Can I retire at age 30 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$76,716$76,033$75,366$74,715$74,080$72,913
2 years$37,978$37,271$36,585$35,921$35,276$34,103
3 years$25,067$24,357$23,673$23,015$22,381$21,238
4 years$18,613$17,905$17,228$16,581$15,962$14,859
5 years$14,742$14,038$13,370$12,736$12,134$11,074
6 years$12,161$11,463$10,805$10,185$9,601$8,585
7 years$10,319$9,626$8,979$8,374$7,808$6,837
8 years$8,938$8,252$7,615$7,024$6,478$5,551
9 years$7,865$7,185$6,559$5,983$5,455$4,572
10 years$7,006$6,333$5,718$5,158$4,648$3,807
11 years$6,304$5,638$5,034$4,489$3,998$3,199
12 years$5,720$5,060$4,467$3,937$3,464$2,707
13 years$5,226$4,573$3,991$3,476$3,021$2,303
14 years$4,803$4,157$3,586$3,086$2,648$1,969
15 years$4,436$3,797$3,238$2,752$2,332$1,690
16 years$4,116$3,484$2,936$2,464$2,061$1,456
17 years$3,833$3,208$2,671$2,214$1,827$1,257
18 years$3,583$2,965$2,439$1,995$1,625$1,088
19 years$3,359$2,748$2,232$1,803$1,448$944
20 years$3,157$2,553$2,049$1,633$1,293$820
21 years$2,975$2,378$1,884$1,482$1,157$714
22 years$2,810$2,220$1,737$1,347$1,037$622
23 years$2,660$2,076$1,604$1,227$931$542
24 years$2,522$1,945$1,483$1,119$837$473
25 years$2,395$1,826$1,374$1,022$753$414
26 years$2,278$1,716$1,274$934$678$362
27 years$2,171$1,615$1,183$855$612$316
28 years$2,071$1,522$1,100$784$552$277
29 years$1,978$1,435$1,023$719$498$243
30 years$1,891$1,356$953$660$450$213
31 years$1,810$1,282$889$606$407$186
32 years$1,735$1,213$829$557$368$163
33 years$1,664$1,148$774$512$333$143
34 years$1,597$1,088$723$471$302$126
35 years$1,534$1,032$676$434$273$110
36 years$1,475$980$633$399$248$97
37 years$1,420$931$592$368$224$85
38 years$1,367$884$555$339$203$75
39 years$1,317$841$520$313$185$65
40 years$1,270$800$487$288$167$57
41 years$1,225$762$457$266$152$50
42 years$1,183$725$428$246$138$44
43 years$1,142$691$402$227$125$39
44 years$1,104$659$377$209$114$34
45 years$1,067$628$354$193$103$30
46 years$1,032$599$333$179$94$26
47 years$999$572$313$165$85$23
48 years$967$546$294$152$77$20
49 years$936$521$276$141$70$18
50 years$907$498$260$130$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $929,000, adding $2,309 every year, while hoping to spend $29,228 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: 53/24/23 Blend
29$929,000$929,000$929,000$929,000
30$1,026,140$976,903$962,503$1,073,889
31$1,099,708$993,673$963,649$1,123,813
32$1,179,800$1,010,285$963,853$1,174,894
33$1,267,051$1,026,700$963,054$1,229,871
34$1,362,159$1,042,878$961,185$1,289,126
35$1,465,894$1,058,773$958,179$1,353,079
36$1,579,100$1,074,338$953,963$1,422,197
37$1,702,710$1,089,522$948,462$1,496,991
38$1,837,748$1,104,270$941,597$1,578,029
39$1,985,342$1,118,523$933,285$1,665,935
40$2,146,736$1,132,220$923,439$1,761,399
41$2,323,296$1,145,292$911,968$1,865,180
42$2,516,531$1,157,669$898,777$1,978,120
43$2,728,097$1,169,275$883,766$2,101,142
44$2,959,822$1,180,028$866,831$2,235,269
45$3,213,716$1,189,843$847,862$2,381,629
46$3,491,996$1,198,625$826,746$2,541,463
47$3,797,100$1,206,279$803,363$2,716,146
48$4,131,716$1,212,698$777,587$2,907,189
49$4,498,803$1,217,772$749,288$3,116,262
50$4,901,621$1,221,383$718,329$3,345,208
51$5,343,760$1,223,405$684,567$3,596,058
52$5,829,176$1,223,704$647,853$3,871,052
53$6,362,226$1,222,140$608,030$4,172,663
54$6,947,708$1,218,560$564,935$4,503,617
55$7,590,911$1,212,806$518,396$4,866,922
56$8,297,659$1,204,708$468,237$5,265,895
57$9,074,367$1,194,086$414,270$5,704,193
58$9,928,106$1,180,750$356,302$6,185,852
59$10,866,663$1,164,496$294,128$6,715,321
60$11,898,618$1,145,112$227,537$7,297,508
61$13,033,425$1,122,371$156,307$7,937,823
62$14,281,498$1,096,031$80,207$8,642,234
63$15,654,312$1,065,838$0$9,417,323
64$17,164,511$1,031,523$0$10,270,592
65$18,826,024$992,800$0$11,230,819
66$20,654,200$949,368$0$12,287,187
67$22,665,948$900,908$0$13,449,493
68$24,879,904$847,081$0$14,728,533
69$27,316,597$787,531$0$16,136,208
70$29,998,649$721,879$0$17,685,637
71$32,950,986$649,727$0$19,391,275
72$36,201,076$570,652$0$21,269,058
73$39,779,180$484,209$0$23,336,549
74$43,718,648$389,926$0$25,613,107
75$48,056,224$287,306$0$28,120,065
76$52,832,398$175,824$0$30,880,941
77$58,091,787$54,924$0$33,921,653
78$63,883,554$0$0$37,270,766
79$70,261,873$0$0$40,979,831
80$77,286,439$0$0$45,080,794
81$85,023,034$0$0$49,597,567
82$93,544,143$0$0$54,572,485
83$102,929,641$0$0$60,052,198
84$113,267,546$0$0$66,088,110
85$124,654,848$0$0$72,736,869
86$137,198,426$0$0$80,060,897
87$151,016,055$0$0$88,128,978
88$166,237,520$0$0$97,016,913
89$183,005,836$0$0$106,808,229
90$201,478,600$0$0$117,594,969
91$221,829,481$0$0$129,478,565
92$244,249,854$0$0$142,570,789
93$268,950,609$0$0$156,994,809
94$296,164,139$0$0$172,886,357
95$326,146,538$0$0$190,395,001
96$359,180,011$0$0$209,685,566
97$395,575,544$0$0$230,939,682
98$435,675,836$0$0$254,357,503
99$479,858,532$0$0$280,159,594
100$528,539,792$0$0$308,589,013