Can I retire at age 30 with 879,000?

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 $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%15.6%
1 years$72,587$71,940$71,310$70,694$70,093$68,482
2 years$35,934$35,265$34,616$33,987$33,377$31,763
3 years$23,718$23,046$22,399$21,776$21,176$19,609
4 years$17,611$16,941$16,301$15,688$15,103$13,595
5 years$13,948$13,282$12,650$12,050$11,481$10,037
6 years$11,507$10,846$10,223$9,637$9,085$7,706
7 years$9,764$9,108$8,495$7,923$7,388$6,074
8 years$8,457$7,808$7,205$6,646$6,129$4,880
9 years$7,441$6,798$6,206$5,661$5,162$3,977
10 years$6,629$5,992$5,410$4,880$4,398$3,275
11 years$5,965$5,334$4,763$4,247$3,782$2,721
12 years$5,412$4,788$4,227$3,725$3,278$2,275
13 years$4,945$4,327$3,777$3,289$2,858$1,913
14 years$4,544$3,933$3,393$2,919$2,506$1,616
15 years$4,197$3,593$3,064$2,604$2,206$1,370
16 years$3,894$3,296$2,778$2,331$1,950$1,165
17 years$3,627$3,036$2,528$2,095$1,729$993
18 years$3,390$2,805$2,307$1,888$1,537$848
19 years$3,178$2,600$2,112$1,706$1,370$726
20 years$2,987$2,416$1,939$1,545$1,224$622
21 years$2,815$2,250$1,783$1,402$1,095$534
22 years$2,659$2,101$1,643$1,275$982$459
23 years$2,516$1,965$1,517$1,161$881$395
24 years$2,386$1,841$1,403$1,059$792$340
25 years$2,266$1,727$1,300$967$713$293
26 years$2,156$1,624$1,205$884$642$252
27 years$2,054$1,528$1,119$809$579$218
28 years$1,959$1,440$1,041$742$522$188
29 years$1,871$1,358$968$680$472$162
30 years$1,789$1,283$902$624$426$140
31 years$1,713$1,213$841$573$385$121
32 years$1,641$1,147$785$527$348$104
33 years$1,574$1,087$733$484$315$90
34 years$1,511$1,030$684$446$286$78
35 years$1,452$977$640$410$259$67
36 years$1,396$927$599$378$234$58
37 years$1,343$881$560$348$212$50
38 years$1,294$837$525$321$193$43
39 years$1,246$796$492$296$175$38
40 years$1,202$757$461$273$158$32
41 years$1,159$721$432$252$144$28
42 years$1,119$686$405$232$130$24
43 years$1,081$654$380$214$118$21
44 years$1,044$623$357$198$107$18
45 years$1,010$594$335$183$97$16
46 years$977$567$315$169$89$14
47 years$945$541$296$156$80$12
48 years$915$517$278$144$73$10
49 years$886$493$261$133$66$9
50 years$858$471$246$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $879,000, adding $3,024 every year, while hoping to spend $45,199 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: 44/39/17 Blend
29$879,000$879,000$879,000$879,000
30$971,777$925,190$911,566$1,009,640
31$1,022,807$922,433$894,012$1,033,740
32$1,077,527$918,026$874,355$1,055,122
33$1,136,266$911,841$852,477$1,077,337
34$1,199,385$903,740$828,254$1,100,485
35$1,267,279$893,580$801,558$1,124,674
36$1,340,383$881,207$772,251$1,150,030
37$1,419,175$866,459$740,195$1,176,692
38$1,504,178$849,164$705,239$1,204,818
39$1,595,971$829,139$667,231$1,234,587
40$1,695,184$806,191$626,007$1,266,198
41$1,802,514$780,116$581,400$1,299,875
42$1,918,727$750,698$533,233$1,335,871
43$2,044,662$717,707$481,322$1,374,465
44$2,181,245$680,902$425,474$1,415,975
45$2,329,493$640,027$365,487$1,460,753
46$2,490,523$594,810$301,153$1,509,195
47$2,665,565$544,965$232,251$1,561,740
48$2,855,974$490,189$158,552$1,618,881
49$3,063,238$430,163$79,819$1,681,168
50$3,288,996$364,549$0$1,749,212
51$3,535,050$292,988$0$1,824,460
52$3,803,385$215,104$0$1,922,408
53$4,096,184$130,498$0$2,029,459
54$4,415,852$38,750$0$2,146,607
55$4,765,034$0$0$2,274,951
56$5,146,644$0$0$2,441,714
57$5,563,889$0$0$2,642,333
58$6,020,300$0$0$2,861,890
59$6,519,765$0$0$3,102,268
60$7,066,565$0$0$3,365,541
61$7,665,415$0$0$3,653,993
62$8,321,507$0$0$3,970,140
63$9,040,558$0$0$4,316,753
64$9,828,866$0$0$4,696,882
65$10,693,365$0$0$5,113,889
66$11,641,694$0$0$5,571,475
67$12,682,268$0$0$6,073,718
68$13,824,354$0$0$6,625,109
69$15,078,160$0$0$7,230,596
70$16,454,931$0$0$7,895,629
71$17,967,055$0$0$8,626,212
72$19,628,179$0$0$9,428,960
73$21,453,334$0$0$10,311,158
74$23,459,081$0$0$11,280,834
75$25,663,667$0$0$12,346,832
76$28,087,191$0$0$13,518,896
77$30,751,798$0$0$14,807,760
78$33,681,885$0$0$16,225,251
79$36,904,334$0$0$17,784,400
80$40,448,760$0$0$19,499,563
81$44,347,793$0$0$21,386,560
82$48,637,386$0$0$23,462,818
83$53,357,149$0$0$25,747,542
84$58,550,729$0$0$28,261,890
85$64,266,215$0$0$31,029,177
86$70,556,595$0$0$34,075,091
87$77,480,253$0$0$37,427,939
88$85,101,522$0$0$41,118,908
89$93,491,286$0$0$45,182,365
90$102,727,652$0$0$49,656,179
91$112,896,685$0$0$54,582,076
92$124,093,221$0$0$60,006,035
93$136,421,757$0$0$65,978,721
94$149,997,441$0$0$72,555,961
95$164,947,155$0$0$79,799,272
96$181,410,715$0$0$87,776,443
97$199,542,185$0$0$96,562,172
98$219,511,333$0$0$106,238,770
99$241,505,234$0$0$116,896,939
100$265,730,030$0$0$128,636,628