Can I retire at age 30 with 870,000?

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 $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%17%
1 years$71,844$71,204$70,579$69,970$69,375$67,397
2 years$35,566$34,904$34,262$33,639$33,036$31,059
3 years$23,475$22,810$22,170$21,553$20,959$19,045
4 years$17,431$16,768$16,134$15,528$14,948$13,111
5 years$13,805$13,146$12,521$11,927$11,363$9,608
6 years$11,389$10,735$10,118$9,538$8,992$7,320
7 years$9,664$9,015$8,408$7,842$7,313$5,725
8 years$8,371$7,728$7,131$6,578$6,066$4,562
9 years$7,365$6,728$6,142$5,603$5,109$3,686
10 years$6,561$5,931$5,355$4,830$4,353$3,010
11 years$5,904$5,280$4,714$4,204$3,744$2,478
12 years$5,357$4,739$4,184$3,687$3,244$2,053
13 years$4,894$4,282$3,738$3,255$2,829$1,710
14 years$4,498$3,893$3,359$2,890$2,480$1,431
15 years$4,154$3,556$3,032$2,577$2,183$1,201
16 years$3,854$3,263$2,749$2,307$1,930$1,011
17 years$3,590$3,005$2,502$2,073$1,711$853
18 years$3,355$2,776$2,284$1,868$1,521$722
19 years$3,145$2,573$2,091$1,688$1,356$611
20 years$2,957$2,391$1,919$1,529$1,211$518
21 years$2,786$2,227$1,765$1,388$1,084$440
22 years$2,632$2,079$1,627$1,262$972$374
23 years$2,491$1,945$1,502$1,149$872$318
24 years$2,362$1,822$1,389$1,048$784$271
25 years$2,243$1,710$1,286$957$705$231
26 years$2,134$1,607$1,193$875$635$197
27 years$2,033$1,512$1,108$801$573$168
28 years$1,939$1,425$1,030$734$517$143
29 years$1,852$1,344$958$673$467$122
30 years$1,771$1,270$893$618$422$104
31 years$1,695$1,200$832$567$381$89
32 years$1,624$1,136$777$521$345$76
33 years$1,558$1,075$725$479$312$65
34 years$1,496$1,019$677$441$283$55
35 years$1,437$967$633$406$256$47
36 years$1,382$918$593$374$232$40
37 years$1,330$872$555$345$210$34
38 years$1,280$828$519$318$191$29
39 years$1,234$788$487$293$173$25
40 years$1,189$749$456$270$157$22
41 years$1,147$713$428$249$142$18
42 years$1,108$679$401$230$129$16
43 years$1,070$647$376$212$117$13
44 years$1,034$617$353$196$106$11
45 years$999$588$332$181$97$10
46 years$967$561$312$167$88$8
47 years$935$536$293$154$80$7
48 years$905$511$275$143$72$6
49 years$877$488$259$132$66$5
50 years$849$466$243$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $870,000, adding $5,184 every year, while hoping to spend $59,563 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: 71/18/11 Blend
29$870,000$870,000$870,000$870,000
30$964,087$917,977$904,492$1,030,027
31$999,050$899,584$871,418$1,055,985
32$1,035,582$878,292$835,240$1,076,605
33$1,073,781$853,899$795,790$1,097,577
34$1,113,753$826,186$752,895$1,118,923
35$1,155,610$794,924$706,372$1,140,667
36$1,199,478$759,870$656,031$1,162,840
37$1,245,488$720,767$601,671$1,185,474
38$1,293,787$677,344$543,087$1,208,609
39$1,344,532$629,313$480,059$1,232,289
40$1,397,895$576,370$412,361$1,256,566
41$1,454,062$518,193$339,757$1,281,497
42$1,513,235$454,444$261,998$1,307,149
43$1,575,637$384,763$178,826$1,333,599
44$1,641,506$308,771$89,972$1,360,933
45$1,711,107$226,068$0$1,389,248
46$1,784,726$136,231$0$1,419,226
47$1,862,674$38,813$0$1,461,729
48$1,945,295$0$0$1,506,363
49$2,032,961$0$0$1,566,531
50$2,126,079$0$0$1,638,630
51$2,225,098$0$0$1,715,321
52$2,330,504$0$0$1,796,985
53$2,442,832$0$0$1,884,040
54$2,562,669$0$0$1,976,943
55$2,690,655$0$0$2,076,195
56$2,827,493$0$0$2,182,346
57$2,973,954$0$0$2,295,997
58$3,130,882$0$0$2,417,808
59$3,299,206$0$0$2,548,504
60$3,479,941$0$0$2,688,880
61$3,674,203$0$0$2,839,807
62$3,883,219$0$0$3,002,244
63$4,108,333$0$0$3,177,242
64$4,351,024$0$0$3,365,955
65$4,612,913$0$0$3,569,654
66$4,895,784$0$0$3,789,732
67$5,201,598$0$0$4,027,720
68$5,532,508$0$0$4,285,304
69$5,890,881$0$0$4,564,334
70$6,279,321$0$0$4,866,846
71$6,700,691$0$0$5,195,078
72$7,158,138$0$0$5,551,492
73$7,655,125$0$0$5,938,795
74$8,195,460$0$0$6,359,967
75$8,783,335$0$0$6,818,283
76$9,423,358$0$0$7,317,350
77$10,120,604$0$0$7,861,136
78$10,880,655$0$0$8,454,006
79$11,709,655$0$0$9,100,766
80$12,614,367$0$0$9,806,706
81$13,602,236$0$0$10,577,649
82$14,681,454$0$0$11,420,003
83$15,861,044$0$0$12,340,826
84$17,150,939$0$0$13,347,886
85$18,562,072$0$0$14,449,737
86$20,106,486$0$0$15,655,799
87$21,797,439$0$0$16,976,443
88$23,649,532$0$0$18,423,091
89$25,678,845$0$0$20,008,322
90$27,903,084$0$0$21,745,987
91$30,341,754$0$0$23,651,343
92$33,016,334$0$0$25,741,195
93$35,950,481$0$0$28,034,051
94$39,170,256$0$0$30,550,296
95$42,704,362$0$0$33,312,386
96$46,584,417$0$0$36,345,058
97$50,845,251$0$0$39,675,558
98$55,525,230$0$0$43,333,903
99$60,666,620$0$0$47,353,160
100$66,315,983$0$0$51,769,756