Can I retire at age 30 with 876,000?

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 $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%12%
1 years$72,339$71,695$71,066$70,453$69,853$69,268
2 years$35,812$35,145$34,498$33,871$33,264$32,674
3 years$23,637$22,967$22,323$21,702$21,104$20,528
4 years$17,551$16,883$16,245$15,635$15,051$14,493
5 years$13,901$13,237$12,607$12,009$11,442$10,903
6 years$11,468$10,809$10,188$9,604$9,054$8,536
7 years$9,730$9,077$8,466$7,896$7,363$6,866
8 years$8,428$7,781$7,180$6,624$6,108$5,632
9 years$7,416$6,775$6,184$5,642$5,144$4,688
10 years$6,606$5,972$5,392$4,863$4,383$3,947
11 years$5,945$5,316$4,747$4,233$3,770$3,354
12 years$5,394$4,771$4,213$3,713$3,267$2,870
13 years$4,928$4,312$3,764$3,278$2,849$2,471
14 years$4,529$3,919$3,382$2,909$2,497$2,138
15 years$4,183$3,581$3,053$2,595$2,199$1,858
16 years$3,881$3,285$2,768$2,323$1,943$1,620
17 years$3,615$3,025$2,519$2,087$1,723$1,417
18 years$3,378$2,796$2,299$1,881$1,532$1,242
19 years$3,167$2,591$2,105$1,700$1,365$1,092
20 years$2,977$2,408$1,932$1,540$1,220$961
21 years$2,806$2,243$1,777$1,397$1,091$848
22 years$2,650$2,093$1,638$1,270$978$749
23 years$2,508$1,958$1,512$1,157$878$662
24 years$2,378$1,834$1,399$1,055$789$586
25 years$2,258$1,722$1,295$964$710$520
26 years$2,148$1,618$1,201$881$640$461
27 years$2,047$1,523$1,116$807$577$409
28 years$1,952$1,435$1,037$739$520$363
29 years$1,865$1,354$965$678$470$323
30 years$1,783$1,278$899$622$425$287
31 years$1,707$1,208$838$571$384$255
32 years$1,636$1,143$782$525$347$227
33 years$1,569$1,083$730$483$314$202
34 years$1,506$1,026$682$444$285$180
35 years$1,447$973$638$409$258$160
36 years$1,391$924$597$377$234$143
37 years$1,339$878$558$347$212$127
38 years$1,289$834$523$320$192$114
39 years$1,242$793$490$295$174$101
40 years$1,198$754$459$272$158$90
41 years$1,155$718$431$251$143$81
42 years$1,115$684$404$232$130$72
43 years$1,077$652$379$214$118$64
44 years$1,041$621$356$197$107$57
45 years$1,006$592$334$182$97$51
46 years$973$565$314$168$88$46
47 years$942$539$295$156$80$41
48 years$912$515$277$144$73$36
49 years$883$492$260$133$66$32
50 years$855$470$245$123$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $876,000, adding $5,709 every year, while hoping to spend $44,273 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: 43/40/17 Blend
29$876,000$876,000$876,000$876,000
30$971,241$924,813$911,235$1,007,976
31$1,023,201$923,023$894,655$1,032,598
32$1,078,978$919,661$876,036$1,054,449
33$1,138,913$914,603$855,263$1,077,184
34$1,203,383$907,720$832,215$1,100,905
35$1,272,800$898,870$806,766$1,125,728
36$1,347,618$887,907$778,785$1,151,781
37$1,428,334$874,674$748,134$1,179,211
38$1,515,497$859,005$714,668$1,208,183
39$1,609,706$840,725$678,238$1,238,882
40$1,711,623$819,648$638,686$1,271,514
41$1,821,974$795,576$595,848$1,306,314
42$1,941,557$768,301$549,550$1,343,540
43$2,071,251$737,602$499,615$1,383,487
44$2,212,020$703,247$445,854$1,426,480
45$2,364,927$664,987$388,071$1,472,884
46$2,531,140$622,562$326,062$1,523,108
47$2,711,944$575,695$259,613$1,577,607
48$2,908,753$524,095$188,501$1,636,890
49$3,123,123$467,452$112,492$1,701,523
50$3,356,765$405,440$31,344$1,772,139
51$3,611,563$337,715$0$1,849,440
52$3,889,592$263,913$0$1,944,234
53$4,193,133$183,648$0$2,054,088
54$4,524,701$96,514$0$2,174,330
55$4,887,060$2,083$0$2,306,091
56$5,283,256$0$0$2,450,624
57$5,716,642$0$0$2,653,377
58$6,190,909$0$0$2,876,365
59$6,710,125$0$0$3,120,596
60$7,278,763$0$0$3,388,191
61$7,901,756$0$0$3,681,483
62$8,584,532$0$0$4,003,044
63$9,333,069$0$0$4,355,704
64$10,153,955$0$0$4,742,582
65$11,054,441$0$0$5,167,114
66$12,042,518$0$0$5,633,083
67$13,126,984$0$0$6,144,657
68$14,317,535$0$0$6,706,427
69$15,624,847$0$0$7,323,451
70$17,060,683$0$0$8,001,299
71$18,638,001$0$0$8,746,110
72$20,371,075$0$0$9,564,645
73$22,275,630$0$0$10,464,353
74$24,368,990$0$0$11,453,440
75$26,670,243$0$0$12,540,950
76$29,200,416$0$0$13,736,841
77$31,982,675$0$0$15,052,090
78$35,042,544$0$0$16,498,789
79$38,408,146$0$0$18,090,259
80$42,110,465$0$0$19,841,180
81$46,183,637$0$0$21,767,725
82$50,665,277$0$0$23,887,714
83$55,596,827$0$0$26,220,782
84$61,023,953$0$0$28,788,563
85$66,996,966$0$0$31,614,895
86$73,571,308$0$0$34,726,046
87$80,808,062$0$0$38,150,956
88$88,774,539$0$0$41,921,517
89$97,544,904$0$0$46,072,869
90$107,200,880$0$0$50,643,732
91$117,832,517$0$0$55,676,774
92$129,539,041$0$0$61,219,008
93$142,429,791$0$0$67,322,241
94$156,625,246$0$0$74,043,559
95$172,258,168$0$0$81,445,867
96$189,474,848$0$0$89,598,480
97$208,436,489$0$0$98,577,782
98$229,320,727$0$0$108,467,941
99$252,323,304$0$0$119,361,706
100$277,659,917$0$0$131,361,281