Can I retire at age 30 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$74,817$74,150$73,500$72,865$72,246$70,045
2 years$37,038$36,348$35,680$35,031$34,403$32,205
3 years$24,447$23,754$23,087$22,445$21,826$19,700
4 years$18,152$17,462$16,801$16,170$15,567$13,528
5 years$14,377$13,690$13,039$12,420$11,834$9,888
6 years$11,860$11,179$10,537$9,933$9,364$7,513
7 years$10,064$9,388$8,756$8,166$7,615$5,859
8 years$8,717$8,047$7,426$6,850$6,317$4,655
9 years$7,670$7,007$6,396$5,835$5,320$3,750
10 years$6,833$6,176$5,576$5,030$4,533$3,052
11 years$6,148$5,498$4,909$4,377$3,899$2,505
12 years$5,578$4,935$4,357$3,840$3,378$2,069
13 years$5,096$4,460$3,893$3,390$2,946$1,717
14 years$4,684$4,054$3,497$3,009$2,583$1,432
15 years$4,326$3,703$3,158$2,684$2,274$1,198
16 years$4,014$3,398$2,863$2,403$2,010$1,005
17 years$3,739$3,129$2,605$2,159$1,782$845
18 years$3,494$2,891$2,378$1,946$1,584$712
19 years$3,276$2,680$2,177$1,758$1,412$600
20 years$3,079$2,490$1,998$1,592$1,261$507
21 years$2,902$2,319$1,838$1,445$1,129$429
22 years$2,741$2,165$1,694$1,314$1,012$363
23 years$2,594$2,025$1,564$1,197$908$308
24 years$2,459$1,897$1,446$1,091$816$261
25 years$2,336$1,780$1,340$997$735$221
26 years$2,222$1,673$1,242$911$662$188
27 years$2,117$1,575$1,154$834$597$160
28 years$2,019$1,484$1,073$764$538$136
29 years$1,929$1,400$998$701$486$115
30 years$1,844$1,322$930$643$439$98
31 years$1,765$1,250$867$591$397$83
32 years$1,692$1,183$809$543$359$71
33 years$1,623$1,120$755$499$325$60
34 years$1,558$1,061$705$459$294$51
35 years$1,496$1,007$660$423$267$44
36 years$1,439$956$617$389$242$37
37 years$1,385$908$578$359$219$31
38 years$1,333$863$541$331$198$27
39 years$1,285$820$507$305$180$23
40 years$1,239$780$475$281$163$19
41 years$1,195$743$445$260$148$16
42 years$1,153$707$418$239$134$14
43 years$1,114$674$392$221$122$12
44 years$1,076$642$368$204$111$10
45 years$1,041$613$345$189$100$9
46 years$1,007$584$324$174$91$7
47 years$974$558$305$161$83$6
48 years$943$532$286$149$75$5
49 years$913$508$269$137$68$5
50 years$885$486$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $906,000, adding $4,584 every year, while hoping to spend $56,212 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: 57/34/9 Blend
29$906,000$906,000$906,000$906,000
30$1,003,140$955,122$941,079$1,057,933
31$1,045,652$942,114$912,796$1,082,388
32$1,090,615$926,585$881,682$1,102,345
33$1,138,221$908,351$847,582$1,122,724
34$1,188,679$887,219$810,335$1,143,573
35$1,242,215$862,984$769,772$1,164,946
36$1,299,080$835,429$725,718$1,186,905
37$1,359,544$804,323$677,988$1,209,523
38$1,423,907$769,424$626,390$1,232,882
39$1,492,494$730,475$570,723$1,257,077
40$1,565,662$687,202$510,776$1,282,215
41$1,643,803$639,318$446,330$1,308,419
42$1,727,345$586,519$377,156$1,335,830
43$1,816,759$528,482$303,015$1,364,605
44$1,912,559$464,869$223,657$1,394,923
45$2,015,311$395,319$138,821$1,426,989
46$2,125,636$319,452$48,234$1,461,030
47$2,244,214$236,868$0$1,497,305
48$2,371,792$147,143$0$1,540,757
49$2,509,191$49,830$0$1,592,307
50$2,657,313$0$0$1,647,715
51$2,817,147$0$0$1,728,207
52$2,989,780$0$0$1,835,342
53$3,176,409$0$0$1,951,228
54$3,378,346$0$0$2,076,687
55$3,597,037$0$0$2,212,625
56$3,834,068$0$0$2,360,039
57$4,091,185$0$0$2,520,023
58$4,370,308$0$0$2,693,783
59$4,673,550$0$0$2,882,642
60$5,003,232$0$0$3,088,060
61$5,361,911$0$0$3,311,638
62$5,752,399$0$0$3,555,142
63$6,177,788$0$0$3,820,514
64$6,641,485$0$0$4,109,891
65$7,147,235$0$0$4,425,623
66$7,699,165$0$0$4,770,301
67$8,301,813$0$0$5,146,774
68$8,960,177$0$0$5,558,179
69$9,679,759$0$0$6,007,970
70$10,466,616$0$0$6,499,950
71$11,327,417$0$0$7,038,305
72$12,269,506$0$0$7,627,647
73$13,300,969$0$0$8,273,052
74$14,430,710$0$0$8,980,110
75$15,668,536$0$0$9,754,979
76$17,025,246$0$0$10,604,441
77$18,512,733$0$0$11,535,963
78$20,144,098$0$0$12,557,770
79$21,933,769$0$0$13,678,925
80$23,897,638$0$0$14,909,405
81$26,053,210$0$0$16,260,203
82$28,419,767$0$0$17,743,430
83$31,018,552$0$0$19,372,423
84$33,872,961$0$0$21,161,877
85$37,008,771$0$0$23,127,980
86$40,454,378$0$0$25,288,564
87$44,241,065$0$0$27,663,276
88$48,403,294$0$0$30,273,761
89$52,979,034$0$0$33,143,862
90$58,010,116$0$0$36,299,853
91$63,542,626$0$0$39,770,677
92$69,627,339$0$0$43,588,224
93$76,320,199$0$0$47,787,631
94$83,682,843$0$0$52,407,610
95$91,783,183$0$0$57,490,814
96$100,696,046$0$0$63,084,241
97$110,503,877$0$0$69,239,672
98$121,297,516$0$0$76,014,163
99$133,177,057$0$0$83,470,582
100$146,252,789$0$0$91,678,200