Can I retire at age 30 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,404$73,741$73,094$72,463$71,847$70,167
2 years$36,834$36,148$35,483$34,838$34,213$32,530
3 years$24,312$23,623$22,960$22,321$21,706$20,073
4 years$18,052$17,365$16,709$16,081$15,481$13,910
5 years$14,297$13,615$12,967$12,352$11,768$10,264
6 years$11,795$11,117$10,479$9,878$9,312$7,875
7 years$10,008$9,336$8,708$8,121$7,573$6,205
8 years$8,669$8,003$7,385$6,813$6,283$4,982
9 years$7,628$6,968$6,361$5,803$5,291$4,057
10 years$6,795$6,142$5,546$5,002$4,508$3,340
11 years$6,114$5,468$4,882$4,353$3,877$2,772
12 years$5,548$4,908$4,333$3,818$3,360$2,317
13 years$5,068$4,435$3,871$3,371$2,930$1,947
14 years$4,658$4,031$3,478$2,993$2,568$1,643
15 years$4,302$3,683$3,140$2,669$2,261$1,392
16 years$3,992$3,379$2,847$2,390$1,999$1,183
17 years$3,718$3,112$2,591$2,147$1,772$1,008
18 years$3,475$2,875$2,365$1,935$1,576$860
19 years$3,258$2,665$2,165$1,748$1,404$736
20 years$3,062$2,476$1,987$1,583$1,254$630
21 years$2,886$2,307$1,828$1,437$1,123$541
22 years$2,726$2,153$1,685$1,307$1,006$464
23 years$2,579$2,014$1,555$1,190$903$399
24 years$2,446$1,887$1,438$1,085$812$343
25 years$2,323$1,771$1,332$991$731$295
26 years$2,210$1,664$1,236$906$658$254
27 years$2,105$1,566$1,147$830$593$219
28 years$2,008$1,476$1,067$760$535$189
29 years$1,918$1,392$993$697$483$163
30 years$1,834$1,315$925$640$437$140
31 years$1,756$1,243$862$587$395$121
32 years$1,682$1,176$804$540$357$105
33 years$1,614$1,114$751$496$323$90
34 years$1,549$1,056$702$457$293$78
35 years$1,488$1,001$656$421$265$67
36 years$1,431$950$614$387$240$58
37 years$1,377$903$574$357$218$50
38 years$1,326$858$538$329$197$43
39 years$1,278$816$504$303$179$37
40 years$1,232$776$472$280$162$32
41 years$1,188$739$443$258$147$28
42 years$1,147$704$415$238$134$24
43 years$1,108$670$390$220$121$21
44 years$1,071$639$366$203$110$18
45 years$1,035$609$344$187$100$16
46 years$1,001$581$323$173$91$13
47 years$969$555$303$160$82$12
48 years$938$530$285$148$75$10
49 years$908$506$268$137$68$9
50 years$880$483$252$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $901,000, adding $5,266 every year, while hoping to spend $31,508 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: 37/48/15 Blend
29$901,000$901,000$901,000$901,000
30$998,334$950,581$936,615$1,030,536
31$1,066,640$963,635$934,468$1,067,209
32$1,140,857$976,273$931,192$1,103,396
33$1,221,554$988,441$926,717$1,141,805
34$1,309,360$1,000,081$920,969$1,182,651
35$1,404,962$1,011,133$913,870$1,226,173
36$1,509,121$1,021,531$905,337$1,272,635
37$1,622,671$1,031,205$895,285$1,322,328
38$1,746,530$1,040,081$883,624$1,375,577
39$1,881,711$1,048,081$870,261$1,432,739
40$2,029,328$1,055,118$855,096$1,494,210
41$2,190,605$1,061,105$838,028$1,560,430
42$2,366,892$1,065,945$818,947$1,631,884
43$2,559,676$1,069,536$797,742$1,709,109
44$2,770,591$1,071,772$774,295$1,792,700
45$3,001,439$1,072,537$748,482$1,883,314
46$3,254,203$1,071,708$720,173$1,981,679
47$3,531,068$1,069,158$689,235$2,088,599
48$3,834,439$1,064,749$655,526$2,204,964
49$4,166,964$1,058,334$618,899$2,331,758
50$4,531,561$1,049,759$579,199$2,470,070
51$4,931,444$1,038,861$536,265$2,621,100
52$5,370,151$1,025,464$489,930$2,786,181
53$5,851,580$1,009,386$440,017$2,966,780
54$6,380,026$990,431$386,342$3,164,521
55$6,960,219$968,392$328,715$3,381,201
56$7,597,368$943,050$266,933$3,618,802
57$8,297,214$914,174$200,790$3,879,515
58$9,066,078$881,517$130,065$4,165,761
59$9,910,927$844,820$54,531$4,480,215
60$10,839,434$803,809$0$4,825,829
61$11,860,053$758,192$0$5,210,040
62$12,982,098$707,663$0$5,641,862
63$14,215,829$651,895$0$6,116,578
64$15,572,551$590,546$0$6,638,625
65$17,064,721$523,252$0$7,212,898
66$18,706,060$449,630$0$7,844,798
67$20,511,690$369,273$0$8,540,287
68$22,498,268$281,753$0$9,305,940
69$24,684,151$186,619$0$10,149,015
70$27,089,562$83,391$0$11,077,515
71$29,736,786$0$0$12,100,273
72$32,650,374$0$0$13,242,051
73$35,857,383$0$0$14,547,446
74$39,387,622$0$0$15,984,565
75$43,273,938$0$0$17,566,798
76$47,552,524$0$0$19,308,901
77$52,263,263$0$0$21,227,132
78$57,450,099$0$0$23,339,408
79$63,161,455$0$0$25,665,470
80$69,450,691$0$0$28,227,071
81$76,376,602$0$0$31,048,183
82$84,003,977$0$0$34,155,220
83$92,404,208$0$0$37,577,289
84$101,655,966$0$0$41,346,463
85$111,845,938$0$0$45,498,086
86$123,069,651$0$0$50,071,105
87$135,432,369$0$0$55,108,436
88$149,050,087$0$0$60,657,372
89$164,050,626$0$0$66,770,028
90$180,574,839$0$0$73,503,832
91$198,777,940$0$0$80,922,066
92$218,830,968$0$0$89,094,466
93$240,922,401$0$0$98,097,880
94$265,259,937$0$0$108,016,988
95$292,072,451$0$0$118,945,110
96$321,612,155$0$0$130,985,076
97$354,156,980$0$0$144,250,208
98$390,013,200$0$0$158,865,380
99$429,518,319$0$0$174,968,201
100$473,044,258$0$0$192,710,314