Can I retire at age 30 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$75,808$75,132$74,474$73,830$73,203$71,002
2 years$37,529$36,830$36,152$35,495$34,858$32,659
3 years$24,770$24,069$23,393$22,742$22,116$19,988
4 years$18,393$17,693$17,024$16,385$15,773$13,732
5 years$14,567$13,871$13,211$12,585$11,990$10,043
6 years$12,017$11,327$10,677$10,064$9,488$7,634
7 years$10,197$9,512$8,872$8,274$7,716$5,957
8 years$8,832$8,154$7,525$6,941$6,401$4,736
9 years$7,771$7,099$6,481$5,912$5,391$3,817
10 years$6,923$6,258$5,650$5,096$4,593$3,109
11 years$6,230$5,571$4,974$4,435$3,950$2,553
12 years$5,652$5,000$4,415$3,890$3,423$2,110
13 years$5,164$4,519$3,944$3,435$2,985$1,753
14 years$4,746$4,107$3,544$3,049$2,617$1,462
15 years$4,384$3,752$3,200$2,719$2,304$1,224
16 years$4,067$3,443$2,901$2,435$2,036$1,028
17 years$3,788$3,170$2,640$2,188$1,805$865
18 years$3,540$2,930$2,410$1,971$1,605$729
19 years$3,319$2,715$2,206$1,781$1,431$616
20 years$3,120$2,523$2,025$1,613$1,278$520
21 years$2,940$2,350$1,862$1,464$1,144$441
22 years$2,777$2,194$1,716$1,331$1,025$373
23 years$2,628$2,052$1,585$1,212$920$317
24 years$2,492$1,922$1,466$1,106$827$269
25 years$2,367$1,804$1,357$1,010$744$228
26 years$2,251$1,696$1,259$923$670$194
27 years$2,145$1,596$1,169$845$604$165
28 years$2,046$1,504$1,087$774$545$140
29 years$1,954$1,418$1,011$710$493$119
30 years$1,869$1,340$942$652$445$101
31 years$1,789$1,266$878$599$402$86
32 years$1,714$1,198$819$550$364$73
33 years$1,644$1,135$765$506$329$62
34 years$1,578$1,076$715$465$298$53
35 years$1,516$1,020$668$428$270$45
36 years$1,458$968$625$395$245$38
37 years$1,403$920$585$364$222$33
38 years$1,351$874$548$335$201$28
39 years$1,302$831$513$309$182$24
40 years$1,255$791$481$285$165$20
41 years$1,211$753$451$263$150$17
42 years$1,169$717$423$243$136$15
43 years$1,129$683$397$224$124$12
44 years$1,091$651$373$207$112$11
45 years$1,054$621$350$191$102$9
46 years$1,020$592$329$176$92$8
47 years$987$565$309$163$84$7
48 years$955$539$290$151$76$6
49 years$925$515$273$139$69$5
50 years$896$492$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $918,000, adding $2,446 every year, while hoping to spend $38,158 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: 57/21/22 Blend
29$918,000$918,000$918,000$918,000
30$1,014,159$965,505$951,276$1,065,825
31$1,077,003$972,215$942,544$1,108,062
32$1,144,979$977,975$932,240$1,149,783
33$1,218,569$982,698$920,273$1,194,427
34$1,298,304$986,291$906,543$1,242,285
35$1,384,769$988,657$890,950$1,293,680
36$1,478,606$989,691$873,387$1,348,966
37$1,580,520$989,283$853,742$1,408,539
38$1,691,289$987,314$831,898$1,472,834
39$1,811,768$983,659$807,734$1,542,333
40$1,942,896$978,187$781,121$1,617,568
41$2,085,709$970,755$751,926$1,699,127
42$2,241,345$961,216$720,009$1,787,662
43$2,411,057$949,410$685,224$1,883,891
44$2,596,224$935,170$647,418$1,988,610
45$2,798,364$918,319$606,432$2,102,696
46$3,019,148$898,667$562,098$2,227,119
47$3,260,415$876,016$514,243$2,362,953
48$3,524,191$850,155$462,684$2,511,381
49$3,812,706$820,860$407,231$2,673,711
50$4,128,414$787,894$347,685$2,851,388
51$4,474,019$751,007$283,840$3,046,009
52$4,852,497$709,935$215,477$3,259,335
53$5,267,128$664,398$142,371$3,493,313
54$5,721,520$614,099$64,286$3,750,093
55$6,219,651$558,725$0$4,032,045
56$6,765,899$497,946$0$4,346,262
57$7,365,087$431,412$0$4,707,558
58$8,022,528$358,753$0$5,104,083
59$8,744,073$279,579$0$5,539,426
60$9,536,168$193,478$0$6,017,543
61$10,405,913$100,015$0$6,542,799
62$11,361,129$0$0$7,120,005
63$12,410,433$0$0$7,754,759
64$13,563,315$0$0$8,477,647
65$14,830,233$0$0$9,272,126
66$16,222,705$0$0$10,145,428
67$17,753,422$0$0$11,105,524
68$19,436,367$0$0$12,161,197
69$21,286,943$0$0$13,322,119
70$23,322,121$0$0$14,598,951
71$25,560,602$0$0$16,003,436
72$28,022,985$0$0$17,548,513
73$30,731,970$0$0$19,248,439
74$33,712,567$0$0$21,118,922
75$36,992,332$0$0$23,177,269
76$40,601,627$0$0$25,442,550
77$44,573,907$0$0$27,935,777
78$48,946,033$0$0$30,680,104
79$53,758,621$0$0$33,701,040
80$59,056,427$0$0$37,026,697
81$64,888,763$0$0$40,688,046
82$71,309,968$0$0$44,719,220
83$78,379,916$0$0$49,157,824
84$86,164,583$0$0$54,045,299
85$94,736,669$0$0$59,427,309
86$104,176,281$0$0$65,354,168
87$114,571,693$0$0$71,881,324
88$126,020,174$0$0$79,069,872
89$138,628,907$0$0$86,987,136
90$152,516,005$0$0$95,707,303
91$167,811,615$0$0$105,312,124
92$184,659,155$0$0$115,891,680
93$203,216,662$0$0$127,545,239
94$223,658,288$0$0$140,382,188
95$246,175,935$0$0$154,523,068
96$270,981,073$0$0$170,100,706
97$298,306,735$0$0$187,261,477
98$328,409,710$0$0$206,166,677
99$361,572,973$0$0$226,994,050
100$398,108,351$0$0$249,939,464