Can I retire at age 30 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$82,084$81,352$80,639$79,943$79,263$76,178
2 years$40,635$39,879$39,145$38,434$37,744$34,674
3 years$26,821$26,061$25,330$24,625$23,947$20,987
4 years$19,915$19,158$18,433$17,741$17,079$14,253
5 years$15,773$15,020$14,305$13,627$12,983$10,297
6 years$13,012$12,265$11,561$10,897$10,273$7,730
7 years$11,041$10,300$9,607$8,959$8,355$5,953
8 years$9,564$8,829$8,147$7,516$6,931$4,668
9 years$8,415$7,687$7,017$6,402$5,837$3,710
10 years$7,496$6,776$6,118$5,518$4,973$2,978
11 years$6,745$6,032$5,386$4,803$4,277$2,410
12 years$6,120$5,414$4,780$4,213$3,707$1,961
13 years$5,591$4,893$4,271$3,719$3,232$1,604
14 years$5,139$4,447$3,837$3,301$2,833$1,317
15 years$4,747$4,063$3,464$2,944$2,495$1,084
16 years$4,404$3,728$3,141$2,636$2,205$895
17 years$4,102$3,433$2,858$2,369$1,955$741
18 years$3,833$3,172$2,609$2,135$1,738$614
19 years$3,594$2,940$2,389$1,929$1,549$509
20 years$3,378$2,732$2,192$1,747$1,384$423
21 years$3,184$2,545$2,016$1,585$1,238$352
22 years$3,007$2,375$1,858$1,442$1,110$293
23 years$2,846$2,222$1,716$1,313$996$244
24 years$2,698$2,082$1,587$1,197$896$203
25 years$2,563$1,953$1,470$1,094$806$169
26 years$2,438$1,836$1,363$1,000$726$141
27 years$2,322$1,728$1,266$915$655$118
28 years$2,215$1,628$1,177$839$591$98
29 years$2,116$1,536$1,095$769$533$82
30 years$2,023$1,451$1,020$706$482$68
31 years$1,937$1,371$951$648$436$57
32 years$1,856$1,297$887$596$394$48
33 years$1,780$1,229$828$548$357$40
34 years$1,709$1,165$774$504$323$33
35 years$1,642$1,105$724$464$292$28
36 years$1,579$1,048$677$427$265$23
37 years$1,519$996$634$394$240$19
38 years$1,463$946$593$363$218$16
39 years$1,409$900$556$335$197$14
40 years$1,359$856$521$309$179$11
41 years$1,311$815$489$285$162$9
42 years$1,266$776$458$263$147$8
43 years$1,222$739$430$243$134$7
44 years$1,181$705$404$224$121$5
45 years$1,142$672$379$207$110$5
46 years$1,104$641$356$191$100$4
47 years$1,069$612$334$177$91$3
48 years$1,034$584$314$163$83$3
49 years$1,002$558$295$151$75$2
50 years$970$533$278$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $994,000, adding $2,139 every year, while hoping to spend $26,710 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: 76/9/15 Blend
29$994,000$994,000$994,000$994,000
30$1,097,594$1,044,912$1,029,505$1,177,315
31$1,181,130$1,067,694$1,035,575$1,253,032
32$1,272,291$1,090,696$1,040,952$1,332,464
33$1,371,826$1,113,903$1,045,586$1,418,817
34$1,480,562$1,137,294$1,049,423$1,512,771
35$1,599,407$1,160,848$1,052,406$1,615,078
36$1,729,360$1,184,543$1,054,475$1,726,562
37$1,871,523$1,208,354$1,055,568$1,848,135
38$2,027,109$1,232,254$1,055,620$1,980,799
39$2,197,451$1,256,212$1,054,561$2,125,659
40$2,384,022$1,280,197$1,052,319$2,283,932
41$2,588,439$1,304,174$1,048,819$2,456,960
42$2,812,486$1,328,105$1,043,981$2,646,219
43$3,058,127$1,351,949$1,037,721$2,853,338
44$3,327,525$1,375,663$1,029,953$3,080,111
45$3,623,061$1,399,199$1,020,585$3,328,515
46$3,947,359$1,422,506$1,009,521$3,600,727
47$4,303,311$1,445,530$996,661$3,899,148
48$4,694,100$1,468,212$981,900$4,226,422
49$5,123,232$1,490,488$965,128$4,585,464
50$5,594,571$1,512,292$946,230$4,979,485
51$6,112,373$1,533,550$925,084$5,412,024
52$6,681,327$1,554,185$901,566$5,886,980
53$7,306,596$1,574,114$875,542$6,408,653
54$7,993,872$1,593,249$846,876$6,981,777
55$8,749,423$1,611,495$815,423$7,611,571
56$9,580,156$1,628,749$781,031$8,303,788
57$10,493,680$1,644,906$743,544$9,064,765
58$11,498,379$1,659,849$702,795$9,901,488
59$12,603,488$1,673,457$658,614$10,821,655
60$13,819,185$1,685,598$610,818$11,833,748
61$15,156,683$1,696,133$559,222$12,947,116
62$16,628,335$1,704,914$503,627$14,172,062
63$18,247,755$1,711,785$443,828$15,519,941
64$20,029,941$1,716,576$379,610$17,003,264
65$21,991,418$1,719,112$310,751$18,635,821
66$24,150,396$1,719,202$237,014$20,432,810
67$26,526,939$1,716,646$158,157$22,410,977
68$29,143,156$1,711,230$73,924$24,588,779
69$32,023,407$1,702,729$0$26,986,556
70$35,194,534$1,690,903$0$29,629,280
71$38,686,115$1,675,496$0$32,551,890
72$42,530,743$1,656,239$0$35,769,814
73$46,764,329$1,632,846$0$39,313,101
74$51,426,449$1,605,013$0$43,214,868
75$56,560,707$1,572,419$0$47,511,603
76$62,215,156$1,534,724$0$52,243,520
77$68,442,744$1,491,568$0$57,454,929
78$75,301,817$1,442,568$0$63,194,661
79$82,856,671$1,387,322$0$69,516,524
80$91,178,153$1,325,402$0$76,479,816
81$100,344,334$1,256,357$0$84,149,878
82$110,441,245$1,179,707$0$92,598,719
83$121,563,687$1,094,948$0$101,905,689
84$133,816,127$1,001,545$0$112,158,229
85$147,313,684$898,932$0$123,452,700
86$162,183,214$786,514$0$135,895,290
87$178,564,507$663,658$0$149,603,016
88$196,611,608$529,699$0$164,704,831
89$216,494,270$383,931$0$181,342,839
90$238,399,553$225,612$0$199,673,636
91$262,533,596$53,955$0$219,869,794
92$289,123,556$0$0$242,121,482
93$318,419,754$0$0$266,651,326
94$350,698,042$0$0$293,684,042
95$386,262,398$0$0$323,468,876
96$425,447,803$0$0$356,286,377
97$468,623,398$0$0$392,445,710
98$516,195,972$0$0$432,287,565
99$568,613,797$0$0$476,187,380
100$626,370,864$0$0$524,558,881