Can I retire at age 30 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$72,092$71,449$70,823$70,211$69,614$66,905
2 years$35,689$35,024$34,380$33,755$33,150$30,453
3 years$23,556$22,889$22,246$21,627$21,031$18,432
4 years$17,491$16,826$16,190$15,581$15,000$12,518
5 years$13,853$13,191$12,564$11,968$11,403$9,044
6 years$11,428$10,772$10,153$9,571$9,023$6,789
7 years$9,697$9,046$8,437$7,869$7,338$5,228
8 years$8,399$7,754$7,156$6,601$6,087$4,100
9 years$7,390$6,751$6,163$5,623$5,126$3,259
10 years$6,584$5,951$5,373$4,847$4,368$2,616
11 years$5,924$5,298$4,730$4,218$3,757$2,116
12 years$5,375$4,755$4,198$3,700$3,255$1,722
13 years$4,911$4,297$3,751$3,266$2,839$1,409
14 years$4,513$3,906$3,370$2,900$2,488$1,156
15 years$4,169$3,568$3,043$2,586$2,191$952
16 years$3,868$3,274$2,759$2,315$1,936$786
17 years$3,602$3,015$2,510$2,080$1,717$650
18 years$3,367$2,786$2,292$1,875$1,527$539
19 years$3,156$2,582$2,098$1,694$1,361$447
20 years$2,967$2,399$1,925$1,534$1,215$372
21 years$2,796$2,235$1,771$1,392$1,088$309
22 years$2,641$2,086$1,632$1,266$975$257
23 years$2,499$1,951$1,507$1,153$875$214
24 years$2,370$1,828$1,394$1,052$787$178
25 years$2,251$1,716$1,291$960$708$149
26 years$2,141$1,612$1,197$878$638$124
27 years$2,040$1,517$1,112$804$575$103
28 years$1,946$1,430$1,033$736$519$86
29 years$1,858$1,349$962$675$468$72
30 years$1,777$1,274$896$620$423$60
31 years$1,701$1,204$835$569$383$50
32 years$1,630$1,140$779$523$346$42
33 years$1,563$1,079$728$481$313$35
34 years$1,501$1,023$680$443$284$29
35 years$1,442$970$636$407$257$24
36 years$1,387$921$595$375$233$20
37 years$1,334$875$556$346$211$17
38 years$1,285$831$521$319$191$14
39 years$1,238$790$488$294$173$12
40 years$1,194$752$458$271$157$10
41 years$1,151$716$429$250$143$8
42 years$1,111$682$403$231$129$7
43 years$1,073$649$378$213$118$6
44 years$1,037$619$355$197$107$5
45 years$1,003$590$333$182$97$4
46 years$970$563$313$168$88$3
47 years$938$537$294$155$80$3
48 years$908$513$276$143$73$2
49 years$880$490$259$132$66$2
50 years$852$468$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $873,000, adding $5,123 every year, while hoping to spend $55,215 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: 63/11/26 Blend
29$873,000$873,000$873,000$873,000
30$967,330$921,061$907,530$1,021,308
31$1,007,250$907,445$879,184$1,044,852
32$1,049,390$891,311$848,038$1,064,023
33$1,093,920$872,477$813,939$1,083,752
34$1,141,023$850,752$776,729$1,104,103
35$1,190,900$825,931$736,242$1,125,146
36$1,243,769$797,799$692,303$1,146,962
37$1,299,870$766,127$644,732$1,169,642
38$1,359,464$730,675$593,337$1,193,289
39$1,422,837$691,186$537,922$1,218,020
40$1,490,302$647,390$478,279$1,243,964
41$1,562,203$599,002$414,191$1,271,269
42$1,638,914$545,719$345,432$1,300,099
43$1,720,847$487,223$271,768$1,330,642
44$1,808,451$423,175$192,950$1,363,103
45$1,902,222$353,220$108,723$1,397,716
46$2,002,701$276,980$18,817$1,434,743
47$2,110,482$194,057$0$1,474,474
48$2,226,217$104,032$0$1,538,631
49$2,350,622$6,459$0$1,613,145
50$2,484,481$0$0$1,693,279
51$2,628,659$0$0$1,791,574
52$2,784,101$0$0$1,898,439
53$2,951,850$0$0$2,013,815
54$3,133,047$0$0$2,138,493
55$3,328,950$0$0$2,273,346
56$3,540,939$0$0$2,419,331
57$3,770,533$0$0$2,577,501
58$4,019,401$0$0$2,749,012
59$4,289,378$0$0$2,935,139
60$4,582,482$0$0$3,137,282
61$4,900,935$0$0$3,356,980
62$5,247,177$0$0$3,595,927
63$5,623,895$0$0$3,855,988
64$6,034,047$0$0$4,139,213
65$6,480,884$0$0$4,447,860
66$6,967,986$0$0$4,784,412
67$7,499,294$0$0$5,151,602
68$8,079,143$0$0$5,552,440
69$8,712,307$0$0$5,990,238
70$9,404,039$0$0$6,468,641
71$10,160,126$0$0$6,991,665
72$10,986,934$0$0$7,563,729
73$11,891,478$0$0$8,189,699
74$12,881,476$0$0$8,874,934
75$13,965,432$0$0$9,625,335
76$15,152,708$0$0$10,447,398
77$16,453,615$0$0$11,348,281
78$17,879,507$0$0$12,335,865
79$19,442,890$0$0$13,418,828
80$21,157,538$0$0$14,606,733
81$23,038,621$0$0$15,910,107
82$25,102,850$0$0$17,340,551
83$27,368,630$0$0$18,910,840
84$29,856,236$0$0$20,635,047
85$32,588,002$0$0$22,528,676
86$35,588,532$0$0$24,608,803
87$38,884,926$0$0$26,894,243
88$42,507,043$0$0$29,405,721
89$46,487,776$0$0$32,166,070
90$50,863,361$0$0$35,200,445
91$55,673,722$0$0$38,536,559
92$60,962,842$0$0$42,204,946
93$66,779,179$0$0$46,239,245
94$73,176,124$0$0$50,676,517
95$80,212,500$0$0$55,557,599
96$87,953,117$0$0$60,927,482
97$96,469,384$0$0$66,835,738
98$105,839,979$0$0$73,336,986
99$116,151,592$0$0$80,491,407
100$127,499,742$0$0$88,365,311