Can I retire at age 30 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$75,973$75,296$74,636$73,991$73,362$72,566
2 years$37,610$36,910$36,231$35,573$34,934$34,133
3 years$24,824$24,121$23,444$22,792$22,164$21,381
4 years$18,433$17,731$17,061$16,420$15,807$15,050
5 years$14,599$13,902$13,240$12,612$12,017$11,287
6 years$12,044$11,352$10,700$10,086$9,508$8,808
7 years$10,219$9,533$8,892$8,292$7,733$7,061
8 years$8,852$8,172$7,541$6,956$6,415$5,772
9 years$7,788$7,115$6,495$5,925$5,402$4,788
10 years$6,938$6,271$5,662$5,108$4,603$4,017
11 years$6,243$5,583$4,985$4,445$3,959$3,400
12 years$5,664$5,011$4,424$3,899$3,431$2,899
13 years$5,175$4,529$3,953$3,442$2,992$2,486
14 years$4,756$4,116$3,552$3,056$2,622$2,143
15 years$4,393$3,760$3,207$2,725$2,309$1,855
16 years$4,076$3,450$2,907$2,440$2,041$1,610
17 years$3,796$3,177$2,645$2,192$1,809$1,403
18 years$3,548$2,936$2,415$1,976$1,609$1,225
19 years$3,326$2,721$2,211$1,785$1,434$1,072
20 years$3,127$2,529$2,029$1,617$1,281$939
21 years$2,947$2,355$1,866$1,467$1,146$825
22 years$2,783$2,199$1,720$1,334$1,027$725
23 years$2,634$2,056$1,588$1,215$922$638
24 years$2,497$1,927$1,469$1,108$829$562
25 years$2,372$1,808$1,360$1,012$746$496
26 years$2,256$1,699$1,262$925$672$438
27 years$2,150$1,599$1,172$847$606$387
28 years$2,050$1,507$1,089$776$547$342
29 years$1,958$1,422$1,014$712$494$302
30 years$1,873$1,343$944$653$446$268
31 years$1,793$1,269$880$600$403$237
32 years$1,718$1,201$821$551$365$210
33 years$1,648$1,137$767$507$330$186
34 years$1,582$1,078$716$466$299$165
35 years$1,520$1,022$670$429$271$146
36 years$1,461$970$627$395$245$129
37 years$1,406$922$586$364$222$115
38 years$1,354$876$549$336$202$102
39 years$1,305$833$515$310$183$90
40 years$1,258$792$482$286$166$80
41 years$1,213$754$452$264$150$71
42 years$1,171$718$424$243$136$63
43 years$1,131$684$398$224$124$56
44 years$1,093$652$374$207$112$50
45 years$1,057$622$351$191$102$44
46 years$1,022$593$330$177$93$39
47 years$989$566$310$163$84$35
48 years$957$541$291$151$76$31
49 years$927$516$273$140$69$27
50 years$898$493$257$129$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $920,000, adding $5,217 every year, while hoping to spend $48,841 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: 74/6/20 Blend
29$920,000$920,000$920,000$920,000
30$1,019,221$970,461$956,201$1,089,424
31$1,071,215$966,047$936,268$1,132,308
32$1,126,876$959,780$914,029$1,172,846
33$1,186,526$951,518$889,357$1,216,013
34$1,250,518$941,109$862,117$1,262,060
35$1,319,240$928,393$832,168$1,311,264
36$1,393,119$913,201$799,362$1,363,931
37$1,472,623$895,353$763,546$1,420,401
38$1,558,264$874,658$724,558$1,481,046
39$1,650,606$850,916$682,231$1,546,279
40$1,750,270$823,913$636,387$1,616,556
41$1,857,935$793,422$586,844$1,692,379
42$1,974,350$759,205$533,408$1,774,304
43$2,100,336$721,010$475,881$1,862,945
44$2,236,799$678,567$414,051$1,958,978
45$2,384,731$631,595$347,700$2,063,151
46$2,545,224$579,795$276,599$2,176,288
47$2,719,482$522,849$200,510$2,299,302
48$2,908,825$460,425$119,183$2,433,197
49$3,114,708$392,168$32,358$2,579,084
50$3,338,730$317,706$0$2,738,187
51$3,582,651$236,645$0$2,924,727
52$3,848,409$148,567$0$3,135,533
53$4,138,134$53,035$0$3,365,403
54$4,454,172$0$0$3,616,221
55$4,799,106$0$0$3,893,390
56$5,175,777$0$0$4,199,922
57$5,587,315$0$0$4,534,867
58$6,037,162$0$0$4,901,032
59$6,529,113$0$0$5,301,510
60$7,067,341$0$0$5,739,705
61$7,656,445$0$0$6,219,364
62$8,301,487$0$0$6,744,617
63$9,008,041$0$0$7,320,009
64$9,782,249$0$0$7,950,544
65$10,630,870$0$0$8,641,737
66$11,561,351$0$0$9,399,659
67$12,581,895$0$0$10,230,998
68$13,701,534$0$0$11,143,119
69$14,930,220$0$0$12,144,136
70$16,278,913$0$0$13,242,986
71$17,759,685$0$0$14,449,514
72$19,385,836$0$0$15,774,564
73$21,172,017$0$0$17,230,081
74$23,134,366$0$0$18,829,226
75$25,290,662$0$0$20,586,496
76$27,660,494$0$0$22,517,864
77$30,265,439$0$0$24,640,926
78$33,129,272$0$0$26,975,066
79$36,278,183$0$0$29,541,642
80$39,741,029$0$0$32,364,186
81$43,549,603$0$0$35,468,621
82$47,738,935$0$0$38,883,513
83$52,347,617$0$0$42,640,332
84$57,418,173$0$0$46,773,754
85$62,997,455$0$0$51,321,984
86$69,137,087$0$0$56,327,119
87$75,893,949$0$0$61,835,542
88$83,330,714$0$0$67,898,360
89$91,516,441$0$0$74,571,887
90$100,527,220$0$0$81,918,172
91$110,446,896$0$0$90,005,587
92$121,367,855$0$0$98,909,468
93$133,391,896$0$0$108,712,830
94$146,631,192$0$0$119,507,145
95$161,209,345$0$0$131,393,206
96$177,262,556$0$0$144,482,080
97$194,940,905$0$0$158,896,152
98$214,409,769$0$0$174,770,282
99$235,851,381$0$0$192,253,076
100$259,466,550$0$0$211,508,284