Can I retire at age 30 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$76,220$75,542$74,879$74,233$73,601$71,648
2 years$37,733$37,030$36,349$35,689$35,048$33,094
3 years$24,905$24,200$23,520$22,866$22,236$20,342
4 years$18,493$17,789$17,117$16,474$15,859$14,039
5 years$14,646$13,947$13,283$12,653$12,056$10,316
6 years$12,083$11,389$10,735$10,119$9,539$7,881
7 years$10,253$9,564$8,921$8,319$7,758$6,181
8 years$8,880$8,198$7,565$6,979$6,436$4,940
9 years$7,814$7,138$6,516$5,945$5,420$4,003
10 years$6,961$6,292$5,681$5,124$4,618$3,279
11 years$6,264$5,601$5,001$4,460$3,972$2,708
12 years$5,683$5,027$4,439$3,912$3,442$2,252
13 years$5,192$4,543$3,966$3,453$3,001$1,882
14 years$4,772$4,130$3,563$3,066$2,631$1,580
15 years$4,407$3,773$3,217$2,734$2,317$1,331
16 years$4,089$3,461$2,917$2,448$2,047$1,124
17 years$3,809$3,188$2,654$2,199$1,815$952
18 years$3,560$2,946$2,423$1,982$1,614$808
19 years$3,337$2,730$2,218$1,791$1,439$687
20 years$3,137$2,537$2,036$1,622$1,285$585
21 years$2,956$2,363$1,872$1,472$1,150$499
22 years$2,792$2,206$1,726$1,339$1,031$425
23 years$2,642$2,063$1,593$1,219$925$363
24 years$2,505$1,933$1,474$1,112$832$311
25 years$2,380$1,814$1,365$1,015$748$266
26 years$2,264$1,705$1,266$928$674$227
27 years$2,157$1,604$1,175$850$608$195
28 years$2,057$1,512$1,093$779$548$167
29 years$1,965$1,426$1,017$714$495$143
30 years$1,879$1,347$947$655$447$122
31 years$1,799$1,273$883$602$405$105
32 years$1,723$1,205$824$553$366$90
33 years$1,653$1,141$769$509$331$77
34 years$1,587$1,081$719$468$300$66
35 years$1,525$1,026$672$431$272$57
36 years$1,466$973$629$397$246$49
37 years$1,411$925$588$366$223$42
38 years$1,358$879$551$337$202$36
39 years$1,309$836$516$311$183$31
40 years$1,262$795$484$287$166$26
41 years$1,217$757$454$264$151$23
42 years$1,175$721$426$244$137$19
43 years$1,135$687$399$225$124$17
44 years$1,097$655$375$208$113$14
45 years$1,060$624$352$192$102$12
46 years$1,025$595$331$177$93$11
47 years$992$568$311$164$84$9
48 years$961$542$292$151$77$8
49 years$930$518$274$140$70$7
50 years$901$495$258$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $923,000, adding $3,161 every year, while hoping to spend $44,773 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: 44/30/26 Blend
29$923,000$923,000$923,000$923,000
30$1,020,407$971,488$957,181$1,057,483
31$1,076,850$971,452$941,609$1,084,132
32$1,137,550$969,915$924,014$1,108,455
33$1,202,893$966,754$904,282$1,133,947
34$1,273,305$961,842$882,292$1,160,743
35$1,349,252$955,042$857,918$1,188,991
36$1,431,247$946,210$831,030$1,218,860
37$1,519,853$935,193$801,488$1,250,538
38$1,615,689$921,829$769,149$1,284,235
39$1,719,436$905,945$733,862$1,320,187
40$1,831,842$887,360$695,470$1,358,656
41$1,953,730$865,880$653,808$1,399,938
42$2,086,004$841,302$608,705$1,444,360
43$2,229,660$813,409$559,979$1,492,289
44$2,385,791$781,972$507,444$1,544,133
45$2,555,601$746,748$450,903$1,600,346
46$2,740,416$707,482$390,152$1,661,436
47$2,941,692$663,903$324,976$1,727,966
48$3,161,034$615,723$255,152$1,800,564
49$3,400,207$562,641$180,447$1,879,928
50$3,661,152$504,334$100,616$1,966,834
51$3,946,009$440,466$15,406$2,062,144
52$4,257,131$370,678$0$2,166,816
53$4,597,109$294,592$0$2,302,865
54$4,968,796$211,809$0$2,456,441
55$5,375,333$121,907$0$2,624,657
56$5,820,177$24,441$0$2,809,048
57$6,307,138$0$0$3,011,311
58$6,840,407$0$0$3,260,083
59$7,424,603$0$0$3,541,562
60$8,064,811$0$0$3,850,144
61$8,766,632$0$0$4,188,543
62$9,536,233$0$0$4,559,747
63$10,380,409$0$0$4,967,050
64$11,306,643$0$0$5,414,076
65$12,323,176$0$0$5,904,822
66$13,439,088$0$0$6,443,687
67$14,664,381$0$0$7,035,518
68$16,010,070$0$0$7,685,655
69$17,488,292$0$0$8,399,980
70$19,112,416$0$0$9,184,973
71$20,897,171$0$0$10,047,774
72$22,858,783$0$0$10,996,248
73$25,015,127$0$0$12,039,059
74$27,385,897$0$0$13,185,755
75$29,992,792$0$0$14,446,853
76$32,859,717$0$0$15,833,941
77$36,013,009$0$0$17,359,789
78$39,481,688$0$0$19,038,462
79$43,297,725$0$0$20,885,462
80$47,496,348$0$0$22,917,865
81$52,116,373$0$0$25,154,489
82$57,200,564$0$0$27,616,067
83$62,796,045$0$0$30,325,445
84$68,954,738$0$0$33,307,794
85$75,733,852$0$0$36,590,851
86$83,196,427$0$0$40,205,179
87$91,411,922$0$0$44,184,452
88$100,456,876$0$0$48,565,780
89$110,415,625$0$0$53,390,050
90$121,381,099$0$0$58,702,318
91$133,455,698$0$0$64,552,232
92$146,752,259$0$0$70,994,498
93$161,395,117$0$0$78,089,401
94$177,521,282$0$0$85,903,369
95$195,281,728$0$0$94,509,599
96$214,842,817$0$0$103,988,754
97$236,387,871$0$0$114,429,717
98$260,118,900$0$0$125,930,432
99$286,258,508$0$0$138,598,830
100$315,051,990$0$0$152,553,845