Can I retire at age 30 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$76,633$75,951$75,285$74,635$74,000$72,655
2 years$37,937$37,231$36,546$35,882$35,238$33,887
3 years$25,040$24,331$23,648$22,990$22,357$21,043
4 years$18,593$17,886$17,209$16,563$15,945$14,678
5 years$14,726$14,023$13,355$12,722$12,121$10,905
6 years$12,148$11,450$10,793$10,174$9,591$8,427
7 years$10,308$9,616$8,969$8,364$7,800$6,688
8 years$8,929$8,243$7,606$7,017$6,471$5,411
9 years$7,856$7,177$6,551$5,977$5,449$4,441
10 years$6,999$6,326$5,712$5,152$4,643$3,685
11 years$6,298$5,632$5,028$4,484$3,993$3,084
12 years$5,714$5,055$4,463$3,933$3,460$2,599
13 years$5,220$4,568$3,987$3,472$3,018$2,203
14 years$4,797$4,152$3,582$3,082$2,645$1,876
15 years$4,431$3,793$3,234$2,749$2,329$1,604
16 years$4,111$3,480$2,933$2,461$2,058$1,375
17 years$3,829$3,205$2,668$2,211$1,825$1,183
18 years$3,579$2,962$2,436$1,993$1,623$1,019
19 years$3,355$2,745$2,230$1,801$1,446$880
20 years$3,154$2,551$2,047$1,631$1,292$761
21 years$2,972$2,376$1,882$1,480$1,156$660
22 years$2,807$2,218$1,735$1,346$1,036$572
23 years$2,657$2,074$1,602$1,226$930$497
24 years$2,519$1,943$1,482$1,118$836$431
25 years$2,393$1,824$1,372$1,021$752$375
26 years$2,276$1,714$1,273$933$678$327
27 years$2,168$1,613$1,182$854$611$284
28 years$2,068$1,520$1,099$783$551$248
29 years$1,975$1,434$1,022$718$498$216
30 years$1,889$1,354$952$659$450$188
31 years$1,808$1,280$888$605$407$164
32 years$1,733$1,211$828$556$368$143
33 years$1,662$1,147$773$511$333$125
34 years$1,595$1,087$723$471$301$109
35 years$1,533$1,031$676$433$273$95
36 years$1,474$979$632$399$247$83
37 years$1,418$930$592$368$224$73
38 years$1,366$883$554$339$203$63
39 years$1,316$840$519$312$184$55
40 years$1,269$799$486$288$167$48
41 years$1,224$761$456$266$152$42
42 years$1,181$725$428$245$138$37
43 years$1,141$690$402$226$125$32
44 years$1,103$658$377$209$113$28
45 years$1,066$628$354$193$103$25
46 years$1,031$599$332$178$93$22
47 years$998$571$312$165$85$19
48 years$966$545$293$152$77$16
49 years$935$521$276$141$70$14
50 years$906$497$259$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $928,000, adding $5,137 every year, while hoping to spend $55,536 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: 57/17/26 Blend
29$928,000$928,000$928,000$928,000
30$1,027,955$978,771$964,387$1,078,986
31$1,073,716$967,641$937,604$1,103,389
32$1,122,284$954,104$908,062$1,123,685
33$1,173,886$937,984$875,611$1,144,648
34$1,228,771$919,093$840,093$1,166,359
35$1,287,211$897,235$801,341$1,188,910
36$1,349,505$872,197$759,185$1,212,405
37$1,415,979$843,760$713,442$1,236,961
38$1,486,992$811,687$663,925$1,262,710
39$1,562,935$775,730$610,437$1,289,802
40$1,644,239$735,625$552,771$1,318,404
41$1,731,376$691,095$490,713$1,348,707
42$1,824,862$641,845$424,038$1,380,921
43$1,925,266$587,563$352,511$1,415,285
44$2,033,210$527,921$275,888$1,452,067
45$2,149,379$462,570$193,911$1,491,565
46$2,274,524$391,145$106,316$1,534,114
47$2,409,470$313,255$12,822$1,580,089
48$2,555,123$228,492$0$1,629,908
49$2,712,479$136,421$0$1,708,160
50$2,882,633$36,587$0$1,796,607
51$3,066,787$0$0$1,892,358
52$3,266,263$0$0$2,009,525
53$3,482,516$0$0$2,144,035
54$3,717,144$0$0$2,290,045
55$3,971,906$0$0$2,448,659
56$4,248,736$0$0$2,621,089
57$4,549,760$0$0$2,808,672
58$4,877,320$0$0$3,012,875
59$5,233,990$0$0$3,235,315
60$5,622,606$0$0$3,477,770
61$6,046,285$0$0$3,742,199
62$6,508,459$0$0$4,030,754
63$7,012,907$0$0$4,345,808
64$7,563,788$0$0$4,689,970
65$8,165,678$0$0$5,066,115
66$8,823,618$0$0$5,477,407
67$9,543,157$0$0$5,927,329
68$10,330,404$0$0$6,419,716
69$11,192,086$0$0$6,958,793
70$12,135,612$0$0$7,549,210
71$13,169,137$0$0$8,196,089
72$14,301,647$0$0$8,905,070
73$15,543,035$0$0$9,682,367
74$16,904,196$0$0$10,534,820
75$18,397,133$0$0$11,469,967
76$20,035,063$0$0$12,496,108
77$21,832,548$0$0$13,622,385
78$23,805,624$0$0$14,858,870
79$25,971,957$0$0$16,216,657
80$28,351,009$0$0$17,707,968
81$30,964,216$0$0$19,346,264
82$33,835,194$0$0$21,146,377
83$36,989,960$0$0$23,124,645
84$40,457,175$0$0$25,299,069
85$44,268,414$0$0$27,689,479
86$48,458,464$0$0$30,317,723
87$53,065,652$0$0$33,207,872
88$58,132,203$0$0$36,386,444
89$63,704,638$0$0$39,882,659
90$69,834,214$0$0$43,728,709
91$76,577,406$0$0$47,960,063
92$83,996,437$0$0$52,615,803
93$92,159,865$0$0$57,738,989
94$101,143,230$0$0$63,377,065
95$111,029,765$0$0$69,582,309
96$121,911,179$0$0$76,412,323
97$133,888,523$0$0$83,930,575
98$147,073,142$0$0$92,207,001
99$161,587,723$0$0$101,318,662
100$177,567,456$0$0$111,350,468