Can I retire at age 30 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$74,651$73,987$73,338$72,705$72,086$70,458
2 years$36,956$36,268$35,601$34,954$34,327$32,695
3 years$24,393$23,701$23,036$22,395$21,778$20,194
4 years$18,112$17,423$16,764$16,135$15,532$14,008
5 years$14,345$13,660$13,010$12,393$11,808$10,347
6 years$11,834$11,154$10,514$9,911$9,343$7,948
7 years$10,042$9,367$8,737$8,148$7,598$6,269
8 years$8,698$8,030$7,410$6,835$6,304$5,040
9 years$7,653$6,991$6,382$5,822$5,308$4,109
10 years$6,818$6,162$5,564$5,019$4,523$3,386
11 years$6,135$5,486$4,898$4,368$3,890$2,815
12 years$5,566$4,924$4,347$3,831$3,371$2,356
13 years$5,085$4,450$3,884$3,382$2,940$1,982
14 years$4,673$4,045$3,490$3,002$2,577$1,675
15 years$4,317$3,695$3,151$2,678$2,269$1,421
16 years$4,005$3,390$2,857$2,398$2,005$1,209
17 years$3,730$3,122$2,599$2,154$1,778$1,032
18 years$3,486$2,885$2,373$1,941$1,581$882
19 years$3,268$2,674$2,172$1,754$1,409$756
20 years$3,072$2,485$1,994$1,589$1,259$648
21 years$2,895$2,314$1,834$1,442$1,126$557
22 years$2,735$2,160$1,690$1,311$1,010$479
23 years$2,588$2,021$1,561$1,194$906$412
24 years$2,454$1,893$1,443$1,089$815$355
25 years$2,331$1,777$1,337$995$733$306
26 years$2,217$1,670$1,240$909$660$264
27 years$2,112$1,571$1,151$832$595$228
28 years$2,015$1,481$1,070$763$537$197
29 years$1,924$1,397$996$699$485$170
30 years$1,840$1,319$928$642$438$147
31 years$1,762$1,247$865$589$396$127
32 years$1,688$1,180$807$542$358$110
33 years$1,619$1,117$753$498$324$95
34 years$1,554$1,059$704$458$294$82
35 years$1,493$1,005$658$422$266$71
36 years$1,436$953$616$389$241$61
37 years$1,382$906$576$358$218$53
38 years$1,330$861$540$330$198$46
39 years$1,282$818$506$304$180$40
40 years$1,236$779$474$281$163$34
41 years$1,192$741$444$259$148$30
42 years$1,151$706$417$239$134$26
43 years$1,112$673$391$221$122$22
44 years$1,074$641$367$204$110$19
45 years$1,038$611$345$188$100$17
46 years$1,004$583$324$174$91$14
47 years$972$557$304$161$83$13
48 years$941$531$286$148$75$11
49 years$911$507$269$137$68$9
50 years$883$485$253$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $904,000, adding $3,451 every year, while hoping to spend $59,318 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: 65/21/14 Blend
29$904,000$904,000$904,000$904,000
30$999,768$951,856$937,844$1,061,225
31$1,038,630$935,383$906,148$1,086,267
32$1,079,468$916,115$871,402$1,106,409
33$1,122,421$893,851$833,441$1,126,946
34$1,167,640$868,382$792,093$1,147,915
35$1,215,290$839,483$747,178$1,169,359
36$1,265,549$806,917$698,508$1,191,326
37$1,318,613$770,434$645,886$1,213,873
38$1,374,694$729,768$589,106$1,237,066
39$1,434,026$684,640$527,954$1,260,976
40$1,496,862$634,752$462,206$1,285,690
41$1,563,478$579,792$391,627$1,311,302
42$1,634,179$519,427$315,972$1,337,921
43$1,709,295$453,309$234,986$1,365,670
44$1,789,188$381,066$148,403$1,394,690
45$1,874,255$302,308$55,945$1,425,138
46$1,964,929$216,622$0$1,457,192
47$2,061,687$123,571$0$1,497,434
48$2,165,048$22,695$0$1,549,043
49$2,275,585$0$0$1,603,954
50$2,393,921$0$0$1,682,488
51$2,520,744$0$0$1,772,314
52$2,656,806$0$0$1,868,727
53$2,802,933$0$0$1,972,316
54$2,960,031$0$0$2,083,730
55$3,129,097$0$0$2,203,680
56$3,311,222$0$0$2,332,949
57$3,507,607$0$0$2,472,395
58$3,719,571$0$0$2,622,962
59$3,948,562$0$0$2,785,685
60$4,196,172$0$0$2,961,704
61$4,464,151$0$0$3,152,271
62$4,754,423$0$0$3,358,763
63$5,069,104$0$0$3,582,693
64$5,410,518$0$0$3,825,726
65$5,781,224$0$0$4,089,693
66$6,184,035$0$0$4,376,608
67$6,622,046$0$0$4,688,686
68$7,098,663$0$0$5,028,363
69$7,617,631$0$0$5,398,323
70$8,183,073$0$0$5,801,517
71$8,799,527$0$0$6,241,192
72$9,471,985$0$0$6,720,924
73$10,205,943$0$0$7,244,646
74$11,007,451$0$0$7,816,692
75$11,883,169$0$0$8,441,828
76$12,840,428$0$0$9,125,305
77$13,887,301$0$0$9,872,903
78$15,032,675$0$0$10,690,985
79$16,286,336$0$0$11,586,560
80$17,659,062$0$0$12,567,344
81$19,162,718$0$0$13,641,835
82$20,810,373$0$0$14,819,391
83$22,616,421$0$0$16,110,320
84$24,596,712$0$0$17,525,973
85$26,768,706$0$0$19,078,854
86$29,151,632$0$0$20,782,733
87$31,766,670$0$0$22,652,780
88$34,637,152$0$0$24,705,703
89$37,788,777$0$0$26,959,908
90$41,249,854$0$0$29,435,670
91$45,051,571$0$0$32,155,323
92$49,228,280$0$0$35,143,474
93$53,817,830$0$0$38,427,228
94$58,861,913$0$0$42,036,447
95$64,406,466$0$0$46,004,030
96$70,502,092$0$0$50,366,222
97$77,204,547$0$0$55,162,957
98$84,575,257$0$0$60,438,228
99$92,681,898$0$0$66,240,509
100$101,599,035$0$0$72,623,208