Can I retire at age 30 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,486$73,823$73,176$72,544$71,927$71,444
2 years$36,874$36,188$35,522$34,877$34,251$33,763
3 years$24,339$23,649$22,985$22,346$21,730$21,254
4 years$18,072$17,385$16,727$16,099$15,498$15,036
5 years$14,313$13,630$12,981$12,366$11,781$11,336
6 years$11,808$11,130$10,491$9,889$9,322$8,893
7 years$10,019$9,347$8,718$8,130$7,581$7,169
8 years$8,678$8,012$7,393$6,820$6,290$5,894
9 years$7,636$6,976$6,368$5,809$5,297$4,918
10 years$6,803$6,149$5,552$5,008$4,513$4,151
11 years$6,121$5,474$4,888$4,358$3,881$3,535
12 years$5,554$4,913$4,338$3,823$3,364$3,033
13 years$5,074$4,440$3,875$3,375$2,933$2,618
14 years$4,663$4,036$3,482$2,996$2,571$2,272
15 years$4,307$3,687$3,144$2,672$2,264$1,979
16 years$3,996$3,383$2,850$2,392$2,001$1,730
17 years$3,722$3,115$2,594$2,149$1,774$1,518
18 years$3,479$2,879$2,368$1,937$1,577$1,334
19 years$3,261$2,668$2,168$1,750$1,406$1,176
20 years$3,066$2,479$1,989$1,585$1,256$1,039
21 years$2,889$2,309$1,830$1,439$1,124$919
22 years$2,729$2,156$1,686$1,308$1,007$814
23 years$2,582$2,016$1,557$1,191$904$722
24 years$2,448$1,889$1,440$1,087$813$641
25 years$2,325$1,773$1,334$992$731$570
26 years$2,212$1,666$1,237$907$659$507
27 years$2,107$1,568$1,149$830$594$451
28 years$2,010$1,477$1,068$761$536$402
29 years$1,920$1,394$994$698$484$359
30 years$1,836$1,316$926$640$437$320
31 years$1,758$1,244$863$588$395$285
32 years$1,684$1,177$805$541$358$255
33 years$1,615$1,115$752$497$324$228
34 years$1,551$1,057$702$457$293$203
35 years$1,490$1,002$657$421$265$182
36 years$1,433$951$614$388$240$163
37 years$1,379$904$575$357$218$145
38 years$1,327$859$538$329$198$130
39 years$1,279$817$504$304$179$116
40 years$1,233$777$473$280$163$104
41 years$1,190$740$443$258$147$93
42 years$1,148$704$416$238$134$83
43 years$1,109$671$390$220$121$75
44 years$1,072$640$366$203$110$67
45 years$1,036$610$344$188$100$60
46 years$1,002$582$323$173$91$54
47 years$970$555$304$160$82$48
48 years$939$530$285$148$75$43
49 years$909$506$268$137$68$38
50 years$881$484$252$126$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $902,000, adding $4,230 every year, while hoping to spend $59,093 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: 33/44/23 Blend
29$902,000$902,000$902,000$902,000
30$998,367$950,561$936,580$1,024,163
31$1,037,326$934,264$905,081$1,027,552
32$1,078,278$915,188$870,546$1,025,555
33$1,121,365$893,134$832,812$1,022,204
34$1,166,739$867,893$791,706$1,017,415
35$1,214,567$839,241$747,049$1,011,106
36$1,265,032$806,942$698,654$1,003,187
37$1,318,332$770,749$646,325$993,571
38$1,374,682$730,396$589,857$982,166
39$1,434,319$685,605$529,037$968,878
40$1,497,501$636,081$463,642$953,611
41$1,564,510$581,512$393,437$936,269
42$1,635,652$521,569$318,180$916,755
43$1,711,266$455,903$237,616$894,968
44$1,791,718$384,145$151,479$870,811
45$1,877,412$305,908$59,493$844,184
46$1,968,790$220,779$0$814,990
47$2,066,335$128,325$0$792,623
48$2,170,576$28,088$0$783,698
49$2,282,094$0$0$773,585
50$2,401,526$0$0$801,215
51$2,529,570$0$0$845,508
52$2,666,991$0$0$893,139
53$2,814,631$0$0$944,412
54$2,973,412$0$0$999,661
55$3,144,346$0$0$1,059,251
56$3,328,546$0$0$1,123,584
57$3,527,235$0$0$1,193,103
58$3,741,753$0$0$1,268,292
59$3,973,577$0$0$1,349,685
60$4,224,328$0$0$1,437,870
61$4,495,786$0$0$1,533,490
62$4,789,911$0$0$1,637,256
63$5,108,857$0$0$1,749,948
64$5,454,992$0$0$1,872,423
65$5,830,922$0$0$2,005,626
66$6,239,511$0$0$2,150,596
67$6,683,912$0$0$2,308,476
68$7,167,593$0$0$2,480,522
69$7,694,370$0$0$2,668,119
70$8,268,442$0$0$2,872,791
71$8,894,431$0$0$3,096,214
72$9,577,423$0$0$3,340,233
73$10,323,017$0$0$3,606,881
74$11,137,375$0$0$3,898,394
75$12,027,282$0$0$4,217,235
76$13,000,207$0$0$4,566,116
77$14,064,375$0$0$4,948,022
78$15,228,838$0$0$5,366,242
79$16,503,569$0$0$5,824,397
80$17,899,546$0$0$6,326,473
81$19,428,861$0$0$6,876,863
82$21,104,827$0$0$7,480,403
83$22,942,110$0$0$8,142,420
84$24,956,861$0$0$8,868,782
85$27,166,867$0$0$9,665,952
86$29,591,723$0$0$10,541,048
87$32,253,011$0$0$11,501,913
88$35,174,502$0$0$12,557,185
89$38,382,383$0$0$13,716,380
90$41,905,500$0$0$14,989,982
91$45,775,631$0$0$16,389,538
92$50,027,783$0$0$17,927,773
93$54,700,519$0$0$19,618,703
94$59,836,326$0$0$21,477,769
95$65,482,011$0$0$23,521,986
96$71,689,141$0$0$25,770,098
97$78,514,529$0$0$28,242,757
98$86,020,769$0$0$30,962,716
99$94,276,824$0$0$33,955,046
100$103,358,679$0$0$37,247,369