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%11.3%
1 years$75,642$74,969$74,311$73,670$73,043$72,644
2 years$37,447$36,749$36,073$35,418$34,782$34,379
3 years$24,717$24,016$23,342$22,693$22,067$21,673
4 years$18,353$17,654$16,987$16,349$15,739$15,356
5 years$14,535$13,841$13,183$12,557$11,964$11,595
6 years$11,991$11,302$10,653$10,042$9,467$9,111
7 years$10,175$9,492$8,853$8,256$7,699$7,357
8 years$8,813$8,136$7,508$6,926$6,387$6,059
9 years$7,755$7,084$6,467$5,899$5,379$5,064
10 years$6,908$6,244$5,638$5,085$4,583$4,282
11 years$6,216$5,559$4,963$4,426$3,942$3,654
12 years$5,640$4,989$4,405$3,882$3,416$3,141
13 years$5,153$4,509$3,936$3,427$2,979$2,716
14 years$4,735$4,098$3,536$3,042$2,611$2,361
15 years$4,374$3,744$3,193$2,713$2,299$2,061
16 years$4,058$3,435$2,895$2,429$2,032$1,806
17 years$3,780$3,164$2,634$2,183$1,802$1,587
18 years$3,533$2,923$2,404$1,967$1,602$1,399
19 years$3,312$2,709$2,201$1,777$1,428$1,235
20 years$3,113$2,518$2,020$1,610$1,275$1,093
21 years$2,934$2,345$1,858$1,461$1,141$969
22 years$2,771$2,189$1,713$1,328$1,023$860
23 years$2,622$2,047$1,581$1,210$918$765
24 years$2,486$1,918$1,462$1,103$825$681
25 years$2,362$1,800$1,354$1,008$743$607
26 years$2,247$1,692$1,256$921$669$541
27 years$2,140$1,592$1,166$843$603$483
28 years$2,042$1,500$1,084$773$544$431
29 years$1,950$1,415$1,009$709$491$385
30 years$1,865$1,337$940$650$444$345
31 years$1,785$1,264$876$597$401$308
32 years$1,710$1,196$818$549$363$276
33 years$1,640$1,132$763$505$329$247
34 years$1,575$1,073$713$464$298$221
35 years$1,513$1,018$667$428$270$198
36 years$1,455$966$624$394$244$178
37 years$1,400$918$584$363$221$159
38 years$1,348$872$547$334$201$143
39 years$1,299$829$512$308$182$128
40 years$1,252$789$480$284$165$115
41 years$1,208$751$450$262$150$103
42 years$1,166$715$422$242$136$93
43 years$1,126$681$396$224$123$83
44 years$1,088$650$372$206$112$75
45 years$1,052$619$349$191$102$67
46 years$1,018$591$328$176$92$60
47 years$985$564$308$163$84$54
48 years$953$538$290$150$76$48
49 years$923$514$272$139$69$43
50 years$894$491$256$128$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $916,000, adding $5,176 every year, while hoping to spend $21,710 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: 30/50/20 Blend
29$916,000$916,000$916,000$916,000
30$1,014,771$966,223$952,025$1,038,721
31$1,095,178$990,469$960,819$1,081,596
32$1,183,060$1,015,175$969,179$1,125,381
33$1,279,154$1,040,341$977,069$1,172,026
34$1,384,276$1,065,966$984,449$1,221,793
35$1,499,322$1,092,048$991,278$1,274,969
36$1,625,279$1,118,584$997,512$1,331,868
37$1,763,234$1,145,572$1,003,105$1,392,839
38$1,914,384$1,173,004$1,008,009$1,458,265
39$2,080,047$1,200,878$1,012,173$1,528,570
40$2,261,675$1,229,184$1,015,544$1,604,217
41$2,460,868$1,257,915$1,018,067$1,685,720
42$2,679,385$1,287,062$1,019,681$1,773,645
43$2,919,169$1,316,614$1,020,326$1,868,614
44$3,182,354$1,346,558$1,019,937$1,971,314
45$3,471,295$1,376,881$1,018,446$2,082,501
46$3,788,585$1,407,566$1,015,782$2,203,010
47$4,137,080$1,438,596$1,011,870$2,333,760
48$4,519,926$1,469,951$1,006,632$2,475,766
49$4,940,590$1,501,610$999,985$2,630,145
50$5,402,890$1,533,549$991,844$2,798,129
51$5,911,033$1,565,741$982,119$2,981,077
52$6,469,653$1,598,157$970,715$3,180,486
53$7,083,857$1,630,766$957,534$3,398,007
54$7,759,270$1,663,534$942,471$3,635,460
55$8,502,091$1,696,422$925,419$3,894,854
56$9,319,147$1,729,390$906,264$4,178,399
57$10,217,964$1,762,393$884,887$4,488,538
58$11,206,830$1,795,384$861,164$4,827,958
59$12,294,879$1,828,311$834,966$5,199,625
60$13,492,175$1,861,116$806,156$5,606,810
61$14,809,807$1,893,741$774,592$6,053,117
62$16,259,993$1,926,119$740,126$6,542,521
63$17,856,194$1,958,181$702,602$7,079,403
64$19,613,245$1,989,851$661,858$7,668,594
65$21,547,490$2,021,048$617,724$8,315,421
66$23,676,939$2,051,685$570,024$9,025,755
67$26,021,438$2,081,668$518,570$9,806,071
68$28,602,853$2,110,899$463,171$10,663,504
69$31,445,281$2,139,269$403,624$11,605,925
70$34,575,271$2,166,665$339,717$12,642,005
71$38,022,082$2,192,965$271,231$13,781,310
72$41,817,951$2,218,037$197,934$15,034,380
73$45,998,404$2,241,743$119,587$16,412,837
74$50,602,587$2,263,934$35,939$17,929,494
75$55,673,635$2,284,451$0$19,598,474
76$61,259,082$2,303,125$0$21,446,728
77$67,411,307$2,319,777$0$23,488,961
78$74,188,028$2,334,214$0$25,736,478
79$81,652,849$2,346,232$0$28,210,199
80$89,875,857$2,355,615$0$30,933,180
81$98,934,286$2,362,132$0$33,930,833
82$108,913,245$2,365,538$0$37,231,166
83$119,906,519$2,365,572$0$40,865,047
84$132,017,456$2,361,958$0$44,866,498
85$145,359,944$2,354,401$0$49,273,016
86$160,059,482$2,342,591$0$54,125,926
87$176,254,367$2,326,195$0$59,470,775
88$194,096,998$2,304,864$0$65,357,762
89$213,755,314$2,278,226$0$71,842,212
90$235,414,383$2,245,885$0$78,985,100
91$259,278,141$2,207,425$0$86,853,629
92$285,571,325$2,162,402$0$95,521,863
93$314,541,588$2,110,347$0$105,071,430
94$346,461,840$2,050,765$0$115,592,293
95$381,632,824$1,983,128$0$127,183,601
96$420,385,952$1,906,882$0$139,954,627
97$463,086,437$1,821,437$0$154,025,800
98$510,136,736$1,726,170$0$169,529,845
99$561,980,354$1,620,423$0$186,613,038
100$619,106,025$1,503,499$0$205,436,589