Can I retire at age 30 with 903,000?

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 $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%12.2%
1 years$74,569$73,905$73,257$72,624$72,006$71,344
2 years$36,915$36,228$35,561$34,915$34,289$33,621
3 years$24,366$23,675$23,011$22,371$21,754$21,102
4 years$18,092$17,404$16,746$16,117$15,515$14,884
5 years$14,329$13,645$12,995$12,379$11,794$11,186
6 years$11,821$11,142$10,502$9,900$9,333$8,747
7 years$10,030$9,357$8,727$8,139$7,590$7,028
8 years$8,688$8,021$7,402$6,828$6,297$5,758
9 years$7,644$6,983$6,375$5,816$5,303$4,788
10 years$6,810$6,156$5,558$5,013$4,518$4,026
11 years$6,128$5,480$4,893$4,363$3,886$3,417
12 years$5,560$4,919$4,342$3,827$3,367$2,920
13 years$5,080$4,445$3,880$3,379$2,936$2,511
14 years$4,668$4,040$3,486$2,999$2,574$2,170
15 years$4,312$3,691$3,147$2,675$2,266$1,883
16 years$4,001$3,386$2,854$2,395$2,003$1,640
17 years$3,726$3,119$2,597$2,152$1,776$1,432
18 years$3,483$2,882$2,370$1,939$1,579$1,254
19 years$3,265$2,671$2,170$1,752$1,408$1,100
20 years$3,069$2,482$1,991$1,587$1,257$967
21 years$2,892$2,312$1,832$1,440$1,125$852
22 years$2,732$2,158$1,688$1,310$1,008$751
23 years$2,585$2,018$1,559$1,193$905$663
24 years$2,451$1,891$1,442$1,088$814$586
25 years$2,328$1,775$1,335$993$732$519
26 years$2,215$1,668$1,238$908$660$459
27 years$2,110$1,570$1,150$831$595$407
28 years$2,013$1,479$1,069$762$537$361
29 years$1,922$1,395$995$699$484$320
30 years$1,838$1,318$927$641$438$284
31 years$1,760$1,246$864$589$396$253
32 years$1,686$1,179$806$541$358$224
33 years$1,617$1,116$753$498$324$199
34 years$1,552$1,058$703$458$293$177
35 years$1,492$1,003$657$421$266$158
36 years$1,434$952$615$388$241$140
37 years$1,380$905$576$358$218$125
38 years$1,329$860$539$330$198$111
39 years$1,280$817$505$304$179$99
40 years$1,235$778$473$280$163$88
41 years$1,191$740$444$259$148$78
42 years$1,150$705$416$239$134$70
43 years$1,110$672$391$220$122$62
44 years$1,073$640$367$203$110$55
45 years$1,037$611$344$188$100$49
46 years$1,003$583$323$174$91$44
47 years$971$556$304$160$83$39
48 years$940$531$286$148$75$35
49 years$910$507$268$137$68$31
50 years$882$484$252$127$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $903,000, adding $6,401 every year, while hoping to spend $26,730 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: 71/15/14 Blend
29$903,000$903,000$903,000$903,000
30$1,001,709$953,850$939,853$1,069,275
31$1,075,442$972,148$942,898$1,133,245
32$1,155,801$990,447$945,148$1,199,400
33$1,243,432$1,008,718$946,550$1,271,120
34$1,339,049$1,026,931$947,046$1,348,951
35$1,443,435$1,045,054$946,575$1,433,491
36$1,557,454$1,063,051$945,074$1,525,402
37$1,682,057$1,080,883$942,477$1,625,412
38$1,818,291$1,098,510$938,714$1,734,324
39$1,967,307$1,115,887$933,711$1,853,022
40$2,130,374$1,132,968$927,393$1,982,480
41$2,308,891$1,149,702$919,679$2,123,772
42$2,504,394$1,166,033$910,484$2,278,080
43$2,718,578$1,181,905$899,722$2,446,709
44$2,953,310$1,197,255$887,299$2,631,095
45$3,210,643$1,212,017$873,119$2,832,822
46$3,492,841$1,226,118$857,081$3,053,635
47$3,802,397$1,239,484$839,080$3,295,457
48$4,142,057$1,252,033$819,004$3,560,407
49$4,514,843$1,263,680$796,737$3,850,822
50$4,924,089$1,274,332$772,159$4,169,275
51$5,373,462$1,283,890$745,143$4,518,606
52$5,867,006$1,292,251$715,555$4,901,939
53$6,409,172$1,299,304$683,259$5,322,723
54$7,004,867$1,304,929$648,108$5,784,756
55$7,659,495$1,309,002$609,951$6,292,224
56$8,379,009$1,311,389$568,629$6,849,742
57$9,169,969$1,311,947$523,979$7,462,396
58$10,039,599$1,310,526$475,826$8,135,791
59$10,995,862$1,306,966$423,990$8,876,105
60$12,047,529$1,301,096$368,283$9,690,147
61$13,204,264$1,292,737$308,507$10,585,421
62$14,476,715$1,281,696$244,457$11,570,199
63$15,876,612$1,267,772$175,919$12,653,596
64$17,416,881$1,250,748$102,667$13,845,661
65$19,111,765$1,230,397$24,469$15,157,466
66$20,976,956$1,206,477$0$16,601,216
67$23,029,744$1,178,732$0$18,199,174
68$25,289,179$1,146,892$0$19,961,827
69$27,776,255$1,110,669$0$21,901,895
70$30,514,101$1,069,760$0$24,037,428
71$33,528,205$1,023,844$0$26,388,317
72$36,846,650$972,580$0$28,976,482
73$40,500,381$915,609$0$31,826,077
74$44,523,496$852,550$0$34,963,723
75$48,953,570$783,003$0$38,418,753
76$53,832,005$706,541$0$42,223,495
77$59,204,423$622,715$0$46,413,575
78$65,121,097$531,050$0$51,028,251
79$71,637,423$431,045$0$56,110,787
80$78,814,444$322,171$0$61,708,861
81$86,719,426$203,866$0$67,875,015
82$95,426,493$75,541$0$74,667,152
83$105,017,324$0$0$82,149,081
84$115,581,925$0$0$90,401,589
85$127,219,480$0$0$99,506,036
86$140,039,283$0$0$109,535,467
87$154,161,775$0$0$120,584,113
88$169,719,673$0$0$132,755,817
89$186,859,228$0$0$146,165,006
90$205,741,604$0$0$160,937,777
91$226,544,400$0$0$177,213,085
92$249,463,320$0$0$195,144,054
93$274,714,029$0$0$214,899,421
94$302,534,183$0$0$236,665,132
95$333,185,670$0$0$260,646,093
96$366,957,089$0$0$287,068,108
97$404,166,467$0$0$316,180,006
98$445,164,264$0$0$348,255,993
99$490,336,679$0$0$383,598,237
100$540,109,299$0$0$422,539,724