Can I retire at age 30 with 906,000?

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 $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%14.4%
1 years$74,817$74,150$73,500$72,865$72,246$70,932
2 years$37,038$36,348$35,680$35,031$34,403$33,084
3 years$24,447$23,754$23,087$22,445$21,826$20,544
4 years$18,152$17,462$16,801$16,170$15,567$14,330
5 years$14,377$13,690$13,039$12,420$11,834$10,646
6 years$11,860$11,179$10,537$9,933$9,364$8,227
7 years$10,064$9,388$8,756$8,166$7,615$6,529
8 years$8,717$8,047$7,426$6,850$6,317$5,282
9 years$7,670$7,007$6,396$5,835$5,320$4,335
10 years$6,833$6,176$5,576$5,030$4,533$3,597
11 years$6,148$5,498$4,909$4,377$3,899$3,011
12 years$5,578$4,935$4,357$3,840$3,378$2,538
13 years$5,096$4,460$3,893$3,390$2,946$2,151
14 years$4,684$4,054$3,497$3,009$2,583$1,832
15 years$4,326$3,703$3,158$2,684$2,274$1,566
16 years$4,014$3,398$2,863$2,403$2,010$1,343
17 years$3,739$3,129$2,605$2,159$1,782$1,155
18 years$3,494$2,891$2,378$1,946$1,584$995
19 years$3,276$2,680$2,177$1,758$1,412$859
20 years$3,079$2,490$1,998$1,592$1,261$743
21 years$2,902$2,319$1,838$1,445$1,129$644
22 years$2,741$2,165$1,694$1,314$1,012$558
23 years$2,594$2,025$1,564$1,197$908$485
24 years$2,459$1,897$1,446$1,091$816$421
25 years$2,336$1,780$1,340$997$735$366
26 years$2,222$1,673$1,242$911$662$319
27 years$2,117$1,575$1,154$834$597$278
28 years$2,019$1,484$1,073$764$538$242
29 years$1,929$1,400$998$701$486$211
30 years$1,844$1,322$930$643$439$184
31 years$1,765$1,250$867$591$397$160
32 years$1,692$1,183$809$543$359$140
33 years$1,623$1,120$755$499$325$122
34 years$1,558$1,061$705$459$294$106
35 years$1,496$1,007$660$423$267$93
36 years$1,439$956$617$389$242$81
37 years$1,385$908$578$359$219$71
38 years$1,333$863$541$331$198$62
39 years$1,285$820$507$305$180$54
40 years$1,239$780$475$281$163$47
41 years$1,195$743$445$260$148$41
42 years$1,153$707$418$239$134$36
43 years$1,114$674$392$221$122$31
44 years$1,076$642$368$204$111$28
45 years$1,041$613$345$189$100$24
46 years$1,007$584$324$174$91$21
47 years$974$558$305$161$83$18
48 years$943$532$286$149$75$16
49 years$913$508$269$137$68$14
50 years$885$486$253$127$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $906,000, adding $2,832 every year, while hoping to spend $58,546 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: 27/48/25 Blend
29$906,000$906,000$906,000$906,000
30$1,001,333$953,315$939,272$1,020,461
31$1,041,177$937,735$908,445$1,020,382
32$1,083,122$919,429$874,624$1,015,023
33$1,127,322$898,203$837,645$1,008,052
34$1,173,942$873,848$797,339$999,371
35$1,223,164$846,147$753,530$988,877
36$1,275,185$814,866$706,032$976,465
37$1,330,222$779,762$654,651$962,025
38$1,388,508$740,574$599,186$945,445
39$1,450,301$697,028$539,424$926,609
40$1,515,883$648,833$475,146$905,397
41$1,585,560$595,683$406,120$881,686
42$1,659,668$537,253$332,106$855,351
43$1,738,576$473,199$252,853$826,264
44$1,822,685$403,160$168,098$794,294
45$1,912,436$326,753$77,567$759,310
46$2,008,313$243,572$0$721,177
47$2,110,845$153,191$0$684,841
48$2,220,612$55,159$0$667,499
49$2,338,251$0$0$648,386
50$2,464,461$0$0$654,395
51$2,600,006$0$0$692,240
52$2,745,728$0$0$733,035
53$2,902,550$0$0$777,052
54$3,071,486$0$0$824,590
55$3,253,649$0$0$875,978
56$3,450,262$0$0$931,577
57$3,662,669$0$0$991,784
58$3,892,347$0$0$1,057,035
59$4,140,918$0$0$1,127,810
60$4,410,168$0$0$1,204,638
61$4,702,057$0$0$1,288,098
62$5,018,744$0$0$1,378,830
63$5,362,602$0$0$1,477,537
64$5,736,238$0$0$1,584,990
65$6,142,525$0$0$1,702,041
66$6,584,621$0$0$1,829,625
67$7,066,001$0$0$1,968,774
68$7,590,489$0$0$2,120,620
69$8,162,293$0$0$2,286,412
70$8,786,044$0$0$2,467,524
71$9,466,841$0$0$2,665,468
72$10,210,294$0$0$2,881,910
73$11,022,582$0$0$3,118,682
74$11,910,504$0$0$3,377,803
75$12,881,549$0$0$3,661,497
76$13,943,959$0$0$3,972,212
77$15,106,813$0$0$4,312,642
78$16,380,106$0$0$4,685,757
79$17,774,845$0$0$5,094,826
80$19,303,152$0$0$5,543,451
81$20,978,378$0$0$6,035,597
82$22,815,226$0$0$6,575,634
83$24,829,889$0$0$7,168,374
84$27,040,205$0$0$7,819,116
85$29,465,819$0$0$8,533,701
86$32,128,373$0$0$9,318,560
87$35,051,703$0$0$10,180,779
88$38,262,070$0$0$11,128,164
89$41,788,400$0$0$12,169,314
90$45,662,559$0$0$13,313,702
91$49,919,652$0$0$14,571,766
92$54,598,353$0$0$15,955,005
93$59,741,269$0$0$17,476,087
94$65,395,339$0$0$19,148,971
95$71,612,279$0$0$20,989,033
96$78,449,066$0$0$23,013,218
97$85,968,473$0$0$25,240,195
98$94,239,664$0$0$27,690,531
99$103,338,843$0$0$30,386,890
100$113,349,970$0$0$33,354,243