Can I retire at age 30 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$75,725$75,050$74,392$73,750$73,123$72,329
2 years$37,488$36,789$36,113$35,457$34,820$34,021
3 years$24,743$24,042$23,367$22,717$22,092$21,312
4 years$18,373$17,674$17,005$16,367$15,756$15,001
5 years$14,551$13,856$13,197$12,571$11,977$11,250
6 years$12,004$11,315$10,665$10,053$9,477$8,779
7 years$10,186$9,502$8,863$8,265$7,708$7,038
8 years$8,823$8,145$7,516$6,934$6,394$5,753
9 years$7,763$7,092$6,474$5,906$5,385$4,772
10 years$6,916$6,251$5,644$5,091$4,588$4,004
11 years$6,223$5,565$4,969$4,431$3,946$3,389
12 years$5,646$4,995$4,410$3,886$3,419$2,890
13 years$5,158$4,514$3,940$3,431$2,982$2,478
14 years$4,741$4,103$3,540$3,046$2,614$2,136
15 years$4,379$3,748$3,196$2,716$2,301$1,848
16 years$4,063$3,439$2,898$2,432$2,034$1,605
17 years$3,784$3,167$2,637$2,185$1,804$1,398
18 years$3,537$2,926$2,407$1,969$1,604$1,221
19 years$3,315$2,712$2,204$1,779$1,429$1,068
20 years$3,117$2,520$2,022$1,612$1,277$936
21 years$2,937$2,348$1,860$1,463$1,143$822
22 years$2,774$2,191$1,714$1,330$1,024$723
23 years$2,625$2,050$1,583$1,211$919$636
24 years$2,489$1,920$1,464$1,105$826$561
25 years$2,364$1,802$1,356$1,009$744$495
26 years$2,249$1,694$1,258$922$670$437
27 years$2,142$1,594$1,168$844$604$386
28 years$2,044$1,502$1,086$774$545$341
29 years$1,952$1,417$1,010$709$492$301
30 years$1,867$1,338$941$651$445$267
31 years$1,787$1,265$877$598$402$236
32 years$1,712$1,197$818$549$364$209
33 years$1,642$1,134$764$505$329$185
34 years$1,576$1,074$714$465$298$164
35 years$1,515$1,019$668$428$270$145
36 years$1,456$967$625$394$244$129
37 years$1,401$919$585$363$222$114
38 years$1,349$873$547$335$201$101
39 years$1,300$830$513$309$182$90
40 years$1,254$790$481$285$165$80
41 years$1,209$752$451$263$150$71
42 years$1,167$716$423$242$136$63
43 years$1,128$682$397$224$123$56
44 years$1,090$650$372$207$112$49
45 years$1,053$620$350$191$102$44
46 years$1,019$592$328$176$92$39
47 years$986$565$309$163$84$35
48 years$954$539$290$150$76$31
49 years$924$515$273$139$69$27
50 years$895$492$256$129$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $917,000, adding $3,829 every year, while hoping to spend $20,544 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: 47/27/26 Blend
29$917,000$917,000$917,000$917,000
30$1,014,484$965,883$951,669$1,054,456
31$1,096,102$991,352$961,691$1,108,439
32$1,185,358$1,017,381$971,361$1,164,687
33$1,283,007$1,043,975$980,644$1,225,340
34$1,389,883$1,071,140$989,505$1,290,822
35$1,506,905$1,098,880$997,908$1,361,600
36$1,635,085$1,127,200$1,005,813$1,438,188
37$1,775,534$1,156,104$1,013,178$1,521,154
38$1,929,480$1,185,594$1,019,961$1,611,122
39$2,098,273$1,215,674$1,026,116$1,708,780
40$2,283,400$1,246,346$1,031,594$1,814,886
41$2,486,500$1,277,610$1,036,346$1,930,274
42$2,709,377$1,309,467$1,040,317$2,055,867
43$2,954,019$1,341,917$1,043,454$2,192,678
44$3,222,616$1,374,957$1,045,696$2,341,826
45$3,517,579$1,408,586$1,046,983$2,504,542
46$3,841,566$1,442,801$1,047,251$2,682,184
47$4,197,502$1,477,595$1,046,431$2,876,249
48$4,588,613$1,512,963$1,044,452$3,088,386
49$5,018,451$1,548,898$1,041,241$3,320,412
50$5,490,930$1,585,390$1,036,718$3,574,332
51$6,010,359$1,622,429$1,030,803$3,852,353
52$6,581,491$1,660,002$1,023,410$4,156,910
53$7,209,557$1,698,096$1,014,448$4,490,684
54$7,900,323$1,736,695$1,003,824$4,856,632
55$8,660,142$1,775,779$991,438$5,258,013
56$9,496,014$1,815,330$977,189$5,698,418
57$10,415,650$1,855,323$960,966$6,181,807
58$11,427,546$1,895,733$942,659$6,712,542
59$12,541,064$1,936,533$922,147$7,295,433
60$13,766,521$1,977,692$899,307$7,935,781
61$15,115,282$2,019,174$874,009$8,639,428
62$16,599,871$2,060,944$846,118$9,412,814
63$18,234,086$2,102,959$815,492$10,263,036
64$20,033,134$2,145,175$781,983$11,197,917
65$22,013,769$2,187,544$745,434$12,226,080
66$24,194,453$2,230,013$705,685$13,357,029
67$26,595,527$2,272,523$662,566$14,601,237
68$29,239,408$2,315,014$615,899$15,970,251
69$32,150,795$2,357,418$565,499$17,476,793
70$35,356,907$2,399,662$511,174$19,134,890
71$38,887,734$2,441,667$452,721$20,959,998
72$42,776,325$2,483,351$389,929$22,969,155
73$47,059,096$2,524,621$322,577$25,181,136
74$51,776,177$2,565,381$250,437$27,616,637
75$56,971,787$2,605,524$173,267$30,298,467
76$62,694,654$2,644,940$90,816$33,251,766
77$68,998,474$2,683,507$2,824$36,504,240
78$75,942,416$2,721,097$0$40,086,425
79$83,591,682$2,757,570$0$44,057,243
80$92,018,122$2,792,779$0$48,430,999
81$101,300,911$2,826,567$0$53,247,871
82$111,527,299$2,858,763$0$58,553,000
83$122,793,430$2,889,189$0$64,396,132
84$135,205,252$2,917,651$0$70,832,085
85$148,879,517$2,943,946$0$77,921,273
86$163,944,882$2,967,853$0$85,730,269
87$180,543,123$2,989,141$0$94,332,437
88$198,830,474$3,007,562$0$103,808,628
89$218,979,102$3,022,852$0$114,247,937
90$241,178,729$3,034,730$0$125,748,549
91$265,638,427$3,042,899$0$138,418,665
92$292,588,587$3,047,042$0$152,377,524
93$322,283,097$3,046,821$0$167,756,528
94$355,001,737$3,041,880$0$184,700,485
95$391,052,820$3,031,838$0$203,368,973
96$430,776,102$3,016,292$0$223,937,850
97$474,545,990$2,994,815$0$246,600,915
98$522,775,074$2,966,954$0$271,571,735
99$575,918,024$2,932,228$0$299,085,665
100$634,475,882$2,890,126$0$329,402,070