Can I retire at age 30 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$76,055$75,378$74,717$74,072$73,442$71,091
2 years$37,651$36,950$36,270$35,611$34,972$32,625
3 years$24,851$24,147$23,469$22,817$22,188$19,919
4 years$18,453$17,751$17,080$16,438$15,825$13,651
5 years$14,615$13,917$13,255$12,626$12,030$9,957
6 years$12,057$11,364$10,712$10,097$9,519$7,548
7 years$10,230$9,544$8,901$8,301$7,741$5,873
8 years$8,861$8,181$7,549$6,964$6,422$4,655
9 years$7,797$7,123$6,502$5,932$5,408$3,741
10 years$6,946$6,278$5,669$5,113$4,608$3,037
11 years$6,250$5,589$4,991$4,450$3,963$2,486
12 years$5,671$5,017$4,429$3,903$3,434$2,048
13 years$5,181$4,534$3,957$3,446$2,995$1,696
14 years$4,761$4,121$3,555$3,059$2,625$1,410
15 years$4,398$3,764$3,210$2,728$2,311$1,176
16 years$4,080$3,454$2,910$2,443$2,043$984
17 years$3,800$3,181$2,648$2,195$1,811$825
18 years$3,552$2,939$2,418$1,978$1,611$693
19 years$3,330$2,724$2,213$1,787$1,436$583
20 years$3,130$2,531$2,031$1,619$1,282$491
21 years$2,950$2,358$1,868$1,469$1,147$414
22 years$2,786$2,201$1,722$1,336$1,029$349
23 years$2,637$2,058$1,590$1,216$923$295
24 years$2,500$1,929$1,470$1,109$830$249
25 years$2,374$1,810$1,362$1,013$747$211
26 years$2,259$1,701$1,263$926$673$178
27 years$2,152$1,601$1,173$848$606$151
28 years$2,053$1,509$1,090$777$547$128
29 years$1,961$1,423$1,015$712$494$108
30 years$1,875$1,344$945$654$446$92
31 years$1,795$1,271$881$601$404$78
32 years$1,720$1,202$822$552$365$66
33 years$1,649$1,138$768$508$330$56
34 years$1,583$1,079$717$467$299$47
35 years$1,521$1,023$670$430$271$40
36 years$1,463$971$627$396$246$34
37 years$1,408$923$587$365$223$29
38 years$1,355$877$550$336$202$24
39 years$1,306$834$515$310$183$21
40 years$1,259$793$483$286$166$18
41 years$1,215$755$453$264$151$15
42 years$1,173$719$425$243$137$13
43 years$1,132$685$398$225$124$11
44 years$1,094$653$374$208$113$9
45 years$1,058$623$351$192$102$8
46 years$1,023$594$330$177$93$7
47 years$990$567$310$164$84$6
48 years$958$541$291$151$76$5
49 years$928$517$274$140$69$4
50 years$899$494$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 $921,000, adding $2,813 every year, while hoping to spend $28,471 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: 29/44/27 Blend
29$921,000$921,000$921,000$921,000
30$1,017,844$969,031$954,755$1,038,793
31$1,091,371$986,220$956,446$1,072,695
32$1,171,443$1,003,298$957,240$1,106,446
33$1,258,699$1,020,228$957,076$1,142,159
34$1,353,840$1,036,972$955,892$1,180,023
35$1,457,637$1,053,490$953,620$1,220,248
36$1,570,942$1,069,737$950,192$1,263,065
37$1,694,690$1,085,665$945,535$1,308,732
38$1,829,910$1,101,225$939,573$1,357,532
39$1,977,737$1,116,362$932,225$1,409,782
40$2,139,420$1,131,017$923,408$1,465,831
41$2,316,333$1,145,129$913,034$1,526,063
42$2,509,990$1,158,631$901,011$1,590,907
43$2,722,058$1,171,452$887,244$1,660,837
44$2,954,372$1,183,518$871,631$1,736,375
45$3,208,954$1,194,746$854,067$1,818,102
46$3,488,030$1,205,052$834,441$1,906,658
47$3,794,053$1,214,343$812,638$2,002,753
48$4,129,723$1,222,522$788,538$2,107,171
49$4,498,014$1,229,485$762,014$2,220,779
50$4,902,203$1,235,122$732,933$2,344,537
51$5,345,900$1,239,315$701,158$2,479,506
52$5,833,079$1,241,939$666,544$2,626,857
53$6,368,120$1,242,861$628,941$2,787,889
54$6,955,848$1,241,941$588,190$2,964,032
55$7,601,576$1,239,028$544,126$3,156,871
56$8,311,160$1,233,963$496,578$3,368,155
57$9,091,050$1,226,579$445,364$3,599,818
58$9,948,351$1,216,695$390,298$3,853,995
59$10,890,893$1,204,123$331,183$4,133,046
60$11,927,299$1,188,661$267,813$4,439,578
61$13,067,074$1,170,095$199,974$4,776,469
62$14,320,686$1,148,200$127,444$5,146,899
63$15,699,670$1,122,736$49,988$5,554,378
64$17,216,737$1,093,451$0$6,002,784
65$18,885,889$1,060,075$0$6,505,810
66$20,722,556$1,022,324$0$7,074,748
67$22,743,737$979,899$0$7,700,477
68$24,968,164$932,480$0$8,388,835
69$27,416,477$879,731$0$9,146,262
70$30,111,416$821,297$0$9,979,861
71$33,078,041$756,801$0$10,897,466
72$36,343,963$685,846$0$11,907,717
73$39,939,605$608,010$0$13,020,142
74$43,898,492$522,850$0$14,245,248
75$48,257,565$429,896$0$15,594,625
76$53,057,528$328,653$0$17,081,049
77$58,343,235$218,595$0$18,718,614
78$64,164,109$99,171$0$20,522,858
79$70,574,614$0$0$22,510,916
80$77,634,761$0$0$24,716,304
81$85,410,683$0$0$27,198,365
82$93,975,249$0$0$29,932,368
83$103,408,760$0$0$32,943,972
84$113,799,702$0$0$36,261,452
85$125,245,583$0$0$39,915,967
86$137,853,851$0$0$43,941,852
87$151,742,908$0$0$48,376,942
88$167,043,230$0$0$53,262,932
89$183,898,595$0$0$58,645,766
90$202,467,441$0$0$64,576,074
91$222,924,362$0$0$71,109,651
92$245,461,754$0$0$78,307,976
93$270,291,632$0$0$86,238,803
94$297,647,631$0$0$94,976,791
95$327,787,208$0$0$104,604,216
96$360,994,076$0$0$115,211,741
97$397,580,881$0$0$126,899,278
98$437,892,151$0$0$139,776,925
99$482,307,548$0$0$153,966,012
100$531,245,453$0$0$169,600,237