$1,390,410$1,055,264$969,610$1,453,920
35$1,481,209$1,055,949$951,070$1,535,049
36$1,579,663$1,055,061$930,301$1,622,763
37$1,686,501$1,052,471$907,179$1,717,698
38$1,802,527$1,048,045$881,572$1,820,555
39$1,928,623$1,041,638$853,343$1,932,105
40$2,065,762$1,033,097$822,349$2,053,199
41$2,215,012$1,022,261$788,440$2,184,772
42$2,377,550$1,008,958$751,459$2,327,857
43$2,554,669$993,007$711,242$2,483,590
44$2,747,795$974,214$667,618$2,653,224
45$2,958,495$952,375$620,409$2,838,139
46$3,188,495$927,275$569,426$3,039,856
47$3,439,694$898,684$514,474$3,260,050
48$3,714,184$866,360$455,350$3,500,568
49$4,014,266$830,048$391,840$3,763,445
50$4,342,475$789,474$323,721$4,050,924
51$4,701,603$744,354$250,761$4,365,476
52$5,094,722$694,382$172,716$4,709,826
53$5,525,216$639,240$89,335$5,086,975
54$5,996,812$578,586$351$5,500,232
55$6,513,613$512,063$0$5,953,243
56$7,080,139$439,292$0$6,456,084
57$7,701,368$359,872$0$7,007,545
58$8,382,783$273,381$0$7,612,505
59$9,130,423$179,373$0$8,276,365
60$9,950,938$77,374$0$9,005,076
61$10,851,656$0$0$9,805,196
62$11,840,648$0$0$10,688,324
63$12,926,803$0$0$11,669,460
64$14,119,917$0$0$12,747,236
65$15,430,777$0$0$13,931,401
66$16,871,270$0$0$15,232,695
67$18,454,489$0$0$16,662,950
68$20,194,861$0$0$18,235,202
69$22,108,278$0$0$19,963,812
70$24,212,250$0$0$21,864,600
71$26,526,069$0$0$23,955,001
72$29,070,988$0$0$26,254,219
73$31,870,426$0$0$28,783,415
74$34,950,184$0$0$31,565,904
75$38,338,690$0$0$34,627,375
76$42,067,267$0$0$37,996,130
77$46,170,426$0$0$41,703,357
78$50,686,195$0$0$45,783,416
79$55,656,473$0$0$50,274,171
80$61,127,429$0$0$55,217,339
81$67,149,933$0$0$60,658,890
82$73,780,039$0$0$66,649,474
83$81,079,512$0$0$73,244,904
84$89,116,408$0$0$80,506,679
85$97,965,722$0$0$88,502,565
86$107,710,089$0$0$97,307,234
87$118,440,564$0$0$107,002,968
88$130,257,486$0$0$117,680,434
89$143,271,417$0$0$129,439,541
90$157,604,190$0$0$142,390,382
91$173,390,058$0$0$156,654,271
92$190,776,957$0$0$172,364,888
93$209,927,904$0$0$189,669,543
94$231,022,537$0$0$208,730,561
95$254,258,804$0$0$229,726,817
96$279,854,838$0$0$252,855,421
97$308,051,009$0$0$278,333,582
98$339,112,195$0$0$306,400,653
99$373,330,282$0$0$337,320,392
100$411,026,916$0$0$371,383,451