Can I retire at age 30 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$76,303$75,623$74,960$74,313$73,681$71,067
2 years$37,774$37,070$36,388$35,727$35,086$32,480
3 years$24,932$24,226$23,546$22,891$22,260$19,744
4 years$18,513$17,809$17,135$16,492$15,876$13,470
5 years$14,662$13,962$13,298$12,667$12,069$9,778
6 years$12,096$11,401$10,747$10,130$9,550$7,376
7 years$10,264$9,575$8,930$8,328$7,766$5,710
8 years$8,890$8,207$7,574$6,987$6,443$4,502
9 years$7,822$7,146$6,523$5,951$5,426$3,598
10 years$6,968$6,299$5,687$5,130$4,623$2,905
11 years$6,270$5,607$5,007$4,464$3,976$2,364
12 years$5,689$5,033$4,443$3,916$3,446$1,935
13 years$5,198$4,548$3,970$3,457$3,005$1,593
14 years$4,777$4,134$3,567$3,069$2,634$1,316
15 years$4,412$3,777$3,221$2,737$2,319$1,091
16 years$4,094$3,465$2,920$2,451$2,050$906
17 years$3,813$3,191$2,657$2,202$1,817$755
18 years$3,564$2,949$2,425$1,984$1,616$630
19 years$3,341$2,733$2,220$1,793$1,440$526
20 years$3,140$2,540$2,038$1,624$1,286$440
21 years$2,959$2,366$1,874$1,474$1,151$369
22 years$2,795$2,208$1,728$1,340$1,032$309
23 years$2,645$2,065$1,595$1,220$926$259
24 years$2,508$1,935$1,475$1,113$833$217
25 years$2,382$1,816$1,366$1,017$749$183
26 years$2,266$1,707$1,267$929$675$153
27 years$2,159$1,606$1,177$851$608$129
28 years$2,059$1,513$1,094$779$549$108
29 years$1,967$1,428$1,018$715$496$91
30 years$1,881$1,348$948$656$448$77
31 years$1,800$1,275$884$602$405$64
32 years$1,725$1,206$825$554$366$54
33 years$1,655$1,142$770$509$332$46
34 years$1,589$1,083$720$468$300$38
35 years$1,526$1,027$673$431$272$32
36 years$1,468$975$629$397$246$27
37 years$1,412$926$589$366$223$23
38 years$1,360$880$552$337$202$19
39 years$1,310$836$517$311$184$16
40 years$1,263$796$484$287$166$14
41 years$1,219$758$454$265$151$11
42 years$1,176$721$426$244$137$10
43 years$1,136$687$400$225$124$8
44 years$1,098$655$375$208$113$7
45 years$1,061$625$352$192$102$6
46 years$1,027$596$331$178$93$5
47 years$993$569$311$164$84$4
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$3
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $924,000, adding $5,833 every year, while hoping to spend $59,147 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: 55/28/17 Blend
29$924,000$924,000$924,000$924,000
30$1,024,265$975,293$960,971$1,075,653
31$1,065,808$960,150$930,231$1,096,191
32$1,109,606$942,283$896,480$1,111,709
33$1,155,827$921,496$859,553$1,127,284
34$1,204,653$897,581$819,279$1,142,936
35$1,256,283$870,318$775,481$1,158,691
36$1,310,936$839,476$727,972$1,174,580
37$1,368,848$804,807$676,556$1,190,639
38$1,430,280$766,052$621,030$1,206,914
39$1,495,515$722,935$561,180$1,223,459
40$1,564,863$675,164$496,785$1,240,338
41$1,638,664$622,432$427,613$1,257,625
42$1,717,289$564,413$353,419$1,275,407
43$1,801,146$500,763$273,952$1,293,786
44$1,890,680$431,117$188,947$1,312,878
45$1,986,380$355,092$98,127$1,332,820
46$2,088,781$272,282$1,205$1,353,764
47$2,198,471$182,258$0$1,375,889
48$2,316,093$84,566$0$1,417,941
49$2,442,353$0$0$1,463,045
50$2,578,028$0$0$1,517,856
51$2,723,968$0$0$1,604,903
52$2,881,107$0$0$1,698,694
53$3,050,473$0$0$1,799,848
54$3,233,192$0$0$1,909,050
55$3,430,503$0$0$2,027,046
56$3,643,767$0$0$2,154,662
57$3,874,479$0$0$2,292,801
58$4,124,284$0$0$2,442,459
59$4,394,989$0$0$2,604,729
60$4,688,582$0$0$2,780,815
61$5,007,249$0$0$2,972,039
62$5,353,393$0$0$3,179,857
63$5,729,659$0$0$3,405,870
64$6,138,956$0$0$3,651,838
65$6,584,485$0$0$3,919,701
66$7,069,768$0$0$4,211,589
67$7,598,679$0$0$4,529,850
68$8,175,486$0$0$4,877,068
69$8,804,881$0$0$5,256,084
70$9,492,033$0$0$5,670,030
71$10,242,630$0$0$6,122,349
72$11,062,933$0$0$6,616,835
73$11,959,837$0$0$7,157,664
74$12,940,933$0$0$7,749,433
75$14,014,578$0$0$8,397,207
76$15,189,976$0$0$9,106,559
77$16,477,260$0$0$9,883,629
78$17,887,592$0$0$10,735,179
79$19,433,261$0$0$11,668,654
80$21,127,804$0$0$12,692,257
81$22,986,129$0$0$13,815,019
82$25,024,658$0$0$15,046,889
83$27,261,475$0$0$16,398,827
84$29,716,504$0$0$17,882,903
85$32,411,687$0$0$19,512,413
86$35,371,199$0$0$21,302,005
87$38,621,666$0$0$23,267,814
88$42,192,424$0$0$25,427,616
89$46,115,786$0$0$27,800,991
90$50,427,352$0$0$30,409,513
91$55,166,343$0$0$33,276,949
92$60,375,965$0$0$36,429,481
93$66,103,823$0$0$39,895,957
94$72,402,362$0$0$43,708,160
95$79,329,365$0$0$47,901,107
96$86,948,493$0$0$52,513,377
97$95,329,890$0$0$57,587,479
98$104,550,838$0$0$63,170,249
99$114,696,487$0$0$69,313,289
100$125,860,659$0$0$76,073,460