Can I retire at age 30 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$82,331$81,598$80,882$80,184$79,502$78,902
2 years$40,758$39,999$39,263$38,550$37,858$37,253
3 years$26,902$26,140$25,406$24,699$24,019$23,427
4 years$19,976$19,216$18,489$17,795$17,130$16,557
5 years$15,821$15,065$14,348$13,668$13,022$12,469
6 years$13,052$12,302$11,596$10,930$10,304$9,772
7 years$11,075$10,331$9,636$8,986$8,380$7,869
8 years$9,592$8,856$8,172$7,538$6,952$6,462
9 years$8,440$7,710$7,039$6,421$5,855$5,385
10 years$7,519$6,796$6,136$5,535$4,988$4,540
11 years$6,766$6,050$5,402$4,817$4,290$3,862
12 years$6,139$5,431$4,794$4,225$3,718$3,309
13 years$5,608$4,908$4,284$3,730$3,242$2,853
14 years$5,154$4,461$3,849$3,311$2,842$2,472
15 years$4,761$4,075$3,475$2,953$2,502$2,151
16 years$4,417$3,739$3,151$2,644$2,211$1,878
17 years$4,114$3,443$2,867$2,376$1,961$1,645
18 years$3,845$3,182$2,617$2,141$1,744$1,444
19 years$3,605$2,949$2,396$1,935$1,554$1,271
20 years$3,388$2,740$2,199$1,752$1,388$1,121
21 years$3,193$2,552$2,022$1,590$1,242$990
22 years$3,016$2,383$1,864$1,446$1,113$876
23 years$2,854$2,228$1,721$1,317$999$775
24 years$2,706$2,088$1,592$1,201$898$688
25 years$2,570$1,959$1,474$1,097$808$610
26 years$2,445$1,841$1,367$1,003$728$542
27 years$2,329$1,733$1,270$918$657$482
28 years$2,222$1,633$1,180$841$592$429
29 years$2,122$1,541$1,098$771$535$382
30 years$2,029$1,455$1,023$708$483$340
31 years$1,943$1,375$954$650$437$303
32 years$1,862$1,301$890$597$395$270
33 years$1,785$1,232$831$549$358$241
34 years$1,714$1,168$776$505$324$215
35 years$1,647$1,108$726$465$293$192
36 years$1,583$1,052$679$429$266$171
37 years$1,524$999$636$395$241$153
38 years$1,467$949$595$364$218$136
39 years$1,414$903$558$336$198$122
40 years$1,363$859$523$310$180$109
41 years$1,315$817$490$286$163$97
42 years$1,269$778$460$264$148$87
43 years$1,226$742$431$243$134$78
44 years$1,185$707$405$225$122$69
45 years$1,145$674$380$207$111$62
46 years$1,108$643$357$192$100$55
47 years$1,072$614$335$177$91$49
48 years$1,038$586$315$164$83$44
49 years$1,005$560$296$151$75$40
50 years$973$534$279$140$68$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $997,000, adding $3,020 every year, while hoping to spend $59,994 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: 50/20/30 Blend
29$997,000$997,000$997,000$997,000
30$1,101,809$1,048,968$1,033,515$1,147,391
31$1,150,361$1,036,534$1,004,304$1,167,221
32$1,201,853$1,021,481$972,105$1,182,594
33$1,256,524$1,003,615$936,752$1,198,155
34$1,314,633$982,735$898,076$1,213,952
35$1,376,461$958,625$855,897$1,230,040
36$1,442,319$931,057$810,029$1,246,484
37$1,512,547$899,790$760,277$1,263,361
38$1,587,517$864,569$706,435$1,280,758
39$1,667,635$825,124$648,292$1,298,777
40$1,753,347$781,170$585,624$1,317,535
41$1,845,145$732,403$518,199$1,337,168
42$1,943,564$678,505$445,772$1,357,827
43$2,049,193$619,138$368,092$1,379,689
44$2,162,680$553,944$284,891$1,402,953
45$2,284,732$482,547$195,894$1,427,844
46$2,416,130$404,547$100,812$1,454,620
47$2,557,729$319,523$0$1,483,569
48$2,710,468$227,030$0$1,515,230
49$2,875,380$126,599$0$1,584,211
50$3,053,599$17,732$0$1,658,729
51$3,246,371$0$0$1,739,359
52$3,455,068$0$0$1,848,770
53$3,681,195$0$0$1,971,634
54$3,926,408$0$0$2,104,961
55$4,192,530$0$0$2,249,751
56$4,481,564$0$0$2,407,108
57$4,795,713$0$0$2,578,244
58$5,137,402$0$0$2,764,492
59$5,509,297$0$0$2,967,321
60$5,914,334$0$0$3,188,345
61$6,355,742$0$0$3,429,342
62$6,837,076$0$0$3,692,267
63$7,362,246$0$0$3,979,275
64$7,935,559$0$0$4,292,735
65$8,561,755$0$0$4,635,256
66$9,246,050$0$0$5,009,711
67$9,994,191$0$0$5,419,263
68$10,812,500$0$0$5,867,394
69$11,707,942$0$0$6,357,939
70$12,688,186$0$0$6,895,119
71$13,761,674$0$0$7,483,585
72$14,937,706$0$0$8,128,457
73$16,226,521$0$0$8,835,375
74$17,639,399$0$0$9,610,549
75$19,188,760$0$0$10,460,821
76$20,888,286$0$0$11,393,726
77$22,753,045$0$0$12,417,562
78$24,799,634$0$0$13,541,473
79$27,046,338$0$0$14,775,529
80$29,513,296$0$0$16,130,822
81$32,222,693$0$0$17,619,573
82$35,198,968$0$0$19,255,244
83$38,469,045$0$0$21,052,665
84$42,062,582$0$0$23,028,175
85$46,012,255$0$0$25,199,774
86$50,354,063$0$0$27,587,291
87$55,127,664$0$0$30,212,575
88$60,376,754$0$0$33,099,696
89$66,149,473$0$0$36,275,175
90$72,498,858$0$0$39,768,231
91$79,483,348$0$0$43,611,058
92$87,167,329$0$0$47,839,127
93$95,621,742$0$0$52,491,521
94$104,924,749$0$0$57,611,303
95$115,162,476$0$0$63,245,920
96$126,429,816$0$0$69,447,653
97$138,831,329$0$0$76,274,109
98$152,482,224$0$0$83,788,761
99$167,509,449$0$0$92,061,550
100$184,052,884$0$0$101,169,543