Can I retire at age 30 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$81,671$80,943$80,233$79,541$78,864$75,885
2 years$40,431$39,678$38,948$38,241$37,554$34,588
3 years$26,686$25,930$25,202$24,501$23,826$20,965
4 years$19,815$19,061$18,341$17,652$16,993$14,259
5 years$15,694$14,944$14,233$13,558$12,918$10,318
6 years$12,947$12,203$11,502$10,843$10,221$7,758
7 years$10,986$10,248$9,559$8,914$8,313$5,985
8 years$9,515$8,785$8,106$7,478$6,896$4,702
9 years$8,373$7,649$6,982$6,370$5,808$3,744
10 years$7,459$6,742$6,087$5,491$4,948$3,011
11 years$6,712$6,002$5,359$4,779$4,256$2,441
12 years$6,089$5,387$4,756$4,191$3,688$1,991
13 years$5,563$4,868$4,249$3,700$3,216$1,631
14 years$5,113$4,425$3,818$3,285$2,819$1,342
15 years$4,723$4,042$3,447$2,929$2,482$1,108
16 years$4,382$3,709$3,125$2,623$2,194$916
17 years$4,081$3,416$2,844$2,357$1,945$760
18 years$3,814$3,156$2,596$2,124$1,730$631
19 years$3,576$2,925$2,377$1,919$1,542$525
20 years$3,361$2,718$2,181$1,738$1,377$437
21 years$3,168$2,532$2,006$1,577$1,232$364
22 years$2,992$2,363$1,849$1,434$1,104$304
23 years$2,831$2,210$1,707$1,306$991$254
24 years$2,685$2,071$1,579$1,191$891$212
25 years$2,550$1,944$1,462$1,088$802$177
26 years$2,426$1,827$1,356$995$722$148
27 years$2,311$1,719$1,259$911$651$124
28 years$2,204$1,620$1,171$834$588$103
29 years$2,105$1,528$1,090$765$531$87
30 years$2,013$1,443$1,015$702$479$72
31 years$1,927$1,364$946$645$433$61
32 years$1,847$1,291$883$593$392$51
33 years$1,771$1,223$824$545$355$42
34 years$1,700$1,159$770$501$321$36
35 years$1,634$1,099$720$462$291$30
36 years$1,571$1,043$674$425$264$25
37 years$1,511$991$630$392$239$21
38 years$1,455$942$590$361$217$17
39 years$1,402$895$553$333$196$15
40 years$1,352$852$518$307$178$12
41 years$1,304$811$486$283$162$10
42 years$1,259$772$456$261$147$9
43 years$1,216$736$428$241$133$7
44 years$1,175$701$402$223$121$6
45 years$1,136$669$377$206$110$5
46 years$1,099$638$354$190$100$4
47 years$1,063$609$333$176$90$4
48 years$1,029$581$313$162$82$3
49 years$997$555$294$150$75$2
50 years$966$530$276$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $989,000, adding $3,720 every year, while hoping to spend $29,695 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: 70/19/11 Blend
29$989,000$989,000$989,000$989,000
30$1,093,715$1,041,298$1,025,969$1,167,546
31$1,173,679$1,060,727$1,028,743$1,236,408
32$1,260,804$1,080,112$1,030,616$1,307,777
33$1,355,788$1,099,420$1,031,524$1,385,087
34$1,459,403$1,118,616$1,031,404$1,468,916
35$1,572,494$1,137,659$1,030,188$1,559,904
36$1,695,993$1,156,510$1,027,804$1,658,753
37$1,830,927$1,175,121$1,024,179$1,766,236
38$1,978,426$1,193,446$1,019,232$1,883,208
39$2,139,732$1,211,433$1,012,884$2,010,607
40$2,316,217$1,229,025$1,005,048$2,149,470
41$2,509,387$1,246,163$995,633$2,300,939
42$2,720,904$1,262,784$984,546$2,466,269
43$2,952,595$1,278,820$971,687$2,646,848
44$3,206,475$1,294,197$956,954$2,844,203
45$3,484,761$1,308,838$940,237$3,060,017
46$3,789,896$1,322,661$921,425$3,296,143
47$4,124,570$1,335,576$900,397$3,554,628
48$4,491,746$1,347,489$877,030$3,837,724
49$4,894,688$1,358,299$851,194$4,147,913
50$5,336,990$1,367,900$822,754$4,487,932
51$5,822,613$1,376,177$791,566$4,860,797
52$6,355,919$1,383,010$757,483$5,269,833
53$6,941,714$1,388,268$720,349$5,718,702
54$7,585,290$1,391,815$680,003$6,211,443
55$8,292,480$1,393,504$636,273$6,752,507
56$9,069,709$1,393,181$588,984$7,346,797
57$9,924,054$1,390,682$537,949$7,999,721
58$10,863,313$1,385,830$482,976$8,717,237
59$11,896,076$1,378,442$423,862$9,505,912
60$13,031,810$1,368,320$360,395$10,372,985
61$14,280,943$1,355,255$292,356$11,326,433
62$15,654,963$1,339,027$219,515$12,375,050
63$17,166,531$1,319,401$141,630$13,528,527
64$18,829,593$1,296,128$58,450$14,797,545
65$20,659,518$1,268,944$0$16,193,877
66$22,673,239$1,237,573$0$17,734,057
67$24,889,412$1,201,717$0$19,436,380
68$27,328,595$1,161,064$0$21,309,775
69$30,013,440$1,115,284$0$23,371,648
70$32,968,905$1,064,026$0$25,641,182
71$36,222,491$1,006,921$0$28,139,519
72$39,804,501$943,577$0$30,889,956
73$43,748,327$873,579$0$33,918,168
74$48,090,762$796,490$0$37,252,451
75$52,872,349$711,847$0$40,923,986
76$58,137,762$619,161$0$44,967,138
77$63,936,228$517,915$0$49,419,778
78$70,321,994$407,563$0$54,323,642
79$77,354,832$287,528$0$59,724,724
80$85,100,609$157,201$0$65,673,711
81$93,631,906$15,939$0$72,226,466
82$103,028,704$0$0$79,444,548
83$113,379,134$0$0$87,424,431
84$124,780,316$0$0$96,218,162
85$137,339,268$0$0$105,904,960
86$151,173,921$0$0$116,575,797
87$166,414,230$0$0$128,330,919
88$183,203,397$0$0$141,280,791
89$201,699,230$0$0$155,547,143
90$222,075,624$0$0$171,264,119
91$244,524,207$0$0$188,579,538
92$269,256,147$0$0$207,656,293
93$296,504,144$0$0$228,673,890
94$326,524,629$0$0$251,830,135
95$359,600,181$0$0$277,343,011
96$396,042,196$0$0$305,452,725
97$436,193,824$0$0$336,423,983
98$480,433,211$0$0$370,548,484
99$529,177,065$0$0$408,147,676
100$582,884,592$0$0$449,575,787