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%14.9%
1 years$76,303$75,623$74,960$74,313$73,681$72,193
2 years$37,774$37,070$36,388$35,727$35,086$33,594
3 years$24,932$24,226$23,546$22,891$22,260$20,810
4 years$18,513$17,809$17,135$16,492$15,876$14,479
5 years$14,662$13,962$13,298$12,667$12,069$10,729
6 years$12,096$11,401$10,747$10,130$9,550$8,268
7 years$10,264$9,575$8,930$8,328$7,766$6,544
8 years$8,890$8,207$7,574$6,987$6,443$5,279
9 years$7,822$7,146$6,523$5,951$5,426$4,319
10 years$6,968$6,299$5,687$5,130$4,623$3,573
11 years$6,270$5,607$5,007$4,464$3,976$2,981
12 years$5,689$5,033$4,443$3,916$3,446$2,505
13 years$5,198$4,548$3,970$3,457$3,005$2,116
14 years$4,777$4,134$3,567$3,069$2,634$1,796
15 years$4,412$3,777$3,221$2,737$2,319$1,530
16 years$4,094$3,465$2,920$2,451$2,050$1,307
17 years$3,813$3,191$2,657$2,202$1,817$1,120
18 years$3,564$2,949$2,425$1,984$1,616$962
19 years$3,341$2,733$2,220$1,793$1,440$828
20 years$3,140$2,540$2,038$1,624$1,286$713
21 years$2,959$2,366$1,874$1,474$1,151$615
22 years$2,795$2,208$1,728$1,340$1,032$532
23 years$2,645$2,065$1,595$1,220$926$460
24 years$2,508$1,935$1,475$1,113$833$398
25 years$2,382$1,816$1,366$1,017$749$345
26 years$2,266$1,707$1,267$929$675$299
27 years$2,159$1,606$1,177$851$608$259
28 years$2,059$1,513$1,094$779$549$225
29 years$1,967$1,428$1,018$715$496$195
30 years$1,881$1,348$948$656$448$169
31 years$1,800$1,275$884$602$405$147
32 years$1,725$1,206$825$554$366$128
33 years$1,655$1,142$770$509$332$111
34 years$1,589$1,083$720$468$300$97
35 years$1,526$1,027$673$431$272$84
36 years$1,468$975$629$397$246$73
37 years$1,412$926$589$366$223$63
38 years$1,360$880$552$337$202$55
39 years$1,310$836$517$311$184$48
40 years$1,263$796$484$287$166$42
41 years$1,219$758$454$265$151$36
42 years$1,176$721$426$244$137$32
43 years$1,136$687$400$225$124$27
44 years$1,098$655$375$208$113$24
45 years$1,061$625$352$192$102$21
46 years$1,027$596$331$178$93$18
47 years$993$569$311$164$84$16
48 years$962$543$292$152$77$14
49 years$931$519$275$140$70$12
50 years$902$495$258$130$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $924,000, adding $6,927 every year, while hoping to spend $49,074 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: 72/15/13 Blend
29$924,000$924,000$924,000$924,000
30$1,025,393$976,421$962,099$1,095,882
31$1,077,769$972,051$942,115$1,139,121
32$1,133,842$965,823$919,817$1,179,776
33$1,193,939$957,593$895,075$1,222,984
34$1,258,415$947,209$867,754$1,268,986
35$1,327,662$934,511$837,713$1,318,050
36$1,402,111$919,330$804,804$1,370,468
37$1,482,233$901,483$768,872$1,426,568
38$1,568,546$880,781$729,754$1,486,708
39$1,661,619$857,022$687,283$1,551,285
40$1,762,078$829,990$641,281$1,620,739
41$1,870,610$799,459$591,563$1,695,554
42$1,987,969$765,189$537,937$1,776,265
43$2,114,985$726,927$480,202$1,863,464
44$2,252,571$684,403$418,145$1,957,804
45$2,401,729$637,334$351,549$2,060,008
46$2,563,561$585,420$280,182$2,170,871
47$2,739,282$528,343$203,806$2,291,275
48$2,930,225$465,768$122,169$2,422,193
49$3,137,857$397,340$35,011$2,564,696
50$3,363,794$322,685$0$2,719,972
51$3,609,810$241,406$0$2,897,375
52$3,877,863$153,087$0$3,096,011
53$4,170,102$57,285$0$3,312,656
54$4,488,895$0$0$3,549,114
55$4,836,849$0$0$3,815,046
56$5,216,831$0$0$4,115,824
57$5,632,001$0$0$4,444,498
58$6,085,834$0$0$4,803,827
59$6,582,158$0$0$5,196,845
60$7,125,188$0$0$5,626,897
61$7,719,563$0$0$6,097,663
62$8,370,395$0$0$6,613,197
63$9,083,309$0$0$7,177,964
64$9,864,504$0$0$7,796,878
65$10,720,803$0$0$8,475,355
66$11,659,724$0$0$9,219,357
67$12,689,545$0$0$10,035,452
68$13,819,384$0$0$10,930,874
69$15,059,285$0$0$11,913,591
70$16,420,311$0$0$12,992,379
71$17,914,648$0$0$14,176,908
72$19,555,722$0$0$15,477,826
73$21,358,318$0$0$16,906,867
74$23,338,729$0$0$18,476,954
75$25,514,901$0$0$20,202,326
76$27,906,604$0$0$22,098,669
77$30,535,620$0$0$24,183,264
78$33,425,945$0$0$26,475,149
79$36,604,019$0$0$28,995,300
80$40,098,967$0$0$31,766,826
81$43,942,882$0$0$34,815,190
82$48,171,122$0$0$38,168,443
83$52,822,644$0$0$41,857,494
84$57,940,370$0$0$45,916,398
85$63,571,593$0$0$50,382,678
86$69,768,422$0$0$55,297,676
87$76,588,272$0$0$60,706,948
88$84,094,407$0$0$66,660,686
89$92,356,532$0$0$73,214,196
90$101,451,455$0$0$80,428,419
91$111,463,809$0$0$88,370,504
92$122,486,849$0$0$97,114,441
93$134,623,332$0$0$106,741,758
94$147,986,485$0$0$117,342,294
95$162,701,074$0$0$129,015,040
96$178,904,580$0$0$141,869,077
97$196,748,495$0$0$156,024,603
98$216,399,753$0$0$171,614,066
99$238,042,301$0$0$188,783,415
100$261,878,836$0$0$207,693,477