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%11.9%
1 years$75,973$75,296$74,636$73,991$73,362$72,778
2 years$37,610$36,910$36,231$35,573$34,934$34,345
3 years$24,824$24,121$23,444$22,792$22,164$21,588
4 years$18,433$17,731$17,061$16,420$15,807$15,250
5 years$14,599$13,902$13,240$12,612$12,017$11,479
6 years$12,044$11,352$10,700$10,086$9,508$8,991
7 years$10,219$9,533$8,892$8,292$7,733$7,236
8 years$8,852$8,172$7,541$6,956$6,415$5,939
9 years$7,788$7,115$6,495$5,925$5,402$4,946
10 years$6,938$6,271$5,662$5,108$4,603$4,167
11 years$6,243$5,583$4,985$4,445$3,959$3,543
12 years$5,664$5,011$4,424$3,899$3,431$3,034
13 years$5,175$4,529$3,953$3,442$2,992$2,614
14 years$4,756$4,116$3,552$3,056$2,622$2,263
15 years$4,393$3,760$3,207$2,725$2,309$1,968
16 years$4,076$3,450$2,907$2,440$2,041$1,717
17 years$3,796$3,177$2,645$2,192$1,809$1,503
18 years$3,548$2,936$2,415$1,976$1,609$1,319
19 years$3,326$2,721$2,211$1,785$1,434$1,160
20 years$3,127$2,529$2,029$1,617$1,281$1,022
21 years$2,947$2,355$1,866$1,467$1,146$902
22 years$2,783$2,199$1,720$1,334$1,027$797
23 years$2,634$2,056$1,588$1,215$922$705
24 years$2,497$1,927$1,469$1,108$829$625
25 years$2,372$1,808$1,360$1,012$746$554
26 years$2,256$1,699$1,262$925$672$492
27 years$2,150$1,599$1,172$847$606$437
28 years$2,050$1,507$1,089$776$547$388
29 years$1,958$1,422$1,014$712$494$346
30 years$1,873$1,343$944$653$446$307
31 years$1,793$1,269$880$600$403$274
32 years$1,718$1,201$821$551$365$244
33 years$1,648$1,137$767$507$330$217
34 years$1,582$1,078$716$466$299$194
35 years$1,520$1,022$670$429$271$173
36 years$1,461$970$627$395$245$154
37 years$1,406$922$586$364$222$137
38 years$1,354$876$549$336$202$122
39 years$1,305$833$515$310$183$109
40 years$1,258$792$482$286$166$98
41 years$1,213$754$452$264$150$87
42 years$1,171$718$424$243$136$78
43 years$1,131$684$398$224$124$69
44 years$1,093$652$374$207$112$62
45 years$1,057$622$351$191$102$55
46 years$1,022$593$330$177$93$49
47 years$989$566$310$163$84$44
48 years$957$541$291$151$76$39
49 years$927$516$273$140$69$35
50 years$898$493$257$129$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $920,000, adding $5,613 every year, while hoping to spend $20,681 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: 41/46/13 Blend
29$920,000$920,000$920,000$920,000
30$1,019,630$970,870$956,610$1,057,300
31$1,101,628$996,438$966,652$1,109,945
32$1,191,296$1,022,566$976,337$1,164,416
33$1,289,396$1,049,259$985,632$1,222,918
34$1,396,764$1,076,523$994,500$1,285,827
35$1,514,323$1,104,362$1,002,905$1,353,557
36$1,643,089$1,132,780$1,010,807$1,426,565
37$1,784,179$1,161,781$1,018,165$1,505,350
38$1,938,825$1,191,369$1,024,933$1,590,467
39$2,108,385$1,221,545$1,031,068$1,682,522
40$2,294,351$1,252,311$1,036,519$1,782,184
41$2,498,369$1,283,669$1,041,237$1,890,192
42$2,722,252$1,315,618$1,045,168$2,007,356
43$2,967,996$1,348,158$1,048,255$2,134,572
44$3,237,800$1,381,286$1,050,440$2,272,823
45$3,534,087$1,415,000$1,051,661$2,423,195
46$3,859,525$1,449,296$1,051,853$2,586,883
47$4,217,054$1,484,169$1,050,948$2,765,204
48$4,609,912$1,519,613$1,048,873$2,959,608
49$5,041,668$1,555,619$1,045,555$3,171,693
50$5,516,252$1,592,177$1,040,915$3,403,220
51$6,037,993$1,629,278$1,034,869$3,656,129
52$6,611,664$1,666,907$1,027,333$3,932,559
53$7,242,519$1,705,051$1,018,214$4,234,864
54$7,936,350$1,743,693$1,007,418$4,565,641
55$8,699,537$1,782,814$994,846$4,927,749
56$9,539,111$1,822,392$980,394$5,324,342
57$10,462,815$1,862,405$963,953$5,758,893
58$11,479,186$1,902,826$945,408$6,235,229
59$12,597,624$1,943,626$924,641$6,757,569
60$13,828,492$1,984,774$901,527$7,330,563
61$15,183,204$2,026,234$875,934$7,959,334
62$16,674,340$2,067,968$847,726$8,649,528
63$18,315,758$2,109,934$816,761$9,407,368
64$20,122,731$2,152,086$782,888$10,239,713
65$22,112,086$2,194,375$745,952$11,154,119
66$24,302,366$2,236,747$705,788$12,158,918
67$26,714,002$2,279,142$662,227$13,263,289
68$29,369,509$2,321,498$615,089$14,477,351
69$32,293,693$2,363,746$564,189$15,812,253
70$35,513,891$2,405,811$509,331$17,280,286
71$39,060,227$2,447,614$450,312$18,894,993
72$42,965,892$2,489,069$386,920$20,671,302
73$47,267,462$2,530,084$318,931$22,625,664
74$52,005,243$2,570,558$246,116$24,776,211
75$57,223,648$2,610,385$168,230$27,142,925
76$62,971,617$2,649,450$85,022$29,747,830
77$69,303,079$2,687,631$0$32,615,197
78$76,277,465$2,724,796$0$35,772,302
79$83,960,260$2,760,805$0$39,260,723
80$92,423,628$2,795,506$0$43,101,186
81$101,747,093$2,828,740$0$47,329,542
82$112,018,282$2,860,334$0$51,985,302
83$123,333,762$2,890,106$0$57,112,006
84$135,799,943$2,917,859$0$62,757,640
85$149,534,089$2,943,385$0$68,975,084
86$164,665,417$2,966,463$0$75,822,614
87$181,336,325$2,986,855$0$83,364,453
88$199,703,729$3,004,310$0$91,671,378
89$219,940,548$3,018,559$0$100,821,387
90$242,237,335$3,029,319$0$110,900,438
91$266,804,073$3,036,286$0$122,003,260
92$293,872,162$3,039,138$0$134,234,247
93$323,696,600$3,037,533$0$147,708,449
94$356,558,389$3,031,107$0$162,552,650
95$392,767,189$3,019,477$0$178,906,577
96$432,664,243$3,002,231$0$196,924,211
97$476,625,592$2,978,936$0$216,775,245
98$525,065,630$2,949,133$0$238,646,690
99$578,441,016$2,912,332$0$262,744,636
100$637,254,980$2,868,017$0$289,296,202