Can I retire at age 30 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$75,477$74,805$74,149$73,509$72,884$70,949
2 years$37,365$36,669$35,995$35,341$34,706$32,771
3 years$24,663$23,964$23,291$22,643$22,019$20,143
4 years$18,313$17,616$16,950$16,313$15,704$13,902
5 years$14,504$13,811$13,154$12,530$11,938$10,215
6 years$11,965$11,278$10,630$10,020$9,446$7,804
7 years$10,153$9,471$8,834$8,238$7,682$6,121
8 years$8,794$8,118$7,492$6,911$6,373$4,892
9 years$7,738$7,069$6,453$5,887$5,367$3,964
10 years$6,893$6,231$5,626$5,074$4,573$3,247
11 years$6,203$5,547$4,953$4,416$3,933$2,682
12 years$5,628$4,978$4,395$3,874$3,408$2,230
13 years$5,141$4,499$3,927$3,420$2,972$1,864
14 years$4,725$4,090$3,528$3,036$2,605$1,564
15 years$4,365$3,736$3,186$2,707$2,294$1,318
16 years$4,049$3,428$2,888$2,424$2,027$1,113
17 years$3,772$3,157$2,628$2,178$1,798$943
18 years$3,525$2,917$2,399$1,963$1,598$800
19 years$3,305$2,703$2,196$1,774$1,425$680
20 years$3,106$2,512$2,016$1,606$1,273$579
21 years$2,927$2,340$1,854$1,458$1,139$494
22 years$2,765$2,184$1,709$1,326$1,021$421
23 years$2,617$2,043$1,578$1,207$916$360
24 years$2,481$1,914$1,459$1,101$824$308
25 years$2,356$1,796$1,351$1,006$741$263
26 years$2,242$1,688$1,253$919$668$225
27 years$2,135$1,589$1,164$842$602$193
28 years$2,037$1,497$1,082$771$543$165
29 years$1,946$1,412$1,007$707$490$141
30 years$1,861$1,334$938$649$443$121
31 years$1,781$1,261$874$596$401$104
32 years$1,707$1,193$816$548$362$89
33 years$1,637$1,130$762$504$328$76
34 years$1,571$1,071$712$463$297$65
35 years$1,510$1,016$665$427$269$56
36 years$1,452$964$622$393$244$48
37 years$1,397$916$583$362$221$41
38 years$1,345$870$546$334$200$35
39 years$1,296$827$511$308$182$30
40 years$1,250$787$479$284$165$26
41 years$1,206$749$449$262$149$22
42 years$1,164$714$421$242$136$19
43 years$1,124$680$395$223$123$16
44 years$1,086$648$371$206$112$14
45 years$1,050$618$349$190$101$12
46 years$1,015$590$327$176$92$10
47 years$983$563$308$162$84$9
48 years$951$537$289$150$76$8
49 years$921$513$272$139$69$7
50 years$892$490$255$128$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $914,000, adding $6,301 every year, while hoping to spend $46,823 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: 47/28/25 Blend
29$914,000$914,000$914,000$914,000
30$1,013,727$965,285$951,118$1,053,864
31$1,067,308$962,765$933,162$1,080,180
32$1,124,785$958,552$913,034$1,103,621
33$1,186,506$952,514$890,613$1,128,136
34$1,252,852$944,510$865,772$1,153,847
35$1,324,244$934,391$838,376$1,180,894
36$1,401,141$922,001$808,285$1,209,432
37$1,484,049$907,170$775,354$1,239,637
38$1,573,523$889,723$739,430$1,271,705
39$1,670,174$869,470$700,352$1,305,856
40$1,774,671$846,215$657,954$1,342,335
41$1,887,753$819,745$612,061$1,381,417
42$2,010,230$789,838$562,491$1,423,411
43$2,142,992$756,258$509,052$1,468,658
44$2,287,018$718,756$451,547$1,517,541
45$2,443,387$677,068$389,767$1,570,488
46$2,613,283$630,914$323,494$1,627,974
47$2,798,009$580,001$252,502$1,690,530
48$2,998,999$524,014$176,555$1,758,744
49$3,217,832$462,626$95,405$1,833,274
50$3,456,244$395,487$8,793$1,914,851
51$3,716,144$322,229$0$2,004,286
52$3,999,636$242,464$0$2,124,791
53$4,309,034$155,780$0$2,259,013
54$4,646,886$61,744$0$2,405,795
55$5,015,997$0$0$2,566,455
56$5,419,453$0$0$2,754,804
57$5,860,654$0$0$2,981,678
58$6,343,343$0$0$3,229,987
59$6,871,641$0$0$3,501,866
60$7,450,085$0$0$3,799,663
61$8,083,673$0$0$4,125,963
62$8,777,908$0$0$4,483,617
63$9,538,850$0$0$4,875,761
64$10,373,175$0$0$5,305,850
65$11,288,234$0$0$5,777,691
66$12,292,124$0$0$6,295,474
67$13,393,764$0$0$6,863,818
68$14,602,979$0$0$7,487,808
69$15,930,589$0$0$8,173,047
70$17,388,517$0$0$8,925,708
71$18,989,892$0$0$9,752,588
72$20,749,182$0$0$10,661,179
73$22,682,323$0$0$11,659,732
74$24,806,871$0$0$12,757,338
75$27,142,167$0$0$13,964,010
76$29,709,522$0$0$15,290,785
77$32,532,410$0$0$16,749,817
78$35,636,697$0$0$18,354,501
79$39,050,880$0$0$20,119,593
80$42,806,355$0$0$22,061,352
81$46,937,716$0$0$24,197,691
82$51,483,077$0$0$26,548,349
83$56,484,433$0$0$29,135,072
84$61,988,055$0$0$31,981,823
85$68,044,925$0$0$35,115,004
86$74,711,221$0$0$38,563,707
87$82,048,838$0$0$42,359,987
88$90,125,980$0$0$46,539,166
89$99,017,798$0$0$51,140,162
90$108,807,098$0$0$56,205,862
91$119,585,126$0$0$61,783,518
92$131,452,424$0$0$67,925,203
93$144,519,778$0$0$74,688,291
94$158,909,268$0$0$82,136,009
95$174,755,413$0$0$90,338,023
96$192,206,442$0$0$99,371,103
97$211,425,695$0$0$109,319,844
98$232,593,159$0$0$120,277,462
99$255,907,168$0$0$132,346,677
100$281,586,276$0$0$145,640,680