Can I retire at age 30 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$75,890$75,214$74,555$73,911$73,282$70,710
2 years$37,569$36,870$36,192$35,534$34,896$32,332
3 years$24,797$24,095$23,418$22,767$22,140$19,664
4 years$18,413$17,712$17,043$16,402$15,790$13,422
5 years$14,583$13,887$13,226$12,599$12,003$9,748
6 years$12,031$11,339$10,688$10,075$9,498$7,358
7 years$10,208$9,523$8,882$8,283$7,724$5,699
8 years$8,842$8,163$7,533$6,949$6,408$4,496
9 years$7,780$7,107$6,488$5,919$5,397$3,595
10 years$6,931$6,265$5,656$5,102$4,598$2,904
11 years$6,236$5,577$4,980$4,440$3,955$2,365
12 years$5,658$5,006$4,419$3,895$3,427$1,938
13 years$5,170$4,524$3,948$3,438$2,988$1,596
14 years$4,751$4,112$3,548$3,052$2,620$1,319
15 years$4,388$3,756$3,203$2,722$2,306$1,094
16 years$4,072$3,446$2,904$2,437$2,038$910
17 years$3,792$3,174$2,643$2,190$1,807$758
18 years$3,544$2,933$2,412$1,974$1,607$633
19 years$3,323$2,718$2,208$1,783$1,432$529
20 years$3,123$2,526$2,027$1,615$1,279$443
21 years$2,943$2,353$1,864$1,466$1,145$371
22 years$2,780$2,196$1,718$1,333$1,026$312
23 years$2,631$2,054$1,586$1,214$921$261
24 years$2,495$1,924$1,467$1,107$828$220
25 years$2,369$1,806$1,359$1,011$745$185
26 years$2,254$1,697$1,260$924$671$155
27 years$2,147$1,597$1,170$846$605$130
28 years$2,048$1,505$1,088$775$546$110
29 years$1,956$1,420$1,012$711$493$92
30 years$1,871$1,341$943$652$446$78
31 years$1,791$1,268$879$599$403$65
32 years$1,716$1,200$820$551$364$55
33 years$1,646$1,136$766$506$330$46
34 years$1,580$1,077$716$466$299$39
35 years$1,518$1,021$669$429$270$33
36 years$1,460$969$626$395$245$28
37 years$1,404$921$586$364$222$23
38 years$1,352$875$549$335$201$20
39 years$1,303$832$514$309$183$17
40 years$1,256$792$482$285$166$14
41 years$1,212$753$452$263$150$12
42 years$1,170$718$424$243$136$10
43 years$1,130$684$398$224$124$8
44 years$1,092$652$373$207$112$7
45 years$1,056$621$350$191$102$6
46 years$1,021$593$329$177$93$5
47 years$988$566$309$163$84$4
48 years$956$540$291$151$76$4
49 years$926$516$273$139$69$3
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $919,000, adding $5,597 every year, while hoping to spend $58,410 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: 62/30/8 Blend
29$919,000$919,000$919,000$919,000
30$1,018,511$969,804$955,560$1,079,625
31$1,060,252$955,177$925,423$1,106,525
32$1,104,292$937,875$892,320$1,128,591
33$1,150,805$917,706$856,087$1,151,190
34$1,199,979$894,466$816,559$1,174,374
35$1,252,021$867,939$773,557$1,198,201
36$1,307,155$837,895$726,899$1,222,737
37$1,365,626$804,094$676,391$1,248,058
38$1,427,703$766,278$621,834$1,274,250
39$1,493,680$724,177$563,017$1,301,412
40$1,563,878$677,503$499,720$1,329,655
41$1,638,647$625,955$431,715$1,359,104
42$1,718,374$569,212$358,762$1,389,903
43$1,803,480$506,934$280,612$1,422,212
44$1,894,425$438,765$197,003$1,456,213
45$1,991,718$364,326$107,664$1,492,111
46$2,095,912$283,217$12,309$1,530,135
47$2,207,617$195,016$0$1,570,545
48$2,327,500$99,278$0$1,621,267
49$2,456,294$0$0$1,676,609
50$2,594,805$0$0$1,737,387
51$2,743,914$0$0$1,838,147
52$2,904,592$0$0$1,946,776
53$3,077,905$0$0$2,064,000
54$3,265,022$0$0$2,190,620
55$3,467,231$0$0$2,327,511
56$3,685,943$0$0$2,475,639
57$3,922,714$0$0$2,636,063
58$4,179,251$0$0$2,809,951
59$4,457,431$0$0$2,998,582
60$4,759,321$0$0$3,203,367
61$5,087,191$0$0$3,425,857
62$5,443,540$0$0$3,667,757
63$5,831,116$0$0$3,930,943
64$6,252,944$0$0$4,217,479
65$6,712,351$0$0$4,529,639
66$7,212,998$0$0$4,869,920
67$7,758,914$0$0$5,241,076
68$8,354,534$0$0$5,646,134
69$9,004,741$0$0$6,088,428
70$9,714,907$0$0$6,571,627
71$10,490,948$0$0$7,099,770
72$11,339,377$0$0$7,677,306
73$12,267,363$0$0$8,309,132
74$13,282,802$0$0$9,000,640
75$14,394,387$0$0$9,757,766
76$15,611,691$0$0$10,587,050
77$16,945,256$0$0$11,495,691
78$18,406,692$0$0$12,491,620
79$20,008,784$0$0$13,583,569
80$21,765,615$0$0$14,781,158
81$23,692,694$0$0$16,094,982
82$25,807,106$0$0$17,536,709
83$28,127,667$0$0$19,119,193
84$30,675,105$0$0$20,856,593
85$33,472,251$0$0$22,764,507
86$36,544,257$0$0$24,860,115
87$39,918,830$0$0$27,162,344
88$43,626,492$0$0$29,692,045
89$47,700,867$0$0$32,472,188
90$52,178,999$0$0$35,528,081
91$57,101,699$0$0$38,887,601
92$62,513,929$0$0$42,581,466
93$68,465,223$0$0$46,643,516
94$75,010,158$0$0$51,111,035
95$82,208,863$0$0$56,025,103
96$90,127,587$0$0$61,430,979
97$98,839,324$0$0$67,378,531
98$108,424,498$0$0$73,922,703
99$118,971,722$0$0$81,124,035
100$130,578,633$0$0$89,049,231