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%16.8%
1 years$75,890$75,214$74,555$73,911$73,282$71,251
2 years$37,569$36,870$36,192$35,534$34,896$32,865
3 years$24,797$24,095$23,418$22,767$22,140$20,172
4 years$18,413$17,712$17,043$16,402$15,790$13,901
5 years$14,583$13,887$13,226$12,599$12,003$10,198
6 years$12,031$11,339$10,688$10,075$9,498$7,778
7 years$10,208$9,523$8,882$8,283$7,724$6,090
8 years$8,842$8,163$7,533$6,949$6,408$4,859
9 years$7,780$7,107$6,488$5,919$5,397$3,930
10 years$6,931$6,265$5,656$5,102$4,598$3,213
11 years$6,236$5,577$4,980$4,440$3,955$2,649
12 years$5,658$5,006$4,419$3,895$3,427$2,198
13 years$5,170$4,524$3,948$3,438$2,988$1,833
14 years$4,751$4,112$3,548$3,052$2,620$1,536
15 years$4,388$3,756$3,203$2,722$2,306$1,291
16 years$4,072$3,446$2,904$2,437$2,038$1,088
17 years$3,792$3,174$2,643$2,190$1,807$920
18 years$3,544$2,933$2,412$1,974$1,607$779
19 years$3,323$2,718$2,208$1,783$1,432$661
20 years$3,123$2,526$2,027$1,615$1,279$561
21 years$2,943$2,353$1,864$1,466$1,145$477
22 years$2,780$2,196$1,718$1,333$1,026$406
23 years$2,631$2,054$1,586$1,214$921$346
24 years$2,495$1,924$1,467$1,107$828$295
25 years$2,369$1,806$1,359$1,011$745$252
26 years$2,254$1,697$1,260$924$671$215
27 years$2,147$1,597$1,170$846$605$184
28 years$2,048$1,505$1,088$775$546$157
29 years$1,956$1,420$1,012$711$493$134
30 years$1,871$1,341$943$652$446$115
31 years$1,791$1,268$879$599$403$98
32 years$1,716$1,200$820$551$364$84
33 years$1,646$1,136$766$506$330$72
34 years$1,580$1,077$716$466$299$61
35 years$1,518$1,021$669$429$270$52
36 years$1,460$969$626$395$245$45
37 years$1,404$921$586$364$222$38
38 years$1,352$875$549$335$201$33
39 years$1,303$832$514$309$183$28
40 years$1,256$792$482$285$166$24
41 years$1,212$753$452$263$150$21
42 years$1,170$718$424$243$136$18
43 years$1,130$684$398$224$124$15
44 years$1,092$652$373$207$112$13
45 years$1,056$621$350$191$102$11
46 years$1,021$593$329$177$93$9
47 years$988$566$309$163$84$8
48 years$956$540$291$151$76$7
49 years$926$516$273$139$69$6
50 years$897$493$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $919,000, adding $6,460 every year, while hoping to spend $32,737 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: 61/10/29 Blend
29$919,000$919,000$919,000$919,000
30$1,019,401$970,694$956,450$1,073,238
31$1,088,549$983,427$953,659$1,123,408
32$1,163,651$995,685$949,678$1,174,070
33$1,245,283$1,007,413$944,431$1,228,689
34$1,334,073$1,018,548$937,841$1,287,659
35$1,430,716$1,029,024$929,826$1,351,414
36$1,535,975$1,038,772$920,301$1,420,433
37$1,650,688$1,047,716$909,175$1,495,248
38$1,775,781$1,055,777$896,355$1,576,443
39$1,912,270$1,062,869$881,742$1,664,663
40$2,061,275$1,068,903$865,234$1,760,620
41$2,224,028$1,073,781$846,721$1,865,100
42$2,401,885$1,077,403$826,093$1,978,971
43$2,596,340$1,079,659$803,230$2,103,191
44$2,809,038$1,080,434$778,010$2,238,816
45$3,041,789$1,079,604$750,302$2,387,010
46$3,296,587$1,077,040$719,973$2,549,062
47$3,575,627$1,072,603$686,880$2,726,388
48$3,881,327$1,066,147$650,877$2,920,557
49$4,216,350$1,057,515$611,808$3,133,293
50$4,583,627$1,046,543$569,514$3,366,505
51$4,986,389$1,033,056$523,824$3,622,292
52$5,428,192$1,016,867$474,564$3,902,976
53$5,912,955$997,780$421,549$4,211,113
54$6,444,993$975,588$364,587$4,549,526
55$7,029,059$950,069$303,478$4,921,327
56$7,670,391$920,990$238,012$5,329,949
57$8,374,756$888,104$167,970$5,779,178
58$9,148,509$851,148$93,125$6,273,190
59$9,998,649$809,847$13,238$6,816,590
60$10,932,889$763,908$0$7,414,458
61$11,959,725$713,020$0$8,094,678
62$13,088,516$656,857$0$8,846,962
63$14,329,574$595,073$0$9,674,105
64$15,694,260$527,300$0$10,583,705
65$17,195,090$453,154$0$11,584,135
66$18,845,855$372,225$0$12,684,621
67$20,661,750$284,081$0$13,895,331
68$22,659,515$188,268$0$15,227,471
69$24,857,596$84,303$0$16,693,389
70$27,276,315$0$0$18,306,691
71$29,938,066$0$0$20,085,491
72$32,867,522$0$0$22,053,486
73$36,091,869$0$0$24,219,674
74$39,641,063$0$0$26,604,191
75$43,548,111$0$0$29,229,222
76$47,849,384$0$0$32,119,216
77$52,584,956$0$0$35,301,110
78$57,798,987$0$0$38,804,588
79$63,540,136$0$0$42,662,358
80$69,862,021$0$0$46,910,462
81$76,823,722$0$0$51,588,613
82$84,490,343$0$0$56,740,573
83$92,933,624$0$0$62,414,567
84$102,232,616$0$0$68,663,731
85$112,474,427$0$0$75,546,620
86$123,755,047$0$0$83,127,759
87$136,180,249$0$0$91,478,248
88$149,866,590$0$0$100,676,438
89$164,942,511$0$0$110,808,667
90$181,549,546$0$0$121,970,075
91$199,843,660$0$0$134,265,502
92$219,996,720$0$0$147,810,480
93$242,198,115$0$0$162,732,316
94$266,656,547$0$0$179,171,303
95$293,601,997$0$0$197,282,036
96$323,287,897$0$0$217,234,875
97$355,993,522$0$0$239,217,550
98$392,026,623$0$0$263,436,936
99$431,726,337$0$0$290,121,004
100$475,466,380$0$0$319,520,973