Can I retire at age 30 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$75,890$75,214$74,555$73,911$73,282$70,626
2 years$37,569$36,870$36,192$35,534$34,896$32,249
3 years$24,797$24,095$23,418$22,767$22,140$19,585
4 years$18,413$17,712$17,043$16,402$15,790$13,348
5 years$14,583$13,887$13,226$12,599$12,003$9,679
6 years$12,031$11,339$10,688$10,075$9,498$7,294
7 years$10,208$9,523$8,882$8,283$7,724$5,640
8 years$8,842$8,163$7,533$6,949$6,408$4,441
9 years$7,780$7,107$6,488$5,919$5,397$3,545
10 years$6,931$6,265$5,656$5,102$4,598$2,858
11 years$6,236$5,577$4,980$4,440$3,955$2,323
12 years$5,658$5,006$4,419$3,895$3,427$1,900
13 years$5,170$4,524$3,948$3,438$2,988$1,561
14 years$4,751$4,112$3,548$3,052$2,620$1,288
15 years$4,388$3,756$3,203$2,722$2,306$1,066
16 years$4,072$3,446$2,904$2,437$2,038$884
17 years$3,792$3,174$2,643$2,190$1,807$736
18 years$3,544$2,933$2,412$1,974$1,607$613
19 years$3,323$2,718$2,208$1,783$1,432$511
20 years$3,123$2,526$2,027$1,615$1,279$427
21 years$2,943$2,353$1,864$1,466$1,145$357
22 years$2,780$2,196$1,718$1,333$1,026$299
23 years$2,631$2,054$1,586$1,214$921$250
24 years$2,495$1,924$1,467$1,107$828$210
25 years$2,369$1,806$1,359$1,011$745$176
26 years$2,254$1,697$1,260$924$671$147
27 years$2,147$1,597$1,170$846$605$124
28 years$2,048$1,505$1,088$775$546$104
29 years$1,956$1,420$1,012$711$493$87
30 years$1,871$1,341$943$652$446$73
31 years$1,791$1,268$879$599$403$61
32 years$1,716$1,200$820$551$364$52
33 years$1,646$1,136$766$506$330$43
34 years$1,580$1,077$716$466$299$36
35 years$1,518$1,021$669$429$270$31
36 years$1,460$969$626$395$245$26
37 years$1,404$921$586$364$222$22
38 years$1,352$875$549$335$201$18
39 years$1,303$832$514$309$183$15
40 years$1,256$792$482$285$166$13
41 years$1,212$753$452$263$150$11
42 years$1,170$718$424$243$136$9
43 years$1,130$684$398$224$124$8
44 years$1,092$652$373$207$112$6
45 years$1,056$621$350$191$102$5
46 years$1,021$593$329$177$93$4
47 years$988$566$309$163$84$4
48 years$956$540$291$151$76$3
49 years$926$516$273$139$69$3
50 years$897$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $919,000, adding $2,707 every year, while hoping to spend $52,417 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: 66/22/12 Blend
29$919,000$919,000$919,000$919,000
30$1,015,530$966,823$952,579$1,079,648
31$1,063,343$958,426$928,719$1,114,336
32$1,114,276$947,861$902,303$1,145,810
33$1,168,592$934,966$873,190$1,178,878
34$1,226,579$919,570$841,232$1,213,690
35$1,288,552$901,491$806,276$1,250,415
36$1,354,858$880,538$768,160$1,289,242
37$1,425,876$856,507$726,715$1,330,377
38$1,502,022$829,182$681,766$1,374,052
39$1,583,751$798,335$633,129$1,420,524
40$1,671,565$763,725$580,611$1,470,077
41$1,766,014$725,097$524,010$1,523,029
42$1,867,702$682,180$463,118$1,579,728
43$1,977,290$634,690$397,716$1,640,566
44$2,095,507$582,323$327,573$1,705,973
45$2,223,154$524,762$252,451$1,776,428
46$2,361,108$461,668$172,101$1,852,462
47$2,510,336$392,685$86,261$1,934,662
48$2,671,900$317,436$0$2,023,682
49$2,846,967$235,524$0$2,120,926
50$3,036,821$146,527$0$2,238,343
51$3,242,872$50,003$0$2,365,800
52$3,466,675$0$0$2,504,318
53$3,709,935$0$0$2,668,223
54$3,974,533$0$0$2,859,722
55$4,262,534$0$0$3,068,213
56$4,576,213$0$0$3,295,350
57$4,918,073$0$0$3,542,952
58$5,290,868$0$0$3,813,020
59$5,697,629$0$0$4,107,759
60$6,141,693$0$0$4,429,594
61$6,626,734$0$0$4,781,196
62$7,156,794$0$0$5,165,504
63$7,736,325$0$0$5,585,756
64$8,370,229$0$0$6,045,514
65$9,063,902$0$0$6,548,704
66$9,823,287$0$0$7,099,645
67$10,654,928$0$0$7,703,095
68$11,566,030$0$0$8,364,295
69$12,564,530$0$0$9,089,015
70$13,659,169$0$0$9,883,611
71$14,859,572$0$0$10,755,082
72$16,176,341$0$0$11,711,139
73$17,621,156$0$0$12,760,273
74$19,206,879$0$0$13,911,839
75$20,947,679$0$0$15,176,139
76$22,859,164$0$0$16,564,526
77$24,958,528$0$0$18,089,501
78$27,264,710$0$0$19,764,838
79$29,798,576$0$0$21,605,711
80$32,583,111$0$0$23,628,837
81$35,643,639$0$0$25,852,630
82$39,008,058$0$0$28,297,381
83$42,707,103$0$0$30,985,441
84$46,774,639$0$0$33,941,438
85$51,247,972$0$0$37,192,504
86$56,168,209$0$0$40,768,533
87$61,580,637$0$0$44,702,463
88$67,535,156$0$0$49,030,584
89$74,086,745$0$0$53,792,879
90$81,295,981$0$0$59,033,406
91$89,229,609$0$0$64,800,706
92$97,961,172$0$0$71,148,267
93$107,571,704$0$0$78,135,022
94$118,150,493$0$0$85,825,910
95$129,795,922$0$0$94,292,483
96$142,616,399$0$0$103,613,586
97$156,731,374$0$0$113,876,094
98$172,272,473$0$0$125,175,736
99$189,384,730$0$0$137,617,996
100$208,227,963$0$0$151,319,109