Can I retire at age 30 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$75,642$74,969$74,311$73,670$73,043$71,686
2 years$37,447$36,749$36,073$35,418$34,782$33,420
3 years$24,717$24,016$23,342$22,693$22,067$20,742
4 years$18,353$17,654$16,987$16,349$15,739$14,461
5 years$14,535$13,841$13,183$12,557$11,964$10,738
6 years$11,991$11,302$10,653$10,042$9,467$8,293
7 years$10,175$9,492$8,853$8,256$7,699$6,578
8 years$8,813$8,136$7,508$6,926$6,387$5,319
9 years$7,755$7,084$6,467$5,899$5,379$4,363
10 years$6,908$6,244$5,638$5,085$4,583$3,618
11 years$6,216$5,559$4,963$4,426$3,942$3,026
12 years$5,640$4,989$4,405$3,882$3,416$2,549
13 years$5,153$4,509$3,936$3,427$2,979$2,159
14 years$4,735$4,098$3,536$3,042$2,611$1,837
15 years$4,374$3,744$3,193$2,713$2,299$1,570
16 years$4,058$3,435$2,895$2,429$2,032$1,345
17 years$3,780$3,164$2,634$2,183$1,802$1,156
18 years$3,533$2,923$2,404$1,967$1,602$995
19 years$3,312$2,709$2,201$1,777$1,428$859
20 years$3,113$2,518$2,020$1,610$1,275$742
21 years$2,934$2,345$1,858$1,461$1,141$643
22 years$2,771$2,189$1,713$1,328$1,023$557
23 years$2,622$2,047$1,581$1,210$918$483
24 years$2,486$1,918$1,462$1,103$825$419
25 years$2,362$1,800$1,354$1,008$743$364
26 years$2,247$1,692$1,256$921$669$317
27 years$2,140$1,592$1,166$843$603$276
28 years$2,042$1,500$1,084$773$544$240
29 years$1,950$1,415$1,009$709$491$209
30 years$1,865$1,337$940$650$444$182
31 years$1,785$1,264$876$597$401$159
32 years$1,710$1,196$818$549$363$138
33 years$1,640$1,132$763$505$329$121
34 years$1,575$1,073$713$464$298$105
35 years$1,513$1,018$667$428$270$92
36 years$1,455$966$624$394$244$80
37 years$1,400$918$584$363$221$70
38 years$1,348$872$547$334$201$61
39 years$1,299$829$512$308$182$53
40 years$1,252$789$480$284$165$46
41 years$1,208$751$450$262$150$41
42 years$1,166$715$422$242$136$35
43 years$1,126$681$396$224$123$31
44 years$1,088$650$372$206$112$27
45 years$1,052$619$349$191$102$24
46 years$1,018$591$328$176$92$21
47 years$985$564$308$163$84$18
48 years$953$538$290$150$76$16
49 years$923$514$272$139$69$14
50 years$894$491$256$128$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $916,000, adding $6,537 every year, while hoping to spend $22,591 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: 36/35/29 Blend
29$916,000$916,000$916,000$916,000
30$1,016,175$967,627$953,429$1,043,729
31$1,095,788$991,004$961,332$1,088,222
32$1,182,765$1,014,769$968,743$1,133,722
33$1,277,832$1,038,918$975,621$1,182,415
34$1,381,790$1,063,445$981,924$1,234,602
35$1,495,522$1,088,342$987,607$1,290,619
36$1,619,996$1,113,602$992,623$1,350,833
37$1,756,283$1,139,216$996,923$1,415,650
38$1,905,559$1,165,173$1,000,456$1,485,517
39$2,069,121$1,191,461$1,003,165$1,560,929
40$2,248,395$1,218,067$1,004,996$1,642,429
41$2,444,955$1,244,975$1,005,886$1,730,618
42$2,660,531$1,272,170$1,005,774$1,826,158
43$2,897,031$1,299,632$1,004,593$1,929,779
44$3,156,555$1,327,341$1,002,274$2,042,286
45$3,441,418$1,355,275$998,745$2,164,567
46$3,754,168$1,383,409$993,928$2,297,601
47$4,097,613$1,411,715$987,744$2,442,468
48$4,474,845$1,440,165$980,109$2,600,360
49$4,889,272$1,468,727$970,936$2,772,590
50$5,344,648$1,497,364$960,133$2,960,607
51$5,845,107$1,526,040$947,602$3,166,009
52$6,395,205$1,554,713$933,244$3,390,557
53$6,999,961$1,583,339$916,952$3,636,196
54$7,664,904$1,611,870$898,617$3,905,067
55$8,396,126$1,640,253$878,123$4,199,534
56$9,200,339$1,668,433$855,348$4,522,203
57$10,084,937$1,696,350$830,166$4,875,948
58$11,058,069$1,723,940$802,444$5,263,937
59$12,128,711$1,751,131$772,045$5,689,666
60$13,306,753$1,777,851$738,823$6,156,987
61$14,603,096$1,804,019$702,627$6,670,149
62$16,029,745$1,829,549$663,298$7,233,837
63$17,599,932$1,854,350$620,672$7,853,218
64$19,328,235$1,878,324$574,574$8,533,986
65$21,230,719$1,901,365$524,826$9,282,422
66$23,325,082$1,923,362$471,238$10,105,451
67$25,630,828$1,944,195$413,612$11,010,707
68$28,169,448$1,963,736$351,744$12,006,607
69$30,964,622$1,981,850$285,418$13,102,432
70$34,042,444$1,998,390$214,409$14,308,412
71$37,431,665$2,013,203$138,484$15,635,828
72$41,163,969$2,026,124$57,397$17,097,115
73$45,274,267$2,036,978$0$18,705,983
74$49,801,031$2,045,578$0$20,486,561
75$54,786,651$2,051,726$0$22,466,035
76$60,277,841$2,055,212$0$24,645,080
77$66,326,075$2,055,812$0$27,044,034
78$72,988,076$2,053,288$0$29,685,312
79$80,326,348$2,047,387$0$32,593,616
80$88,409,769$2,037,843$0$35,796,174
81$97,314,237$2,024,369$0$39,322,991
82$107,123,392$2,006,666$0$43,207,137
83$117,929,399$1,984,413$0$47,485,056
84$129,833,819$1,957,271$0$52,196,916
85$142,948,573$1,924,882$0$57,386,984
86$157,396,990$1,886,864$0$63,104,047
87$173,314,978$1,842,815$0$69,401,874
88$190,852,300$1,792,307$0$76,339,721
89$210,173,993$1,734,889$0$83,982,895
90$231,461,924$1,670,082$0$92,403,369
91$254,916,505$1,597,381$0$101,680,464
92$280,758,586$1,516,249$0$111,901,597
93$309,231,537$1,426,121$0$123,163,110
94$340,603,550$1,326,397$0$135,571,179
95$375,170,166$1,216,444$0$149,242,816
96$413,257,065$1,095,593$0$164,306,979
97$455,223,145$963,136$0$180,905,788
98$501,463,900$818,324$0$199,195,868
99$552,415,165$660,369$0$219,349,832
100$608,557,220$488,435$0$241,557,910