Can I retire at age 30 with 992,000?

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 $992,000?

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$81,918$81,189$80,477$79,782$79,103$78,539
2 years$40,554$39,798$39,066$38,357$37,668$37,099
3 years$26,767$26,009$25,279$24,576$23,898$23,342
4 years$19,875$19,119$18,396$17,705$17,044$16,506
5 years$15,741$14,990$14,276$13,599$12,957$12,437
6 years$12,986$12,240$11,537$10,876$10,252$9,752
7 years$11,019$10,279$9,588$8,941$8,338$7,857
8 years$9,544$8,811$8,131$7,501$6,917$6,456
9 years$8,398$7,672$7,003$6,389$5,825$5,383
10 years$7,481$6,762$6,106$5,507$4,963$4,541
11 years$6,732$6,020$5,375$4,793$4,269$3,865
12 years$6,108$5,403$4,770$4,204$3,699$3,314
13 years$5,580$4,883$4,262$3,712$3,226$2,859
14 years$5,128$4,439$3,829$3,295$2,828$2,479
15 years$4,737$4,055$3,458$2,938$2,490$2,158
16 years$4,395$3,720$3,135$2,631$2,200$1,886
17 years$4,093$3,426$2,852$2,364$1,951$1,653
18 years$3,826$3,166$2,604$2,130$1,735$1,452
19 years$3,587$2,934$2,384$1,925$1,546$1,279
20 years$3,371$2,726$2,188$1,743$1,381$1,129
21 years$3,177$2,540$2,012$1,582$1,236$997
22 years$3,001$2,371$1,855$1,439$1,108$883
23 years$2,840$2,217$1,712$1,310$994$783
24 years$2,693$2,077$1,584$1,195$894$694
25 years$2,558$1,950$1,467$1,091$804$617
26 years$2,433$1,832$1,360$998$725$548
27 years$2,318$1,724$1,263$913$653$488
28 years$2,211$1,625$1,174$837$589$434
29 years$2,112$1,533$1,093$767$532$387
30 years$2,019$1,448$1,018$704$481$345
31 years$1,933$1,368$949$647$435$308
32 years$1,852$1,295$885$594$393$274
33 years$1,777$1,226$827$547$356$245
34 years$1,705$1,162$772$503$322$219
35 years$1,639$1,102$722$463$292$195
36 years$1,576$1,046$676$426$264$174
37 years$1,516$994$632$393$240$156
38 years$1,460$944$592$362$217$139
39 years$1,407$898$555$334$197$124
40 years$1,356$854$520$308$179$111
41 years$1,308$813$488$284$162$99
42 years$1,263$775$457$262$147$89
43 years$1,220$738$429$242$134$80
44 years$1,179$703$403$224$121$71
45 years$1,139$671$378$206$110$64
46 years$1,102$640$355$191$100$57
47 years$1,066$611$334$176$91$51
48 years$1,032$583$314$163$82$46
49 years$1,000$557$295$150$75$41
50 years$969$532$277$139$68$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $992,000, adding $5,255 every year, while hoping to spend $27,961 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: 77/6/17 Blend
29$992,000$992,000$992,000$992,000
30$1,098,605$1,046,029$1,030,653$1,178,655
31$1,180,912$1,067,534$1,035,429$1,253,755
32$1,270,678$1,089,155$1,039,429$1,332,070
33$1,368,633$1,110,870$1,042,595$1,417,196
34$1,475,582$1,132,651$1,044,871$1,509,804
35$1,592,412$1,154,472$1,046,195$1,610,635
36$1,720,097$1,176,300$1,046,502$1,720,501
37$1,859,712$1,198,104$1,045,724$1,840,301
38$2,012,439$1,219,847$1,043,792$1,971,023
39$2,179,579$1,241,492$1,040,631$2,113,757
40$2,362,567$1,262,996$1,036,163$2,269,703
41$2,562,981$1,284,314$1,030,307$2,440,183
42$2,782,559$1,305,400$1,022,976$2,626,655
43$3,023,217$1,326,201$1,014,082$2,830,723
44$3,287,061$1,346,661$1,003,530$3,054,158
45$3,576,415$1,366,721$991,222$3,298,909
46$3,893,836$1,386,317$977,055$3,567,124
47$4,242,143$1,405,382$960,921$3,861,171
48$4,624,437$1,423,841$942,708$4,183,659
49$5,044,137$1,441,617$922,297$4,537,463
50$5,505,009$1,458,627$899,564$4,925,751
51$6,011,201$1,474,780$874,380$5,352,014
52$6,567,282$1,489,983$846,610$5,820,100
53$7,178,285$1,504,133$816,112$6,334,250
54$7,849,757$1,517,122$782,739$6,899,137
55$8,587,807$1,528,835$746,335$7,519,909
56$9,399,165$1,539,149$706,738$8,202,243
57$10,291,246$1,547,935$663,781$8,952,393
58$11,272,221$1,555,051$617,285$9,777,251
59$12,351,090$1,560,351$567,067$10,684,414
60$13,537,771$1,563,678$512,933$11,682,253
61$14,843,190$1,564,864$454,682$12,779,994
62$16,279,384$1,563,732$392,104$13,987,804
63$17,859,620$1,560,093$324,978$15,316,888
64$19,598,512$1,553,748$253,075$16,779,595
65$21,512,163$1,544,485$176,156$18,389,535
66$23,618,316$1,532,077$93,969$20,161,704
67$25,936,522$1,516,286$6,255$22,112,631
68$28,488,323$1,496,860$0$24,260,533
69$31,297,455$1,473,529$0$26,641,328
70$34,390,073$1,446,010$0$29,263,537
71$37,794,997$1,414,001$0$32,150,459
72$41,543,983$1,377,184$0$35,329,019
73$45,672,024$1,335,220$0$38,828,890
74$50,217,677$1,287,753$0$42,682,766
75$55,223,431$1,234,403$0$46,926,675
76$60,736,103$1,174,771$0$51,600,320
77$66,807,284$1,108,434$0$56,747,450
78$73,493,823$1,034,943$0$62,416,275
79$80,858,363$953,825$0$68,659,920
80$88,969,934$864,580$0$75,536,927
81$97,904,601$766,678$0$83,111,808
82$107,746,185$659,561$0$91,455,654
83$118,587,054$542,637$0$100,646,802
84$130,528,991$415,283$0$110,771,581
85$143,684,155$276,840$0$121,925,121
86$158,176,145$126,611$0$134,212,256
87$174,141,158$0$0$147,748,508
88$191,729,280$0$0$162,663,567
89$211,105,901$0$0$179,104,574
90$232,453,274$0$0$197,217,817
91$255,972,239$0$0$217,173,714
92$281,884,113$0$0$239,160,063
93$310,432,784$0$0$263,383,811
94$341,887,008$0$0$290,073,008
95$376,542,951$0$0$319,478,960
96$414,726,980$0$0$351,878,602
97$456,798,743$0$0$387,577,111
98$503,154,570$0$0$426,910,785
99$554,231,204$0$0$470,250,218
100$610,509,934$0$0$518,003,802