Can I retire at age 30 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$74,982$74,314$73,662$73,026$72,405$71,323
2 years$37,120$36,428$35,758$35,109$34,479$33,391
3 years$24,501$23,806$23,138$22,495$21,875$20,815
4 years$18,192$17,500$16,839$16,206$15,601$14,578
5 years$14,408$13,720$13,067$12,448$11,860$10,876
6 years$11,887$11,204$10,560$9,955$9,384$8,441
7 years$10,086$9,409$8,776$8,184$7,632$6,729
8 years$8,736$8,065$7,443$6,866$6,331$5,469
9 years$7,687$7,022$6,410$5,848$5,332$4,510
10 years$6,848$6,190$5,589$5,041$4,543$3,761
11 years$6,162$5,510$4,920$4,387$3,907$3,164
12 years$5,591$4,946$4,366$3,848$3,386$2,680
13 years$5,108$4,470$3,901$3,397$2,953$2,284
14 years$4,694$4,063$3,505$3,016$2,588$1,955
15 years$4,336$3,711$3,165$2,690$2,279$1,681
16 years$4,023$3,405$2,869$2,408$2,014$1,449
17 years$3,747$3,136$2,611$2,164$1,786$1,253
18 years$3,502$2,898$2,383$1,950$1,588$1,087
19 years$3,283$2,686$2,182$1,762$1,415$944
20 years$3,086$2,496$2,002$1,596$1,264$821
21 years$2,908$2,325$1,842$1,448$1,131$716
22 years$2,747$2,170$1,698$1,317$1,014$625
23 years$2,599$2,029$1,567$1,199$910$546
24 years$2,465$1,901$1,450$1,094$818$477
25 years$2,341$1,784$1,343$999$736$417
26 years$2,227$1,677$1,245$913$663$366
27 years$2,121$1,578$1,156$836$598$320
28 years$2,024$1,487$1,075$766$539$281
29 years$1,933$1,403$1,000$702$487$246
30 years$1,848$1,325$932$645$440$216
31 years$1,769$1,253$869$592$398$190
32 years$1,695$1,185$810$544$360$167
33 years$1,626$1,122$757$500$326$146
34 years$1,561$1,064$707$460$295$129
35 years$1,500$1,009$661$424$267$113
36 years$1,442$958$618$390$242$99
37 years$1,388$910$579$360$219$87
38 years$1,336$864$542$331$199$77
39 years$1,288$822$508$306$180$68
40 years$1,241$782$476$282$164$59
41 years$1,198$744$446$260$148$52
42 years$1,156$709$419$240$135$46
43 years$1,116$676$393$222$122$40
44 years$1,079$644$369$205$111$36
45 years$1,043$614$346$189$101$31
46 years$1,009$586$325$175$91$28
47 years$976$559$306$161$83$24
48 years$945$534$287$149$75$21
49 years$915$510$270$138$68$19
50 years$887$487$254$127$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $908,000, adding $4,092 every year, while hoping to spend $21,237 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: 44/39/17 Blend
29$908,000$908,000$908,000$908,000
30$1,004,837$956,713$942,639$1,043,949
31$1,084,734$980,996$951,621$1,096,071
32$1,172,069$1,005,757$960,193$1,150,103
33$1,267,578$1,030,997$968,317$1,208,218
34$1,372,072$1,056,717$975,957$1,270,802
35$1,486,443$1,082,915$983,071$1,338,281
36$1,611,674$1,109,592$989,617$1,411,123
37$1,748,847$1,136,744$995,552$1,489,845
38$1,899,155$1,164,370$1,000,828$1,575,015
39$2,063,910$1,192,465$1,005,397$1,667,259
40$2,244,557$1,221,024$1,009,206$1,767,268
41$2,442,690$1,250,042$1,012,203$1,875,802
42$2,660,061$1,279,512$1,014,328$1,993,699
43$2,898,603$1,309,424$1,015,524$2,121,880
44$3,160,444$1,339,769$1,015,728$2,261,364
45$3,447,927$1,370,535$1,014,873$2,413,270
46$3,763,635$1,401,711$1,012,890$2,578,832
47$4,110,412$1,433,280$1,009,708$2,759,413
48$4,491,391$1,465,228$1,005,250$2,956,510
49$4,910,024$1,497,535$999,437$3,171,777
50$5,370,113$1,530,181$992,185$3,407,033
51$5,875,848$1,563,144$983,407$3,664,287
52$6,431,845$1,596,398$973,011$3,945,749
53$7,043,188$1,629,917$960,902$4,253,857
54$7,715,481$1,663,670$946,979$4,591,299
55$8,454,894$1,697,624$931,137$4,961,035
56$9,268,229$1,731,744$913,267$5,366,328
57$10,162,979$1,765,990$893,252$5,810,776
58$11,147,399$1,800,319$870,972$6,298,343
59$12,230,586$1,834,687$846,301$6,833,399
60$13,422,561$1,869,042$819,108$7,420,759
61$14,734,369$1,903,332$789,254$8,065,733
62$16,178,176$1,937,496$756,596$8,774,171
63$17,767,389$1,971,473$720,981$9,552,522
64$19,516,783$2,005,195$682,254$10,407,893
65$21,442,633$2,038,588$640,248$11,348,119
66$23,562,877$2,071,574$594,792$12,381,834
67$25,897,279$2,104,070$545,705$13,518,555
68$28,467,616$2,135,983$492,801$14,768,773
69$31,297,884$2,167,218$435,881$16,144,048
70$34,414,527$2,197,671$374,742$17,657,124
71$37,846,682$2,227,230$309,169$19,322,045
72$41,626,456$2,255,776$238,938$21,154,292
73$45,789,228$2,283,183$163,816$23,170,928
74$50,373,984$2,309,314$83,559$25,390,757
75$55,423,684$2,334,024$0$27,834,505
76$60,985,668$2,357,159$0$30,525,397
77$67,112,101$2,378,554$0$33,504,430
78$73,860,465$2,398,034$0$36,784,231
79$81,294,104$2,415,409$0$40,395,439
80$89,482,821$2,430,483$0$44,371,816
81$98,503,534$2,443,041$0$48,750,572
82$108,441,003$2,452,859$0$53,572,713
83$119,388,632$2,459,696$0$58,883,430
84$131,449,350$2,463,298$0$64,732,526
85$144,736,577$2,463,393$0$71,174,885
86$159,375,302$2,459,694$0$78,270,994
87$175,503,259$2,451,895$0$86,087,511
88$193,272,225$2,439,671$0$94,697,898
89$212,849,456$2,422,679$0$104,183,112
90$234,419,264$2,400,554$0$114,632,373
91$258,184,755$2,372,908$0$126,144,004
92$284,369,751$2,339,331$0$138,826,363
93$313,220,896$2,299,389$0$152,798,865
94$345,009,989$2,252,620$0$168,193,111
95$380,036,547$2,198,538$0$185,154,130
96$418,630,634$2,136,625$0$203,841,752
97$461,155,973$2,066,334$0$224,432,116
98$508,013,385$1,987,087$0$247,119,333
99$559,644,568$1,898,272$0$272,117,323
100$616,536,266$1,799,240$0$299,661,833