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%19.3%
1 years$72,587$71,940$71,310$70,694$70,093$67,472
2 years$35,934$35,265$34,616$33,987$33,377$30,767
3 years$23,718$23,046$22,399$21,776$21,176$18,658
4 years$17,611$16,941$16,301$15,688$15,103$12,697
5 years$13,948$13,282$12,650$12,050$11,481$9,193
6 years$11,507$10,846$10,223$9,637$9,085$6,916
7 years$9,764$9,108$8,495$7,923$7,388$5,338
8 years$8,457$7,808$7,205$6,646$6,129$4,196
9 years$7,441$6,798$6,206$5,661$5,162$3,343
10 years$6,629$5,992$5,410$4,880$4,398$2,691
11 years$5,965$5,334$4,763$4,247$3,782$2,182
12 years$5,412$4,788$4,227$3,725$3,278$1,781
13 years$4,945$4,327$3,777$3,289$2,858$1,461
14 years$4,544$3,933$3,393$2,919$2,506$1,202
15 years$4,197$3,593$3,064$2,604$2,206$993
16 years$3,894$3,296$2,778$2,331$1,950$822
17 years$3,627$3,036$2,528$2,095$1,729$682
18 years$3,390$2,805$2,307$1,888$1,537$567
19 years$3,178$2,600$2,112$1,706$1,370$472
20 years$2,987$2,416$1,939$1,545$1,224$393
21 years$2,815$2,250$1,783$1,402$1,095$328
22 years$2,659$2,101$1,643$1,275$982$274
23 years$2,516$1,965$1,517$1,161$881$229
24 years$2,386$1,841$1,403$1,059$792$191
25 years$2,266$1,727$1,300$967$713$160
26 years$2,156$1,624$1,205$884$642$134
27 years$2,054$1,528$1,119$809$579$112
28 years$1,959$1,440$1,041$742$522$94
29 years$1,871$1,358$968$680$472$78
30 years$1,789$1,283$902$624$426$66
31 years$1,713$1,213$841$573$385$55
32 years$1,641$1,147$785$527$348$46
33 years$1,574$1,087$733$484$315$39
34 years$1,511$1,030$684$446$286$32
35 years$1,452$977$640$410$259$27
36 years$1,396$927$599$378$234$23
37 years$1,343$881$560$348$212$19
38 years$1,294$837$525$321$193$16
39 years$1,246$796$492$296$175$13
40 years$1,202$757$461$273$158$11
41 years$1,159$721$432$252$144$9
42 years$1,119$686$405$232$130$8
43 years$1,081$654$380$214$118$7
44 years$1,044$623$357$198$107$6
45 years$1,010$594$335$183$97$5
46 years$977$567$315$169$89$4
47 years$945$541$296$156$80$3
48 years$915$517$278$144$73$3
49 years$886$493$261$133$66$2
50 years$858$471$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $879,000, adding $3,999 every year, while hoping to spend $27,073 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: 39/45/16 Blend
29$879,000$879,000$879,000$879,000
30$972,783$926,196$912,571$1,005,919
31$1,043,201$942,774$914,337$1,046,514
32$1,119,895$959,257$915,255$1,087,469
33$1,203,476$975,612$915,267$1,131,175
34$1,294,616$991,803$914,314$1,177,896
35$1,394,057$1,007,791$912,334$1,227,920
36$1,502,613$1,023,536$909,259$1,281,568
37$1,621,183$1,038,992$905,023$1,339,194
38$1,750,754$1,054,113$899,551$1,401,187
39$1,892,413$1,068,847$892,769$1,467,979
40$2,047,359$1,083,140$884,597$1,540,046
41$2,216,910$1,096,935$874,951$1,617,913
42$2,402,518$1,110,168$863,745$1,702,160
43$2,605,782$1,122,773$850,887$1,793,429
44$2,828,462$1,134,679$836,282$1,892,426
45$3,072,498$1,145,810$819,830$1,999,933
46$3,340,024$1,156,087$801,426$2,116,812
47$3,633,393$1,165,422$780,960$2,244,016
48$3,955,196$1,173,724$758,319$2,382,595
49$4,308,285$1,180,895$733,382$2,533,711
50$4,695,803$1,186,833$706,024$2,698,644
51$5,121,213$1,191,425$676,113$2,878,808
52$5,588,327$1,194,555$643,513$3,075,764
53$6,101,346$1,196,099$608,081$3,291,236
54$6,664,898$1,195,922$569,667$3,527,125
55$7,284,081$1,193,886$528,114$3,785,529
56$7,964,511$1,189,839$483,259$4,068,765
57$8,712,374$1,183,624$434,931$4,379,389
58$9,534,486$1,175,072$382,951$4,720,221
59$10,438,358$1,164,005$327,135$5,094,374
60$11,432,263$1,150,234$267,286$5,505,282
61$12,525,315$1,133,556$203,201$5,956,734
62$13,727,558$1,113,762$134,669$6,452,912
63$15,050,057$1,090,623$61,468$6,998,428
64$16,505,002$1,063,904$0$7,598,371
65$18,105,827$1,033,350$0$8,261,198
66$19,867,331$998,694$0$9,001,642
67$21,805,822$959,653$0$9,816,074
68$23,939,268$915,928$0$10,712,074
69$26,287,467$867,202$0$11,698,001
70$28,872,234$813,140$0$12,783,073
71$31,717,605$753,388$0$13,977,452
72$34,850,067$687,570$0$15,292,344
73$38,298,804$615,291$0$16,740,105
74$42,095,974$536,132$0$18,334,358
75$46,277,012$449,651$0$20,090,123
76$50,880,965$355,381$0$22,023,961
77$55,950,857$252,829$0$24,154,130
78$61,534,099$141,472$0$26,500,759
79$67,682,934$20,761$0$29,086,041
80$74,454,929$0$0$31,934,442
81$81,913,520$0$0$35,127,350
82$90,128,610$0$0$38,655,592
83$99,177,225$0$0$42,541,990
84$109,144,248$0$0$46,823,021
85$120,123,212$0$0$51,538,883
86$132,217,187$0$0$56,733,870
87$145,539,752$0$0$62,456,794
88$160,216,066$0$0$68,761,441
89$176,384,048$0$0$75,707,086
90$194,195,682$0$0$83,359,043
91$213,818,446$0$0$91,789,290
92$235,436,900$0$0$101,077,142
93$259,254,417$0$0$111,310,004
94$285,495,115$0$0$122,584,192
95$314,405,962$0$0$135,005,845
96$346,259,110$0$0$148,691,925
97$381,354,468$0$0$163,771,323
98$420,022,526$0$0$180,386,074
99$462,627,477$0$0$198,692,697
100$509,570,657$0$0$218,863,674