Can I retire at age 30 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$75,560$74,887$74,230$73,589$72,963$72,504
2 years$37,406$36,709$36,034$35,379$34,744$34,281
3 years$24,690$23,990$23,316$22,668$22,043$21,590
4 years$18,333$17,635$16,968$16,331$15,721$15,282
5 years$14,519$13,826$13,168$12,544$11,951$11,527
6 years$11,978$11,290$10,642$10,031$9,457$9,048
7 years$10,164$9,481$8,843$8,247$7,691$7,298
8 years$8,803$8,127$7,500$6,918$6,380$6,003
9 years$7,746$7,076$6,460$5,893$5,373$5,012
10 years$6,901$6,237$5,632$5,080$4,578$4,233
11 years$6,209$5,553$4,958$4,421$3,937$3,607
12 years$5,634$4,984$4,400$3,878$3,412$3,097
13 years$5,147$4,504$3,931$3,424$2,975$2,675
14 years$4,730$4,094$3,532$3,039$2,608$2,322
15 years$4,369$3,740$3,189$2,710$2,296$2,025
16 years$4,054$3,431$2,891$2,427$2,030$1,771
17 years$3,776$3,160$2,631$2,180$1,800$1,555
18 years$3,529$2,920$2,402$1,965$1,600$1,368
19 years$3,308$2,706$2,199$1,776$1,426$1,206
20 years$3,110$2,515$2,018$1,608$1,274$1,066
21 years$2,931$2,342$1,856$1,459$1,140$944
22 years$2,768$2,187$1,711$1,327$1,022$837
23 years$2,620$2,045$1,580$1,208$917$743
24 years$2,484$1,916$1,461$1,102$824$660
25 years$2,359$1,798$1,353$1,007$742$587
26 years$2,244$1,690$1,255$920$668$523
27 years$2,138$1,590$1,165$842$603$466
28 years$2,039$1,499$1,083$772$544$415
29 years$1,948$1,414$1,008$708$491$371
30 years$1,863$1,335$939$650$444$331
31 years$1,783$1,262$875$597$401$296
32 years$1,708$1,194$817$548$363$264
33 years$1,639$1,131$763$504$328$236
34 years$1,573$1,072$712$464$297$211
35 years$1,511$1,017$666$427$269$189
36 years$1,453$965$623$393$244$169
37 years$1,398$917$583$362$221$151
38 years$1,347$871$546$334$200$135
39 years$1,297$828$512$308$182$121
40 years$1,251$788$480$284$165$109
41 years$1,207$750$450$262$150$97
42 years$1,165$714$422$242$136$87
43 years$1,125$681$396$223$123$78
44 years$1,087$649$372$206$112$70
45 years$1,051$619$349$190$101$63
46 years$1,017$590$328$176$92$56
47 years$984$563$308$162$84$50
48 years$952$538$289$150$76$45
49 years$922$514$272$139$69$40
50 years$893$491$256$128$63$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $915,000, adding $6,346 every year, while hoping to spend $34,712 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: 46/37/17 Blend
29$915,000$915,000$915,000$915,000
30$1,014,876$966,381$952,198$1,056,376
31$1,081,460$976,800$947,164$1,096,364
32$1,153,672$986,567$940,797$1,135,724
33$1,232,050$995,612$933,017$1,177,684
34$1,317,184$1,003,862$923,738$1,222,500
35$1,409,726$1,011,240$912,872$1,270,456
36$1,510,389$1,017,662$900,325$1,321,866
37$1,619,962$1,023,041$885,999$1,377,077
38$1,739,310$1,027,281$869,791$1,436,474
39$1,869,386$1,030,284$851,596$1,500,483
40$2,011,238$1,031,943$831,299$1,569,574
41$2,166,021$1,032,146$808,785$1,644,269
42$2,335,006$1,030,771$783,930$1,725,142
43$2,519,591$1,027,694$756,606$1,812,833
44$2,721,316$1,022,777$726,678$1,908,044
45$2,941,875$1,015,878$694,007$2,011,555
46$3,183,136$1,006,846$658,446$2,124,228
47$3,447,153$995,518$619,841$2,247,015
48$3,736,188$981,724$578,031$2,380,969
49$4,052,734$965,283$532,850$2,527,253
50$4,399,534$946,004$484,122$2,687,152
51$4,779,611$923,682$431,664$2,862,089
52$5,196,293$898,104$375,286$3,053,633
53$5,653,244$869,040$314,788$3,263,519
54$6,154,503$836,251$249,961$3,493,664
55$6,704,516$799,481$180,589$3,746,185
56$7,308,181$758,460$106,443$4,023,419
57$7,970,894$712,904$27,287$4,327,951
58$8,698,598$662,509$0$4,662,633
59$9,497,840$606,957$0$5,040,986
60$10,375,833$545,910$0$5,462,073
61$11,340,520$479,012$0$5,924,827
62$12,400,656$405,887$0$6,433,540
63$13,565,883$326,135$0$6,992,943
64$14,846,825$239,337$0$7,608,260
65$16,255,185$145,049$0$8,285,250
66$17,803,858$42,801$0$9,030,267
67$19,507,051$0$0$9,850,321
68$21,380,417$0$0$10,780,789
69$23,441,200$0$0$11,823,635
70$25,708,404$0$0$12,971,061
71$28,202,962$0$0$14,233,680
72$30,947,942$0$0$15,623,182
73$33,968,762$0$0$17,152,450
74$37,293,425$0$0$18,835,678
75$40,952,789$0$0$20,688,505
76$44,980,854$0$0$22,728,167
77$49,415,085$0$0$24,973,651
78$54,296,762$0$0$27,445,882
79$59,671,372$0$0$30,167,915
80$65,589,037$0$0$33,165,156
81$72,104,987$0$0$36,465,599
82$79,280,078$0$0$40,100,091
83$87,181,370$0$0$44,102,624
84$95,882,758$0$0$48,510,654
85$105,465,667$0$0$53,365,454
86$116,019,824$0$0$58,712,506
87$127,644,099$0$0$64,601,925
88$140,447,444$0$0$71,088,939
89$154,549,914$0$0$78,234,402
90$170,083,807$0$0$86,105,377
91$187,194,905$0$0$94,775,760
92$206,043,856$0$0$104,326,982
93$226,807,684$0$0$114,848,777
94$249,681,465$0$0$126,440,030
95$274,880,162$0$0$139,209,706
96$302,640,659$0$0$153,277,882
97$333,223,992$0$0$168,776,878
98$366,917,816$0$0$185,852,509
99$404,039,116$0$0$204,665,456
100$444,937,203$0$0$225,392,788