Can I retire at age 30 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$82,001$81,271$80,558$79,862$79,183$78,783
2 years$40,595$39,839$39,106$38,395$37,706$37,303
3 years$26,794$26,035$25,304$24,600$23,922$23,528
4 years$19,895$19,138$18,415$17,723$17,062$16,679
5 years$15,757$15,005$14,291$13,613$12,970$12,600
6 years$12,999$12,253$11,549$10,886$10,263$9,906
7 years$11,030$10,290$9,597$8,950$8,346$8,003
8 years$9,554$8,820$8,139$7,508$6,924$6,595
9 years$8,406$7,680$7,010$6,395$5,831$5,515
10 years$7,489$6,769$6,112$5,513$4,968$4,666
11 years$6,739$6,026$5,381$4,798$4,273$3,984
12 years$6,114$5,409$4,775$4,208$3,703$3,427
13 years$5,586$4,888$4,266$3,715$3,229$2,966
14 years$5,133$4,443$3,833$3,298$2,831$2,580
15 years$4,742$4,059$3,461$2,941$2,492$2,254
16 years$4,399$3,724$3,138$2,634$2,203$1,976
17 years$4,098$3,429$2,855$2,366$1,953$1,738
18 years$3,830$3,169$2,607$2,132$1,737$1,532
19 years$3,590$2,937$2,386$1,927$1,548$1,354
20 years$3,375$2,729$2,190$1,745$1,383$1,199
21 years$3,180$2,542$2,014$1,584$1,237$1,064
22 years$3,004$2,373$1,857$1,440$1,109$945
23 years$2,843$2,219$1,714$1,312$995$841
24 years$2,695$2,079$1,585$1,196$895$749
25 years$2,560$1,951$1,468$1,092$805$668
26 years$2,435$1,834$1,362$999$725$596
27 years$2,320$1,726$1,265$914$654$532
28 years$2,213$1,626$1,176$838$590$476
29 years$2,114$1,534$1,094$768$533$426
30 years$2,021$1,449$1,019$705$481$381
31 years$1,935$1,370$950$647$435$341
32 years$1,854$1,296$886$595$394$306
33 years$1,778$1,227$828$547$356$274
34 years$1,707$1,163$773$503$323$245
35 years$1,640$1,103$723$463$292$220
36 years$1,577$1,047$676$427$265$197
37 years$1,518$995$633$393$240$177
38 years$1,461$945$593$362$218$159
39 years$1,408$899$555$334$197$143
40 years$1,358$855$521$308$179$128
41 years$1,310$814$488$284$162$115
42 years$1,264$775$458$262$147$103
43 years$1,221$739$430$242$134$93
44 years$1,180$704$403$224$121$83
45 years$1,141$671$379$207$110$75
46 years$1,103$641$356$191$100$67
47 years$1,067$611$334$176$91$60
48 years$1,033$584$314$163$82$54
49 years$1,001$557$295$151$75$49
50 years$970$532$277$139$68$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $993,000, adding $2,614 every year, while hoping to spend $42,149 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: 29/46/25 Blend
29$993,000$993,000$993,000$993,000
30$1,096,982$1,044,353$1,028,962$1,120,211
31$1,164,028$1,050,680$1,018,586$1,144,886
32$1,236,500$1,055,905$1,006,450$1,167,517
33$1,314,907$1,059,928$992,450$1,190,987
34$1,399,809$1,062,646$976,478$1,215,395
35$1,491,820$1,063,946$958,420$1,240,855
36$1,591,617$1,063,710$938,159$1,267,496
37$1,699,943$1,061,814$915,569$1,295,463
38$1,817,618$1,058,123$890,520$1,324,920
39$1,945,540$1,052,496$862,878$1,356,050
40$2,084,699$1,044,783$832,498$1,389,061
41$2,236,185$1,034,824$799,234$1,424,186
42$2,401,197$1,022,451$762,929$1,461,686
43$2,581,053$1,007,485$723,421$1,501,854
44$2,777,204$989,735$680,539$1,545,020
45$2,991,249$969,002$634,107$1,591,551
46$3,224,945$945,073$583,939$1,641,859
47$3,480,229$917,721$529,841$1,696,402
48$3,759,232$886,709$471,610$1,755,696
49$4,064,300$851,783$409,035$1,820,314
50$4,398,016$812,678$341,895$1,890,895
51$4,763,224$769,110$269,959$1,968,153
52$5,163,057$720,780$192,986$2,052,881
53$5,600,963$667,373$110,726$2,145,966
54$6,080,741$608,554$22,915$2,248,392
55$6,606,573$543,969$0$2,361,254
56$7,183,067$473,247$0$2,504,656
57$7,815,295$395,992$0$2,668,818
58$8,508,847$311,787$0$2,849,205
59$9,269,877$220,192$0$3,047,571
60$10,105,166$120,743$0$3,265,858
61$11,022,182$12,949$0$3,506,216
62$12,029,151$0$0$3,771,022
63$13,135,137$0$0$4,115,405
64$14,350,122$0$0$4,501,096
65$15,685,105$0$0$4,925,055
66$17,152,200$0$0$5,391,151
67$18,764,757$0$0$5,903,645
68$20,537,480$0$0$6,467,237
69$22,486,570$0$0$7,087,099
70$24,629,877$0$0$7,768,933
71$26,987,067$0$0$8,519,022
72$29,579,805$0$0$9,344,286
73$32,431,964$0$0$10,252,351
74$35,569,847$0$0$11,251,619
75$39,022,433$0$0$12,351,349
76$42,821,653$0$0$13,561,742
77$47,002,690$0$0$14,894,037
78$51,604,310$0$0$16,360,619
79$56,669,226$0$0$17,975,136
80$62,244,504$0$0$19,752,624
81$68,382,004$0$0$21,709,653
82$75,138,867$0$0$23,864,479
83$82,578,061$0$0$26,237,222
84$90,768,966$0$0$28,850,050
85$99,788,034$0$0$31,727,390
86$109,719,506$0$0$34,896,159
87$120,656,211$0$0$38,386,019
88$132,700,438$0$0$42,229,655
89$145,964,900$0$0$46,463,081
90$160,573,801$0$0$51,125,985
91$176,664,006$0$0$56,262,102
92$194,386,329$0$0$61,919,622
93$213,906,961$0$0$68,151,651
94$235,409,033$0$0$75,016,709
95$259,094,350$0$0$82,579,280
96$285,185,287$0$0$90,910,426
97$313,926,894$0$0$100,088,452
98$345,589,205$0$0$110,199,650
99$380,469,788$0$0$121,339,109
100$418,896,551$0$0$133,611,613