Can I retire at age 30 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$74,404$73,741$73,094$72,463$71,847$69,855
2 years$36,834$36,148$35,483$34,838$34,213$32,221
3 years$24,312$23,623$22,960$22,321$21,706$19,777
4 years$18,052$17,365$16,709$16,081$15,481$13,629
5 years$14,297$13,615$12,967$12,352$11,768$9,998
6 years$11,795$11,117$10,479$9,878$9,312$7,626
7 years$10,008$9,336$8,708$8,121$7,573$5,971
8 years$8,669$8,003$7,385$6,813$6,283$4,763
9 years$7,628$6,968$6,361$5,803$5,291$3,853
10 years$6,795$6,142$5,546$5,002$4,508$3,150
11 years$6,114$5,468$4,882$4,353$3,877$2,597
12 years$5,548$4,908$4,333$3,818$3,360$2,155
13 years$5,068$4,435$3,871$3,371$2,930$1,797
14 years$4,658$4,031$3,478$2,993$2,568$1,506
15 years$4,302$3,683$3,140$2,669$2,261$1,266
16 years$3,992$3,379$2,847$2,390$1,999$1,067
17 years$3,718$3,112$2,591$2,147$1,772$902
18 years$3,475$2,875$2,365$1,935$1,576$764
19 years$3,258$2,665$2,165$1,748$1,404$648
20 years$3,062$2,476$1,987$1,583$1,254$550
21 years$2,886$2,307$1,828$1,437$1,123$468
22 years$2,726$2,153$1,685$1,307$1,006$398
23 years$2,579$2,014$1,555$1,190$903$339
24 years$2,446$1,887$1,438$1,085$812$289
25 years$2,323$1,771$1,332$991$731$247
26 years$2,210$1,664$1,236$906$658$211
27 years$2,105$1,566$1,147$830$593$180
28 years$2,008$1,476$1,067$760$535$154
29 years$1,918$1,392$993$697$483$131
30 years$1,834$1,315$925$640$437$112
31 years$1,756$1,243$862$587$395$96
32 years$1,682$1,176$804$540$357$82
33 years$1,614$1,114$751$496$323$70
34 years$1,549$1,056$702$457$293$60
35 years$1,488$1,001$656$421$265$51
36 years$1,431$950$614$387$240$44
37 years$1,377$903$574$357$218$38
38 years$1,326$858$538$329$197$32
39 years$1,278$816$504$303$179$28
40 years$1,232$776$472$280$162$24
41 years$1,188$739$443$258$147$20
42 years$1,147$704$415$238$134$17
43 years$1,108$670$390$220$121$15
44 years$1,071$639$366$203$110$13
45 years$1,035$609$344$187$100$11
46 years$1,001$581$323$173$91$9
47 years$969$555$303$160$82$8
48 years$938$530$285$148$75$7
49 years$908$506$268$137$68$6
50 years$880$483$252$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $901,000, adding $5,498 every year, while hoping to spend $27,414 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: 46/46/8 Blend
29$901,000$901,000$901,000$901,000
30$998,573$950,820$936,855$1,042,056
31$1,071,259$968,242$939,071$1,090,005
32$1,150,441$985,599$940,443$1,138,699
33$1,236,751$1,002,858$940,913$1,190,887
34$1,330,887$1,019,986$940,421$1,246,901
35$1,433,617$1,036,945$938,904$1,307,107
36$1,545,785$1,053,694$936,297$1,371,909
37$1,668,321$1,070,191$932,529$1,441,751
38$1,802,249$1,086,390$927,528$1,517,125
39$1,948,696$1,102,241$921,218$1,598,571
40$2,108,903$1,117,691$913,519$1,686,687
41$2,284,237$1,132,683$904,347$1,782,131
42$2,476,202$1,147,157$893,616$1,885,630
43$2,686,455$1,161,048$881,232$1,997,983
44$2,916,821$1,174,287$867,101$2,120,076
45$3,169,309$1,186,799$851,121$2,252,883
46$3,446,132$1,198,507$833,187$2,397,479
47$3,749,728$1,209,324$813,190$2,555,050
48$4,082,782$1,219,163$791,014$2,726,905
49$4,448,251$1,227,927$766,538$2,914,486
50$4,849,392$1,235,515$739,636$3,119,385
51$5,289,793$1,241,818$710,177$3,343,359
52$5,773,407$1,246,721$678,022$3,588,343
53$6,304,586$1,250,103$643,028$3,856,474
54$6,888,129$1,251,832$605,044$4,150,109
55$7,529,317$1,251,772$563,913$4,471,845
56$8,233,973$1,249,774$519,469$4,824,550
57$9,008,509$1,245,683$471,541$5,211,385
58$9,859,989$1,239,334$419,950$5,635,837
59$10,796,197$1,230,551$364,508$6,101,750
60$11,825,710$1,219,148$305,019$6,613,368
61$12,957,973$1,204,928$241,279$7,175,366
62$14,203,399$1,187,681$173,074$7,792,904
63$15,573,454$1,167,186$100,181$8,471,669
64$17,080,776$1,143,208$22,367$9,217,936
65$18,739,289$1,115,499$0$10,038,622
66$20,564,332$1,083,794$0$10,946,535
67$22,572,809$1,047,815$0$11,947,282
68$24,783,345$1,007,267$0$13,048,251
69$27,216,460$961,838$0$14,259,694
70$29,894,768$911,197$0$15,592,914
71$32,843,183$854,994$0$17,060,372
72$36,089,160$792,861$0$18,675,808
73$39,662,950$724,407$0$20,454,367
74$43,597,886$649,218$0$22,412,747
75$47,930,699$566,858$0$24,569,358
76$52,701,863$476,866$0$26,944,494
77$57,955,975$378,756$0$29,560,527
78$63,742,181$272,011$0$32,442,122
79$70,114,632$156,088$0$35,616,466
80$77,133,002$30,414$0$39,113,532
81$84,863,046$0$0$42,966,361
82$93,377,223$0$0$47,264,837
83$102,755,377$0$0$52,016,607
84$113,085,494$0$0$57,250,877
85$124,464,529$0$0$63,016,793
86$136,999,321$0$0$69,368,512
87$150,807,603$0$0$76,365,712
88$166,019,112$0$0$84,074,157
89$182,776,812$0$0$92,566,317
90$201,238,246$0$0$101,922,050
91$221,577,020$0$0$112,229,357
92$243,984,442$0$0$123,585,214
93$268,671,327$0$0$136,096,486
94$295,869,989$0$0$149,880,933
95$325,836,432$0$0$165,068,325
96$358,852,765$0$0$181,801,667
97$395,229,866$0$0$200,238,546
98$435,310,316$0$0$220,552,619
99$479,471,632$0$0$242,935,255
100$528,129,832$0$0$267,597,337