Can I retire at age 30 with 923,000?

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 $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%11.4%
1 years$76,220$75,542$74,879$74,233$73,601$73,168
2 years$37,733$37,030$36,349$35,689$35,048$34,611
3 years$24,905$24,200$23,520$22,866$22,236$21,809
4 years$18,493$17,789$17,117$16,474$15,859$15,445
5 years$14,646$13,947$13,283$12,653$12,056$11,656
6 years$12,083$11,389$10,735$10,119$9,539$9,154
7 years$10,253$9,564$8,921$8,319$7,758$7,387
8 years$8,880$8,198$7,565$6,979$6,436$6,080
9 years$7,814$7,138$6,516$5,945$5,420$5,079
10 years$6,961$6,292$5,681$5,124$4,618$4,292
11 years$6,264$5,601$5,001$4,460$3,972$3,660
12 years$5,683$5,027$4,439$3,912$3,442$3,144
13 years$5,192$4,543$3,966$3,453$3,001$2,718
14 years$4,772$4,130$3,563$3,066$2,631$2,361
15 years$4,407$3,773$3,217$2,734$2,317$2,060
16 years$4,089$3,461$2,917$2,448$2,047$1,803
17 years$3,809$3,188$2,654$2,199$1,815$1,584
18 years$3,560$2,946$2,423$1,982$1,614$1,395
19 years$3,337$2,730$2,218$1,791$1,439$1,231
20 years$3,137$2,537$2,036$1,622$1,285$1,088
21 years$2,956$2,363$1,872$1,472$1,150$964
22 years$2,792$2,206$1,726$1,339$1,031$855
23 years$2,642$2,063$1,593$1,219$925$760
24 years$2,505$1,933$1,474$1,112$832$676
25 years$2,380$1,814$1,365$1,015$748$602
26 years$2,264$1,705$1,266$928$674$536
27 years$2,157$1,604$1,175$850$608$478
28 years$2,057$1,512$1,093$779$548$427
29 years$1,965$1,426$1,017$714$495$381
30 years$1,879$1,347$947$655$447$340
31 years$1,799$1,273$883$602$405$304
32 years$1,723$1,205$824$553$366$272
33 years$1,653$1,141$769$509$331$244
34 years$1,587$1,081$719$468$300$218
35 years$1,525$1,026$672$431$272$195
36 years$1,466$973$629$397$246$175
37 years$1,411$925$588$366$223$157
38 years$1,358$879$551$337$202$140
39 years$1,309$836$516$311$183$126
40 years$1,262$795$484$287$166$113
41 years$1,217$757$454$264$151$101
42 years$1,175$721$426$244$137$91
43 years$1,135$687$399$225$124$81
44 years$1,097$655$375$208$113$73
45 years$1,060$624$352$192$102$65
46 years$1,025$595$331$177$93$59
47 years$992$568$311$164$84$53
48 years$961$542$292$151$77$47
49 years$930$518$274$140$70$42
50 years$901$495$258$129$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $923,000, adding $4,876 every year, while hoping to spend $28,022 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: 51/29/20 Blend
29$923,000$923,000$923,000$923,000
30$1,022,176$973,257$958,950$1,068,406
31$1,096,622$991,131$961,260$1,118,702
32$1,177,723$1,008,942$962,708$1,170,069
33$1,266,128$1,026,657$963,235$1,225,323
34$1,362,551$1,044,241$962,781$1,284,843
35$1,467,778$1,061,655$961,281$1,349,045
36$1,582,675$1,078,860$958,668$1,418,391
37$1,708,194$1,095,811$954,870$1,493,387
38$1,845,386$1,112,462$949,814$1,574,594
39$1,995,404$1,128,761$943,421$1,662,629
40$2,159,520$1,144,655$935,611$1,758,174
41$2,339,135$1,160,087$926,297$1,861,981
42$2,535,789$1,174,994$915,391$1,974,879
43$2,751,182$1,189,311$902,798$2,097,783
44$2,987,181$1,202,966$888,421$2,231,701
45$3,245,847$1,215,885$872,157$2,377,747
46$3,529,448$1,227,987$853,898$2,537,149
47$3,840,480$1,239,187$833,532$2,711,262
48$4,181,694$1,249,393$810,941$2,901,579
49$4,556,122$1,258,507$786,002$3,109,749
50$4,967,099$1,266,427$758,586$3,337,588
51$5,418,303$1,273,042$728,559$3,587,103
52$5,913,784$1,278,235$695,780$3,860,505
53$6,458,002$1,281,881$660,101$4,160,232
54$7,055,873$1,283,848$621,368$4,488,975
55$7,712,810$1,283,994$579,422$4,849,701
56$8,434,777$1,282,170$534,093$5,245,681
57$9,228,346$1,278,218$485,206$5,680,524
58$10,100,755$1,271,968$432,579$6,158,209
59$11,059,980$1,263,243$376,018$6,683,126
60$12,114,807$1,251,851$315,325$7,260,112
61$13,274,919$1,237,593$250,289$7,894,506
62$14,550,981$1,220,255$180,694$8,592,193
63$15,954,744$1,199,611$106,311$9,359,660
64$17,499,158$1,175,422$26,902$10,204,064
65$19,198,488$1,147,434$0$11,133,294
66$21,068,454$1,115,379$0$12,168,393
67$23,126,376$1,078,972$0$13,313,539
68$25,391,338$1,037,913$0$14,573,618
69$27,884,366$991,883$0$15,960,352
70$30,628,632$940,545$0$17,486,658
71$33,649,665$883,544$0$19,166,778
72$36,975,596$820,503$0$21,016,405
73$40,637,422$751,023$0$23,052,840
74$44,669,300$674,684$0$25,295,151
75$49,108,865$591,040$0$27,764,353
76$53,997,589$499,621$0$30,483,612
77$59,381,172$399,931$0$33,478,459
78$65,309,968$291,444$0$36,777,035
79$71,839,467$173,607$0$40,410,357
80$79,030,814$45,835$0$44,412,611
81$86,951,385$0$0$48,821,476
82$95,675,426$0$0$53,707,996
83$105,284,751$0$0$59,106,628
84$115,869,517$0$0$65,053,415
85$127,529,069$0$0$71,604,188
86$140,372,882$0$0$78,820,472
87$154,521,594$0$0$86,770,066
88$170,108,140$0$0$95,527,681
89$187,279,013$0$0$105,175,645
90$206,195,639$0$0$115,804,682
91$227,035,908$0$0$127,514,766
92$249,995,846$0$0$140,416,066
93$275,291,469$0$0$154,629,984
94$303,160,822$0$0$170,290,304
95$333,866,221$0$0$187,544,450
96$367,696,736$0$0$206,554,882
97$404,970,912$0$0$227,500,626
98$446,039,781$0$0$250,578,966
99$491,290,172$0$0$276,007,306
100$541,148,365$0$0$304,025,218