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%16.3%
1 years$75,312$74,641$73,987$73,348$72,724$70,851
2 years$37,283$36,589$35,916$35,263$34,631$32,756
3 years$24,609$23,911$23,240$22,594$21,971$20,154
4 years$18,273$17,577$16,913$16,277$15,670$13,923
5 years$14,472$13,781$13,125$12,503$11,912$10,241
6 years$11,939$11,253$10,607$9,998$9,426$7,833
7 years$10,130$9,450$8,814$8,220$7,666$6,150
8 years$8,775$8,101$7,475$6,896$6,359$4,921
9 years$7,721$7,053$6,438$5,874$5,355$3,993
10 years$6,878$6,217$5,613$5,063$4,563$3,275
11 years$6,189$5,535$4,942$4,406$3,924$2,708
12 years$5,615$4,968$4,386$3,865$3,401$2,254
13 years$5,130$4,489$3,918$3,412$2,966$1,887
14 years$4,715$4,081$3,521$3,029$2,600$1,586
15 years$4,355$3,728$3,179$2,701$2,289$1,338
16 years$4,041$3,420$2,882$2,419$2,023$1,132
17 years$3,763$3,150$2,622$2,173$1,794$960
18 years$3,517$2,911$2,394$1,959$1,595$816
19 years$3,297$2,697$2,192$1,770$1,422$695
20 years$3,100$2,507$2,011$1,603$1,270$592
21 years$2,921$2,335$1,850$1,455$1,136$506
22 years$2,759$2,179$1,705$1,323$1,019$432
23 years$2,611$2,038$1,574$1,205$914$370
24 years$2,476$1,910$1,456$1,099$822$316
25 years$2,351$1,792$1,349$1,003$739$271
26 years$2,237$1,684$1,251$917$666$232
27 years$2,131$1,585$1,161$840$601$199
28 years$2,033$1,494$1,080$769$542$171
29 years$1,941$1,409$1,005$705$489$147
30 years$1,856$1,331$936$647$442$126
31 years$1,777$1,258$872$595$400$108
32 years$1,703$1,190$814$547$362$93
33 years$1,633$1,127$760$503$327$80
34 years$1,568$1,068$710$462$296$68
35 years$1,506$1,013$664$426$268$59
36 years$1,448$962$621$392$243$51
37 years$1,394$914$581$361$220$43
38 years$1,342$868$544$333$200$37
39 years$1,293$826$510$307$181$32
40 years$1,247$785$478$283$164$28
41 years$1,203$748$448$261$149$24
42 years$1,161$712$420$241$135$20
43 years$1,121$678$395$223$123$18
44 years$1,084$647$370$205$111$15
45 years$1,048$617$348$190$101$13
46 years$1,013$588$327$175$92$11
47 years$980$561$307$162$83$10
48 years$949$536$288$150$76$8
49 years$919$512$271$138$69$7
50 years$890$489$255$128$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $912,000, adding $5,349 every year, while hoping to spend $26,508 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: 73/13/14 Blend
29$912,000$912,000$912,000$912,000
30$1,010,541$962,205$948,069$1,080,860
31$1,085,412$981,149$951,626$1,147,073
32$1,167,032$1,000,133$954,412$1,215,800
33$1,256,060$1,019,130$956,376$1,290,373
34$1,353,223$1,038,113$957,460$1,371,364
35$1,459,323$1,057,051$957,605$1,459,403
36$1,575,238$1,075,911$956,750$1,555,187
37$1,701,940$1,094,658$954,828$1,659,481
38$1,840,495$1,113,254$951,772$1,773,128
39$1,992,079$1,131,656$947,510$1,897,058
40$2,157,985$1,149,822$941,966$2,032,296
41$2,339,640$1,167,703$935,062$2,179,970
42$2,538,612$1,185,250$926,715$2,341,323
43$2,756,629$1,202,406$916,839$2,517,727
44$2,995,595$1,219,114$905,343$2,710,691
45$3,257,606$1,235,311$892,133$2,921,880
46$3,544,971$1,250,930$877,108$3,153,126
47$3,860,232$1,265,899$860,165$3,406,452
48$4,206,191$1,280,143$841,196$3,684,085
49$4,585,932$1,293,580$820,085$3,988,478
50$5,002,854$1,306,123$796,715$4,322,337
51$5,460,701$1,317,678$770,961$4,688,643
52$5,963,596$1,328,148$742,691$5,090,680
53$6,516,082$1,337,427$711,771$5,532,071
54$7,123,164$1,345,402$678,057$6,016,804
55$7,790,356$1,351,955$641,401$6,549,277
56$8,523,731$1,356,960$601,646$7,134,338
57$9,329,980$1,360,280$558,630$7,777,328
58$10,216,478$1,361,773$512,184$8,484,133
59$11,191,345$1,361,287$462,129$9,261,242
60$12,263,532$1,358,660$408,280$10,115,805
61$13,442,898$1,353,720$350,443$11,055,702
62$14,740,307$1,346,285$288,416$12,089,620
63$16,167,728$1,336,163$221,988$13,227,130
64$17,738,349$1,323,147$150,937$14,478,781
65$19,466,701$1,307,022$75,033$15,856,201
66$21,368,794$1,287,556$0$17,372,203
67$23,462,270$1,264,505$0$19,041,802
68$25,766,568$1,237,612$0$20,891,689
69$28,303,105$1,206,602$0$22,927,837
70$31,095,482$1,171,186$0$25,169,192
71$34,169,703$1,131,056$0$27,636,631
72$37,554,423$1,085,888$0$30,353,162
73$41,281,216$1,035,338$0$33,344,136
74$45,384,873$979,043$0$36,637,494
75$49,903,732$916,618$0$40,264,023
76$54,880,037$847,656$0$44,257,651
77$60,360,338$771,729$0$48,655,768
78$66,395,929$688,381$0$53,499,575
79$73,043,335$597,132$0$58,834,477
80$80,364,839$497,475$0$64,710,511
81$88,429,075$388,874$0$71,182,816
82$97,311,675$270,763$0$78,312,158
83$107,095,979$142,544$0$86,165,498
84$117,873,825$3,585$0$94,816,631
85$129,746,415$0$0$104,346,877
86$142,825,266$0$0$114,866,850
87$157,233,269$0$0$126,456,555
88$173,105,843$0$0$139,224,419
89$190,592,215$0$0$153,290,489
90$209,856,829$0$0$168,787,050
91$231,080,895$0$0$185,859,880
92$254,464,105$0$0$204,669,620
93$280,226,510$0$0$225,393,292
94$308,610,603$0$0$248,225,971
95$339,883,604$0$0$273,382,624
96$374,339,986$0$0$301,100,140
97$412,304,248$0$0$331,639,567
98$454,133,985$0$0$365,288,571
99$500,223,259$0$0$402,364,161
100$551,006,318$0$0$443,215,669