Can I retire at age 30 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$72,339$71,695$71,066$70,453$69,853$67,402
2 years$35,812$35,145$34,498$33,871$33,264$30,819
3 years$23,637$22,967$22,323$21,702$21,104$18,744
4 years$17,551$16,883$16,245$15,635$15,051$12,794
5 years$13,901$13,237$12,607$12,009$11,442$9,292
6 years$11,468$10,809$10,188$9,604$9,054$7,014
7 years$9,730$9,077$8,466$7,896$7,363$5,433
8 years$8,428$7,781$7,180$6,624$6,108$4,286
9 years$7,416$6,775$6,184$5,642$5,144$3,427
10 years$6,606$5,972$5,392$4,863$4,383$2,768
11 years$5,945$5,316$4,747$4,233$3,770$2,254
12 years$5,394$4,771$4,213$3,713$3,267$1,847
13 years$4,928$4,312$3,764$3,278$2,849$1,521
14 years$4,529$3,919$3,382$2,909$2,497$1,257
15 years$4,183$3,581$3,053$2,595$2,199$1,043
16 years$3,881$3,285$2,768$2,323$1,943$867
17 years$3,615$3,025$2,519$2,087$1,723$723
18 years$3,378$2,796$2,299$1,881$1,532$604
19 years$3,167$2,591$2,105$1,700$1,365$505
20 years$2,977$2,408$1,932$1,540$1,220$422
21 years$2,806$2,243$1,777$1,397$1,091$354
22 years$2,650$2,093$1,638$1,270$978$297
23 years$2,508$1,958$1,512$1,157$878$249
24 years$2,378$1,834$1,399$1,055$789$209
25 years$2,258$1,722$1,295$964$710$176
26 years$2,148$1,618$1,201$881$640$148
27 years$2,047$1,523$1,116$807$577$124
28 years$1,952$1,435$1,037$739$520$105
29 years$1,865$1,354$965$678$470$88
30 years$1,783$1,278$899$622$425$74
31 years$1,707$1,208$838$571$384$62
32 years$1,636$1,143$782$525$347$52
33 years$1,569$1,083$730$483$314$44
34 years$1,506$1,026$682$444$285$37
35 years$1,447$973$638$409$258$31
36 years$1,391$924$597$377$234$26
37 years$1,339$878$558$347$212$22
38 years$1,289$834$523$320$192$19
39 years$1,242$793$490$295$174$16
40 years$1,198$754$459$272$158$13
41 years$1,155$718$431$251$143$11
42 years$1,115$684$404$232$130$9
43 years$1,077$652$379$214$118$8
44 years$1,041$621$356$197$107$7
45 years$1,006$592$334$182$97$6
46 years$973$565$314$168$88$5
47 years$942$539$295$156$80$4
48 years$912$515$277$144$73$3
49 years$883$492$260$133$66$3
50 years$855$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $876,000, adding $6,388 every year, while hoping to spend $32,510 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: 52/31/17 Blend
29$876,000$876,000$876,000$876,000
30$971,941$925,513$911,935$1,017,664
31$1,036,489$936,273$907,895$1,060,486
32$1,106,531$946,470$902,629$1,103,094
33$1,182,593$956,044$896,063$1,148,723
34$1,265,254$964,926$888,118$1,197,670
35$1,355,151$973,049$878,711$1,250,261
36$1,452,984$980,336$867,755$1,306,859
37$1,559,523$986,707$855,160$1,367,864
38$1,675,617$992,078$840,831$1,433,717
39$1,802,199$996,359$824,667$1,504,905
40$1,940,296$999,453$806,566$1,581,969
41$2,091,038$1,001,258$786,418$1,665,504
42$2,255,670$1,001,666$764,109$1,756,168
43$2,435,562$1,000,561$739,520$1,854,687
44$2,632,222$997,821$712,527$1,961,864
45$2,847,311$993,317$682,999$2,078,586
46$3,082,656$986,909$650,799$2,205,832
47$3,340,272$978,453$615,786$2,344,683
48$3,622,375$967,792$577,810$2,496,333
49$3,931,407$954,763$536,716$2,662,100
50$4,270,055$939,192$492,341$2,843,440
51$4,641,282$920,893$444,515$3,041,959
52$5,048,347$899,672$393,061$3,259,433
53$5,494,844$875,320$337,794$3,497,818
54$5,984,727$847,620$278,519$3,759,279
55$6,522,355$816,339$215,035$4,046,199
56$7,112,527$781,232$147,131$4,361,214
57$7,760,531$742,038$74,586$4,707,230
58$8,472,191$698,484$0$5,087,455
59$9,253,922$650,278$0$5,505,943
60$10,112,794$597,114$0$5,980,558
61$11,056,593$538,665$0$6,502,113
62$12,093,896$474,591$0$7,075,411
63$13,234,154$404,526$0$7,705,750
64$14,487,779$328,090$0$8,398,972
65$15,866,242$244,875$0$9,161,517
66$17,382,180$154,455$0$10,000,488
67$19,049,517$56,379$0$10,923,718
68$20,883,595$0$0$11,939,841
69$22,901,317$0$0$13,075,378
70$25,121,305$0$0$14,346,009
71$27,564,080$0$0$15,744,257
72$30,252,251$0$0$17,283,078
73$33,210,729$0$0$18,976,745
74$36,466,963$0$0$20,840,986
75$40,051,199$0$0$22,893,131
76$43,996,762$0$0$25,152,275
77$48,340,372$0$0$27,639,460
78$53,122,494$0$0$30,377,869
79$58,387,710$0$0$33,393,050
80$64,185,151$0$0$36,713,154
81$70,568,950$0$0$40,369,200
82$77,598,760$0$0$44,395,369
83$85,340,311$0$0$48,829,325
84$93,866,034$0$0$53,712,571
85$103,255,743$0$0$59,090,843
86$113,597,387$0$0$65,014,535
87$124,987,879$0$0$71,539,182
88$137,534,014$0$0$78,725,977
89$151,353,472$0$0$86,642,354
90$166,575,930$0$0$95,362,620
91$183,344,288$0$0$104,968,660
92$201,816,013$0$0$115,550,707
93$222,164,628$0$0$127,208,192
94$244,581,349$0$0$140,050,687
95$269,276,887$0$0$154,198,936
96$296,483,439$0$0$169,785,992
97$326,456,879$0$0$186,958,480
98$359,479,173$0$0$205,877,972
99$395,861,036$0$0$226,722,519
100$435,944,872$0$0$249,688,327