Can I retire at age 30 with 870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$71,844$71,204$70,579$69,970$69,375$67,698
2 years$35,566$34,904$34,262$33,639$33,036$31,356
3 years$23,475$22,810$22,170$21,553$20,959$19,330
4 years$17,431$16,768$16,134$15,528$14,948$13,381
5 years$13,805$13,146$12,521$11,927$11,363$9,863
6 years$11,389$10,735$10,118$9,538$8,992$7,560
7 years$9,664$9,015$8,408$7,842$7,313$5,950
8 years$8,371$7,728$7,131$6,578$6,066$4,772
9 years$7,365$6,728$6,142$5,603$5,109$3,881
10 years$6,561$5,931$5,355$4,830$4,353$3,191
11 years$5,904$5,280$4,714$4,204$3,744$2,645
12 years$5,357$4,739$4,184$3,687$3,244$2,208
13 years$4,894$4,282$3,738$3,255$2,829$1,853
14 years$4,498$3,893$3,359$2,890$2,480$1,562
15 years$4,154$3,556$3,032$2,577$2,183$1,321
16 years$3,854$3,263$2,749$2,307$1,930$1,121
17 years$3,590$3,005$2,502$2,073$1,711$954
18 years$3,355$2,776$2,284$1,868$1,521$813
19 years$3,145$2,573$2,091$1,688$1,356$694
20 years$2,957$2,391$1,919$1,529$1,211$594
21 years$2,786$2,227$1,765$1,388$1,084$508
22 years$2,632$2,079$1,627$1,262$972$436
23 years$2,491$1,945$1,502$1,149$872$374
24 years$2,362$1,822$1,389$1,048$784$321
25 years$2,243$1,710$1,286$957$705$276
26 years$2,134$1,607$1,193$875$635$237
27 years$2,033$1,512$1,108$801$573$204
28 years$1,939$1,425$1,030$734$517$176
29 years$1,852$1,344$958$673$467$151
30 years$1,771$1,270$893$618$422$130
31 years$1,695$1,200$832$567$381$112
32 years$1,624$1,136$777$521$345$97
33 years$1,558$1,075$725$479$312$83
34 years$1,496$1,019$677$441$283$72
35 years$1,437$967$633$406$256$62
36 years$1,382$918$593$374$232$53
37 years$1,330$872$555$345$210$46
38 years$1,280$828$519$318$191$40
39 years$1,234$788$487$293$173$34
40 years$1,189$749$456$270$157$30
41 years$1,147$713$428$249$142$25
42 years$1,108$679$401$230$129$22
43 years$1,070$647$376$212$117$19
44 years$1,034$617$353$196$106$16
45 years$999$588$332$181$97$14
46 years$967$561$312$167$88$12
47 years$935$536$293$154$80$10
48 years$905$511$275$143$72$9
49 years$877$488$259$132$66$8
50 years$849$466$243$122$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $870,000, adding $2,849 every year, while hoping to spend $46,374 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: 47/38/15 Blend
29$870,000$870,000$870,000$870,000
30$961,679$915,569$902,084$1,002,691
31$1,010,428$911,090$882,962$1,026,933
32$1,062,596$904,838$861,645$1,048,267
33$1,118,482$896,676$838,011$1,070,410
34$1,178,414$886,460$811,932$1,093,455
35$1,242,754$874,038$783,273$1,117,507
36$1,311,897$859,248$751,895$1,142,684
37$1,386,277$841,918$717,650$1,169,122
38$1,466,372$821,866$680,386$1,196,971
39$1,552,706$798,901$639,943$1,226,400
40$1,645,854$772,819$596,152$1,257,603
41$1,746,448$743,404$548,841$1,290,791
42$1,855,183$710,429$497,824$1,326,208
43$1,972,823$673,651$442,913$1,364,122
44$2,100,207$632,817$383,907$1,404,836
45$2,238,259$587,655$320,598$1,448,688
46$2,387,992$537,881$252,769$1,496,057
47$2,550,523$483,193$180,193$1,547,364
48$2,727,080$423,273$102,632$1,603,084
49$2,919,012$357,783$19,840$1,663,741
50$3,127,805$286,368$0$1,729,924
51$3,355,092$208,652$0$1,813,254
52$3,602,674$124,237$0$1,907,596
53$3,872,527$32,705$0$2,010,628
54$4,166,830$0$0$2,123,303
55$4,487,981$0$0$2,274,435
56$4,838,616$0$0$2,454,466
57$5,221,642$0$0$2,651,224
58$5,640,256$0$0$2,866,362
59$6,097,977$0$0$3,101,703
60$6,598,682$0$0$3,359,253
61$7,146,638$0$0$3,641,219
62$7,746,545$0$0$3,950,035
63$8,403,577$0$0$4,288,379
64$9,123,433$0$0$4,659,200
65$9,912,390$0$0$5,065,747
66$10,777,358$0$0$5,511,598
67$11,725,951$0$0$6,000,694
68$12,766,554$0$0$6,537,376
69$13,908,402$0$0$7,126,424
70$15,161,667$0$0$7,773,105
71$16,537,556$0$0$8,483,222
72$18,048,412$0$0$9,263,164
73$19,707,831$0$0$10,119,971
74$21,530,794$0$0$11,061,400
75$23,533,801$0$0$12,095,994
76$25,735,030$0$0$13,233,167
77$28,154,510$0$0$14,483,287
78$30,814,304$0$0$15,857,780
79$33,738,719$0$0$17,369,233
80$36,954,538$0$0$19,031,514
81$40,491,266$0$0$20,859,903
82$44,381,413$0$0$22,871,232
83$48,660,795$0$0$25,084,052
84$53,368,878$0$0$27,518,798
85$58,549,142$0$0$30,197,987
86$64,249,498$0$0$33,146,430
87$70,522,733$0$0$36,391,464
88$77,427,010$0$0$39,963,211
89$85,026,420$0$0$43,894,860
90$93,391,577$0$0$48,222,982
91$102,600,294$0$0$52,987,875
92$112,738,306$0$0$58,233,940
93$123,900,089$0$0$64,010,105
94$136,189,741$0$0$70,370,282
95$149,721,971$0$0$77,373,879
96$164,623,176$0$0$85,086,356
97$181,032,636$0$0$93,579,846
98$199,103,824$0$0$102,933,835
99$219,005,857$0$0$113,235,909
100$240,925,092$0$0$124,582,584