Can I retire at age 30 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$75,725$75,050$74,392$73,750$73,123$72,359
2 years$37,488$36,789$36,113$35,457$34,820$34,051
3 years$24,743$24,042$23,367$22,717$22,092$21,341
4 years$18,373$17,674$17,005$16,367$15,756$15,030
5 years$14,551$13,856$13,197$12,571$11,977$11,277
6 years$12,004$11,315$10,665$10,053$9,477$8,805
7 years$10,186$9,502$8,863$8,265$7,708$7,062
8 years$8,823$8,145$7,516$6,934$6,394$5,777
9 years$7,763$7,092$6,474$5,906$5,385$4,795
10 years$6,916$6,251$5,644$5,091$4,588$4,025
11 years$6,223$5,565$4,969$4,431$3,946$3,409
12 years$5,646$4,995$4,410$3,886$3,419$2,908
13 years$5,158$4,514$3,940$3,431$2,982$2,496
14 years$4,741$4,103$3,540$3,046$2,614$2,153
15 years$4,379$3,748$3,196$2,716$2,301$1,864
16 years$4,063$3,439$2,898$2,432$2,034$1,620
17 years$3,784$3,167$2,637$2,185$1,804$1,412
18 years$3,537$2,926$2,407$1,969$1,604$1,234
19 years$3,315$2,712$2,204$1,779$1,429$1,080
20 years$3,117$2,520$2,022$1,612$1,277$948
21 years$2,937$2,348$1,860$1,463$1,143$833
22 years$2,774$2,191$1,714$1,330$1,024$733
23 years$2,625$2,050$1,583$1,211$919$645
24 years$2,489$1,920$1,464$1,105$826$569
25 years$2,364$1,802$1,356$1,009$744$502
26 years$2,249$1,694$1,258$922$670$444
27 years$2,142$1,594$1,168$844$604$392
28 years$2,044$1,502$1,086$774$545$347
29 years$1,952$1,417$1,010$709$492$307
30 years$1,867$1,338$941$651$445$272
31 years$1,787$1,265$877$598$402$241
32 years$1,712$1,197$818$549$364$214
33 years$1,642$1,134$764$505$329$189
34 years$1,576$1,074$714$465$298$168
35 years$1,515$1,019$668$428$270$149
36 years$1,456$967$625$394$244$132
37 years$1,401$919$585$363$222$117
38 years$1,349$873$547$335$201$104
39 years$1,300$830$513$309$182$92
40 years$1,254$790$481$285$165$82
41 years$1,209$752$451$263$150$73
42 years$1,167$716$423$242$136$65
43 years$1,128$682$397$224$123$57
44 years$1,090$650$372$207$112$51
45 years$1,053$620$350$191$102$45
46 years$1,019$592$328$176$92$40
47 years$986$565$309$163$84$36
48 years$954$539$290$150$76$32
49 years$924$515$273$139$69$28
50 years$895$492$256$129$63$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $917,000, adding $3,404 every year, while hoping to spend $48,692 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: 43/49/8 Blend
29$917,000$917,000$917,000$917,000
30$1,014,045$965,444$951,231$1,055,163
31$1,065,670$960,943$931,289$1,079,567
32$1,120,928$954,589$909,047$1,100,762
33$1,180,140$946,241$884,377$1,122,608
34$1,243,655$935,747$857,144$1,145,182
35$1,311,857$922,948$827,208$1,168,572
36$1,385,168$907,675$794,421$1,192,880
37$1,464,051$889,747$758,630$1,218,220
38$1,549,015$868,975$719,675$1,244,722
39$1,640,617$845,157$677,387$1,272,533
40$1,739,471$818,081$631,591$1,301,820
41$1,846,251$787,521$582,103$1,332,771
42$1,961,697$753,238$528,732$1,365,598
43$2,086,623$714,980$471,277$1,400,542
44$2,221,924$672,479$409,530$1,437,872
45$2,368,584$625,454$343,273$1,477,891
46$2,527,683$573,605$272,276$1,520,938
47$2,700,411$516,616$196,302$1,567,397
48$2,888,078$454,155$115,103$1,617,694
49$3,092,122$385,868$28,419$1,672,310
50$3,314,126$311,383$0$1,731,781
51$3,555,832$230,307$0$1,802,178
52$3,819,158$142,223$0$1,881,645
53$4,106,214$46,693$0$1,968,528
54$4,419,320$0$0$2,063,688
55$4,761,032$0$0$2,198,683
56$5,134,164$0$0$2,373,688
57$5,541,812$0$0$2,564,991
58$5,987,385$0$0$2,774,207
59$6,474,636$0$0$3,003,112
60$7,007,697$0$0$3,253,663
61$7,591,119$0$0$3,528,012
62$8,229,913$0$0$3,828,534
63$8,929,594$0$0$4,157,839
64$9,696,241$0$0$4,518,806
65$10,536,544$0$0$4,914,603
66$11,457,874$0$0$5,348,719
67$12,468,347$0$0$5,825,000
68$13,576,905$0$0$6,347,679
69$14,793,394$0$0$6,921,419
70$16,128,661$0$0$7,551,359
71$17,594,656$0$0$8,243,157
72$19,204,539$0$0$9,003,047
73$20,972,811$0$0$9,837,898
74$22,915,442$0$0$10,755,275
75$25,050,029$0$0$11,763,512
76$27,395,956$0$0$12,871,792
77$29,974,579$0$0$14,090,231
78$32,809,425$0$0$15,429,975
79$35,926,414$0$0$16,903,303
80$39,354,104$0$0$18,523,744
81$43,123,960$0$0$20,306,203
82$47,270,647$0$0$22,267,104
83$51,832,359$0$0$24,424,541
84$56,851,179$0$0$26,798,452
85$62,373,474$0$0$29,410,803
86$68,450,332$0$0$32,285,801
87$75,138,046$0$0$35,450,113
88$82,498,638$0$0$38,933,127
89$90,600,450$0$0$42,767,222
90$99,518,787$0$0$46,988,077
91$109,336,622$0$0$51,635,004
92$120,145,384$0$0$56,751,324
93$132,045,817$0$0$62,384,769
94$145,148,932$0$0$68,587,937
95$159,577,048$0$0$75,418,786
96$175,464,955$0$0$82,941,180
97$192,961,176$0$0$91,225,493
98$212,229,374$0$0$100,349,272
99$233,449,892$0$0$110,397,968
100$256,821,457$0$0$121,465,743