Can I retire at age 30 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$74,734$74,068$73,419$72,785$72,166$70,912
2 years$36,997$36,308$35,640$34,993$34,365$33,106
3 years$24,420$23,728$23,062$22,420$21,802$20,577
4 years$18,132$17,442$16,783$16,152$15,550$14,368
5 years$14,361$13,675$13,024$12,407$11,821$10,685
6 years$11,847$11,167$10,526$9,922$9,353$8,266
7 years$10,053$9,378$8,747$8,157$7,607$6,568
8 years$8,707$8,038$7,418$6,843$6,310$5,320
9 years$7,661$6,999$6,389$5,829$5,314$4,371
10 years$6,825$6,169$5,570$5,024$4,528$3,632
11 years$6,141$5,492$4,904$4,373$3,894$3,044
12 years$5,572$4,929$4,352$3,835$3,375$2,569
13 years$5,091$4,455$3,888$3,386$2,943$2,180
14 years$4,678$4,049$3,494$3,006$2,580$1,859
15 years$4,322$3,699$3,154$2,681$2,271$1,591
16 years$4,009$3,394$2,860$2,400$2,007$1,367
17 years$3,734$3,126$2,602$2,157$1,780$1,177
18 years$3,490$2,888$2,376$1,944$1,583$1,016
19 years$3,272$2,677$2,175$1,756$1,411$878
20 years$3,076$2,487$1,996$1,591$1,260$761
21 years$2,899$2,317$1,836$1,443$1,128$660
22 years$2,738$2,163$1,692$1,312$1,011$573
23 years$2,591$2,023$1,562$1,195$907$499
24 years$2,457$1,895$1,445$1,090$815$434
25 years$2,333$1,779$1,338$996$734$378
26 years$2,220$1,672$1,241$910$661$329
27 years$2,114$1,573$1,152$833$596$287
28 years$2,017$1,482$1,071$763$538$251
29 years$1,927$1,398$997$700$486$219
30 years$1,842$1,321$929$643$439$191
31 years$1,763$1,248$866$590$397$167
32 years$1,690$1,181$808$542$359$146
33 years$1,621$1,119$754$499$325$127
34 years$1,556$1,060$705$459$294$111
35 years$1,495$1,006$659$422$266$97
36 years$1,437$955$616$389$241$85
37 years$1,383$907$577$358$219$75
38 years$1,332$862$540$330$198$65
39 years$1,283$819$506$305$180$57
40 years$1,237$779$474$281$163$50
41 years$1,194$742$445$259$148$44
42 years$1,152$707$417$239$134$38
43 years$1,113$673$392$221$122$33
44 years$1,075$642$368$204$111$29
45 years$1,040$612$345$188$100$26
46 years$1,005$584$324$174$91$22
47 years$973$557$305$161$83$20
48 years$942$532$286$149$75$17
49 years$912$508$269$137$68$15
50 years$884$485$253$127$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $905,000, adding $2,430 every year, while hoping to spend $46,009 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: 71/11/18 Blend
29$905,000$905,000$905,000$905,000
30$999,817$951,852$937,824$1,066,364
31$1,052,845$949,539$920,288$1,108,639
32$1,109,740$945,571$900,622$1,149,168
33$1,170,847$939,818$878,707$1,192,373
34$1,236,547$932,143$854,417$1,238,511
35$1,307,256$922,399$827,622$1,287,867
36$1,383,431$910,432$798,182$1,340,758
37$1,465,576$896,078$765,956$1,397,529
38$1,554,242$879,163$730,793$1,458,565
39$1,650,036$859,503$692,536$1,524,292
40$1,753,625$836,904$651,021$1,595,177
41$1,865,741$811,159$606,077$1,671,738
42$1,987,190$782,049$557,524$1,754,547
43$2,118,859$749,345$505,176$1,844,237
44$2,261,720$712,800$448,837$1,941,504
45$2,416,845$672,157$388,303$2,047,120
46$2,585,413$627,142$323,360$2,161,935
47$2,768,719$577,466$253,787$2,286,888
48$2,968,189$522,823$179,350$2,423,017
49$3,185,393$462,890$99,806$2,571,468
50$3,422,057$397,325$14,903$2,733,504
51$3,680,080$325,768$0$2,910,522
52$3,961,555$247,837$0$3,118,603
53$4,268,783$163,130$0$3,348,907
54$4,604,297$71,222$0$3,600,503
55$4,970,886$0$0$3,875,520
56$5,371,622$0$0$4,179,737
57$5,809,884$0$0$4,521,913
58$6,289,396$0$0$4,896,341
59$6,814,255$0$0$5,306,226
60$7,388,974$0$0$5,755,099
61$8,018,525$0$0$6,246,847
62$8,708,380$0$0$6,785,753
63$9,464,567$0$0$7,376,531
64$10,293,725$0$0$8,024,376
65$11,203,166$0$0$8,735,007
66$12,200,943$0$0$9,514,725
67$13,295,928$0$0$10,370,470
68$14,497,892$0$0$11,309,886
69$15,817,599$0$0$12,341,393
70$17,266,904$0$0$13,474,268
71$18,858,870$0$0$14,718,730
72$20,607,884$0$0$16,086,033
73$22,529,799$0$0$17,588,581
74$24,642,076$0$0$19,240,035
75$26,963,953$0$0$21,055,445
76$29,516,626$0$0$23,051,394
77$32,323,446$0$0$25,246,152
78$35,410,140$0$0$27,659,845
79$38,805,052$0$0$30,314,651
80$42,539,412$0$0$33,235,002
81$46,647,628$0$0$36,447,819
82$51,167,612$0$0$39,982,763
83$56,141,135$0$0$43,872,515
84$61,614,222$0$0$48,153,084
85$67,637,584$0$0$52,864,147
86$74,267,099$0$0$58,049,421
87$81,564,334$0$0$63,757,077
88$89,597,130$0$0$70,040,192
89$98,440,239$0$0$76,957,252
90$108,176,026$0$0$84,572,699
91$118,895,253$0$0$92,957,545
92$130,697,927$0$0$102,190,037
93$143,694,248$0$0$112,356,393
94$158,005,645$0$0$123,551,621
95$173,765,923$0$0$135,880,411
96$191,122,527$0$0$149,458,123
97$210,237,928$0$0$164,411,875
98$231,291,158$0$0$180,881,745
99$254,479,499$0$0$199,022,087
100$280,020,346$0$0$219,002,992