Can I retire at age 30 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$72,174$71,531$70,904$70,292$69,694$67,926
2 years$35,730$35,064$34,419$33,794$33,188$31,418
3 years$23,583$22,915$22,272$21,652$21,056$19,340
4 years$17,511$16,845$16,208$15,599$15,017$13,368
5 years$13,869$13,207$12,578$11,982$11,416$9,838
6 years$11,441$10,784$10,165$9,582$9,033$7,528
7 years$9,708$9,057$8,447$7,878$7,346$5,915
8 years$8,409$7,763$7,164$6,608$6,094$4,735
9 years$7,399$6,759$6,170$5,629$5,132$3,844
10 years$6,591$5,958$5,379$4,852$4,373$3,155
11 years$5,931$5,304$4,736$4,223$3,761$2,611
12 years$5,381$4,761$4,203$3,704$3,259$2,175
13 years$4,916$4,302$3,755$3,270$2,842$1,821
14 years$4,518$3,911$3,374$2,903$2,491$1,532
15 years$4,174$3,572$3,046$2,589$2,194$1,293
16 years$3,872$3,278$2,762$2,318$1,939$1,095
17 years$3,607$3,019$2,513$2,083$1,719$930
18 years$3,371$2,789$2,294$1,877$1,528$791
19 years$3,160$2,585$2,100$1,696$1,362$674
20 years$2,970$2,402$1,927$1,536$1,217$575
21 years$2,799$2,238$1,773$1,394$1,089$491
22 years$2,644$2,089$1,634$1,268$976$420
23 years$2,502$1,953$1,509$1,154$876$360
24 years$2,372$1,830$1,395$1,053$788$308
25 years$2,253$1,718$1,292$962$709$264
26 years$2,144$1,614$1,199$879$638$226
27 years$2,042$1,519$1,113$805$576$194
28 years$1,948$1,432$1,035$737$519$167
29 years$1,861$1,351$963$676$469$143
30 years$1,779$1,275$897$620$424$123
31 years$1,703$1,206$836$570$383$106
32 years$1,632$1,141$780$524$346$91
33 years$1,565$1,080$728$482$314$78
34 years$1,503$1,024$681$443$284$67
35 years$1,444$971$636$408$257$58
36 years$1,388$922$595$376$233$50
37 years$1,336$876$557$346$211$43
38 years$1,286$832$522$319$191$37
39 years$1,239$791$489$294$174$32
40 years$1,195$753$458$271$157$27
41 years$1,153$717$430$250$143$23
42 years$1,113$682$403$231$130$20
43 years$1,075$650$378$213$118$17
44 years$1,038$620$355$197$107$15
45 years$1,004$591$333$182$97$13
46 years$971$564$313$168$88$11
47 years$940$538$294$155$80$9
48 years$910$514$276$143$73$8
49 years$881$490$260$133$66$7
50 years$853$469$244$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $874,000, adding $6,847 every year, while hoping to spend $46,367 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: 48/31/21 Blend
29$874,000$874,000$874,000$874,000
30$970,211$923,889$910,342$1,010,715
31$1,019,838$919,825$891,504$1,035,571
32$1,072,973$914,008$870,481$1,057,334
33$1,129,926$906,304$847,151$1,080,004
34$1,191,033$896,568$821,386$1,103,688
35$1,256,669$884,650$793,052$1,128,502
36$1,327,239$870,388$762,010$1,154,582
37$1,403,194$853,613$728,113$1,182,076
38$1,485,023$834,144$691,209$1,211,153
39$1,573,269$811,790$651,138$1,242,003
40$1,668,524$786,349$607,733$1,274,837
41$1,771,440$757,608$560,819$1,309,894
42$1,882,735$725,339$510,214$1,347,439
43$2,003,197$689,302$455,729$1,387,770
44$2,133,690$649,246$397,163$1,431,219
45$2,275,168$604,900$334,310$1,478,159
46$2,428,678$555,983$266,952$1,529,004
47$2,595,372$502,195$194,863$1,584,217
48$2,776,516$443,218$117,807$1,644,314
49$2,973,503$378,719$35,536$1,709,870
50$3,187,867$308,343$0$1,781,525
51$3,421,296$231,717$0$1,871,701
52$3,675,644$148,448$0$1,978,741
53$3,952,955$58,117$0$2,095,618
54$4,255,477$0$0$2,223,378
55$4,585,685$0$0$2,376,726
56$4,946,303$0$0$2,565,938
57$5,340,329$0$0$2,772,773
58$5,771,066$0$0$2,998,975
59$6,242,148$0$0$3,246,468
60$6,757,576$0$0$3,517,364
61$7,321,759$0$0$3,813,995
62$7,939,547$0$0$4,138,924
63$8,616,286$0$0$4,494,977
64$9,357,859$0$0$4,885,265
65$10,170,748$0$0$5,313,214
66$11,062,091$0$0$5,782,597
67$12,039,750$0$0$6,297,572
68$13,112,383$0$0$6,862,717
69$14,289,530$0$0$7,483,074
70$15,581,696$0$0$8,164,200
71$17,000,453$0$0$8,912,212
72$18,558,551$0$0$9,733,852
73$20,270,032$0$0$10,636,546
74$22,150,367$0$0$11,628,476
75$24,216,599$0$0$12,718,652
76$26,487,505$0$0$13,917,005
77$28,983,768$0$0$15,234,473
78$31,728,178$0$0$16,683,107
79$34,745,841$0$0$18,276,186
80$38,064,421$0$0$20,028,338
81$41,714,392$0$0$21,955,681
82$45,729,333$0$0$24,075,973
83$50,146,241$0$0$26,408,781
84$55,005,878$0$0$28,975,662
85$60,353,156$0$0$31,800,371
86$66,237,562$0$0$34,909,079
87$72,713,622$0$0$38,330,625
88$79,841,414$0$0$42,096,785
89$87,687,137$0$0$46,242,571
90$96,323,734$0$0$50,806,562
91$105,831,579$0$0$55,831,269
92$116,299,232$0$0$61,363,532
93$127,824,280$0$0$67,454,967
94$140,514,252$0$0$74,162,448
95$154,487,637$0$0$81,548,644
96$169,874,996$0$0$89,682,614
97$186,820,198$0$0$98,640,453
98$205,481,777$0$0$108,506,013
99$226,034,423$0$0$119,371,693
100$248,670,634$0$0$131,339,312