Can I retire at age 30 with 871,000?

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 $871,000?

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%
1 years$71,926$71,286$70,661$70,051$69,455$68,558
2 years$35,607$34,944$34,301$33,678$33,074$32,172
3 years$23,502$22,836$22,195$21,578$20,983$20,104
4 years$17,451$16,787$16,152$15,546$14,965$14,116
5 years$13,821$13,161$12,535$11,941$11,377$10,559
6 years$11,402$10,747$10,130$9,549$9,002$8,217
7 years$9,675$9,025$8,418$7,851$7,321$6,569
8 years$8,380$7,736$7,139$6,586$6,073$5,354
9 years$7,374$6,736$6,149$5,610$5,115$4,428
10 years$6,569$5,937$5,361$4,836$4,358$3,704
11 years$5,911$5,286$4,720$4,208$3,748$3,126
12 years$5,363$4,744$4,189$3,691$3,248$2,657
13 years$4,900$4,287$3,742$3,259$2,832$2,271
14 years$4,503$3,897$3,362$2,893$2,483$1,951
15 years$4,159$3,560$3,036$2,580$2,186$1,683
16 years$3,859$3,266$2,752$2,310$1,932$1,456
17 years$3,594$3,008$2,505$2,076$1,713$1,264
18 years$3,359$2,780$2,286$1,870$1,523$1,099
19 years$3,149$2,576$2,093$1,690$1,358$958
20 years$2,960$2,394$1,921$1,531$1,213$837
21 years$2,790$2,230$1,767$1,389$1,085$732
22 years$2,635$2,081$1,628$1,263$973$641
23 years$2,494$1,947$1,504$1,150$873$562
24 years$2,364$1,824$1,391$1,049$785$494
25 years$2,246$1,712$1,288$958$706$434
26 years$2,136$1,609$1,194$876$636$381
27 years$2,035$1,514$1,109$802$574$336
28 years$1,941$1,427$1,031$735$518$295
29 years$1,854$1,346$960$674$467$260
30 years$1,773$1,271$894$618$422$229
31 years$1,697$1,202$833$568$382$202
32 years$1,626$1,137$777$522$345$178
33 years$1,560$1,077$726$480$313$157
34 years$1,497$1,020$678$442$283$139
35 years$1,439$968$634$407$256$122
36 years$1,383$919$593$374$232$108
37 years$1,331$873$555$345$210$95
38 years$1,282$829$520$318$191$84
39 years$1,235$788$487$293$173$74
40 years$1,191$750$457$270$157$66
41 years$1,149$714$428$249$142$58
42 years$1,109$680$402$230$129$51
43 years$1,071$648$377$213$117$45
44 years$1,035$618$354$196$106$40
45 years$1,000$589$332$181$97$35
46 years$968$562$312$167$88$31
47 years$936$536$293$155$80$28
48 years$906$512$275$143$72$24
49 years$878$489$259$132$66$22
50 years$850$467$243$122$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $871,000, adding $6,927 every year, while hoping to spend $57,058 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: 43/41/16 Blend
29$871,000$871,000$871,000$871,000
30$966,987$920,824$907,324$1,003,794
31$1,004,911$905,235$877,010$1,014,750
32$1,044,790$886,970$843,768$1,020,427
33$1,086,764$865,838$807,440$1,025,358
34$1,130,985$841,635$767,860$1,029,499
35$1,177,618$814,147$724,856$1,032,808
36$1,226,843$783,148$678,246$1,035,244
37$1,278,855$748,396$627,841$1,036,764
38$1,333,869$709,638$573,445$1,037,328
39$1,392,118$666,605$514,850$1,036,898
40$1,453,858$619,013$451,841$1,035,435
41$1,519,367$566,560$384,194$1,032,907
42$1,588,951$508,930$311,673$1,029,283
43$1,662,942$445,786$234,032$1,024,534
44$1,741,706$376,773$151,016$1,018,640
45$1,825,642$301,517$62,356$1,011,585
46$1,915,187$219,621$0$1,003,358
47$2,010,820$130,666$0$999,468
48$2,113,067$34,213$0$1,006,133
49$2,222,504$0$0$1,012,769
50$2,339,760$0$0$1,051,139
51$2,465,530$0$0$1,108,922
52$2,600,572$0$0$1,171,043
53$2,745,721$0$0$1,237,893
54$2,901,891$0$0$1,309,905
55$3,070,089$0$0$1,387,554
56$3,251,416$0$0$1,471,360
57$3,447,087$0$0$1,561,895
58$3,658,433$0$0$1,659,790
59$3,886,918$0$0$1,765,736
60$4,134,151$0$0$1,880,492
61$4,401,902$0$0$2,004,895
62$4,692,114$0$0$2,139,863
63$5,006,926$0$0$2,286,409
64$5,348,689$0$0$2,445,642
65$5,719,991$0$0$2,618,788
66$6,123,677$0$0$2,807,190
67$6,562,875$0$0$3,012,329
68$7,041,032$0$0$3,235,836
69$7,561,936$0$0$3,479,501
70$8,129,758$0$0$3,745,300
71$8,749,088$0$0$4,035,403
72$9,424,977$0$0$4,352,201
73$10,162,986$0$0$4,698,326
74$10,969,238$0$0$5,076,674
75$11,850,470$0$0$5,490,437
76$12,814,102$0$0$5,943,126
77$13,868,304$0$0$6,438,607
78$15,022,071$0$0$6,981,141
79$16,285,306$0$0$7,575,415
80$17,668,917$0$0$8,226,594
81$19,184,916$0$0$8,940,367
82$20,846,530$0$0$9,722,995
83$22,668,328$0$0$10,581,379
84$24,666,357$0$0$11,523,118
85$26,858,289$0$0$12,556,580
86$29,263,591$0$0$13,690,987
87$31,903,706$0$0$14,936,492
88$34,802,251$0$0$16,304,282
89$37,985,246$0$0$17,806,682
90$41,481,351$0$0$19,457,267
91$45,322,140$0$0$21,270,992
92$49,542,394$0$0$23,264,333
93$54,180,432$0$0$25,455,441
94$59,278,468$0$0$27,864,314
95$64,883,011$0$0$30,512,983
96$71,045,298$0$0$33,425,721
97$77,821,782$0$0$36,629,272
98$85,274,657$0$0$40,153,099
99$93,472,450$0$0$44,029,668
100$102,490,661$0$0$48,294,747