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%19.7%
1 years$75,890$75,214$74,555$73,911$73,282$70,430
2 years$37,569$36,870$36,192$35,534$34,896$32,058
3 years$24,797$24,095$23,418$22,767$22,140$19,403
4 years$18,413$17,712$17,043$16,402$15,790$13,177
5 years$14,583$13,887$13,226$12,599$12,003$9,520
6 years$12,031$11,339$10,688$10,075$9,498$7,147
7 years$10,208$9,523$8,882$8,283$7,724$5,504
8 years$8,842$8,163$7,533$6,949$6,408$4,316
9 years$7,780$7,107$6,488$5,919$5,397$3,430
10 years$6,931$6,265$5,656$5,102$4,598$2,754
11 years$6,236$5,577$4,980$4,440$3,955$2,228
12 years$5,658$5,006$4,419$3,895$3,427$1,813
13 years$5,170$4,524$3,948$3,438$2,988$1,483
14 years$4,751$4,112$3,548$3,052$2,620$1,217
15 years$4,388$3,756$3,203$2,722$2,306$1,003
16 years$4,072$3,446$2,904$2,437$2,038$828
17 years$3,792$3,174$2,643$2,190$1,807$685
18 years$3,544$2,933$2,412$1,974$1,607$567
19 years$3,323$2,718$2,208$1,783$1,432$471
20 years$3,123$2,526$2,027$1,615$1,279$391
21 years$2,943$2,353$1,864$1,466$1,145$325
22 years$2,780$2,196$1,718$1,333$1,026$271
23 years$2,631$2,054$1,586$1,214$921$225
24 years$2,495$1,924$1,467$1,107$828$188
25 years$2,369$1,806$1,359$1,011$745$157
26 years$2,254$1,697$1,260$924$671$131
27 years$2,147$1,597$1,170$846$605$109
28 years$2,048$1,505$1,088$775$546$91
29 years$1,956$1,420$1,012$711$493$76
30 years$1,871$1,341$943$652$446$63
31 years$1,791$1,268$879$599$403$53
32 years$1,716$1,200$820$551$364$44
33 years$1,646$1,136$766$506$330$37
34 years$1,580$1,077$716$466$299$31
35 years$1,518$1,021$669$429$270$26
36 years$1,460$969$626$395$245$21
37 years$1,404$921$586$364$222$18
38 years$1,352$875$549$335$201$15
39 years$1,303$832$514$309$183$13
40 years$1,256$792$482$285$166$10
41 years$1,212$753$452$263$150$9
42 years$1,170$718$424$243$136$7
43 years$1,130$684$398$224$124$6
44 years$1,092$652$373$207$112$5
45 years$1,056$621$350$191$102$4
46 years$1,021$593$329$177$93$4
47 years$988$566$309$163$84$3
48 years$956$540$291$151$76$2
49 years$926$516$273$139$69$2
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 $6,091 every year, while hoping to spend $48,196 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: 58/24/18 Blend
29$919,000$919,000$919,000$919,000
30$1,019,021$970,314$956,069$1,072,978
31$1,071,681$966,579$936,818$1,106,544
32$1,128,097$961,046$915,305$1,137,332
33$1,188,601$953,576$891,406$1,169,805
34$1,253,558$944,020$864,988$1,204,135
35$1,323,368$932,224$835,912$1,240,512
36$1,398,469$918,021$804,033$1,279,149
37$1,479,345$901,236$769,200$1,320,281
38$1,566,524$881,683$731,254$1,364,170
39$1,660,589$859,164$690,031$1,411,109
40$1,762,178$833,472$645,356$1,461,420
41$1,871,993$804,386$597,048$1,515,465
42$1,990,807$771,672$544,920$1,573,642
43$2,119,468$735,082$488,774$1,636,396
44$2,258,909$694,356$428,403$1,704,217
45$2,410,156$649,217$363,592$1,777,653
46$2,574,336$599,373$294,116$1,857,308
47$2,752,690$544,514$219,741$1,943,856
48$2,946,583$484,314$140,221$2,038,040
49$3,157,516$418,428$55,301$2,140,685
50$3,387,142$346,489$0$2,252,706
51$3,637,277$268,114$0$2,381,901
52$3,909,923$182,895$0$2,534,383
53$4,207,280$90,403$0$2,700,818
54$4,531,772$0$0$2,882,640
55$4,886,066$0$0$3,084,026
56$5,273,097$0$0$3,330,174
57$5,696,098$0$0$3,599,274
58$6,158,627$0$0$3,893,598
59$6,664,602$0$0$4,215,651
60$7,218,338$0$0$4,568,187
61$7,824,583$0$0$4,954,243
62$8,488,570$0$0$5,377,158
63$9,216,059$0$0$5,840,616
64$10,013,394$0$0$6,348,668
65$10,887,561$0$0$6,905,779
66$11,846,257$0$0$7,516,866
67$12,897,957$0$0$8,187,344
68$14,051,997$0$0$8,923,180
69$15,318,661$0$0$9,730,945
70$16,709,275$0$0$10,617,875
71$18,236,317$0$0$11,591,946
72$19,913,532$0$0$12,661,939
73$21,756,062$0$0$13,837,532
74$23,780,587$0$0$15,129,383
75$26,005,485$0$0$16,549,237
76$28,450,999$0$0$18,110,031
77$31,139,434$0$0$19,826,017
78$34,095,362$0$0$21,712,901
79$37,345,856$0$0$23,787,982
80$40,920,741$0$0$26,070,323
81$44,852,882$0$0$28,580,926
82$49,178,485$0$0$31,342,931
83$53,937,444$0$0$34,381,832
84$59,173,714$0$0$37,725,722
85$64,935,724$0$0$41,405,553
86$71,276,838$0$0$45,455,428
87$78,255,852$0$0$49,912,925
88$85,937,552$0$0$54,819,450
89$94,393,323$0$0$60,220,626
90$103,701,821$0$0$66,166,724
91$113,949,719$0$0$72,713,138
92$125,232,517$0$0$79,920,904
93$137,655,448$0$0$87,857,279
94$151,334,468$0$0$96,596,374
95$166,397,351$0$0$106,219,853
96$182,984,891$0$0$116,817,703
97$201,252,232$0$0$128,489,081
98$221,370,333$0$0$141,343,253
99$243,527,578$0$0$155,500,621
100$267,931,551$0$0$171,093,862