Can I retire at age 30 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$75,230$74,559$73,906$73,268$72,644$70,263
2 years$37,242$36,549$35,877$35,225$34,593$32,216
3 years$24,582$23,885$23,214$22,569$21,947$19,650
4 years$18,252$17,558$16,894$16,260$15,653$13,453
5 years$14,456$13,766$13,111$12,489$11,899$9,802
6 years$11,926$11,241$10,595$9,987$9,415$7,423
7 years$10,119$9,440$8,805$8,211$7,657$5,769
8 years$8,765$8,092$7,467$6,888$6,352$4,567
9 years$7,712$7,045$6,431$5,867$5,350$3,666
10 years$6,870$6,210$5,607$5,058$4,558$2,973
11 years$6,182$5,529$4,936$4,402$3,920$2,430
12 years$5,609$4,962$4,381$3,861$3,397$1,999
13 years$5,125$4,484$3,914$3,409$2,962$1,653
14 years$4,710$4,076$3,517$3,026$2,597$1,372
15 years$4,350$3,724$3,175$2,698$2,286$1,143
16 years$4,036$3,416$2,879$2,416$2,021$955
17 years$3,759$3,146$2,620$2,171$1,792$799
18 years$3,513$2,907$2,391$1,956$1,593$670
19 years$3,294$2,694$2,189$1,768$1,420$563
20 years$3,096$2,504$2,009$1,601$1,268$473
21 years$2,918$2,332$1,848$1,453$1,135$399
22 years$2,756$2,177$1,703$1,321$1,017$336
23 years$2,608$2,036$1,573$1,203$913$283
24 years$2,473$1,908$1,454$1,097$821$239
25 years$2,349$1,790$1,347$1,002$739$202
26 years$2,234$1,683$1,249$916$665$170
27 years$2,128$1,584$1,160$839$600$144
28 years$2,030$1,492$1,078$768$541$122
29 years$1,939$1,408$1,004$705$489$103
30 years$1,854$1,329$935$647$442$87
31 years$1,775$1,257$872$594$399$74
32 years$1,701$1,189$813$546$361$62
33 years$1,631$1,126$759$502$327$53
34 years$1,566$1,067$709$462$296$45
35 years$1,505$1,012$663$425$268$38
36 years$1,447$961$620$392$243$32
37 years$1,392$913$581$361$220$27
38 years$1,341$867$544$333$200$23
39 years$1,292$825$509$307$181$19
40 years$1,245$785$478$283$164$16
41 years$1,202$747$448$261$149$14
42 years$1,160$711$420$241$135$12
43 years$1,120$678$394$222$123$10
44 years$1,082$646$370$205$111$8
45 years$1,046$616$347$190$101$7
46 years$1,012$588$326$175$92$6
47 years$979$561$307$162$83$5
48 years$948$535$288$149$76$4
49 years$918$511$271$138$69$4
50 years$889$488$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $911,000, adding $6,429 every year, while hoping to spend $41,981 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: 45/46/9 Blend
29$911,000$911,000$911,000$911,000
30$1,010,554$962,271$948,150$1,053,186
31$1,068,963$964,754$935,246$1,085,815
32$1,131,922$965,953$920,502$1,116,344
33$1,199,852$965,759$903,813$1,148,488
34$1,273,214$964,058$885,068$1,182,411
35$1,352,515$960,730$864,150$1,218,295
36$1,438,312$955,645$840,939$1,256,343
37$1,531,217$948,669$815,308$1,296,781
38$1,631,903$939,656$787,123$1,339,862
39$1,741,111$928,453$756,245$1,385,865
40$1,859,655$914,898$722,530$1,435,103
41$1,988,431$898,819$685,826$1,487,923
42$2,128,423$880,033$645,973$1,544,710
43$2,280,715$858,348$602,806$1,605,894
44$2,446,499$833,558$556,152$1,671,951
45$2,627,088$805,448$505,829$1,743,411
46$2,823,925$773,789$451,648$1,820,861
47$3,038,598$738,338$393,411$1,904,954
48$3,272,858$698,839$330,913$1,996,415
49$3,528,627$655,020$263,937$2,096,048
50$3,808,027$606,596$192,258$2,204,744
51$4,113,389$553,262$115,642$2,323,492
52$4,447,281$494,699$33,843$2,453,388
53$4,812,532$430,567$0$2,595,648
54$5,212,254$360,509$0$2,756,752
55$5,649,877$284,147$0$2,936,859
56$6,129,176$201,081$0$3,134,397
57$6,654,308$110,890$0$3,351,223
58$7,229,852$13,129$0$3,589,394
59$7,860,851$0$0$3,851,182
60$8,552,858$0$0$4,186,013
61$9,311,992$0$0$4,560,724
62$10,144,990$0$0$4,972,009
63$11,059,273$0$0$5,423,547
64$12,063,018$0$0$5,919,390
65$13,165,229$0$0$6,464,003
66$14,375,826$0$0$7,062,302
67$15,705,739$0$0$7,719,706
68$17,167,005$0$0$8,442,181
69$18,772,888$0$0$9,236,304
70$20,537,998$0$0$10,109,318
71$22,478,434$0$0$11,069,202
72$24,611,929$0$0$12,124,750
73$26,958,023$0$0$13,285,648
74$29,538,242$0$0$14,562,569
75$32,376,303$0$0$15,967,273
76$35,498,340$0$0$17,512,715
77$38,933,144$0$0$19,213,170
78$42,712,438$0$0$21,084,368
79$46,871,175$0$0$23,143,639
80$51,447,869$0$0$25,410,078
81$56,484,955$0$0$27,904,727
82$62,029,189$0$0$30,650,768
83$68,132,092$0$0$33,673,749
84$74,850,433$0$0$37,001,816
85$82,246,764$0$0$40,665,987
86$90,390,011$0$0$44,700,437
87$99,356,123$0$0$49,142,827
88$109,228,788$0$0$54,034,653
89$120,100,222$0$0$59,421,642
90$132,072,040$0$0$65,354,181
91$145,256,214$0$0$71,887,792
92$159,776,128$0$0$79,083,657
93$175,767,742$0$0$87,009,195
94$193,380,876$0$0$95,738,696
95$212,780,621$0$0$105,354,025
96$234,148,900$0$0$115,945,392
97$257,686,180$0$0$127,612,204
98$283,613,366$0$0$140,464,003
99$312,173,886$0$0$154,621,499
100$343,635,985$0$0$170,217,710