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%18.1%
1 years$75,890$75,214$74,555$73,911$73,282$70,880
2 years$37,569$36,870$36,192$35,534$34,896$32,499
3 years$24,797$24,095$23,418$22,767$22,140$19,822
4 years$18,413$17,712$17,043$16,402$15,790$13,571
5 years$14,583$13,887$13,226$12,599$12,003$9,888
6 years$12,031$11,339$10,688$10,075$9,498$7,488
7 years$10,208$9,523$8,882$8,283$7,724$5,820
8 years$8,842$8,163$7,533$6,949$6,408$4,608
9 years$7,780$7,107$6,488$5,919$5,397$3,698
10 years$6,931$6,265$5,656$5,102$4,598$2,999
11 years$6,236$5,577$4,980$4,440$3,955$2,451
12 years$5,658$5,006$4,419$3,895$3,427$2,017
13 years$5,170$4,524$3,948$3,438$2,988$1,667
14 years$4,751$4,112$3,548$3,052$2,620$1,384
15 years$4,388$3,756$3,203$2,722$2,306$1,153
16 years$4,072$3,446$2,904$2,437$2,038$963
17 years$3,792$3,174$2,643$2,190$1,807$806
18 years$3,544$2,933$2,412$1,974$1,607$676
19 years$3,323$2,718$2,208$1,783$1,432$568
20 years$3,123$2,526$2,027$1,615$1,279$478
21 years$2,943$2,353$1,864$1,466$1,145$402
22 years$2,780$2,196$1,718$1,333$1,026$339
23 years$2,631$2,054$1,586$1,214$921$286
24 years$2,495$1,924$1,467$1,107$828$241
25 years$2,369$1,806$1,359$1,011$745$204
26 years$2,254$1,697$1,260$924$671$172
27 years$2,147$1,597$1,170$846$605$145
28 years$2,048$1,505$1,088$775$546$123
29 years$1,956$1,420$1,012$711$493$104
30 years$1,871$1,341$943$652$446$88
31 years$1,791$1,268$879$599$403$74
32 years$1,716$1,200$820$551$364$63
33 years$1,646$1,136$766$506$330$53
34 years$1,580$1,077$716$466$299$45
35 years$1,518$1,021$669$429$270$38
36 years$1,460$969$626$395$245$32
37 years$1,404$921$586$364$222$27
38 years$1,352$875$549$335$201$23
39 years$1,303$832$514$309$183$20
40 years$1,256$792$482$285$166$17
41 years$1,212$753$452$263$150$14
42 years$1,170$718$424$243$136$12
43 years$1,130$684$398$224$124$10
44 years$1,092$652$373$207$112$9
45 years$1,056$621$350$191$102$7
46 years$1,021$593$329$177$93$6
47 years$988$566$309$163$84$5
48 years$956$540$291$151$76$4
49 years$926$516$273$139$69$4
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $919,000, adding $4,785 every year, while hoping to spend $44,053 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: 47/39/14 Blend
29$919,000$919,000$919,000$919,000
30$1,017,674$968,967$954,722$1,061,293
31$1,074,604$969,574$939,833$1,092,590
32$1,135,866$968,735$922,969$1,121,642
33$1,201,852$966,331$904,017$1,152,203
34$1,272,999$962,239$882,859$1,184,430
35$1,349,782$956,326$859,372$1,218,498
36$1,432,725$948,451$833,427$1,254,602
37$1,522,405$938,467$804,888$1,292,960
38$1,619,453$926,215$773,615$1,333,816
39$1,724,566$911,528$739,460$1,377,439
40$1,838,508$894,229$702,268$1,424,131
41$1,962,120$874,131$661,878$1,474,229
42$2,096,327$851,035$618,122$1,528,104
43$2,242,147$824,730$570,824$1,586,174
44$2,400,698$794,994$519,799$1,648,900
45$2,573,212$761,591$464,855$1,716,795
46$2,761,043$724,272$405,791$1,790,430
47$2,965,682$682,774$342,397$1,870,439
48$3,188,769$636,817$274,454$1,957,527
49$3,432,109$586,106$201,734$2,052,474
50$3,697,689$530,331$123,997$2,156,148
51$3,987,697$469,161$40,995$2,269,510
52$4,304,540$402,248$0$2,393,629
53$4,650,870$329,225$0$2,536,796
54$5,029,604$249,702$0$2,700,211
55$5,443,956$163,269$0$2,879,240
56$5,897,463$69,494$0$3,075,538
57$6,394,023$0$0$3,290,936
58$6,937,925$0$0$3,541,227
59$7,533,893$0$0$3,848,259
60$8,187,132$0$0$4,184,901
61$8,903,371$0$0$4,554,120
62$9,688,924$0$0$4,959,185
63$10,550,741$0$0$5,403,693
64$11,496,480$0$0$5,891,609
65$12,534,576$0$0$6,427,300
66$13,674,320$0$0$7,015,575
67$14,925,945$0$0$7,661,735
68$16,300,727$0$0$8,371,616
69$17,811,086$0$0$9,151,649
70$19,470,703$0$0$10,008,918
71$21,294,652$0$0$10,951,228
72$23,299,539$0$0$11,987,178
73$25,503,658$0$0$13,126,241
74$27,927,166$0$0$14,378,855
75$30,592,269$0$0$15,756,517
76$33,523,433$0$0$17,271,899
77$36,747,615$0$0$18,938,958
78$40,294,514$0$0$20,773,074
79$44,196,854$0$0$22,791,195
80$48,490,691$0$0$25,011,990
81$53,215,750$0$0$27,456,034
82$58,415,803$0$0$30,145,994
83$64,139,082$0$0$33,106,848
84$70,438,729$0$0$36,366,116
85$77,373,299$0$0$39,954,125
86$85,007,315$0$0$43,904,288
87$93,411,871$0$0$48,253,425
88$102,665,308$0$0$53,042,108
89$112,853,946$0$0$58,315,042
90$124,072,903$0$0$64,121,488
91$136,426,991$0$0$70,515,728
92$150,031,704$0$0$77,557,577
93$165,014,307$0$0$85,312,946
94$181,515,034$0$0$93,854,464
95$199,688,418$0$0$103,262,165
96$219,704,741$0$0$113,624,239
97$241,751,644$0$0$125,037,868
98$266,035,898$0$0$137,610,143
99$292,785,351$0$0$151,459,069
100$322,251,082$0$0$166,714,685