Can I retire at age 30 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$76,303$75,623$74,960$74,313$73,681$72,942
2 years$37,774$37,070$36,388$35,727$35,086$34,342
3 years$24,932$24,226$23,546$22,891$22,260$21,533
4 years$18,513$17,809$17,135$16,492$15,876$15,173
5 years$14,662$13,962$13,298$12,667$12,069$11,391
6 years$12,096$11,401$10,747$10,130$9,550$8,898
7 years$10,264$9,575$8,930$8,328$7,766$7,141
8 years$8,890$8,207$7,574$6,987$6,443$5,844
9 years$7,822$7,146$6,523$5,951$5,426$4,854
10 years$6,968$6,299$5,687$5,130$4,623$4,077
11 years$6,270$5,607$5,007$4,464$3,976$3,455
12 years$5,689$5,033$4,443$3,916$3,446$2,950
13 years$5,198$4,548$3,970$3,457$3,005$2,533
14 years$4,777$4,134$3,567$3,069$2,634$2,186
15 years$4,412$3,777$3,221$2,737$2,319$1,895
16 years$4,094$3,465$2,920$2,451$2,050$1,647
17 years$3,813$3,191$2,657$2,202$1,817$1,437
18 years$3,564$2,949$2,425$1,984$1,616$1,256
19 years$3,341$2,733$2,220$1,793$1,440$1,101
20 years$3,140$2,540$2,038$1,624$1,286$966
21 years$2,959$2,366$1,874$1,474$1,151$850
22 years$2,795$2,208$1,728$1,340$1,032$748
23 years$2,645$2,065$1,595$1,220$926$660
24 years$2,508$1,935$1,475$1,113$833$582
25 years$2,382$1,816$1,366$1,017$749$514
26 years$2,266$1,707$1,267$929$675$455
27 years$2,159$1,606$1,177$851$608$402
28 years$2,059$1,513$1,094$779$549$356
29 years$1,967$1,428$1,018$715$496$316
30 years$1,881$1,348$948$656$448$280
31 years$1,800$1,275$884$602$405$248
32 years$1,725$1,206$825$554$366$220
33 years$1,655$1,142$770$509$332$195
34 years$1,589$1,083$720$468$300$173
35 years$1,526$1,027$673$431$272$154
36 years$1,468$975$629$397$246$137
37 years$1,412$926$589$366$223$121
38 years$1,360$880$552$337$202$108
39 years$1,310$836$517$311$184$96
40 years$1,263$796$484$287$166$85
41 years$1,219$758$454$265$151$76
42 years$1,176$721$426$244$137$67
43 years$1,136$687$400$225$124$60
44 years$1,098$655$375$208$113$53
45 years$1,061$625$352$192$102$47
46 years$1,027$596$331$178$93$42
47 years$993$569$311$164$84$37
48 years$962$543$292$152$77$33
49 years$931$519$275$140$70$30
50 years$902$495$258$130$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $924,000, adding $4,724 every year, while hoping to spend $41,857 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: 46/29/25 Blend
29$924,000$924,000$924,000$924,000
30$1,023,121$974,149$959,827$1,062,643
31$1,082,944$977,347$947,445$1,094,176
32$1,147,465$979,298$933,247$1,123,906
33$1,217,121$979,898$917,125$1,155,334
34$1,292,390$979,035$898,970$1,188,639
35$1,373,796$976,590$878,668$1,224,023
36$1,461,917$972,437$856,098$1,261,709
37$1,557,388$966,443$831,133$1,301,945
38$1,660,908$958,464$803,642$1,345,009
39$1,773,244$948,352$773,487$1,391,208
40$1,895,240$935,947$740,524$1,440,884
41$2,027,825$921,079$704,602$1,494,419
42$2,172,021$903,569$665,564$1,552,235
43$2,328,951$883,228$623,245$1,614,801
44$2,499,853$859,856$577,472$1,682,639
45$2,686,088$833,238$528,067$1,756,329
46$2,889,153$803,151$474,841$1,836,512
47$3,110,697$769,355$417,599$1,923,901
48$3,352,533$731,599$356,134$2,019,287
49$3,616,661$689,616$290,233$2,123,545
50$3,905,277$643,125$219,673$2,237,646
51$4,220,804$591,826$144,221$2,362,668
52$4,565,906$535,406$63,632$2,499,803
53$4,943,517$473,530$0$2,650,371
54$5,356,870$405,846$0$2,821,801
55$5,809,521$331,984$0$3,028,249
56$6,305,390$251,548$0$3,254,588
57$6,848,791$164,126$0$3,502,878
58$7,444,477$69,277$0$3,775,396
59$8,097,682$0$0$4,074,653
60$8,814,171$0$0$4,414,100
61$9,600,293$0$0$4,810,900
62$10,463,043$0$0$5,246,491
63$11,410,124$0$0$5,724,777
64$12,450,022$0$0$6,250,056
65$13,592,086$0$0$6,827,066
66$14,846,614$0$0$7,461,025
67$16,224,950$0$0$8,157,683
68$17,739,591$0$0$8,923,373
69$19,404,306$0$0$9,765,071
70$21,234,264$0$0$10,690,465
71$23,246,175$0$0$11,708,024
72$25,458,450$0$0$12,827,079
73$27,891,374$0$0$14,057,910
74$30,567,295$0$0$15,411,843
75$33,510,837$0$0$16,901,359
76$36,749,129$0$0$18,540,206
77$40,312,063$0$0$20,343,536
78$44,232,573$0$0$22,328,040
79$48,546,949$0$0$24,512,112
80$53,295,175$0$0$26,916,017
81$58,521,307$0$0$29,562,087
82$64,273,891$0$0$32,474,925
83$70,606,416$0$0$35,681,644
84$77,577,821$0$0$39,212,119
85$85,253,050$0$0$43,099,267
86$93,703,665$0$0$47,379,360
87$103,008,518$0$0$52,092,368
88$113,254,500$0$0$57,282,333
89$124,537,354$0$0$62,997,785
90$136,962,582$0$0$69,292,202
91$150,646,439$0$0$76,224,511
92$165,717,031$0$0$83,859,649
93$182,315,520$0$0$92,269,167
94$200,597,458$0$0$101,531,915
95$220,734,255$0$0$111,734,780
96$242,914,795$0$0$122,973,504
97$267,347,218$0$0$135,353,595
98$294,260,884$0$0$148,991,314
99$323,908,537$0$0$164,014,777
100$356,568,693$0$0$180,565,163