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%11.1%
1 years$76,716$76,033$75,366$74,715$74,080$73,737
2 years$37,978$37,271$36,585$35,921$35,276$34,930
3 years$25,067$24,357$23,673$23,015$22,381$22,042
4 years$18,613$17,905$17,228$16,581$15,962$15,633
5 years$14,742$14,038$13,370$12,736$12,134$11,816
6 years$12,161$11,463$10,805$10,185$9,601$9,295
7 years$10,319$9,626$8,979$8,374$7,808$7,514
8 years$8,938$8,252$7,615$7,024$6,478$6,195
9 years$7,865$7,185$6,559$5,983$5,455$5,184
10 years$7,006$6,333$5,718$5,158$4,648$4,388
11 years$6,304$5,638$5,034$4,489$3,998$3,749
12 years$5,720$5,060$4,467$3,937$3,464$3,227
13 years$5,226$4,573$3,991$3,476$3,021$2,794
14 years$4,803$4,157$3,586$3,086$2,648$2,432
15 years$4,436$3,797$3,238$2,752$2,332$2,126
16 years$4,116$3,484$2,936$2,464$2,061$1,865
17 years$3,833$3,208$2,671$2,214$1,827$1,642
18 years$3,583$2,965$2,439$1,995$1,625$1,449
19 years$3,359$2,748$2,232$1,803$1,448$1,281
20 years$3,157$2,553$2,049$1,633$1,293$1,135
21 years$2,975$2,378$1,884$1,482$1,157$1,008
22 years$2,810$2,220$1,737$1,347$1,037$896
23 years$2,660$2,076$1,604$1,227$931$798
24 years$2,522$1,945$1,483$1,119$837$711
25 years$2,395$1,826$1,374$1,022$753$635
26 years$2,278$1,716$1,274$934$678$567
27 years$2,171$1,615$1,183$855$612$507
28 years$2,071$1,522$1,100$784$552$453
29 years$1,978$1,435$1,023$719$498$406
30 years$1,891$1,356$953$660$450$363
31 years$1,810$1,282$889$606$407$326
32 years$1,735$1,213$829$557$368$292
33 years$1,664$1,148$774$512$333$262
34 years$1,597$1,088$723$471$302$235
35 years$1,534$1,032$676$434$273$211
36 years$1,475$980$633$399$248$189
37 years$1,420$931$592$368$224$170
38 years$1,367$884$555$339$203$153
39 years$1,317$841$520$313$185$137
40 years$1,270$800$487$288$167$123
41 years$1,225$762$457$266$152$111
42 years$1,183$725$428$246$138$100
43 years$1,142$691$402$227$125$90
44 years$1,104$659$377$209$114$81
45 years$1,067$628$354$193$103$72
46 years$1,032$599$333$179$94$65
47 years$999$572$313$165$85$59
48 years$967$546$294$152$77$53
49 years$936$521$276$141$70$47
50 years$907$498$260$130$64$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $929,000, adding $3,111 every year, while hoping to spend $47,716 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: 69/14/17 Blend
29$929,000$929,000$929,000$929,000
30$1,026,967$977,730$963,330$1,093,461
31$1,080,948$974,869$944,833$1,135,314
32$1,138,836$970,269$924,116$1,175,148
33$1,200,979$963,794$901,055$1,217,534
34$1,267,759$955,300$875,521$1,262,720
35$1,339,596$944,635$847,376$1,310,977
36$1,416,949$931,636$816,477$1,362,607
37$1,500,325$916,134$782,676$1,417,944
38$1,590,278$897,945$745,817$1,477,356
39$1,687,420$876,878$705,735$1,541,249
40$1,792,421$852,729$662,261$1,610,075
41$1,906,018$825,282$615,217$1,684,331
42$2,029,021$794,310$564,416$1,764,567
43$2,162,321$759,571$509,664$1,851,391
44$2,306,897$720,810$450,757$1,945,474
45$2,463,827$677,756$387,483$2,047,559
46$2,634,295$630,123$319,621$2,158,465
47$2,819,603$577,610$246,939$2,279,100
48$3,021,187$519,896$169,196$2,410,463
49$3,240,622$456,646$86,138$2,553,660
50$3,479,645$387,501$0$2,709,913
51$3,740,166$312,085$0$2,881,023
52$4,024,286$230,000$0$3,084,732
53$4,334,319$140,826$0$3,307,094
54$4,672,811$44,118$0$3,549,980
55$5,042,565$0$0$3,815,454
56$5,446,669$0$0$4,115,122
57$5,888,518$0$0$4,450,264
58$6,371,854$0$0$4,816,924
59$6,900,795$0$0$5,218,235
60$7,479,877$0$0$5,657,645
61$8,114,095$0$0$6,138,949
62$8,808,948$0$0$6,666,330
63$9,570,493$0$0$7,244,391
64$10,405,401$0$0$7,878,205
65$11,321,019$0$0$8,573,356
66$12,325,440$0$0$9,335,998
67$13,427,577$0$0$10,172,906
68$14,637,247$0$0$11,091,545
69$15,965,266$0$0$12,100,136
70$17,423,545$0$0$13,207,737
71$19,025,208$0$0$14,424,325
72$20,784,712$0$0$15,760,892
73$22,717,981$0$0$17,229,544
74$24,842,561$0$0$18,843,622
75$27,177,779$0$0$20,617,821
76$29,744,929$0$0$22,568,331
77$32,567,472$0$0$24,712,989
78$35,671,253$0$0$27,071,446
79$39,084,751$0$0$29,665,355
80$42,839,338$0$0$32,518,570
81$46,969,584$0$0$35,657,375
82$51,513,574$0$0$39,110,728
83$56,513,274$0$0$42,910,536
84$62,014,921$0$0$47,091,956
85$68,069,461$0$0$51,693,724
86$74,733,028$0$0$56,758,521
87$82,067,473$0$0$62,333,377
88$90,140,950$0$0$68,470,111
89$99,028,554$0$0$75,225,822
90$108,813,029$0$0$82,663,426
91$119,585,553$0$0$90,852,250
92$131,446,593$0$0$99,868,684
93$144,506,854$0$0$109,796,903
94$158,888,321$0$0$120,729,662
95$174,725,414$0$0$132,769,167
96$192,166,250$0$0$146,028,041
97$211,374,045$0$0$160,630,387
98$232,528,651$0$0$176,712,958
99$255,828,252$0$0$194,426,448
100$281,491,235$0$0$213,936,909