Can I retire at age 30 with 929,000?

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 $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%
1 years$76,716$76,033$75,366$74,715$74,080$72,260
2 years$37,978$37,271$36,585$35,921$35,276$33,454
3 years$25,067$24,357$23,673$23,015$22,381$20,613
4 years$18,613$17,905$17,228$16,581$15,962$14,262
5 years$14,742$14,038$13,370$12,736$12,134$10,507
6 years$12,161$11,463$10,805$10,185$9,601$8,049
7 years$10,319$9,626$8,979$8,374$7,808$6,331
8 years$8,938$8,252$7,615$7,024$6,478$5,074
9 years$7,865$7,185$6,559$5,983$5,455$4,125
10 years$7,006$6,333$5,718$5,158$4,648$3,389
11 years$6,304$5,638$5,034$4,489$3,998$2,808
12 years$5,720$5,060$4,467$3,937$3,464$2,342
13 years$5,226$4,573$3,991$3,476$3,021$1,964
14 years$4,803$4,157$3,586$3,086$2,648$1,655
15 years$4,436$3,797$3,238$2,752$2,332$1,399
16 years$4,116$3,484$2,936$2,464$2,061$1,186
17 years$3,833$3,208$2,671$2,214$1,827$1,008
18 years$3,583$2,965$2,439$1,995$1,625$859
19 years$3,359$2,748$2,232$1,803$1,448$733
20 years$3,157$2,553$2,049$1,633$1,293$626
21 years$2,975$2,378$1,884$1,482$1,157$536
22 years$2,810$2,220$1,737$1,347$1,037$459
23 years$2,660$2,076$1,604$1,227$931$394
24 years$2,522$1,945$1,483$1,119$837$338
25 years$2,395$1,826$1,374$1,022$753$290
26 years$2,278$1,716$1,274$934$678$249
27 years$2,171$1,615$1,183$855$612$214
28 years$2,071$1,522$1,100$784$552$184
29 years$1,978$1,435$1,023$719$498$158
30 years$1,891$1,356$953$660$450$136
31 years$1,810$1,282$889$606$407$117
32 years$1,735$1,213$829$557$368$101
33 years$1,664$1,148$774$512$333$87
34 years$1,597$1,088$723$471$302$75
35 years$1,534$1,032$676$434$273$64
36 years$1,475$980$633$399$248$56
37 years$1,420$931$592$368$224$48
38 years$1,367$884$555$339$203$41
39 years$1,317$841$520$313$185$36
40 years$1,270$800$487$288$167$31
41 years$1,225$762$457$266$152$26
42 years$1,183$725$428$246$138$23
43 years$1,142$691$402$227$125$20
44 years$1,104$659$377$209$114$17
45 years$1,067$628$354$193$103$15
46 years$1,032$599$333$179$94$13
47 years$999$572$313$165$85$11
48 years$967$546$294$152$77$9
49 years$936$521$276$141$70$8
50 years$907$498$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $929,000, adding $6,562 every year, while hoping to spend $49,871 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: 52/31/17 Blend
29$929,000$929,000$929,000$929,000
30$1,030,527$981,290$966,890$1,079,016
31$1,082,578$976,311$946,219$1,108,015
32$1,138,267$969,416$923,183$1,133,762
33$1,197,913$960,459$897,652$1,160,670
34$1,261,863$949,286$869,487$1,188,866
35$1,330,502$935,730$838,544$1,218,490
36$1,404,251$919,617$804,672$1,249,700
37$1,483,569$900,764$767,714$1,282,672
38$1,568,965$878,973$727,504$1,317,606
39$1,660,995$854,038$683,870$1,354,721
40$1,760,269$825,739$636,633$1,394,265
41$1,867,460$793,843$585,603$1,436,516
42$1,983,305$758,105$530,585$1,481,780
43$2,108,615$718,266$471,373$1,530,403
44$2,244,282$674,048$407,752$1,582,767
45$2,391,285$625,163$339,498$1,639,302
46$2,550,702$571,302$266,377$1,700,483
47$2,723,718$512,141$188,145$1,766,842
48$2,911,637$447,335$104,547$1,838,968
49$3,115,891$376,522$15,317$1,917,518
50$3,338,058$299,318$0$2,003,223
51$3,579,873$215,317$0$2,111,388
52$3,843,246$124,093$0$2,232,330
53$4,130,276$25,193$0$2,364,322
54$4,443,276$0$0$2,508,534
55$4,784,792$0$0$2,694,186
56$5,157,623$0$0$2,906,331
57$5,564,854$0$0$3,138,141
58$6,009,879$0$0$3,391,560
59$6,496,435$0$0$3,668,727
60$7,028,637$0$0$3,971,999
61$7,611,014$0$0$4,303,971
62$8,248,555$0$0$4,667,498
63$8,946,754$0$0$5,065,727
64$9,711,661$0$0$5,502,124
65$10,549,936$0$0$5,980,503
66$11,468,917$0$0$6,505,068
67$12,476,685$0$0$7,080,446
68$13,582,141$0$0$7,711,737
69$14,795,088$0$0$8,404,556
70$16,126,323$0$0$9,165,088
71$17,587,742$0$0$10,000,147
72$19,192,447$0$0$10,917,239
73$20,954,870$0$0$11,924,633
74$22,890,911$0$0$13,031,437
75$25,018,086$0$0$14,247,685
76$27,355,690$0$0$15,584,432
77$29,924,981$0$0$17,053,857
78$32,749,378$0$0$18,669,378
79$35,854,684$0$0$20,445,777
80$39,269,324$0$0$22,399,340
81$43,024,618$0$0$24,548,011
82$47,155,071$0$0$26,911,561
83$51,698,701$0$0$29,511,773
84$56,697,397$0$0$32,372,645
85$62,197,311$0$0$35,520,623
86$68,249,294$0$0$38,984,843
87$74,909,378$0$0$42,797,408
88$82,239,297$0$0$46,993,692
89$90,307,077$0$0$51,612,672
90$99,187,671$0$0$56,697,295
91$108,963,667$0$0$62,294,884
92$119,726,068$0$0$68,457,582
93$131,575,151$0$0$75,242,848
94$144,621,405$0$0$82,713,992
95$158,986,584$0$0$90,940,778
96$174,804,846$0$0$100,000,081
97$192,224,021$0$0$109,976,607
98$211,407,009$0$0$120,963,700
99$232,533,309$0$0$133,064,215
100$255,800,720$0$0$146,391,492