Can I retire at age 30 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$75,560$74,887$74,230$73,589$72,963$71,286
2 years$37,406$36,709$36,034$35,379$34,744$33,064
3 years$24,690$23,990$23,316$22,668$22,043$20,412
4 years$18,333$17,635$16,968$16,331$15,721$14,152
5 years$14,519$13,826$13,168$12,544$11,951$10,448
6 years$11,978$11,290$10,642$10,031$9,457$8,021
7 years$10,164$9,481$8,843$8,247$7,691$6,323
8 years$8,803$8,127$7,500$6,918$6,380$5,080
9 years$7,746$7,076$6,460$5,893$5,373$4,139
10 years$6,901$6,237$5,632$5,080$4,578$3,410
11 years$6,209$5,553$4,958$4,421$3,937$2,832
12 years$5,634$4,984$4,400$3,878$3,412$2,369
13 years$5,147$4,504$3,931$3,424$2,975$1,992
14 years$4,730$4,094$3,532$3,039$2,608$1,682
15 years$4,369$3,740$3,189$2,710$2,296$1,426
16 years$4,054$3,431$2,891$2,427$2,030$1,213
17 years$3,776$3,160$2,631$2,180$1,800$1,034
18 years$3,529$2,920$2,402$1,965$1,600$883
19 years$3,308$2,706$2,199$1,776$1,426$756
20 years$3,110$2,515$2,018$1,608$1,274$648
21 years$2,931$2,342$1,856$1,459$1,140$556
22 years$2,768$2,187$1,711$1,327$1,022$478
23 years$2,620$2,045$1,580$1,208$917$411
24 years$2,484$1,916$1,461$1,102$824$354
25 years$2,359$1,798$1,353$1,007$742$305
26 years$2,244$1,690$1,255$920$668$263
27 years$2,138$1,590$1,165$842$603$226
28 years$2,039$1,499$1,083$772$544$195
29 years$1,948$1,414$1,008$708$491$169
30 years$1,863$1,335$939$650$444$146
31 years$1,783$1,262$875$597$401$126
32 years$1,708$1,194$817$548$363$109
33 years$1,639$1,131$763$504$328$94
34 years$1,573$1,072$712$464$297$81
35 years$1,511$1,017$666$427$269$70
36 years$1,453$965$623$393$244$61
37 years$1,398$917$583$362$221$52
38 years$1,347$871$546$334$200$45
39 years$1,297$828$512$308$182$39
40 years$1,251$788$480$284$165$34
41 years$1,207$750$450$262$150$29
42 years$1,165$714$422$242$136$25
43 years$1,125$681$396$223$123$22
44 years$1,087$649$372$206$112$19
45 years$1,051$619$349$190$101$16
46 years$1,017$590$328$176$92$14
47 years$984$563$308$162$84$12
48 years$952$538$289$150$76$11
49 years$922$514$272$139$69$9
50 years$893$491$256$128$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $915,000, adding $4,111 every year, while hoping to spend $24,743 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: 46/46/8 Blend
29$915,000$915,000$915,000$915,000
30$1,012,570$964,075$949,893$1,056,728
31$1,089,526$984,989$955,388$1,108,490
32$1,173,502$1,006,098$960,238$1,161,706
33$1,265,189$1,027,385$964,395$1,218,861
34$1,365,344$1,048,834$967,809$1,280,327
35$1,474,806$1,070,423$970,427$1,346,516
36$1,594,494$1,092,132$972,194$1,417,877
37$1,725,422$1,113,935$973,051$1,494,909
38$1,868,705$1,135,809$972,939$1,578,159
39$2,025,573$1,157,723$971,793$1,668,233
40$2,197,378$1,179,649$969,545$1,765,795
41$2,385,612$1,201,553$966,125$1,871,581
42$2,591,915$1,223,399$961,461$1,986,397
43$2,818,094$1,245,149$955,473$2,111,136
44$3,066,140$1,266,762$948,082$2,246,780
45$3,338,245$1,288,192$939,202$2,394,413
46$3,636,825$1,309,393$928,745$2,555,227
47$3,964,540$1,330,312$916,617$2,730,539
48$4,324,320$1,350,894$902,720$2,921,799
49$4,719,392$1,371,079$886,953$3,130,607
50$5,153,313$1,390,805$869,208$3,358,726
51$5,629,998$1,410,002$849,374$3,608,098
52$6,153,763$1,428,597$827,333$3,880,868
53$6,729,362$1,446,513$802,964$4,179,395
54$7,362,031$1,463,667$776,137$4,506,285
55$8,057,540$1,479,968$746,720$4,864,409
56$8,822,245$1,495,323$714,571$5,256,930
57$9,663,150$1,509,629$679,544$5,687,339
58$10,587,969$1,522,779$641,487$6,159,481
59$11,605,204$1,534,657$600,239$6,677,597
60$12,724,221$1,545,141$555,633$7,246,363
61$13,955,339$1,554,101$507,494$7,870,931
62$15,309,928$1,561,396$455,640$8,556,985
63$16,800,517$1,566,880$399,880$9,310,786
64$18,440,908$1,570,396$340,015$10,139,242
65$20,246,311$1,571,776$275,836$11,049,963
66$22,233,486$1,570,844$207,127$12,051,342
67$24,420,896$1,567,410$133,660$13,152,630
68$26,828,890$1,561,275$55,200$14,364,026
69$29,479,886$1,552,228$0$15,696,771
70$32,398,589$1,540,042$0$17,165,695
71$35,612,221$1,524,479$0$18,787,209
72$39,150,775$1,505,286$0$20,571,682
73$43,047,304$1,482,195$0$22,535,737
74$47,338,229$1,454,922$0$24,697,700
75$52,063,681$1,423,166$0$27,077,769
76$57,267,883$1,386,608$0$29,698,209
77$62,999,565$1,344,910$0$32,583,557
78$69,312,425$1,297,715$0$35,760,862
79$76,265,635$1,244,646$0$39,259,937
80$83,924,397$1,185,301$0$43,113,642
81$92,360,562$1,119,257$0$47,358,194
82$101,653,307$1,046,068$0$52,033,514
83$111,889,878$965,259$0$57,183,601
84$123,166,420$876,331$0$62,856,950
85$135,588,877$778,754$0$69,107,013
86$149,273,999$671,970$0$75,992,700
87$164,350,438$555,387$0$83,578,945
88$180,959,964$428,382$0$91,937,311
89$199,258,804$290,296$0$101,146,676
90$219,419,114$140,433$0$111,293,973
91$241,630,608$0$0$122,475,016
92$266,102,342$0$0$134,806,513
93$293,064,693$0$0$148,471,557
94$322,771,532$0$0$163,527,750
95$355,502,617$0$0$180,116,907
96$391,566,236$0$0$198,395,301
97$431,302,119$0$0$218,535,145
98$475,084,640$0$0$240,726,213
99$523,326,354$0$0$265,177,637
100$576,481,890$0$0$292,119,872