Can I retire at age 30 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$74,982$74,314$73,662$73,026$72,405$69,532
2 years$37,120$36,428$35,758$35,109$34,479$31,620
3 years$24,501$23,806$23,138$22,495$21,875$19,120
4 years$18,192$17,500$16,839$16,206$15,601$12,972
5 years$14,408$13,720$13,067$12,448$11,860$9,362
6 years$11,887$11,204$10,560$9,955$9,384$7,020
7 years$10,086$9,409$8,776$8,184$7,632$5,400
8 years$8,736$8,065$7,443$6,866$6,331$4,230
9 years$7,687$7,022$6,410$5,848$5,332$3,357
10 years$6,848$6,190$5,589$5,041$4,543$2,692
11 years$6,162$5,510$4,920$4,387$3,907$2,175
12 years$5,591$4,946$4,366$3,848$3,386$1,768
13 years$5,108$4,470$3,901$3,397$2,953$1,444
14 years$4,694$4,063$3,505$3,016$2,588$1,184
15 years$4,336$3,711$3,165$2,690$2,279$973
16 years$4,023$3,405$2,869$2,408$2,014$802
17 years$3,747$3,136$2,611$2,164$1,786$663
18 years$3,502$2,898$2,383$1,950$1,588$549
19 years$3,283$2,686$2,182$1,762$1,415$454
20 years$3,086$2,496$2,002$1,596$1,264$377
21 years$2,908$2,325$1,842$1,448$1,131$313
22 years$2,747$2,170$1,698$1,317$1,014$260
23 years$2,599$2,029$1,567$1,199$910$216
24 years$2,465$1,901$1,450$1,094$818$180
25 years$2,341$1,784$1,343$999$736$150
26 years$2,227$1,677$1,245$913$663$125
27 years$2,121$1,578$1,156$836$598$104
28 years$2,024$1,487$1,075$766$539$86
29 years$1,933$1,403$1,000$702$487$72
30 years$1,848$1,325$932$645$440$60
31 years$1,769$1,253$869$592$398$50
32 years$1,695$1,185$810$544$360$42
33 years$1,626$1,122$757$500$326$35
34 years$1,561$1,064$707$460$295$29
35 years$1,500$1,009$661$424$267$24
36 years$1,442$958$618$390$242$20
37 years$1,388$910$579$360$219$17
38 years$1,336$864$542$331$199$14
39 years$1,288$822$508$306$180$12
40 years$1,241$782$476$282$164$10
41 years$1,198$744$446$260$148$8
42 years$1,156$709$419$240$135$7
43 years$1,116$676$393$222$122$6
44 years$1,079$644$369$205$111$5
45 years$1,043$614$346$189$101$4
46 years$1,009$586$325$175$91$3
47 years$976$559$306$161$83$3
48 years$945$534$287$149$75$2
49 years$915$510$270$138$68$2
50 years$887$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $908,000, adding $6,484 every year, while hoping to spend $22,851 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: 27/45/28 Blend
29$908,000$908,000$908,000$908,000
30$1,007,304$959,180$945,106$1,025,595
31$1,085,736$981,867$952,454$1,063,595
32$1,171,402$1,004,899$959,282$1,101,978
33$1,265,016$1,028,270$965,549$1,142,724
34$1,367,363$1,051,971$971,211$1,186,051
35$1,479,310$1,075,993$976,222$1,232,199
36$1,601,808$1,100,325$980,534$1,281,432
37$1,735,906$1,124,955$984,095$1,334,041
38$1,882,760$1,149,870$986,854$1,390,350
39$2,043,642$1,175,053$988,754$1,450,712
40$2,219,952$1,200,489$989,736$1,515,521
41$2,413,233$1,226,159$989,738$1,585,207
42$2,625,184$1,252,043$988,696$1,660,250
43$2,857,677$1,278,117$986,541$1,741,174
44$3,112,774$1,304,358$983,204$1,828,562
45$3,392,744$1,330,739$978,608$1,923,055
46$3,700,088$1,357,230$972,676$2,025,361
47$4,037,562$1,383,799$965,326$2,136,260
48$4,408,201$1,410,413$956,472$2,256,614
49$4,815,347$1,437,033$946,023$2,387,375
50$5,262,684$1,463,618$933,886$2,529,593
51$5,754,268$1,490,126$919,962$2,684,424
52$6,294,570$1,516,509$904,147$2,853,147
53$6,888,514$1,542,716$886,334$3,037,171
54$7,541,525$1,568,691$866,408$3,238,053
55$8,259,580$1,594,376$844,252$3,457,509
56$9,049,264$1,619,708$819,742$3,697,431
57$9,917,833$1,644,618$792,748$3,959,911
58$10,873,281$1,669,033$763,134$4,247,251
59$11,924,416$1,692,875$730,758$4,561,996
60$13,080,940$1,716,061$695,473$4,906,950
61$14,353,548$1,738,499$657,123$5,285,207
62$15,754,020$1,760,096$615,546$5,700,181
63$17,295,337$1,780,747$570,574$6,155,637
64$18,991,801$1,800,344$522,029$6,655,728
65$20,859,174$1,818,770$469,726$7,205,034
66$22,914,821$1,835,901$413,473$7,808,609
67$25,177,876$1,851,603$353,067$8,472,024
68$27,669,424$1,865,736$288,299$9,201,426
69$30,412,696$1,878,149$218,949$10,003,592
70$33,433,294$1,888,680$144,786$10,885,998
71$36,759,425$1,897,161$65,572$11,856,887
72$40,422,174$1,903,410$0$12,925,350
73$44,455,792$1,907,233$0$14,107,077
74$48,898,021$1,908,425$0$15,428,731
75$53,790,451$1,906,770$0$16,882,974
76$59,178,912$1,902,037$0$18,483,332
77$65,113,903$1,893,979$0$20,244,713
78$71,651,074$1,882,336$0$22,183,552
79$78,851,746$1,866,833$0$24,317,963
80$86,783,493$1,847,177$0$26,667,915
81$95,520,777$1,823,057$0$29,255,414
82$105,145,654$1,794,144$0$32,104,719
83$115,748,543$1,760,089$0$35,242,569
84$127,429,085$1,720,524$0$38,698,436
85$140,297,079$1,675,058$0$42,504,803
86$154,473,521$1,623,275$0$46,697,476
87$170,091,743$1,564,739$0$51,315,918
88$187,298,675$1,498,985$0$56,403,627
89$206,256,227$1,425,523$0$62,008,546
90$227,142,822$1,343,833$0$68,183,515
91$250,155,076$1,253,367$0$74,986,777
92$275,509,656$1,153,544$0$82,482,523
93$303,445,324$1,043,751$0$90,741,503
94$334,225,191$923,339$0$99,841,697
95$368,139,201$791,623$0$109,869,050
96$405,506,866$647,878$0$120,918,286
97$446,680,282$491,340$0$133,093,806
98$492,047,456$321,201$0$146,510,674
99$542,035,964$136,608$0$161,295,708
100$597,116,989$0$0$177,588,676