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%
1 years$75,973$75,296$74,636$73,991$73,362$73,053
2 years$37,610$36,910$36,231$35,573$34,934$34,622
3 years$24,824$24,121$23,444$22,792$22,164$21,858
4 years$18,433$17,731$17,061$16,420$15,807$15,511
5 years$14,599$13,902$13,240$12,612$12,017$11,730
6 years$12,044$11,352$10,700$10,086$9,508$9,232
7 years$10,219$9,533$8,892$8,292$7,733$7,467
8 years$8,852$8,172$7,541$6,956$6,415$6,160
9 years$7,788$7,115$6,495$5,925$5,402$5,158
10 years$6,938$6,271$5,662$5,108$4,603$4,369
11 years$6,243$5,583$4,985$4,445$3,959$3,735
12 years$5,664$5,011$4,424$3,899$3,431$3,216
13 years$5,175$4,529$3,953$3,442$2,992$2,787
14 years$4,756$4,116$3,552$3,056$2,622$2,427
15 years$4,393$3,760$3,207$2,725$2,309$2,123
16 years$4,076$3,450$2,907$2,440$2,041$1,864
17 years$3,796$3,177$2,645$2,192$1,809$1,642
18 years$3,548$2,936$2,415$1,976$1,609$1,450
19 years$3,326$2,721$2,211$1,785$1,434$1,283
20 years$3,127$2,529$2,029$1,617$1,281$1,138
21 years$2,947$2,355$1,866$1,467$1,146$1,011
22 years$2,783$2,199$1,720$1,334$1,027$900
23 years$2,634$2,056$1,588$1,215$922$801
24 years$2,497$1,927$1,469$1,108$829$715
25 years$2,372$1,808$1,360$1,012$746$639
26 years$2,256$1,699$1,262$925$672$571
27 years$2,150$1,599$1,172$847$606$511
28 years$2,050$1,507$1,089$776$547$457
29 years$1,958$1,422$1,014$712$494$409
30 years$1,873$1,343$944$653$446$367
31 years$1,793$1,269$880$600$403$329
32 years$1,718$1,201$821$551$365$295
33 years$1,648$1,137$767$507$330$265
34 years$1,582$1,078$716$466$299$238
35 years$1,520$1,022$670$429$271$214
36 years$1,461$970$627$395$245$192
37 years$1,406$922$586$364$222$173
38 years$1,354$876$549$336$202$155
39 years$1,305$833$515$310$183$140
40 years$1,258$792$482$286$166$126
41 years$1,213$754$452$264$150$113
42 years$1,171$718$424$243$136$102
43 years$1,131$684$398$224$124$91
44 years$1,093$652$374$207$112$82
45 years$1,057$622$351$191$102$74
46 years$1,022$593$330$177$93$67
47 years$989$566$310$163$84$60
48 years$957$541$291$151$76$54
49 years$927$516$273$140$69$49
50 years$898$493$257$129$63$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $920,000, adding $4,815 every year, while hoping to spend $24,322 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: 35/47/18 Blend
29$920,000$920,000$920,000$920,000
30$1,018,807$970,047$955,787$1,048,699
31$1,096,847$991,701$961,927$1,092,615
32$1,182,031$1,013,600$967,458$1,137,350
33$1,275,064$1,035,732$972,333$1,185,106
34$1,376,719$1,058,081$976,505$1,236,165
35$1,487,848$1,080,631$979,921$1,290,838
36$1,609,389$1,103,363$982,529$1,349,469
37$1,742,375$1,126,256$984,273$1,412,435
38$1,887,945$1,149,290$985,093$1,480,154
39$2,047,349$1,172,439$984,928$1,553,084
40$2,221,968$1,195,678$983,712$1,631,734
41$2,413,321$1,218,978$981,378$1,716,661
42$2,623,079$1,242,308$977,855$1,808,484
43$2,853,087$1,265,635$973,067$1,907,883
44$3,105,373$1,288,922$966,935$2,015,606
45$3,382,172$1,312,130$959,378$2,132,483
46$3,685,946$1,335,216$950,310$2,259,426
47$4,019,407$1,358,137$939,640$2,397,441
48$4,385,542$1,380,841$927,273$2,547,639
49$4,787,642$1,403,276$913,111$2,711,246
50$5,229,331$1,425,387$897,050$2,889,611
51$5,714,603$1,447,111$878,982$3,084,225
52$6,247,857$1,468,384$858,793$3,296,731
53$6,833,939$1,489,136$836,363$3,528,943
54$7,478,190$1,509,292$811,570$3,782,860
55$8,186,490$1,528,772$784,282$4,060,687
56$8,965,320$1,547,491$754,364$4,364,857
57$9,821,822$1,565,356$721,674$4,698,051
58$10,763,861$1,582,272$686,063$5,063,229
59$11,800,104$1,598,133$647,376$5,463,653
60$12,940,102$1,612,828$605,450$5,902,921
61$14,194,375$1,626,240$560,116$6,385,003
62$15,574,518$1,638,242$511,196$6,914,275
63$17,093,303$1,648,700$458,505$7,495,563
64$18,764,805$1,657,472$401,851$8,134,189
65$20,604,532$1,664,405$341,029$8,836,022
66$22,629,571$1,669,337$275,830$9,607,534
67$24,858,750$1,672,098$206,034$10,455,861
68$27,312,816$1,672,504$131,409$11,388,873
69$30,014,628$1,670,362$51,717$12,415,248
70$32,989,377$1,665,466$0$13,544,551
71$36,264,817$1,657,598$0$14,793,735
72$39,871,534$1,646,525$0$16,179,045
73$43,843,229$1,632,003$0$17,703,415
74$48,217,037$1,613,771$0$19,381,040
75$53,033,881$1,591,551$0$21,227,567
76$58,338,852$1,565,053$0$23,260,242
77$64,181,639$1,533,964$0$25,498,078
78$70,616,995$1,497,957$0$27,962,031
79$77,705,255$1,456,684$0$30,675,200
80$85,512,906$1,409,777$0$33,663,046
81$94,113,212$1,356,845$0$36,953,635
82$103,586,905$1,297,476$0$40,577,901
83$114,022,950$1,231,233$0$44,569,944
84$125,519,383$1,157,655$0$48,967,346
85$138,184,234$1,076,254$0$53,811,534
86$152,136,548$986,513$0$59,148,169
87$167,507,511$887,887$0$65,027,579
88$184,441,682$779,799$0$71,505,237
89$203,098,364$661,639$0$78,642,284
90$223,653,102$532,764$0$86,506,110
91$246,299,342$392,493$0$95,170,990
92$271,250,257$240,108$0$104,718,793
93$298,740,760$74,850$0$115,239,747
94$329,029,718$0$0$126,833,303
95$362,402,398$0$0$139,662,901
96$399,173,159$0$0$153,841,738
97$439,688,416$0$0$169,464,714
98$484,329,918$0$0$186,679,063
99$533,518,341$0$0$205,647,038
100$587,717,266$0$0$226,547,437