Can I retire at age 30 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$72,752$72,104$71,472$70,855$70,252$68,112
2 years$36,016$35,345$34,695$34,065$33,453$31,316
3 years$23,772$23,098$22,450$21,826$21,224$19,156
4 years$17,651$16,980$16,338$15,724$15,137$13,155
5 years$13,980$13,312$12,679$12,078$11,507$9,615
6 years$11,533$10,871$10,246$9,659$9,105$7,305
7 years$9,786$9,129$8,515$7,941$7,405$5,697
8 years$8,476$7,825$7,221$6,661$6,143$4,526
9 years$7,458$6,813$6,220$5,674$5,173$3,646
10 years$6,644$6,006$5,422$4,891$4,408$2,968
11 years$5,979$5,346$4,774$4,257$3,791$2,436
12 years$5,424$4,799$4,237$3,734$3,285$2,012
13 years$4,956$4,337$3,785$3,296$2,865$1,670
14 years$4,554$3,942$3,401$2,926$2,511$1,392
15 years$4,207$3,601$3,071$2,610$2,211$1,165
16 years$3,903$3,304$2,784$2,337$1,954$977
17 years$3,635$3,043$2,533$2,099$1,733$821
18 years$3,398$2,812$2,313$1,892$1,541$692
19 years$3,185$2,606$2,117$1,710$1,373$584
20 years$2,994$2,421$1,943$1,548$1,227$493
21 years$2,822$2,255$1,787$1,405$1,098$417
22 years$2,665$2,105$1,647$1,278$984$353
23 years$2,522$1,969$1,521$1,164$883$299
24 years$2,391$1,845$1,406$1,061$794$254
25 years$2,271$1,731$1,303$969$714$215
26 years$2,161$1,627$1,208$886$643$183
27 years$2,058$1,531$1,122$811$580$155
28 years$1,964$1,443$1,043$743$523$132
29 years$1,875$1,361$971$682$473$112
30 years$1,793$1,286$904$625$427$95
31 years$1,717$1,215$843$574$386$81
32 years$1,645$1,150$786$528$349$69
33 years$1,578$1,089$734$485$316$58
34 years$1,515$1,032$686$447$286$50
35 years$1,455$979$641$411$259$42
36 years$1,399$929$600$379$235$36
37 years$1,346$883$562$349$213$31
38 years$1,296$839$526$322$193$26
39 years$1,249$798$493$297$175$22
40 years$1,204$759$462$274$159$19
41 years$1,162$722$433$252$144$16
42 years$1,122$688$406$233$131$14
43 years$1,083$655$381$215$119$12
44 years$1,047$625$358$199$108$10
45 years$1,012$596$336$183$98$8
46 years$979$568$316$169$89$7
47 years$947$542$296$156$81$6
48 years$917$518$279$145$73$5
49 years$888$494$262$134$66$4
50 years$860$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $881,000, adding $2,098 every year, while hoping to spend $37,885 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: 78/15/7 Blend
29$881,000$881,000$881,000$881,000
30$973,026$926,333$912,678$1,047,967
31$1,031,965$931,414$902,943$1,102,515
32$1,095,647$935,474$891,612$1,157,186
33$1,164,514$938,424$878,593$1,216,020
34$1,239,055$940,167$863,786$1,279,416
35$1,319,805$940,601$847,089$1,347,811
36$1,407,354$939,620$828,396$1,421,686
37$1,502,350$937,108$807,593$1,501,573
38$1,605,507$932,943$784,565$1,588,058
39$1,717,608$926,997$759,187$1,681,785
40$1,839,516$919,132$731,332$1,783,465
41$1,972,181$909,203$700,865$1,893,881
42$2,116,645$897,056$667,646$2,013,897
43$2,274,059$882,527$631,528$2,144,464
44$2,445,687$865,445$592,358$2,286,631
45$2,632,920$845,625$549,976$2,441,554
46$2,837,292$822,874$504,213$2,610,508
47$3,060,487$796,987$454,896$2,794,897
48$3,304,363$767,745$401,841$2,996,269
49$3,570,962$734,919$344,858$3,216,332
50$3,862,536$698,266$283,746$3,456,967
51$4,181,562$657,528$218,298$3,720,248
52$4,530,767$612,432$148,297$4,008,461
53$4,913,155$562,692$73,515$4,324,128
54$5,332,035$508,002$0$4,670,026
55$5,791,050$448,041$0$5,049,689
56$6,294,211$382,469$0$5,471,914
57$6,845,938$310,927$0$5,934,945
58$7,451,096$233,036$0$6,442,907
59$8,115,048$148,394$0$7,000,345
60$8,843,696$56,579$0$7,612,266
61$9,643,546$0$0$8,284,191
62$10,521,761$0$0$9,029,278
63$11,486,232$0$0$9,857,833
64$12,545,654$0$0$10,767,989
65$13,709,604$0$0$11,767,977
66$14,988,632$0$0$12,866,867
67$16,394,361$0$0$14,074,647
68$17,939,597$0$0$15,402,325
69$19,638,446$0$0$16,862,026
70$21,506,452$0$0$18,467,110
71$23,560,738$0$0$20,232,294
72$25,820,171$0$0$22,173,796
73$28,305,538$0$0$24,309,482
74$31,039,741$0$0$26,659,038
75$34,048,015$0$0$29,244,153
76$37,358,162$0$0$32,088,725
77$41,000,818$0$0$35,219,086
78$45,009,737$0$0$38,664,250
79$49,422,110$0$0$42,456,184
80$54,278,919$0$0$46,630,112
81$59,625,319$0$0$51,224,849
82$65,511,066$0$0$56,283,160
83$71,990,983$0$0$61,852,171
84$79,125,482$0$0$67,983,806
85$86,981,129$0$0$74,735,284
86$95,631,276$0$0$82,169,652
87$105,156,747$0$0$90,356,384
88$115,646,604$0$0$99,372,033
89$127,198,989$0$0$109,300,957
90$139,922,045$0$0$120,236,109
91$153,934,939$0$0$132,279,920
92$169,368,984$0$0$145,545,262
93$186,368,882$0$0$160,156,511
94$205,094,083$0$0$176,250,725
95$225,720,295$0$0$193,978,934
96$248,441,139$0$0$213,507,565
97$273,469,977$0$0$235,020,014
98$301,041,924$0$0$258,718,375
99$331,416,066$0$0$284,825,348
100$364,877,908$0$0$313,586,340