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%17.5%
1 years$74,982$74,314$73,662$73,026$72,405$70,200
2 years$37,120$36,428$35,758$35,109$34,479$32,276
3 years$24,501$23,806$23,138$22,495$21,875$19,743
4 years$18,192$17,500$16,839$16,206$15,601$13,558
5 years$14,408$13,720$13,067$12,448$11,860$9,910
6 years$11,887$11,204$10,560$9,955$9,384$7,529
7 years$10,086$9,409$8,776$8,184$7,632$5,872
8 years$8,736$8,065$7,443$6,866$6,331$4,665
9 years$7,687$7,022$6,410$5,848$5,332$3,758
10 years$6,848$6,190$5,589$5,041$4,543$3,059
11 years$6,162$5,510$4,920$4,387$3,907$2,510
12 years$5,591$4,946$4,366$3,848$3,386$2,073
13 years$5,108$4,470$3,901$3,397$2,953$1,721
14 years$4,694$4,063$3,505$3,016$2,588$1,435
15 years$4,336$3,711$3,165$2,690$2,279$1,200
16 years$4,023$3,405$2,869$2,408$2,014$1,007
17 years$3,747$3,136$2,611$2,164$1,786$847
18 years$3,502$2,898$2,383$1,950$1,588$713
19 years$3,283$2,686$2,182$1,762$1,415$602
20 years$3,086$2,496$2,002$1,596$1,264$508
21 years$2,908$2,325$1,842$1,448$1,131$430
22 years$2,747$2,170$1,698$1,317$1,014$364
23 years$2,599$2,029$1,567$1,199$910$309
24 years$2,465$1,901$1,450$1,094$818$262
25 years$2,341$1,784$1,343$999$736$222
26 years$2,227$1,677$1,245$913$663$188
27 years$2,121$1,578$1,156$836$598$160
28 years$2,024$1,487$1,075$766$539$136
29 years$1,933$1,403$1,000$702$487$115
30 years$1,848$1,325$932$645$440$98
31 years$1,769$1,253$869$592$398$83
32 years$1,695$1,185$810$544$360$71
33 years$1,626$1,122$757$500$326$60
34 years$1,561$1,064$707$460$295$51
35 years$1,500$1,009$661$424$267$44
36 years$1,442$958$618$390$242$37
37 years$1,388$910$579$360$219$32
38 years$1,336$864$542$331$199$27
39 years$1,288$822$508$306$180$23
40 years$1,241$782$476$282$164$19
41 years$1,198$744$446$260$148$17
42 years$1,156$709$419$240$135$14
43 years$1,116$676$393$222$122$12
44 years$1,079$644$369$205$111$10
45 years$1,043$614$346$189$101$9
46 years$1,009$586$325$175$91$7
47 years$976$559$306$161$83$6
48 years$945$534$287$149$75$5
49 years$915$510$270$138$68$5
50 years$887$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $908,000, adding $4,745 every year, while hoping to spend $42,847 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: 89/5/6 Blend
29$908,000$908,000$908,000$908,000
30$1,005,510$957,386$943,312$1,094,428
31$1,062,484$958,710$929,325$1,154,316
32$1,123,832$958,661$913,432$1,213,634
33$1,189,957$957,130$895,526$1,277,438
34$1,261,298$953,995$875,492$1,346,148
35$1,338,340$949,130$853,210$1,420,222
36$1,421,615$942,402$828,557$1,500,170
37$1,511,707$933,666$801,401$1,586,548
38$1,609,258$922,774$771,605$1,679,970
39$1,714,976$909,563$739,027$1,781,112
40$1,829,636$893,864$703,517$1,890,719
41$1,954,093$875,497$664,919$2,009,608
42$2,089,287$854,273$623,070$2,138,681
43$2,236,250$829,988$577,799$2,278,931
44$2,396,120$802,430$528,928$2,431,451
45$2,570,148$771,373$476,270$2,597,444
46$2,759,710$736,577$419,632$2,778,237
47$2,966,320$697,789$358,809$2,975,288
48$3,191,646$654,741$293,591$3,190,205
49$3,437,522$607,152$223,754$3,424,760
50$3,705,967$554,721$149,068$3,680,904
51$3,999,206$497,132$69,292$3,960,786
52$4,319,684$434,051$0$4,266,772
53$4,670,097$365,124$0$4,602,486
54$5,053,411$289,979$0$4,974,585
55$5,472,892$208,222$0$5,381,813
56$5,932,137$119,435$0$5,827,675
57$6,435,107$23,179$0$6,316,034
58$6,986,164$0$0$6,851,141
59$7,590,111$0$0$7,442,141
60$8,252,238$0$0$8,091,476
61$8,978,372$0$0$8,803,586
62$9,774,931$0$0$9,584,765
63$10,648,983$0$0$10,441,945
64$11,608,314$0$0$11,382,763
65$12,661,500$0$0$12,415,631
66$13,817,989$0$0$13,549,813
67$15,088,188$0$0$14,795,517
68$16,483,561$0$0$16,163,987
69$18,016,738$0$0$17,667,609
70$19,701,633$0$0$19,320,031
71$21,553,574$0$0$21,136,284
72$23,589,447$0$0$23,132,933
73$25,827,857$0$0$25,328,223
74$28,289,303$0$0$27,742,258
75$30,996,366$0$0$30,397,187
76$33,973,930$0$0$33,317,413
77$37,249,406$0$0$36,529,823
78$40,853,000$0$0$40,064,041
79$44,817,992$0$0$43,952,707
80$49,181,049$0$0$48,231,785
81$53,982,575$0$0$52,940,899
82$59,267,085$0$0$58,123,711
83$65,083,632$0$0$63,828,329
84$71,486,262$0$0$70,107,762
85$78,534,530$0$0$77,020,419
86$86,294,056$0$0$84,630,660
87$94,837,147$0$0$93,009,401
88$104,243,479$0$0$102,234,786
89$114,600,843$0$0$112,392,921
90$126,005,982$0$0$123,578,686
91$138,565,494$0$0$135,896,632
92$152,396,844$0$0$149,461,966
93$167,629,468$0$0$164,401,636
94$184,405,997$0$0$180,855,531
95$202,883,598$0$0$198,977,798
96$223,235,463$0$0$218,938,299
97$245,652,437$0$0$240,924,211
98$270,344,821$0$0$265,141,794
99$297,544,357$0$0$291,818,335
100$327,506,413$0$0$321,204,293