Can I retire at age 30 with 881,000?

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 $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%13.2%
1 years$72,752$72,104$71,472$70,855$70,252$69,317
2 years$36,016$35,345$34,695$34,065$33,453$32,513
3 years$23,772$23,098$22,450$21,826$21,224$20,307
4 years$17,651$16,980$16,338$15,724$15,137$14,251
5 years$13,980$13,312$12,679$12,078$11,507$10,654
6 years$11,533$10,871$10,246$9,659$9,105$8,287
7 years$9,786$9,129$8,515$7,941$7,405$6,621
8 years$8,476$7,825$7,221$6,661$6,143$5,394
9 years$7,458$6,813$6,220$5,674$5,173$4,458
10 years$6,644$6,006$5,422$4,891$4,408$3,727
11 years$5,979$5,346$4,774$4,257$3,791$3,143
12 years$5,424$4,799$4,237$3,734$3,285$2,670
13 years$4,956$4,337$3,785$3,296$2,865$2,281
14 years$4,554$3,942$3,401$2,926$2,511$1,958
15 years$4,207$3,601$3,071$2,610$2,211$1,687
16 years$3,903$3,304$2,784$2,337$1,954$1,459
17 years$3,635$3,043$2,533$2,099$1,733$1,266
18 years$3,398$2,812$2,313$1,892$1,541$1,100
19 years$3,185$2,606$2,117$1,710$1,373$959
20 years$2,994$2,421$1,943$1,548$1,227$837
21 years$2,822$2,255$1,787$1,405$1,098$731
22 years$2,665$2,105$1,647$1,278$984$640
23 years$2,522$1,969$1,521$1,164$883$561
24 years$2,391$1,845$1,406$1,061$794$492
25 years$2,271$1,731$1,303$969$714$432
26 years$2,161$1,627$1,208$886$643$379
27 years$2,058$1,531$1,122$811$580$334
28 years$1,964$1,443$1,043$743$523$293
29 years$1,875$1,361$971$682$473$258
30 years$1,793$1,286$904$625$427$227
31 years$1,717$1,215$843$574$386$200
32 years$1,645$1,150$786$528$349$176
33 years$1,578$1,089$734$485$316$156
34 years$1,515$1,032$686$447$286$137
35 years$1,455$979$641$411$259$121
36 years$1,399$929$600$379$235$107
37 years$1,346$883$562$349$213$94
38 years$1,296$839$526$322$193$83
39 years$1,249$798$493$297$175$73
40 years$1,204$759$462$274$159$65
41 years$1,162$722$433$252$144$57
42 years$1,122$688$406$233$131$50
43 years$1,083$655$381$215$119$44
44 years$1,047$625$358$199$108$39
45 years$1,012$596$336$183$98$35
46 years$979$568$316$169$89$31
47 years$947$542$296$156$81$27
48 years$917$518$279$145$73$24
49 years$888$494$262$134$66$21
50 years$860$472$246$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $881,000, adding $4,299 every year, while hoping to spend $48,694 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: 39/48/13 Blend
29$881,000$881,000$881,000$881,000
30$975,296$928,603$914,948$1,009,361
31$1,022,967$922,295$893,789$1,027,635
32$1,073,867$914,045$870,288$1,042,310
33$1,128,276$903,708$844,318$1,057,113
34$1,186,498$891,128$815,740$1,072,080
35$1,248,868$876,140$784,415$1,087,251
36$1,315,752$858,570$750,192$1,102,676
37$1,387,552$838,234$712,917$1,118,416
38$1,464,710$814,935$672,427$1,134,538
39$1,547,711$788,467$628,554$1,151,126
40$1,637,086$758,610$581,119$1,168,272
41$1,733,420$725,133$529,937$1,186,088
42$1,837,354$687,790$474,816$1,204,698
43$1,949,594$646,322$415,552$1,224,250
44$2,070,915$600,454$351,935$1,244,908
45$2,202,168$549,896$283,744$1,266,865
46$2,344,289$494,341$210,750$1,290,336
47$2,498,308$433,465$132,712$1,315,569
48$2,665,356$366,926$49,379$1,342,844
49$2,846,679$294,361$0$1,372,479
50$3,043,644$215,388$0$1,410,320
51$3,257,757$129,604$0$1,458,951
52$3,490,675$36,582$0$1,512,014
53$3,744,221$0$0$1,570,064
54$4,020,400$0$0$1,667,597
55$4,321,418$0$0$1,795,069
56$4,649,705$0$0$1,934,202
57$5,007,933$0$0$2,086,140
58$5,399,045$0$0$2,252,148
59$5,826,280$0$0$2,433,615
60$6,293,204$0$0$2,632,072
61$6,803,743$0$0$2,849,204
62$7,362,218$0$0$3,086,866
63$7,973,389$0$0$3,347,101
64$8,642,497$0$0$3,632,159
65$9,375,313$0$0$3,944,519
66$10,178,190$0$0$4,286,909
67$11,058,129$0$0$4,662,333
68$12,022,838$0$0$5,074,103
69$13,080,805$0$0$5,525,865
70$14,241,381$0$0$6,021,633
71$15,514,866$0$0$6,565,832
72$16,912,604$0$0$7,163,334
73$18,447,090$0$0$7,819,507
74$20,132,090$0$0$8,540,262
75$21,982,766$0$0$9,332,115
76$24,015,824$0$0$10,202,240
77$26,249,664$0$0$11,158,542
78$28,704,559$0$0$12,209,731
79$31,402,843$0$0$13,365,402
80$34,369,119$0$0$14,636,124
81$37,630,497$0$0$16,033,545
82$41,216,840$0$0$17,570,496
83$45,161,053$0$0$19,261,114
84$49,499,388$0$0$21,120,976
85$54,271,790$0$0$23,167,243
86$59,522,265$0$0$25,418,825
87$65,299,303$0$0$27,896,557
88$71,656,331$0$0$30,623,396
89$78,652,215$0$0$33,624,635
90$86,351,819$0$0$36,928,148
91$94,826,609$0$0$40,564,643
92$104,155,336$0$0$44,567,960
93$114,424,770$0$0$48,975,386
94$125,730,522$0$0$53,828,006
95$138,177,946$0$0$59,171,093
96$151,883,128$0$0$65,054,533
97$166,973,987$0$0$71,533,296
98$183,591,474$0$0$78,667,953
99$201,890,909$0$0$86,525,250
100$222,043,439$0$0$95,178,737