Can I retire at age 30 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$74,899$74,232$73,581$72,946$72,325$70,235
2 years$37,079$36,388$35,719$35,070$34,441$32,352
3 years$24,474$23,780$23,113$22,470$21,851$19,828
4 years$18,172$17,481$16,820$16,188$15,584$13,643
5 years$14,393$13,705$13,053$12,434$11,847$9,993
6 years$11,873$11,191$10,549$9,944$9,374$7,609
7 years$10,075$9,398$8,766$8,175$7,624$5,948
8 years$8,726$8,056$7,434$6,858$6,324$4,737
9 years$7,678$7,014$6,403$5,841$5,326$3,825
10 years$6,840$6,183$5,582$5,035$4,538$3,121
11 years$6,155$5,504$4,915$4,382$3,903$2,568
12 years$5,584$4,940$4,362$3,844$3,382$2,127
13 years$5,102$4,465$3,897$3,394$2,949$1,770
14 years$4,689$4,058$3,501$3,012$2,585$1,480
15 years$4,331$3,707$3,161$2,687$2,276$1,241
16 years$4,018$3,401$2,866$2,406$2,012$1,044
17 years$3,743$3,132$2,608$2,161$1,784$881
18 years$3,498$2,895$2,381$1,948$1,586$744
19 years$3,279$2,683$2,180$1,760$1,414$630
20 years$3,083$2,493$2,000$1,594$1,263$534
21 years$2,905$2,322$1,840$1,447$1,130$453
22 years$2,744$2,167$1,696$1,315$1,013$385
23 years$2,597$2,027$1,566$1,198$909$327
24 years$2,462$1,899$1,448$1,093$817$278
25 years$2,338$1,782$1,341$998$735$237
26 years$2,224$1,675$1,244$912$662$202
27 years$2,119$1,577$1,155$835$597$172
28 years$2,022$1,486$1,074$765$539$146
29 years$1,931$1,401$999$702$487$125
30 years$1,846$1,324$931$644$440$106
31 years$1,767$1,251$868$591$398$91
32 years$1,694$1,184$810$544$360$77
33 years$1,624$1,121$756$500$325$66
34 years$1,559$1,063$706$460$295$56
35 years$1,498$1,008$660$423$267$48
36 years$1,441$957$618$390$242$41
37 years$1,386$909$578$359$219$35
38 years$1,335$863$541$331$199$30
39 years$1,286$821$507$305$180$26
40 years$1,240$781$475$282$163$22
41 years$1,196$744$446$260$148$19
42 years$1,155$708$418$240$135$16
43 years$1,115$675$392$221$122$14
44 years$1,078$643$368$204$111$12
45 years$1,042$613$346$189$101$10
46 years$1,008$585$325$174$91$8
47 years$975$558$305$161$83$7
48 years$944$533$287$149$75$6
49 years$914$509$270$138$68$5
50 years$886$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 $907,000, adding $6,170 every year, while hoping to spend $27,811 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: 40/46/14 Blend
29$907,000$907,000$907,000$907,000
30$1,005,878$957,807$943,749$1,041,690
31$1,078,887$975,149$945,774$1,084,979
32$1,158,411$992,409$946,934$1,128,593
33$1,245,085$1,009,553$947,172$1,175,171
34$1,339,607$1,026,545$946,427$1,224,996
35$1,442,748$1,043,346$944,633$1,278,378
36$1,555,354$1,059,916$941,724$1,335,661
37$1,678,358$1,076,209$937,629$1,397,224
38$1,812,785$1,092,178$932,274$1,463,487
39$1,959,765$1,107,771$925,582$1,534,911
40$2,120,543$1,122,934$917,471$1,612,006
41$2,296,488$1,137,607$907,856$1,695,336
42$2,489,109$1,151,729$896,647$1,785,522
43$2,700,065$1,165,231$883,753$1,883,250
44$2,931,187$1,178,042$869,073$1,989,279
45$3,184,488$1,190,087$852,508$2,104,444
46$3,462,187$1,201,282$833,948$2,229,668
47$3,766,727$1,211,542$813,282$2,365,971
48$4,100,800$1,220,773$790,393$2,514,477
49$4,467,368$1,228,878$765,158$2,676,428
50$4,869,698$1,235,751$737,449$2,853,192
51$5,311,384$1,241,280$707,131$3,046,284
52$5,796,390$1,245,348$674,064$3,257,370
53$6,329,078$1,247,826$638,102$3,488,293
54$6,914,257$1,248,582$599,091$3,741,086
55$7,557,221$1,247,473$556,870$4,017,990
56$8,263,806$1,244,347$511,274$4,321,480
57$9,040,438$1,239,044$462,126$4,654,287
58$9,894,199$1,231,394$409,243$5,019,424
59$10,832,890$1,221,215$352,436$5,420,215
60$11,865,107$1,208,317$291,504$5,860,326
61$13,000,319$1,192,495$226,240$6,343,806
62$14,248,958$1,173,534$156,426$6,875,116
63$15,622,521$1,151,206$81,836$7,459,182
64$17,133,673$1,125,270$2,232$8,101,436
65$18,796,368$1,095,469$0$8,807,869
66$20,625,982$1,061,532$0$9,597,448
67$22,639,458$1,023,172$0$10,466,266
68$24,855,461$980,086$0$11,422,071
69$27,294,560$931,952$0$12,473,775
70$29,979,418$878,431$0$13,631,202
71$32,935,007$819,162$0$14,905,186
72$36,188,843$753,767$0$16,307,675
73$39,771,247$681,843$0$17,851,837
74$43,715,626$602,965$0$19,552,195
75$48,058,796$516,686$0$21,424,760
76$52,841,320$422,530$0$23,487,183
77$58,107,897$319,998$0$25,758,926
78$63,907,784$208,559$0$28,261,445
79$70,295,256$87,656$0$31,018,394
80$77,330,119$0$0$34,055,853
81$85,078,277$0$0$37,424,488
82$93,612,353$0$0$41,183,852
83$103,012,372$0$0$45,324,845
84$113,366,516$0$0$49,886,337
85$124,771,960$0$0$54,911,160
86$137,335,784$0$0$60,446,511
87$151,175,987$0$0$66,544,403
88$166,422,597$0$0$73,262,148
89$183,218,900$0$0$80,662,906
90$201,722,795$0$0$88,816,273
91$222,108,277$0$0$97,798,944
92$244,567,085$0$0$107,695,436
93$269,310,510$0$0$118,598,881
94$296,571,389$0$0$130,611,911
95$326,606,300$0$0$143,847,622
96$359,697,989$0$0$158,430,645
97$396,158,031$0$0$174,498,318
98$436,329,779$0$0$192,201,988
99$480,591,601$0$0$211,708,435
100$529,360,447$0$0$233,201,448