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%
1 years$76,220$75,542$74,879$74,233$73,601$71,793
2 years$37,733$37,030$36,349$35,689$35,048$33,237
3 years$24,905$24,200$23,520$22,866$22,236$20,479
4 years$18,493$17,789$17,117$16,474$15,859$14,170
5 years$14,646$13,947$13,283$12,653$12,056$10,439
6 years$12,083$11,389$10,735$10,119$9,539$7,997
7 years$10,253$9,564$8,921$8,319$7,758$6,290
8 years$8,880$8,198$7,565$6,979$6,436$5,042
9 years$7,814$7,138$6,516$5,945$5,420$4,098
10 years$6,961$6,292$5,681$5,124$4,618$3,367
11 years$6,264$5,601$5,001$4,460$3,972$2,790
12 years$5,683$5,027$4,439$3,912$3,442$2,327
13 years$5,192$4,543$3,966$3,453$3,001$1,952
14 years$4,772$4,130$3,563$3,066$2,631$1,644
15 years$4,407$3,773$3,217$2,734$2,317$1,390
16 years$4,089$3,461$2,917$2,448$2,047$1,178
17 years$3,809$3,188$2,654$2,199$1,815$1,002
18 years$3,560$2,946$2,423$1,982$1,614$853
19 years$3,337$2,730$2,218$1,791$1,439$728
20 years$3,137$2,537$2,036$1,622$1,285$622
21 years$2,956$2,363$1,872$1,472$1,150$532
22 years$2,792$2,206$1,726$1,339$1,031$456
23 years$2,642$2,063$1,593$1,219$925$391
24 years$2,505$1,933$1,474$1,112$832$336
25 years$2,380$1,814$1,365$1,015$748$288
26 years$2,264$1,705$1,266$928$674$247
27 years$2,157$1,604$1,175$850$608$213
28 years$2,057$1,512$1,093$779$548$183
29 years$1,965$1,426$1,017$714$495$157
30 years$1,879$1,347$947$655$447$135
31 years$1,799$1,273$883$602$405$117
32 years$1,723$1,205$824$553$366$100
33 years$1,653$1,141$769$509$331$86
34 years$1,587$1,081$719$468$300$74
35 years$1,525$1,026$672$431$272$64
36 years$1,466$973$629$397$246$55
37 years$1,411$925$588$366$223$48
38 years$1,358$879$551$337$202$41
39 years$1,309$836$516$311$183$35
40 years$1,262$795$484$287$166$30
41 years$1,217$757$454$264$151$26
42 years$1,175$721$426$244$137$23
43 years$1,135$687$399$225$124$19
44 years$1,097$655$375$208$113$17
45 years$1,060$624$352$192$102$14
46 years$1,025$595$331$177$93$12
47 years$992$568$311$164$84$11
48 years$961$542$292$151$77$9
49 years$930$518$274$140$70$8
50 years$901$495$258$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $923,000, adding $6,756 every year, while hoping to spend $36,981 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: 56/38/6 Blend
29$923,000$923,000$923,000$923,000
30$1,024,115$975,196$960,889$1,079,777
31$1,089,227$983,633$953,732$1,126,480
32$1,159,741$991,244$945,095$1,172,590
33$1,236,169$997,950$934,890$1,221,895
34$1,319,075$1,003,665$923,025$1,274,702
35$1,409,076$1,008,300$909,401$1,331,353
36$1,506,854$1,011,759$893,919$1,392,221
37$1,613,158$1,013,940$876,470$1,457,724
38$1,728,812$1,014,735$856,944$1,528,318
39$1,854,723$1,014,029$835,223$1,604,512
40$1,991,888$1,011,700$811,187$1,686,864
41$2,141,406$1,007,619$784,707$1,775,993
42$2,304,484$1,001,647$755,650$1,872,581
43$2,482,453$993,639$723,875$1,977,382
44$2,676,777$983,441$689,239$2,091,230
45$2,889,066$970,888$651,586$2,215,044
46$3,121,096$955,807$610,760$2,349,839
47$3,374,819$938,013$566,591$2,496,738
48$3,652,386$917,311$518,908$2,656,980
49$3,956,165$893,495$467,527$2,831,931
50$4,288,764$866,345$412,259$3,023,104
51$4,653,053$835,632$352,905$3,232,164
52$5,052,195$801,108$289,257$3,460,953
53$5,489,672$762,516$221,101$3,711,504
54$5,969,320$719,580$148,209$3,986,060
55$6,495,362$672,011$70,346$4,287,097
56$7,072,452$619,503$0$4,617,351
57$7,705,713$561,729$0$4,980,654
58$8,400,791$498,350$0$5,384,379
59$9,163,904$429,000$0$5,827,713
60$10,001,900$353,300$0$6,314,727
61$10,922,326$270,843$0$6,849,919
62$11,933,491$181,202$0$7,438,247
63$13,044,554$83,928$0$8,085,182
64$14,265,602$0$0$8,796,759
65$15,607,747$0$0$9,588,608
66$17,083,234$0$0$10,497,798
67$18,705,550$0$0$11,497,557
68$20,489,557$0$0$12,597,054
69$22,451,628$0$0$13,806,392
70$24,609,802$0$0$15,136,702
71$26,983,956$0$0$16,600,249
72$29,595,988$0$0$18,210,546
73$32,470,026$0$0$19,982,480
74$35,632,657$0$0$21,932,457
75$39,113,173$0$0$24,078,552
76$42,943,850$0$0$26,440,682
77$47,160,252$0$0$29,040,792
78$51,801,565$0$0$31,903,062
79$56,910,967$0$0$35,054,138
80$62,536,036$0$0$38,523,378
81$68,729,197$0$0$42,343,132
82$75,548,217$0$0$46,549,048
83$83,056,748$0$0$51,180,405
84$91,324,933$0$0$56,280,486
85$100,430,058$0$0$61,896,986
86$110,457,291$0$0$68,082,459
87$121,500,477$0$0$74,894,817
88$133,663,030$0$0$82,397,877
89$147,058,903$0$0$90,661,958
90$161,813,665$0$0$99,764,549
91$178,065,687$0$0$109,791,039
92$195,967,448$0$0$120,835,523
93$215,686,968$0$0$133,001,686
94$237,409,401$0$0$146,403,787
95$261,338,776$0$0$161,167,735
96$287,699,927$0$0$177,432,274
97$316,740,610$0$0$195,350,298
98$348,733,844$0$0$215,090,287
99$383,980,487$0$0$236,837,905
100$422,812,075$0$0$260,797,744