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%15.4%
1 years$75,312$74,641$73,987$73,348$72,724$71,111
2 years$37,283$36,589$35,916$35,263$34,631$33,013
3 years$24,609$23,911$23,240$22,594$21,971$20,401
4 years$18,273$17,577$16,913$16,277$15,670$14,158
5 years$14,472$13,781$13,125$12,503$11,912$10,464
6 years$11,939$11,253$10,607$9,998$9,426$8,042
7 years$10,130$9,450$8,814$8,220$7,666$6,347
8 years$8,775$8,101$7,475$6,896$6,359$5,105
9 years$7,721$7,053$6,438$5,874$5,355$4,165
10 years$6,878$6,217$5,613$5,063$4,563$3,435
11 years$6,189$5,535$4,942$4,406$3,924$2,857
12 years$5,615$4,968$4,386$3,865$3,401$2,392
13 years$5,130$4,489$3,918$3,412$2,966$2,014
14 years$4,715$4,081$3,521$3,029$2,600$1,704
15 years$4,355$3,728$3,179$2,701$2,289$1,446
16 years$4,041$3,420$2,882$2,419$2,023$1,232
17 years$3,763$3,150$2,622$2,173$1,794$1,051
18 years$3,517$2,911$2,394$1,959$1,595$900
19 years$3,297$2,697$2,192$1,770$1,422$771
20 years$3,100$2,507$2,011$1,603$1,270$662
21 years$2,921$2,335$1,850$1,455$1,136$569
22 years$2,759$2,179$1,705$1,323$1,019$490
23 years$2,611$2,038$1,574$1,205$914$422
24 years$2,476$1,910$1,456$1,099$822$364
25 years$2,351$1,792$1,349$1,003$739$314
26 years$2,237$1,684$1,251$917$666$271
27 years$2,131$1,585$1,161$840$601$234
28 years$2,033$1,494$1,080$769$542$202
29 years$1,941$1,409$1,005$705$489$175
30 years$1,856$1,331$936$647$442$151
31 years$1,777$1,258$872$595$400$131
32 years$1,703$1,190$814$547$362$113
33 years$1,633$1,127$760$503$327$98
34 years$1,568$1,068$710$462$296$85
35 years$1,506$1,013$664$426$268$73
36 years$1,448$962$621$392$243$63
37 years$1,394$914$581$361$220$55
38 years$1,342$868$544$333$200$48
39 years$1,293$826$510$307$181$41
40 years$1,247$785$478$283$164$36
41 years$1,203$748$448$261$149$31
42 years$1,161$712$420$241$135$27
43 years$1,121$678$395$223$123$23
44 years$1,084$647$370$205$111$20
45 years$1,048$617$348$190$101$17
46 years$1,013$588$327$175$92$15
47 years$980$561$307$162$83$13
48 years$949$536$288$150$76$11
49 years$919$512$271$138$69$10
50 years$890$489$255$128$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $912,000, adding $3,473 every year, while hoping to spend $48,858 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: 23/49/28 Blend
29$912,000$912,000$912,000$912,000
30$1,008,606$960,270$946,134$1,022,819
31$1,059,500$955,339$925,845$1,030,471
32$1,113,947$948,529$903,239$1,034,322
33$1,172,258$939,695$878,187$1,037,407
34$1,234,775$928,687$850,552$1,039,697
35$1,301,871$915,342$820,195$1,041,161
36$1,373,958$899,489$786,967$1,041,774
37$1,451,485$880,948$750,714$1,041,511
38$1,534,947$859,525$711,274$1,040,353
39$1,624,888$835,018$668,478$1,038,284
40$1,721,905$807,212$622,150$1,035,294
41$1,826,652$775,878$572,105$1,031,378
42$1,939,851$740,777$518,151$1,026,540
43$2,062,292$701,651$460,085$1,020,792
44$2,194,847$658,233$397,699$1,014,154
45$2,338,472$610,237$330,772$1,006,658
46$2,494,218$557,361$259,076$998,351
47$2,663,243$499,287$182,370$989,292
48$2,846,820$435,677$100,404$979,559
49$3,046,346$366,176$12,919$969,248
50$3,263,363$290,408$0$958,478
51$3,499,563$207,976$0$971,424
52$3,756,811$118,459$0$989,905
53$4,037,157$21,415$0$1,010,350
54$4,342,859$0$0$1,033,089
55$4,676,401$0$0$1,103,587
56$5,040,517$0$0$1,193,302
57$5,438,217$0$0$1,291,449
58$5,872,815$0$0$1,398,864
59$6,347,959$0$0$1,516,470
60$6,867,666$0$0$1,645,281
61$7,436,357$0$0$1,786,417
62$8,058,902$0$0$1,941,108
63$8,740,665$0$0$2,110,710
64$9,487,549$0$0$2,296,717
65$10,306,058$0$0$2,500,775
66$11,203,356$0$0$2,724,694
67$12,187,329$0$0$2,970,473
68$13,266,666$0$0$3,240,308
69$14,450,936$0$0$3,536,622
70$15,750,681$0$0$3,862,083
71$17,177,511$0$0$4,219,629
72$18,744,216$0$0$4,612,500
73$20,464,885$0$0$5,044,260
74$22,355,037$0$0$5,518,841
75$24,431,772$0$0$6,040,571
76$26,713,924$0$0$6,614,221
77$29,222,243$0$0$7,245,044
78$31,979,592$0$0$7,938,830
79$35,011,156$0$0$8,701,958
80$38,344,682$0$0$9,541,457
81$42,010,744$0$0$10,465,069
82$46,043,024$0$0$11,481,327
83$50,478,632$0$0$12,599,632
84$55,358,458$0$0$13,830,340
85$60,727,553$0$0$15,184,865
86$66,635,556$0$0$16,675,782
87$73,137,159$0$0$18,316,948
88$80,292,626$0$0$20,123,630
89$88,168,358$0$0$22,112,652
90$96,837,520$0$0$24,302,551
91$106,380,730$0$0$26,713,754
92$116,886,820$0$0$29,368,768
93$128,453,672$0$0$32,292,395
94$141,189,141$0$0$35,511,965
95$155,212,074$0$0$39,057,591
96$170,653,427$0$0$42,962,459
97$187,657,505$0$0$47,263,135
98$206,383,317$0$0$51,999,913
99$227,006,082$0$0$57,217,194
100$249,718,877$0$0$62,963,906