Can I retire at age 30 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$81,753$81,025$80,315$79,621$78,944$78,185
2 years$40,472$39,718$38,988$38,279$37,592$36,827
3 years$26,713$25,956$25,228$24,526$23,850$23,103
4 years$19,835$19,081$18,359$17,670$17,010$16,287
5 years$15,710$14,959$14,248$13,572$12,931$12,234
6 years$12,960$12,215$11,514$10,854$10,232$9,562
7 years$10,997$10,259$9,568$8,923$8,321$7,678
8 years$9,525$8,793$8,115$7,486$6,903$6,287
9 years$8,381$7,656$6,989$6,376$5,813$5,225
10 years$7,466$6,749$6,093$5,496$4,953$4,391
11 years$6,718$6,008$5,364$4,783$4,260$3,724
12 years$6,095$5,392$4,761$4,196$3,692$3,181
13 years$5,569$4,873$4,253$3,704$3,219$2,734
14 years$5,118$4,430$3,822$3,288$2,822$2,361
15 years$4,727$4,046$3,451$2,932$2,485$2,047
16 years$4,386$3,713$3,128$2,626$2,196$1,781
17 years$4,085$3,419$2,847$2,359$1,947$1,555
18 years$3,818$3,159$2,599$2,126$1,731$1,360
19 years$3,579$2,928$2,379$1,921$1,543$1,193
20 years$3,365$2,721$2,183$1,740$1,378$1,048
21 years$3,171$2,534$2,008$1,579$1,233$922
22 years$2,995$2,366$1,851$1,436$1,106$813
23 years$2,834$2,213$1,709$1,308$992$717
24 years$2,687$2,073$1,581$1,193$892$633
25 years$2,552$1,946$1,464$1,089$803$560
26 years$2,428$1,829$1,358$996$723$495
27 years$2,313$1,721$1,261$912$652$439
28 years$2,206$1,622$1,172$835$588$389
29 years$2,107$1,530$1,091$766$531$345
30 years$2,015$1,445$1,016$703$480$306
31 years$1,929$1,366$947$646$434$271
32 years$1,848$1,292$884$593$392$241
33 years$1,773$1,224$825$546$355$214
34 years$1,702$1,160$771$502$322$190
35 years$1,635$1,100$721$462$291$169
36 years$1,572$1,044$674$426$264$150
37 years$1,513$992$631$392$239$133
38 years$1,457$942$591$361$217$119
39 years$1,404$896$554$333$197$105
40 years$1,353$853$519$307$178$94
41 years$1,306$812$487$284$162$83
42 years$1,260$773$456$262$147$74
43 years$1,217$737$428$242$133$66
44 years$1,176$702$402$223$121$59
45 years$1,137$669$378$206$110$52
46 years$1,100$639$355$190$100$47
47 years$1,064$609$333$176$91$41
48 years$1,030$582$313$162$82$37
49 years$998$556$294$150$75$33
50 years$967$531$277$139$68$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $990,000, adding $4,767 every year, while hoping to spend $34,677 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: 44/33/23 Blend
29$990,000$990,000$990,000$990,000
30$1,095,897$1,043,427$1,028,082$1,136,624
31$1,170,783$1,057,659$1,025,627$1,180,152
32$1,252,144$1,071,426$1,021,927$1,223,569
33$1,340,606$1,084,669$1,016,905$1,269,935
34$1,436,854$1,097,324$1,010,477$1,319,542
35$1,541,644$1,109,323$1,002,559$1,372,712
36$1,655,806$1,120,595$993,060$1,429,801
37$1,780,256$1,131,062$981,885$1,491,205
38$1,916,000$1,140,642$968,936$1,557,359
39$2,064,146$1,149,248$954,109$1,628,746
40$2,225,914$1,156,785$937,296$1,705,899
41$2,402,645$1,163,155$918,383$1,789,407
42$2,595,817$1,168,253$897,252$1,879,924
43$2,807,059$1,171,966$873,779$1,978,168
44$3,038,161$1,174,174$847,832$2,084,938
45$3,291,096$1,174,752$819,277$2,201,113
46$3,568,037$1,173,563$787,972$2,327,666
47$3,871,375$1,170,465$753,767$2,465,673
48$4,203,744$1,165,307$716,507$2,616,321
49$4,568,045$1,157,927$676,030$2,780,922
50$4,967,475$1,148,154$632,165$2,960,927
51$5,405,551$1,135,807$584,736$3,157,938
52$5,886,149$1,120,694$533,558$3,373,722
53$6,413,540$1,102,612$478,435$3,610,234
54$6,992,425$1,081,344$419,167$3,869,631
55$7,627,984$1,056,662$355,541$4,154,295
56$8,325,924$1,028,323$287,337$4,466,859
57$9,092,530$996,073$214,325$4,810,225
58$9,934,727$959,640$136,263$5,187,600
59$10,860,143$918,736$52,902$5,602,526
60$11,877,182$873,058$0$6,058,908
61$12,995,102$822,285$0$6,569,910
62$14,224,103$766,077$0$7,145,872
63$15,575,421$704,076$0$7,779,123
64$17,061,440$635,900$0$8,475,533
65$18,695,797$561,150$0$9,241,578
66$20,493,523$479,401$0$10,084,397
67$22,471,176$390,205$0$11,011,863
68$24,646,999$293,089$0$12,032,658
69$27,041,096$187,553$0$13,156,355
70$29,675,613$73,068$0$14,393,510
71$32,574,955$0$0$15,755,764
72$35,766,012$0$0$17,274,440
73$39,278,412$0$0$18,975,397
74$43,144,800$0$0$20,847,929
75$47,401,150$0$0$22,909,476
76$52,087,099$0$0$25,179,256
77$57,246,321$0$0$27,678,442
78$62,926,944$0$0$30,430,369
79$69,181,998$0$0$33,460,748
80$76,069,918$0$0$36,797,909
81$83,655,092$0$0$40,473,072
82$92,008,475$0$0$44,520,638
83$101,208,251$0$0$48,978,514
84$111,340,573$0$0$53,888,471
85$122,500,379$0$0$59,296,540
86$134,792,281$0$0$65,253,442
87$148,331,559$0$0$71,815,070
88$163,245,242$0$0$79,043,017
89$179,673,313$0$0$87,005,153
90$197,770,024$0$0$95,776,269
91$217,705,356$0$0$105,438,781
92$239,666,620$0$0$116,083,510
93$263,860,225$0$0$127,810,535
94$290,513,627$0$0$140,730,141
95$319,877,476$0$0$154,963,860
96$352,227,979$0$0$170,645,614
97$387,869,507$0$0$187,922,983
98$427,137,470$0$0$206,958,597
99$470,401,482$0$0$227,931,669
100$518,068,847$0$0$251,039,688