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%18.9%
1 years$72,092$71,449$70,823$70,211$69,614$67,118
2 years$35,689$35,024$34,380$33,755$33,150$30,661
3 years$23,556$22,889$22,246$21,627$21,031$18,630
4 years$17,491$16,826$16,190$15,581$15,000$12,703
5 years$13,853$13,191$12,564$11,968$11,403$9,217
6 years$11,428$10,772$10,153$9,571$9,023$6,949
7 years$9,697$9,046$8,437$7,869$7,338$5,376
8 years$8,399$7,754$7,156$6,601$6,087$4,236
9 years$7,390$6,751$6,163$5,623$5,126$3,383
10 years$6,584$5,951$5,373$4,847$4,368$2,730
11 years$5,924$5,298$4,730$4,218$3,757$2,220
12 years$5,375$4,755$4,198$3,700$3,255$1,817
13 years$4,911$4,297$3,751$3,266$2,839$1,494
14 years$4,513$3,906$3,370$2,900$2,488$1,233
15 years$4,169$3,568$3,043$2,586$2,191$1,021
16 years$3,868$3,274$2,759$2,315$1,936$848
17 years$3,602$3,015$2,510$2,080$1,717$706
18 years$3,367$2,786$2,292$1,875$1,527$588
19 years$3,156$2,582$2,098$1,694$1,361$491
20 years$2,967$2,399$1,925$1,534$1,215$411
21 years$2,796$2,235$1,771$1,392$1,088$344
22 years$2,641$2,086$1,632$1,266$975$288
23 years$2,499$1,951$1,507$1,153$875$241
24 years$2,370$1,828$1,394$1,052$787$202
25 years$2,251$1,716$1,291$960$708$170
26 years$2,141$1,612$1,197$878$638$142
27 years$2,040$1,517$1,112$804$575$120
28 years$1,946$1,430$1,033$736$519$100
29 years$1,858$1,349$962$675$468$84
30 years$1,777$1,274$896$620$423$71
31 years$1,701$1,204$835$569$383$60
32 years$1,630$1,140$779$523$346$50
33 years$1,563$1,079$728$481$313$42
34 years$1,501$1,023$680$443$284$35
35 years$1,442$970$636$407$257$30
36 years$1,387$921$595$375$233$25
37 years$1,334$875$556$346$211$21
38 years$1,285$831$521$319$191$18
39 years$1,238$790$488$294$173$15
40 years$1,194$752$458$271$157$12
41 years$1,151$716$429$250$143$11
42 years$1,111$682$403$231$129$9
43 years$1,073$649$378$213$118$7
44 years$1,037$619$355$197$107$6
45 years$1,003$590$333$182$97$5
46 years$970$563$313$168$88$4
47 years$938$537$294$155$80$4
48 years$908$513$276$143$73$3
49 years$880$490$259$132$66$3
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 $4,720 every year, while hoping to spend $55,742 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: 62/18/20 Blend
29$873,000$873,000$873,000$873,000
30$966,915$920,646$907,114$1,021,588
31$1,006,231$906,448$878,193$1,044,847
32$1,047,689$889,687$846,436$1,063,590
33$1,091,449$870,177$811,687$1,082,774
34$1,137,685$847,724$773,786$1,102,447
35$1,186,586$822,120$732,565$1,122,665
36$1,238,360$793,146$687,849$1,143,492
37$1,293,234$760,571$639,453$1,165,001
38$1,351,454$724,149$587,185$1,187,276
39$1,413,292$683,622$530,845$1,210,411
40$1,479,042$638,714$470,223$1,234,513
41$1,549,030$589,137$405,101$1,259,704
42$1,623,609$534,582$335,249$1,286,120
43$1,703,167$474,726$260,430$1,313,917
44$1,788,129$409,227$180,393$1,343,269
45$1,878,961$337,722$94,880$1,374,373
46$1,976,174$259,830$3,618$1,407,448
47$2,080,329$175,146$0$1,442,744
48$2,192,038$83,244$0$1,500,550
49$2,311,976$0$0$1,563,291
50$2,440,883$0$0$1,633,843
51$2,579,571$0$0$1,727,533
52$2,728,931$0$0$1,828,482
53$2,889,943$0$0$1,937,356
54$3,063,681$0$0$2,054,890
55$3,251,329$0$0$2,181,891
56$3,454,183$0$0$2,319,243
57$3,673,672$0$0$2,467,922
58$3,911,365$0$0$2,628,998
59$4,168,986$0$0$2,803,648
60$4,448,432$0$0$2,993,166
61$4,751,789$0$0$3,198,977
62$5,081,352$0$0$3,422,647
63$5,439,644$0$0$3,665,899
64$5,829,441$0$0$3,930,627
65$6,253,799$0$0$4,218,919
66$6,716,079$0$0$4,533,068
67$7,219,979$0$0$4,875,601
68$7,769,571$0$0$5,249,297
69$8,369,336$0$0$5,657,216
70$9,024,207$0$0$6,102,726
71$9,739,611$0$0$6,589,536
72$10,521,528$0$0$7,121,726
73$11,376,537$0$0$7,703,792
74$12,311,883$0$0$8,340,681
75$13,335,546$0$0$9,037,843
76$14,456,310$0$0$9,801,277
77$15,683,849$0$0$10,637,592
78$17,028,816$0$0$11,554,062
79$18,502,944$0$0$12,558,703
80$20,119,154$0$0$13,660,340
81$21,891,678$0$0$14,868,695
82$23,836,192$0$0$16,194,474
83$25,969,960$0$0$17,649,472
84$28,312,001$0$0$19,246,679
85$30,883,262$0$0$21,000,406
86$33,706,821$0$0$22,926,415
87$36,808,096$0$0$25,042,073
88$40,215,092$0$0$27,366,508
89$43,958,658$0$0$29,920,795
90$48,072,778$0$0$32,728,150
91$52,594,894$0$0$35,814,153
92$57,566,255$0$0$39,206,981
93$63,032,305$0$0$42,937,680
94$69,043,113$0$0$47,040,456
95$75,653,840$0$0$51,552,994
96$82,925,264$0$0$56,516,815
97$90,924,348$0$0$61,977,666
98$99,724,870$0$0$67,985,951
99$109,408,122$0$0$74,597,209
100$120,063,672$0$0$81,872,631