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%13.2%
1 years$75,560$74,887$74,230$73,589$72,963$71,992
2 years$37,406$36,709$36,034$35,379$34,744$33,767
3 years$24,690$23,990$23,316$22,668$22,043$21,091
4 years$18,333$17,635$16,968$16,331$15,721$14,801
5 years$14,519$13,826$13,168$12,544$11,951$11,065
6 years$11,978$11,290$10,642$10,031$9,457$8,606
7 years$10,164$9,481$8,843$8,247$7,691$6,877
8 years$8,803$8,127$7,500$6,918$6,380$5,602
9 years$7,746$7,076$6,460$5,893$5,373$4,631
10 years$6,901$6,237$5,632$5,080$4,578$3,871
11 years$6,209$5,553$4,958$4,421$3,937$3,264
12 years$5,634$4,984$4,400$3,878$3,412$2,773
13 years$5,147$4,504$3,931$3,424$2,975$2,369
14 years$4,730$4,094$3,532$3,039$2,608$2,033
15 years$4,369$3,740$3,189$2,710$2,296$1,753
16 years$4,054$3,431$2,891$2,427$2,030$1,516
17 years$3,776$3,160$2,631$2,180$1,800$1,314
18 years$3,529$2,920$2,402$1,965$1,600$1,143
19 years$3,308$2,706$2,199$1,776$1,426$996
20 years$3,110$2,515$2,018$1,608$1,274$869
21 years$2,931$2,342$1,856$1,459$1,140$759
22 years$2,768$2,187$1,711$1,327$1,022$665
23 years$2,620$2,045$1,580$1,208$917$582
24 years$2,484$1,916$1,461$1,102$824$511
25 years$2,359$1,798$1,353$1,007$742$448
26 years$2,244$1,690$1,255$920$668$394
27 years$2,138$1,590$1,165$842$603$346
28 years$2,039$1,499$1,083$772$544$305
29 years$1,948$1,414$1,008$708$491$268
30 years$1,863$1,335$939$650$444$236
31 years$1,783$1,262$875$597$401$208
32 years$1,708$1,194$817$548$363$183
33 years$1,639$1,131$763$504$328$162
34 years$1,573$1,072$712$464$297$142
35 years$1,511$1,017$666$427$269$126
36 years$1,453$965$623$393$244$111
37 years$1,398$917$583$362$221$98
38 years$1,347$871$546$334$200$86
39 years$1,297$828$512$308$182$76
40 years$1,251$788$480$284$165$67
41 years$1,207$750$450$262$150$59
42 years$1,165$714$422$242$136$52
43 years$1,125$681$396$223$123$46
44 years$1,087$649$372$206$112$41
45 years$1,051$619$349$190$101$36
46 years$1,017$590$328$176$92$32
47 years$984$563$308$162$84$28
48 years$952$538$289$150$76$25
49 years$922$514$272$139$69$22
50 years$893$491$256$128$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $915,000, adding $4,951 every year, while hoping to spend $52,405 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: 67/9/24 Blend
29$915,000$915,000$915,000$915,000
30$1,013,437$964,942$950,759$1,074,775
31$1,061,049$956,466$926,851$1,108,116
32$1,111,761$945,818$900,386$1,138,131
33$1,165,834$932,836$871,222$1,169,742
34$1,223,554$917,349$839,213$1,203,108
35$1,285,233$899,177$804,203$1,238,405
36$1,351,216$878,125$766,033$1,275,827
37$1,421,877$853,990$724,532$1,315,593
38$1,497,630$826,558$679,526$1,357,942
39$1,578,928$795,599$630,830$1,403,143
40$1,666,268$760,872$578,251$1,451,491
41$1,760,194$722,121$521,590$1,503,315
42$1,861,305$679,077$460,635$1,558,980
43$1,970,260$631,453$395,167$1,618,890
44$2,087,779$578,947$324,958$1,683,493
45$2,214,657$521,240$249,768$1,753,287
46$2,351,765$457,994$169,349$1,828,820
47$2,500,061$388,851$83,438$1,910,701
48$2,660,598$313,436$0$1,999,607
49$2,834,535$231,350$0$2,098,395
50$3,023,144$142,172$0$2,228,719
51$3,227,824$45,459$0$2,370,183
52$3,450,116$0$0$2,523,877
53$3,691,713$0$0$2,696,874
54$3,954,478$0$0$2,889,975
55$4,240,460$0$0$3,100,189
56$4,551,915$0$0$3,329,182
57$4,891,326$0$0$3,578,784
58$5,261,422$0$0$3,851,011
59$5,665,210$0$0$4,148,082
60$6,105,999$0$0$4,472,439
61$6,587,430$0$0$4,826,770
62$7,113,515$0$0$5,214,034
63$7,688,666$0$0$5,637,489
64$8,317,744$0$0$6,100,722
65$9,006,100$0$0$6,607,685
66$9,759,628$0$0$7,162,725
67$10,584,814$0$0$7,770,632
68$11,488,805$0$0$8,436,681
69$12,479,470$0$0$9,166,681
70$13,565,475$0$0$9,967,028
71$14,756,365$0$0$10,844,770
72$16,062,653$0$0$11,807,665
73$17,495,919$0$0$12,864,264
74$19,068,916$0$0$14,023,980
75$20,795,694$0$0$15,297,185
76$22,691,728$0$0$16,695,304
77$24,774,066$0$0$18,230,922
78$27,061,488$0$0$19,917,903
79$29,574,682$0$0$21,771,520
80$32,336,438$0$0$23,808,599
81$35,371,866$0$0$26,047,676
82$38,708,626$0$0$28,509,172
83$42,377,193$0$0$31,215,588
84$46,411,144$0$0$34,191,709
85$50,847,469$0$0$37,464,847
86$55,726,925$0$0$41,065,092
87$61,094,415$0$0$45,025,594
88$66,999,414$0$0$49,382,881
89$73,496,435$0$0$54,177,199
90$80,645,538$0$0$59,452,891
91$88,512,903$0$0$65,258,817
92$97,171,447$0$0$71,648,811
93$106,701,514$0$0$78,682,193
94$117,191,634$0$0$86,424,325
95$128,739,352$0$0$94,947,224
96$141,452,154$0$0$104,330,250
97$155,448,476$0$0$114,660,844
98$170,858,821$0$0$126,035,359
99$187,826,991$0$0$138,559,966
100$206,511,443$0$0$152,351,658