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%19.1%
1 years$72,422$71,777$71,147$70,533$69,933$67,372
2 years$35,852$35,185$34,538$33,910$33,302$30,749
3 years$23,664$22,994$22,348$21,727$21,128$18,665
4 years$17,571$16,903$16,264$15,653$15,069$12,714
5 years$13,916$13,252$12,621$12,023$11,455$9,215
6 years$11,481$10,821$10,200$9,615$9,064$6,940
7 years$9,742$9,088$8,476$7,905$7,371$5,363
8 years$8,438$7,790$7,188$6,631$6,115$4,221
9 years$7,424$6,782$6,191$5,648$5,150$3,367
10 years$6,614$5,978$5,398$4,869$4,388$2,713
11 years$5,951$5,322$4,752$4,237$3,774$2,204
12 years$5,400$4,777$4,217$3,717$3,270$1,801
13 years$4,933$4,317$3,768$3,281$2,852$1,479
14 years$4,534$3,924$3,386$2,913$2,500$1,219
15 years$4,188$3,585$3,057$2,598$2,201$1,008
16 years$3,885$3,289$2,771$2,326$1,945$836
17 years$3,619$3,029$2,522$2,090$1,725$695
18 years$3,382$2,799$2,302$1,883$1,534$578
19 years$3,171$2,594$2,107$1,702$1,367$482
20 years$2,981$2,410$1,934$1,541$1,221$402
21 years$2,809$2,245$1,779$1,399$1,093$336
22 years$2,653$2,096$1,640$1,272$979$281
23 years$2,511$1,960$1,514$1,158$879$235
24 years$2,381$1,837$1,400$1,056$790$197
25 years$2,261$1,724$1,297$965$711$165
26 years$2,151$1,620$1,203$882$641$138
27 years$2,049$1,524$1,117$807$577$116
28 years$1,955$1,436$1,038$740$521$97
29 years$1,867$1,355$966$678$471$81
30 years$1,785$1,280$900$623$425$68
31 years$1,709$1,210$839$572$384$57
32 years$1,638$1,145$783$526$348$48
33 years$1,571$1,084$731$483$315$40
34 years$1,508$1,027$683$445$285$34
35 years$1,449$975$638$409$258$28
36 years$1,393$925$597$377$234$24
37 years$1,340$879$559$347$212$20
38 years$1,291$835$524$320$192$17
39 years$1,244$794$490$295$174$14
40 years$1,199$755$460$272$158$12
41 years$1,157$719$431$251$143$10
42 years$1,117$685$404$232$130$8
43 years$1,078$652$379$214$118$7
44 years$1,042$622$356$198$107$6
45 years$1,007$593$334$182$97$5
46 years$974$566$314$169$88$4
47 years$943$540$295$156$80$3
48 years$913$515$277$144$73$3
49 years$884$492$261$133$66$2
50 years$856$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 $877,000, adding $4,247 every year, while hoping to spend $33,374 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: 62/12/26 Blend
29$877,000$877,000$877,000$877,000
30$970,835$924,354$910,760$1,024,060
31$1,034,350$934,137$905,761$1,070,449
32$1,103,226$943,282$899,476$1,117,057
33$1,177,973$951,721$891,826$1,167,224
34$1,259,154$959,383$882,730$1,221,303
35$1,347,388$966,193$872,102$1,279,685
36$1,443,355$972,070$859,851$1,342,800
37$1,547,805$976,929$845,884$1,411,125
38$1,661,562$980,679$830,102$1,485,184
39$1,785,532$983,223$812,401$1,565,557
40$1,920,713$984,458$792,673$1,652,884
41$2,068,204$984,275$770,806$1,747,872
42$2,229,214$982,558$746,681$1,851,301
43$2,405,074$979,183$720,175$1,964,030
44$2,597,248$974,020$691,158$2,087,011
45$2,807,350$966,930$659,494$2,221,290
46$3,037,156$957,766$625,044$2,368,027
47$3,288,621$946,371$587,658$2,528,496
48$3,563,899$932,581$547,182$2,704,107
49$3,865,359$916,220$503,455$2,896,415
50$4,195,613$897,103$456,309$3,107,135
51$4,557,537$875,032$405,567$3,338,160
52$4,954,298$849,801$351,045$3,591,578
53$5,389,382$821,187$292,551$3,869,692
54$5,866,633$788,959$229,885$4,175,045
55$6,390,280$752,868$162,836$4,510,439
56$6,964,984$712,654$91,187$4,878,969
57$7,595,880$668,042$14,709$5,284,044
58$8,288,621$618,737$0$5,729,430
59$9,049,438$564,433$0$6,237,836
60$9,885,193$504,802$0$6,800,842
61$10,803,445$439,500$0$7,419,484
62$11,812,523$368,162$0$8,099,404
63$12,921,601$290,403$0$8,846,824
64$14,140,787$205,815$0$9,668,597
65$15,481,217$113,971$0$10,572,277
66$16,955,161$14,415$0$11,566,190
67$18,576,135$0$0$12,659,509
68$20,359,032$0$0$13,874,670
69$22,320,261$0$0$15,213,544
70$24,477,900$0$0$16,686,578
71$26,851,870$0$0$18,307,381
72$29,464,116$0$0$20,090,947
73$32,338,822$0$0$22,053,798
74$35,502,634$0$0$24,214,137
75$38,984,910$0$0$26,592,022
76$42,817,999$0$0$29,209,555
77$47,037,548$0$0$32,091,089
78$51,682,831$0$0$35,263,457
79$56,797,129$0$0$38,756,228
80$62,428,129$0$0$42,601,982
81$68,628,377$0$0$46,836,620
82$75,455,778$0$0$51,499,703
83$82,974,133$0$0$56,634,821
84$91,253,749$0$0$62,290,009
85$100,372,099$0$0$68,518,196
86$110,414,549$0$0$75,377,709
87$121,475,171$0$0$82,932,818
88$133,657,625$0$0$91,254,345
89$147,076,136$0$0$100,420,333
90$161,856,576$0$0$110,516,780
91$178,137,650$0$0$121,638,452
92$196,072,201$0$0$133,889,777
93$215,828,659$0$0$147,385,830
94$237,592,625$0$0$162,253,418
95$261,568,622$0$0$178,632,278
96$287,982,029$0$0$196,676,396
97$317,081,207$0$0$216,555,458
98$349,139,838$0$0$238,456,454
99$384,459,515$0$0$262,585,439
100$423,372,582$0$0$289,169,484