Can I retire at age 30 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$82,414$81,680$80,964$80,265$79,582$77,595
2 years$40,799$40,039$39,303$38,589$37,896$35,907
3 years$26,929$26,166$25,431$24,724$24,043$22,114
4 years$19,996$19,235$18,508$17,812$17,148$15,293
5 years$15,837$15,080$14,363$13,682$13,035$11,261
6 years$13,065$12,314$11,607$10,941$10,314$8,622
7 years$11,086$10,341$9,646$8,995$8,388$6,777
8 years$9,602$8,865$8,180$7,546$6,959$5,429
9 years$8,449$7,718$7,046$6,428$5,860$4,410
10 years$7,527$6,803$6,143$5,541$4,993$3,622
11 years$6,773$6,056$5,408$4,822$4,294$2,999
12 years$6,145$5,436$4,799$4,230$3,722$2,500
13 years$5,614$4,913$4,288$3,734$3,245$2,095
14 years$5,159$4,465$3,853$3,315$2,845$1,763
15 years$4,766$4,079$3,478$2,956$2,505$1,490
16 years$4,422$3,743$3,154$2,647$2,214$1,262
17 years$4,118$3,447$2,870$2,378$1,963$1,072
18 years$3,849$3,185$2,620$2,143$1,745$913
19 years$3,608$2,952$2,398$1,937$1,556$778
20 years$3,392$2,743$2,201$1,754$1,389$665
21 years$3,196$2,555$2,024$1,592$1,243$568
22 years$3,019$2,385$1,866$1,447$1,115$486
23 years$2,857$2,231$1,723$1,318$1,000$417
24 years$2,709$2,090$1,593$1,202$899$357
25 years$2,573$1,961$1,476$1,098$809$306
26 years$2,448$1,843$1,369$1,004$729$263
27 years$2,332$1,735$1,271$919$657$226
28 years$2,224$1,635$1,181$842$593$194
29 years$2,124$1,542$1,099$772$535$167
30 years$2,031$1,456$1,024$709$484$143
31 years$1,945$1,377$955$651$437$123
32 years$1,863$1,303$891$598$396$106
33 years$1,787$1,234$832$550$358$91
34 years$1,716$1,169$777$506$324$79
35 years$1,648$1,109$727$466$294$68
36 years$1,585$1,053$680$429$266$58
37 years$1,525$1,000$636$395$241$50
38 years$1,469$950$596$364$219$43
39 years$1,415$903$558$336$198$37
40 years$1,364$860$523$310$180$32
41 years$1,316$818$491$286$163$28
42 years$1,271$779$460$264$148$24
43 years$1,227$742$432$244$134$20
44 years$1,186$708$405$225$122$18
45 years$1,146$675$381$208$111$15
46 years$1,109$644$357$192$101$13
47 years$1,073$614$336$177$91$11
48 years$1,039$587$316$164$83$10
49 years$1,006$560$297$151$75$8
50 years$974$535$279$140$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $998,000, adding $6,349 every year, while hoping to spend $48,710 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: 59/18/23 Blend
29$998,000$998,000$998,000$998,000
30$1,106,345$1,053,451$1,037,982$1,164,467
31$1,167,365$1,053,243$1,020,927$1,204,526
32$1,232,977$1,051,392$1,001,669$1,242,383
33$1,303,597$1,047,767$980,081$1,282,612
34$1,379,683$1,042,227$956,033$1,325,453
35$1,461,738$1,034,624$929,388$1,371,171
36$1,550,315$1,024,800$900,002$1,420,064
37$1,646,020$1,012,588$867,725$1,472,457
38$1,749,521$997,811$832,400$1,528,715
39$1,861,550$980,282$793,864$1,589,240
40$1,982,914$959,802$751,944$1,654,478
41$2,114,500$936,160$706,462$1,724,922
42$2,257,280$909,134$657,230$1,801,120
43$2,412,328$878,486$604,053$1,883,677
44$2,580,822$843,969$546,725$1,973,266
45$2,764,059$805,317$485,034$2,070,628
46$2,963,466$762,251$418,756$2,176,585
47$3,180,614$714,474$347,658$2,292,048
48$3,417,228$661,676$271,496$2,418,022
49$3,675,212$603,524$190,018$2,555,622
50$3,956,656$539,670$102,956$2,706,079
51$4,263,866$469,744$10,036$2,870,755
52$4,599,374$393,356$0$3,051,156
53$4,965,974$310,093$0$3,270,820
54$5,366,736$219,521$0$3,513,766
55$5,805,045$121,179$0$3,779,640
56$6,284,625$14,582$0$4,070,773
57$6,809,577$0$0$4,389,732
58$7,384,417$0$0$4,759,314
59$8,014,120$0$0$5,167,415
60$8,704,161$0$0$5,614,705
61$9,460,574$0$0$6,105,106
62$10,290,002$0$0$6,642,935
63$11,199,761$0$0$7,232,949
64$12,197,912$0$0$7,880,385
65$13,293,330$0$0$8,591,015
66$14,495,795$0$0$9,371,195
67$15,816,078$0$0$10,227,925
68$17,266,044$0$0$11,168,920
69$18,858,763$0$0$12,202,674
70$20,608,634$0$0$13,338,550
71$22,531,519$0$0$14,586,857
72$24,644,895$0$0$15,958,957
73$26,968,012$0$0$17,467,364
74$29,522,081$0$0$19,125,868
75$32,330,470$0$0$20,949,660
76$35,418,925$0$0$22,955,476
77$38,815,811$0$0$25,161,757
78$42,552,380$0$0$27,588,821
79$46,663,065$0$0$30,259,053
80$51,185,807$0$0$33,197,119
81$56,162,406$0$0$36,430,193
82$61,638,921$0$0$39,988,221
83$67,666,101$0$0$43,904,196
84$74,299,863$0$0$48,214,471
85$81,601,822$0$0$52,959,103
86$89,639,867$0$0$58,182,231
87$98,488,804$0$0$63,932,488
88$108,231,061$0$0$70,263,466
89$118,957,465$0$0$77,234,214
90$130,768,098$0$0$84,909,800
91$143,773,239$0$0$93,361,923
92$158,094,410$0$0$102,669,590
93$173,865,513$0$0$112,919,858
94$191,234,101$0$0$124,208,660
95$210,362,765$0$0$136,641,706
96$231,430,671$0$0$150,335,480
97$254,635,247$0$0$165,418,344
98$280,194,047$0$0$182,031,742
99$308,346,804$0$0$200,331,540
100$339,357,691$0$0$220,489,492