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%19.4%
1 years$72,504$71,859$71,228$70,613$70,013$67,368
2 years$35,893$35,225$34,577$33,949$33,340$30,706
3 years$23,691$23,020$22,374$21,751$21,152$18,612
4 years$17,591$16,922$16,282$15,671$15,086$12,659
5 years$13,932$13,267$12,636$12,037$11,468$9,160
6 years$11,494$10,834$10,212$9,626$9,074$6,888
7 years$9,753$9,098$8,486$7,914$7,380$5,314
8 years$8,447$7,799$7,197$6,639$6,122$4,174
9 years$7,433$6,790$6,198$5,655$5,156$3,324
10 years$6,622$5,985$5,404$4,874$4,393$2,673
11 years$5,958$5,328$4,758$4,242$3,778$2,167
12 years$5,406$4,782$4,222$3,721$3,274$1,767
13 years$4,939$4,322$3,772$3,285$2,855$1,448
14 years$4,539$3,928$3,389$2,916$2,503$1,191
15 years$4,193$3,589$3,060$2,601$2,204$983
16 years$3,890$3,293$2,775$2,329$1,948$814
17 years$3,623$3,032$2,525$2,092$1,727$675
18 years$3,386$2,802$2,305$1,886$1,535$560
19 years$3,174$2,597$2,110$1,704$1,369$466
20 years$2,984$2,413$1,936$1,543$1,222$388
21 years$2,812$2,248$1,781$1,400$1,094$323
22 years$2,656$2,098$1,642$1,273$981$270
23 years$2,514$1,962$1,516$1,160$880$225
24 years$2,383$1,839$1,402$1,058$791$188
25 years$2,264$1,725$1,298$966$712$157
26 years$2,153$1,622$1,204$883$641$131
27 years$2,051$1,526$1,118$808$578$110
28 years$1,957$1,438$1,039$741$522$92
29 years$1,869$1,357$967$679$471$77
30 years$1,787$1,281$901$623$426$64
31 years$1,711$1,211$840$572$385$54
32 years$1,639$1,146$784$526$348$45
33 years$1,572$1,085$732$484$315$38
34 years$1,509$1,029$684$445$285$32
35 years$1,450$976$639$410$258$26
36 years$1,394$926$598$377$234$22
37 years$1,342$880$560$348$212$19
38 years$1,292$836$524$321$192$16
39 years$1,245$795$491$296$174$13
40 years$1,200$756$460$273$158$11
41 years$1,158$720$432$251$144$9
42 years$1,118$686$405$232$130$8
43 years$1,080$653$380$214$118$6
44 years$1,043$623$357$198$107$5
45 years$1,009$594$335$183$97$4
46 years$975$566$314$169$88$4
47 years$944$541$295$156$80$3
48 years$914$516$278$144$73$3
49 years$885$493$261$133$66$2
50 years$857$471$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 $878,000, adding $2,514 every year, while hoping to spend $40,735 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: 76/17/7 Blend
29$878,000$878,000$878,000$878,000
30$970,149$923,615$910,006$1,042,833
31$1,025,763$925,531$897,150$1,092,873
32$1,085,683$926,175$882,497$1,142,234
33$1,150,308$925,442$865,946$1,195,154
34$1,220,071$923,221$847,387$1,251,972
35$1,295,452$919,392$826,708$1,313,058
36$1,376,977$913,831$803,791$1,378,823
37$1,465,222$906,402$778,512$1,449,717
38$1,560,824$896,965$750,741$1,526,239
39$1,664,481$885,370$720,344$1,608,937
40$1,776,962$871,456$687,179$1,698,415
41$1,899,111$855,056$651,098$1,795,341
42$2,031,857$835,990$611,947$1,900,451
43$2,176,222$814,070$569,563$2,014,554
44$2,333,333$789,095$523,779$2,138,546
45$2,504,425$760,854$474,418$2,273,412
46$2,690,861$729,120$421,296$2,420,240
47$2,894,140$693,658$364,220$2,580,228
48$3,115,911$654,216$302,990$2,754,700
49$3,357,989$610,527$237,396$2,945,113
50$3,622,373$562,313$167,218$3,153,075
51$3,911,263$509,274$92,228$3,380,360
52$4,227,082$451,098$12,187$3,628,923
53$4,572,495$387,453$0$3,900,921
54$4,950,439$317,988$0$4,204,201
55$5,364,148$242,333$0$4,537,242
56$5,817,180$160,097$0$4,902,047
57$6,313,458$70,867$0$5,301,824
58$6,857,298$0$0$5,740,112
59$7,453,456$0$0$6,225,636
60$8,107,168$0$0$6,772,605
61$8,824,203$0$0$7,372,590
62$9,610,914$0$0$8,030,914
63$10,474,298$0$0$8,753,435
64$11,422,064$0$0$9,546,610
65$12,462,703$0$0$10,417,549
66$13,605,569$0$0$11,374,085
67$14,860,964$0$0$12,424,847
68$16,240,240$0$0$13,579,340
69$17,755,901$0$0$14,848,038
70$19,421,722$0$0$16,242,476
71$21,252,882$0$0$17,775,365
72$23,266,099$0$0$19,460,707
73$25,479,795$0$0$21,313,931
74$27,914,265$0$0$23,352,032
75$30,591,871$0$0$25,593,739
76$33,537,248$0$0$28,059,683
77$36,777,542$0$0$30,772,598
78$40,342,659$0$0$33,757,532
79$44,265,554$0$0$37,042,081
80$48,582,534$0$0$40,656,656
81$53,333,606$0$0$44,634,759
82$58,562,850$0$0$49,013,310
83$64,318,837$0$0$53,832,985
84$70,655,086$0$0$59,138,608
85$77,630,568$0$0$64,979,566
86$85,310,262$0$0$71,410,279
87$93,765,768$0$0$78,490,713
88$103,075,983$0$0$86,286,944
89$113,327,841$0$0$94,871,782
90$124,617,140$0$0$104,325,455
91$137,049,438$0$0$114,736,370
92$150,741,052$0$0$126,201,945
93$165,820,157$0$0$138,829,526
94$182,427,992$0$0$152,737,402
95$200,720,192$0$0$168,055,920
96$220,868,260$0$0$184,928,716
97$243,061,182$0$0$203,514,066
98$267,507,208$0$0$223,986,384
99$294,435,823$0$0$246,537,866
100$324,099,908$0$0$271,380,303