Can I retire at age 30 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$81,506$80,780$80,071$79,380$78,705$78,111
2 years$40,349$39,598$38,870$38,163$37,478$36,879
3 years$26,632$25,878$25,151$24,452$23,778$23,193
4 years$19,775$19,023$18,304$17,616$16,959$16,391
5 years$15,662$14,914$14,204$13,531$12,892$12,344
6 years$12,921$12,178$11,479$10,821$10,201$9,674
7 years$10,963$10,227$9,539$8,896$8,296$7,790
8 years$9,496$8,767$8,090$7,463$6,882$6,397
9 years$8,356$7,633$6,968$6,357$5,796$5,331
10 years$7,444$6,728$6,075$5,480$4,938$4,494
11 years$6,698$5,990$5,348$4,769$4,247$3,823
12 years$6,077$5,376$4,746$4,183$3,680$3,276
13 years$5,552$4,858$4,241$3,693$3,209$2,824
14 years$5,102$4,416$3,810$3,278$2,813$2,447
15 years$4,713$4,034$3,440$2,924$2,477$2,129
16 years$4,373$3,701$3,119$2,618$2,189$1,859
17 years$4,073$3,409$2,838$2,352$1,941$1,628
18 years$3,806$3,150$2,591$2,120$1,726$1,430
19 years$3,568$2,919$2,372$1,915$1,538$1,258
20 years$3,355$2,713$2,177$1,735$1,374$1,109
21 years$3,161$2,527$2,002$1,574$1,230$980
22 years$2,986$2,359$1,845$1,431$1,102$867
23 years$2,826$2,206$1,704$1,304$989$768
24 years$2,679$2,067$1,576$1,189$889$681
25 years$2,545$1,940$1,459$1,086$800$604
26 years$2,421$1,823$1,354$993$721$537
27 years$2,306$1,716$1,257$909$650$477
28 years$2,200$1,617$1,168$833$586$424
29 years$2,101$1,525$1,087$764$530$378
30 years$2,009$1,440$1,013$701$478$336
31 years$1,923$1,362$944$644$433$300
32 years$1,843$1,288$881$591$391$267
33 years$1,768$1,220$823$544$354$238
34 years$1,697$1,156$769$500$321$213
35 years$1,630$1,097$719$461$290$190
36 years$1,568$1,041$672$424$263$169
37 years$1,508$989$629$391$238$151
38 years$1,452$940$589$360$216$135
39 years$1,400$893$552$332$196$121
40 years$1,349$850$517$306$178$108
41 years$1,302$809$485$283$161$96
42 years$1,257$771$455$261$146$86
43 years$1,214$734$427$241$133$77
44 years$1,173$700$401$222$121$69
45 years$1,134$667$376$205$109$61
46 years$1,097$637$354$190$99$55
47 years$1,061$608$332$175$90$49
48 years$1,027$580$312$162$82$44
49 years$995$554$293$150$74$39
50 years$964$529$276$138$68$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $987,000, adding $2,661 every year, while hoping to spend $45,120 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: 86/5/9 Blend
29$987,000$987,000$987,000$987,000
30$1,090,419$1,038,108$1,022,809$1,182,741
31$1,153,634$1,040,968$1,009,066$1,246,253
32$1,221,785$1,042,456$993,350$1,309,598
33$1,295,328$1,042,457$975,548$1,377,786
34$1,374,763$1,040,848$955,540$1,451,272
35$1,460,641$1,037,502$933,203$1,530,562
36$1,553,566$1,032,279$908,405$1,616,208
37$1,654,204$1,025,035$881,011$1,708,821
38$1,763,285$1,015,614$850,877$1,809,072
39$1,881,614$1,003,853$817,855$1,917,701
40$2,010,074$989,577$781,789$2,035,523
41$2,149,638$972,603$742,515$2,163,433
42$2,301,375$952,735$699,864$2,302,420
43$2,466,463$929,766$653,656$2,453,573
44$2,646,195$903,478$603,707$2,618,088
45$2,841,997$873,638$549,821$2,797,287
46$3,055,436$840,002$491,796$2,992,624
47$3,288,238$802,310$429,419$3,205,701
48$3,542,302$760,287$362,468$3,438,282
49$3,819,719$713,642$290,712$3,692,313
50$4,122,789$662,070$213,910$3,969,936
51$4,454,046$605,244$131,808$4,273,512
52$4,816,279$542,822$44,145$4,605,642
53$5,212,560$474,440$0$4,969,192
54$5,646,270$399,716$0$5,372,065
55$6,121,132$318,245$0$5,817,828
56$6,641,246$229,598$0$6,306,102
57$7,211,129$133,323$0$6,841,142
58$7,835,753$28,945$0$7,427,636
59$8,520,594$0$0$8,070,749
60$9,271,686$0$0$8,780,792
61$10,095,671$0$0$9,561,506
62$10,999,869$0$0$10,418,231
63$11,992,340$0$0$11,358,609
64$13,081,963$0$0$12,391,053
65$14,278,519$0$0$13,524,834
66$15,592,783$0$0$14,770,161
67$17,036,625$0$0$16,138,285
68$18,623,120$0$0$17,641,596
69$20,366,673$0$0$19,293,747
70$22,283,155$0$0$21,109,778
71$24,390,048$0$0$23,106,259
72$26,706,616$0$0$25,301,443
73$29,254,081$0$0$27,715,445
74$32,055,824$0$0$30,370,422
75$35,137,607$0$0$33,290,789
76$38,527,812$0$0$36,503,444
77$42,257,712$0$0$40,038,026
78$46,361,764$0$0$43,927,189
79$50,877,933$0$0$48,206,913
80$55,848,050$0$0$52,916,842
81$61,318,207$0$0$58,100,658
82$67,339,190$0$0$63,806,492
83$73,966,960$0$0$70,087,376
84$81,263,175$0$0$77,001,749
85$89,295,779$0$0$84,614,000
86$98,139,638$0$0$92,995,079
87$107,877,244$0$0$102,223,168
88$118,599,498$0$0$112,384,414
89$130,406,563$0$0$123,573,742
90$143,408,811$0$0$135,895,755
91$157,727,864$0$0$149,465,715
92$173,497,737$0$0$164,410,631
93$190,866,108$0$0$180,870,460
94$209,995,709$0$0$198,999,424
95$231,065,859$0$0$218,967,469
96$254,274,158$0$0$240,961,862
97$279,838,350$0$0$265,188,964
98$307,998,378$0$0$291,876,175
99$339,018,650$0$0$321,274,075
100$373,190,529$0$0$353,658,797