Can I retire at age 30 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$72,835$72,186$71,553$70,935$70,332$67,675
2 years$36,057$35,385$34,734$34,103$33,491$30,846
3 years$23,799$23,125$22,475$21,850$21,248$18,697
4 years$17,671$16,999$16,356$15,742$15,154$12,716
5 years$13,996$13,327$12,693$12,091$11,520$9,202
6 years$11,546$10,883$10,258$9,670$9,116$6,919
7 years$9,797$9,139$8,524$7,950$7,413$5,338
8 years$8,486$7,834$7,229$6,669$6,150$4,193
9 years$7,467$6,821$6,227$5,680$5,179$3,339
10 years$6,652$6,012$5,429$4,897$4,413$2,685
11 years$5,985$5,353$4,779$4,262$3,795$2,177
12 years$5,431$4,804$4,241$3,738$3,289$1,775
13 years$4,961$4,342$3,789$3,300$2,868$1,455
14 years$4,560$3,946$3,405$2,929$2,514$1,197
15 years$4,212$3,605$3,074$2,613$2,214$988
16 years$3,908$3,308$2,787$2,339$1,956$817
17 years$3,640$3,046$2,536$2,102$1,735$678
18 years$3,402$2,815$2,315$1,894$1,542$563
19 years$3,189$2,609$2,119$1,711$1,375$468
20 years$2,998$2,424$1,945$1,550$1,228$390
21 years$2,825$2,258$1,789$1,407$1,099$325
22 years$2,668$2,108$1,649$1,279$985$271
23 years$2,525$1,971$1,523$1,165$884$226
24 years$2,394$1,847$1,408$1,062$795$189
25 years$2,274$1,733$1,304$970$715$158
26 years$2,163$1,629$1,210$887$644$132
27 years$2,061$1,533$1,123$812$581$110
28 years$1,966$1,445$1,044$744$524$92
29 years$1,878$1,363$972$682$473$77
30 years$1,795$1,287$905$626$428$65
31 years$1,719$1,217$844$575$387$54
32 years$1,647$1,151$787$529$350$45
33 years$1,580$1,090$735$486$316$38
34 years$1,516$1,033$687$447$287$32
35 years$1,457$980$642$412$260$27
36 years$1,401$930$601$379$235$22
37 years$1,348$884$562$349$213$19
38 years$1,298$840$526$322$193$16
39 years$1,251$798$493$297$175$13
40 years$1,206$760$462$274$159$11
41 years$1,163$723$434$253$144$9
42 years$1,123$689$407$233$131$8
43 years$1,085$656$382$215$119$6
44 years$1,048$625$358$199$108$5
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$4
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$3
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $882,000, adding $2,884 every year, while hoping to spend $42,682 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: 47/43/10 Blend
29$882,000$882,000$882,000$882,000
30$974,939$928,193$914,522$1,017,940
31$1,028,969$928,261$899,745$1,047,930
32$1,087,080$926,902$883,043$1,075,792
33$1,149,643$924,001$864,305$1,105,057
34$1,217,065$919,435$843,418$1,135,870
35$1,289,794$913,076$820,261$1,168,391
36$1,368,322$904,786$794,709$1,202,801
37$1,453,190$894,419$766,630$1,239,300
38$1,544,991$881,821$735,888$1,278,112
39$1,644,378$866,828$702,338$1,319,487
40$1,752,069$849,268$665,831$1,363,704
41$1,868,854$828,955$626,210$1,411,071
42$1,995,600$805,697$583,311$1,461,934
43$2,133,262$779,287$536,963$1,516,678
44$2,282,890$749,508$486,986$1,575,728
45$2,445,639$716,128$433,195$1,639,562
46$2,622,781$678,904$375,393$1,708,706
47$2,815,713$637,579$313,377$1,783,748
48$3,025,974$591,879$246,934$1,865,340
49$3,255,258$541,516$175,841$1,954,206
50$3,505,429$486,185$99,866$2,051,150
51$3,778,539$425,564$18,768$2,157,066
52$4,076,846$359,313$0$2,272,942
53$4,402,837$287,072$0$2,407,111
54$4,759,249$208,461$0$2,556,164
55$5,149,095$123,078$0$2,719,477
56$5,575,694$30,500$0$2,898,577
57$6,042,701$0$0$3,095,156
58$6,554,137$0$0$3,344,073
59$7,114,436$0$0$3,632,681
60$7,728,476$0$0$3,949,073
61$8,401,631$0$0$4,296,032
62$9,139,822$0$0$4,676,622
63$9,949,566$0$0$5,094,217
64$10,838,045$0$0$5,552,535
65$11,813,167$0$0$6,055,672
66$12,883,646$0$0$6,608,136
67$14,059,078$0$0$7,214,897
68$15,350,036$0$0$7,881,430
69$16,768,164$0$0$8,613,763
70$18,326,292$0$0$9,418,539
71$20,038,555$0$0$10,303,077
72$21,920,523$0$0$11,275,439
73$23,989,349$0$0$12,344,507
74$26,263,933$0$0$13,520,068
75$28,765,096$0$0$14,812,904
76$31,515,778$0$0$16,234,893
77$34,541,254$0$0$17,799,123
78$37,869,371$0$0$19,520,016
79$41,530,810$0$0$21,413,460
80$45,559,378$0$0$23,496,960
81$49,992,320$0$0$25,789,807
82$54,870,679$0$0$28,313,252
83$60,239,672$0$0$31,090,715
84$66,149,127$0$0$34,147,999
85$72,653,944$0$0$37,513,535
86$79,814,617$0$0$41,218,654
87$87,697,803$0$0$45,297,874
88$96,376,949$0$0$49,789,235
89$105,932,989$0$0$54,734,651
90$116,455,101$0$0$60,180,306
91$128,041,552$0$0$66,177,095
92$140,800,624$0$0$72,781,095
93$154,851,634$0$0$80,054,102
94$170,326,062$0$0$88,064,210
95$187,368,788$0$0$96,886,454
96$206,139,460$0$0$106,603,517
97$226,814,001$0$0$117,306,511
98$249,586,268$0$0$129,095,838
99$274,669,878$0$0$142,082,135
100$302,300,230$0$0$156,387,317