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%14.6%
1 years$75,477$74,805$74,149$73,509$72,884$71,500
2 years$37,365$36,669$35,995$35,341$34,706$33,318
3 years$24,663$23,964$23,291$22,643$22,019$20,669
4 years$18,313$17,616$16,950$16,313$15,704$14,403
5 years$14,504$13,811$13,154$12,530$11,938$10,689
6 years$11,965$11,278$10,630$10,020$9,446$8,251
7 years$10,153$9,471$8,834$8,238$7,682$6,541
8 years$8,794$8,118$7,492$6,911$6,373$5,286
9 years$7,738$7,069$6,453$5,887$5,367$4,333
10 years$6,893$6,231$5,626$5,074$4,573$3,591
11 years$6,203$5,547$4,953$4,416$3,933$3,002
12 years$5,628$4,978$4,395$3,874$3,408$2,527
13 years$5,141$4,499$3,927$3,420$2,972$2,139
14 years$4,725$4,090$3,528$3,036$2,605$1,819
15 years$4,365$3,736$3,186$2,707$2,294$1,553
16 years$4,049$3,428$2,888$2,424$2,027$1,330
17 years$3,772$3,157$2,628$2,178$1,798$1,142
18 years$3,525$2,917$2,399$1,963$1,598$983
19 years$3,305$2,703$2,196$1,774$1,425$847
20 years$3,106$2,512$2,016$1,606$1,273$732
21 years$2,927$2,340$1,854$1,458$1,139$633
22 years$2,765$2,184$1,709$1,326$1,021$548
23 years$2,617$2,043$1,578$1,207$916$475
24 years$2,481$1,914$1,459$1,101$824$412
25 years$2,356$1,796$1,351$1,006$741$358
26 years$2,242$1,688$1,253$919$668$311
27 years$2,135$1,589$1,164$842$602$270
28 years$2,037$1,497$1,082$771$543$235
29 years$1,946$1,412$1,007$707$490$205
30 years$1,861$1,334$938$649$443$178
31 years$1,781$1,261$874$596$401$155
32 years$1,707$1,193$816$548$362$135
33 years$1,637$1,130$762$504$328$118
34 years$1,571$1,071$712$463$297$102
35 years$1,510$1,016$665$427$269$89
36 years$1,452$964$622$393$244$78
37 years$1,397$916$583$362$221$68
38 years$1,345$870$546$334$200$59
39 years$1,296$827$511$308$182$52
40 years$1,250$787$479$284$165$45
41 years$1,206$749$449$262$149$39
42 years$1,164$714$421$242$136$34
43 years$1,124$680$395$223$123$30
44 years$1,086$648$371$206$112$26
45 years$1,050$618$349$190$101$23
46 years$1,015$590$327$176$92$20
47 years$983$563$308$162$84$17
48 years$951$537$289$150$76$15
49 years$921$513$272$139$69$13
50 years$892$490$255$128$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $914,000, adding $6,333 every year, while hoping to spend $55,743 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: 45/46/9 Blend
29$914,000$914,000$914,000$914,000
30$1,013,760$965,318$951,151$1,056,533
31$1,057,854$953,309$923,705$1,074,756
32$1,104,577$938,843$893,471$1,088,266
33$1,154,138$921,741$860,296$1,101,643
34$1,206,767$901,812$824,023$1,114,894
35$1,262,713$878,858$784,484$1,128,030
36$1,322,251$852,663$741,505$1,141,068
37$1,385,680$823,003$694,905$1,154,032
38$1,453,329$789,639$644,494$1,166,951
39$1,525,556$752,319$590,072$1,179,865
40$1,602,757$710,776$531,433$1,192,819
41$1,685,361$664,728$468,360$1,205,872
42$1,773,844$613,876$400,626$1,219,094
43$1,868,725$557,904$327,996$1,232,569
44$1,970,572$496,479$250,221$1,246,395
45$2,080,012$429,248$167,045$1,260,688
46$2,197,731$355,839$78,199$1,275,583
47$2,324,482$275,858$0$1,291,240
48$2,461,094$188,889$0$1,309,436
49$2,608,474$94,493$0$1,336,904
50$2,767,622$0$0$1,366,398
51$2,939,635$0$0$1,402,171
52$3,125,719$0$0$1,492,699
53$3,327,201$0$0$1,590,807
54$3,545,538$0$0$1,697,217
55$3,782,332$0$0$1,812,721
56$4,039,347$0$0$1,938,192
57$4,318,520$0$0$2,074,589
58$4,621,985$0$0$2,222,968
59$4,952,086$0$0$2,384,490
60$5,311,406$0$0$2,560,432
61$5,702,784$0$0$2,752,201
62$6,129,346$0$0$2,961,345
63$6,594,530$0$0$3,189,567
64$7,102,123$0$0$3,438,741
65$7,656,291$0$0$3,710,933
66$8,261,622$0$0$4,008,413
67$8,923,164$0$0$4,333,683
68$9,646,478$0$0$4,689,498
69$10,437,685$0$0$5,078,890
70$11,303,523$0$0$5,505,199
71$12,251,414$0$0$5,972,101
72$13,289,530$0$0$6,483,647
73$14,426,872$0$0$7,044,296
74$15,673,349$0$0$7,658,959
75$17,039,877$0$0$8,333,046
76$18,538,478$0$0$9,072,516
77$20,182,393$0$0$9,883,931
78$21,986,207$0$0$10,774,520
79$23,965,984$0$0$11,752,246
80$26,139,420$0$0$12,825,879
81$28,526,006$0$0$14,005,083
82$31,147,216$0$0$15,300,501
83$34,026,704$0$0$16,723,858
84$37,190,526$0$0$18,288,073
85$40,667,392$0$0$20,007,378
86$44,488,926$0$0$21,897,449
87$48,689,970$0$0$23,975,562
88$53,308,911$0$0$26,260,746
89$58,388,039$0$0$28,773,969
90$63,973,950$0$0$31,538,331
91$70,117,979$0$0$34,579,285
92$76,876,687$0$0$37,924,874
93$84,312,394$0$0$41,605,995
94$92,493,763$0$0$45,656,694
95$101,496,449$0$0$50,114,480
96$111,403,812$0$0$55,020,687
97$122,307,699$0$0$60,420,854
98$134,309,314$0$0$66,365,161
99$147,520,170$0$0$72,908,902
100$162,063,140$0$0$80,113,001