Can I retire at age 30 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$74,734$74,068$73,419$72,785$72,166$69,385
2 years$36,997$36,308$35,640$34,993$34,365$31,596
3 years$24,420$23,728$23,062$22,420$21,802$19,133
4 years$18,132$17,442$16,783$16,152$15,550$13,000
5 years$14,361$13,675$13,024$12,407$11,821$9,398
6 years$11,847$11,167$10,526$9,922$9,353$7,058
7 years$10,053$9,378$8,747$8,157$7,607$5,439
8 years$8,707$8,038$7,418$6,843$6,310$4,268
9 years$7,661$6,999$6,389$5,829$5,314$3,394
10 years$6,825$6,169$5,570$5,024$4,528$2,726
11 years$6,141$5,492$4,904$4,373$3,894$2,207
12 years$5,572$4,929$4,352$3,835$3,375$1,797
13 years$5,091$4,455$3,888$3,386$2,943$1,471
14 years$4,678$4,049$3,494$3,006$2,580$1,209
15 years$4,322$3,699$3,154$2,681$2,271$996
16 years$4,009$3,394$2,860$2,400$2,007$823
17 years$3,734$3,126$2,602$2,157$1,780$681
18 years$3,490$2,888$2,376$1,944$1,583$565
19 years$3,272$2,677$2,175$1,756$1,411$469
20 years$3,076$2,487$1,996$1,591$1,260$390
21 years$2,899$2,317$1,836$1,443$1,128$325
22 years$2,738$2,163$1,692$1,312$1,011$270
23 years$2,591$2,023$1,562$1,195$907$225
24 years$2,457$1,895$1,445$1,090$815$188
25 years$2,333$1,779$1,338$996$734$157
26 years$2,220$1,672$1,241$910$661$131
27 years$2,114$1,573$1,152$833$596$109
28 years$2,017$1,482$1,071$763$538$91
29 years$1,927$1,398$997$700$486$76
30 years$1,842$1,321$929$643$439$64
31 years$1,763$1,248$866$590$397$53
32 years$1,690$1,181$808$542$359$44
33 years$1,621$1,119$754$499$325$37
34 years$1,556$1,060$705$459$294$31
35 years$1,495$1,006$659$422$266$26
36 years$1,437$955$616$389$241$22
37 years$1,383$907$577$358$219$18
38 years$1,332$862$540$330$198$15
39 years$1,283$819$506$305$180$13
40 years$1,237$779$474$281$163$11
41 years$1,194$742$445$259$148$9
42 years$1,152$707$417$239$134$7
43 years$1,113$673$392$221$122$6
44 years$1,075$642$368$204$111$5
45 years$1,040$612$345$188$100$4
46 years$1,005$584$324$174$91$4
47 years$973$557$305$161$83$3
48 years$942$532$286$149$75$3
49 years$912$508$269$137$68$2
50 years$884$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 $905,000, adding $5,672 every year, while hoping to spend $26,402 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: 72/17/11 Blend
29$905,000$905,000$905,000$905,000
30$1,003,161$955,196$941,168$1,072,785
31$1,077,392$973,909$944,606$1,138,311
32$1,158,309$992,654$947,274$1,206,236
33$1,246,567$1,011,405$949,118$1,279,895
34$1,342,887$1,030,133$950,083$1,359,848
35$1,448,059$1,048,808$950,109$1,446,713
36$1,562,958$1,067,396$949,134$1,541,167
37$1,688,542$1,085,861$947,093$1,643,961
38$1,825,871$1,104,165$943,918$1,755,917
39$1,976,108$1,122,267$939,537$1,877,945
40$2,140,534$1,140,122$933,875$2,011,045
41$2,320,563$1,157,682$926,854$2,156,320
42$2,517,747$1,174,896$918,391$2,314,985
43$2,733,800$1,191,708$908,399$2,488,378
44$2,970,607$1,208,061$896,790$2,677,976
45$3,230,243$1,223,890$883,467$2,885,403
46$3,514,996$1,239,129$868,331$3,112,451
47$3,827,385$1,253,706$851,280$3,361,095
48$4,170,185$1,267,544$832,204$3,633,509
49$4,546,450$1,280,560$810,989$3,932,090
50$4,959,549$1,292,668$787,518$4,259,482
51$5,413,188$1,303,774$761,665$4,618,595
52$5,911,453$1,313,779$733,300$5,012,639
53$6,458,844$1,322,576$702,288$5,445,149
54$7,060,317$1,330,054$668,487$5,920,023
55$7,721,336$1,336,093$631,747$6,441,556
56$8,447,916$1,340,565$591,914$7,014,481
57$9,246,685$1,343,335$548,825$7,644,016
58$10,124,947$1,344,258$502,311$8,335,911
59$11,090,747$1,343,182$452,194$9,096,500
60$12,152,950$1,339,945$398,289$9,932,770
61$13,321,323$1,334,374$340,404$10,852,415
62$14,606,626$1,326,287$278,335$11,863,919
63$16,020,715$1,315,488$211,873$12,976,631
64$17,576,655$1,301,774$140,798$14,200,853
65$19,288,837$1,284,925$64,878$15,547,942
66$21,173,123$1,264,710$0$17,030,413
67$23,246,985$1,240,885$0$18,663,953
68$25,529,679$1,213,189$0$20,470,118
69$28,042,420$1,181,349$0$22,458,070
70$30,808,585$1,145,073$0$24,646,306
71$33,853,932$1,104,054$0$27,055,208
72$37,206,846$1,057,965$0$29,707,238
73$40,898,600$1,006,462$0$32,627,151
74$44,963,659$949,180$0$35,842,223
75$49,439,995$885,733$0$39,382,519
76$54,369,455$815,713$0$43,281,164
77$59,798,146$738,690$0$47,574,669
78$65,776,879$654,208$0$52,303,265
79$72,361,641$561,784$0$57,511,289
80$79,614,127$460,911$0$63,247,603
81$87,602,323$351,050$0$69,566,051
82$96,401,142$231,634$0$76,525,973
83$106,093,138$102,063$0$84,192,762
84$116,769,278$0$0$92,638,483
85$128,529,806$0$0$101,949,718
86$141,485,184$0$0$112,228,058
87$155,757,139$0$0$123,550,991
88$171,479,808$0$0$136,024,948
89$188,801,006$0$0$149,767,208
90$207,883,620$0$0$164,907,013
91$228,907,144$0$0$181,586,779
92$252,069,379$0$0$199,963,447
93$277,588,293$0$0$220,209,962
94$305,704,084$0$0$242,516,905
95$336,681,442$0$0$267,094,290
96$370,812,049$0$0$294,173,549
97$408,417,336$0$0$324,009,715
98$449,851,508$0$0$356,883,830
99$495,504,899$0$0$393,105,596
100$545,807,643$0$0$433,016,299