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%
1 years$72,092$71,449$70,823$70,211$69,614$67,359
2 years$35,689$35,024$34,380$33,755$33,150$30,899
3 years$23,556$22,889$22,246$21,627$21,031$18,855
4 years$17,491$16,826$16,190$15,581$15,000$12,915
5 years$13,853$13,191$12,564$11,968$11,403$9,415
6 years$11,428$10,772$10,153$9,571$9,023$7,134
7 years$9,697$9,046$8,437$7,869$7,338$5,548
8 years$8,399$7,754$7,156$6,601$6,087$4,395
9 years$7,390$6,751$6,163$5,623$5,126$3,529
10 years$6,584$5,951$5,373$4,847$4,368$2,864
11 years$5,924$5,298$4,730$4,218$3,757$2,342
12 years$5,375$4,755$4,198$3,700$3,255$1,928
13 years$4,911$4,297$3,751$3,266$2,839$1,595
14 years$4,513$3,906$3,370$2,900$2,488$1,325
15 years$4,169$3,568$3,043$2,586$2,191$1,105
16 years$3,868$3,274$2,759$2,315$1,936$923
17 years$3,602$3,015$2,510$2,080$1,717$774
18 years$3,367$2,786$2,292$1,875$1,527$649
19 years$3,156$2,582$2,098$1,694$1,361$546
20 years$2,967$2,399$1,925$1,534$1,215$459
21 years$2,796$2,235$1,771$1,392$1,088$387
22 years$2,641$2,086$1,632$1,266$975$326
23 years$2,499$1,951$1,507$1,153$875$276
24 years$2,370$1,828$1,394$1,052$787$233
25 years$2,251$1,716$1,291$960$708$197
26 years$2,141$1,612$1,197$878$638$166
27 years$2,040$1,517$1,112$804$575$141
28 years$1,946$1,430$1,033$736$519$119
29 years$1,858$1,349$962$675$468$101
30 years$1,777$1,274$896$620$423$85
31 years$1,701$1,204$835$569$383$72
32 years$1,630$1,140$779$523$346$61
33 years$1,563$1,079$728$481$313$52
34 years$1,501$1,023$680$443$284$44
35 years$1,442$970$636$407$257$37
36 years$1,387$921$595$375$233$31
37 years$1,334$875$556$346$211$27
38 years$1,285$831$521$319$191$23
39 years$1,238$790$488$294$173$19
40 years$1,194$752$458$271$157$16
41 years$1,151$716$429$250$143$14
42 years$1,111$682$403$231$129$12
43 years$1,073$649$378$213$118$10
44 years$1,037$619$355$197$107$8
45 years$1,003$590$333$182$97$7
46 years$970$563$313$168$88$6
47 years$938$537$294$155$80$5
48 years$908$513$276$143$73$4
49 years$880$490$259$132$66$4
50 years$852$468$244$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $873,000, adding $2,135 every year, while hoping to spend $42,180 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: 68/22/10 Blend
29$873,000$873,000$873,000$873,000
30$964,248$917,979$904,448$1,027,711
31$1,017,722$918,081$889,868$1,070,230
32$1,075,237$916,774$873,385$1,111,442
33$1,137,160$913,945$854,893$1,155,403
34$1,203,895$909,473$834,276$1,202,374
35$1,275,886$903,230$811,418$1,252,647
36$1,353,619$895,081$786,193$1,306,543
37$1,437,630$884,882$758,472$1,364,417
38$1,528,507$872,481$728,120$1,426,660
39$1,626,898$857,715$694,995$1,493,705
40$1,733,512$840,414$658,948$1,566,031
41$1,849,132$820,396$619,825$1,644,165
42$1,974,618$797,470$577,463$1,728,691
43$2,110,915$771,431$531,694$1,820,253
44$2,259,063$742,066$482,340$1,919,563
45$2,420,207$709,146$429,218$2,027,407
46$2,595,604$672,431$372,133$2,144,652
47$2,786,641$631,666$310,885$2,272,258
48$2,994,842$586,581$245,263$2,411,282
49$3,221,885$536,892$175,048$2,562,895
50$3,469,615$482,297$100,010$2,728,386
51$3,740,065$422,479$19,910$2,909,180
52$4,035,472$357,102$0$3,106,850
53$4,358,299$285,809$0$3,330,131
54$4,711,258$208,226$0$3,576,664
55$5,097,333$123,956$0$3,846,468
56$5,519,813$32,581$0$4,141,911
57$5,982,315$0$0$4,465,602
58$6,488,827$0$0$4,836,480
59$7,043,737$0$0$5,251,488
60$7,651,878$0$0$5,706,361
61$8,318,575$0$0$6,205,086
62$9,049,691$0$0$6,752,056
63$9,851,682$0$0$7,352,110
64$10,731,663$0$0$8,010,577
65$11,697,468$0$0$8,733,326
66$12,757,728$0$0$9,526,825
67$13,921,947$0$0$10,398,196
68$15,200,600$0$0$11,355,285
69$16,605,221$0$0$12,406,735
70$18,148,520$0$0$13,562,070
71$19,844,497$0$0$14,831,780
72$21,708,575$0$0$16,227,421
73$23,757,748$0$0$17,761,725
74$26,010,735$0$0$19,448,720
75$28,488,163$0$0$21,303,860
76$31,212,754$0$0$23,344,173
77$34,209,547$0$0$25,588,419
78$37,506,124$0$0$28,057,267
79$41,132,879$0$0$30,773,490
80$45,123,299$0$0$33,762,180
81$49,514,280$0$0$37,050,986
82$54,346,475$0$0$40,670,370
83$59,664,680$0$0$44,653,896
84$65,518,249$0$0$49,038,550
85$71,961,568$0$0$53,865,081
86$79,054,559$0$0$59,178,394
87$86,863,252$0$0$65,027,965
88$95,460,403$0$0$71,468,314
89$104,926,182$0$0$78,559,515
90$115,348,929$0$0$86,367,763
91$126,825,984$0$0$94,966,001
92$139,464,611$0$0$104,434,604
93$153,383,002$0$0$114,862,140
94$168,711,398$0$0$126,346,203
95$185,593,316$0$0$138,994,337
96$204,186,900$0$0$152,925,046
97$224,666,416$0$0$168,268,916
98$247,223,895$0$0$185,169,844
99$272,070,944$0$0$203,786,399
100$299,440,744$0$0$224,293,313