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%19.7%
1 years$75,477$74,805$74,149$73,509$72,884$70,047
2 years$37,365$36,669$35,995$35,341$34,706$31,883
3 years$24,663$23,964$23,291$22,643$22,019$19,298
4 years$18,313$17,616$16,950$16,313$15,704$13,105
5 years$14,504$13,811$13,154$12,530$11,938$9,469
6 years$11,965$11,278$10,630$10,020$9,446$7,108
7 years$10,153$9,471$8,834$8,238$7,682$5,474
8 years$8,794$8,118$7,492$6,911$6,373$4,293
9 years$7,738$7,069$6,453$5,887$5,367$3,412
10 years$6,893$6,231$5,626$5,074$4,573$2,739
11 years$6,203$5,547$4,953$4,416$3,933$2,216
12 years$5,628$4,978$4,395$3,874$3,408$1,803
13 years$5,141$4,499$3,927$3,420$2,972$1,475
14 years$4,725$4,090$3,528$3,036$2,605$1,211
15 years$4,365$3,736$3,186$2,707$2,294$997
16 years$4,049$3,428$2,888$2,424$2,027$823
17 years$3,772$3,157$2,628$2,178$1,798$681
18 years$3,525$2,917$2,399$1,963$1,598$564
19 years$3,305$2,703$2,196$1,774$1,425$468
20 years$3,106$2,512$2,016$1,606$1,273$389
21 years$2,927$2,340$1,854$1,458$1,139$324
22 years$2,765$2,184$1,709$1,326$1,021$269
23 years$2,617$2,043$1,578$1,207$916$224
24 years$2,481$1,914$1,459$1,101$824$187
25 years$2,356$1,796$1,351$1,006$741$156
26 years$2,242$1,688$1,253$919$668$130
27 years$2,135$1,589$1,164$842$602$108
28 years$2,037$1,497$1,082$771$543$90
29 years$1,946$1,412$1,007$707$490$75
30 years$1,861$1,334$938$649$443$63
31 years$1,781$1,261$874$596$401$53
32 years$1,707$1,193$816$548$362$44
33 years$1,637$1,130$762$504$328$37
34 years$1,571$1,071$712$463$297$31
35 years$1,510$1,016$665$427$269$26
36 years$1,452$964$622$393$244$21
37 years$1,397$916$583$362$221$18
38 years$1,345$870$546$334$200$15
39 years$1,296$827$511$308$182$12
40 years$1,250$787$479$284$165$10
41 years$1,206$749$449$262$149$9
42 years$1,164$714$421$242$136$7
43 years$1,124$680$395$223$123$6
44 years$1,086$648$371$206$112$5
45 years$1,050$618$349$190$101$4
46 years$1,015$590$327$176$92$4
47 years$983$563$308$162$84$3
48 years$951$537$289$150$76$2
49 years$921$513$272$139$69$2
50 years$892$490$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $914,000, adding $3,575 every year, while hoping to spend $56,772 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: 44/47/9 Blend
29$914,000$914,000$914,000$914,000
30$1,010,916$962,474$948,307$1,052,646
31$1,053,624$949,230$919,670$1,068,707
32$1,098,786$933,434$888,171$1,080,023
33$1,146,592$914,902$853,654$1,090,995
34$1,197,249$893,438$815,957$1,101,612
35$1,250,985$868,833$774,908$1,111,867
36$1,308,049$840,868$730,330$1,121,754
37$1,368,710$809,312$682,037$1,131,275
38$1,433,268$773,917$629,834$1,140,434
39$1,502,046$734,423$573,519$1,149,241
40$1,575,400$690,556$512,878$1,157,714
41$1,653,722$642,024$447,690$1,165,878
42$1,737,438$588,520$377,724$1,173,767
43$1,827,016$529,717$302,737$1,181,425
44$1,922,971$465,272$222,478$1,188,909
45$2,025,866$394,822$136,682$1,196,288
46$2,136,318$317,982$45,075$1,203,647
47$2,255,007$234,348$0$1,211,090
48$2,382,676$143,490$0$1,223,796
49$2,520,145$44,956$0$1,241,801
50$2,668,309$0$0$1,260,969
51$2,828,157$0$0$1,313,458
52$3,000,771$0$0$1,395,333
53$3,187,342$0$0$1,483,918
54$3,389,179$0$0$1,579,845
55$3,607,720$0$0$1,683,811
56$3,844,546$0$0$1,796,580
57$4,101,398$0$0$1,918,994
58$4,380,187$0$0$2,051,978
59$4,683,016$0$0$2,196,549
60$5,012,199$0$0$2,353,828
61$5,370,282$0$0$2,525,046
62$5,760,065$0$0$2,711,558
63$6,184,628$0$0$2,914,857
64$6,647,365$0$0$3,136,585
65$7,152,005$0$0$3,378,547
66$7,702,656$0$0$3,642,733
67$8,303,841$0$0$3,931,334
68$8,960,534$0$0$4,246,758
69$9,678,217$0$0$4,591,660
70$10,462,919$0$0$4,968,961
71$11,321,283$0$0$5,381,879
72$12,260,622$0$0$5,833,957
73$13,288,986$0$0$6,329,095
74$14,415,245$0$0$6,871,589
75$15,649,161$0$0$7,466,171
76$17,001,488$0$0$8,118,051
77$18,484,071$0$0$8,832,968
78$20,109,953$0$0$9,617,244
79$21,893,500$0$0$10,477,839
80$23,850,538$0$0$11,422,425
81$25,998,497$0$0$12,459,447
82$28,356,576$0$0$13,598,211
83$30,945,926$0$0$14,848,968
84$33,789,844$0$0$16,223,011
85$36,913,996$0$0$17,732,778
86$40,346,656$0$0$19,391,974
87$44,118,971$0$0$21,215,698
88$48,265,256$0$0$23,220,582
89$52,823,316$0$0$25,424,953
90$57,834,801$0$0$27,848,999
91$63,345,598$0$0$30,514,965
92$69,406,263$0$0$33,447,359
93$76,072,497$0$0$36,673,183
94$83,405,672$0$0$40,222,187
95$91,473,404$0$0$44,127,153
96$100,350,196$0$0$48,424,198
97$110,118,135$0$0$53,153,118
98$120,867,669$0$0$58,357,762
99$132,698,457$0$0$64,086,445
100$145,720,307$0$0$70,392,404