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%11.2%
1 years$75,642$74,969$74,311$73,670$73,043$72,674
2 years$37,447$36,749$36,073$35,418$34,782$34,410
3 years$24,717$24,016$23,342$22,693$22,067$21,703
4 years$18,353$17,654$16,987$16,349$15,739$15,385
5 years$14,535$13,841$13,183$12,557$11,964$11,623
6 years$11,991$11,302$10,653$10,042$9,467$9,138
7 years$10,175$9,492$8,853$8,256$7,699$7,383
8 years$8,813$8,136$7,508$6,926$6,387$6,083
9 years$7,755$7,084$6,467$5,899$5,379$5,088
10 years$6,908$6,244$5,638$5,085$4,583$4,304
11 years$6,216$5,559$4,963$4,426$3,942$3,675
12 years$5,640$4,989$4,405$3,882$3,416$3,161
13 years$5,153$4,509$3,936$3,427$2,979$2,736
14 years$4,735$4,098$3,536$3,042$2,611$2,380
15 years$4,374$3,744$3,193$2,713$2,299$2,079
16 years$4,058$3,435$2,895$2,429$2,032$1,823
17 years$3,780$3,164$2,634$2,183$1,802$1,603
18 years$3,533$2,923$2,404$1,967$1,602$1,413
19 years$3,312$2,709$2,201$1,777$1,428$1,249
20 years$3,113$2,518$2,020$1,610$1,275$1,106
21 years$2,934$2,345$1,858$1,461$1,141$981
22 years$2,771$2,189$1,713$1,328$1,023$872
23 years$2,622$2,047$1,581$1,210$918$776
24 years$2,486$1,918$1,462$1,103$825$691
25 years$2,362$1,800$1,354$1,008$743$616
26 years$2,247$1,692$1,256$921$669$550
27 years$2,140$1,592$1,166$843$603$491
28 years$2,042$1,500$1,084$773$544$439
29 years$1,950$1,415$1,009$709$491$393
30 years$1,865$1,337$940$650$444$351
31 years$1,785$1,264$876$597$401$315
32 years$1,710$1,196$818$549$363$282
33 years$1,640$1,132$763$505$329$253
34 years$1,575$1,073$713$464$298$226
35 years$1,513$1,018$667$428$270$203
36 years$1,455$966$624$394$244$182
37 years$1,400$918$584$363$221$163
38 years$1,348$872$547$334$201$147
39 years$1,299$829$512$308$182$132
40 years$1,252$789$480$284$165$118
41 years$1,208$751$450$262$150$106
42 years$1,166$715$422$242$136$95
43 years$1,126$681$396$224$123$86
44 years$1,088$650$372$206$112$77
45 years$1,052$619$349$191$102$69
46 years$1,018$591$328$176$92$62
47 years$985$564$308$163$84$56
48 years$953$538$290$150$76$50
49 years$923$514$272$139$69$45
50 years$894$491$256$128$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $916,000, adding $4,822 every year, while hoping to spend $23,440 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: 45/25/30 Blend
29$916,000$916,000$916,000$916,000
30$1,014,406$965,858$951,660$1,051,063
31$1,092,935$988,245$958,601$1,100,069
32$1,178,689$1,010,943$964,988$1,150,581
33$1,272,379$1,033,944$970,779$1,204,925
34$1,374,790$1,057,235$975,928$1,263,472
35$1,486,785$1,080,806$980,388$1,326,633
36$1,609,314$1,104,642$984,108$1,394,860
37$1,743,423$1,128,728$987,034$1,468,651
38$1,890,265$1,153,049$989,113$1,548,557
39$2,051,109$1,177,585$990,285$1,635,184
40$2,227,352$1,202,317$990,490$1,729,201
41$2,420,533$1,227,222$989,662$1,831,345
42$2,632,348$1,252,276$987,736$1,942,431
43$2,864,662$1,277,452$984,641$2,063,353
44$3,119,533$1,302,723$980,301$2,195,103
45$3,399,225$1,328,056$974,641$2,338,772
46$3,706,233$1,353,417$967,578$2,495,561
47$4,043,304$1,378,771$959,028$2,666,798
48$4,413,467$1,404,076$948,901$2,853,946
49$4,820,055$1,429,290$937,104$3,058,618
50$5,266,742$1,454,367$923,538$3,282,594
51$5,757,575$1,479,256$908,102$3,527,836
52$6,297,012$1,503,904$890,688$3,796,508
53$6,889,965$1,528,253$871,184$4,090,994
54$7,541,845$1,552,241$849,472$4,413,926
55$8,258,614$1,575,801$825,430$4,768,205
56$9,046,839$1,598,862$798,928$5,157,030
57$9,913,757$1,621,347$769,833$5,583,926
58$10,867,341$1,643,174$738,003$6,052,784
59$11,916,376$1,664,255$703,292$6,567,891
60$13,070,540$1,684,498$665,546$7,133,974
61$14,340,498$1,703,801$624,605$7,756,246
62$15,738,000$1,722,058$580,300$8,440,454
63$17,275,992$1,739,155$532,456$9,192,934
64$18,968,739$1,754,970$480,890$10,020,672
65$20,831,961$1,769,374$425,410$10,931,369
66$22,882,977$1,782,229$365,817$11,933,515
67$25,140,869$1,793,387$301,901$13,036,472
68$27,626,668$1,802,693$233,444$14,250,559
69$30,363,543$1,809,980$160,219$15,587,151
70$33,377,026$1,815,071$81,989$17,058,792
71$36,695,252$1,817,778$0$18,679,305
72$40,349,220$1,817,901$0$20,464,411
73$44,373,090$1,815,229$0$22,458,470
74$48,804,506$1,809,535$0$24,653,817
75$53,684,945$1,800,582$0$27,070,957
76$59,060,113$1,788,114$0$29,732,490
77$64,980,377$1,771,864$0$32,663,320
78$71,501,236$1,751,546$0$35,890,894
79$78,683,848$1,726,857$0$39,445,460
80$86,595,604$1,697,478$0$43,360,354
81$95,310,769$1,663,067$0$47,672,312
82$104,911,177$1,623,267$0$52,421,821
83$115,487,006$1,577,696$0$57,653,499
84$127,137,629$1,525,951$0$63,416,519
85$139,972,550$1,467,605$0$69,765,072
86$154,112,439$1,402,207$0$76,758,879
87$169,690,272$1,329,280$0$84,463,755
88$186,852,582$1,248,317$0$92,952,233
89$205,760,846$1,158,785$0$102,304,249
90$226,593,006$1,060,119$0$112,607,893
91$249,545,150$951,722$0$123,960,250
92$274,833,361$832,963$0$136,468,308
93$302,695,761$703,174$0$150,249,975
94$333,394,750$561,652$0$165,435,190
95$367,219,494$407,652$0$182,167,153
96$404,488,643$240,388$0$200,603,676
97$445,553,348$59,030$0$220,918,676
98$490,800,569$0$0$243,303,814
99$540,656,731$0$0$268,008,082
100$595,591,748$0$0$295,247,094