Can I retire at age 30 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$75,147$74,478$73,825$73,187$72,565$70,525
2 years$37,201$36,509$35,837$35,186$34,555$32,515
3 years$24,555$23,859$23,189$22,544$21,923$19,947
4 years$18,232$17,539$16,876$16,242$15,636$13,739
5 years$14,440$13,751$13,096$12,475$11,886$10,074
6 years$11,913$11,228$10,584$9,977$9,405$7,679
7 years$10,108$9,430$8,795$8,202$7,649$6,009
8 years$8,755$8,083$7,459$6,881$6,345$4,791
9 years$7,704$7,038$6,424$5,861$5,344$3,874
10 years$6,863$6,203$5,601$5,052$4,553$3,165
11 years$6,175$5,522$4,931$4,397$3,916$2,607
12 years$5,603$4,957$4,376$3,857$3,393$2,162
13 years$5,119$4,479$3,910$3,405$2,959$1,802
14 years$4,704$4,072$3,513$3,022$2,594$1,509
15 years$4,345$3,719$3,172$2,695$2,284$1,267
16 years$4,032$3,413$2,876$2,413$2,019$1,068
17 years$3,755$3,143$2,617$2,168$1,790$902
18 years$3,510$2,904$2,389$1,954$1,591$763
19 years$3,290$2,692$2,187$1,766$1,418$647
20 years$3,093$2,501$2,007$1,599$1,267$549
21 years$2,915$2,330$1,846$1,451$1,134$466
22 years$2,753$2,175$1,701$1,320$1,016$397
23 years$2,605$2,034$1,571$1,202$912$338
24 years$2,470$1,906$1,453$1,096$820$288
25 years$2,346$1,788$1,346$1,001$738$245
26 years$2,232$1,681$1,248$915$665$209
27 years$2,126$1,582$1,159$838$599$179
28 years$2,028$1,491$1,077$768$541$152
29 years$1,937$1,406$1,003$704$488$130
30 years$1,852$1,328$934$646$441$111
31 years$1,773$1,255$871$593$399$95
32 years$1,699$1,188$812$545$361$81
33 years$1,630$1,125$758$501$326$69
34 years$1,564$1,066$709$461$296$59
35 years$1,503$1,011$662$425$268$51
36 years$1,445$960$620$391$243$43
37 years$1,391$912$580$360$220$37
38 years$1,339$866$543$332$199$32
39 years$1,290$824$509$306$181$27
40 years$1,244$784$477$283$164$23
41 years$1,200$746$447$261$149$20
42 years$1,159$711$420$241$135$17
43 years$1,119$677$394$222$122$14
44 years$1,081$645$370$205$111$12
45 years$1,045$615$347$189$101$11
46 years$1,011$587$326$175$92$9
47 years$978$560$306$162$83$8
48 years$947$535$288$149$76$7
49 years$917$511$270$138$69$6
50 years$888$488$254$128$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $910,000, adding $2,877 every year, while hoping to spend $57,912 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: 34/40/26 Blend
29$910,000$910,000$910,000$910,000
30$1,005,788$957,558$943,453$1,031,968
31$1,046,760$942,860$913,440$1,037,156
32$1,089,971$925,501$880,482$1,037,328
33$1,135,587$905,290$844,417$1,036,374
34$1,183,790$882,023$805,079$1,034,232
35$1,234,781$855,486$762,292$1,030,839
36$1,288,775$825,451$715,876$1,026,132
37$1,346,009$791,678$665,637$1,020,049
38$1,406,744$753,912$611,378$1,012,526
39$1,471,262$711,883$552,889$1,003,500
40$1,539,874$665,308$489,954$992,910
41$1,612,917$613,885$422,344$980,695
42$1,690,765$557,296$349,822$966,797
43$1,773,823$495,203$272,141$951,162
44$1,862,537$427,252$189,042$933,736
45$1,957,395$353,066$100,254$914,474
46$2,058,932$272,249$5,495$893,333
47$2,167,735$184,382$0$870,279
48$2,284,448$89,020$0$871,813
49$2,409,777$0$0$874,741
50$2,544,497$0$0$883,914
51$2,689,461$0$0$936,041
52$2,845,601$0$0$992,287
53$3,013,945$0$0$1,053,034
54$3,195,620$0$0$1,118,702
55$3,391,864$0$0$1,189,754
56$3,604,040$0$0$1,266,698
57$3,833,643$0$0$1,350,090
58$4,082,319$0$0$1,440,545
59$4,351,875$0$0$1,538,738
60$4,644,301$0$0$1,645,412
61$4,961,782$0$0$1,761,382
62$5,306,725$0$0$1,887,548
63$5,681,776$0$0$2,024,898
64$6,089,846$0$0$2,174,519
65$6,534,138$0$0$2,337,609
66$7,018,176$0$0$2,515,484
67$7,545,838$0$0$2,709,595
68$8,121,394$0$0$2,921,537
69$8,749,543$0$0$3,153,068
70$9,435,455$0$0$3,406,122
71$10,184,824$0$0$3,682,827
72$11,003,917$0$0$3,985,528
73$11,899,636$0$0$4,316,808
74$12,879,577$0$0$4,679,507
75$13,952,108$0$0$5,076,757
76$15,126,439$0$0$5,512,004
77$16,412,715$0$0$5,989,046
78$17,822,107$0$0$6,512,062
79$19,366,920$0$0$7,085,659
80$21,060,702$0$0$7,714,907
81$22,918,379$0$0$8,405,393
82$24,956,387$0$0$9,163,272
83$27,192,833$0$0$9,995,321
84$29,647,659$0$0$10,909,006
85$32,342,835$0$0$11,912,554
86$35,302,558$0$0$13,015,025
87$38,553,486$0$0$14,226,401
88$42,124,987$0$0$15,557,677
89$46,049,410$0$0$17,020,970
90$50,362,396$0$0$18,629,626
91$55,103,209$0$0$20,398,349
92$60,315,107$0$0$22,343,340
93$66,045,746$0$0$24,482,447
94$72,347,633$0$0$26,835,335
95$79,278,617$0$0$29,423,672
96$86,902,434$0$0$32,271,330
97$95,289,309$0$0$35,404,612
98$104,516,614$0$0$38,852,500
99$114,669,600$0$0$42,646,925
100$125,842,197$0$0$46,823,073