Can I retire at age 30 with 880,000?

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 $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%15%
1 years$72,670$72,022$71,391$70,774$70,172$68,728
2 years$35,975$35,305$34,656$34,026$33,415$31,966
3 years$23,745$23,072$22,425$21,801$21,200$19,792
4 years$17,631$16,961$16,319$15,706$15,120$13,764
5 years$13,964$13,297$12,664$12,064$11,494$10,193
6 years$11,520$10,858$10,235$9,648$9,095$7,851
7 years$9,775$9,119$8,505$7,932$7,397$6,210
8 years$8,467$7,816$7,213$6,654$6,136$5,007
9 years$7,450$6,806$6,213$5,668$5,168$4,094
10 years$6,637$5,999$5,416$4,886$4,403$3,385
11 years$5,972$5,340$4,768$4,252$3,787$2,823
12 years$5,418$4,793$4,232$3,729$3,281$2,370
13 years$4,950$4,332$3,781$3,293$2,862$2,001
14 years$4,549$3,937$3,397$2,923$2,508$1,697
15 years$4,202$3,597$3,067$2,607$2,209$1,444
16 years$3,899$3,300$2,781$2,334$1,952$1,234
17 years$3,631$3,039$2,530$2,097$1,731$1,056
18 years$3,394$2,808$2,310$1,890$1,539$906
19 years$3,182$2,603$2,115$1,708$1,372$779
20 years$2,991$2,419$1,941$1,547$1,225$671
21 years$2,818$2,253$1,785$1,404$1,096$578
22 years$2,662$2,103$1,645$1,276$983$499
23 years$2,519$1,967$1,519$1,162$882$431
24 years$2,389$1,843$1,405$1,060$793$373
25 years$2,269$1,729$1,301$968$714$323
26 years$2,158$1,625$1,207$885$643$280
27 years$2,056$1,530$1,121$810$579$242
28 years$1,961$1,441$1,042$742$523$210
29 years$1,873$1,360$969$681$472$182
30 years$1,791$1,284$903$625$427$158
31 years$1,715$1,214$842$574$386$137
32 years$1,643$1,149$785$527$349$119
33 years$1,576$1,088$733$485$316$103
34 years$1,513$1,031$685$446$286$90
35 years$1,454$978$641$411$259$78
36 years$1,398$928$599$378$235$68
37 years$1,345$882$561$349$213$59
38 years$1,295$838$525$321$193$51
39 years$1,248$797$492$296$175$44
40 years$1,203$758$461$273$159$39
41 years$1,161$721$433$252$144$34
42 years$1,120$687$406$233$131$29
43 years$1,082$655$381$215$118$25
44 years$1,046$624$357$198$108$22
45 years$1,011$595$336$183$98$19
46 years$978$568$315$169$89$17
47 years$946$542$296$156$80$14
48 years$916$517$278$144$73$13
49 years$887$494$262$133$66$11
50 years$859$472$246$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $880,000, adding $6,200 every year, while hoping to spend $49,617 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: 86/7/7 Blend
29$880,000$880,000$880,000$880,000
30$976,155$929,515$915,875$1,059,037
31$1,022,931$922,269$893,765$1,106,770
32$1,072,815$913,006$869,251$1,151,747
33$1,126,072$901,572$842,201$1,199,584
34$1,182,991$887,810$812,475$1,250,532
35$1,243,891$871,548$779,928$1,304,870
36$1,309,121$852,606$744,408$1,362,905
37$1,379,062$830,794$705,756$1,424,973
38$1,454,134$805,911$663,806$1,491,445
39$1,534,797$777,742$618,385$1,562,730
40$1,621,556$746,061$569,312$1,639,277
41$1,714,967$710,630$516,395$1,721,579
42$1,815,638$671,195$459,439$1,810,183
43$1,924,238$627,489$398,235$1,905,687
44$2,041,503$579,228$332,568$2,008,752
45$2,168,240$526,114$262,213$2,120,106
46$2,305,336$467,830$186,934$2,240,549
47$2,453,769$404,042$106,484$2,370,966
48$2,614,611$334,398$20,609$2,512,327
49$2,789,041$258,523$0$2,665,705
50$2,978,356$176,024$0$2,837,586
51$3,183,984$86,485$0$3,025,952
52$3,407,494$0$0$3,230,719
53$3,650,613$0$0$3,454,298
54$3,915,239$0$0$3,704,918
55$4,203,464$0$0$3,977,897
56$4,517,587$0$0$4,275,414
57$4,860,139$0$0$4,599,869
58$5,233,908$0$0$4,953,902
59$5,641,958$0$0$5,340,419
60$6,087,667$0$0$5,762,620
61$6,574,751$0$0$6,224,025
62$7,107,300$0$0$6,728,512
63$7,689,821$0$0$7,280,351
64$8,327,272$0$0$7,884,241
65$9,025,115$0$0$8,545,359
66$9,789,365$0$0$9,269,405
67$10,626,644$0$0$10,062,654
68$11,544,247$0$0$10,932,019
69$12,550,207$0$0$11,885,113
70$13,653,370$0$0$12,930,321
71$14,863,482$0$0$14,076,877
72$16,191,276$0$0$15,334,953
73$17,648,574$0$0$16,715,753
74$19,248,399$0$0$18,231,619
75$21,005,095$0$0$19,896,145
76$22,934,465$0$0$21,724,308
77$25,053,917$0$0$23,732,604
78$27,382,627$0$0$25,939,207
79$29,941,721$0$0$28,364,138
80$32,754,475$0$0$31,029,456
81$35,846,528$0$0$33,959,459
82$39,246,130$0$0$37,180,920
83$42,984,404$0$0$40,723,334
84$47,095,640$0$0$44,619,199
85$51,617,617$0$0$48,904,317
86$56,591,960$0$0$53,618,137
87$62,064,530$0$0$58,804,122
88$68,085,858$0$0$64,510,162
89$74,711,620$0$0$70,789,019
90$82,003,162$0$0$77,698,834
91$90,028,075$0$0$85,303,663
92$98,860,839$0$0$93,674,091
93$108,583,516$0$0$102,887,890
94$119,286,531$0$0$113,030,757
95$131,069,520$0$0$124,197,118
96$144,042,270$0$0$136,491,019
97$158,325,756$0$0$150,027,112
98$174,053,279$0$0$164,931,727
99$191,371,726$0$0$181,344,071
100$210,442,952$0$0$199,417,537