Can I retire at age 30 with 920,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$75,973$75,296$74,636$73,991$73,362$70,424
2 years$37,610$36,910$36,231$35,573$34,934$32,011
3 years$24,824$24,121$23,444$22,792$22,164$19,347
4 years$18,433$17,731$17,061$16,420$15,807$13,119
5 years$14,599$13,902$13,240$12,612$12,017$9,463
6 years$12,044$11,352$10,700$10,086$9,508$7,092
7 years$10,219$9,533$8,892$8,292$7,733$5,452
8 years$8,852$8,172$7,541$6,956$6,415$4,268
9 years$7,788$7,115$6,495$5,925$5,402$3,386
10 years$6,938$6,271$5,662$5,108$4,603$2,713
11 years$6,243$5,583$4,985$4,445$3,959$2,190
12 years$5,664$5,011$4,424$3,899$3,431$1,779
13 years$5,175$4,529$3,953$3,442$2,992$1,452
14 years$4,756$4,116$3,552$3,056$2,622$1,190
15 years$4,393$3,760$3,207$2,725$2,309$978
16 years$4,076$3,450$2,907$2,440$2,041$805
17 years$3,796$3,177$2,645$2,192$1,809$665
18 years$3,548$2,936$2,415$1,976$1,609$550
19 years$3,326$2,721$2,211$1,785$1,434$455
20 years$3,127$2,529$2,029$1,617$1,281$377
21 years$2,947$2,355$1,866$1,467$1,146$313
22 years$2,783$2,199$1,720$1,334$1,027$260
23 years$2,634$2,056$1,588$1,215$922$216
24 years$2,497$1,927$1,469$1,108$829$179
25 years$2,372$1,808$1,360$1,012$746$149
26 years$2,256$1,699$1,262$925$672$124
27 years$2,150$1,599$1,172$847$606$103
28 years$2,050$1,507$1,089$776$547$86
29 years$1,958$1,422$1,014$712$494$72
30 years$1,873$1,343$944$653$446$60
31 years$1,793$1,269$880$600$403$50
32 years$1,718$1,201$821$551$365$41
33 years$1,648$1,137$767$507$330$34
34 years$1,582$1,078$716$466$299$29
35 years$1,520$1,022$670$429$271$24
36 years$1,461$970$627$395$245$20
37 years$1,406$922$586$364$222$17
38 years$1,354$876$549$336$202$14
39 years$1,305$833$515$310$183$12
40 years$1,258$792$482$286$166$10
41 years$1,213$754$452$264$150$8
42 years$1,171$718$424$243$136$7
43 years$1,131$684$398$224$124$6
44 years$1,093$652$374$207$112$5
45 years$1,057$622$351$191$102$4
46 years$1,022$593$330$177$93$3
47 years$989$566$310$163$84$3
48 years$957$541$291$151$76$2
49 years$927$516$273$140$69$2
50 years$898$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 $920,000, adding $2,318 every year, while hoping to spend $52,673 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: 57/22/21 Blend
29$920,000$920,000$920,000$920,000
30$1,016,231$967,471$953,211$1,068,307
31$1,063,843$958,833$929,100$1,095,426
32$1,114,546$948,007$902,416$1,119,119
33$1,168,600$934,830$873,017$1,143,788
34$1,226,288$919,128$840,754$1,169,542
35$1,287,924$900,719$805,474$1,196,499
36$1,353,848$879,410$767,013$1,224,796
37$1,424,434$854,995$725,202$1,254,581
38$1,500,094$827,258$679,864$1,286,027
39$1,581,278$795,967$630,813$1,319,321
40$1,668,480$760,882$577,857$1,354,678
41$1,762,243$721,743$520,793$1,392,334
42$1,863,162$678,279$459,410$1,432,555
43$1,971,892$630,202$393,488$1,475,639
44$2,089,151$577,208$322,796$1,521,916
45$2,215,729$518,975$247,094$1,571,756
46$2,352,492$455,164$166,131$1,625,572
47$2,500,394$385,415$79,644$1,683,821
48$2,660,483$309,348$0$1,747,016
49$2,833,909$226,563$0$1,818,560
50$3,021,940$136,637$0$1,915,481
51$3,225,967$39,122$0$2,020,685
52$3,447,523$0$0$2,135,025
53$3,688,291$0$0$2,275,531
54$3,950,125$0$0$2,438,701
55$4,235,063$0$0$2,616,342
56$4,545,349$0$0$2,809,863
57$4,883,450$0$0$3,020,813
58$5,252,084$0$0$3,250,897
59$5,654,240$0$0$3,501,990
60$6,093,209$0$0$3,776,160
61$6,572,614$0$0$4,075,679
62$7,096,441$0$0$4,403,051
63$7,669,081$0$0$4,761,033
64$8,295,368$0$0$5,152,658
65$8,980,624$0$0$5,581,267
66$9,730,708$0$0$6,050,541
67$10,552,074$0$0$6,564,530
68$11,451,827$0$0$7,127,696
69$12,437,793$0$0$7,744,952
70$13,518,592$0$0$8,421,712
71$14,703,714$0$0$9,163,934
72$16,003,615$0$0$9,978,184
73$17,429,809$0$0$10,871,692
74$18,994,981$0$0$11,852,424
75$20,713,101$0$0$12,929,153
76$22,599,560$0$0$14,111,544
77$24,671,309$0$0$15,410,242
78$26,947,025$0$0$16,836,976
79$29,447,280$0$0$18,404,666
80$32,194,738$0$0$20,127,545
81$35,214,368$0$0$22,021,295
82$38,533,676$0$0$24,103,190
83$42,182,969$0$0$26,392,264
84$46,195,633$0$0$28,909,486
85$50,608,454$0$0$31,677,958
86$55,461,960$0$0$34,723,136
87$60,800,804$0$0$38,073,063
88$66,674,185$0$0$41,758,640
89$73,136,309$0$0$45,813,913
90$80,246,902$0$0$50,276,395
91$88,071,773$0$0$55,187,417
92$96,683,430$0$0$60,592,523
93$106,161,769$0$0$66,541,893
94$116,594,823$0$0$73,090,821
95$128,079,591$0$0$80,300,231
96$140,722,957$0$0$88,237,257
97$154,642,693$0$0$96,975,871
98$169,968,570$0$0$106,597,584
99$186,843,585$0$0$117,192,212
100$205,425,305$0$0$128,858,725