Can I retire at age 30 with 914,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,418 every year, while hoping to spend $26,803 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: 69/22/9 Blend
29$914,000$914,000$914,000$914,000
30$1,009,722$961,280$947,113$1,077,503
31$1,084,196$979,865$950,323$1,141,329
32$1,165,367$998,462$952,743$1,207,642
33$1,253,891$1,017,043$954,316$1,279,467
34$1,350,489$1,035,579$954,987$1,357,339
35$1,455,954$1,054,038$954,694$1,441,848
36$1,571,160$1,072,384$953,375$1,533,645
37$1,697,067$1,090,580$950,962$1,633,445
38$1,834,735$1,108,585$947,386$1,742,039
39$1,985,329$1,126,357$942,575$1,860,296
40$2,150,133$1,143,848$936,451$1,989,173
41$2,330,558$1,161,009$928,934$2,129,726
42$2,528,163$1,177,785$919,940$2,283,118
43$2,744,659$1,194,120$909,382$2,450,632
44$2,981,934$1,209,953$897,166$2,633,678
45$3,242,067$1,225,216$883,197$2,833,815
46$3,527,347$1,239,841$867,373$3,052,756
47$3,840,295$1,253,752$849,589$3,292,392
48$4,183,689$1,266,869$829,733$3,554,806
49$4,560,586$1,279,106$807,691$3,842,293
50$4,974,357$1,290,374$783,340$4,157,384
51$5,428,713$1,300,574$756,553$4,502,866
52$5,927,743$1,309,603$727,199$4,881,812
53$6,475,952$1,317,353$695,139$5,297,610
54$7,078,300$1,323,704$660,227$5,753,992
55$7,740,254$1,328,533$622,313$6,255,071
56$8,467,837$1,331,708$581,237$6,805,382
57$9,267,683$1,333,088$536,835$7,409,921
58$10,147,101$1,332,524$488,933$8,074,197
59$11,114,144$1,329,857$437,351$8,804,278
60$12,177,685$1,324,918$381,901$9,606,856
61$13,347,499$1,317,529$322,384$10,489,304
62$14,634,356$1,307,500$258,596$11,459,748
63$16,050,123$1,294,630$190,322$12,527,146
64$17,607,874$1,278,706$117,337$13,701,369
65$19,322,017$1,259,502$39,407$14,993,299
66$21,208,423$1,236,778$0$16,414,926
67$23,284,583$1,210,281$0$17,983,670
68$25,569,768$1,179,742$0$19,714,206
69$28,085,211$1,144,876$0$21,618,828
70$30,854,310$1,105,383$0$23,715,256
71$33,902,847$1,060,944$0$26,023,020
72$37,259,228$1,011,221$0$28,563,642
73$40,954,756$955,857$0$31,360,843
74$45,023,923$894,476$0$34,440,762
75$49,504,737$826,679$0$37,832,206
76$54,439,077$752,043$0$41,566,924
77$59,873,093$670,124$0$45,679,904
78$65,857,637$580,448$0$50,209,703
79$72,448,746$482,520$0$55,198,816
80$79,708,167$375,813$0$60,694,074
81$87,703,943$259,770$0$66,747,086
82$96,511,053$133,807$0$73,414,728
83$106,212,119$0$0$80,759,684
84$116,898,188$0$0$88,851,684
85$128,669,587$0$0$97,801,307
86$141,636,874$0$0$107,660,223
87$155,921,878$0$0$118,521,070
88$171,658,852$0$0$130,485,927
89$188,995,734$0$0$143,667,285
90$208,095,550$0$0$158,189,102
91$229,137,948$0$0$174,187,979
92$252,320,896$0$0$191,814,445
93$277,862,546$0$0$211,234,378
94$306,003,300$0$0$232,630,572
95$337,008,073$0$0$256,204,462
96$371,168,794$0$0$282,178,024
97$408,807,164$0$0$310,795,872
98$450,277,691$0$0$342,327,564
99$495,971,036$0$0$377,070,151
100$546,317,700$0$0$415,350,974