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%14.5%
1 years$74,404$73,741$73,094$72,463$71,847$70,512
2 years$36,834$36,148$35,483$34,838$34,213$32,873
3 years$24,312$23,623$22,960$22,321$21,706$20,403
4 years$18,052$17,365$16,709$16,081$15,481$14,224
5 years$14,297$13,615$12,967$12,352$11,768$10,562
6 years$11,795$11,117$10,479$9,878$9,312$8,157
7 years$10,008$9,336$8,708$8,121$7,573$6,471
8 years$8,669$8,003$7,385$6,813$6,283$5,232
9 years$7,628$6,968$6,361$5,803$5,291$4,291
10 years$6,795$6,142$5,546$5,002$4,508$3,559
11 years$6,114$5,468$4,882$4,353$3,877$2,977
12 years$5,548$4,908$4,333$3,818$3,360$2,507
13 years$5,068$4,435$3,871$3,371$2,930$2,124
14 years$4,658$4,031$3,478$2,993$2,568$1,807
15 years$4,302$3,683$3,140$2,669$2,261$1,544
16 years$3,992$3,379$2,847$2,390$1,999$1,323
17 years$3,718$3,112$2,591$2,147$1,772$1,137
18 years$3,475$2,875$2,365$1,935$1,576$979
19 years$3,258$2,665$2,165$1,748$1,404$845
20 years$3,062$2,476$1,987$1,583$1,254$730
21 years$2,886$2,307$1,828$1,437$1,123$632
22 years$2,726$2,153$1,685$1,307$1,006$548
23 years$2,579$2,014$1,555$1,190$903$475
24 years$2,446$1,887$1,438$1,085$812$413
25 years$2,323$1,771$1,332$991$731$358
26 years$2,210$1,664$1,236$906$658$312
27 years$2,105$1,566$1,147$830$593$271
28 years$2,008$1,476$1,067$760$535$236
29 years$1,918$1,392$993$697$483$206
30 years$1,834$1,315$925$640$437$179
31 years$1,756$1,243$862$587$395$156
32 years$1,682$1,176$804$540$357$136
33 years$1,614$1,114$751$496$323$119
34 years$1,549$1,056$702$457$293$103
35 years$1,488$1,001$656$421$265$90
36 years$1,431$950$614$387$240$79
37 years$1,377$903$574$357$218$69
38 years$1,326$858$538$329$197$60
39 years$1,278$816$504$303$179$52
40 years$1,232$776$472$280$162$46
41 years$1,188$739$443$258$147$40
42 years$1,147$704$415$238$134$35
43 years$1,108$670$390$220$121$30
44 years$1,071$639$366$203$110$27
45 years$1,035$609$344$187$100$23
46 years$1,001$581$323$173$91$20
47 years$969$555$303$160$82$18
48 years$938$530$285$148$75$15
49 years$908$506$268$137$68$13
50 years$880$483$252$126$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $901,000, adding $6,269 every year, while hoping to spend $26,043 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: 24/46/30 Blend
29$901,000$901,000$901,000$901,000
30$999,368$951,615$937,650$1,013,855
31$1,073,595$970,535$941,352$1,045,714
32$1,154,519$989,509$944,305$1,077,238
33$1,242,797$1,008,512$946,456$1,110,474
34$1,339,151$1,027,518$947,751$1,145,583
35$1,444,375$1,046,497$948,131$1,182,743
36$1,559,343$1,065,417$947,536$1,222,152
37$1,685,020$1,084,246$945,902$1,264,028
38$1,822,463$1,102,946$943,161$1,308,613
39$1,972,842$1,121,478$939,244$1,356,174
40$2,137,441$1,139,799$934,078$1,407,010
41$2,317,674$1,157,864$927,584$1,461,448
42$2,515,102$1,175,624$919,683$1,519,851
43$2,731,439$1,193,026$910,289$1,582,623
44$2,968,576$1,210,015$899,314$1,650,208
45$3,228,595$1,226,530$886,665$1,723,100
46$3,513,788$1,242,506$872,245$1,801,843
47$3,826,682$1,257,876$855,952$1,887,042
48$4,170,056$1,272,565$837,680$1,979,362
49$4,546,976$1,286,495$817,316$2,079,542
50$4,960,817$1,299,582$794,745$2,188,399
51$5,415,296$1,311,737$769,845$2,306,834
52$5,914,508$1,322,865$742,487$2,435,845
53$6,462,966$1,332,863$712,539$2,576,536
54$7,065,640$1,341,625$679,860$2,730,126
55$7,728,006$1,349,035$644,306$2,897,962
56$8,456,095$1,354,970$605,723$3,081,533
57$9,256,554$1,359,301$563,952$3,282,486
58$10,136,705$1,361,889$518,827$3,502,637
59$11,104,615$1,362,588$470,173$3,743,997
60$12,169,172$1,361,241$417,810$4,008,785
61$13,340,167$1,357,682$361,547$4,299,450
62$14,628,391$1,351,735$301,186$4,618,702
63$16,045,732$1,343,214$236,520$4,969,529
64$17,605,286$1,331,921$167,332$5,355,233
65$19,321,485$1,317,646$93,398$5,779,461
66$21,210,232$1,300,165$14,482$6,246,236
67$23,289,046$1,279,244$0$6,760,004
68$25,577,233$1,254,632$0$7,347,992
69$28,096,066$1,226,063$0$7,999,692
70$30,868,983$1,193,259$0$8,716,526
71$33,921,812$1,155,921$0$9,505,182
72$37,283,011$1,113,736$0$10,373,032
73$40,983,940$1,066,371$0$11,328,211
74$45,059,152$1,013,474$0$12,379,686
75$49,546,724$954,672$0$13,537,347
76$54,488,612$889,573$0$14,812,100
77$59,931,049$817,760$0$16,215,971
78$65,924,978$738,793$0$17,762,221
79$72,526,539$652,207$0$19,465,472
80$79,797,591$557,510$0$21,341,847
81$87,806,301$454,184$0$23,409,122
82$96,627,784$341,679$0$25,686,898
83$106,344,813$219,416$0$28,196,788
84$117,048,600$86,784$0$30,962,618
85$128,839,658$0$0$34,010,658
86$141,828,744$0$0$37,398,656
87$156,137,911$0$0$41,179,610
88$171,901,657$0$0$45,345,160
89$189,268,191$0$0$49,934,500
90$208,400,838$0$0$54,990,823
91$229,479,575$0$0$60,561,726
92$252,702,731$0$0$66,699,659
93$278,288,860$0$0$73,462,421
94$306,478,804$0$0$80,913,705
95$337,537,963$0$0$89,123,702
96$371,758,803$0$0$98,169,757
97$409,463,617$0$0$108,137,106
98$451,007,561$0$0$119,119,677
99$496,782,016$0$0$131,220,976
100$547,218,273$0$0$144,555,068