Can I retire at age 30 with 921,000?

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 $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%17.3%
1 years$76,055$75,378$74,717$74,072$73,442$71,262
2 years$37,651$36,950$36,270$35,611$34,972$32,794
3 years$24,851$24,147$23,469$22,817$22,188$20,080
4 years$18,453$17,751$17,080$16,438$15,825$13,803
5 years$14,615$13,917$13,255$12,626$12,030$10,099
6 years$12,057$11,364$10,712$10,097$9,519$7,682
7 years$10,230$9,544$8,901$8,301$7,741$5,998
8 years$8,861$8,181$7,549$6,964$6,422$4,771
9 years$7,797$7,123$6,502$5,932$5,408$3,848
10 years$6,946$6,278$5,669$5,113$4,608$3,136
11 years$6,250$5,589$4,991$4,450$3,963$2,577
12 years$5,671$5,017$4,429$3,903$3,434$2,131
13 years$5,181$4,534$3,957$3,446$2,995$1,771
14 years$4,761$4,121$3,555$3,059$2,625$1,479
15 years$4,398$3,764$3,210$2,728$2,311$1,239
16 years$4,080$3,454$2,910$2,443$2,043$1,041
17 years$3,800$3,181$2,648$2,195$1,811$876
18 years$3,552$2,939$2,418$1,978$1,611$739
19 years$3,330$2,724$2,213$1,787$1,436$625
20 years$3,130$2,531$2,031$1,619$1,282$529
21 years$2,950$2,358$1,868$1,469$1,147$448
22 years$2,786$2,201$1,722$1,336$1,029$380
23 years$2,637$2,058$1,590$1,216$923$322
24 years$2,500$1,929$1,470$1,109$830$274
25 years$2,374$1,810$1,362$1,013$747$233
26 years$2,259$1,701$1,263$926$673$198
27 years$2,152$1,601$1,173$848$606$168
28 years$2,053$1,509$1,090$777$547$143
29 years$1,961$1,423$1,015$712$494$122
30 years$1,875$1,344$945$654$446$104
31 years$1,795$1,271$881$601$404$88
32 years$1,720$1,202$822$552$365$75
33 years$1,649$1,138$768$508$330$64
34 years$1,583$1,079$717$467$299$55
35 years$1,521$1,023$670$430$271$46
36 years$1,463$971$627$396$246$40
37 years$1,408$923$587$365$223$34
38 years$1,355$877$550$336$202$29
39 years$1,306$834$515$310$183$24
40 years$1,259$793$483$286$166$21
41 years$1,215$755$453$264$151$18
42 years$1,173$719$425$243$137$15
43 years$1,132$685$398$225$124$13
44 years$1,094$653$374$208$113$11
45 years$1,058$623$351$192$102$9
46 years$1,023$594$330$177$93$8
47 years$990$567$310$164$84$7
48 years$958$541$291$151$76$6
49 years$928$517$274$140$69$5
50 years$899$494$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $921,000, adding $6,384 every year, while hoping to spend $48,397 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: 31/47/22 Blend
29$921,000$921,000$921,000$921,000
30$1,021,527$972,714$958,439$1,046,063
31$1,074,229$968,883$939,052$1,061,372
32$1,130,684$963,242$917,394$1,073,054
33$1,191,225$955,652$893,338$1,084,627
34$1,256,214$945,964$866,750$1,096,114
35$1,326,053$934,021$837,490$1,107,542
36$1,401,179$919,656$805,415$1,118,945
37$1,482,073$902,693$770,370$1,130,367
38$1,569,265$882,946$732,198$1,141,859
39$1,663,335$860,215$690,732$1,153,485
40$1,764,921$834,292$645,797$1,165,320
41$1,874,725$804,954$597,214$1,177,453
42$1,993,517$771,967$544,790$1,189,989
43$2,122,144$735,081$488,329$1,203,049
44$2,261,538$694,036$427,623$1,216,775
45$2,412,723$648,551$362,456$1,231,331
46$2,576,824$598,333$292,602$1,246,905
47$2,755,080$543,072$217,825$1,263,714
48$2,948,855$482,439$137,878$1,282,005
49$3,159,646$416,087$52,505$1,302,061
50$3,389,104$343,648$0$1,324,204
51$3,639,042$264,737$0$1,357,860
52$3,911,457$178,942$0$1,408,125
53$4,208,548$85,832$0$1,463,196
54$4,532,733$0$0$1,523,676
55$4,886,674$0$0$1,598,019
56$5,273,303$0$0$1,727,851
57$5,695,846$0$0$1,869,881
58$6,157,856$0$0$2,025,321
59$6,663,243$0$0$2,195,504
60$7,216,313$0$0$2,381,899
61$7,821,810$0$0$2,586,124
62$8,484,955$0$0$2,809,960
63$9,211,498$0$0$3,055,368
64$10,007,772$0$0$3,324,510
65$10,880,753$0$0$3,619,766
66$11,838,121$0$0$3,943,757
67$12,888,338$0$0$4,299,370
68$14,040,723$0$0$4,689,786
69$15,305,542$0$0$5,118,509
70$16,694,100$0$0$5,589,398
71$18,218,855$0$0$6,106,705
72$19,893,526$0$0$6,675,114
73$21,733,229$0$0$7,299,784
74$23,754,614$0$0$7,986,401
75$25,976,025$0$0$8,741,227
76$28,417,672$0$0$9,571,162
77$31,101,816$0$0$10,483,808
78$34,052,989$0$0$11,487,540
79$37,298,212$0$0$12,591,585
80$40,867,261$0$0$13,806,111
81$44,792,938$0$0$15,142,320
82$49,111,387$0$0$16,612,553
83$53,862,429$0$0$18,230,411
84$59,089,940$0$0$20,010,876
85$64,842,265$0$0$21,970,459
86$71,172,668$0$0$24,127,351
87$78,139,842$0$0$26,501,597
88$85,808,456$0$0$29,115,284
89$94,249,767$0$0$31,992,749
90$103,542,290$0$0$35,160,808
91$113,772,540$0$0$38,649,010
92$125,035,848$0$0$42,489,915
93$137,437,255$0$0$46,719,402
94$151,092,511$0$0$51,377,005
95$166,129,157$0$0$56,506,289
96$182,687,736$0$0$62,155,257
97$200,923,111$0$0$68,376,809
98$221,005,934$0$0$75,229,232
99$243,124,247$0$0$82,776,760
100$267,485,263$0$0$91,090,171