Can I retire at age 30 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$76,716$76,033$75,366$74,715$74,080$72,084
2 years$37,978$37,271$36,585$35,921$35,276$33,280
3 years$25,067$24,357$23,673$23,015$22,381$20,446
4 years$18,613$17,905$17,228$16,581$15,962$14,104
5 years$14,742$14,038$13,370$12,736$12,134$10,358
6 years$12,161$11,463$10,805$10,185$9,601$7,909
7 years$10,319$9,626$8,979$8,374$7,808$6,200
8 years$8,938$8,252$7,615$7,024$6,478$4,952
9 years$7,865$7,185$6,559$5,983$5,455$4,010
10 years$7,006$6,333$5,718$5,158$4,648$3,283
11 years$6,304$5,638$5,034$4,489$3,998$2,710
12 years$5,720$5,060$4,467$3,937$3,464$2,251
13 years$5,226$4,573$3,991$3,476$3,021$1,880
14 years$4,803$4,157$3,586$3,086$2,648$1,577
15 years$4,436$3,797$3,238$2,752$2,332$1,328
16 years$4,116$3,484$2,936$2,464$2,061$1,121
17 years$3,833$3,208$2,671$2,214$1,827$949
18 years$3,583$2,965$2,439$1,995$1,625$805
19 years$3,359$2,748$2,232$1,803$1,448$684
20 years$3,157$2,553$2,049$1,633$1,293$582
21 years$2,975$2,378$1,884$1,482$1,157$495
22 years$2,810$2,220$1,737$1,347$1,037$422
23 years$2,660$2,076$1,604$1,227$931$360
24 years$2,522$1,945$1,483$1,119$837$308
25 years$2,395$1,826$1,374$1,022$753$263
26 years$2,278$1,716$1,274$934$678$225
27 years$2,171$1,615$1,183$855$612$192
28 years$2,071$1,522$1,100$784$552$165
29 years$1,978$1,435$1,023$719$498$141
30 years$1,891$1,356$953$660$450$121
31 years$1,810$1,282$889$606$407$103
32 years$1,735$1,213$829$557$368$88
33 years$1,664$1,148$774$512$333$76
34 years$1,597$1,088$723$471$302$65
35 years$1,534$1,032$676$434$273$56
36 years$1,475$980$633$399$248$48
37 years$1,420$931$592$368$224$41
38 years$1,367$884$555$339$203$35
39 years$1,317$841$520$313$185$30
40 years$1,270$800$487$288$167$26
41 years$1,225$762$457$266$152$22
42 years$1,183$725$428$246$138$19
43 years$1,142$691$402$227$125$16
44 years$1,104$659$377$209$114$14
45 years$1,067$628$354$193$103$12
46 years$1,032$599$333$179$94$10
47 years$999$572$313$165$85$9
48 years$967$546$294$152$77$8
49 years$936$521$276$141$70$6
50 years$907$498$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $929,000, adding $4,443 every year, while hoping to spend $21,290 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: 63/22/15 Blend
29$929,000$929,000$929,000$929,000
30$1,028,341$979,104$964,704$1,089,080
31$1,110,579$1,004,428$974,370$1,155,698
32$1,200,492$1,030,279$983,645$1,225,582
33$1,298,841$1,056,660$992,495$1,301,381
34$1,406,461$1,083,576$1,000,883$1,383,670
35$1,524,276$1,111,026$1,008,768$1,473,084
36$1,653,300$1,139,015$1,016,110$1,570,322
37$1,794,651$1,167,541$1,022,864$1,676,154
38$1,949,561$1,196,606$1,028,985$1,791,427
39$2,119,385$1,226,208$1,034,425$1,917,074
40$2,305,616$1,256,346$1,039,132$2,054,126
41$2,509,900$1,287,018$1,043,054$2,203,714
42$2,734,047$1,318,220$1,046,134$2,367,086
43$2,980,054$1,349,947$1,048,313$2,545,619
44$3,250,119$1,382,193$1,049,531$2,740,828
45$3,546,662$1,414,951$1,049,721$2,954,381
46$3,872,351$1,448,213$1,048,816$3,188,118
47$4,230,124$1,481,969$1,046,745$3,444,065
48$4,623,218$1,516,207$1,043,432$3,724,456
49$5,055,198$1,550,913$1,038,799$4,031,751
50$5,529,994$1,586,073$1,032,764$4,368,661
51$6,051,932$1,621,670$1,025,241$4,738,174
52$6,625,781$1,657,684$1,016,138$5,143,581
53$7,256,795$1,694,094$1,005,363$5,588,510
54$7,950,760$1,730,876$992,814$6,076,958
55$8,714,053$1,768,005$978,389$6,613,331
56$9,553,700$1,805,451$961,979$7,202,482
57$10,477,441$1,843,182$943,469$7,849,761
58$11,493,806$1,881,164$922,742$8,561,063
59$12,612,192$1,919,359$899,671$9,342,884
60$13,842,953$1,957,724$874,127$10,202,382
61$15,197,497$1,996,216$845,973$11,147,447
62$16,688,396$2,034,784$815,067$12,186,773
63$18,329,500$2,073,376$781,260$13,329,940
64$20,136,071$2,111,934$744,394$14,587,508
65$22,124,927$2,150,396$704,308$15,971,112
66$24,314,599$2,188,694$660,831$17,493,575
67$26,725,503$2,226,756$613,785$19,169,030
68$29,380,141$2,264,503$562,983$21,013,049
69$32,303,304$2,301,853$508,232$23,042,796
70$35,522,311$2,338,713$449,328$25,277,184
71$39,067,265$2,374,988$386,058$27,737,059
72$42,971,337$2,410,574$318,202$30,445,390
73$47,271,080$2,445,358$245,528$33,427,494
74$52,006,771$2,479,221$167,794$36,711,270
75$57,222,795$2,512,037$84,749$40,327,462
76$62,968,060$2,543,667$0$44,309,955
77$69,296,461$2,573,966$0$48,696,709
78$76,267,388$2,602,778$0$53,542,771
79$83,946,284$2,629,936$0$58,879,960
80$92,405,265$2,655,263$0$64,758,300
81$101,723,801$2,678,570$0$71,232,921
82$111,989,464$2,699,655$0$78,364,574
83$123,298,754$2,718,302$0$86,220,204
84$135,758,011$2,734,284$0$94,873,589
85$149,484,421$2,747,357$0$104,406,026
86$164,607,116$2,757,261$0$114,907,109
87$181,268,398$2,763,723$0$126,475,566
88$199,625,077$2,766,448$0$139,220,200
89$219,849,959$2,765,128$0$153,260,908
90$242,133,466$2,759,430$0$168,729,818
91$266,685,444$2,749,007$0$185,772,535
92$293,737,136$2,733,485$0$204,549,517
93$323,543,368$2,712,470$0$225,237,587
94$356,384,955$2,685,545$0$248,031,608
95$392,571,350$2,652,265$0$273,146,316
96$432,443,563$2,612,161$0$300,818,354
97$476,377,384$2,564,736$0$331,308,503
98$524,786,930$2,509,460$0$364,904,143
99$578,128,549$2,445,776$0$401,921,972
100$636,905,134$2,373,093$0$442,710,989