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%13%
1 years$71,844$71,204$70,579$69,970$69,375$68,508
2 years$35,566$34,904$34,262$33,639$33,036$32,163
3 years$23,475$22,810$22,170$21,553$20,959$20,109
4 years$17,431$16,768$16,134$15,528$14,948$14,126
5 years$13,805$13,146$12,521$11,927$11,363$10,572
6 years$11,389$10,735$10,118$9,538$8,992$8,231
7 years$9,664$9,015$8,408$7,842$7,313$6,584
8 years$8,371$7,728$7,131$6,578$6,066$5,370
9 years$7,365$6,728$6,142$5,603$5,109$4,444
10 years$6,561$5,931$5,355$4,830$4,353$3,719
11 years$5,904$5,280$4,714$4,204$3,744$3,141
12 years$5,357$4,739$4,184$3,687$3,244$2,671
13 years$4,894$4,282$3,738$3,255$2,829$2,285
14 years$4,498$3,893$3,359$2,890$2,480$1,964
15 years$4,154$3,556$3,032$2,577$2,183$1,695
16 years$3,854$3,263$2,749$2,307$1,930$1,468
17 years$3,590$3,005$2,502$2,073$1,711$1,275
18 years$3,355$2,776$2,284$1,868$1,521$1,110
19 years$3,145$2,573$2,091$1,688$1,356$968
20 years$2,957$2,391$1,919$1,529$1,211$846
21 years$2,786$2,227$1,765$1,388$1,084$741
22 years$2,632$2,079$1,627$1,262$972$649
23 years$2,491$1,945$1,502$1,149$872$570
24 years$2,362$1,822$1,389$1,048$784$501
25 years$2,243$1,710$1,286$957$705$440
26 years$2,134$1,607$1,193$875$635$387
27 years$2,033$1,512$1,108$801$573$341
28 years$1,939$1,425$1,030$734$517$301
29 years$1,852$1,344$958$673$467$265
30 years$1,771$1,270$893$618$422$234
31 years$1,695$1,200$832$567$381$206
32 years$1,624$1,136$777$521$345$182
33 years$1,558$1,075$725$479$312$161
34 years$1,496$1,019$677$441$283$142
35 years$1,437$967$633$406$256$125
36 years$1,382$918$593$374$232$111
37 years$1,330$872$555$345$210$98
38 years$1,280$828$519$318$191$86
39 years$1,234$788$487$293$173$76
40 years$1,189$749$456$270$157$68
41 years$1,147$713$428$249$142$60
42 years$1,108$679$401$230$129$53
43 years$1,070$647$376$212$117$47
44 years$1,034$617$353$196$106$41
45 years$999$588$332$181$97$37
46 years$967$561$312$167$88$32
47 years$935$536$293$154$80$29
48 years$905$511$275$143$72$25
49 years$877$488$259$132$66$22
50 years$849$466$243$122$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $870,000, adding $2,439 every year, while hoping to spend $48,185 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: 72/17/11 Blend
29$870,000$870,000$870,000$870,000
30$961,256$915,146$901,661$1,028,187
31$1,008,035$908,720$880,598$1,066,360
32$1,057,972$900,363$857,215$1,101,970
33$1,111,336$889,932$831,382$1,139,657
34$1,168,424$877,271$802,966$1,179,612
35$1,229,563$862,217$771,825$1,222,049
36$1,295,111$844,598$737,813$1,267,204
37$1,365,458$824,229$700,776$1,315,339
38$1,441,035$800,917$660,552$1,366,741
39$1,522,315$774,456$616,975$1,421,730
40$1,609,816$744,629$569,868$1,480,659
41$1,704,106$711,205$519,048$1,543,917
42$1,805,812$673,941$464,323$1,611,937
43$1,915,621$632,580$405,494$1,685,193
44$2,034,287$586,849$342,351$1,764,214
45$2,162,640$536,460$274,675$1,849,582
46$2,301,592$481,110$202,239$1,941,939
47$2,452,145$420,475$124,806$2,041,998
48$2,615,402$354,217$42,125$2,150,544
49$2,792,576$281,976$0$2,268,446
50$2,984,999$203,373$0$2,402,076
51$3,194,137$118,007$0$2,552,709
52$3,421,605$25,455$0$2,716,602
53$3,669,177$0$0$2,895,082
54$3,938,807$0$0$3,103,595
55$4,232,642$0$0$3,336,055
56$4,553,050$0$0$3,589,577
57$4,902,632$0$0$3,866,226
58$5,284,255$0$0$4,168,273
59$5,701,072$0$0$4,498,222
60$6,156,556$0$0$4,858,826
61$6,654,530$0$0$5,253,118
62$7,199,202$0$0$5,684,437
63$7,795,206$0$0$6,156,458
64$8,447,647$0$0$6,673,231
65$9,162,142$0$0$7,239,211
66$9,944,880$0$0$7,859,309
67$10,802,675$0$0$8,538,931
68$11,743,033$0$0$9,284,030
69$12,774,220$0$0$10,101,164
70$13,905,340$0$0$10,997,556
71$15,146,422$0$0$11,981,161
72$16,508,509$0$0$13,060,742
73$18,003,770$0$0$14,245,952
74$19,645,606$0$0$15,547,424
75$21,448,781$0$0$16,976,869
76$23,429,559$0$0$18,547,192
77$25,605,856$0$0$20,272,606
78$27,997,409$0$0$22,168,771
79$30,625,963$0$0$24,252,938
80$33,515,474$0$0$26,544,113
81$36,692,332$0$0$29,063,235
82$40,185,616$0$0$31,833,373
83$44,027,361$0$0$34,879,945
84$48,252,863$0$0$38,230,954
85$52,901,009$0$0$41,917,253
86$58,014,647$0$0$45,972,836
87$63,640,983$0$0$50,435,160
88$69,832,035$0$0$55,345,494
89$76,645,114$0$0$60,749,309
90$84,143,368$0$0$66,696,709
91$92,396,379$0$0$73,242,898
92$101,480,814$0$0$80,448,707
93$111,481,151$0$0$88,381,163
94$122,490,476$0$0$97,114,119
95$134,611,356$0$0$106,728,957
96$147,956,812$0$0$117,315,348
97$162,651,381$0$0$128,972,102
98$178,832,288$0$0$141,808,098
99$196,650,749$0$0$155,943,312
100$216,273,385$0$0$171,509,948