Can I retire at age 30 with 904,000?

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 $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%18.3%
1 years$74,651$73,987$73,338$72,705$72,086$69,667
2 years$36,956$36,268$35,601$34,954$34,327$31,914
3 years$24,393$23,701$23,036$22,395$21,778$19,447
4 years$18,112$17,423$16,764$16,135$15,532$13,300
5 years$14,345$13,660$13,010$12,393$11,808$9,681
6 years$11,834$11,154$10,514$9,911$9,343$7,323
7 years$10,042$9,367$8,737$8,148$7,598$5,685
8 years$8,698$8,030$7,410$6,835$6,304$4,495
9 years$7,653$6,991$6,382$5,822$5,308$3,603
10 years$6,818$6,162$5,564$5,019$4,523$2,918
11 years$6,135$5,486$4,898$4,368$3,890$2,383
12 years$5,566$4,924$4,347$3,831$3,371$1,957
13 years$5,085$4,450$3,884$3,382$2,940$1,616
14 years$4,673$4,045$3,490$3,002$2,577$1,340
15 years$4,317$3,695$3,151$2,678$2,269$1,115
16 years$4,005$3,390$2,857$2,398$2,005$930
17 years$3,730$3,122$2,599$2,154$1,778$777
18 years$3,486$2,885$2,373$1,941$1,581$651
19 years$3,268$2,674$2,172$1,754$1,409$546
20 years$3,072$2,485$1,994$1,589$1,259$458
21 years$2,895$2,314$1,834$1,442$1,126$385
22 years$2,735$2,160$1,690$1,311$1,010$324
23 years$2,588$2,021$1,561$1,194$906$273
24 years$2,454$1,893$1,443$1,089$815$230
25 years$2,331$1,777$1,337$995$733$194
26 years$2,217$1,670$1,240$909$660$163
27 years$2,112$1,571$1,151$832$595$138
28 years$2,015$1,481$1,070$763$537$116
29 years$1,924$1,397$996$699$485$98
30 years$1,840$1,319$928$642$438$83
31 years$1,762$1,247$865$589$396$70
32 years$1,688$1,180$807$542$358$59
33 years$1,619$1,117$753$498$324$50
34 years$1,554$1,059$704$458$294$42
35 years$1,493$1,005$658$422$266$36
36 years$1,436$953$616$389$241$30
37 years$1,382$906$576$358$218$25
38 years$1,330$861$540$330$198$22
39 years$1,282$818$506$304$180$18
40 years$1,236$779$474$281$163$15
41 years$1,192$741$444$259$148$13
42 years$1,151$706$417$239$134$11
43 years$1,112$673$391$221$122$9
44 years$1,074$641$367$204$110$8
45 years$1,038$611$345$188$100$7
46 years$1,004$583$324$174$91$6
47 years$972$557$304$161$83$5
48 years$941$531$286$148$75$4
49 years$911$507$269$137$68$3
50 years$883$485$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $904,000, adding $3,605 every year, while hoping to spend $43,181 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: 33/42/25 Blend
29$904,000$904,000$904,000$904,000
30$999,927$952,015$938,003$1,025,195
31$1,055,975$952,719$923,481$1,045,246
32$1,116,293$952,011$907,027$1,062,708
33$1,181,270$949,775$888,528$1,080,667
34$1,251,336$945,890$867,869$1,099,194
35$1,326,959$940,226$844,930$1,118,372
36$1,408,658$932,646$819,584$1,138,297
37$1,497,000$923,005$791,700$1,159,077
38$1,592,610$911,148$761,137$1,180,835
39$1,696,174$896,912$727,753$1,203,712
40$1,808,447$880,123$691,396$1,227,867
41$1,930,258$860,599$651,907$1,253,480
42$2,062,521$838,144$609,122$1,280,754
43$2,206,238$812,554$562,868$1,309,921
44$2,362,515$783,610$512,965$1,341,238
45$2,532,567$751,082$459,224$1,374,998
46$2,717,729$714,725$401,449$1,411,528
47$2,919,474$674,283$339,434$1,451,198
48$3,139,419$629,482$272,964$1,494,419
49$3,379,347$580,033$201,815$1,541,656
50$3,641,218$525,633$125,754$1,593,426
51$3,927,191$465,958$44,535$1,650,310
52$4,239,643$400,668$0$1,712,956
53$4,581,188$329,402$0$1,793,329
54$4,954,708$251,782$0$1,894,405
55$5,363,374$167,404$0$2,005,267
56$5,810,677$75,846$0$2,126,998
57$6,300,462$0$0$2,260,798
58$6,836,964$0$0$2,418,786
59$7,424,845$0$0$2,630,447
60$8,069,242$0$0$2,862,594
61$8,775,809$0$0$3,117,280
62$9,550,777$0$0$3,396,770
63$10,401,006$0$0$3,703,556
64$11,334,054$0$0$4,040,383
65$12,358,246$0$0$4,410,278
66$13,482,751$0$0$4,816,572
67$14,717,670$0$0$5,262,936
68$16,074,131$0$0$5,753,414
69$17,564,392$0$0$6,292,461
70$19,201,956$0$0$6,884,985
71$21,001,701$0$0$7,536,393
72$22,980,016$0$0$8,252,643
73$25,154,957$0$0$9,040,297
74$27,546,418$0$0$9,906,588
75$30,176,317$0$0$10,859,482
76$33,068,800$0$0$11,907,758
77$36,250,473$0$0$13,061,087
78$39,750,649$0$0$14,330,126
79$43,601,627$0$0$15,726,616
80$47,838,990$0$0$17,263,495
81$52,501,950$0$0$18,955,017
82$57,633,709$0$0$20,816,890
83$63,281,868$0$0$22,866,421
84$69,498,880$0$0$25,122,680
85$76,342,538$0$0$27,606,679
86$83,876,524$0$0$30,341,573
87$92,171,009$0$0$33,352,875
88$101,303,312$0$0$36,668,698
89$111,358,633$0$0$40,320,021
90$122,430,851$0$0$44,340,979
91$134,623,415$0$0$48,769,187
92$148,050,316$0$0$53,646,093
93$162,837,163$0$0$59,017,371
94$179,122,369$0$0$64,933,349
95$197,058,454$0$0$71,449,487
96$216,813,486$0$0$78,626,899
97$238,572,666$0$0$86,532,929
98$262,540,075$0$0$95,241,785
99$288,940,599$0$0$104,835,243
100$318,022,052$0$0$115,403,416