Can I retire at age 30 with 874,000?

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 $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%16.7%
1 years$72,174$71,531$70,904$70,292$69,694$67,789
2 years$35,730$35,064$34,419$33,794$33,188$31,283
3 years$23,583$22,915$22,272$21,652$21,056$19,210
4 years$17,511$16,845$16,208$15,599$15,017$13,245
5 years$13,869$13,207$12,578$11,982$11,416$9,722
6 years$11,441$10,784$10,165$9,582$9,033$7,419
7 years$9,708$9,057$8,447$7,878$7,346$5,812
8 years$8,409$7,763$7,164$6,608$6,094$4,640
9 years$7,399$6,759$6,170$5,629$5,132$3,755
10 years$6,591$5,958$5,379$4,852$4,373$3,072
11 years$5,931$5,304$4,736$4,223$3,761$2,534
12 years$5,381$4,761$4,203$3,704$3,259$2,104
13 years$4,916$4,302$3,755$3,270$2,842$1,756
14 years$4,518$3,911$3,374$2,903$2,491$1,472
15 years$4,174$3,572$3,046$2,589$2,194$1,239
16 years$3,872$3,278$2,762$2,318$1,939$1,045
17 years$3,607$3,019$2,513$2,083$1,719$884
18 years$3,371$2,789$2,294$1,877$1,528$749
19 years$3,160$2,585$2,100$1,696$1,362$636
20 years$2,970$2,402$1,927$1,536$1,217$540
21 years$2,799$2,238$1,773$1,394$1,089$460
22 years$2,644$2,089$1,634$1,268$976$392
23 years$2,502$1,953$1,509$1,154$876$334
24 years$2,372$1,830$1,395$1,053$788$285
25 years$2,253$1,718$1,292$962$709$243
26 years$2,144$1,614$1,199$879$638$208
27 years$2,042$1,519$1,113$805$576$178
28 years$1,948$1,432$1,035$737$519$152
29 years$1,861$1,351$963$676$469$130
30 years$1,779$1,275$897$620$424$111
31 years$1,703$1,206$836$570$383$95
32 years$1,632$1,141$780$524$346$81
33 years$1,565$1,080$728$482$314$70
34 years$1,503$1,024$681$443$284$60
35 years$1,444$971$636$408$257$51
36 years$1,388$922$595$376$233$44
37 years$1,336$876$557$346$211$37
38 years$1,286$832$522$319$191$32
39 years$1,239$791$489$294$174$27
40 years$1,195$753$458$271$157$24
41 years$1,153$717$430$250$143$20
42 years$1,113$682$403$231$130$17
43 years$1,075$650$378$213$118$15
44 years$1,038$620$355$197$107$13
45 years$1,004$591$333$182$97$11
46 years$971$564$313$168$88$9
47 years$940$538$294$155$80$8
48 years$910$514$276$143$73$7
49 years$881$490$260$133$66$6
50 years$853$469$244$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $874,000, adding $5,021 every year, while hoping to spend $26,954 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: 29/42/29 Blend
29$874,000$874,000$874,000$874,000
30$968,327$922,005$908,458$987,643
31$1,038,418$938,505$910,213$1,019,865
32$1,114,754$954,909$911,123$1,051,815
33$1,197,945$971,186$911,131$1,085,631
34$1,288,660$987,298$910,179$1,121,493
35$1,387,637$1,003,209$908,203$1,159,601
36$1,495,686$1,018,877$905,138$1,200,177
37$1,613,702$1,034,258$900,916$1,243,466
38$1,742,667$1,049,304$895,464$1,289,741
39$1,883,664$1,063,965$888,707$1,339,303
40$2,037,885$1,078,186$880,566$1,392,484
41$2,206,642$1,091,911$870,958$1,449,653
42$2,391,381$1,105,075$859,797$1,511,221
43$2,593,692$1,117,614$846,990$1,577,638
44$2,815,329$1,129,457$832,444$1,649,405
45$3,058,220$1,140,529$816,059$1,727,076
46$3,324,492$1,150,748$797,730$1,811,264
47$3,616,485$1,160,029$777,349$1,902,645
48$3,936,777$1,168,282$754,801$2,001,971
49$4,288,209$1,175,408$729,967$2,110,070
50$4,673,907$1,181,304$702,723$2,227,858
51$5,097,319$1,185,861$672,937$2,356,350
52$5,562,239$1,188,962$640,474$2,496,666
53$6,072,848$1,190,481$605,190$2,650,045
54$6,633,752$1,190,288$566,938$2,817,856
55$7,250,024$1,188,242$525,560$3,001,611
56$7,927,254$1,184,194$480,894$3,202,984
57$8,671,601$1,177,986$432,770$3,423,821
58$9,489,847$1,169,451$381,011$3,666,164
59$10,389,468$1,158,410$325,431$3,932,267
60$11,378,697$1,144,675$265,836$4,224,621
61$12,466,606$1,128,047$202,024$4,545,977
62$13,663,192$1,108,313$133,784$4,899,372
63$14,979,467$1,085,249$60,895$5,288,161
64$16,427,565$1,058,619$0$5,716,049
65$18,020,854$1,028,169$0$6,192,351
66$19,774,066$993,634$0$6,736,805
67$21,703,431$954,732$0$7,335,611
68$23,826,832$911,165$0$7,994,351
69$26,163,974$862,617$0$8,719,183
70$28,736,569$808,755$0$9,516,898
71$31,568,540$749,225$0$10,394,985
72$34,686,249$683,655$0$11,361,705
73$38,118,742$611,650$0$12,426,164
74$41,898,026$532,793$0$13,598,408
75$46,059,369$446,645$0$14,889,513
76$50,641,633$352,739$0$16,311,691
77$55,687,641$250,584$0$17,878,412
78$61,244,579$139,661$0$19,604,526
79$67,364,444$19,422$0$21,506,407
80$74,104,532$0$0$23,602,109
81$81,527,980$0$0$25,962,709
82$89,704,360$0$0$28,572,819
83$98,710,337$0$0$31,447,959
84$108,630,393$0$0$34,615,127
85$119,557,619$0$0$38,104,070
86$131,594,601$0$0$41,947,567
87$144,854,381$0$0$46,181,744
88$159,461,528$0$0$50,846,405
89$175,553,313$0$0$55,985,417
90$193,281,000$0$0$61,647,117
91$212,811,282$0$0$67,884,773
92$234,327,844$0$0$74,757,084
93$258,033,104$0$0$82,328,735
94$284,150,121$0$0$90,671,006
95$312,924,700$0$0$99,862,449
96$344,627,711$0$0$109,989,623
97$379,557,646$0$0$121,147,917
98$418,043,439$0$0$133,442,447
99$460,447,567$0$0$146,989,048
100$507,169,472$0$0$161,915,370