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%16.2%
1 years$72,670$72,022$71,391$70,774$70,172$68,393
2 years$35,975$35,305$34,656$34,026$33,415$31,634
3 years$23,745$23,072$22,425$21,801$21,200$19,473
4 years$17,631$16,961$16,319$15,706$15,120$13,460
5 years$13,964$13,297$12,664$12,064$11,494$9,906
6 years$11,520$10,858$10,235$9,648$9,095$7,580
7 years$9,775$9,119$8,505$7,932$7,397$5,955
8 years$8,467$7,816$7,213$6,654$6,136$4,768
9 years$7,450$6,806$6,213$5,668$5,168$3,871
10 years$6,637$5,999$5,416$4,886$4,403$3,176
11 years$5,972$5,340$4,768$4,252$3,787$2,629
12 years$5,418$4,793$4,232$3,729$3,281$2,190
13 years$4,950$4,332$3,781$3,293$2,862$1,834
14 years$4,549$3,937$3,397$2,923$2,508$1,543
15 years$4,202$3,597$3,067$2,607$2,209$1,302
16 years$3,899$3,300$2,781$2,334$1,952$1,103
17 years$3,631$3,039$2,530$2,097$1,731$936
18 years$3,394$2,808$2,310$1,890$1,539$796
19 years$3,182$2,603$2,115$1,708$1,372$678
20 years$2,991$2,419$1,941$1,547$1,225$579
21 years$2,818$2,253$1,785$1,404$1,096$494
22 years$2,662$2,103$1,645$1,276$983$423
23 years$2,519$1,967$1,519$1,162$882$362
24 years$2,389$1,843$1,405$1,060$793$310
25 years$2,269$1,729$1,301$968$714$266
26 years$2,158$1,625$1,207$885$643$228
27 years$2,056$1,530$1,121$810$579$196
28 years$1,961$1,441$1,042$742$523$168
29 years$1,873$1,360$969$681$472$144
30 years$1,791$1,284$903$625$427$124
31 years$1,715$1,214$842$574$386$106
32 years$1,643$1,149$785$527$349$92
33 years$1,576$1,088$733$485$316$79
34 years$1,513$1,031$685$446$286$68
35 years$1,454$978$641$411$259$58
36 years$1,398$928$599$378$235$50
37 years$1,345$882$561$349$213$43
38 years$1,295$838$525$321$193$37
39 years$1,248$797$492$296$175$32
40 years$1,203$758$461$273$159$27
41 years$1,161$721$433$252$144$24
42 years$1,120$687$406$233$131$20
43 years$1,082$655$381$215$118$17
44 years$1,046$624$357$198$108$15
45 years$1,011$595$336$183$98$13
46 years$978$568$315$169$89$11
47 years$946$542$296$156$80$10
48 years$916$517$278$144$73$8
49 years$887$494$262$133$66$7
50 years$859$472$246$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $880,000, adding $4,530 every year, while hoping to spend $51,391 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: 35/41/24 Blend
29$880,000$880,000$880,000$880,000
30$974,433$927,793$914,153$1,001,321
31$1,019,145$918,575$890,097$1,012,424
32$1,066,696$907,183$863,513$1,019,381
33$1,117,320$893,456$834,262$1,025,861
34$1,171,276$877,224$802,199$1,031,854
35$1,228,844$858,307$767,171$1,037,355
36$1,290,335$836,512$729,019$1,042,359
37$1,356,086$811,638$687,579$1,046,871
38$1,426,469$783,471$642,675$1,050,898
39$1,501,891$751,783$594,127$1,054,454
40$1,582,799$716,336$541,745$1,057,563
41$1,669,682$676,874$485,332$1,060,254
42$1,763,079$633,130$424,679$1,062,569
43$1,863,580$584,820$359,573$1,064,560
44$1,971,833$531,644$289,786$1,066,292
45$2,088,549$473,284$215,084$1,067,846
46$2,214,512$409,406$135,220$1,069,316
47$2,350,581$339,655$49,938$1,070,821
48$2,497,699$263,657$0$1,072,495
49$2,656,905$181,018$0$1,085,019
50$2,829,341$91,318$0$1,112,394
51$3,016,259$0$0$1,142,112
52$3,219,041$0$0$1,177,158
53$3,439,203$0$0$1,260,045
54$3,678,413$0$0$1,350,215
55$3,938,508$0$0$1,448,375
56$4,221,507$0$0$1,555,300
57$4,529,632$0$0$1,671,847
58$4,865,328$0$0$1,798,955
59$5,231,286$0$0$1,937,660
60$5,630,466$0$0$2,089,102
61$6,066,129$0$0$2,254,537
62$6,541,863$0$0$2,435,344
63$7,061,616$0$0$2,633,046
64$7,629,738$0$0$2,849,316
65$8,251,014$0$0$3,085,998
66$8,930,717$0$0$3,345,122
67$9,674,650$0$0$3,628,924
68$10,489,203$0$0$3,939,866
69$11,381,414$0$0$4,280,658
70$12,359,034$0$0$4,654,288
71$13,430,598$0$0$5,064,043
72$14,605,505$0$0$5,513,547
73$15,894,111$0$0$6,006,788
74$17,307,818$0$0$6,548,163
75$18,859,186$0$0$7,142,510
76$20,562,053$0$0$7,795,165
77$22,431,658$0$0$8,511,999
78$24,484,789$0$0$9,299,485
79$26,739,940$0$0$10,164,752
80$29,217,484$0$0$11,115,652
81$31,939,865$0$0$12,160,838
82$34,931,808$0$0$13,309,842
83$38,220,552$0$0$14,573,165
84$41,836,108$0$0$15,962,377
85$45,811,538$0$0$17,490,225
86$50,183,269$0$0$19,170,754
87$54,991,433$0$0$21,019,438
88$60,280,248$0$0$23,053,325
89$66,098,433$0$0$25,291,200
90$72,499,665$0$0$27,753,762
91$79,543,087$0$0$30,463,815
92$87,293,864$0$0$33,446,487
93$95,823,798$0$0$36,729,466
94$105,212,003$0$0$40,343,259
95$115,545,652$0$0$44,321,482
96$126,920,797$0$0$48,701,174
97$139,443,275$0$0$53,523,150
98$153,229,708$0$0$58,832,384
99$168,408,598$0$0$64,678,430
100$185,121,543$0$0$71,115,894