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 $4,777 every year, while hoping to spend $39,893 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: 46/26/28 Blend
29$904,000$904,000$904,000$904,000
30$1,001,135$953,223$939,211$1,038,927
31$1,060,805$957,486$928,229$1,070,430
32$1,125,225$960,619$915,542$1,100,361
33$1,194,836$962,528$901,051$1,132,070
34$1,270,124$963,107$884,651$1,165,746
35$1,351,625$962,247$866,235$1,201,597
36$1,439,925$959,832$845,688$1,239,858
37$1,535,670$955,736$822,892$1,280,788
38$1,639,571$949,830$797,721$1,324,673
39$1,752,408$941,973$770,046$1,371,836
40$1,875,042$932,017$739,730$1,422,632
41$2,008,416$919,806$706,631$1,477,455
42$2,153,571$905,173$670,600$1,536,746
43$2,311,652$887,943$631,482$1,600,990
44$2,483,917$867,929$589,113$1,670,729
45$2,671,752$844,933$543,323$1,746,562
46$2,876,682$818,746$493,936$1,829,154
47$3,100,386$789,147$440,765$1,919,241
48$3,344,711$755,901$383,617$2,017,642
49$3,611,693$718,761$322,289$2,125,260
50$3,903,570$677,465$256,570$2,243,098
51$4,222,808$631,735$186,239$2,372,268
52$4,572,122$581,278$111,066$2,513,999
53$4,954,502$525,784$30,810$2,669,652
54$5,373,240$464,925$0$2,840,735
55$5,831,960$398,356$0$3,045,297
56$6,334,654$325,710$0$3,279,690
57$6,885,721$246,602$0$3,536,821
58$7,490,002$160,623$0$3,819,033
59$8,152,830$67,341$0$4,128,911
60$8,880,081$0$0$4,469,310
61$9,678,224$0$0$4,853,018
62$10,554,388$0$0$5,295,491
63$11,516,424$0$0$5,781,442
64$12,572,980$0$0$6,315,253
65$13,733,584$0$0$6,901,752
66$15,008,732$0$0$7,546,257
67$16,409,986$0$0$8,254,629
68$17,950,084$0$0$9,033,322
69$19,643,061$0$0$9,889,449
70$21,504,376$0$0$10,830,844
71$23,551,063$0$0$11,866,141
72$25,801,890$0$0$13,004,851
73$28,277,532$0$0$14,257,452
74$31,000,771$0$0$15,635,491
75$33,996,707$0$0$17,151,689
76$37,292,995$0$0$18,820,063
77$40,920,106$0$0$20,656,056
78$44,911,614$0$0$22,676,686
79$49,304,512$0$0$24,900,701
80$54,139,561$0$0$27,348,763
81$59,461,673$0$0$30,043,635
82$65,320,337$0$0$33,010,400
83$71,770,082$0$0$36,276,699
84$78,870,994$0$0$39,872,986
85$86,689,280$0$0$43,832,820
86$95,297,895$0$0$48,193,180
87$104,777,228$0$0$52,994,814
88$115,215,859$0$0$58,282,621
89$126,711,398$0$0$64,106,078
90$139,371,403$0$0$70,519,704
91$153,314,396$0$0$77,583,576
92$168,670,977$0$0$85,363,896
93$185,585,063$0$0$93,933,612
94$204,215,239$0$0$103,373,112
95$224,736,260$0$0$113,770,975
96$247,340,692$0$0$125,224,816
97$272,240,739$0$0$137,842,198
98$299,670,237$0$0$151,741,654
99$329,886,863$0$0$167,053,800
100$363,174,568$0$0$183,922,571