Can I retire at age 30 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$75,312$74,641$73,987$73,348$72,724$71,490
2 years$37,283$36,589$35,916$35,263$34,631$33,391
3 years$24,609$23,911$23,240$22,594$21,971$20,765
4 years$18,273$17,577$16,913$16,277$15,670$14,506
5 years$14,472$13,781$13,125$12,503$11,912$10,794
6 years$11,939$11,253$10,607$9,998$9,426$8,354
7 years$10,130$9,450$8,814$8,220$7,666$6,642
8 years$8,775$8,101$7,475$6,896$6,359$5,383
9 years$7,721$7,053$6,438$5,874$5,355$4,426
10 years$6,878$6,217$5,613$5,063$4,563$3,679
11 years$6,189$5,535$4,942$4,406$3,924$3,085
12 years$5,615$4,968$4,386$3,865$3,401$2,605
13 years$5,130$4,489$3,918$3,412$2,966$2,213
14 years$4,715$4,081$3,521$3,029$2,600$1,888
15 years$4,355$3,728$3,179$2,701$2,289$1,617
16 years$4,041$3,420$2,882$2,419$2,023$1,390
17 years$3,763$3,150$2,622$2,173$1,794$1,198
18 years$3,517$2,911$2,394$1,959$1,595$1,035
19 years$3,297$2,697$2,192$1,770$1,422$895
20 years$3,100$2,507$2,011$1,603$1,270$776
21 years$2,921$2,335$1,850$1,455$1,136$674
22 years$2,759$2,179$1,705$1,323$1,019$586
23 years$2,611$2,038$1,574$1,205$914$510
24 years$2,476$1,910$1,456$1,099$822$444
25 years$2,351$1,792$1,349$1,003$739$387
26 years$2,237$1,684$1,251$917$666$338
27 years$2,131$1,585$1,161$840$601$295
28 years$2,033$1,494$1,080$769$542$257
29 years$1,941$1,409$1,005$705$489$225
30 years$1,856$1,331$936$647$442$196
31 years$1,777$1,258$872$595$400$172
32 years$1,703$1,190$814$547$362$150
33 years$1,633$1,127$760$503$327$131
34 years$1,568$1,068$710$462$296$115
35 years$1,506$1,013$664$426$268$101
36 years$1,448$962$621$392$243$88
37 years$1,394$914$581$361$220$77
38 years$1,342$868$544$333$200$68
39 years$1,293$826$510$307$181$59
40 years$1,247$785$478$283$164$52
41 years$1,203$748$448$261$149$45
42 years$1,161$712$420$241$135$40
43 years$1,121$678$395$223$123$35
44 years$1,084$647$370$205$111$30
45 years$1,048$617$348$190$101$27
46 years$1,013$588$327$175$92$23
47 years$980$561$307$162$83$21
48 years$949$536$288$150$76$18
49 years$919$512$271$138$69$16
50 years$890$489$255$128$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $912,000, adding $5,453 every year, while hoping to spend $41,896 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: 45/49/6 Blend
29$912,000$912,000$912,000$912,000
30$1,010,649$962,313$948,177$1,054,211
31$1,069,158$964,889$935,364$1,087,366
32$1,132,231$966,187$920,717$1,118,504
33$1,200,289$966,101$904,132$1,151,285
34$1,273,795$964,516$885,496$1,185,874
35$1,353,257$961,313$864,696$1,222,454
36$1,439,235$956,363$841,609$1,261,229
37$1,532,343$949,531$816,108$1,302,425
38$1,633,256$940,672$788,063$1,346,298
39$1,742,718$929,635$757,333$1,393,127
40$1,861,546$916,257$723,774$1,443,225
41$1,990,637$900,368$687,234$1,496,942
42$2,130,982$881,785$647,556$1,554,665
43$2,283,666$860,317$604,573$1,616,823
44$2,449,887$835,759$558,113$1,683,894
45$2,630,961$807,897$507,995$1,756,411
46$2,828,337$776,502$454,031$1,834,961
47$3,043,609$741,332$396,023$1,920,201
48$3,278,532$702,133$333,765$2,012,856
49$3,535,039$658,634$267,043$2,113,733
50$3,815,256$610,550$195,631$2,223,724
51$4,121,523$557,578$119,296$2,343,823
52$4,456,418$499,399$37,793$2,475,127
53$4,822,780$435,677$0$2,618,855
54$5,223,733$366,054$0$2,779,506
55$5,662,717$290,154$0$2,958,213
56$6,143,521$207,579$0$3,154,229
57$6,670,319$117,909$0$3,369,407
58$7,247,705$20,700$0$3,605,797
59$7,880,740$0$0$3,865,670
60$8,574,999$0$0$4,197,104
61$9,336,620$0$0$4,573,052
62$10,172,367$0$0$4,985,704
63$11,089,687$0$0$5,438,752
64$12,096,785$0$0$5,936,262
65$13,202,700$0$0$6,482,716
66$14,417,387$0$0$7,083,047
67$15,751,815$0$0$7,742,694
68$17,218,066$0$0$8,467,646
69$18,829,451$0$0$9,264,502
70$20,600,635$0$0$10,140,532
71$22,547,772$0$0$11,103,744
72$24,688,662$0$0$12,162,964
73$27,042,915$0$0$13,327,914
74$29,632,136$0$0$14,609,305
75$32,480,129$0$0$16,018,938
76$35,613,122$0$0$17,569,819
77$39,060,010$0$0$19,276,272
78$42,852,632$0$0$21,154,086
79$47,026,070$0$0$23,220,653
80$51,618,977$0$0$25,495,139
81$56,673,941$0$0$27,998,660
82$62,237,892$0$0$30,754,486
83$68,362,537$0$0$33,788,255
84$75,104,851$0$0$37,128,218
85$82,527,616$0$0$40,805,504
86$90,700,008$0$0$44,854,415
87$99,698,253$0$0$49,312,748
88$109,606,344$0$0$54,222,150
89$120,516,835$0$0$59,628,516
90$132,531,712$0$0$65,582,417
91$145,763,354$0$0$72,139,576
92$160,335,596$0$0$79,361,400
93$176,384,894$0$0$87,315,553
94$194,061,616$0$0$96,076,597
95$213,531,455$0$0$105,726,696
96$234,976,998$0$0$116,356,388
97$258,599,444$0$0$128,065,445
98$284,620,506$0$0$140,963,808
99$313,284,499$0$0$155,172,628
100$344,860,650$0$0$170,825,409