Can I retire at age 30 with 917,000?

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 $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%16%
1 years$75,725$75,050$74,392$73,750$73,123$71,326
2 years$37,488$36,789$36,113$35,457$34,820$33,021
3 years$24,743$24,042$23,367$22,717$22,092$20,346
4 years$18,373$17,674$17,005$16,367$15,756$14,078
5 years$14,551$13,856$13,197$12,571$11,977$10,371
6 years$12,004$11,315$10,665$10,053$9,477$7,945
7 years$10,186$9,502$8,863$8,265$7,708$6,249
8 years$8,823$8,145$7,516$6,934$6,394$5,009
9 years$7,763$7,092$6,474$5,906$5,385$4,071
10 years$6,916$6,251$5,644$5,091$4,588$3,345
11 years$6,223$5,565$4,969$4,431$3,946$2,772
12 years$5,646$4,995$4,410$3,886$3,419$2,312
13 years$5,158$4,514$3,940$3,431$2,982$1,939
14 years$4,741$4,103$3,540$3,046$2,614$1,633
15 years$4,379$3,748$3,196$2,716$2,301$1,381
16 years$4,063$3,439$2,898$2,432$2,034$1,171
17 years$3,784$3,167$2,637$2,185$1,804$995
18 years$3,537$2,926$2,407$1,969$1,604$848
19 years$3,315$2,712$2,204$1,779$1,429$723
20 years$3,117$2,520$2,022$1,612$1,277$618
21 years$2,937$2,348$1,860$1,463$1,143$529
22 years$2,774$2,191$1,714$1,330$1,024$453
23 years$2,625$2,050$1,583$1,211$919$388
24 years$2,489$1,920$1,464$1,105$826$333
25 years$2,364$1,802$1,356$1,009$744$286
26 years$2,249$1,694$1,258$922$670$246
27 years$2,142$1,594$1,168$844$604$211
28 years$2,044$1,502$1,086$774$545$182
29 years$1,952$1,417$1,010$709$492$156
30 years$1,867$1,338$941$651$445$134
31 years$1,787$1,265$877$598$402$116
32 years$1,712$1,197$818$549$364$100
33 years$1,642$1,134$764$505$329$86
34 years$1,576$1,074$714$465$298$74
35 years$1,515$1,019$668$428$270$64
36 years$1,456$967$625$394$244$55
37 years$1,401$919$585$363$222$47
38 years$1,349$873$547$335$201$41
39 years$1,300$830$513$309$182$35
40 years$1,254$790$481$285$165$30
41 years$1,209$752$451$263$150$26
42 years$1,167$716$423$242$136$22
43 years$1,128$682$397$224$123$19
44 years$1,090$650$372$207$112$17
45 years$1,053$620$350$191$102$14
46 years$1,019$592$328$176$92$12
47 years$986$565$309$163$84$11
48 years$954$539$290$150$76$9
49 years$924$515$273$139$69$8
50 years$895$492$256$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $917,000, adding $6,588 every year, while hoping to spend $30,910 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: 64/20/16 Blend
29$917,000$917,000$917,000$917,000
30$1,017,330$968,729$954,515$1,078,033
31$1,088,209$983,308$953,603$1,134,124
32$1,165,282$997,566$951,625$1,191,229
33$1,249,149$1,011,455$948,512$1,252,864
34$1,340,467$1,024,921$944,192$1,319,468
35$1,439,963$1,037,910$938,591$1,391,531
36$1,548,434$1,050,363$931,629$1,469,589
37$1,666,760$1,062,217$923,224$1,554,237
38$1,795,908$1,073,403$913,290$1,646,126
39$1,936,941$1,083,850$901,736$1,745,979
40$2,091,032$1,093,482$888,467$1,854,590
41$2,259,470$1,102,216$873,384$1,972,834
42$2,443,677$1,109,965$856,383$2,101,680
43$2,645,216$1,116,637$837,355$2,242,192
44$2,865,808$1,122,133$816,187$2,395,545
45$3,107,351$1,126,347$792,759$2,563,035
46$3,371,931$1,129,169$766,948$2,746,090
47$3,661,849$1,130,480$738,622$2,946,287
48$3,979,638$1,130,153$707,645$3,165,363
49$4,328,085$1,128,054$673,875$3,405,233
50$4,710,263$1,124,043$637,164$3,668,009
51$5,129,557$1,117,968$597,356$3,956,021
52$5,589,692$1,109,668$554,287$4,271,837
53$6,094,773$1,098,975$507,789$4,618,288
54$6,649,323$1,085,708$457,683$4,998,498
55$7,258,324$1,069,677$403,785$5,415,907
56$7,927,261$1,050,680$345,900$5,874,314
57$8,662,181$1,028,502$283,827$6,377,901
58$9,469,742$1,002,917$217,353$6,931,285
59$10,357,281$973,685$146,260$7,539,552
60$11,332,880$940,552$70,316$8,208,312
61$12,405,444$903,249$0$8,943,749
62$13,584,782$861,492$0$9,754,512
63$14,881,703$814,978$0$10,659,216
64$16,308,116$763,391$0$11,654,175
65$17,877,140$706,393$0$12,748,573
66$19,603,230$643,628$0$13,952,530
67$21,502,314$574,721$0$15,277,199
68$23,591,941$499,273$0$16,734,873
69$25,891,445$416,864$0$18,339,101
70$28,422,133$327,051$0$20,104,816
71$31,207,479$229,364$0$22,048,475
72$34,273,348$123,309$0$24,188,216
73$37,648,240$8,362$0$26,544,031
74$41,363,561$0$0$29,137,951
75$45,453,913$0$0$32,019,796
76$49,957,426$0$0$35,194,838
77$54,916,114$0$0$38,690,869
78$60,376,274$0$0$42,540,540
79$66,388,920$0$0$46,779,827
80$73,010,266$0$0$51,448,377
81$80,302,253$0$0$56,589,874
82$88,333,139$0$0$62,252,457
83$97,178,136$0$0$68,489,172
84$106,920,127$0$0$75,358,472
85$117,650,440$0$0$82,924,767
86$129,469,715$0$0$91,259,036
87$142,488,853$0$0$100,439,493
88$156,830,060$0$0$110,552,325
89$172,628,001$0$0$121,692,508
90$190,031,072$0$0$133,964,701
91$209,202,799$0$0$147,484,234
92$230,323,382$0$0$162,378,196
93$253,591,394$0$0$178,786,634
94$279,225,657$0$0$196,863,879
95$307,467,305$0$0$216,779,994
96$338,582,060$0$0$238,722,386
97$372,862,744$0$0$262,897,574
98$410,632,034$0$0$289,533,135
99$452,245,516$0$0$318,879,853
100$498,095,038$0$0$351,214,088