Can I retire at age 30 with 903,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$74,569$73,905$73,257$72,624$72,006$69,259
2 years$36,915$36,228$35,561$34,915$34,289$31,553
3 years$24,366$23,675$23,011$22,371$21,754$19,116
4 years$18,092$17,404$16,746$16,117$15,515$12,995
5 years$14,329$13,645$12,995$12,379$11,794$9,399
6 years$11,821$11,142$10,502$9,900$9,333$7,063
7 years$10,030$9,357$8,727$8,139$7,590$5,446
8 years$8,688$8,021$7,402$6,828$6,297$4,276
9 years$7,644$6,983$6,375$5,816$5,303$3,402
10 years$6,810$6,156$5,558$5,013$4,518$2,735
11 years$6,128$5,480$4,893$4,363$3,886$2,215
12 years$5,560$4,919$4,342$3,827$3,367$1,805
13 years$5,080$4,445$3,880$3,379$2,936$1,479
14 years$4,668$4,040$3,486$2,999$2,574$1,216
15 years$4,312$3,691$3,147$2,675$2,266$1,003
16 years$4,001$3,386$2,854$2,395$2,003$829
17 years$3,726$3,119$2,597$2,152$1,776$687
18 years$3,483$2,882$2,370$1,939$1,579$570
19 years$3,265$2,671$2,170$1,752$1,408$474
20 years$3,069$2,482$1,991$1,587$1,257$394
21 years$2,892$2,312$1,832$1,440$1,125$328
22 years$2,732$2,158$1,688$1,310$1,008$274
23 years$2,585$2,018$1,559$1,193$905$228
24 years$2,451$1,891$1,442$1,088$814$190
25 years$2,328$1,775$1,335$993$732$159
26 years$2,215$1,668$1,238$908$660$133
27 years$2,110$1,570$1,150$831$595$111
28 years$2,013$1,479$1,069$762$537$93
29 years$1,922$1,395$995$699$484$78
30 years$1,838$1,318$927$641$438$65
31 years$1,760$1,246$864$589$396$54
32 years$1,686$1,179$806$541$358$45
33 years$1,617$1,116$753$498$324$38
34 years$1,552$1,058$703$458$293$32
35 years$1,492$1,003$657$421$266$27
36 years$1,434$952$615$388$241$22
37 years$1,380$905$576$358$218$19
38 years$1,329$860$539$330$198$16
39 years$1,280$817$505$304$179$13
40 years$1,235$778$473$280$163$11
41 years$1,191$740$444$259$148$9
42 years$1,150$705$416$239$134$8
43 years$1,110$672$391$220$122$6
44 years$1,073$640$367$203$110$5
45 years$1,037$611$344$188$100$4
46 years$1,003$583$323$174$91$4
47 years$971$556$304$160$83$3
48 years$940$531$286$148$75$3
49 years$910$507$268$137$68$2
50 years$882$484$252$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $903,000, adding $3,983 every year, while hoping to spend $44,633 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: 49/21/30 Blend
29$903,000$903,000$903,000$903,000
30$999,214$951,355$937,359$1,039,469
31$1,053,645$950,483$921,271$1,067,309
32$1,112,132$948,071$903,149$1,092,846
33$1,175,041$943,999$882,876$1,119,741
34$1,242,776$938,135$860,333$1,148,147
35$1,315,777$930,342$835,392$1,178,232
36$1,394,532$920,474$807,923$1,210,187
37$1,479,572$908,375$777,787$1,244,220
38$1,571,485$893,882$744,839$1,280,570
39$1,670,914$876,820$708,929$1,319,498
40$1,778,568$857,004$669,898$1,361,297
41$1,895,224$834,241$627,583$1,406,294
42$2,021,740$808,322$581,810$1,454,852
43$2,159,057$779,028$532,400$1,507,375
44$2,308,209$746,129$479,164$1,564,314
45$2,470,337$709,380$421,906$1,626,169
46$2,646,692$668,520$360,420$1,693,495
47$2,838,653$623,276$294,493$1,766,910
48$3,047,737$573,358$223,900$1,847,100
49$3,275,613$518,460$148,408$1,934,827
50$3,524,119$458,257$67,772$2,030,936
51$3,795,275$392,408$0$2,136,364
52$4,091,308$320,551$0$2,258,003
53$4,414,667$242,303$0$2,414,685
54$4,768,049$157,262$0$2,586,061
55$5,154,423$65,001$0$2,773,639
56$5,577,058$0$0$2,979,085
57$6,039,554$0$0$3,212,309
58$6,545,874$0$0$3,484,170
59$7,100,383$0$0$3,782,004
60$7,707,887$0$0$4,108,404
61$8,373,679$0$0$4,466,227
62$9,103,588$0$0$4,858,619
63$9,904,036$0$0$5,289,045
64$10,782,094$0$0$5,761,322
65$11,745,551$0$0$6,279,655
66$12,802,987$0$0$6,848,673
67$13,963,852$0$0$7,473,480
68$15,238,557$0$0$8,159,693
69$16,638,568$0$0$8,913,503
70$18,176,520$0$0$9,741,730
71$19,866,329$0$0$10,651,887
72$21,723,326$0$0$11,652,248
73$23,764,401$0$0$12,751,934
74$26,008,163$0$0$13,960,989
75$28,475,112$0$0$15,290,481
76$31,187,835$0$0$16,752,603
77$34,171,215$0$0$18,360,791
78$37,452,671$0$0$20,129,845
79$41,062,408$0$0$22,076,075
80$45,033,710$0$0$24,217,449
81$49,403,248$0$0$26,573,767
82$54,211,425$0$0$29,166,842
83$59,502,761$0$0$32,020,711
84$65,326,310$0$0$35,161,859
85$71,736,120$0$0$38,619,467
86$78,791,746$0$0$42,425,691
87$86,558,809$0$0$46,615,961
88$95,109,618$0$0$51,229,319
89$104,523,847$0$0$56,308,783
90$114,889,288$0$0$61,901,756
91$126,302,680$0$0$68,060,470
92$138,870,621$0$0$74,842,482
93$152,710,571$0$0$82,311,215
94$167,951,963$0$0$90,536,555
95$184,737,423$0$0$99,595,512
96$203,224,111$0$0$109,572,945
97$223,585,211$0$0$120,562,365
98$246,011,558$0$0$132,666,815
99$270,713,444$0$0$145,999,843
100$297,922,596$0$0$160,686,571