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%12.7%
1 years$75,560$74,887$74,230$73,589$72,963$72,141
2 years$37,406$36,709$36,034$35,379$34,744$33,917
3 years$24,690$23,990$23,316$22,668$22,043$21,236
4 years$18,333$17,635$16,968$16,331$15,721$14,941
5 years$14,519$13,826$13,168$12,544$11,951$11,199
6 years$11,978$11,290$10,642$10,031$9,457$8,734
7 years$10,164$9,481$8,843$8,247$7,691$6,998
8 years$8,803$8,127$7,500$6,918$6,380$5,717
9 years$7,746$7,076$6,460$5,893$5,373$4,740
10 years$6,901$6,237$5,632$5,080$4,578$3,974
11 years$6,209$5,553$4,958$4,421$3,937$3,362
12 years$5,634$4,984$4,400$3,878$3,412$2,865
13 years$5,147$4,504$3,931$3,424$2,975$2,455
14 years$4,730$4,094$3,532$3,039$2,608$2,115
15 years$4,369$3,740$3,189$2,710$2,296$1,829
16 years$4,054$3,431$2,891$2,427$2,030$1,587
17 years$3,776$3,160$2,631$2,180$1,800$1,381
18 years$3,529$2,920$2,402$1,965$1,600$1,205
19 years$3,308$2,706$2,199$1,776$1,426$1,054
20 years$3,110$2,515$2,018$1,608$1,274$923
21 years$2,931$2,342$1,856$1,459$1,140$810
22 years$2,768$2,187$1,711$1,327$1,022$711
23 years$2,620$2,045$1,580$1,208$917$626
24 years$2,484$1,916$1,461$1,102$824$551
25 years$2,359$1,798$1,353$1,007$742$486
26 years$2,244$1,690$1,255$920$668$428
27 years$2,138$1,590$1,165$842$603$378
28 years$2,039$1,499$1,083$772$544$334
29 years$1,948$1,414$1,008$708$491$295
30 years$1,863$1,335$939$650$444$261
31 years$1,783$1,262$875$597$401$231
32 years$1,708$1,194$817$548$363$204
33 years$1,639$1,131$763$504$328$181
34 years$1,573$1,072$712$464$297$160
35 years$1,511$1,017$666$427$269$142
36 years$1,453$965$623$393$244$125
37 years$1,398$917$583$362$221$111
38 years$1,347$871$546$334$200$99
39 years$1,297$828$512$308$182$87
40 years$1,251$788$480$284$165$77
41 years$1,207$750$450$262$150$69
42 years$1,165$714$422$242$136$61
43 years$1,125$681$396$223$123$54
44 years$1,087$649$372$206$112$48
45 years$1,051$619$349$190$101$42
46 years$1,017$590$328$176$92$38
47 years$984$563$308$162$84$33
48 years$952$538$289$150$76$30
49 years$922$514$272$139$69$26
50 years$893$491$256$128$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $915,000, adding $6,679 every year, while hoping to spend $45,522 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: 65/24/11 Blend
29$915,000$915,000$915,000$915,000
30$1,015,219$966,724$952,542$1,078,311
31$1,070,337$965,659$936,017$1,120,167
32$1,129,550$963,015$917,413$1,159,926
33$1,193,230$958,669$896,612$1,202,209
34$1,261,781$952,485$873,490$1,247,260
35$1,335,651$944,325$847,920$1,295,348
36$1,415,328$934,037$819,766$1,346,771
37$1,501,350$921,464$788,887$1,401,858
38$1,594,309$906,437$755,135$1,460,975
39$1,694,854$888,778$718,358$1,524,523
40$1,803,699$868,298$678,393$1,592,949
41$1,921,629$844,798$635,072$1,666,746
42$2,049,508$818,065$588,220$1,746,460
43$2,188,285$787,877$537,652$1,832,692
44$2,339,003$753,996$483,176$1,926,109
45$2,502,811$716,172$424,592$2,027,449
46$2,680,972$674,139$361,691$2,137,525
47$2,874,876$627,616$294,252$2,257,238
48$3,086,052$576,309$222,049$2,387,582
49$3,316,184$519,902$144,841$2,529,659
50$3,567,122$458,065$62,381$2,684,681
51$3,840,906$390,447$0$2,853,993
52$4,139,779$316,680$0$3,042,084
53$4,466,210$236,371$0$3,255,595
54$4,822,919$149,109$0$3,489,040
55$5,212,899$54,457$0$3,744,453
56$5,639,445$0$0$4,024,080
57$6,106,186$0$0$4,343,085
58$6,617,117$0$0$4,708,095
59$7,176,639$0$0$5,107,880
60$7,789,595$0$0$5,545,910
61$8,461,323$0$0$6,026,004
62$9,197,699$0$0$6,552,373
63$10,005,194$0$0$7,129,650
64$10,890,938$0$0$7,762,940
65$11,862,782$0$0$8,457,868
66$12,929,375$0$0$9,220,626
67$14,100,243$0$0$10,058,037
68$15,385,879$0$0$10,977,616
69$16,797,844$0$0$11,987,643
70$18,348,871$0$0$13,097,237
71$20,052,989$0$0$14,316,446
72$21,925,652$0$0$15,656,337
73$23,983,885$0$0$17,129,106
74$26,246,445$0$0$18,748,185
75$28,733,996$0$0$20,528,376
76$31,469,306$0$0$22,485,984
77$34,477,457$0$0$24,638,975
78$37,786,086$0$0$27,007,143
79$41,425,640$0$0$29,612,297
80$45,429,669$0$0$32,478,464
81$49,835,134$0$0$35,632,121
82$54,682,764$0$0$39,102,437
83$60,017,431$0$0$42,921,554
84$65,888,582$0$0$47,124,888
85$72,350,695$0$0$51,751,460
86$79,463,799$0$0$56,844,266
87$87,294,041$0$0$62,450,685
88$95,914,303$0$0$68,622,921
89$105,404,894$0$0$75,418,495
90$115,854,306$0$0$82,900,794
91$127,360,048$0$0$91,139,659
92$140,029,568$0$0$100,212,053
93$153,981,260$0$0$110,202,780
94$169,345,588$0$0$121,205,288
95$186,266,313$0$0$133,322,548
96$204,901,847$0$0$146,668,031
97$225,426,751$0$0$161,366,770
98$248,033,379$0$0$177,556,546
99$272,933,697$0$0$195,389,186
100$300,361,276$0$0$215,031,995