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%13.5%
1 years$74,982$74,314$73,662$73,026$72,405$71,353
2 years$37,120$36,428$35,758$35,109$34,479$33,420
3 years$24,501$23,806$23,138$22,495$21,875$20,844
4 years$18,192$17,500$16,839$16,206$15,601$14,605
5 years$14,408$13,720$13,067$12,448$11,860$10,902
6 years$11,887$11,204$10,560$9,955$9,384$8,466
7 years$10,086$9,409$8,776$8,184$7,632$6,753
8 years$8,736$8,065$7,443$6,866$6,331$5,492
9 years$7,687$7,022$6,410$5,848$5,332$4,531
10 years$6,848$6,190$5,589$5,041$4,543$3,781
11 years$6,162$5,510$4,920$4,387$3,907$3,182
12 years$5,591$4,946$4,366$3,848$3,386$2,698
13 years$5,108$4,470$3,901$3,397$2,953$2,300
14 years$4,694$4,063$3,505$3,016$2,588$1,971
15 years$4,336$3,711$3,165$2,690$2,279$1,695
16 years$4,023$3,405$2,869$2,408$2,014$1,463
17 years$3,747$3,136$2,611$2,164$1,786$1,266
18 years$3,502$2,898$2,383$1,950$1,588$1,098
19 years$3,283$2,686$2,182$1,762$1,415$955
20 years$3,086$2,496$2,002$1,596$1,264$831
21 years$2,908$2,325$1,842$1,448$1,131$725
22 years$2,747$2,170$1,698$1,317$1,014$633
23 years$2,599$2,029$1,567$1,199$910$553
24 years$2,465$1,901$1,450$1,094$818$484
25 years$2,341$1,784$1,343$999$736$424
26 years$2,227$1,677$1,245$913$663$372
27 years$2,121$1,578$1,156$836$598$326
28 years$2,024$1,487$1,075$766$539$286
29 years$1,933$1,403$1,000$702$487$251
30 years$1,848$1,325$932$645$440$221
31 years$1,769$1,253$869$592$398$194
32 years$1,695$1,185$810$544$360$170
33 years$1,626$1,122$757$500$326$150
34 years$1,561$1,064$707$460$295$132
35 years$1,500$1,009$661$424$267$116
36 years$1,442$958$618$390$242$102
37 years$1,388$910$579$360$219$90
38 years$1,336$864$542$331$199$79
39 years$1,288$822$508$306$180$70
40 years$1,241$782$476$282$164$61
41 years$1,198$744$446$260$148$54
42 years$1,156$709$419$240$135$47
43 years$1,116$676$393$222$122$42
44 years$1,079$644$369$205$111$37
45 years$1,043$614$346$189$101$32
46 years$1,009$586$325$175$91$29
47 years$976$559$306$161$83$25
48 years$945$534$287$149$75$22
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 $3,434 every year, while hoping to spend $38,035 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: 67/6/27 Blend
29$908,000$908,000$908,000$908,000
30$1,004,158$956,034$941,960$1,064,148
31$1,066,113$962,411$933,047$1,111,341
32$1,133,113$967,825$922,560$1,158,327
33$1,205,632$972,190$910,407$1,208,859
34$1,284,192$975,412$896,491$1,263,291
35$1,369,365$977,394$880,709$1,322,012
36$1,461,783$978,029$862,956$1,385,450
37$1,562,139$977,206$843,119$1,454,079
38$1,671,196$974,808$821,082$1,528,423
39$1,789,793$970,708$796,723$1,609,060
40$1,918,853$964,774$769,915$1,696,627
41$2,059,392$956,864$740,523$1,791,828
42$2,212,527$946,828$708,408$1,895,441
43$2,379,490$934,507$673,424$2,008,322
44$2,561,632$919,733$635,419$2,131,419
45$2,760,446$902,327$594,232$2,265,776
46$2,977,571$882,100$549,699$2,412,546
47$3,214,813$858,853$501,643$2,573,001
48$3,474,159$832,372$449,883$2,748,545
49$3,757,799$802,434$394,230$2,940,727
50$4,068,142$768,801$334,485$3,151,257
51$4,407,843$731,223$270,440$3,382,019
52$4,779,823$689,432$201,880$3,635,095
53$5,187,299$643,149$128,577$3,912,780
54$5,633,816$592,076$50,297$4,217,606
55$6,123,276$535,898$0$4,552,366
56$6,659,978$474,285$0$4,929,718
57$7,248,656$406,884$0$5,359,570
58$7,894,523$333,326$0$5,831,242
59$8,603,323$253,218$0$6,348,951
60$9,381,384$166,148$0$6,917,340
61$10,235,673$71,677$0$7,541,527
62$11,173,867$0$0$8,227,150
63$12,204,423$0$0$8,982,446
64$13,336,656$0$0$9,817,519
65$14,580,830$0$0$10,735,214
66$15,948,250$0$0$11,743,878
67$17,451,373$0$0$12,852,706
68$19,103,921$0$0$14,071,829
69$20,921,013$0$0$15,412,410
70$22,919,305$0$0$16,886,746
71$25,117,151$0$0$18,508,385
72$27,534,769$0$0$20,292,256
73$30,194,438$0$0$22,254,806
74$33,120,703$0$0$24,414,158
75$36,340,610$0$0$26,790,278
76$39,883,958$0$0$29,405,168
77$43,783,580$0$0$32,283,068
78$48,075,655$0$0$35,450,689
79$52,800,045$0$0$38,937,463
80$58,000,674$0$0$42,775,817
81$63,725,941$0$0$47,001,486
82$70,029,174$0$0$51,653,842
83$76,969,138$0$0$56,776,273
84$84,610,583$0$0$62,416,584
85$93,024,859$0$0$68,627,455
86$102,290,587$0$0$75,466,932
87$112,494,401$0$0$82,998,980
88$123,731,765$0$0$91,294,081
89$136,107,872$0$0$100,429,902
90$149,738,639$0$0$110,492,027
91$164,751,799$0$0$121,574,764
92$181,288,106$0$0$133,782,037
93$199,502,662$0$0$147,228,360
94$219,566,382$0$0$162,039,926
95$241,667,608$0$0$178,355,791
96$266,013,880$0$0$196,329,189
97$292,833,901$0$0$216,128,980
98$322,379,693$0$0$237,941,236
99$354,928,972$0$0$261,971,007
100$390,787,774$0$0$288,444,247