Can I retire at age 30 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$74,651$73,987$73,338$72,705$72,086$69,556
2 years$36,956$36,268$35,601$34,954$34,327$31,804
3 years$24,393$23,701$23,036$22,395$21,778$19,343
4 years$18,112$17,423$16,764$16,135$15,532$13,202
5 years$14,345$13,660$13,010$12,393$11,808$9,589
6 years$11,834$11,154$10,514$9,911$9,343$7,238
7 years$10,042$9,367$8,737$8,148$7,598$5,606
8 years$8,698$8,030$7,410$6,835$6,304$4,423
9 years$7,653$6,991$6,382$5,822$5,308$3,536
10 years$6,818$6,162$5,564$5,019$4,523$2,857
11 years$6,135$5,486$4,898$4,368$3,890$2,326
12 years$5,566$4,924$4,347$3,831$3,371$1,906
13 years$5,085$4,450$3,884$3,382$2,940$1,570
14 years$4,673$4,045$3,490$3,002$2,577$1,298
15 years$4,317$3,695$3,151$2,678$2,269$1,076
16 years$4,005$3,390$2,857$2,398$2,005$895
17 years$3,730$3,122$2,599$2,154$1,778$746
18 years$3,486$2,885$2,373$1,941$1,581$623
19 years$3,268$2,674$2,172$1,754$1,409$521
20 years$3,072$2,485$1,994$1,589$1,259$436
21 years$2,895$2,314$1,834$1,442$1,126$365
22 years$2,735$2,160$1,690$1,311$1,010$306
23 years$2,588$2,021$1,561$1,194$906$257
24 years$2,454$1,893$1,443$1,089$815$216
25 years$2,331$1,777$1,337$995$733$182
26 years$2,217$1,670$1,240$909$660$153
27 years$2,112$1,571$1,151$832$595$128
28 years$2,015$1,481$1,070$763$537$108
29 years$1,924$1,397$996$699$485$91
30 years$1,840$1,319$928$642$438$76
31 years$1,762$1,247$865$589$396$64
32 years$1,688$1,180$807$542$358$54
33 years$1,619$1,117$753$498$324$46
34 years$1,554$1,059$704$458$294$38
35 years$1,493$1,005$658$422$266$32
36 years$1,436$953$616$389$241$27
37 years$1,382$906$576$358$218$23
38 years$1,330$861$540$330$198$19
39 years$1,282$818$506$304$180$16
40 years$1,236$779$474$281$163$14
41 years$1,192$741$444$259$148$12
42 years$1,151$706$417$239$134$10
43 years$1,112$673$391$221$122$8
44 years$1,074$641$367$204$110$7
45 years$1,038$611$345$188$100$6
46 years$1,004$583$324$174$91$5
47 years$972$557$304$161$83$4
48 years$941$531$286$148$75$3
49 years$911$507$269$137$68$3
50 years$883$485$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $904,000, adding $2,741 every year, while hoping to spend $27,070 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: 52/43/5 Blend
29$904,000$904,000$904,000$904,000
30$999,035$951,123$937,111$1,049,721
31$1,072,135$968,926$939,702$1,102,171
32$1,151,783$986,694$941,473$1,155,988
33$1,238,619$1,004,397$942,367$1,213,851
34$1,333,348$1,022,001$942,325$1,276,146
35$1,436,743$1,039,473$941,287$1,343,298
36$1,549,657$1,056,773$939,186$1,415,776
37$1,673,029$1,073,862$935,956$1,494,094
38$1,807,892$1,090,696$931,525$1,578,823
39$1,955,384$1,107,227$925,818$1,670,589
40$2,116,757$1,123,405$918,757$1,770,083
41$2,293,391$1,139,177$910,260$1,878,067
42$2,486,805$1,154,484$900,241$1,995,382
43$2,698,670$1,169,265$888,611$2,122,952
44$2,930,830$1,183,454$875,274$2,261,800
45$3,185,312$1,196,981$860,133$2,413,050
46$3,464,350$1,209,769$843,084$2,577,944
47$3,770,406$1,221,740$824,020$2,757,850
48$4,106,189$1,232,807$802,826$2,954,277
49$4,474,685$1,242,879$779,385$3,168,888
50$4,879,182$1,251,860$753,574$3,403,518
51$5,323,302$1,259,644$725,262$3,660,190
52$5,811,036$1,266,123$694,315$3,941,131
53$6,346,778$1,271,180$660,591$4,248,803
54$6,935,370$1,274,689$623,942$4,585,915
55$7,582,148$1,276,519$584,214$4,955,458
56$8,292,987$1,276,528$541,245$5,360,725
57$9,074,362$1,274,568$494,867$5,805,353
58$9,933,405$1,270,480$444,903$6,293,347
59$10,877,974$1,264,095$391,169$6,829,125
60$11,916,727$1,255,236$333,473$7,417,558
61$13,059,203$1,243,712$271,614$8,064,017
62$14,315,911$1,229,323$205,383$8,774,422
63$15,698,430$1,211,856$134,559$9,555,302
64$17,219,518$1,191,086$58,915$10,413,854
65$18,893,233$1,166,773$0$11,358,014
66$20,735,062$1,138,664$0$12,397,693
67$22,762,072$1,106,492$0$13,544,804
68$24,993,065$1,069,972$0$14,806,846
69$27,448,762$1,028,804$0$16,195,558
70$30,151,991$982,671$0$17,723,878
71$33,127,909$931,237$0$19,406,071
72$36,404,233$874,145$0$21,257,859
73$40,011,507$811,020$0$23,296,575
74$43,983,384$741,464$0$25,541,326
75$48,356,951$665,057$0$28,013,173
76$53,173,070$581,355$0$30,735,332
77$58,476,770$489,888$0$33,733,394
78$64,317,669$390,161$0$37,035,570
79$70,750,442$281,650$0$40,672,954
80$77,835,338$163,801$0$44,679,822
81$85,638,746$36,031$0$49,093,954
82$94,233,824$0$0$53,956,993
83$103,701,187$0$0$59,363,239
84$114,129,671$0$0$65,337,234
85$125,617,165$0$0$71,918,023
86$138,271,541$0$0$79,167,419
87$152,211,668$0$0$87,153,536
88$167,568,536$0$0$95,951,436
89$184,486,489$0$0$105,643,831
90$203,124,592$0$0$116,321,868
91$223,658,126$0$0$128,085,990
92$246,280,247$0$0$141,046,880
93$271,203,808$0$0$155,326,509
94$298,663,367$0$0$171,059,284
95$328,917,398$0$0$188,393,321
96$362,250,737$0$0$207,491,839
97$398,977,266$0$0$228,534,700
98$439,442,874$0$0$251,720,113
99$484,028,727$0$0$277,266,496
100$533,154,861$0$0$305,414,544