Can I retire at age 30 with 878,000?

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 $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%16.4%
1 years$72,504$71,859$71,228$70,613$70,013$68,182
2 years$35,893$35,225$34,577$33,949$33,340$31,507
3 years$23,691$23,020$22,374$21,751$21,152$19,376
4 years$17,591$16,922$16,282$15,671$15,086$13,380
5 years$13,932$13,267$12,636$12,037$11,468$9,836
6 years$11,494$10,834$10,212$9,626$9,074$7,519
7 years$9,753$9,098$8,486$7,914$7,380$5,900
8 years$8,447$7,799$7,197$6,639$6,122$4,718
9 years$7,433$6,790$6,198$5,655$5,156$3,826
10 years$6,622$5,985$5,404$4,874$4,393$3,136
11 years$5,958$5,328$4,758$4,242$3,778$2,592
12 years$5,406$4,782$4,222$3,721$3,274$2,156
13 years$4,939$4,322$3,772$3,285$2,855$1,803
14 years$4,539$3,928$3,389$2,916$2,503$1,515
15 years$4,193$3,589$3,060$2,601$2,204$1,277
16 years$3,890$3,293$2,775$2,329$1,948$1,080
17 years$3,623$3,032$2,525$2,092$1,727$915
18 years$3,386$2,802$2,305$1,886$1,535$777
19 years$3,174$2,597$2,110$1,704$1,369$661
20 years$2,984$2,413$1,936$1,543$1,222$563
21 years$2,812$2,248$1,781$1,400$1,094$481
22 years$2,656$2,098$1,642$1,273$981$410
23 years$2,514$1,962$1,516$1,160$880$351
24 years$2,383$1,839$1,402$1,058$791$300
25 years$2,264$1,725$1,298$966$712$257
26 years$2,153$1,622$1,204$883$641$220
27 years$2,051$1,526$1,118$808$578$188
28 years$1,957$1,438$1,039$741$522$161
29 years$1,869$1,357$967$679$471$138
30 years$1,787$1,281$901$623$426$119
31 years$1,711$1,211$840$572$385$102
32 years$1,639$1,146$784$526$348$87
33 years$1,572$1,085$732$484$315$75
34 years$1,509$1,029$684$445$285$64
35 years$1,450$976$639$410$258$55
36 years$1,394$926$598$377$234$47
37 years$1,342$880$560$348$212$41
38 years$1,292$836$524$321$192$35
39 years$1,245$795$491$296$174$30
40 years$1,200$756$460$273$158$26
41 years$1,158$720$432$251$144$22
42 years$1,118$686$405$232$130$19
43 years$1,080$653$380$214$118$16
44 years$1,043$623$357$198$107$14
45 years$1,009$594$335$183$97$12
46 years$975$566$314$169$88$10
47 years$944$541$295$156$80$9
48 years$914$516$278$144$73$8
49 years$885$493$261$133$66$7
50 years$857$471$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $878,000, adding $4,344 every year, while hoping to spend $38,204 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: 62/14/24 Blend
29$878,000$878,000$878,000$878,000
30$972,037$925,503$911,894$1,025,890
31$1,030,536$930,204$901,794$1,067,570
32$1,093,721$933,855$890,074$1,108,470
33$1,162,031$936,363$876,642$1,152,282
34$1,235,946$937,633$861,397$1,199,295
35$1,315,995$937,559$844,236$1,249,830
36$1,402,759$936,032$825,051$1,304,241
37$1,496,878$932,936$803,728$1,362,920
38$1,599,055$928,145$780,148$1,426,300
39$1,710,063$921,528$754,187$1,494,858
40$1,830,752$912,947$725,716$1,569,124
41$1,962,060$902,252$694,598$1,649,682
42$2,105,014$889,287$660,692$1,737,176
43$2,260,750$873,885$623,849$1,832,321
44$2,430,512$855,871$583,913$1,935,904
45$2,615,674$835,059$540,724$2,048,794
46$2,817,745$811,250$494,111$2,171,954
47$3,038,389$784,235$443,898$2,306,444
48$3,279,436$753,793$389,900$2,453,436
49$3,542,900$719,691$331,923$2,614,226
50$3,831,000$681,679$269,766$2,790,242
51$4,146,177$639,497$203,219$2,983,063
52$4,491,122$592,867$132,061$3,194,432
53$4,868,796$541,497$56,064$3,426,270
54$5,282,458$485,076$0$3,680,703
55$5,735,702$423,277$0$3,966,485
56$6,232,480$355,755$0$4,295,530
57$6,777,150$282,143$0$4,656,387
58$7,374,508$202,057$0$5,052,278
59$8,029,839$115,089$0$5,486,751
60$8,748,962$20,808$0$5,963,720
61$9,538,288$0$0$6,487,498
62$10,404,879$0$0$7,075,353
63$11,356,512$0$0$7,724,487
64$12,401,759$0$0$8,437,546
65$13,550,057$0$0$9,220,981
66$14,811,806$0$0$10,081,894
67$16,198,462$0$0$11,028,112
68$17,722,647$0$0$12,068,257
69$19,398,264$0$0$13,211,828
70$21,240,633$0$0$14,469,291
71$23,266,633$0$0$15,852,175
72$25,494,857$0$0$17,373,184
73$27,945,793$0$0$19,046,315
74$30,642,014$0$0$20,886,990
75$33,608,391$0$0$22,912,198
76$36,872,326$0$0$25,140,661
77$40,464,013$0$0$27,593,008
78$44,416,720$0$0$30,291,966
79$48,767,102$0$0$33,262,579
80$53,555,549$0$0$36,532,440
81$58,826,565$0$0$40,131,955
82$64,629,187$0$0$44,094,626
83$71,017,450$0$0$48,457,371
84$78,050,892$0$0$53,260,865
85$85,795,120$0$0$58,549,933
86$94,322,425$0$0$64,373,964
87$103,712,466$0$0$70,787,382
88$114,053,018$0$0$77,850,158
89$125,440,807$0$0$85,628,374
90$137,982,413$0$0$94,194,850
91$151,795,282$0$0$103,629,827
92$167,008,831$0$0$114,021,725
93$183,765,671$0$0$125,467,978
94$202,222,950$0$0$138,075,955
95$222,553,836$0$0$151,963,968
96$244,949,153$0$0$167,262,393
97$269,619,180$0$0$184,114,897
98$296,795,634$0$0$202,679,796
99$326,733,858$0$0$223,131,548
100$359,715,230$0$0$245,662,399