Can I retire at age 30 with 928,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$76,633$75,951$75,285$74,635$74,000$71,064
2 years$37,937$37,231$36,546$35,882$35,238$32,316
3 years$25,040$24,331$23,648$22,990$22,357$19,541
4 years$18,593$17,886$17,209$16,563$15,945$13,258
5 years$14,726$14,023$13,355$12,722$12,121$9,568
6 years$12,148$11,450$10,793$10,174$9,591$7,175
7 years$10,308$9,616$8,969$8,364$7,800$5,519
8 years$8,929$8,243$7,606$7,017$6,471$4,323
9 years$7,856$7,177$6,551$5,977$5,449$3,431
10 years$6,999$6,326$5,712$5,152$4,643$2,751
11 years$6,298$5,632$5,028$4,484$3,993$2,223
12 years$5,714$5,055$4,463$3,933$3,460$1,807
13 years$5,220$4,568$3,987$3,472$3,018$1,476
14 years$4,797$4,152$3,582$3,082$2,645$1,210
15 years$4,431$3,793$3,234$2,749$2,329$995
16 years$4,111$3,480$2,933$2,461$2,058$820
17 years$3,829$3,205$2,668$2,211$1,825$677
18 years$3,579$2,962$2,436$1,993$1,623$561
19 years$3,355$2,745$2,230$1,801$1,446$464
20 years$3,154$2,551$2,047$1,631$1,292$385
21 years$2,972$2,376$1,882$1,480$1,156$320
22 years$2,807$2,218$1,735$1,346$1,036$266
23 years$2,657$2,074$1,602$1,226$930$221
24 years$2,519$1,943$1,482$1,118$836$184
25 years$2,393$1,824$1,372$1,021$752$153
26 years$2,276$1,714$1,273$933$678$127
27 years$2,168$1,613$1,182$854$611$106
28 years$2,068$1,520$1,099$783$551$88
29 years$1,975$1,434$1,022$718$498$74
30 years$1,889$1,354$952$659$450$61
31 years$1,808$1,280$888$605$407$51
32 years$1,733$1,211$828$556$368$43
33 years$1,662$1,147$773$511$333$36
34 years$1,595$1,087$723$471$301$30
35 years$1,533$1,031$676$433$273$25
36 years$1,474$979$632$399$247$21
37 years$1,418$930$592$368$224$17
38 years$1,366$883$554$339$203$14
39 years$1,316$840$519$312$184$12
40 years$1,269$799$486$288$167$10
41 years$1,224$761$456$266$152$8
42 years$1,181$725$428$245$138$7
43 years$1,141$690$402$226$125$6
44 years$1,103$658$377$209$113$5
45 years$1,066$628$354$193$103$4
46 years$1,031$599$332$178$93$3
47 years$998$571$312$165$85$3
48 years$966$545$293$152$77$2
49 years$935$521$276$141$70$2
50 years$906$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $928,000, adding $3,658 every year, while hoping to spend $32,904 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: 41/48/11 Blend
29$928,000$928,000$928,000$928,000
30$1,026,429$977,245$962,861$1,065,026
31$1,096,115$990,121$960,107$1,105,359
32$1,171,807$1,002,524$956,159$1,145,430
33$1,254,081$1,014,398$950,940$1,188,067
34$1,343,574$1,025,680$944,373$1,233,517
35$1,440,985$1,036,305$936,376$1,282,054
36$1,547,083$1,046,202$926,863$1,333,979
37$1,662,716$1,055,296$915,743$1,389,628
38$1,788,815$1,063,507$902,922$1,449,370
39$1,926,405$1,070,750$888,301$1,513,616
40$2,076,617$1,076,935$871,777$1,582,818
41$2,240,692$1,081,965$853,242$1,657,477
42$2,419,999$1,085,738$832,582$1,738,146
43$2,616,045$1,088,145$809,679$1,825,438
44$2,830,486$1,089,069$784,409$1,920,030
45$3,065,151$1,088,388$756,641$2,022,671
46$3,322,049$1,085,972$726,241$2,134,187
47$3,603,394$1,081,681$693,067$2,255,494
48$3,911,625$1,075,368$656,970$2,387,602
49$4,249,428$1,066,878$617,795$2,531,628
50$4,619,759$1,056,044$575,380$2,688,807
51$5,025,876$1,042,692$529,557$2,860,503
52$5,471,366$1,026,634$480,148$3,048,224
53$5,960,181$1,007,675$426,968$3,253,634
54$6,496,673$985,605$369,826$3,478,574
55$7,085,637$960,203$308,518$3,725,074
56$7,732,353$931,234$242,835$3,995,381
57$8,442,641$898,452$172,557$4,291,972
58$9,222,907$861,593$97,455$4,617,585
59$10,080,213$820,381$17,289$4,975,244
60$11,022,336$774,521$0$5,368,286
61$12,057,845$723,703$0$5,808,410
62$13,196,179$667,598$0$6,294,357
63$14,447,739$605,861$0$6,828,622
64$15,823,983$538,122$0$7,416,196
65$17,337,535$463,996$0$8,062,588
66$19,002,304$383,072$0$8,773,876
67$20,833,614$294,918$0$9,556,765
68$22,848,349$199,075$0$10,418,654
69$25,065,113$95,063$0$11,367,705
70$27,504,404$0$0$12,412,922
71$30,188,805$0$0$13,573,550
72$33,143,203$0$0$14,906,316
73$36,395,016$0$0$16,373,394
74$39,974,457$0$0$17,988,433
75$43,914,816$0$0$19,766,472
76$48,252,775$0$0$21,724,082
77$53,028,753$0$0$23,879,524
78$58,287,288$0$0$26,252,917
79$64,077,456$0$0$28,866,434
80$70,453,335$0$0$31,744,505
81$77,474,512$0$0$34,914,050
82$85,206,650$0$0$38,404,734
83$93,722,103$0$0$42,249,246
84$103,100,600$0$0$46,483,606
85$113,429,997$0$0$51,147,506
86$124,807,107$0$0$56,284,685
87$137,338,610$0$0$61,943,341
88$151,142,063$0$0$68,176,584
89$166,347,009$0$0$75,042,941
90$183,096,195$0$0$82,606,905
91$201,546,925$0$0$90,939,546
92$221,872,539$0$0$100,119,178
93$244,264,052$0$0$110,232,103
94$268,931,956$0$0$121,373,420
95$296,108,205$0$0$133,647,927
96$326,048,404$0$0$147,171,108
97$359,034,225$0$0$162,070,222
98$395,376,058$0$0$178,485,508
99$435,415,950$0$0$196,571,503
100$479,530,824$0$0$216,498,504