Can I retire at age 30 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$75,477$74,805$74,149$73,509$72,884$70,382
2 years$37,365$36,669$35,995$35,341$34,706$32,211
3 years$24,663$23,964$23,291$22,643$22,019$19,609
4 years$18,313$17,616$16,950$16,313$15,704$13,398
5 years$14,504$13,811$13,154$12,530$11,938$9,741
6 years$11,965$11,278$10,630$10,020$9,446$7,361
7 years$10,153$9,471$8,834$8,238$7,682$5,708
8 years$8,794$8,118$7,492$6,911$6,373$4,508
9 years$7,738$7,069$6,453$5,887$5,367$3,609
10 years$6,893$6,231$5,626$5,074$4,573$2,919
11 years$6,203$5,547$4,953$4,416$3,933$2,380
12 years$5,628$4,978$4,395$3,874$3,408$1,953
13 years$5,141$4,499$3,927$3,420$2,972$1,610
14 years$4,725$4,090$3,528$3,036$2,605$1,333
15 years$4,365$3,736$3,186$2,707$2,294$1,107
16 years$4,049$3,428$2,888$2,424$2,027$922
17 years$3,772$3,157$2,628$2,178$1,798$770
18 years$3,525$2,917$2,399$1,963$1,598$644
19 years$3,305$2,703$2,196$1,774$1,425$539
20 years$3,106$2,512$2,016$1,606$1,273$452
21 years$2,927$2,340$1,854$1,458$1,139$379
22 years$2,765$2,184$1,709$1,326$1,021$319
23 years$2,617$2,043$1,578$1,207$916$268
24 years$2,481$1,914$1,459$1,101$824$225
25 years$2,356$1,796$1,351$1,006$741$190
26 years$2,242$1,688$1,253$919$668$160
27 years$2,135$1,589$1,164$842$602$134
28 years$2,037$1,497$1,082$771$543$113
29 years$1,946$1,412$1,007$707$490$95
30 years$1,861$1,334$938$649$443$80
31 years$1,781$1,261$874$596$401$68
32 years$1,707$1,193$816$548$362$57
33 years$1,637$1,130$762$504$328$48
34 years$1,571$1,071$712$463$297$41
35 years$1,510$1,016$665$427$269$34
36 years$1,452$964$622$393$244$29
37 years$1,397$916$583$362$221$24
38 years$1,345$870$546$334$200$21
39 years$1,296$827$511$308$182$17
40 years$1,250$787$479$284$165$15
41 years$1,206$749$449$262$149$12
42 years$1,164$714$421$242$136$10
43 years$1,124$680$395$223$123$9
44 years$1,086$648$371$206$112$7
45 years$1,050$618$349$190$101$6
46 years$1,015$590$327$176$92$5
47 years$983$563$308$162$84$4
48 years$951$537$289$150$76$4
49 years$921$513$272$139$69$3
50 years$892$490$255$128$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $914,000, adding $3,323 every year, while hoping to spend $51,287 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: 73/9/18 Blend
29$914,000$914,000$914,000$914,000
30$1,010,656$962,214$948,047$1,079,949
31$1,059,174$954,793$925,237$1,118,960
32$1,110,921$945,290$899,945$1,155,132
33$1,166,174$933,548$872,032$1,193,430
34$1,225,234$919,402$841,355$1,234,055
35$1,288,432$902,677$807,764$1,277,227
36$1,356,129$883,185$771,102$1,323,192
37$1,428,725$860,732$731,204$1,372,220
38$1,506,655$835,108$687,899$1,424,612
39$1,590,398$806,092$641,008$1,480,699
40$1,680,480$773,452$590,343$1,540,846
41$1,777,477$736,940$535,709$1,605,459
42$1,882,025$696,295$476,900$1,674,985
43$1,994,819$651,240$413,703$1,749,918
44$2,116,623$601,484$345,895$1,830,805
45$2,248,280$546,718$273,243$1,918,250
46$2,390,711$486,614$195,504$2,012,920
47$2,544,934$420,828$112,423$2,115,552
48$2,712,064$348,995$23,736$2,226,960
49$2,893,329$270,730$0$2,348,046
50$3,090,078$185,626$0$2,493,421
51$3,303,798$93,254$0$2,656,316
52$3,536,121$0$0$2,833,437
53$3,788,844$0$0$3,026,862
54$4,063,944$0$0$3,247,504
55$4,363,596$0$0$3,487,876
56$4,690,194$0$0$3,749,904
57$5,046,372$0$0$4,035,706
58$5,435,032$0$0$4,347,614
59$5,859,363$0$0$4,688,194
60$6,322,879$0$0$5,060,274
61$6,829,449$0$0$5,466,963
62$7,383,330$0$0$5,911,686
63$7,989,212$0$0$6,398,214
64$8,652,256$0$0$6,930,700
65$9,378,147$0$0$7,513,715
66$10,173,145$0$0$8,152,294
67$11,044,143$0$0$8,851,982
68$11,998,733$0$0$9,618,885
69$13,045,277$0$0$10,459,729
70$14,192,981$0$0$11,381,919
71$15,451,990$0$0$12,393,614
72$16,833,474$0$0$13,503,801
73$18,349,740$0$0$14,722,377
74$20,014,341$0$0$16,060,245
75$21,842,208$0$0$17,529,416
76$23,849,789$0$0$19,143,120
77$26,055,204$0$0$20,915,930
78$28,478,412$0$0$22,863,904
79$31,141,403$0$0$25,004,730
80$34,068,402$0$0$27,357,895
81$37,286,099$0$0$29,944,866
82$40,823,896$0$0$32,789,298
83$44,714,188$0$0$35,917,248
84$48,992,668$0$0$39,357,427
85$53,698,657$0$0$43,141,468
86$58,875,483$0$0$47,304,224
87$64,570,882$0$0$51,884,094
88$70,837,449$0$0$56,923,387
89$77,733,137$0$0$62,468,723
90$85,321,798$0$0$68,571,467
91$93,673,789$0$0$75,288,214
92$102,866,632$0$0$82,681,328
93$112,985,745$0$0$90,819,521
94$124,125,250$0$0$99,778,508
95$136,388,855$0$0$109,641,716
96$149,890,837$0$0$120,501,074
97$164,757,117$0$0$132,457,878
98$181,126,445$0$0$145,623,745
99$199,151,714$0$0$160,121,668
100$219,001,398$0$0$176,087,175