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%14.2%
1 years$76,138$75,460$74,798$74,152$73,522$72,244
2 years$37,692$36,990$36,310$35,650$35,010$33,727
3 years$24,878$24,173$23,495$22,841$22,212$20,964
4 years$18,473$17,770$17,098$16,456$15,842$14,638
5 years$14,631$13,932$13,269$12,640$12,043$10,886
6 years$12,070$11,376$10,723$10,108$9,529$8,421
7 years$10,241$9,554$8,911$8,310$7,750$6,691
8 years$8,871$8,189$7,557$6,971$6,429$5,420
9 years$7,805$7,130$6,509$5,938$5,414$4,453
10 years$6,953$6,285$5,675$5,119$4,613$3,700
11 years$6,257$5,595$4,996$4,455$3,967$3,101
12 years$5,677$5,022$4,434$3,907$3,438$2,617
13 years$5,186$4,538$3,961$3,450$2,998$2,221
14 years$4,766$4,125$3,559$3,062$2,628$1,894
15 years$4,403$3,769$3,214$2,731$2,314$1,621
16 years$4,085$3,458$2,914$2,445$2,045$1,392
17 years$3,805$3,184$2,651$2,197$1,813$1,199
18 years$3,556$2,942$2,420$1,980$1,612$1,035
19 years$3,333$2,727$2,216$1,789$1,437$895
20 years$3,134$2,534$2,033$1,620$1,284$775
21 years$2,953$2,360$1,870$1,471$1,149$672
22 years$2,789$2,203$1,724$1,337$1,030$584
23 years$2,640$2,061$1,592$1,218$924$508
24 years$2,503$1,931$1,472$1,111$831$442
25 years$2,377$1,812$1,363$1,014$748$385
26 years$2,261$1,703$1,264$927$673$336
27 years$2,154$1,603$1,174$849$607$293
28 years$2,055$1,510$1,091$778$548$255
29 years$1,963$1,425$1,016$713$495$223
30 years$1,877$1,345$946$655$447$195
31 years$1,797$1,272$882$601$404$170
32 years$1,722$1,203$823$552$366$149
33 years$1,651$1,140$768$508$331$130
34 years$1,585$1,080$718$467$300$114
35 years$1,523$1,025$671$430$271$99
36 years$1,464$972$628$396$246$87
37 years$1,409$924$588$365$223$76
38 years$1,357$878$550$337$202$66
39 years$1,307$835$516$310$183$58
40 years$1,261$794$483$286$166$51
41 years$1,216$756$453$264$151$45
42 years$1,174$720$425$244$137$39
43 years$1,134$686$399$225$124$34
44 years$1,095$654$374$208$113$30
45 years$1,059$623$352$192$102$26
46 years$1,024$595$330$177$93$23
47 years$991$568$310$164$84$20
48 years$959$542$292$151$77$18
49 years$929$517$274$140$70$15
50 years$900$494$258$129$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $922,000, adding $4,166 every year, while hoping to spend $21,312 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: 47/23/30 Blend
29$922,000$922,000$922,000$922,000
30$1,020,341$971,475$957,184$1,059,341
31$1,101,740$996,402$966,574$1,112,294
32$1,190,728$1,021,835$975,564$1,167,357
33$1,288,055$1,047,778$984,119$1,226,730
34$1,394,550$1,074,233$992,200$1,290,828
35$1,511,123$1,101,199$999,768$1,360,113
36$1,638,778$1,128,679$1,006,781$1,435,091
37$1,778,620$1,156,670$1,013,194$1,516,321
38$1,931,865$1,185,173$1,018,962$1,604,418
39$2,099,854$1,214,185$1,024,036$1,700,060
40$2,284,062$1,243,703$1,028,364$1,803,996
41$2,486,116$1,273,724$1,031,894$1,917,050
42$2,707,804$1,304,241$1,034,567$2,040,131
43$2,951,100$1,335,249$1,036,325$2,174,240
44$3,218,177$1,366,740$1,037,106$2,320,481
45$3,511,425$1,398,705$1,036,844$2,480,071
46$3,833,483$1,431,134$1,035,470$2,654,352
47$4,187,253$1,464,014$1,032,913$2,844,803
48$4,575,934$1,497,333$1,029,097$3,053,053
49$5,003,051$1,531,073$1,023,943$3,280,901
50$5,472,485$1,565,219$1,017,369$3,530,326
51$5,988,514$1,599,750$1,009,286$3,803,512
52$6,555,850$1,634,645$999,604$4,102,868
53$7,179,684$1,669,880$988,228$4,431,045
54$7,865,736$1,705,429$975,058$4,790,970
55$8,620,308$1,741,261$959,989$5,185,867
56$9,450,342$1,777,345$942,911$5,619,290
57$10,363,488$1,813,647$923,711$6,095,158
58$11,368,176$1,850,128$902,267$6,617,790
59$12,473,692$1,886,746$878,455$7,191,947
60$13,690,268$1,923,456$852,142$7,822,877
61$15,029,179$1,960,209$823,193$8,516,366
62$16,502,848$1,996,952$791,462$9,278,790
63$18,124,963$2,033,627$756,801$10,117,180
64$19,910,606$2,070,172$719,051$11,039,282
65$21,876,398$2,106,520$678,049$12,053,639
66$24,040,650$2,142,599$633,623$13,169,664
67$26,423,541$2,178,331$585,594$14,397,734
68$29,047,305$2,213,632$533,774$15,749,288
69$31,936,442$2,248,412$477,968$17,236,933
70$35,117,951$2,282,576$417,971$18,874,565
71$38,621,579$2,316,019$353,570$20,677,501
72$42,480,107$2,348,632$284,542$22,662,625
73$46,729,658$2,380,295$210,655$24,848,544
74$51,410,035$2,410,881$131,664$27,255,769
75$56,565,101$2,440,256$47,316$29,906,907
76$62,243,187$2,468,274$0$32,826,873
77$68,497,554$2,494,782$0$36,056,799
78$75,386,891$2,519,613$0$39,630,338
79$82,975,873$2,542,593$0$43,565,780
80$91,335,765$2,563,533$0$47,899,993
81$100,545,102$2,582,235$0$52,673,603
82$110,690,423$2,598,485$0$57,931,380
83$121,867,093$2,612,058$0$63,722,663
84$134,180,201$2,622,713$0$70,101,822
85$147,745,549$2,630,193$0$77,128,773
86$162,690,750$2,634,228$0$84,869,546
87$179,156,429$2,634,528$0$93,396,905
88$197,297,551$2,630,786$0$102,791,038
89$217,284,883$2,622,676$0$113,140,313
90$239,306,607$2,609,853$0$124,542,111
91$263,570,095$2,591,950$0$137,103,751
92$290,303,866$2,568,577$0$150,943,495
93$319,759,745$2,539,321$0$166,191,674
94$352,215,237$2,503,746$0$182,991,912
95$387,976,150$2,461,388$0$201,502,486
96$427,379,476$2,411,756$0$221,897,818
97$470,796,580$2,354,329$0$244,370,126
98$518,636,696$2,288,557$0$269,131,235
99$571,350,799$2,213,856$0$296,414,581
100$629,435,855$2,129,609$0$326,477,411