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%18.7%
1 years$76,055$75,378$74,717$74,072$73,442$70,864
2 years$37,651$36,950$36,270$35,611$34,972$32,402
3 years$24,851$24,147$23,469$22,817$22,188$19,707
4 years$18,453$17,751$17,080$16,438$15,825$13,451
5 years$14,615$13,917$13,255$12,626$12,030$9,770
6 years$12,057$11,364$10,712$10,097$9,519$7,374
7 years$10,230$9,544$8,901$8,301$7,741$5,712
8 years$8,861$8,181$7,549$6,964$6,422$4,506
9 years$7,797$7,123$6,502$5,932$5,408$3,603
10 years$6,946$6,278$5,669$5,113$4,608$2,911
11 years$6,250$5,589$4,991$4,450$3,963$2,370
12 years$5,671$5,017$4,429$3,903$3,434$1,942
13 years$5,181$4,534$3,957$3,446$2,995$1,599
14 years$4,761$4,121$3,555$3,059$2,625$1,322
15 years$4,398$3,764$3,210$2,728$2,311$1,097
16 years$4,080$3,454$2,910$2,443$2,043$912
17 years$3,800$3,181$2,648$2,195$1,811$760
18 years$3,552$2,939$2,418$1,978$1,611$635
19 years$3,330$2,724$2,213$1,787$1,436$531
20 years$3,130$2,531$2,031$1,619$1,282$444
21 years$2,950$2,358$1,868$1,469$1,147$372
22 years$2,786$2,201$1,722$1,336$1,029$312
23 years$2,637$2,058$1,590$1,216$923$262
24 years$2,500$1,929$1,470$1,109$830$220
25 years$2,374$1,810$1,362$1,013$747$185
26 years$2,259$1,701$1,263$926$673$155
27 years$2,152$1,601$1,173$848$606$131
28 years$2,053$1,509$1,090$777$547$110
29 years$1,961$1,423$1,015$712$494$93
30 years$1,875$1,344$945$654$446$78
31 years$1,795$1,271$881$601$404$66
32 years$1,720$1,202$822$552$365$55
33 years$1,649$1,138$768$508$330$46
34 years$1,583$1,079$717$467$299$39
35 years$1,521$1,023$670$430$271$33
36 years$1,463$971$627$396$246$28
37 years$1,408$923$587$365$223$23
38 years$1,355$877$550$336$202$20
39 years$1,306$834$515$310$183$17
40 years$1,259$793$483$286$166$14
41 years$1,215$755$453$264$151$12
42 years$1,173$719$425$243$137$10
43 years$1,132$685$398$225$124$8
44 years$1,094$653$374$208$113$7
45 years$1,058$623$351$192$102$6
46 years$1,023$594$330$177$93$5
47 years$990$567$310$164$84$4
48 years$958$541$291$151$76$4
49 years$928$517$274$140$69$3
50 years$899$494$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $921,000, adding $3,550 every year, while hoping to spend $36,596 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: 50/35/15 Blend
29$921,000$921,000$921,000$921,000
30$1,018,604$969,791$955,515$1,065,170
31$1,083,564$978,373$948,587$1,106,157
32$1,153,923$986,149$940,200$1,146,569
33$1,230,193$993,040$930,268$1,189,678
34$1,312,938$998,965$918,697$1,235,747
35$1,402,777$1,003,833$905,393$1,285,072
36$1,500,391$1,007,552$890,254$1,337,977
37$1,606,529$1,010,020$873,176$1,394,823
38$1,722,017$1,011,132$854,048$1,456,007
39$1,847,759$1,010,775$832,756$1,521,971
40$1,984,756$1,008,828$809,178$1,593,201
41$2,134,105$1,005,164$783,190$1,670,237
42$2,297,014$999,648$754,658$1,753,674
43$2,474,816$992,137$723,445$1,844,173
44$2,668,973$982,478$689,406$1,942,461
45$2,881,100$970,510$652,392$2,049,344
46$3,112,969$956,062$612,245$2,165,714
47$3,366,536$938,954$568,799$2,292,556
48$3,643,952$918,992$521,883$2,430,958
49$3,947,587$895,974$471,318$2,582,123
50$4,280,049$869,685$416,915$2,747,380
51$4,644,211$839,897$358,479$2,928,199
52$5,043,237$806,368$295,804$3,126,203
53$5,480,611$768,843$228,677$3,343,185
54$5,960,170$727,054$156,875$3,581,126
55$6,486,141$680,714$80,164$3,842,213
56$7,063,180$629,521$0$4,128,864
57$7,696,413$573,156$0$4,444,019
58$8,391,489$511,282$0$4,804,064
59$9,154,628$443,543$0$5,199,452
60$9,992,686$369,562$0$5,633,820
61$10,913,210$288,940$0$6,111,182
62$11,924,517$201,258$0$6,635,965
63$13,035,770$106,072$0$7,213,055
64$14,257,061$2,913$0$7,847,841
65$15,599,511$0$0$8,546,268
66$17,075,371$0$0$9,356,764
67$18,698,136$0$0$10,249,277
68$20,482,677$0$0$11,230,877
69$22,445,377$0$0$12,310,590
70$24,604,287$0$0$13,498,359
71$26,979,295$0$0$14,805,143
72$29,592,312$0$0$16,243,011
73$32,467,483$0$0$17,825,266
74$35,631,409$0$0$19,566,563
75$39,113,401$0$0$21,483,051
76$42,945,755$0$0$23,592,522
77$47,164,057$0$0$25,914,583
78$51,807,518$0$0$28,470,837
79$56,919,342$0$0$31,285,086
80$62,547,138$0$0$34,383,561
81$68,743,363$0$0$37,795,164
82$75,565,819$0$0$41,551,741
83$83,078,201$0$0$45,688,385
84$91,350,694$0$0$50,243,766
85$100,460,633$0$0$55,260,493
86$110,493,240$0$0$60,785,520
87$121,542,420$0$0$66,870,586
88$133,711,650$0$0$73,572,704
89$147,114,957$0$0$80,954,700
90$161,877,990$0$0$89,085,803
91$178,139,207$0$0$98,042,302
92$196,051,183$0$0$107,908,260
93$215,782,047$0$0$118,776,313
94$237,517,068$0$0$130,748,543
95$261,460,407$0$0$143,937,437
96$287,837,039$0$0$158,466,953
97$316,894,880$0$0$174,473,688
98$348,907,122$0$0$192,108,169
99$384,174,814$0$0$211,536,268
100$423,029,706$0$0$232,940,776