Can I retire at age 30 with 916,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$75,642$74,969$74,311$73,670$73,043$72,100
2 years$37,447$36,749$36,073$35,418$34,782$33,834
3 years$24,717$24,016$23,342$22,693$22,067$21,143
4 years$18,353$17,654$16,987$16,349$15,739$14,845
5 years$14,535$13,841$13,183$12,557$11,964$11,104
6 years$11,991$11,302$10,653$10,042$9,467$8,641
7 years$10,175$9,492$8,853$8,256$7,699$6,908
8 years$8,813$8,136$7,508$6,926$6,387$5,631
9 years$7,755$7,084$6,467$5,899$5,379$4,657
10 years$6,908$6,244$5,638$5,085$4,583$3,895
11 years$6,216$5,559$4,963$4,426$3,942$3,287
12 years$5,640$4,989$4,405$3,882$3,416$2,794
13 years$5,153$4,509$3,936$3,427$2,979$2,388
14 years$4,735$4,098$3,536$3,042$2,611$2,052
15 years$4,374$3,744$3,193$2,713$2,299$1,769
16 years$4,058$3,435$2,895$2,429$2,032$1,531
17 years$3,780$3,164$2,634$2,183$1,802$1,329
18 years$3,533$2,923$2,404$1,967$1,602$1,156
19 years$3,312$2,709$2,201$1,777$1,428$1,008
20 years$3,113$2,518$2,020$1,610$1,275$880
21 years$2,934$2,345$1,858$1,461$1,141$770
22 years$2,771$2,189$1,713$1,328$1,023$675
23 years$2,622$2,047$1,581$1,210$918$591
24 years$2,486$1,918$1,462$1,103$825$519
25 years$2,362$1,800$1,354$1,008$743$456
26 years$2,247$1,692$1,256$921$669$401
27 years$2,140$1,592$1,166$843$603$353
28 years$2,042$1,500$1,084$773$544$311
29 years$1,950$1,415$1,009$709$491$274
30 years$1,865$1,337$940$650$444$241
31 years$1,785$1,264$876$597$401$213
32 years$1,710$1,196$818$549$363$187
33 years$1,640$1,132$763$505$329$165
34 years$1,575$1,073$713$464$298$146
35 years$1,513$1,018$667$428$270$129
36 years$1,455$966$624$394$244$114
37 years$1,400$918$584$363$221$100
38 years$1,348$872$547$334$201$89
39 years$1,299$829$512$308$182$78
40 years$1,252$789$480$284$165$69
41 years$1,208$751$450$262$150$61
42 years$1,166$715$422$242$136$54
43 years$1,126$681$396$224$123$48
44 years$1,088$650$372$206$112$42
45 years$1,052$619$349$191$102$37
46 years$1,018$591$328$176$92$33
47 years$985$564$308$163$84$29
48 years$953$538$290$150$76$26
49 years$923$514$272$139$69$23
50 years$894$491$256$128$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $916,000, adding $4,092 every year, while hoping to spend $25,769 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: 42/49/9 Blend
29$916,000$916,000$916,000$916,000
30$1,013,653$965,105$950,907$1,053,386
31$1,089,627$984,977$955,344$1,101,388
32$1,172,488$1,004,959$959,067$1,150,417
33$1,262,909$1,025,030$962,023$1,202,921
34$1,361,634$1,045,165$964,159$1,259,227
35$1,469,482$1,065,338$965,419$1,319,696
36$1,587,352$1,085,523$965,743$1,384,725
37$1,716,236$1,105,688$965,070$1,454,750
38$1,857,226$1,125,800$963,334$1,530,256
39$2,011,524$1,145,826$960,467$1,611,772
40$2,180,453$1,165,725$956,396$1,699,887
41$2,365,472$1,185,458$951,048$1,795,246
42$2,568,185$1,204,980$944,343$1,898,563
43$2,790,359$1,224,244$936,198$2,010,623
44$3,033,943$1,243,199$926,527$2,132,294
45$3,301,079$1,261,790$915,240$2,264,532
46$3,594,130$1,279,958$902,242$2,408,391
47$3,915,697$1,297,642$887,433$2,565,033
48$4,268,645$1,314,773$870,709$2,735,741
49$4,656,131$1,331,281$851,961$2,921,928
50$5,081,631$1,347,088$831,076$3,125,154
51$5,548,974$1,362,113$807,935$3,347,139
52$6,062,381$1,376,268$782,412$3,589,778
53$6,626,499$1,389,461$754,378$3,855,164
54$7,246,449$1,401,590$723,696$4,145,602
55$7,927,870$1,412,552$690,224$4,463,635
56$8,676,979$1,422,233$653,812$4,812,069
57$9,500,621$1,430,513$614,305$5,193,995
58$10,406,340$1,437,264$571,541$5,612,826
59$11,402,448$1,442,351$525,348$6,072,322
60$12,498,100$1,445,628$475,550$6,576,630
61$13,703,386$1,446,944$421,960$7,130,324
62$15,029,421$1,446,133$364,385$7,738,447
63$16,488,452$1,443,025$302,623$8,406,561
64$18,093,975$1,437,434$236,461$9,140,796
65$19,860,858$1,429,165$165,680$9,947,914
66$21,805,483$1,418,012$90,048$10,835,370
67$23,945,904$1,403,756$9,326$11,811,384
68$26,302,009$1,386,163$0$12,885,020
69$28,895,716$1,364,987$0$14,073,648
70$31,751,175$1,339,967$0$15,382,343
71$34,894,995$1,310,826$0$16,822,383
72$38,356,499$1,277,271$0$18,407,188
73$42,167,996$1,238,992$0$20,151,554
74$46,365,089$1,195,659$0$22,071,790
75$50,987,007$1,146,926$0$24,185,873
76$56,076,981$1,092,424$0$26,513,624
77$61,682,645$1,031,765$0$29,076,890
78$67,856,490$964,537$0$31,899,753
79$74,656,357$890,304$0$35,008,761
80$82,145,983$808,606$0$38,433,177
81$90,395,603$718,958$0$42,205,260
82$99,482,613$620,845$0$46,360,566
83$109,492,297$513,724$0$50,938,290
84$120,518,636$397,022$0$55,981,634
85$132,665,193$270,132$0$61,538,221
86$146,046,089$132,415$0$67,660,540
87$160,787,082$0$0$74,406,450
88$177,026,750$0$0$81,848,786
89$194,917,806$0$0$90,126,764
90$214,628,531$0$0$99,246,873
91$236,344,366$0$0$109,294,939
92$260,269,664$0$0$120,365,541
93$286,629,615$0$0$132,562,904
94$315,672,373$0$0$146,001,880
95$347,671,398$0$0$160,809,036
96$382,928,037$0$0$177,123,842
97$421,774,370$0$0$195,099,996
98$464,576,340$0$0$214,906,867
99$511,737,213$0$0$236,731,099
100$563,701,378$0$0$260,778,371