Can I retire at age 30 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$81,588$80,861$80,152$79,460$78,785$78,222
2 years$40,390$39,638$38,909$38,202$37,516$36,950
3 years$26,659$25,904$25,177$24,476$23,802$23,248
4 years$19,795$19,042$18,322$17,634$16,976$16,439
5 years$15,678$14,929$14,219$13,545$12,905$12,387
6 years$12,934$12,191$11,491$10,832$10,211$9,712
7 years$10,975$10,238$9,549$8,905$8,304$7,825
8 years$9,506$8,776$8,098$7,470$6,889$6,430
9 years$8,364$7,641$6,975$6,363$5,802$5,362
10 years$7,451$6,735$6,081$5,485$4,943$4,523
11 years$6,705$5,996$5,354$4,774$4,251$3,850
12 years$6,083$5,382$4,751$4,187$3,684$3,301
13 years$5,558$4,863$4,245$3,697$3,213$2,848
14 years$5,108$4,421$3,814$3,281$2,816$2,469
15 years$4,718$4,038$3,444$2,926$2,480$2,150
16 years$4,377$3,705$3,122$2,620$2,192$1,878
17 years$4,077$3,412$2,841$2,354$1,943$1,646
18 years$3,810$3,153$2,593$2,122$1,728$1,446
19 years$3,572$2,922$2,374$1,917$1,540$1,274
20 years$3,358$2,715$2,179$1,736$1,376$1,124
21 years$3,164$2,529$2,004$1,576$1,231$993
22 years$2,989$2,361$1,847$1,433$1,103$879
23 years$2,829$2,208$1,706$1,305$990$779
24 years$2,682$2,069$1,577$1,190$890$692
25 years$2,547$1,942$1,461$1,087$801$614
26 years$2,423$1,825$1,355$994$722$546
27 years$2,308$1,717$1,258$910$651$486
28 years$2,202$1,618$1,170$833$587$433
29 years$2,103$1,527$1,088$764$530$385
30 years$2,011$1,442$1,014$701$479$343
31 years$1,925$1,363$945$644$433$306
32 years$1,845$1,290$882$592$392$273
33 years$1,769$1,221$823$544$354$244
34 years$1,699$1,158$769$501$321$218
35 years$1,632$1,098$719$461$291$194
36 years$1,569$1,042$673$425$263$174
37 years$1,510$990$630$391$239$155
38 years$1,454$941$590$361$216$139
39 years$1,401$894$553$333$196$124
40 years$1,351$851$518$307$178$111
41 years$1,303$810$486$283$161$99
42 years$1,258$771$456$261$147$89
43 years$1,215$735$427$241$133$79
44 years$1,174$701$401$223$121$71
45 years$1,135$668$377$206$110$63
46 years$1,098$637$354$190$100$57
47 years$1,062$608$332$175$90$51
48 years$1,028$581$312$162$82$45
49 years$996$554$294$150$75$41
50 years$965$530$276$138$68$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $988,000, adding $3,795 every year, while hoping to spend $25,562 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: 70/16/14 Blend
29$988,000$988,000$988,000$988,000
30$1,092,691$1,040,327$1,025,013$1,165,490
31$1,176,947$1,064,105$1,032,153$1,238,121
32$1,268,941$1,088,191$1,038,675$1,314,144
33$1,369,435$1,112,575$1,044,533$1,396,679
34$1,479,268$1,137,241$1,049,675$1,486,364
35$1,599,363$1,162,176$1,054,049$1,583,903
36$1,730,738$1,187,362$1,057,600$1,690,068
37$1,874,513$1,212,783$1,060,269$1,805,713
38$2,031,921$1,238,417$1,061,995$1,931,776
39$2,204,320$1,264,243$1,062,716$2,069,293
40$2,393,206$1,290,236$1,062,362$2,219,403
41$2,600,226$1,316,370$1,060,864$2,383,363
42$2,827,193$1,342,616$1,058,147$2,562,556
43$3,076,106$1,368,944$1,054,134$2,758,507
44$3,349,166$1,395,319$1,048,744$2,972,896
45$3,648,795$1,421,703$1,041,891$3,207,574
46$3,977,663$1,448,058$1,033,486$3,464,582
47$4,338,712$1,474,341$1,023,435$3,746,166
48$4,735,181$1,500,504$1,011,641$4,054,805
49$5,170,639$1,526,497$997,999$4,393,228
50$5,649,015$1,552,267$982,404$4,764,442
51$6,174,642$1,577,755$964,741$5,171,762
52$6,752,289$1,602,899$944,894$5,618,842
53$7,387,214$1,627,632$922,739$6,109,706
54$8,085,205$1,651,882$898,147$6,648,790
55$8,852,644$1,675,571$870,982$7,240,985
56$9,696,557$1,698,618$841,104$7,891,676
57$10,624,690$1,720,934$808,365$8,606,802
58$11,645,573$1,742,425$772,610$9,392,906
59$12,768,607$1,762,990$733,678$10,257,199
60$14,004,149$1,782,520$691,400$11,207,628
61$15,363,610$1,800,901$645,600$12,252,952
62$16,859,564$1,818,011$596,093$13,402,821
63$18,505,864$1,833,719$542,687$14,667,875
64$20,317,776$1,847,884$485,180$16,059,834
65$22,312,118$1,860,360$423,363$17,591,620
66$24,507,425$1,870,988$357,016$19,277,470
67$26,924,116$1,879,600$285,910$21,133,075
68$29,584,692$1,886,017$209,805$23,175,729
69$32,513,949$1,890,050$128,451$25,424,490
70$35,739,206$1,891,496$41,588$27,900,361
71$39,290,567$1,890,142$0$30,626,490
72$43,201,205$1,885,759$0$33,636,021
73$47,507,672$1,878,106$0$36,956,560
74$52,250,247$1,866,925$0$40,612,915
75$57,473,314$1,851,947$0$44,639,277
76$63,225,780$1,832,880$0$49,073,325
77$69,561,539$1,809,420$0$53,956,582
78$76,539,977$1,781,243$0$59,334,803
79$84,226,536$1,748,005$0$65,258,412
80$92,693,327$1,709,342$0$71,782,975
81$102,019,815$1,664,868$0$78,969,725
82$112,293,565$1,614,175$0$86,886,142
83$123,611,071$1,556,833$0$95,606,589
84$136,078,665$1,492,382$0$105,213,013
85$149,813,521$1,420,341$0$115,795,719
86$164,944,759$1,340,196$0$127,454,227
87$181,614,666$1,251,408$0$140,298,205
88$199,980,039$1,153,403$0$154,448,509
89$220,213,661$1,045,578$0$170,038,322
90$242,505,935$927,293$0$187,214,415
91$267,066,682$797,871$0$206,138,529
92$294,127,117$656,600$0$226,988,902
93$323,942,034$502,725$0$249,961,958
94$356,792,213$335,450$0$275,274,154
95$392,987,065$153,933$0$303,164,030
96$432,867,556$0$0$333,894,457
97$476,809,425$0$0$367,762,642
98$525,226,730$0$0$405,110,235
99$578,575,757$0$0$446,262,110
100$637,359,325$0$0$491,606,141