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%18.9%
1 years$74,651$73,987$73,338$72,705$72,086$69,501
2 years$36,956$36,268$35,601$34,954$34,327$31,750
3 years$24,393$23,701$23,036$22,395$21,778$19,291
4 years$18,112$17,423$16,764$16,135$15,532$13,154
5 years$14,345$13,660$13,010$12,393$11,808$9,544
6 years$11,834$11,154$10,514$9,911$9,343$7,196
7 years$10,042$9,367$8,737$8,148$7,598$5,567
8 years$8,698$8,030$7,410$6,835$6,304$4,387
9 years$7,653$6,991$6,382$5,822$5,308$3,503
10 years$6,818$6,162$5,564$5,019$4,523$2,827
11 years$6,135$5,486$4,898$4,368$3,890$2,299
12 years$5,566$4,924$4,347$3,831$3,371$1,881
13 years$5,085$4,450$3,884$3,382$2,940$1,547
14 years$4,673$4,045$3,490$3,002$2,577$1,277
15 years$4,317$3,695$3,151$2,678$2,269$1,058
16 years$4,005$3,390$2,857$2,398$2,005$878
17 years$3,730$3,122$2,599$2,154$1,778$731
18 years$3,486$2,885$2,373$1,941$1,581$609
19 years$3,268$2,674$2,172$1,754$1,409$509
20 years$3,072$2,485$1,994$1,589$1,259$425
21 years$2,895$2,314$1,834$1,442$1,126$356
22 years$2,735$2,160$1,690$1,311$1,010$298
23 years$2,588$2,021$1,561$1,194$906$250
24 years$2,454$1,893$1,443$1,089$815$209
25 years$2,331$1,777$1,337$995$733$176
26 years$2,217$1,670$1,240$909$660$147
27 years$2,112$1,571$1,151$832$595$124
28 years$2,015$1,481$1,070$763$537$104
29 years$1,924$1,397$996$699$485$87
30 years$1,840$1,319$928$642$438$73
31 years$1,762$1,247$865$589$396$62
32 years$1,688$1,180$807$542$358$52
33 years$1,619$1,117$753$498$324$44
34 years$1,554$1,059$704$458$294$37
35 years$1,493$1,005$658$422$266$31
36 years$1,436$953$616$389$241$26
37 years$1,382$906$576$358$218$22
38 years$1,330$861$540$330$198$18
39 years$1,282$818$506$304$180$15
40 years$1,236$779$474$281$163$13
41 years$1,192$741$444$259$148$11
42 years$1,151$706$417$239$134$9
43 years$1,112$673$391$221$122$8
44 years$1,074$641$367$204$110$6
45 years$1,038$611$345$188$100$5
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 $2,142 every year, while hoping to spend $22,445 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: 26/47/27 Blend
29$904,000$904,000$904,000$904,000
30$998,417$950,505$936,493$1,015,889
31$1,076,375$973,199$943,985$1,053,033
32$1,161,531$996,252$950,975$1,090,792
33$1,254,598$1,019,659$957,423$1,130,843
34$1,356,357$1,043,412$963,286$1,173,393
35$1,467,670$1,067,504$968,521$1,218,673
36$1,589,485$1,091,925$973,079$1,266,938
37$1,722,847$1,116,663$976,912$1,318,467
38$1,868,906$1,141,708$979,967$1,373,569
39$2,028,928$1,167,045$982,189$1,432,585
40$2,204,308$1,192,660$983,522$1,495,892
41$2,396,582$1,218,535$983,905$1,563,905
42$2,607,443$1,244,653$983,275$1,637,082
43$2,838,753$1,270,992$981,566$1,715,928
44$3,092,566$1,297,530$978,708$1,801,001
45$3,371,142$1,324,243$974,629$1,892,917
46$3,676,971$1,351,104$969,252$1,992,353
47$4,012,797$1,378,083$962,496$2,100,061
48$4,381,641$1,405,148$954,279$2,216,865
49$4,786,833$1,432,265$944,512$2,343,680
50$5,232,040$1,459,396$933,103$2,481,510
51$5,721,302$1,486,500$919,956$2,631,468
52$6,259,070$1,513,534$904,970$2,794,777
53$6,850,247$1,540,449$888,038$2,972,791
54$7,500,236$1,567,195$869,051$3,167,002
55$8,214,989$1,593,716$847,893$3,379,055
56$9,001,063$1,619,953$824,443$3,610,765
57$9,865,683$1,645,843$798,574$3,864,138
58$10,816,810$1,671,316$770,153$4,141,382
59$11,863,213$1,696,300$739,042$4,444,935
60$13,014,557$1,720,715$705,096$4,777,488
61$14,281,489$1,744,477$668,164$5,142,008
62$15,675,741$1,767,496$628,087$5,541,766
63$17,210,239$1,789,675$584,700$5,980,374
64$18,899,226$1,810,912$537,830$6,461,813
65$20,758,396$1,831,096$487,297$6,990,475
66$22,805,042$1,850,109$432,911$7,571,205
67$25,058,219$1,867,827$374,476$8,209,345
68$27,538,923$1,884,116$311,786$8,910,789
69$30,270,288$1,898,833$244,626$9,682,034
70$33,277,808$1,911,826$172,772$10,530,247
71$36,589,573$1,922,935$95,989$11,463,333
72$40,236,538$1,931,987$14,033$12,490,007
73$44,252,810$1,938,799$0$13,619,881
74$48,675,974$1,943,178$0$14,884,708
75$53,547,447$1,944,917$0$16,280,710
76$58,912,865$1,943,796$0$17,816,808
77$64,822,519$1,939,584$0$19,507,295
78$71,331,824$1,932,032$0$21,367,927
79$78,501,847$1,920,878$0$23,416,071
80$86,399,878$1,905,844$0$25,670,868
81$95,100,071$1,886,635$0$28,153,418
82$104,684,136$1,862,939$0$30,886,980
83$115,242,117$1,834,422$0$33,897,187
84$126,873,239$1,800,735$0$37,212,295
85$139,686,843$1,761,504$0$40,863,449
86$153,803,419$1,716,336$0$44,884,976
87$169,355,744$1,664,813$0$49,314,712
88$186,490,135$1,606,493$0$54,194,363
89$205,367,826$1,540,909$0$59,569,892
90$226,166,496$1,467,565$0$65,491,965
91$249,081,942$1,385,939$0$72,016,421
92$274,329,927$1,295,477$0$79,204,807
93$302,148,218$1,195,594$0$87,124,958
94$332,798,829$1,085,670$0$95,851,641
95$366,570,494$965,053$0$105,467,260
96$403,781,393$833,049$0$116,062,638
97$444,782,157$688,930$0$127,737,877
98$489,959,172$531,924$0$140,603,302
99$539,738,235$361,215$0$154,780,510
100$594,588,563$175,943$0$170,403,515