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%14.4%
1 years$72,174$71,531$70,904$70,292$69,694$68,427
2 years$35,730$35,064$34,419$33,794$33,188$31,915
3 years$23,583$22,915$22,272$21,652$21,056$19,818
4 years$17,511$16,845$16,208$15,599$15,017$13,824
5 years$13,869$13,207$12,578$11,982$11,416$10,270
6 years$11,441$10,784$10,165$9,582$9,033$7,936
7 years$9,708$9,057$8,447$7,878$7,346$6,299
8 years$8,409$7,763$7,164$6,608$6,094$5,096
9 years$7,399$6,759$6,170$5,629$5,132$4,182
10 years$6,591$5,958$5,379$4,852$4,373$3,470
11 years$5,931$5,304$4,736$4,223$3,761$2,905
12 years$5,381$4,761$4,203$3,704$3,259$2,448
13 years$4,916$4,302$3,755$3,270$2,842$2,075
14 years$4,518$3,911$3,374$2,903$2,491$1,767
15 years$4,174$3,572$3,046$2,589$2,194$1,511
16 years$3,872$3,278$2,762$2,318$1,939$1,295
17 years$3,607$3,019$2,513$2,083$1,719$1,114
18 years$3,371$2,789$2,294$1,877$1,528$960
19 years$3,160$2,585$2,100$1,696$1,362$829
20 years$2,970$2,402$1,927$1,536$1,217$717
21 years$2,799$2,238$1,773$1,394$1,089$621
22 years$2,644$2,089$1,634$1,268$976$539
23 years$2,502$1,953$1,509$1,154$876$468
24 years$2,372$1,830$1,395$1,053$788$406
25 years$2,253$1,718$1,292$962$709$353
26 years$2,144$1,614$1,199$879$638$308
27 years$2,042$1,519$1,113$805$576$268
28 years$1,948$1,432$1,035$737$519$233
29 years$1,861$1,351$963$676$469$203
30 years$1,779$1,275$897$620$424$177
31 years$1,703$1,206$836$570$383$155
32 years$1,632$1,141$780$524$346$135
33 years$1,565$1,080$728$482$314$118
34 years$1,503$1,024$681$443$284$103
35 years$1,444$971$636$408$257$90
36 years$1,388$922$595$376$233$78
37 years$1,336$876$557$346$211$68
38 years$1,286$832$522$319$191$60
39 years$1,239$791$489$294$174$52
40 years$1,195$753$458$271$157$46
41 years$1,153$717$430$250$143$40
42 years$1,113$682$403$231$130$35
43 years$1,075$650$378$213$118$30
44 years$1,038$620$355$197$107$27
45 years$1,004$591$333$182$97$23
46 years$971$564$313$168$88$20
47 years$940$538$294$155$80$18
48 years$910$514$276$143$73$15
49 years$881$490$260$133$66$14
50 years$853$469$244$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $874,000, adding $5,488 every year, while hoping to spend $48,132 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: 42/37/21 Blend
29$874,000$874,000$874,000$874,000
30$968,809$922,487$908,940$1,003,335
31$1,016,415$916,477$888,177$1,022,398
32$1,067,264$908,559$865,106$1,037,962
33$1,121,636$898,589$839,598$1,053,835
34$1,179,837$886,414$811,519$1,070,070
35$1,242,205$871,872$780,728$1,086,730
36$1,309,107$854,792$747,080$1,103,887
37$1,380,950$834,990$710,421$1,121,625
38$1,458,177$812,275$670,591$1,140,040
39$1,541,278$786,443$627,422$1,159,243
40$1,630,787$757,278$580,740$1,179,361
41$1,727,294$724,551$530,361$1,200,537
42$1,831,444$688,021$476,095$1,222,935
43$1,943,949$647,431$417,742$1,246,742
44$2,065,589$602,512$355,093$1,272,170
45$2,197,222$552,978$287,931$1,299,457
46$2,339,791$498,527$216,030$1,328,874
47$2,494,334$438,838$139,150$1,360,724
48$2,661,990$373,575$57,046$1,395,352
49$2,844,014$302,381$0$1,433,144
50$3,041,785$224,880$0$1,481,384
51$3,256,820$140,672$0$1,547,794
52$3,490,790$49,339$0$1,620,189
53$3,745,531$0$0$1,699,245
54$4,023,063$0$0$1,805,895
55$4,325,612$0$0$1,944,158
56$4,655,625$0$0$2,095,077
57$5,015,796$0$0$2,259,897
58$5,409,092$0$0$2,439,990
59$5,838,777$0$0$2,636,863
60$6,308,445$0$0$2,852,179
61$6,822,054$0$0$3,087,768
62$7,383,961$0$0$3,345,644
63$7,998,963$0$0$3,628,025
64$8,672,344$0$0$3,937,355
65$9,409,920$0$0$4,276,323
66$10,218,098$0$0$4,647,893
67$11,103,934$0$0$5,055,328
68$12,075,198$0$0$5,502,221
69$13,140,449$0$0$5,992,532
70$14,309,114$0$0$6,530,621
71$15,591,575$0$0$7,121,290
72$16,999,269$0$0$7,769,831
73$18,544,795$0$0$8,482,072
74$20,242,030$0$0$9,264,432
75$22,106,261$0$0$10,123,985
76$24,154,330$0$0$11,068,521
77$26,404,788$0$0$12,106,625
78$28,878,074$0$0$13,247,752
79$31,596,706$0$0$14,502,321
80$34,585,490$0$0$15,881,810
81$37,871,756$0$0$17,398,864
82$41,485,615$0$0$19,067,417
83$45,460,243$0$0$20,902,820
84$49,832,191$0$0$22,921,985
85$54,641,729$0$0$25,143,548
86$59,933,230$0$0$27,588,041
87$65,755,583$0$0$30,278,088
88$72,162,654$0$0$33,238,616
89$79,213,797$0$0$36,497,091
90$86,974,409$0$0$40,083,776
91$95,516,548$0$0$44,032,019
92$104,919,614$0$0$48,378,563
93$115,271,095$0$0$53,163,896
94$126,667,391$0$0$58,432,630
95$139,214,728$0$0$64,233,925
96$153,030,151$0$0$70,621,948
97$168,242,636$0$0$77,656,390
98$184,994,303$0$0$85,403,020
99$203,441,753$0$0$93,934,316
100$223,757,551$0$0$103,330,140