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%14.6%
1 years$75,725$75,050$74,392$73,750$73,123$71,735
2 years$37,488$36,789$36,113$35,457$34,820$33,427
3 years$24,743$24,042$23,367$22,717$22,092$20,737
4 years$18,373$17,674$17,005$16,367$15,756$14,450
5 years$14,551$13,856$13,197$12,571$11,977$10,724
6 years$12,004$11,315$10,665$10,053$9,477$8,278
7 years$10,186$9,502$8,863$8,265$7,708$6,562
8 years$8,823$8,145$7,516$6,934$6,394$5,303
9 years$7,763$7,092$6,474$5,906$5,385$4,347
10 years$6,916$6,251$5,644$5,091$4,588$3,603
11 years$6,223$5,565$4,969$4,431$3,946$3,012
12 years$5,646$4,995$4,410$3,886$3,419$2,535
13 years$5,158$4,514$3,940$3,431$2,982$2,146
14 years$4,741$4,103$3,540$3,046$2,614$1,825
15 years$4,379$3,748$3,196$2,716$2,301$1,558
16 years$4,063$3,439$2,898$2,432$2,034$1,334
17 years$3,784$3,167$2,637$2,185$1,804$1,146
18 years$3,537$2,926$2,407$1,969$1,604$986
19 years$3,315$2,712$2,204$1,779$1,429$850
20 years$3,117$2,520$2,022$1,612$1,277$734
21 years$2,937$2,348$1,860$1,463$1,143$635
22 years$2,774$2,191$1,714$1,330$1,024$550
23 years$2,625$2,050$1,583$1,211$919$477
24 years$2,489$1,920$1,464$1,105$826$413
25 years$2,364$1,802$1,356$1,009$744$359
26 years$2,249$1,694$1,258$922$670$312
27 years$2,142$1,594$1,168$844$604$271
28 years$2,044$1,502$1,086$774$545$236
29 years$1,952$1,417$1,010$709$492$205
30 years$1,867$1,338$941$651$445$179
31 years$1,787$1,265$877$598$402$156
32 years$1,712$1,197$818$549$364$135
33 years$1,642$1,134$764$505$329$118
34 years$1,576$1,074$714$465$298$103
35 years$1,515$1,019$668$428$270$90
36 years$1,456$967$625$394$244$78
37 years$1,401$919$585$363$222$68
38 years$1,349$873$547$335$201$59
39 years$1,300$830$513$309$182$52
40 years$1,254$790$481$285$165$45
41 years$1,209$752$451$263$150$39
42 years$1,167$716$423$242$136$34
43 years$1,128$682$397$224$123$30
44 years$1,090$650$372$207$112$26
45 years$1,053$620$350$191$102$23
46 years$1,019$592$328$176$92$20
47 years$986$565$309$163$84$17
48 years$954$539$290$150$76$15
49 years$924$515$273$139$69$13
50 years$895$492$256$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $917,000, adding $4,838 every year, while hoping to spend $40,084 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: 59/35/6 Blend
29$917,000$917,000$917,000$917,000
30$1,015,524$966,923$952,710$1,073,961
31$1,076,459$971,654$941,977$1,118,430
32$1,142,265$975,272$929,540$1,161,880
33$1,213,398$977,682$915,302$1,208,241
34$1,290,357$978,781$899,157$1,257,794
35$1,373,691$978,459$880,996$1,310,849
36$1,464,004$976,600$860,707$1,367,749
37$1,561,961$973,082$838,168$1,428,874
38$1,668,291$967,773$813,257$1,494,642
39$1,783,798$960,535$785,842$1,565,517
40$1,909,364$951,220$755,787$1,642,010
41$2,045,962$939,673$722,948$1,724,689
42$2,194,661$925,728$687,178$1,814,177
43$2,356,638$909,210$648,320$1,911,167
44$2,533,188$889,933$606,211$2,016,422
45$2,725,734$867,702$560,681$2,130,786
46$2,935,847$842,307$511,552$2,255,192
47$3,165,252$813,529$458,637$2,390,669
48$3,415,850$781,133$401,743$2,538,355
49$3,689,732$744,875$340,667$2,699,509
50$3,989,203$704,492$275,198$2,875,519
51$4,316,798$659,708$205,113$3,067,918
52$4,675,309$610,232$130,182$3,278,402
53$5,067,812$555,754$50,165$3,508,840
54$5,497,692$495,950$0$3,761,301
55$5,968,678$430,473$0$4,040,319
56$6,484,877$358,960$0$4,349,735
57$7,050,812$281,026$0$4,689,131
58$7,671,462$196,263$0$5,061,597
59$8,352,315$104,244$0$5,470,543
60$9,099,413$4,515$0$5,919,731
61$9,919,414$0$0$6,413,314
62$10,819,647$0$0$6,995,697
63$11,808,191$0$0$7,637,199
64$12,893,942$0$0$8,341,865
65$14,086,701$0$0$9,116,065
66$15,397,265$0$0$9,966,819
67$16,837,529$0$0$10,901,858
68$18,420,597$0$0$11,929,702
69$20,160,905$0$0$13,059,735
70$22,074,359$0$0$14,302,297
71$24,178,482$0$0$15,668,780
72$26,492,580$0$0$17,171,736
73$29,037,926$0$0$18,824,992
74$31,837,954$0$0$20,643,786
75$34,918,487$0$0$22,644,904
76$38,307,976$0$0$24,846,842
77$42,037,768$0$0$27,269,981
78$46,142,405$0$0$29,936,776
79$50,659,943$0$0$32,871,970
80$55,632,316$0$0$36,102,825
81$61,105,732$0$0$39,659,382
82$67,131,101$0$0$43,574,741
83$73,764,525$0$0$47,885,375
84$81,067,818$0$0$52,631,473
85$89,109,096$0$0$57,857,319
86$97,963,414$0$0$63,611,711
87$107,713,475$0$0$69,948,418
88$118,450,413$0$0$76,926,692
89$130,274,649$0$0$84,611,820
90$143,296,839$0$0$93,075,748
91$157,638,919$0$0$102,397,753
92$173,435,254$0$0$112,665,192
93$190,833,906$0$0$123,974,331
94$209,998,030$0$0$136,431,247
95$231,107,416$0$0$150,152,831
96$254,360,181$0$0$165,267,893
97$279,974,642$0$0$181,918,375
98$308,191,374$0$0$200,260,691
99$339,275,482$0$0$220,467,202
100$373,519,099$0$0$242,727,844