Can I retire at age 30 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$72,422$71,777$71,147$70,533$69,933$69,463
2 years$35,852$35,185$34,538$33,910$33,302$32,828
3 years$23,664$22,994$22,348$21,727$21,128$20,665
4 years$17,571$16,903$16,264$15,653$15,069$14,620
5 years$13,916$13,252$12,621$12,023$11,455$11,021
6 years$11,481$10,821$10,200$9,615$9,064$8,647
7 years$9,742$9,088$8,476$7,905$7,371$6,970
8 years$8,438$7,790$7,188$6,631$6,115$5,731
9 years$7,424$6,782$6,191$5,648$5,150$4,781
10 years$6,614$5,978$5,398$4,869$4,388$4,036
11 years$5,951$5,322$4,752$4,237$3,774$3,437
12 years$5,400$4,777$4,217$3,717$3,270$2,949
13 years$4,933$4,317$3,768$3,281$2,852$2,546
14 years$4,534$3,924$3,386$2,913$2,500$2,209
15 years$4,188$3,585$3,057$2,598$2,201$1,924
16 years$3,885$3,289$2,771$2,326$1,945$1,682
17 years$3,619$3,029$2,522$2,090$1,725$1,476
18 years$3,382$2,799$2,302$1,883$1,534$1,297
19 years$3,171$2,594$2,107$1,702$1,367$1,143
20 years$2,981$2,410$1,934$1,541$1,221$1,010
21 years$2,809$2,245$1,779$1,399$1,093$893
22 years$2,653$2,096$1,640$1,272$979$791
23 years$2,511$1,960$1,514$1,158$879$702
24 years$2,381$1,837$1,400$1,056$790$623
25 years$2,261$1,724$1,297$965$711$554
26 years$2,151$1,620$1,203$882$641$493
27 years$2,049$1,524$1,117$807$577$439
28 years$1,955$1,436$1,038$740$521$391
29 years$1,867$1,355$966$678$471$349
30 years$1,785$1,280$900$623$425$311
31 years$1,709$1,210$839$572$384$278
32 years$1,638$1,145$783$526$348$248
33 years$1,571$1,084$731$483$315$221
34 years$1,508$1,027$683$445$285$198
35 years$1,449$975$638$409$258$177
36 years$1,393$925$597$377$234$158
37 years$1,340$879$559$347$212$141
38 years$1,291$835$524$320$192$126
39 years$1,244$794$490$295$174$113
40 years$1,199$755$460$272$158$101
41 years$1,157$719$431$251$143$91
42 years$1,117$685$404$232$130$81
43 years$1,078$652$379$214$118$73
44 years$1,042$622$356$198$107$65
45 years$1,007$593$334$182$97$58
46 years$974$566$314$169$88$52
47 years$943$540$295$156$80$47
48 years$913$515$277$144$73$42
49 years$884$492$261$133$66$37
50 years$856$470$245$123$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $877,000, adding $6,681 every year, while hoping to spend $51,169 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: 33/42/25 Blend
29$877,000$877,000$877,000$877,000
30$973,345$926,864$913,271$997,860
31$1,018,183$917,837$889,422$1,007,867
32$1,065,880$906,653$863,059$1,013,580
33$1,116,672$893,152$834,044$1,018,717
34$1,170,820$877,164$802,233$1,023,260
35$1,228,610$858,511$767,473$1,027,194
36$1,290,352$837,002$729,608$1,030,509
37$1,356,390$812,437$688,471$1,033,198
38$1,427,097$784,602$643,891$1,035,259
39$1,502,886$753,273$595,687$1,036,696
40$1,584,208$718,210$543,669$1,037,519
41$1,671,557$679,162$487,642$1,037,747
42$1,765,478$635,863$427,400$1,037,406
43$1,866,566$588,029$362,727$1,036,535
44$1,975,476$535,364$293,399$1,035,181
45$2,092,929$477,551$219,183$1,033,408
46$2,219,715$414,258$139,832$1,031,293
47$2,356,702$345,133$55,093$1,028,931
48$2,504,845$269,804$0$1,026,437
49$2,665,193$187,878$0$1,033,374
50$2,838,900$98,941$0$1,056,773
51$3,027,233$2,554$0$1,082,191
52$3,231,587$0$0$1,109,930
53$3,453,495$0$0$1,187,356
54$3,694,646$0$0$1,272,894
55$3,956,894$0$0$1,366,036
56$4,242,281$0$0$1,467,522
57$4,553,054$0$0$1,578,168
58$4,891,684$0$0$1,698,870
59$5,260,893$0$0$1,830,616
60$5,663,674$0$0$1,974,490
61$6,103,324$0$0$2,131,691
62$6,583,469$0$0$2,303,533
63$7,108,103$0$0$2,491,468
64$7,681,623$0$0$2,697,090
65$8,308,870$0$0$2,922,158
66$8,995,174$0$0$3,168,606
67$9,746,403$0$0$3,438,567
68$10,569,019$0$0$3,734,386
69$11,470,139$0$0$4,058,650
70$12,457,600$0$0$4,414,204
71$13,540,034$0$0$4,804,184
72$14,726,947$0$0$5,232,043
73$16,028,809$0$0$5,701,586
74$17,457,151$0$0$6,217,002
75$19,024,676$0$0$6,782,907
76$20,745,376$0$0$7,404,385
77$22,634,664$0$0$8,087,037
78$24,709,516$0$0$8,837,033
79$26,988,636$0$0$9,661,170
80$29,492,627$0$0$10,566,935
81$32,244,186$0$0$11,562,579
82$35,268,318$0$0$12,657,190
83$38,592,572$0$0$13,860,781
84$42,247,296$0$0$15,184,383
85$46,265,928$0$0$16,640,152
86$50,685,307$0$0$18,241,478
87$55,546,020$0$0$20,003,117
88$60,892,787$0$0$21,941,325
89$66,774,878$0$0$24,074,013
90$73,246,579$0$0$26,420,918
91$80,367,705$0$0$29,003,785
92$88,204,160$0$0$31,846,574
93$96,828,560$0$0$34,975,686
94$106,320,918$0$0$38,420,212
95$116,769,395$0$0$42,212,205
96$128,271,135$0$0$46,386,984
97$140,933,177$0$0$50,983,470
98$154,873,467$0$0$56,044,544
99$170,221,967$0$0$61,617,462
100$187,121,883$0$0$67,754,294