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%13.8%
1 years$75,477$74,805$74,149$73,509$72,884$71,735
2 years$37,365$36,669$35,995$35,341$34,706$33,553
3 years$24,663$23,964$23,291$22,643$22,019$20,896
4 years$18,313$17,616$16,950$16,313$15,704$14,620
5 years$14,504$13,811$13,154$12,530$11,938$10,895
6 years$11,965$11,278$10,630$10,020$9,446$8,447
7 years$10,153$9,471$8,834$8,238$7,682$6,727
8 years$8,794$8,118$7,492$6,911$6,373$5,461
9 years$7,738$7,069$6,453$5,887$5,367$4,498
10 years$6,893$6,231$5,626$5,074$4,573$3,746
11 years$6,203$5,547$4,953$4,416$3,933$3,147
12 years$5,628$4,978$4,395$3,874$3,408$2,663
13 years$5,141$4,499$3,927$3,420$2,972$2,266
14 years$4,725$4,090$3,528$3,036$2,605$1,938
15 years$4,365$3,736$3,186$2,707$2,294$1,663
16 years$4,049$3,428$2,888$2,424$2,027$1,432
17 years$3,772$3,157$2,628$2,178$1,798$1,237
18 years$3,525$2,917$2,399$1,963$1,598$1,071
19 years$3,305$2,703$2,196$1,774$1,425$929
20 years$3,106$2,512$2,016$1,606$1,273$807
21 years$2,927$2,340$1,854$1,458$1,139$702
22 years$2,765$2,184$1,709$1,326$1,021$612
23 years$2,617$2,043$1,578$1,207$916$534
24 years$2,481$1,914$1,459$1,101$824$466
25 years$2,356$1,796$1,351$1,006$741$407
26 years$2,242$1,688$1,253$919$668$356
27 years$2,135$1,589$1,164$842$602$311
28 years$2,037$1,497$1,082$771$543$273
29 years$1,946$1,412$1,007$707$490$239
30 years$1,861$1,334$938$649$443$209
31 years$1,781$1,261$874$596$401$183
32 years$1,707$1,193$816$548$362$161
33 years$1,637$1,130$762$504$328$141
34 years$1,571$1,071$712$463$297$124
35 years$1,510$1,016$665$427$269$108
36 years$1,452$964$622$393$244$95
37 years$1,397$916$583$362$221$84
38 years$1,345$870$546$334$200$73
39 years$1,296$827$511$308$182$64
40 years$1,250$787$479$284$165$57
41 years$1,206$749$449$262$149$50
42 years$1,164$714$421$242$136$44
43 years$1,124$680$395$223$123$38
44 years$1,086$648$371$206$112$34
45 years$1,050$618$349$190$101$30
46 years$1,015$590$327$176$92$26
47 years$983$563$308$162$84$23
48 years$951$537$289$150$76$20
49 years$921$513$272$139$69$18
50 years$892$490$255$128$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $914,000, adding $3,008 every year, while hoping to spend $38,568 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: 53/40/7 Blend
29$914,000$914,000$914,000$914,000
30$1,010,331$961,889$947,722$1,062,029
31$1,072,348$967,985$938,434$1,103,492
32$1,139,399$973,088$927,543$1,144,106
33$1,211,956$977,107$914,954$1,187,360
34$1,290,538$979,948$900,567$1,233,512
35$1,375,717$981,509$884,280$1,282,847
36$1,468,121$981,684$865,984$1,335,677
37$1,568,440$980,357$845,566$1,392,350
38$1,677,435$977,409$822,906$1,453,252
39$1,795,941$972,710$797,882$1,518,807
40$1,924,879$966,124$770,362$1,589,485
41$2,065,259$957,507$740,212$1,665,809
42$2,218,195$946,705$707,289$1,748,352
43$2,384,913$933,555$671,445$1,837,753
44$2,566,760$917,885$632,525$1,934,714
45$2,765,221$899,513$590,366$2,040,016
46$2,981,930$878,246$544,799$2,154,518
47$3,218,685$853,878$495,648$2,279,173
48$3,477,466$826,193$442,727$2,415,032
49$3,760,452$794,961$385,843$2,563,260
50$4,070,044$759,939$324,794$2,725,140
51$4,408,884$720,872$259,371$2,902,094
52$4,779,882$677,487$189,351$3,095,692
53$5,186,242$629,496$114,507$3,307,668
54$5,631,494$576,597$34,598$3,539,938
55$6,119,524$518,467$0$3,794,621
56$6,654,611$454,768$0$4,077,839
57$7,241,471$385,141$0$4,391,395
58$7,885,295$309,207$0$4,735,576
59$8,591,803$226,566$0$5,113,554
60$9,367,295$136,795$0$5,528,831
61$10,218,708$39,448$0$5,985,272
62$11,153,689$0$0$6,487,145
63$12,180,657$0$0$7,068,186
64$13,308,888$0$0$7,725,691
65$14,548,602$0$0$8,448,261
66$15,911,055$0$0$9,242,473
67$17,408,652$0$0$10,115,567
68$19,055,056$0$0$11,075,524
69$20,865,321$0$0$12,131,133
70$22,856,032$0$0$13,292,081
71$25,045,463$0$0$14,569,037
72$27,453,746$0$0$15,973,760
73$30,103,064$0$0$17,519,204
74$33,017,857$0$0$19,219,640
75$36,225,054$0$0$21,090,795
76$39,754,326$0$0$23,149,997
77$43,638,364$0$0$25,416,337
78$47,913,190$0$0$27,910,853
79$52,618,496$0$0$30,656,724
80$57,798,014$0$0$33,679,491
81$63,499,936$0$0$37,007,298
82$69,777,359$0$0$40,671,155
83$76,688,792$0$0$44,705,232
84$84,298,708$0$0$49,147,182
85$92,678,146$0$0$54,038,494
86$101,905,387$0$0$59,424,887
87$112,066,690$0$0$65,356,737
88$123,257,105$0$0$71,889,558
89$135,581,370$0$0$79,084,518
90$149,154,899$0$0$87,009,025
91$164,104,871$0$0$95,737,355
92$180,571,431$0$0$105,351,357
93$198,709,006$0$0$115,941,224
94$218,687,773$0$0$127,606,344
95$240,695,252$0$0$140,456,239
96$264,938,086$0$0$154,611,595
97$291,643,985$0$0$170,205,406
98$321,063,875$0$0$187,384,223
99$353,474,268$0$0$206,309,543
100$389,179,871$0$0$227,159,327