Can I retire at age 30 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,670$72,022$71,391$70,774$70,172$69,789
2 years$35,975$35,305$34,656$34,026$33,415$33,028
3 years$23,745$23,072$22,425$21,801$21,200$20,821
4 years$17,631$16,961$16,319$15,706$15,120$14,753
5 years$13,964$13,297$12,664$12,064$11,494$11,139
6 years$11,520$10,858$10,235$9,648$9,095$8,753
7 years$9,775$9,119$8,505$7,932$7,397$7,068
8 years$8,467$7,816$7,213$6,654$6,136$5,821
9 years$7,450$6,806$6,213$5,668$5,168$4,865
10 years$6,637$5,999$5,416$4,886$4,403$4,114
11 years$5,972$5,340$4,768$4,252$3,787$3,510
12 years$5,418$4,793$4,232$3,729$3,281$3,017
13 years$4,950$4,332$3,781$3,293$2,862$2,610
14 years$4,549$3,937$3,397$2,923$2,508$2,268
15 years$4,202$3,597$3,067$2,607$2,209$1,980
16 years$3,899$3,300$2,781$2,334$1,952$1,735
17 years$3,631$3,039$2,530$2,097$1,731$1,525
18 years$3,394$2,808$2,310$1,890$1,539$1,344
19 years$3,182$2,603$2,115$1,708$1,372$1,187
20 years$2,991$2,419$1,941$1,547$1,225$1,050
21 years$2,818$2,253$1,785$1,404$1,096$931
22 years$2,662$2,103$1,645$1,276$983$827
23 years$2,519$1,967$1,519$1,162$882$735
24 years$2,389$1,843$1,405$1,060$793$654
25 years$2,269$1,729$1,301$968$714$583
26 years$2,158$1,625$1,207$885$643$520
27 years$2,056$1,530$1,121$810$579$464
28 years$1,961$1,441$1,042$742$523$414
29 years$1,873$1,360$969$681$472$370
30 years$1,791$1,284$903$625$427$331
31 years$1,715$1,214$842$574$386$296
32 years$1,643$1,149$785$527$349$265
33 years$1,576$1,088$733$485$316$237
34 years$1,513$1,031$685$446$286$213
35 years$1,454$978$641$411$259$191
36 years$1,398$928$599$378$235$171
37 years$1,345$882$561$349$213$153
38 years$1,295$838$525$321$193$137
39 years$1,248$797$492$296$175$123
40 years$1,203$758$461$273$159$110
41 years$1,161$721$433$252$144$99
42 years$1,120$687$406$233$131$89
43 years$1,082$655$381$215$118$80
44 years$1,046$624$357$198$108$72
45 years$1,011$595$336$183$98$64
46 years$978$568$315$169$89$58
47 years$946$542$296$156$80$52
48 years$916$517$278$144$73$47
49 years$887$494$262$133$66$42
50 years$859$472$246$123$60$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $880,000, adding $6,371 every year, while hoping to spend $45,056 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: 59/14/27 Blend
29$880,000$880,000$880,000$880,000
30$976,332$929,692$916,052$1,026,445
31$1,027,978$927,307$898,800$1,059,008
32$1,083,383$923,296$879,461$1,089,161
33$1,142,881$917,531$857,916$1,121,105
34$1,206,841$909,876$834,042$1,155,027
35$1,275,668$900,189$807,711$1,191,132
36$1,349,805$888,318$778,789$1,229,651
37$1,429,741$874,101$747,135$1,270,837
38$1,516,012$857,369$712,601$1,314,974
39$1,609,206$837,941$675,034$1,362,373
40$1,709,971$815,626$634,273$1,413,384
41$1,819,017$790,221$590,150$1,468,393
42$1,937,127$761,512$542,491$1,527,827
43$2,065,160$729,272$491,110$1,592,160
44$2,204,061$693,261$435,817$1,661,920
45$2,354,871$653,226$376,412$1,737,689
46$2,518,732$608,898$312,686$1,820,113
47$2,696,902$559,994$244,421$1,909,907
48$2,890,765$506,212$171,388$2,007,864
49$3,101,843$447,237$93,350$2,114,861
50$3,331,813$382,733$10,058$2,231,868
51$3,582,517$312,347$0$2,359,961
52$3,855,985$235,703$0$2,523,038
53$4,154,451$152,408$0$2,704,274
54$4,480,372$62,043$0$2,902,304
55$4,836,456$0$0$3,118,823
56$5,225,681$0$0$3,361,220
57$5,651,329$0$0$3,636,820
58$6,117,010$0$0$3,938,414
59$6,626,702$0$0$4,268,585
60$7,184,784$0$0$4,630,179
61$7,796,078$0$0$5,026,332
62$8,465,896$0$0$5,460,495
63$9,200,085$0$0$5,936,468
64$10,005,087$0$0$6,458,440
65$10,887,998$0$0$7,031,020
66$11,856,631$0$0$7,659,290
67$12,919,593$0$0$8,348,842
68$14,086,365$0$0$9,105,841
69$15,367,390$0$0$9,937,074
70$16,774,173$0$0$10,850,019
71$18,319,386$0$0$11,852,915
72$20,016,990$0$0$12,954,836
73$21,882,363$0$0$14,165,781
74$23,932,450$0$0$15,496,763
75$26,185,914$0$0$16,959,916
76$28,663,322$0$0$18,568,609
77$31,387,327$0$0$20,337,570
78$34,382,893$0$0$22,283,027
79$37,677,519$0$0$24,422,857
80$41,301,505$0$0$26,776,760
81$45,288,235$0$0$29,366,437
82$49,674,492$0$0$32,215,803
83$54,500,804$0$0$35,351,206
84$59,811,824$0$0$38,801,674
85$65,656,754$0$0$42,599,198
86$72,089,806$0$0$46,779,020
87$79,170,717$0$0$51,379,978
88$86,965,304$0$0$56,444,863
89$95,546,093$0$0$62,020,825
90$104,992,997$0$0$68,159,822
91$115,394,074$0$0$74,919,102
92$126,846,352$0$0$82,361,748
93$139,456,749$0$0$90,557,272
94$153,343,075$0$0$99,582,270
95$168,635,152$0$0$109,521,145
96$185,476,030$0$0$120,466,902
97$204,023,340$0$0$132,522,026
98$224,450,782$0$0$145,799,449
99$246,949,760$0$0$160,423,615
100$271,731,191$0$0$176,531,654