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%16.3%
1 years$76,633$75,951$75,285$74,635$74,000$72,094
2 years$37,937$37,231$36,546$35,882$35,238$33,331
3 years$25,040$24,331$23,648$22,990$22,357$20,507
4 years$18,593$17,886$17,209$16,563$15,945$14,168
5 years$14,726$14,023$13,355$12,722$12,121$10,421
6 years$12,148$11,450$10,793$10,174$9,591$7,970
7 years$10,308$9,616$8,969$8,364$7,800$6,258
8 years$8,929$8,243$7,606$7,017$6,471$5,007
9 years$7,856$7,177$6,551$5,977$5,449$4,063
10 years$6,999$6,326$5,712$5,152$4,643$3,332
11 years$6,298$5,632$5,028$4,484$3,993$2,755
12 years$5,714$5,055$4,463$3,933$3,460$2,294
13 years$5,220$4,568$3,987$3,472$3,018$1,920
14 years$4,797$4,152$3,582$3,082$2,645$1,614
15 years$4,431$3,793$3,234$2,749$2,329$1,361
16 years$4,111$3,480$2,933$2,461$2,058$1,152
17 years$3,829$3,205$2,668$2,211$1,825$977
18 years$3,579$2,962$2,436$1,993$1,623$830
19 years$3,355$2,745$2,230$1,801$1,446$707
20 years$3,154$2,551$2,047$1,631$1,292$603
21 years$2,972$2,376$1,882$1,480$1,156$515
22 years$2,807$2,218$1,735$1,346$1,036$440
23 years$2,657$2,074$1,602$1,226$930$376
24 years$2,519$1,943$1,482$1,118$836$322
25 years$2,393$1,824$1,372$1,021$752$276
26 years$2,276$1,714$1,273$933$678$236
27 years$2,168$1,613$1,182$854$611$203
28 years$2,068$1,520$1,099$783$551$174
29 years$1,975$1,434$1,022$718$498$149
30 years$1,889$1,354$952$659$450$128
31 years$1,808$1,280$888$605$407$110
32 years$1,733$1,211$828$556$368$94
33 years$1,662$1,147$773$511$333$81
34 years$1,595$1,087$723$471$301$70
35 years$1,533$1,031$676$433$273$60
36 years$1,474$979$632$399$247$51
37 years$1,418$930$592$368$224$44
38 years$1,366$883$554$339$203$38
39 years$1,316$840$519$312$184$33
40 years$1,269$799$486$288$167$28
41 years$1,224$761$456$266$152$24
42 years$1,181$725$428$245$138$21
43 years$1,141$690$402$226$125$18
44 years$1,103$658$377$209$113$15
45 years$1,066$628$354$193$103$13
46 years$1,031$599$332$178$93$11
47 years$998$571$312$165$85$10
48 years$966$545$293$152$77$8
49 years$935$521$276$141$70$7
50 years$906$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $928,000, adding $4,144 every year, while hoping to spend $30,230 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: 53/36/11 Blend
29$928,000$928,000$928,000$928,000
30$1,026,931$977,747$963,363$1,078,223
31$1,099,513$993,492$963,471$1,129,321
32$1,178,486$1,008,995$962,569$1,181,274
33$1,264,468$1,024,213$960,593$1,237,094
34$1,358,143$1,039,099$957,472$1,297,154
35$1,460,261$1,053,602$953,134$1,361,864
36$1,571,648$1,067,669$947,504$1,431,680
37$1,693,213$1,081,241$940,503$1,507,100
38$1,825,958$1,094,259$932,047$1,588,677
39$1,970,983$1,106,655$922,048$1,677,020
40$2,129,503$1,118,361$910,416$1,772,801
41$2,302,852$1,129,301$897,055$1,876,761
42$2,492,502$1,139,395$881,865$1,989,717
43$2,700,070$1,148,558$864,740$2,112,570
44$2,927,341$1,156,701$845,572$2,246,317
45$3,176,276$1,163,726$824,246$2,392,053
46$3,449,039$1,169,532$800,641$2,550,990
47$3,748,011$1,174,008$774,632$2,724,462
48$4,075,813$1,177,040$746,088$2,913,944
49$4,435,335$1,178,504$714,870$3,121,060
50$4,829,757$1,178,269$680,837$3,347,601
51$5,262,584$1,176,196$643,837$3,595,547
52$5,737,676$1,172,137$603,713$3,867,077
53$6,259,283$1,165,936$560,302$4,164,596
54$6,832,090$1,157,427$513,432$4,490,759
55$7,461,256$1,146,433$462,924$4,848,492
56$8,152,463$1,132,768$408,591$5,241,022
57$8,911,974$1,116,233$350,239$5,671,909
58$9,746,685$1,096,619$287,662$6,145,081
59$10,664,197$1,073,703$220,648$6,664,866
60$11,672,880$1,047,249$148,975$7,236,042
61$12,781,958$1,017,009$72,410$7,863,873
62$14,001,593$982,717$0$8,554,170
63$15,342,981$944,096$0$9,314,427
64$16,818,457$900,849$0$10,159,757
65$18,441,613$852,663$0$11,089,472
66$20,227,421$799,208$0$12,112,193
67$22,192,383$740,134$0$13,237,425
68$24,354,676$675,070$0$14,475,644
69$26,734,331$603,626$0$15,838,404
70$29,353,418$525,390$0$17,338,436
71$32,236,256$439,923$0$18,989,781
72$35,409,641$346,766$0$20,807,914
73$38,903,097$245,430$0$22,809,895
74$42,749,158$135,402$0$25,014,532
75$46,983,673$16,138$0$27,442,557
76$51,646,143$0$0$30,116,823
77$56,780,094$0$0$33,107,264
78$62,433,488$0$0$36,407,431
79$68,659,176$0$0$40,041,795
80$75,515,395$0$0$44,044,371
81$83,066,317$0$0$48,452,636
82$91,382,655$0$0$53,307,890
83$100,542,333$0$0$58,655,642
84$110,631,216$0$0$64,546,041
85$121,743,922$0$0$71,034,347
86$133,984,716$0$0$78,181,456
87$147,468,492$0$0$86,054,470
88$162,321,860$0$0$94,727,335
89$178,684,337$0$0$104,281,534
90$196,709,663$0$0$114,806,860
91$216,567,259$0$0$126,402,261
92$238,443,815$0$0$139,176,773
93$262,545,060$0$0$153,250,551
94$289,097,702$0$0$168,756,005
95$318,351,565$0$0$185,839,042
96$350,581,947$0$0$204,660,452
97$386,092,221$0$0$225,397,419
98$425,216,697$0$0$248,245,197
99$468,323,777$0$0$273,418,951
100$515,819,431$0$0$301,155,790