Can I retire at age 30 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$76,220$75,542$74,879$74,233$73,601$71,939
2 years$37,733$37,030$36,349$35,689$35,048$33,382
3 years$24,905$24,200$23,520$22,866$22,236$20,619
4 years$18,493$17,789$17,117$16,474$15,859$14,302
5 years$14,646$13,947$13,283$12,653$12,056$10,565
6 years$12,083$11,389$10,735$10,119$9,539$8,115
7 years$10,253$9,564$8,921$8,319$7,758$6,401
8 years$8,880$8,198$7,565$6,979$6,436$5,145
9 years$7,814$7,138$6,516$5,945$5,420$4,195
10 years$6,961$6,292$5,681$5,124$4,618$3,458
11 years$6,264$5,601$5,001$4,460$3,972$2,874
12 years$5,683$5,027$4,439$3,912$3,442$2,405
13 years$5,192$4,543$3,966$3,453$3,001$2,024
14 years$4,772$4,130$3,563$3,066$2,631$1,711
15 years$4,407$3,773$3,217$2,734$2,317$1,451
16 years$4,089$3,461$2,917$2,448$2,047$1,235
17 years$3,809$3,188$2,654$2,199$1,815$1,053
18 years$3,560$2,946$2,423$1,982$1,614$901
19 years$3,337$2,730$2,218$1,791$1,439$771
20 years$3,137$2,537$2,036$1,622$1,285$662
21 years$2,956$2,363$1,872$1,472$1,150$568
22 years$2,792$2,206$1,726$1,339$1,031$489
23 years$2,642$2,063$1,593$1,219$925$421
24 years$2,505$1,933$1,474$1,112$832$362
25 years$2,380$1,814$1,365$1,015$748$312
26 years$2,264$1,705$1,266$928$674$269
27 years$2,157$1,604$1,175$850$608$233
28 years$2,057$1,512$1,093$779$548$201
29 years$1,965$1,426$1,017$714$495$173
30 years$1,879$1,347$947$655$447$150
31 years$1,799$1,273$883$602$405$129
32 years$1,723$1,205$824$553$366$112
33 years$1,653$1,141$769$509$331$97
34 years$1,587$1,081$719$468$300$84
35 years$1,525$1,026$672$431$272$72
36 years$1,466$973$629$397$246$63
37 years$1,411$925$588$366$223$54
38 years$1,358$879$551$337$202$47
39 years$1,309$836$516$311$183$41
40 years$1,262$795$484$287$166$35
41 years$1,217$757$454$264$151$30
42 years$1,175$721$426$244$137$26
43 years$1,135$687$399$225$124$23
44 years$1,097$655$375$208$113$20
45 years$1,060$624$352$192$102$17
46 years$1,025$595$331$177$93$15
47 years$992$568$311$164$84$13
48 years$961$542$292$151$77$11
49 years$930$518$274$140$70$10
50 years$901$495$258$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $923,000, adding $6,894 every year, while hoping to spend $26,005 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: 71/8/21 Blend
29$923,000$923,000$923,000$923,000
30$1,024,257$975,338$961,032$1,091,234
31$1,101,062$995,461$965,557$1,156,899
32$1,184,830$1,015,697$969,363$1,225,037
33$1,276,243$1,036,027$972,396$1,299,000
34$1,376,053$1,056,425$974,605$1,379,361
35$1,485,086$1,076,866$975,930$1,466,754
36$1,604,255$1,097,322$976,314$1,561,876
37$1,734,561$1,117,763$975,692$1,665,496
38$1,877,108$1,138,156$974,000$1,778,459
39$2,033,112$1,158,464$971,168$1,901,700
40$2,203,912$1,178,651$967,124$2,036,246
41$2,390,980$1,198,675$961,793$2,183,232
42$2,595,942$1,218,492$955,094$2,343,906
43$2,820,583$1,238,053$946,945$2,519,646
44$3,066,874$1,257,309$937,259$2,711,967
45$3,336,982$1,276,203$925,944$2,922,544
46$3,633,295$1,294,679$912,904$3,153,217
47$3,958,444$1,312,671$898,039$3,406,020
48$4,315,327$1,330,114$881,245$3,683,191
49$4,707,135$1,346,934$862,412$3,987,197
50$5,137,385$1,363,056$841,425$4,320,758
51$5,609,949$1,378,396$818,163$4,686,871
52$6,129,094$1,392,867$792,502$5,088,840
53$6,699,519$1,406,376$764,309$5,530,307
54$7,326,404$1,418,823$733,447$6,015,284
55$8,015,453$1,430,100$699,773$6,548,196
56$8,772,950$1,440,095$663,136$7,133,917
57$9,605,818$1,448,688$623,379$7,777,820
58$10,521,688$1,455,750$580,338$8,485,829
59$11,528,962$1,461,144$533,841$9,264,470
60$12,636,902$1,464,725$483,710$10,120,937
61$13,855,709$1,466,339$429,757$11,063,160
62$15,196,624$1,465,823$371,787$12,099,879
63$16,672,032$1,463,002$309,595$13,240,723
64$18,295,582$1,457,691$242,968$14,496,311
65$20,082,308$1,449,694$171,684$15,878,341
66$22,048,778$1,438,803$95,510$17,399,709
67$24,213,247$1,424,799$14,204$19,074,626
68$26,595,830$1,407,446$0$20,918,757
69$29,218,691$1,386,497$0$22,965,625
70$32,106,251$1,361,689$0$25,222,450
71$35,285,421$1,332,745$0$27,707,076
72$38,785,853$1,299,368$0$30,442,681
73$42,640,221$1,261,248$0$33,454,800
74$46,884,527$1,218,053$0$36,771,577
75$51,558,446$1,169,434$0$40,424,022
76$56,705,693$1,115,022$0$44,446,309
77$62,374,440$1,054,424$0$48,876,094
78$68,617,769$987,227$0$53,754,875
79$75,494,173$912,993$0$59,128,382
80$83,068,109$831,260$0$65,047,005
81$91,410,602$741,538$0$71,566,277
82$100,599,920$643,310$0$78,747,390
83$110,722,310$536,030$0$86,657,781
84$121,872,812$419,121$0$95,371,761
85$134,156,154$291,974$0$104,971,221
86$147,687,746$153,945$0$115,546,404
87$162,594,761$4,353$0$127,196,756
88$179,017,342$0$0$140,031,866
89$197,109,921$0$0$154,186,367
90$217,042,676$0$0$169,781,008
91$239,003,140$0$0$186,962,132
92$263,197,968$0$0$205,891,430
93$289,854,888$0$0$226,747,079
94$319,224,852$0$0$249,725,429
95$351,584,402$0$0$275,042,851
96$387,238,283$0$0$302,937,780
97$426,522,316$0$0$333,672,969
98$469,806,571$0$0$367,537,968
99$517,498,858$0$0$404,851,852
100$570,048,577$0$0$445,966,240