Can I retire at age 30 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$76,138$75,460$74,798$74,152$73,522$71,541
2 years$37,692$36,990$36,310$35,650$35,010$33,029
3 years$24,878$24,173$23,495$22,841$22,212$20,292
4 years$18,473$17,770$17,098$16,456$15,842$13,998
5 years$14,631$13,932$13,269$12,640$12,043$10,280
6 years$12,070$11,376$10,723$10,108$9,529$7,849
7 years$10,241$9,554$8,911$8,310$7,750$6,153
8 years$8,871$8,189$7,557$6,971$6,429$4,914
9 years$7,805$7,130$6,509$5,938$5,414$3,980
10 years$6,953$6,285$5,675$5,119$4,613$3,258
11 years$6,257$5,595$4,996$4,455$3,967$2,689
12 years$5,677$5,022$4,434$3,907$3,438$2,234
13 years$5,186$4,538$3,961$3,450$2,998$1,866
14 years$4,766$4,125$3,559$3,062$2,628$1,566
15 years$4,403$3,769$3,214$2,731$2,314$1,318
16 years$4,085$3,458$2,914$2,445$2,045$1,113
17 years$3,805$3,184$2,651$2,197$1,813$942
18 years$3,556$2,942$2,420$1,980$1,612$799
19 years$3,333$2,727$2,216$1,789$1,437$678
20 years$3,134$2,534$2,033$1,620$1,284$577
21 years$2,953$2,360$1,870$1,471$1,149$492
22 years$2,789$2,203$1,724$1,337$1,030$419
23 years$2,640$2,061$1,592$1,218$924$358
24 years$2,503$1,931$1,472$1,111$831$305
25 years$2,377$1,812$1,363$1,014$748$261
26 years$2,261$1,703$1,264$927$673$223
27 years$2,154$1,603$1,174$849$607$191
28 years$2,055$1,510$1,091$778$548$163
29 years$1,963$1,425$1,016$713$495$140
30 years$1,877$1,345$946$655$447$120
31 years$1,797$1,272$882$601$404$103
32 years$1,722$1,203$823$552$366$88
33 years$1,651$1,140$768$508$331$75
34 years$1,585$1,080$718$467$300$64
35 years$1,523$1,025$671$430$271$55
36 years$1,464$972$628$396$246$47
37 years$1,409$924$588$365$223$41
38 years$1,357$878$550$337$202$35
39 years$1,307$835$516$310$183$30
40 years$1,261$794$483$286$166$26
41 years$1,216$756$453$264$151$22
42 years$1,174$720$425$244$137$19
43 years$1,134$686$399$225$124$16
44 years$1,095$654$374$208$113$14
45 years$1,059$623$352$192$102$12
46 years$1,024$595$330$177$93$10
47 years$991$568$310$164$84$9
48 years$959$542$292$151$77$7
49 years$929$517$274$140$70$6
50 years$900$494$258$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $922,000, adding $5,026 every year, while hoping to spend $36,636 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: 83/5/12 Blend
29$922,000$922,000$922,000$922,000
30$1,021,228$972,362$958,071$1,103,425
31$1,086,413$981,028$951,186$1,166,672
32$1,157,019$988,890$942,843$1,230,742
33$1,233,560$995,870$932,953$1,300,006
34$1,316,602$1,001,887$921,426$1,374,966
35$1,406,766$1,006,850$908,165$1,456,174
36$1,504,738$1,010,667$893,069$1,544,239
37$1,611,268$1,013,237$876,034$1,639,831
38$1,727,185$1,014,454$856,949$1,743,688
39$1,853,401$1,014,204$835,700$1,856,623
40$1,990,917$1,012,369$812,164$1,979,531
41$2,140,836$1,008,821$786,218$2,113,400
42$2,304,372$1,003,424$757,727$2,259,317
43$2,482,862$996,036$726,555$2,418,478
44$2,677,777$986,505$692,557$2,592,205
45$2,890,735$974,669$655,583$2,781,951
46$3,123,520$960,357$615,475$2,989,317
47$3,378,093$943,389$572,067$3,216,070
48$3,656,616$923,572$525,189$3,464,154
49$3,961,468$900,705$474,660$3,735,714
50$4,295,269$874,570$420,293$4,033,111
51$4,660,905$844,942$361,890$4,358,947
52$5,061,552$811,579$299,248$4,716,092
53$5,500,709$774,226$232,153$5,107,707
54$5,982,232$732,613$160,380$5,537,274
55$6,510,364$686,456$83,697$6,008,632
56$7,089,781$635,452$1,861$6,526,013
57$7,725,632$579,282$0$7,094,077
58$8,423,590$517,610$0$7,728,907
59$9,189,903$450,080$0$8,426,188
60$10,031,453$376,314$0$9,191,955
61$10,955,824$295,916$0$10,033,124
62$11,971,366$208,464$0$10,957,311
63$13,087,283$113,516$0$11,972,909
64$14,313,710$10,603$0$13,089,167
65$15,661,816$0$0$14,316,272
66$17,143,905$0$0$15,670,994
67$18,773,530$0$0$17,161,237
68$20,565,628$0$0$18,800,077
69$22,536,651$0$0$20,602,563
70$24,704,728$0$0$22,585,276
71$27,089,833$0$0$24,766,485
72$29,713,974$0$0$27,166,319
73$32,601,397$0$0$29,806,956
74$35,778,821$0$0$32,712,833
75$39,275,682$0$0$35,910,875
76$43,124,418$0$0$39,430,749
77$47,360,766$0$0$43,305,144
78$52,024,108$0$0$47,570,080
79$57,157,837$0$0$52,265,246
80$62,809,764$0$0$57,434,374
81$69,032,576$0$0$63,125,652
82$75,884,325$0$0$69,392,179
83$83,428,981$0$0$76,292,464
84$91,737,033$0$0$83,890,981
85$100,886,152$0$0$92,258,772
86$110,961,927$0$0$101,474,122
87$122,058,672$0$0$111,623,293
88$134,280,310$0$0$122,801,342
89$147,741,364$0$0$135,113,015
90$162,568,025$0$0$148,673,735
91$178,899,352$0$0$163,610,694
92$196,888,580$0$0$180,064,048
93$216,704,567$0$0$198,188,244
94$238,533,385$0$0$218,153,474
95$262,580,079$0$0$240,147,283
96$289,070,598$0$0$264,376,339
97$318,253,932$0$0$291,068,380
98$350,404,457$0$0$320,474,368
99$385,824,527$0$0$352,870,852
100$424,847,328$0$0$388,562,583