Can I retire at age 30 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$75,973$75,296$74,636$73,991$73,362$72,475
2 years$37,610$36,910$36,231$35,573$34,934$34,042
3 years$24,824$24,121$23,444$22,792$22,164$21,293
4 years$18,433$17,731$17,061$16,420$15,807$14,966
5 years$14,599$13,902$13,240$12,612$12,017$11,206
6 years$12,044$11,352$10,700$10,086$9,508$8,730
7 years$10,219$9,533$8,892$8,292$7,733$6,987
8 years$8,852$8,172$7,541$6,956$6,415$5,702
9 years$7,788$7,115$6,495$5,925$5,402$4,721
10 years$6,938$6,271$5,662$5,108$4,603$3,954
11 years$6,243$5,583$4,985$4,445$3,959$3,341
12 years$5,664$5,011$4,424$3,899$3,431$2,843
13 years$5,175$4,529$3,953$3,442$2,992$2,433
14 years$4,756$4,116$3,552$3,056$2,622$2,093
15 years$4,393$3,760$3,207$2,725$2,309$1,808
16 years$4,076$3,450$2,907$2,440$2,041$1,567
17 years$3,796$3,177$2,645$2,192$1,809$1,362
18 years$3,548$2,936$2,415$1,976$1,609$1,186
19 years$3,326$2,721$2,211$1,785$1,434$1,036
20 years$3,127$2,529$2,029$1,617$1,281$906
21 years$2,947$2,355$1,866$1,467$1,146$794
22 years$2,783$2,199$1,720$1,334$1,027$696
23 years$2,634$2,056$1,588$1,215$922$611
24 years$2,497$1,927$1,469$1,108$829$538
25 years$2,372$1,808$1,360$1,012$746$473
26 years$2,256$1,699$1,262$925$672$417
27 years$2,150$1,599$1,172$847$606$367
28 years$2,050$1,507$1,089$776$547$324
29 years$1,958$1,422$1,014$712$494$286
30 years$1,873$1,343$944$653$446$252
31 years$1,793$1,269$880$600$403$223
32 years$1,718$1,201$821$551$365$197
33 years$1,648$1,137$767$507$330$174
34 years$1,582$1,078$716$466$299$154
35 years$1,520$1,022$670$429$271$136
36 years$1,461$970$627$395$245$120
37 years$1,406$922$586$364$222$106
38 years$1,354$876$549$336$202$94
39 years$1,305$833$515$310$183$83
40 years$1,258$792$482$286$166$74
41 years$1,213$754$452$264$150$65
42 years$1,171$718$424$243$136$58
43 years$1,131$684$398$224$124$51
44 years$1,093$652$374$207$112$45
45 years$1,057$622$351$191$102$40
46 years$1,022$593$330$177$93$35
47 years$989$566$310$163$84$31
48 years$957$541$291$151$76$28
49 years$927$516$273$140$69$25
50 years$898$493$257$129$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $920,000, adding $2,861 every year, while hoping to spend $22,051 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: 76/6/18 Blend
29$920,000$920,000$920,000$920,000
30$1,016,791$968,031$953,771$1,089,686
31$1,097,042$992,003$962,260$1,162,270
32$1,184,739$1,016,410$970,295$1,238,812
33$1,280,619$1,041,250$977,836$1,322,146
34$1,385,492$1,066,522$984,844$1,412,942
35$1,500,251$1,092,220$991,275$1,511,939
36$1,625,879$1,118,341$997,085$1,619,952
37$1,763,458$1,144,879$1,002,227$1,737,879
38$1,914,180$1,171,828$1,006,651$1,866,707
39$2,079,357$1,199,178$1,010,305$2,007,527
40$2,260,436$1,226,921$1,013,133$2,161,538
41$2,459,007$1,255,047$1,015,080$2,330,062
42$2,676,824$1,283,544$1,016,084$2,514,556
43$2,915,820$1,312,397$1,016,082$2,716,626
44$3,178,120$1,341,591$1,015,008$2,938,038
45$3,466,070$1,371,110$1,012,792$3,180,743
46$3,782,249$1,400,935$1,009,361$3,446,887
47$4,129,502$1,431,044$1,004,638$3,738,836
48$4,510,960$1,461,414$998,542$4,059,198
49$4,930,075$1,492,021$990,991$4,410,845
50$5,390,649$1,522,835$981,895$4,796,943
51$5,896,868$1,553,828$971,162$5,220,982
52$6,453,348$1,584,965$958,695$5,686,804
53$7,065,171$1,616,209$944,393$6,198,646
54$7,737,938$1,647,523$928,149$6,761,178
55$8,477,819$1,678,863$909,853$7,379,542
56$9,291,612$1,710,183$889,389$8,059,409
57$10,186,807$1,741,432$866,634$8,807,025
58$11,171,657$1,772,558$841,462$9,629,276
59$12,255,254$1,803,501$813,739$10,533,748
60$13,447,617$1,834,200$783,326$11,528,803
61$14,759,783$1,864,585$750,077$12,623,653
62$16,203,918$1,894,586$713,841$13,828,453
63$17,793,420$1,924,124$674,458$15,154,394
64$19,543,058$1,953,116$631,761$16,613,805
65$21,469,103$1,981,471$585,578$18,220,277
66$23,589,483$2,009,094$535,726$19,988,785
67$25,923,953$2,035,883$482,016$21,935,834
68$28,494,282$2,061,727$424,249$24,079,612
69$31,324,456$2,086,509$362,219$26,440,161
70$34,440,906$2,110,103$295,709$29,039,570
71$37,872,757$2,132,377$224,494$31,902,182
72$41,652,101$2,153,186$148,337$35,054,822
73$45,814,303$2,172,380$66,994$38,527,053
74$50,398,330$2,189,795$0$42,351,454
75$55,447,124$2,205,259$0$46,567,733
76$61,008,002$2,218,588$0$51,225,630
77$67,133,105$2,229,586$0$56,355,922
78$73,879,891$2,238,045$0$62,006,717
79$81,311,675$2,243,743$0$68,231,026
80$89,498,225$2,246,446$0$75,087,270
81$98,516,425$2,245,903$0$82,639,823
82$108,450,998$2,241,850$0$90,959,624
83$119,395,302$2,234,003$0$100,124,846
84$131,452,218$2,222,064$0$110,221,634
85$144,735,115$2,205,716$0$121,344,916
86$159,368,923$2,184,622$0$133,599,302
87$175,491,310$2,158,426$0$147,100,070
88$193,253,984$2,126,749$0$161,974,253
89$212,824,121$2,089,190$0$178,361,840
90$234,385,946$2,045,326$0$196,417,094
91$258,142,471$1,994,705$0$216,310,014
92$284,317,410$1,936,853$0$238,227,935
93$313,157,292$1,871,264$0$262,377,297
94$344,933,786$1,797,407$0$288,985,594
95$379,946,268$1,714,715$0$318,303,524
96$418,524,643$1,622,592$0$350,607,352
97$461,032,465$1,520,407$0$386,201,519
98$507,870,361$1,407,492$0$425,421,517
99$559,479,819$1,283,140$0$468,637,056
100$616,347,352$1,146,605$0$516,255,552