Can I retire at age 30 with 908,000?

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 $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%12.2%
1 years$74,982$74,314$73,662$73,026$72,405$71,739
2 years$37,120$36,428$35,758$35,109$34,479$33,807
3 years$24,501$23,806$23,138$22,495$21,875$21,219
4 years$18,192$17,500$16,839$16,206$15,601$14,966
5 years$14,408$13,720$13,067$12,448$11,860$11,248
6 years$11,887$11,204$10,560$9,955$9,384$8,796
7 years$10,086$9,409$8,776$8,184$7,632$7,067
8 years$8,736$8,065$7,443$6,866$6,331$5,790
9 years$7,687$7,022$6,410$5,848$5,332$4,814
10 years$6,848$6,190$5,589$5,041$4,543$4,049
11 years$6,162$5,510$4,920$4,387$3,907$3,436
12 years$5,591$4,946$4,366$3,848$3,386$2,937
13 years$5,108$4,470$3,901$3,397$2,953$2,525
14 years$4,694$4,063$3,505$3,016$2,588$2,182
15 years$4,336$3,711$3,165$2,690$2,279$1,894
16 years$4,023$3,405$2,869$2,408$2,014$1,649
17 years$3,747$3,136$2,611$2,164$1,786$1,440
18 years$3,502$2,898$2,383$1,950$1,588$1,261
19 years$3,283$2,686$2,182$1,762$1,415$1,107
20 years$3,086$2,496$2,002$1,596$1,264$973
21 years$2,908$2,325$1,842$1,448$1,131$857
22 years$2,747$2,170$1,698$1,317$1,014$755
23 years$2,599$2,029$1,567$1,199$910$667
24 years$2,465$1,901$1,450$1,094$818$590
25 years$2,341$1,784$1,343$999$736$522
26 years$2,227$1,677$1,245$913$663$462
27 years$2,121$1,578$1,156$836$598$409
28 years$2,024$1,487$1,075$766$539$363
29 years$1,933$1,403$1,000$702$487$322
30 years$1,848$1,325$932$645$440$286
31 years$1,769$1,253$869$592$398$254
32 years$1,695$1,185$810$544$360$226
33 years$1,626$1,122$757$500$326$201
34 years$1,561$1,064$707$460$295$178
35 years$1,500$1,009$661$424$267$159
36 years$1,442$958$618$390$242$141
37 years$1,388$910$579$360$219$125
38 years$1,336$864$542$331$199$112
39 years$1,288$822$508$306$180$99
40 years$1,241$782$476$282$164$88
41 years$1,198$744$446$260$148$79
42 years$1,156$709$419$240$135$70
43 years$1,116$676$393$222$122$62
44 years$1,079$644$369$205$111$56
45 years$1,043$614$346$189$101$50
46 years$1,009$586$325$175$91$44
47 years$976$559$306$161$83$39
48 years$945$534$287$149$75$35
49 years$915$510$270$138$68$31
50 years$887$487$254$127$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $908,000, adding $2,369 every year, while hoping to spend $44,836 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: 34/40/26 Blend
29$908,000$908,000$908,000$908,000
30$1,003,060$954,936$940,862$1,029,182
31$1,057,667$954,022$924,675$1,048,069
32$1,116,341$951,562$906,444$1,064,216
33$1,179,449$947,430$886,052$1,080,746
34$1,247,397$941,497$863,378$1,097,723
35$1,320,625$933,625$838,295$1,115,221
36$1,399,622$923,665$810,671$1,133,324
37$1,484,921$911,463$780,366$1,152,132
38$1,577,111$896,852$747,236$1,171,755
39$1,676,837$879,659$711,130$1,192,321
40$1,784,809$859,697$671,888$1,213,977
41$1,901,808$836,771$629,344$1,236,887
42$2,028,692$810,672$583,327$1,261,241
43$2,166,404$781,181$533,654$1,287,250
44$2,315,983$748,064$480,137$1,315,155
45$2,478,570$711,075$422,578$1,345,227
46$2,655,421$669,955$360,771$1,377,774
47$2,847,917$624,427$294,500$1,413,138
48$3,057,581$574,199$223,542$1,451,707
49$3,286,083$518,964$147,660$1,493,916
50$3,535,267$458,397$66,610$1,540,253
51$3,807,159$392,153$0$1,591,264
52$4,103,990$319,869$0$1,653,077
53$4,428,215$241,161$0$1,740,939
54$4,782,538$155,623$0$1,837,193
55$5,169,936$62,827$0$1,942,775
56$5,593,684$0$0$2,058,722
57$6,057,392$0$0$2,202,770
58$6,565,033$0$0$2,390,868
59$7,120,981$0$0$2,596,999
60$7,730,055$0$0$2,822,968
61$8,397,560$0$0$3,070,759
62$9,129,341$0$0$3,342,560
63$9,931,833$0$0$3,640,780
64$10,812,125$0$0$3,968,073
65$11,778,025$0$0$4,327,361
66$12,838,134$0$0$4,721,866
67$14,001,924$0$0$5,155,132
68$15,279,832$0$0$5,631,069
69$16,683,352$0$0$6,153,979
70$18,225,147$0$0$6,728,606
71$19,919,169$0$0$7,360,172
72$21,780,785$0$0$8,054,433
73$23,826,927$0$0$8,817,730
74$26,076,247$0$0$9,657,049
75$28,549,295$0$0$10,580,085
76$31,268,712$0$0$11,595,318
77$34,259,443$0$0$12,712,091
78$37,548,970$0$0$13,940,697
79$41,167,572$0$0$15,292,478
80$45,148,614$0$0$16,779,931
81$49,528,853$0$0$18,416,824
82$54,348,792$0$0$20,218,328
83$59,653,056$0$0$22,201,160
84$65,490,817$0$0$24,383,739
85$71,916,254$0$0$26,786,359
86$78,989,064$0$0$29,431,384
87$86,775,028$0$0$32,343,455
88$95,346,626$0$0$35,549,725
89$104,783,724$0$0$39,080,113
90$115,174,326$0$0$42,967,585
91$126,615,404$0$0$47,248,471
92$139,213,810$0$0$51,962,801
93$153,087,288$0$0$57,154,684
94$168,365,582$0$0$62,872,727
95$185,191,658$0$0$69,170,491
96$203,723,056$0$0$76,106,996
97$224,133,376$0$0$83,747,280
98$246,613,911$0$0$92,163,010
99$271,375,457$0$0$101,433,160
100$298,650,299$0$0$111,644,755