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%13.1%
1 years$76,633$75,951$75,285$74,635$74,000$73,045
2 years$37,937$37,231$36,546$35,882$35,238$34,277
3 years$25,040$24,331$23,648$22,990$22,357$21,420
4 years$18,593$17,886$17,209$16,563$15,945$15,039
5 years$14,726$14,023$13,355$12,722$12,121$11,250
6 years$12,148$11,450$10,793$10,174$9,591$8,754
7 years$10,308$9,616$8,969$8,364$7,800$6,999
8 years$8,929$8,243$7,606$7,017$6,471$5,705
9 years$7,856$7,177$6,551$5,977$5,449$4,718
10 years$6,999$6,326$5,712$5,152$4,643$3,946
11 years$6,298$5,632$5,028$4,484$3,993$3,330
12 years$5,714$5,055$4,463$3,933$3,460$2,830
13 years$5,220$4,568$3,987$3,472$3,018$2,420
14 years$4,797$4,152$3,582$3,082$2,645$2,079
15 years$4,431$3,793$3,234$2,749$2,329$1,793
16 years$4,111$3,480$2,933$2,461$2,058$1,551
17 years$3,829$3,205$2,668$2,211$1,825$1,346
18 years$3,579$2,962$2,436$1,993$1,623$1,171
19 years$3,355$2,745$2,230$1,801$1,446$1,021
20 years$3,154$2,551$2,047$1,631$1,292$892
21 years$2,972$2,376$1,882$1,480$1,156$780
22 years$2,807$2,218$1,735$1,346$1,036$683
23 years$2,657$2,074$1,602$1,226$930$599
24 years$2,519$1,943$1,482$1,118$836$526
25 years$2,393$1,824$1,372$1,021$752$462
26 years$2,276$1,714$1,273$933$678$406
27 years$2,168$1,613$1,182$854$611$358
28 years$2,068$1,520$1,099$783$551$315
29 years$1,975$1,434$1,022$718$498$277
30 years$1,889$1,354$952$659$450$244
31 years$1,808$1,280$888$605$407$215
32 years$1,733$1,211$828$556$368$190
33 years$1,662$1,147$773$511$333$168
34 years$1,595$1,087$723$471$301$148
35 years$1,533$1,031$676$433$273$130
36 years$1,474$979$632$399$247$115
37 years$1,418$930$592$368$224$102
38 years$1,366$883$554$339$203$90
39 years$1,316$840$519$312$184$79
40 years$1,269$799$486$288$167$70
41 years$1,224$761$456$266$152$62
42 years$1,181$725$428$245$138$55
43 years$1,141$690$402$226$125$48
44 years$1,103$658$377$209$113$43
45 years$1,066$628$354$193$103$38
46 years$1,031$599$332$178$93$33
47 years$998$571$312$165$85$29
48 years$966$545$293$152$77$26
49 years$935$521$276$141$70$23
50 years$906$497$259$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $928,000, adding $3,937 every year, while hoping to spend $25,019 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: 69/17/14 Blend
29$928,000$928,000$928,000$928,000
30$1,026,717$977,533$963,149$1,094,038
31$1,104,822$998,812$968,794$1,160,598
32$1,190,055$1,020,295$973,791$1,230,031
33$1,283,118$1,041,966$978,089$1,305,353
34$1,384,780$1,063,807$981,639$1,387,138
35$1,495,891$1,085,798$984,388$1,476,021
36$1,617,387$1,107,916$986,280$1,572,701
37$1,750,296$1,130,140$987,256$1,677,948
38$1,895,752$1,152,442$987,255$1,792,611
39$2,055,002$1,174,796$986,211$1,917,624
40$2,229,421$1,197,170$984,058$2,054,017
41$2,420,523$1,219,531$980,725$2,202,925
42$2,629,973$1,241,845$976,136$2,365,597
43$2,859,608$1,264,073$970,214$2,543,413
44$3,111,449$1,286,174$962,877$2,737,889
45$3,387,723$1,308,103$954,040$2,950,698
46$3,690,883$1,329,811$943,612$3,183,685
47$4,023,629$1,351,248$931,499$3,438,880
48$4,388,938$1,372,359$917,604$3,718,523
49$4,790,088$1,393,083$901,822$4,025,080
50$5,230,690$1,413,357$884,046$4,361,271
51$5,714,722$1,433,113$864,163$4,730,091
52$6,246,566$1,452,277$842,054$5,134,843
53$6,831,050$1,470,773$817,597$5,579,167
54$7,473,491$1,488,515$790,661$6,067,072
55$8,179,751$1,505,416$761,112$6,602,979
56$8,956,284$1,521,380$728,808$7,191,759
57$9,810,203$1,536,306$693,601$7,838,781
58$10,749,343$1,550,084$655,336$8,549,962
59$11,782,339$1,562,601$613,852$9,331,822
60$12,918,702$1,573,732$568,980$10,191,549
61$14,168,912$1,583,348$520,544$11,137,062
62$15,544,518$1,591,309$468,359$12,177,092
63$17,058,242$1,597,466$412,232$13,321,258
64$18,724,104$1,601,664$351,963$14,580,163
65$20,557,551$1,603,733$287,342$15,965,492
66$22,575,602$1,603,497$218,149$17,490,125
67$24,797,011$1,600,766$144,155$19,168,254
68$27,242,443$1,595,341$65,121$21,015,523
69$29,934,668$1,587,008$0$23,049,170
70$32,898,774$1,575,542$0$25,291,068
71$36,162,409$1,560,703$0$27,769,852
72$39,756,035$1,542,238$0$30,498,903
73$43,713,221$1,519,878$0$33,503,697
74$48,070,955$1,493,337$0$36,812,308
75$52,869,995$1,462,313$0$40,455,675
76$58,155,256$1,426,488$0$44,467,891
77$63,976,227$1,385,521$0$48,886,529
78$70,387,445$1,339,054$0$53,752,990
79$77,449,006$1,286,709$0$59,112,904
80$85,227,129$1,228,083$0$65,016,551
81$93,794,789$1,162,751$0$71,519,343
82$103,232,396$1,090,265$0$78,682,342
83$113,628,562$1,010,149$0$86,572,841
84$125,080,929$921,901$0$95,264,997
85$137,697,099$824,989$0$104,840,532
86$151,595,643$718,853$0$115,389,506
87$166,907,222$602,900$0$127,011,163
88$183,775,820$476,503$0$139,814,875
89$202,360,102$339,001$0$153,921,170
90$222,834,915$189,694$0$169,462,872
91$245,392,932$27,845$0$186,586,354
92$270,246,476$0$0$205,452,923
93$297,629,520$0$0$226,267,901
94$327,799,899$0$0$249,207,479
95$361,041,740$0$0$274,482,492
96$397,668,145$0$0$302,331,016
97$438,024,149$0$0$333,015,405
98$482,489,971$0$0$366,824,771
99$531,484,609$0$0$404,077,709
100$585,469,790$0$0$445,125,306