Can I retire at age 30 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,817$74,150$73,500$72,865$72,246$70,557
2 years$37,038$36,348$35,680$35,031$34,403$32,710
3 years$24,447$23,754$23,087$22,445$21,826$20,184
4 years$18,152$17,462$16,801$16,170$15,567$13,987
5 years$14,377$13,690$13,039$12,420$11,834$10,321
6 years$11,860$11,179$10,537$9,933$9,364$7,919
7 years$10,064$9,388$8,756$8,166$7,615$6,239
8 years$8,717$8,047$7,426$6,850$6,317$5,010
9 years$7,670$7,007$6,396$5,835$5,320$4,080
10 years$6,833$6,176$5,576$5,030$4,533$3,358
11 years$6,148$5,498$4,909$4,377$3,899$2,788
12 years$5,578$4,935$4,357$3,840$3,378$2,330
13 years$5,096$4,460$3,893$3,390$2,946$1,958
14 years$4,684$4,054$3,497$3,009$2,583$1,653
15 years$4,326$3,703$3,158$2,684$2,274$1,400
16 years$4,014$3,398$2,863$2,403$2,010$1,190
17 years$3,739$3,129$2,605$2,159$1,782$1,013
18 years$3,494$2,891$2,378$1,946$1,584$865
19 years$3,276$2,680$2,177$1,758$1,412$740
20 years$3,079$2,490$1,998$1,592$1,261$634
21 years$2,902$2,319$1,838$1,445$1,129$544
22 years$2,741$2,165$1,694$1,314$1,012$467
23 years$2,594$2,025$1,564$1,197$908$401
24 years$2,459$1,897$1,446$1,091$816$345
25 years$2,336$1,780$1,340$997$735$297
26 years$2,222$1,673$1,242$911$662$256
27 years$2,117$1,575$1,154$834$597$220
28 years$2,019$1,484$1,073$764$538$190
29 years$1,929$1,400$998$701$486$164
30 years$1,844$1,322$930$643$439$141
31 years$1,765$1,250$867$591$397$122
32 years$1,692$1,183$809$543$359$105
33 years$1,623$1,120$755$499$325$91
34 years$1,558$1,061$705$459$294$78
35 years$1,496$1,007$660$423$267$68
36 years$1,439$956$617$389$242$58
37 years$1,385$908$578$359$219$50
38 years$1,333$863$541$331$198$44
39 years$1,285$820$507$305$180$38
40 years$1,239$780$475$281$163$33
41 years$1,195$743$445$260$148$28
42 years$1,153$707$418$239$134$24
43 years$1,114$674$392$221$122$21
44 years$1,076$642$368$204$111$18
45 years$1,041$613$345$189$100$16
46 years$1,007$584$324$174$91$14
47 years$974$558$305$161$83$12
48 years$943$532$286$149$75$10
49 years$913$508$269$137$68$9
50 years$885$486$253$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $906,000, adding $4,615 every year, while hoping to spend $37,441 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: 72/5/23 Blend
29$906,000$906,000$906,000$906,000
30$1,003,172$955,154$941,111$1,069,364
31$1,065,659$962,120$932,802$1,121,061
32$1,133,264$968,172$922,959$1,172,785
33$1,206,471$973,226$911,492$1,228,518
34$1,285,810$977,193$898,305$1,288,653
35$1,371,864$979,977$883,300$1,353,626
36$1,465,275$981,477$866,371$1,423,916
37$1,566,748$981,584$847,410$1,500,050
38$1,677,061$980,186$826,302$1,582,612
39$1,797,066$977,160$802,928$1,672,244
40$1,927,703$972,377$777,163$1,769,656
41$2,070,006$965,702$748,876$1,875,630
42$2,225,114$956,988$717,930$1,991,028
43$2,394,277$946,081$684,182$2,116,802
44$2,578,874$932,820$647,483$2,254,002
45$2,780,422$917,031$607,676$2,403,785
46$3,000,590$898,531$564,599$2,567,427
47$3,241,218$877,127$518,080$2,746,338
48$3,504,329$852,613$467,943$2,942,068
49$3,792,151$824,771$413,999$3,156,333
50$4,107,137$793,372$356,055$3,391,019
51$4,451,990$758,172$293,908$3,648,209
52$4,829,685$718,915$227,346$3,930,201
53$5,243,498$675,326$156,147$4,239,527
54$5,697,037$627,120$80,080$4,578,981
55$6,194,276$573,990$0$4,951,642
56$6,739,592$515,615$0$5,361,176
57$7,337,806$451,656$0$5,832,048
58$7,994,227$381,751$0$6,348,779
59$8,714,703$305,523$0$6,915,988
60$9,505,678$222,568$0$7,538,768
61$10,374,248$132,464$0$8,222,724
62$11,328,229$34,764$0$8,974,037
63$12,376,235$0$0$9,799,513
64$13,527,752$0$0$10,710,561
65$14,793,232$0$0$11,713,922
66$16,184,189$0$0$12,816,818
67$17,713,307$0$0$14,029,315
68$19,394,564$0$0$15,362,499
69$21,243,355$0$0$16,828,587
70$23,276,645$0$0$18,441,039
71$25,513,124$0$0$20,214,682
72$27,973,386$0$0$22,165,856
73$30,680,118$0$0$24,312,561
74$33,658,321$0$0$26,674,633
75$36,935,539$0$0$29,273,925
76$40,542,122$0$0$32,134,517
77$44,511,509$0$0$35,282,941
78$48,880,547$0$0$38,748,432
79$53,689,837$0$0$42,563,201
80$58,984,114$0$0$46,762,743
81$64,812,671$0$0$51,386,169
82$71,229,824$0$0$56,476,573
83$78,295,425$0$0$62,081,442
84$86,075,421$0$0$68,253,103
85$94,642,484$0$0$75,049,212
86$104,076,690$0$0$82,533,304
87$114,466,276$0$0$90,775,390
88$125,908,473$0$0$99,852,615
89$138,510,423$0$0$109,849,988
90$152,390,190$0$0$120,861,184
91$167,677,871$0$0$132,989,426
92$184,516,828$0$0$146,348,462
93$203,065,037$0$0$161,063,634
94$223,496,580$0$0$177,273,064
95$246,003,285$0$0$195,128,955
96$270,796,541$0$0$214,799,030
97$298,109,288$0$0$236,468,110
98$328,198,218$0$0$260,339,863
99$361,346,195$0$0$286,638,723
100$397,864,925$0$0$315,612,009