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%15.6%
1 years$72,670$72,022$71,391$70,774$70,172$68,560
2 years$35,975$35,305$34,656$34,026$33,415$31,799
3 years$23,745$23,072$22,425$21,801$21,200$19,631
4 years$17,631$16,961$16,319$15,706$15,120$13,611
5 years$13,964$13,297$12,664$12,064$11,494$10,048
6 years$11,520$10,858$10,235$9,648$9,095$7,714
7 years$9,775$9,119$8,505$7,932$7,397$6,081
8 years$8,467$7,816$7,213$6,654$6,136$4,886
9 years$7,450$6,806$6,213$5,668$5,168$3,981
10 years$6,637$5,999$5,416$4,886$4,403$3,279
11 years$5,972$5,340$4,768$4,252$3,787$2,724
12 years$5,418$4,793$4,232$3,729$3,281$2,278
13 years$4,950$4,332$3,781$3,293$2,862$1,916
14 years$4,549$3,937$3,397$2,923$2,508$1,618
15 years$4,202$3,597$3,067$2,607$2,209$1,372
16 years$3,899$3,300$2,781$2,334$1,952$1,166
17 years$3,631$3,039$2,530$2,097$1,731$994
18 years$3,394$2,808$2,310$1,890$1,539$849
19 years$3,182$2,603$2,115$1,708$1,372$727
20 years$2,991$2,419$1,941$1,547$1,225$623
21 years$2,818$2,253$1,785$1,404$1,096$535
22 years$2,662$2,103$1,645$1,276$983$460
23 years$2,519$1,967$1,519$1,162$882$395
24 years$2,389$1,843$1,405$1,060$793$340
25 years$2,269$1,729$1,301$968$714$293
26 years$2,158$1,625$1,207$885$643$253
27 years$2,056$1,530$1,121$810$579$218
28 years$1,961$1,441$1,042$742$523$188
29 years$1,873$1,360$969$681$472$162
30 years$1,791$1,284$903$625$427$140
31 years$1,715$1,214$842$574$386$121
32 years$1,643$1,149$785$527$349$104
33 years$1,576$1,088$733$485$316$90
34 years$1,513$1,031$685$446$286$78
35 years$1,454$978$641$411$259$67
36 years$1,398$928$599$378$235$58
37 years$1,345$882$561$349$213$50
38 years$1,295$838$525$321$193$44
39 years$1,248$797$492$296$175$38
40 years$1,203$758$461$273$159$33
41 years$1,161$721$433$252$144$28
42 years$1,120$687$406$233$131$24
43 years$1,082$655$381$215$118$21
44 years$1,046$624$357$198$108$18
45 years$1,011$595$336$183$98$16
46 years$978$568$315$169$89$14
47 years$946$542$296$156$80$12
48 years$916$517$278$144$73$10
49 years$887$494$262$133$66$9
50 years$859$472$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 $880,000, adding $3,983 every year, while hoping to spend $20,047 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: 59/19/22 Blend
29$880,000$880,000$880,000$880,000
30$973,868$927,228$913,588$1,025,403
31$1,051,873$951,333$922,864$1,084,988
32$1,137,163$975,946$931,778$1,147,426
33$1,230,458$1,001,073$940,298$1,215,083
34$1,332,555$1,026,716$948,388$1,288,470
35$1,444,329$1,052,878$956,012$1,368,147
36$1,566,743$1,079,561$963,131$1,454,734
37$1,700,858$1,106,767$969,703$1,548,910
38$1,847,844$1,134,497$975,687$1,651,427
39$2,008,988$1,162,751$981,036$1,763,111
40$2,185,707$1,191,528$985,703$1,884,873
41$2,379,563$1,220,828$989,638$2,017,717
42$2,592,277$1,250,646$992,789$2,162,749
43$2,825,742$1,280,981$995,101$2,321,188
44$3,082,046$1,311,827$996,515$2,494,376
45$3,363,487$1,343,179$996,970$2,683,793
46$3,672,598$1,375,030$996,404$2,891,070
47$4,012,169$1,407,373$994,749$3,118,004
48$4,385,272$1,440,196$991,936$3,366,576
49$4,795,294$1,473,489$987,889$3,638,966
50$5,245,963$1,507,239$982,533$3,937,582
51$5,741,389$1,541,432$975,786$4,265,072
52$6,286,100$1,576,051$967,563$4,624,358
53$6,885,082$1,611,078$957,777$5,018,660
54$7,543,831$1,646,491$946,333$5,451,524
55$8,268,402$1,682,269$933,135$5,926,861
56$9,065,464$1,718,386$918,080$6,448,979
57$9,942,368$1,754,813$901,063$7,022,627
58$10,907,211$1,791,520$881,970$7,653,039
59$11,968,916$1,828,474$860,685$8,345,984
60$13,137,313$1,865,638$837,086$9,107,817
61$14,423,236$1,902,970$811,045$9,945,545
62$15,838,619$1,940,429$782,428$10,866,888
63$17,396,613$1,977,965$751,095$11,880,358
64$19,111,711$2,015,529$716,899$12,995,331
65$20,999,878$2,053,063$679,688$14,222,144
66$23,078,711$2,090,507$639,303$15,572,187
67$25,367,594$2,127,797$595,574$17,058,016
68$27,887,892$2,164,862$548,329$18,693,467
69$30,663,143$2,201,627$497,385$20,493,786
70$33,719,287$2,238,010$442,550$22,475,781
71$37,084,905$2,273,923$383,626$24,657,972
72$40,791,493$2,309,273$320,405$27,060,771
73$44,873,757$2,343,959$252,670$29,706,674
74$49,369,939$2,377,872$180,195$32,620,473
75$54,322,183$2,410,898$102,741$35,829,491
76$59,776,926$2,442,912$20,063$39,363,840
77$65,785,340$2,473,782$0$43,256,706
78$72,403,814$2,503,367$0$47,560,666
79$79,694,486$2,531,515$0$52,306,091
80$87,725,829$2,558,064$0$57,532,753
81$96,573,298$2,582,844$0$63,289,677
82$106,320,040$2,605,670$0$69,630,887
83$117,057,684$2,626,347$0$76,615,917
84$128,887,196$2,644,666$0$84,310,373
85$141,919,841$2,660,406$0$92,786,553
86$156,278,231$2,673,332$0$102,124,127
87$172,097,477$2,683,191$0$112,410,892
88$189,526,470$2,689,718$0$123,743,602
89$208,729,285$2,692,629$0$136,228,876
90$229,886,726$2,691,623$0$149,984,210
91$253,198,040$2,686,380$0$165,139,084
92$278,882,787$2,676,560$0$181,836,185
93$307,182,923$2,661,803$0$200,232,756
94$338,365,076$2,641,726$0$220,502,075
95$372,723,069$2,615,926$0$242,835,099
96$410,580,686$2,583,970$0$267,442,260
97$452,294,736$2,545,405$0$294,555,455
98$498,258,416$2,499,747$0$324,430,237
99$548,905,025$2,446,484$0$357,348,226
100$604,712,051$2,385,076$0$393,619,765