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%17.9%
1 years$74,817$74,150$73,500$72,865$72,246$69,933
2 years$37,038$36,348$35,680$35,031$34,403$32,094
3 years$24,447$23,754$23,087$22,445$21,826$19,594
4 years$18,152$17,462$16,801$16,170$15,567$13,428
5 years$14,377$13,690$13,039$12,420$11,834$9,794
6 years$11,860$11,179$10,537$9,933$9,364$7,425
7 years$10,064$9,388$8,756$8,166$7,615$5,778
8 years$8,717$8,047$7,426$6,850$6,317$4,580
9 years$7,670$7,007$6,396$5,835$5,320$3,680
10 years$6,833$6,176$5,576$5,030$4,533$2,988
11 years$6,148$5,498$4,909$4,377$3,899$2,446
12 years$5,578$4,935$4,357$3,840$3,378$2,015
13 years$5,096$4,460$3,893$3,390$2,946$1,668
14 years$4,684$4,054$3,497$3,009$2,583$1,387
15 years$4,326$3,703$3,158$2,684$2,274$1,157
16 years$4,014$3,398$2,863$2,403$2,010$967
17 years$3,739$3,129$2,605$2,159$1,782$811
18 years$3,494$2,891$2,378$1,946$1,584$681
19 years$3,276$2,680$2,177$1,758$1,412$573
20 years$3,079$2,490$1,998$1,592$1,261$483
21 years$2,902$2,319$1,838$1,445$1,129$407
22 years$2,741$2,165$1,694$1,314$1,012$344
23 years$2,594$2,025$1,564$1,197$908$290
24 years$2,459$1,897$1,446$1,091$816$245
25 years$2,336$1,780$1,340$997$735$207
26 years$2,222$1,673$1,242$911$662$175
27 years$2,117$1,575$1,154$834$597$149
28 years$2,019$1,484$1,073$764$538$126
29 years$1,929$1,400$998$701$486$106
30 years$1,844$1,322$930$643$439$90
31 years$1,765$1,250$867$591$397$76
32 years$1,692$1,183$809$543$359$65
33 years$1,623$1,120$755$499$325$55
34 years$1,558$1,061$705$459$294$47
35 years$1,496$1,007$660$423$267$39
36 years$1,439$956$617$389$242$33
37 years$1,385$908$578$359$219$28
38 years$1,333$863$541$331$198$24
39 years$1,285$820$507$305$180$20
40 years$1,239$780$475$281$163$17
41 years$1,195$743$445$260$148$15
42 years$1,153$707$418$239$134$12
43 years$1,114$674$392$221$122$11
44 years$1,076$642$368$204$111$9
45 years$1,041$613$345$189$100$8
46 years$1,007$584$324$174$91$6
47 years$974$558$305$161$83$5
48 years$943$532$286$149$75$5
49 years$913$508$269$137$68$4
50 years$885$486$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 $906,000, adding $5,151 every year, while hoping to spend $49,332 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: 31/50/19 Blend
29$906,000$906,000$906,000$906,000
30$1,003,725$955,707$941,664$1,028,739
31$1,053,616$950,048$920,721$1,042,314
32$1,106,943$942,458$897,423$1,052,079
33$1,164,003$932,791$871,639$1,061,545
34$1,225,125$920,891$843,232$1,070,715
35$1,290,666$906,593$812,059$1,079,598
36$1,361,021$889,722$777,969$1,088,207
37$1,436,621$870,095$740,807$1,096,562
38$1,517,940$847,514$700,409$1,104,690
39$1,605,500$821,772$656,602$1,112,627
40$1,699,872$792,650$609,209$1,120,418
41$1,801,685$759,915$558,043$1,128,119
42$1,911,627$723,321$502,908$1,135,799
43$2,030,458$682,609$443,601$1,143,540
44$2,159,011$637,503$379,908$1,151,441
45$2,298,202$587,713$311,606$1,159,619
46$2,449,038$532,930$238,465$1,168,211
47$2,612,626$472,830$160,240$1,177,377
48$2,790,185$407,070$76,679$1,187,305
49$2,983,053$335,286$0$1,198,209
50$3,192,705$257,095$0$1,212,870
51$3,420,760$172,092$0$1,245,796
52$3,669,003$79,850$0$1,281,808
53$3,939,395$0$0$1,321,339
54$4,234,096$0$0$1,375,928
55$4,555,483$0$0$1,483,499
56$4,906,170$0$0$1,601,009
57$5,289,037$0$0$1,729,440
58$5,707,254$0$0$1,869,873
59$6,164,308$0$0$2,023,498
60$6,664,043$0$0$2,191,623
61$7,210,685$0$0$2,375,691
62$7,808,893$0$0$2,577,290
63$8,463,794$0$0$2,798,171
64$9,181,034$0$0$3,040,257
65$9,966,832$0$0$3,305,672
66$10,828,034$0$0$3,596,752
67$11,772,184$0$0$3,916,069
68$12,807,588$0$0$4,266,459
69$13,943,394$0$0$4,651,043
70$15,189,679$0$0$5,073,262
71$16,557,543$0$0$5,536,903
72$18,059,212$0$0$6,046,139
73$19,708,155$0$0$6,605,569
74$21,519,207$0$0$7,220,256
75$23,508,713$0$0$7,895,780
76$25,694,677$0$0$8,638,288
77$28,096,933$0$0$9,454,552
78$30,737,333$0$0$10,352,032
79$33,639,952$0$0$11,338,948
80$36,831,310$0$0$12,424,356
81$40,340,631$0$0$13,618,235
82$44,200,106$0$0$14,931,576
83$48,445,207$0$0$16,376,494
84$53,115,014$0$0$17,966,332
85$58,252,585$0$0$19,715,797
86$63,905,364$0$0$21,641,089
87$70,125,624$0$0$23,760,060
88$76,970,960$0$0$26,092,382
89$84,504,834$0$0$28,659,728
90$92,797,174$0$0$31,485,979
91$101,925,026$0$0$34,597,451
92$111,973,290$0$0$38,023,140
93$123,035,512$0$0$41,794,998
94$135,214,770$0$0$45,948,229
95$148,624,646$0$0$50,521,630
96$163,390,295$0$0$55,557,949
97$179,649,628$0$0$61,104,289
98$197,554,609$0$0$67,212,559
99$217,272,690$0$0$73,939,954
100$238,988,392$0$0$81,349,503