Can I retire at age 30 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$72,504$71,859$71,228$70,613$70,013$69,689
2 years$35,893$35,225$34,577$33,949$33,340$33,012
3 years$23,691$23,020$22,374$21,751$21,152$20,832
4 years$17,591$16,922$16,282$15,671$15,086$14,775
5 years$13,932$13,267$12,636$12,037$11,468$11,168
6 years$11,494$10,834$10,212$9,626$9,074$8,785
7 years$9,753$9,098$8,486$7,914$7,380$7,101
8 years$8,447$7,799$7,197$6,639$6,122$5,855
9 years$7,433$6,790$6,198$5,655$5,156$4,899
10 years$6,622$5,985$5,404$4,874$4,393$4,147
11 years$5,958$5,328$4,758$4,242$3,778$3,543
12 years$5,406$4,782$4,222$3,721$3,274$3,050
13 years$4,939$4,322$3,772$3,285$2,855$2,641
14 years$4,539$3,928$3,389$2,916$2,503$2,299
15 years$4,193$3,589$3,060$2,601$2,204$2,009
16 years$3,890$3,293$2,775$2,329$1,948$1,763
17 years$3,623$3,032$2,525$2,092$1,727$1,551
18 years$3,386$2,802$2,305$1,886$1,535$1,369
19 years$3,174$2,597$2,110$1,704$1,369$1,211
20 years$2,984$2,413$1,936$1,543$1,222$1,073
21 years$2,812$2,248$1,781$1,400$1,094$953
22 years$2,656$2,098$1,642$1,273$981$847
23 years$2,514$1,962$1,516$1,160$880$754
24 years$2,383$1,839$1,402$1,058$791$672
25 years$2,264$1,725$1,298$966$712$600
26 years$2,153$1,622$1,204$883$641$536
27 years$2,051$1,526$1,118$808$578$479
28 years$1,957$1,438$1,039$741$522$428
29 years$1,869$1,357$967$679$471$384
30 years$1,787$1,281$901$623$426$344
31 years$1,711$1,211$840$572$385$308
32 years$1,639$1,146$784$526$348$276
33 years$1,572$1,085$732$484$315$248
34 years$1,509$1,029$684$445$285$222
35 years$1,450$976$639$410$258$199
36 years$1,394$926$598$377$234$179
37 years$1,342$880$560$348$212$161
38 years$1,292$836$524$321$192$144
39 years$1,245$795$491$296$174$130
40 years$1,200$756$460$273$158$117
41 years$1,158$720$432$251$144$105
42 years$1,118$686$405$232$130$94
43 years$1,080$653$380$214$118$85
44 years$1,043$623$357$198$107$76
45 years$1,009$594$335$183$97$68
46 years$975$566$314$169$88$62
47 years$944$541$295$156$80$55
48 years$914$516$278$144$73$50
49 years$885$493$261$133$66$45
50 years$857$471$245$123$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $878,000, adding $3,059 every year, while hoping to spend $23,449 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: 38/48/14 Blend
29$878,000$878,000$878,000$878,000
30$970,711$924,177$910,568$1,003,376
31$1,044,774$944,512$916,123$1,047,315
32$1,125,606$965,058$921,077$1,092,279
33$1,213,872$985,800$925,387$1,140,363
34$1,310,304$1,006,722$929,006$1,191,859
35$1,415,710$1,027,806$931,882$1,247,089
36$1,530,978$1,049,034$933,966$1,306,409
37$1,657,086$1,070,384$935,201$1,370,208
38$1,795,109$1,091,834$935,532$1,438,918
39$1,946,235$1,113,359$934,897$1,513,015
40$2,111,768$1,134,931$933,233$1,593,023
41$2,293,147$1,156,521$930,475$1,679,518
42$2,491,955$1,178,097$926,552$1,773,139
43$2,709,935$1,199,625$921,393$1,874,588
44$2,949,010$1,221,067$914,921$1,984,640
45$3,211,294$1,242,385$907,055$2,104,148
46$3,499,117$1,263,533$897,713$2,234,055
47$3,815,047$1,284,466$886,807$2,375,400
48$4,161,911$1,305,134$874,244$2,529,328
49$4,542,824$1,325,484$859,929$2,697,104
50$4,961,216$1,345,457$843,761$2,880,119
51$5,420,868$1,364,992$825,634$3,079,911
52$5,925,942$1,384,022$805,439$3,298,174
53$6,481,027$1,402,478$783,060$3,536,778
54$7,091,176$1,420,283$758,377$3,797,781
55$7,761,956$1,437,357$731,262$4,083,459
56$8,499,501$1,453,614$701,585$4,396,315
57$9,310,570$1,468,960$669,207$4,739,115
58$10,202,607$1,483,298$633,985$5,114,905
59$11,183,816$1,496,523$595,767$5,527,047
60$12,263,235$1,508,523$554,395$5,979,246
61$13,450,824$1,519,179$509,706$6,475,590
62$14,757,553$1,528,364$461,527$7,020,583
63$16,195,514$1,535,944$409,678$7,619,196
64$17,778,026$1,541,775$353,972$8,276,907
65$19,519,768$1,545,705$294,213$8,999,757
66$21,436,911$1,547,572$230,196$9,794,409
67$23,547,276$1,547,203$161,708$10,668,206
68$25,870,498$1,544,415$88,525$11,629,246
69$28,428,213$1,539,015$10,414$12,686,460
70$31,244,260$1,530,797$0$13,849,691
71$34,344,910$1,519,542$0$15,140,690
72$37,759,109$1,505,017$0$16,562,895
73$41,518,754$1,486,978$0$18,127,983
74$45,658,990$1,465,164$0$19,850,540
75$50,218,549$1,439,299$0$21,746,646
76$55,240,107$1,409,090$0$23,834,023
77$60,770,690$1,374,228$0$26,132,210
78$66,862,120$1,334,385$0$28,662,740
79$73,571,499$1,289,213$0$31,449,353
80$80,961,752$1,238,345$0$34,518,211
81$89,102,219$1,181,392$0$37,898,157
82$98,069,309$1,117,943$0$41,620,980
83$107,947,219$1,047,563$0$45,721,719
84$118,828,734$969,792$0$50,238,996
85$130,816,096$884,143$0$55,215,382
86$144,021,974$790,103$0$60,697,799
87$158,570,526$687,127$0$66,737,964
88$174,598,566$574,643$0$73,392,881
89$192,256,862$452,044$0$80,725,380
90$211,711,556$318,688$0$88,804,711
91$233,145,730$173,899$0$97,707,201
92$256,761,137$16,962$0$107,516,975
93$282,780,104$0$0$118,326,756
94$311,447,629$0$0$130,319,485
95$343,033,697$0$0$143,543,243
96$377,835,823$0$0$158,113,657
97$416,181,866$0$0$174,168,016
98$458,433,119$0$0$191,857,613
99$504,987,722$0$0$211,349,170
100$556,284,419$0$0$232,826,411