Can I retire at age 30 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$72,587$71,940$71,310$70,694$70,093$68,734
2 years$35,934$35,265$34,616$33,987$33,377$32,014
3 years$23,718$23,046$22,399$21,776$21,176$19,850
4 years$17,611$16,941$16,301$15,688$15,103$13,825
5 years$13,948$13,282$12,650$12,050$11,481$10,255
6 years$11,507$10,846$10,223$9,637$9,085$7,912
7 years$9,764$9,108$8,495$7,923$7,388$6,269
8 years$8,457$7,808$7,205$6,646$6,129$5,063
9 years$7,441$6,798$6,206$5,661$5,162$4,147
10 years$6,629$5,992$5,410$4,880$4,398$3,435
11 years$5,965$5,334$4,763$4,247$3,782$2,870
12 years$5,412$4,788$4,227$3,725$3,278$2,414
13 years$4,945$4,327$3,777$3,289$2,858$2,042
14 years$4,544$3,933$3,393$2,919$2,506$1,736
15 years$4,197$3,593$3,064$2,604$2,206$1,481
16 years$3,894$3,296$2,778$2,331$1,950$1,267
17 years$3,627$3,036$2,528$2,095$1,729$1,087
18 years$3,390$2,805$2,307$1,888$1,537$935
19 years$3,178$2,600$2,112$1,706$1,370$806
20 years$2,987$2,416$1,939$1,545$1,224$695
21 years$2,815$2,250$1,783$1,402$1,095$601
22 years$2,659$2,101$1,643$1,275$982$520
23 years$2,516$1,965$1,517$1,161$881$450
24 years$2,386$1,841$1,403$1,059$792$390
25 years$2,266$1,727$1,300$967$713$339
26 years$2,156$1,624$1,205$884$642$294
27 years$2,054$1,528$1,119$809$579$255
28 years$1,959$1,440$1,041$742$522$222
29 years$1,871$1,358$968$680$472$193
30 years$1,789$1,283$902$624$426$168
31 years$1,713$1,213$841$573$385$146
32 years$1,641$1,147$785$527$348$127
33 years$1,574$1,087$733$484$315$111
34 years$1,511$1,030$684$446$286$96
35 years$1,452$977$640$410$259$84
36 years$1,396$927$599$378$234$73
37 years$1,343$881$560$348$212$64
38 years$1,294$837$525$321$193$55
39 years$1,246$796$492$296$175$48
40 years$1,202$757$461$273$158$42
41 years$1,159$721$432$252$144$37
42 years$1,119$686$405$232$130$32
43 years$1,081$654$380$214$118$28
44 years$1,044$623$357$198$107$24
45 years$1,010$594$335$183$97$21
46 years$977$567$315$169$89$18
47 years$945$541$296$156$80$16
48 years$915$517$278$144$73$14
49 years$886$493$261$133$66$12
50 years$858$471$246$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $879,000, adding $2,376 every year, while hoping to spend $47,607 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: 79/11/10 Blend
29$879,000$879,000$879,000$879,000
30$971,109$924,522$910,897$1,046,031
31$1,019,508$919,170$890,759$1,090,211
32$1,071,249$911,960$868,350$1,132,250
33$1,126,622$902,751$843,545$1,176,977
34$1,185,945$891,394$816,211$1,224,639
35$1,249,567$877,728$786,211$1,275,506
36$1,317,873$861,587$753,399$1,329,879
37$1,391,283$842,791$717,624$1,388,089
38$1,470,258$821,153$678,729$1,450,498
39$1,555,307$796,471$636,549$1,517,510
40$1,646,986$768,536$590,911$1,589,566
41$1,745,906$737,122$541,634$1,667,155
42$1,852,741$701,993$488,531$1,750,816
43$1,968,228$662,899$431,405$1,841,142
44$2,093,181$619,574$370,050$1,938,790
45$2,228,490$571,738$304,252$2,044,481
46$2,375,138$519,096$233,786$2,159,013
47$2,534,204$461,332$158,419$2,283,264
48$2,706,873$398,118$77,907$2,418,205
49$2,894,451$329,103$0$2,564,906
50$3,098,374$253,918$0$2,725,401
51$3,320,220$172,172$0$2,909,063
52$3,561,728$83,454$0$3,109,036
53$3,824,809$0$0$3,326,934
54$4,111,568$0$0$3,566,071
55$4,424,320$0$0$3,837,925
56$4,765,614$0$0$4,134,614
57$5,138,256$0$0$4,458,580
58$5,545,333$0$0$4,812,510
59$5,990,245$0$0$5,199,365
60$6,476,737$0$0$5,622,403
61$7,008,928$0$0$6,085,210
62$7,591,357$0$0$6,591,738
63$8,229,021$0$0$7,146,335
64$8,927,422$0$0$7,753,792
65$9,692,619$0$0$8,419,383
66$10,531,287$0$0$9,148,917
67$11,450,774$0$0$9,948,793
68$12,459,176$0$0$10,826,057
69$13,565,408$0$0$11,788,469
70$14,779,290$0$0$12,844,580
71$16,111,640$0$0$14,003,806
72$17,574,374$0$0$15,276,518
73$19,180,615$0$0$16,674,143
74$20,944,823$0$0$18,209,268
75$22,882,926$0$0$19,895,758
76$25,012,470$0$0$21,748,888
77$27,352,785$0$0$23,785,485
78$29,925,166$0$0$26,024,089
79$32,753,077$0$0$28,485,124
80$35,862,364$0$0$31,191,092
81$39,281,505$0$0$34,166,784
82$43,041,875$0$0$37,439,514
83$47,178,044$0$0$41,039,375
84$51,728,097$0$0$44,999,525
85$56,734,000$0$0$49,356,495
86$62,241,988$0$0$54,150,537
87$68,303,006$0$0$59,426,001
88$74,973,187$0$0$65,231,755
89$82,314,379$0$0$71,621,640
90$90,394,731$0$0$78,654,986
91$99,289,335$0$0$86,397,162
92$109,080,930$0$0$94,920,201
93$119,860,686$0$0$104,303,472
94$131,729,062$0$0$114,634,431
95$144,796,755$0$0$126,009,445
96$159,185,739$0$0$138,534,704
97$175,030,420$0$0$152,327,216
98$192,478,902$0$0$167,515,917
99$211,694,384$0$0$184,242,881
100$232,856,698$0$0$202,664,667