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%17%
1 years$76,716$76,033$75,366$74,715$74,080$71,968
2 years$37,978$37,271$36,585$35,921$35,276$33,165
3 years$25,067$24,357$23,673$23,015$22,381$20,336
4 years$18,613$17,905$17,228$16,581$15,962$14,000
5 years$14,742$14,038$13,370$12,736$12,134$10,260
6 years$12,161$11,463$10,805$10,185$9,601$7,817
7 years$10,319$9,626$8,979$8,374$7,808$6,113
8 years$8,938$8,252$7,615$7,024$6,478$4,872
9 years$7,865$7,185$6,559$5,983$5,455$3,936
10 years$7,006$6,333$5,718$5,158$4,648$3,214
11 years$6,304$5,638$5,034$4,489$3,998$2,646
12 years$5,720$5,060$4,467$3,937$3,464$2,193
13 years$5,226$4,573$3,991$3,476$3,021$1,826
14 years$4,803$4,157$3,586$3,086$2,648$1,528
15 years$4,436$3,797$3,238$2,752$2,332$1,283
16 years$4,116$3,484$2,936$2,464$2,061$1,080
17 years$3,833$3,208$2,671$2,214$1,827$911
18 years$3,583$2,965$2,439$1,995$1,625$770
19 years$3,359$2,748$2,232$1,803$1,448$653
20 years$3,157$2,553$2,049$1,633$1,293$553
21 years$2,975$2,378$1,884$1,482$1,157$470
22 years$2,810$2,220$1,737$1,347$1,037$399
23 years$2,660$2,076$1,604$1,227$931$340
24 years$2,522$1,945$1,483$1,119$837$289
25 years$2,395$1,826$1,374$1,022$753$246
26 years$2,278$1,716$1,274$934$678$210
27 years$2,171$1,615$1,183$855$612$179
28 years$2,071$1,522$1,100$784$552$153
29 years$1,978$1,435$1,023$719$498$130
30 years$1,891$1,356$953$660$450$111
31 years$1,810$1,282$889$606$407$95
32 years$1,735$1,213$829$557$368$81
33 years$1,664$1,148$774$512$333$69
34 years$1,597$1,088$723$471$302$59
35 years$1,534$1,032$676$434$273$50
36 years$1,475$980$633$399$248$43
37 years$1,420$931$592$368$224$37
38 years$1,367$884$555$339$203$31
39 years$1,317$841$520$313$185$27
40 years$1,270$800$487$288$167$23
41 years$1,225$762$457$266$152$20
42 years$1,183$725$428$246$138$17
43 years$1,142$691$402$227$125$14
44 years$1,104$659$377$209$114$12
45 years$1,067$628$354$193$103$10
46 years$1,032$599$333$179$94$9
47 years$999$572$313$165$85$8
48 years$967$546$294$152$77$7
49 years$936$521$276$141$70$6
50 years$907$498$260$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $929,000, adding $2,513 every year, while hoping to spend $36,856 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: 41/42/17 Blend
29$929,000$929,000$929,000$929,000
30$1,026,350$977,113$962,714$1,063,190
31$1,091,823$985,777$955,750$1,098,212
32$1,162,740$993,631$947,318$1,132,316
33$1,239,615$1,000,595$937,329$1,168,450
34$1,323,018$1,006,585$925,691$1,206,817
35$1,413,572$1,011,514$912,308$1,247,644
36$1,511,963$1,015,286$897,078$1,291,180
37$1,618,949$1,017,800$879,896$1,337,706
38$1,735,359$1,018,950$860,649$1,387,528
39$1,862,108$1,018,621$839,224$1,440,991
40$2,000,203$1,016,693$815,497$1,498,475
41$2,150,750$1,013,037$789,343$1,560,400
42$2,314,968$1,007,518$760,628$1,627,236
43$2,494,200$999,991$729,213$1,699,499
44$2,689,920$990,303$694,954$1,777,764
45$2,903,756$978,291$657,699$1,862,667
46$3,137,496$963,784$617,289$1,954,914
47$3,393,110$946,600$573,558$2,055,285
48$3,672,768$926,544$526,333$2,164,645
49$3,978,859$903,413$475,433$2,283,951
50$4,314,012$876,989$420,669$2,414,264
51$4,681,124$847,044$361,844$2,556,756
52$5,083,384$813,335$298,752$2,712,725
53$5,524,305$775,605$231,176$2,883,607
54$6,007,757$733,582$158,893$3,070,993
55$6,538,000$686,979$81,668$3,276,638
56$7,119,728$635,493$0$3,502,488
57$7,758,109$578,801$0$3,750,826
58$8,458,839$516,565$0$4,039,712
59$9,228,189$448,425$0$4,356,992
60$10,073,069$374,003$0$4,705,620
61$11,001,091$292,898$0$5,088,859
62$12,020,639$204,687$0$5,510,310
63$13,140,949$108,922$0$5,973,949
64$14,372,200$5,132$0$6,484,166
65$15,725,600$0$0$7,045,807
66$17,213,501$0$0$7,713,755
67$18,849,510$0$0$8,450,932
68$20,648,620$0$0$9,261,737
69$22,627,348$0$0$10,153,633
70$24,803,891$0$0$11,134,838
71$27,198,302$0$0$12,214,411
72$29,832,671$0$0$13,402,331
73$32,731,341$0$0$14,709,593
74$35,921,131$0$0$16,148,312
75$39,431,592$0$0$17,731,839
76$43,295,284$0$0$19,474,882
77$47,548,086$0$0$21,393,649
78$52,229,530$0$0$23,505,999
79$57,383,174$0$0$25,831,609
80$63,057,016$0$0$28,392,164
81$69,303,944$0$0$31,211,556
82$76,182,234$0$0$34,316,113
83$83,756,103$0$0$37,734,845
84$92,096,309$0$0$41,499,720
85$101,280,825$0$0$45,645,964
86$111,395,568$0$0$50,212,393
87$122,535,215$0$0$55,241,780
88$134,804,090$0$0$60,781,258
89$148,317,154$0$0$66,882,764
90$163,201,087$0$0$73,603,530
91$179,595,481$0$0$81,006,625
92$197,654,163$0$0$89,161,545
93$217,546,638$0$0$98,144,873
94$239,459,695$0$0$108,040,998
95$263,599,169$0$0$118,942,917
96$290,191,878$0$0$130,953,107
97$319,487,769$0$0$144,184,493
98$351,762,276$0$0$158,761,517
99$387,318,915$0$0$174,821,308
100$426,492,153$0$0$192,514,981