Can I retire at age 30 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$75,808$75,132$74,474$73,830$73,203$71,783
2 years$37,529$36,830$36,152$35,495$34,858$33,434
3 years$24,770$24,069$23,393$22,742$22,116$20,731
4 years$18,393$17,693$17,024$16,385$15,773$14,439
5 years$14,567$13,871$13,211$12,585$11,990$10,710
6 years$12,017$11,327$10,677$10,064$9,488$8,263
7 years$10,197$9,512$8,872$8,274$7,716$6,547
8 years$8,832$8,154$7,525$6,941$6,401$5,287
9 years$7,771$7,099$6,481$5,912$5,391$4,332
10 years$6,923$6,258$5,650$5,096$4,593$3,588
11 years$6,230$5,571$4,974$4,435$3,950$2,997
12 years$5,652$5,000$4,415$3,890$3,423$2,521
13 years$5,164$4,519$3,944$3,435$2,985$2,133
14 years$4,746$4,107$3,544$3,049$2,617$1,813
15 years$4,384$3,752$3,200$2,719$2,304$1,546
16 years$4,067$3,443$2,901$2,435$2,036$1,323
17 years$3,788$3,170$2,640$2,188$1,805$1,135
18 years$3,540$2,930$2,410$1,971$1,605$976
19 years$3,319$2,715$2,206$1,781$1,431$841
20 years$3,120$2,523$2,025$1,613$1,278$726
21 years$2,940$2,350$1,862$1,464$1,144$627
22 years$2,777$2,194$1,716$1,331$1,025$543
23 years$2,628$2,052$1,585$1,212$920$470
24 years$2,492$1,922$1,466$1,106$827$408
25 years$2,367$1,804$1,357$1,010$744$354
26 years$2,251$1,696$1,259$923$670$307
27 years$2,145$1,596$1,169$845$604$267
28 years$2,046$1,504$1,087$774$545$232
29 years$1,954$1,418$1,011$710$493$201
30 years$1,869$1,340$942$652$445$175
31 years$1,789$1,266$878$599$402$152
32 years$1,714$1,198$819$550$364$133
33 years$1,644$1,135$765$506$329$115
34 years$1,578$1,076$715$465$298$101
35 years$1,516$1,020$668$428$270$88
36 years$1,458$968$625$395$245$76
37 years$1,403$920$585$364$222$66
38 years$1,351$874$548$335$201$58
39 years$1,302$831$513$309$182$50
40 years$1,255$791$481$285$165$44
41 years$1,211$753$451$263$150$38
42 years$1,169$717$423$243$136$33
43 years$1,129$683$397$224$124$29
44 years$1,091$651$373$207$112$25
45 years$1,054$621$350$191$102$22
46 years$1,020$592$329$176$92$19
47 years$987$565$309$163$84$17
48 years$955$539$290$151$76$15
49 years$925$515$273$139$69$13
50 years$896$492$257$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $918,000, adding $5,204 every year, while hoping to spend $49,562 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: 51/37/12 Blend
29$918,000$918,000$918,000$918,000
30$1,017,004$968,350$954,121$1,065,354
31$1,068,005$963,065$933,350$1,093,700
32$1,122,547$955,861$910,223$1,118,812
33$1,180,938$946,590$884,607$1,144,981
34$1,243,518$935,097$856,366$1,172,321
35$1,310,659$921,219$825,356$1,200,957
36$1,382,767$904,779$791,426$1,231,034
37$1,460,290$885,595$754,420$1,262,712
38$1,543,720$863,469$714,173$1,296,171
39$1,633,596$838,195$670,515$1,331,612
40$1,730,510$809,554$623,264$1,369,261
41$1,835,114$777,314$572,235$1,409,372
42$1,948,122$741,229$517,232$1,452,225
43$2,070,320$701,039$458,049$1,498,138
44$2,202,573$656,470$394,474$1,547,462
45$2,345,829$607,231$326,282$1,600,591
46$2,501,133$553,015$253,243$1,657,964
47$2,669,634$493,498$175,111$1,720,070
48$2,852,593$428,335$91,633$1,787,455
49$3,051,399$357,166$2,545$1,860,725
50$3,267,580$279,606$0$1,940,556
51$3,502,818$195,251$0$2,039,549
52$3,758,961$103,674$0$2,147,808
53$4,038,045$4,424$0$2,265,978
54$4,342,309$0$0$2,395,132
55$4,674,218$0$0$2,578,385
56$5,036,485$0$0$2,780,455
57$5,432,096$0$0$3,001,217
58$5,864,339$0$0$3,242,517
59$6,336,834$0$0$3,506,387
60$6,853,564$0$0$3,795,066
61$7,418,917$0$0$4,111,018
62$8,037,725$0$0$4,456,955
63$8,715,306$0$0$4,835,867
64$9,457,520$0$0$5,251,042
65$10,270,816$0$0$5,706,107
66$11,162,301$0$0$6,205,051
67$12,139,798$0$0$6,752,270
68$13,211,927$0$0$7,352,606
69$14,388,181$0$0$8,011,391
70$15,679,014$0$0$8,734,501
71$17,095,944$0$0$9,528,406
72$18,651,657$0$0$10,400,232
73$20,360,129$0$0$11,357,833
74$22,236,754$0$0$12,409,857
75$24,298,492$0$0$13,565,835
76$26,564,025$0$0$14,836,262
77$29,053,936$0$0$16,232,704
78$31,790,899$0$0$17,767,902
79$34,799,897$0$0$19,455,893
80$38,108,451$0$0$21,312,143
81$41,746,886$0$0$23,353,691
82$45,748,609$0$0$25,599,309
83$50,150,430$0$0$28,069,682
84$54,992,903$0$0$30,787,600
85$60,320,713$0$0$33,778,171
86$66,183,094$0$0$37,069,063
87$72,634,292$0$0$40,690,760
88$79,734,079$0$0$44,676,850
89$87,548,313$0$0$49,064,344
90$96,149,562$0$0$53,894,022
91$105,617,784$0$0$59,210,818
92$116,041,087$0$0$65,064,245
93$127,516,550$0$0$71,508,860
94$140,151,147$0$0$78,604,779
95$154,062,752$0$0$86,418,246
96$169,381,251$0$0$95,022,254
97$186,249,766$0$0$104,497,235
98$204,826,006$0$0$114,931,819
99$225,283,753$0$0$126,423,670
100$247,814,504$0$0$139,080,408