Can I retire at age 30 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$75,312$74,641$73,987$73,348$72,724$72,296
2 years$37,283$36,589$35,916$35,263$34,631$34,199
3 years$24,609$23,911$23,240$22,594$21,971$21,549
4 years$18,273$17,577$16,913$16,277$15,670$15,261
5 years$14,472$13,781$13,125$12,503$11,912$11,517
6 years$11,939$11,253$10,607$9,998$9,426$9,045
7 years$10,130$9,450$8,814$8,220$7,666$7,299
8 years$8,775$8,101$7,475$6,896$6,359$6,008
9 years$7,721$7,053$6,438$5,874$5,355$5,019
10 years$6,878$6,217$5,613$5,063$4,563$4,241
11 years$6,189$5,535$4,942$4,406$3,924$3,616
12 years$5,615$4,968$4,386$3,865$3,401$3,107
13 years$5,130$4,489$3,918$3,412$2,966$2,685
14 years$4,715$4,081$3,521$3,029$2,600$2,333
15 years$4,355$3,728$3,179$2,701$2,289$2,035
16 years$4,041$3,420$2,882$2,419$2,023$1,782
17 years$3,763$3,150$2,622$2,173$1,794$1,565
18 years$3,517$2,911$2,394$1,959$1,595$1,378
19 years$3,297$2,697$2,192$1,770$1,422$1,216
20 years$3,100$2,507$2,011$1,603$1,270$1,075
21 years$2,921$2,335$1,850$1,455$1,136$953
22 years$2,759$2,179$1,705$1,323$1,019$845
23 years$2,611$2,038$1,574$1,205$914$751
24 years$2,476$1,910$1,456$1,099$822$668
25 years$2,351$1,792$1,349$1,003$739$594
26 years$2,237$1,684$1,251$917$666$530
27 years$2,131$1,585$1,161$840$601$472
28 years$2,033$1,494$1,080$769$542$422
29 years$1,941$1,409$1,005$705$489$376
30 years$1,856$1,331$936$647$442$336
31 years$1,777$1,258$872$595$400$301
32 years$1,703$1,190$814$547$362$269
33 years$1,633$1,127$760$503$327$241
34 years$1,568$1,068$710$462$296$215
35 years$1,506$1,013$664$426$268$193
36 years$1,448$962$621$392$243$173
37 years$1,394$914$581$361$220$155
38 years$1,342$868$544$333$200$139
39 years$1,293$826$510$307$181$124
40 years$1,247$785$478$283$164$111
41 years$1,203$748$448$261$149$100
42 years$1,161$712$420$241$135$89
43 years$1,121$678$395$223$123$80
44 years$1,084$647$370$205$111$72
45 years$1,048$617$348$190$101$65
46 years$1,013$588$327$175$92$58
47 years$980$561$307$162$83$52
48 years$949$536$288$150$76$47
49 years$919$512$271$138$69$42
50 years$890$489$255$128$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $912,000, adding $3,890 every year, while hoping to spend $47,066 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: 61/9/30 Blend
29$912,000$912,000$912,000$912,000
30$1,009,037$960,701$946,565$1,062,169
31$1,061,880$957,697$928,197$1,095,861
32$1,118,537$952,969$907,636$1,127,246
33$1,179,345$946,382$884,759$1,160,533
34$1,244,678$937,794$859,438$1,195,917
35$1,314,943$927,053$831,537$1,233,619
36$1,390,589$914,001$800,915$1,273,880
37$1,472,109$898,467$767,426$1,316,971
38$1,560,044$880,272$730,915$1,363,190
39$1,654,988$859,225$691,220$1,412,870
40$1,757,596$835,126$648,175$1,466,378
41$1,868,583$807,760$601,602$1,524,122
42$1,988,741$776,902$551,317$1,586,556
43$2,118,935$742,314$497,129$1,654,179
44$2,260,121$703,741$438,838$1,727,547
45$2,413,347$660,918$376,232$1,807,276
46$2,579,767$613,562$309,095$1,894,047
47$2,760,650$561,373$237,196$1,988,613
48$2,957,392$504,036$160,298$2,091,811
49$3,171,529$441,217$78,151$2,204,562
50$3,404,752$372,563$0$2,327,891
51$3,658,919$297,701$0$2,465,974
52$3,936,078$216,238$0$2,643,910
53$4,238,482$127,758$0$2,838,133
54$4,568,610$31,821$0$3,050,266
55$4,929,193$0$0$3,282,100
56$5,323,233$0$0$3,542,742
57$5,754,041$0$0$3,831,217
58$6,225,258$0$0$4,146,821
59$6,740,895$0$0$4,492,247
60$7,305,368$0$0$4,870,465
61$7,923,539$0$0$5,284,741
62$8,600,764$0$0$5,738,674
63$9,342,940$0$0$6,236,227
64$10,156,562$0$0$6,781,766
65$11,048,784$0$0$7,380,096
66$12,027,485$0$0$8,036,514
67$13,101,342$0$0$8,756,852
68$14,279,916$0$0$9,547,533
69$15,573,734$0$0$10,415,634
70$16,994,395$0$0$11,368,951
71$18,554,676$0$0$12,416,070
72$20,268,652$0$0$13,566,451
73$22,151,827$0$0$14,830,515
74$24,221,284$0$0$16,219,743
75$26,495,838$0$0$17,746,782
76$28,996,223$0$0$19,425,567
77$31,745,278$0$0$21,271,449
78$34,768,167$0$0$23,301,342
79$38,092,614$0$0$25,533,881
80$41,749,165$0$0$27,989,596
81$45,771,473$0$0$30,691,109
82$50,196,620$0$0$33,663,343
83$55,065,460$0$0$36,933,760
84$60,423,009$0$0$40,532,618
85$66,318,865$0$0$44,493,255
86$72,807,678$0$0$48,852,405
87$79,949,666$0$0$53,650,545
88$87,811,178$0$0$58,932,274
89$96,465,323$0$0$64,746,735
90$105,992,660$0$0$71,148,077
91$116,481,953$0$0$78,195,967
92$128,031,012$0$0$85,956,151
93$140,747,614$0$0$94,501,077
94$154,750,519$0$0$103,910,572
95$170,170,590$0$0$114,272,604
96$187,152,026$0$0$125,684,102
97$205,853,726$0$0$138,251,877
98$226,450,784$0$0$152,093,627
99$249,136,141$0$0$167,339,047
100$274,122,406$0$0$184,131,054