Can I retire at age 30 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$76,055$75,378$74,717$74,072$73,442$72,225
2 years$37,651$36,950$36,270$35,611$34,972$33,750
3 years$24,851$24,147$23,469$22,817$22,188$20,998
4 years$18,453$17,751$17,080$16,438$15,825$14,676
5 years$14,615$13,917$13,255$12,626$12,030$10,926
6 years$12,057$11,364$10,712$10,097$9,519$8,462
7 years$10,230$9,544$8,901$8,301$7,741$6,731
8 years$8,861$8,181$7,549$6,964$6,422$5,458
9 years$7,797$7,123$6,502$5,932$5,408$4,490
10 years$6,946$6,278$5,669$5,113$4,608$3,735
11 years$6,250$5,589$4,991$4,450$3,963$3,134
12 years$5,671$5,017$4,429$3,903$3,434$2,648
13 years$5,181$4,534$3,957$3,446$2,995$2,251
14 years$4,761$4,121$3,555$3,059$2,625$1,922
15 years$4,398$3,764$3,210$2,728$2,311$1,647
16 years$4,080$3,454$2,910$2,443$2,043$1,417
17 years$3,800$3,181$2,648$2,195$1,811$1,222
18 years$3,552$2,939$2,418$1,978$1,611$1,056
19 years$3,330$2,724$2,213$1,787$1,436$915
20 years$3,130$2,531$2,031$1,619$1,282$793
21 years$2,950$2,358$1,868$1,469$1,147$689
22 years$2,786$2,201$1,722$1,336$1,029$600
23 years$2,637$2,058$1,590$1,216$923$522
24 years$2,500$1,929$1,470$1,109$830$455
25 years$2,374$1,810$1,362$1,013$747$397
26 years$2,259$1,701$1,263$926$673$347
27 years$2,152$1,601$1,173$848$606$303
28 years$2,053$1,509$1,090$777$547$265
29 years$1,961$1,423$1,015$712$494$231
30 years$1,875$1,344$945$654$446$202
31 years$1,795$1,271$881$601$404$177
32 years$1,720$1,202$822$552$365$155
33 years$1,649$1,138$768$508$330$136
34 years$1,583$1,079$717$467$299$119
35 years$1,521$1,023$670$430$271$104
36 years$1,463$971$627$396$246$91
37 years$1,408$923$587$365$223$80
38 years$1,355$877$550$336$202$70
39 years$1,306$834$515$310$183$61
40 years$1,259$793$483$286$166$54
41 years$1,215$755$453$264$151$47
42 years$1,173$719$425$243$137$41
43 years$1,132$685$398$225$124$36
44 years$1,094$653$374$208$113$32
45 years$1,058$623$351$192$102$28
46 years$1,023$594$330$177$93$24
47 years$990$567$310$164$84$21
48 years$958$541$291$151$76$19
49 years$928$517$274$140$69$16
50 years$899$494$257$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $921,000, adding $2,794 every year, while hoping to spend $50,456 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: 34/49/17 Blend
29$921,000$921,000$921,000$921,000
30$1,017,824$969,011$954,736$1,046,996
31$1,067,957$962,808$933,034$1,062,421
32$1,121,513$954,609$908,915$1,074,145
33$1,178,787$944,265$882,244$1,085,713
34$1,240,104$931,615$852,879$1,097,142
35$1,305,819$916,488$820,675$1,108,450
36$1,376,323$898,706$785,478$1,119,666
37$1,452,043$878,078$747,127$1,130,822
38$1,533,450$854,403$705,454$1,141,964
39$1,621,059$827,466$660,284$1,153,143
40$1,715,437$797,042$611,434$1,164,423
41$1,817,206$762,891$558,711$1,175,881
42$1,927,050$724,761$501,917$1,187,608
43$2,045,719$682,385$440,841$1,199,711
44$2,174,039$635,478$375,265$1,212,316
45$2,312,916$583,742$304,962$1,225,569
46$2,463,349$526,860$229,694$1,239,639
47$2,626,433$464,499$149,211$1,254,722
48$2,803,373$396,304$63,254$1,271,042
49$2,995,497$321,902$0$1,288,856
50$3,204,262$240,900$0$1,313,626
51$3,431,273$152,879$0$1,353,099
52$3,678,294$57,402$0$1,396,227
53$3,947,267$0$0$1,443,496
54$4,240,331$0$0$1,520,258
55$4,559,836$0$0$1,637,812
56$4,908,370$0$0$1,766,175
57$5,288,783$0$0$1,906,412
58$5,704,211$0$0$2,059,696
59$6,158,105$0$0$2,227,318
60$6,654,267$0$0$2,410,700
61$7,196,880$0$0$2,611,407
62$7,790,552$0$0$2,831,163
63$8,440,356$0$0$3,071,866
64$9,151,877$0$0$3,335,606
65$9,931,268$0$0$3,624,685
66$10,785,302$0$0$3,941,639
67$11,721,440$0$0$4,289,260
68$12,747,900$0$0$4,670,625
69$13,873,732$0$0$5,089,120
70$15,108,903$0$0$5,548,477
71$16,464,392$0$0$6,052,808
72$17,952,295$0$0$6,606,639
73$19,585,933$0$0$7,214,959
74$21,379,981$0$0$7,883,263
75$23,350,604$0$0$8,617,603
76$25,515,612$0$0$9,424,649
77$27,894,623$0$0$10,311,747
78$30,509,250$0$0$11,286,992
79$33,383,305$0$0$12,359,300
80$36,543,019$0$0$13,538,496
81$40,017,295$0$0$14,835,404
82$43,837,974$0$0$16,261,950
83$48,040,138$0$0$17,831,274
84$52,662,440$0$0$19,557,854
85$57,747,465$0$0$21,457,639
86$63,342,138$0$0$23,548,207
87$69,498,156$0$0$25,848,922
88$76,272,485$0$0$28,381,122
89$83,727,889$0$0$31,168,318
90$91,933,526$0$0$34,236,417
91$100,965,598$0$0$37,613,962
92$110,908,069$0$0$41,332,409
93$121,853,457$0$0$45,426,414
94$133,903,707$0$0$49,934,168
95$147,171,150$0$0$54,897,752
96$161,779,565$0$0$60,363,536
97$177,865,341$0$0$66,382,616
98$195,578,771$0$0$73,011,295
99$215,085,463$0$0$80,311,615
100$236,567,904$0$0$88,351,943