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%16.9%
1 years$75,725$75,050$74,392$73,750$73,123$71,067
2 years$37,488$36,789$36,113$35,457$34,820$32,765
3 years$24,743$24,042$23,367$22,717$22,092$20,101
4 years$18,373$17,674$17,005$16,367$15,756$13,845
5 years$14,551$13,856$13,197$12,571$11,977$10,152
6 years$12,004$11,315$10,665$10,053$9,477$7,738
7 years$10,186$9,502$8,863$8,265$7,708$6,056
8 years$8,823$8,145$7,516$6,934$6,394$4,828
9 years$7,763$7,092$6,474$5,906$5,385$3,903
10 years$6,916$6,251$5,644$5,091$4,588$3,189
11 years$6,223$5,565$4,969$4,431$3,946$2,627
12 years$5,646$4,995$4,410$3,886$3,419$2,179
13 years$5,158$4,514$3,940$3,431$2,982$1,816
14 years$4,741$4,103$3,540$3,046$2,614$1,520
15 years$4,379$3,748$3,196$2,716$2,301$1,277
16 years$4,063$3,439$2,898$2,432$2,034$1,076
17 years$3,784$3,167$2,637$2,185$1,804$909
18 years$3,537$2,926$2,407$1,969$1,604$769
19 years$3,315$2,712$2,204$1,779$1,429$652
20 years$3,117$2,520$2,022$1,612$1,277$553
21 years$2,937$2,348$1,860$1,463$1,143$470
22 years$2,774$2,191$1,714$1,330$1,024$400
23 years$2,625$2,050$1,583$1,211$919$340
24 years$2,489$1,920$1,464$1,105$826$290
25 years$2,364$1,802$1,356$1,009$744$247
26 years$2,249$1,694$1,258$922$670$211
27 years$2,142$1,594$1,168$844$604$180
28 years$2,044$1,502$1,086$774$545$154
29 years$1,952$1,417$1,010$709$492$131
30 years$1,867$1,338$941$651$445$112
31 years$1,787$1,265$877$598$402$96
32 years$1,712$1,197$818$549$364$82
33 years$1,642$1,134$764$505$329$70
34 years$1,576$1,074$714$465$298$60
35 years$1,515$1,019$668$428$270$51
36 years$1,456$967$625$394$244$44
37 years$1,401$919$585$363$222$37
38 years$1,349$873$547$335$201$32
39 years$1,300$830$513$309$182$27
40 years$1,254$790$481$285$165$23
41 years$1,209$752$451$263$150$20
42 years$1,167$716$423$242$136$17
43 years$1,128$682$397$224$123$15
44 years$1,090$650$372$207$112$12
45 years$1,053$620$350$191$102$11
46 years$1,019$592$328$176$92$9
47 years$986$565$309$163$84$8
48 years$954$539$290$150$76$7
49 years$924$515$273$139$69$6
50 years$895$492$256$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $917,000, adding $3,621 every year, while hoping to spend $30,245 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: 71/5/24 Blend
29$917,000$917,000$917,000$917,000
30$1,014,269$965,668$951,455$1,079,923
31$1,085,544$980,805$951,148$1,139,385
32$1,163,075$995,671$949,817$1,200,581
33$1,247,469$1,010,219$947,396$1,266,862
34$1,339,393$1,024,401$943,816$1,338,730
35$1,439,580$1,038,166$939,003$1,416,739
36$1,548,839$1,051,458$932,881$1,501,499
37$1,668,058$1,064,217$925,370$1,593,683
38$1,798,217$1,076,381$916,387$1,694,033
39$1,940,393$1,087,881$905,844$1,803,366
40$2,095,771$1,098,645$893,648$1,922,585
41$2,265,658$1,108,597$879,703$2,052,682
42$2,451,491$1,117,654$863,909$2,194,753
43$2,654,853$1,125,729$846,160$2,350,007
44$2,877,488$1,132,729$826,346$2,519,775
45$3,121,314$1,138,555$804,351$2,705,526
46$3,388,445$1,143,102$780,054$2,908,876
47$3,681,210$1,146,258$753,329$3,131,612
48$4,002,172$1,147,902$724,044$3,375,699
49$4,354,154$1,147,911$692,060$3,643,307
50$4,740,267$1,146,148$657,234$3,936,825
51$5,163,937$1,142,471$619,413$4,258,890
52$5,628,935$1,136,729$578,441$4,612,407
53$6,139,420$1,128,762$534,151$5,000,578
54$6,699,968$1,118,398$486,373$5,426,934
55$7,315,623$1,105,459$434,925$5,895,367
56$7,991,942$1,089,751$379,620$6,410,167
57$8,735,044$1,071,073$320,261$6,976,064
58$9,551,671$1,049,208$256,643$7,598,272
59$10,449,253$1,023,931$188,552$8,282,537
60$11,435,973$994,999$115,764$9,035,194
61$12,520,846$962,158$38,046$9,863,228
62$13,713,806$925,138$0$10,774,334
63$15,025,797$883,652$0$11,788,495
64$16,468,876$837,399$0$12,914,712
65$18,056,328$786,058$0$14,153,607
66$19,802,791$729,292$0$15,516,617
67$21,724,391$666,743$0$17,016,339
68$23,838,898$598,033$0$18,666,657
69$26,165,892$522,763$0$20,482,868
70$28,726,945$440,510$0$22,481,829
71$31,545,828$350,830$0$24,682,115
72$34,648,732$253,250$0$27,104,192
73$38,064,517$147,273$0$29,770,615
74$41,824,983$32,374$0$32,706,236
75$45,965,169$0$0$35,938,442
76$50,523,687$0$0$39,502,473
77$55,543,081$0$0$43,428,857
78$61,070,231$0$0$47,752,491
79$67,156,796$0$0$52,513,794
80$73,859,699$0$0$57,757,302
81$81,241,665$0$0$63,532,091
82$89,371,811$0$0$69,892,241
83$98,326,303$0$0$76,897,342
84$108,189,068$0$0$84,613,060
85$119,052,590$0$0$93,111,755
86$131,018,780$0$0$102,473,164
87$144,199,940$0$0$112,785,154
88$158,719,823$0$0$124,144,547
89$174,714,795$0$0$136,658,041
90$192,335,129$0$0$150,443,210
91$211,746,419$0$0$165,629,617
92$233,131,143$0$0$182,360,035
93$256,690,387$0$0$200,791,796
94$282,645,740$0$0$221,098,275
95$311,241,386$0$0$243,470,524
96$342,746,410$0$0$268,119,079
97$377,457,336$0$0$295,275,946
98$415,700,927$0$0$325,196,788
99$457,837,266$0$0$358,163,341
100$504,263,160$0$0$394,486,072